Dear readers, please enjoy this fun graphic from The Idiot Economist
Free Washing Machine, $50
I remember reading the following story as a kid – probably in the Readers Digest. A family buys a new washing machine, so they leave the old one out front of their house with a sign “Free”. No-one takes the washing machine. So they change the sign to “Works Great, Only $50”. The washing machine
Classroom Dollars and Bad Teachers
Start with a graphic representation of a dollar bill. Divide it up to show how many cents are spent in which categories. Not a bad way to represent expenditures. Except when it is done this way: Why? Because this cartoon is not just wrong, it is dishonest. The categories of expense are a bit hard
Taking a Position
The director and manager of school construction sat down in my office. They had made it clear that they needed to see me NOW. “What’s up?” “Well, you hired a supervisor. For the construction department.” “An accounting supervisor. Yes.” “We should have been consulted. After all, she works in our department.” “Yes, she’s physically located
Why My Son Went to Private Schools
I have worked in public education for more than 20 years, yet my son went to private schools. This was not a rejection of the public school system. We live in an area with some of the best public schools in the country, and could have sent our son there for free. Why didn’t we
Arson
FIRE ACCOUNTING Click on the link for my manual on school arson. I have dealt with three major school fires in my career. And believe me, there was no manual. The first thing I did ten years ago when confronted with my first school fire was to Google “accounting for school fires” and couldn’t find anything terribly useful. I
How to Take a Break
CaveGirlMBA’s post about the guy who plays online games at work really struck a chord with me, because here’s a second post about it. For me, the story is explained by one of two possibilities. 1. He is thoroughly disengaged and doesn’t give a s**t 2. He is engaged, but takes breaks inappropriately You’ll know
Stepping into a Pile of Management
My boss told me that the only difference between management and non-management is that managers get to hire and fire (so you’d better get good at it). Truth be told, she said this during a somewhat negative performance review. That’s a blunt way of saying non-managers are responsible for tasks while managers are responsible for people.
We Don’t Need No %@# Standards?*
Imagine comparing two school districts’ test scores, where each district uses different tests. That would be meaningless, right? Yet, this situation exists on the business side of things. Legislation will require a calculation, but the implementation is unclear. Subsequent guidelines and regulations (if any) sometimes just cite the statute verbatim. For example, prior to the new funding formula, conversion