At ISB, the most interesting nuggets of gyaan are thrown at you when you least expect them. For instance, during the accounting pre-terms, after big-time gyaan on debits, credits, liabilities, assets, equity, inventory, blah blah came the mother statement of all…
Profit equals cash received, plus the accrued cash.
Accrued is intangible. Hence, profit is intangible.
Whatever is intangible is only a concept.
Hence, profit is a concept.
But businesses don’t run on concepts. They run on reality.
And cash is reality.
Businesses run on cash, not profits!
I swear on God I wanted to stand on the table and clap for her. I swear!! In fact, I almost blurted out “Waah waah! Waah waah!”
I love it when business and philosophy start dating in the classroom! Such fun!
And you took her picture in the middle of her philosophy jhaading? Wah! These photographers, I tell you!
ReplyDeleteLol @ above comment!
ReplyDeleteLoved your last line - I love it when business and philosophy start dating in the classroom! Such fun!
@Anon: Of course! She deserved to be clicked! :)
ReplyDelete@Manali: Core term starts tomorrow. Soon, there'll be domestic violence as well in the classroom.
Manali hasn't figured who the anon at whom she is lol-ing is! What fun!
ReplyDelete