Sunday, April 29, 2007

The cost of it all

We are reviewing our cost structure. Surprisingly, early indications are that are costs are *not* too low. That's right. On the other hand, we've no definitive information to hand as our bookkeeper still needs to get all the numbers bashed into the accounting package from which financial reports are generated.

Frank is impatient. He demands - strong lanaugage indeed - that Hamid produce a profit-and-loss statement on the spot based on the data that has in fact been entered. Hamid diplomatically points out that such a report is totally without value until all the relevant data has been entered. Frank pulls rank, "I want it on my desk in five minutes."

Seven minutes later, Frank and I are alone in the conference room. Frank is greatly irked by the report that says we lost Euro 56K in February alone. "Maybe," I point out, "it's because all the costs have been entered into the accounting system but not all the revenues."

Frank won't be fooled with such remarks that are clearly intended to throw him off track. He leaves to investigate how we formally need to file for bankruptcy.

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