The Manbottle Library
The Manbottle Library  :  Humor  :  New Financial Terms

New Financial Terms


In the wake of Enron, MCI/Worldcom, and their venerable accounting firm of Arthur Andersen, we have new definitions for some common financial terms...



EBIT

old: Earnings Before Interest and Taxes

new: Earnings Before Irregularities and Tampering



EBITDA

old: Earnings Before Interest, Taxes, Depreciation, and Amortization

new: Earnings Before I Tricked Da Auditor



NAV

old: Net Asset Value

new: Normal Andersen Value



CEO

old: Chief Executive Officer

new: Chief Embezzlement Officer



EPS

old: Earnings Per Share

new: Eventual Prison Sentence



-- from an article by Andrew Callus



This compliation is copyright © 2000-2014
Wiggins Professional Services, Inc.

Individual items contained herein are the
copyright of their respective owners.