Thursday, 14 February 2019

Talent - An Accountant’s Dilemma


Talent is a “scientific” art which sets up a person uniquely amongst a group. 

Once I was engaging a valuation professional to value shares of the company for a legal & taxation purpose, I explained him my requirement for valuation and provided him with all financial numbers / projections.  Before going through the numbers the first question from him was “How much value you want”, though this question stunned me I was astonished by his talent of creativity and “customer satisfaction”. 

There are many more “Accounting Talents” similar to the above (but in a larger scale) to name a few which are familiar to most of us – Enron, Arthur & Anderson, Worldcom, Lehman Brothers and Satyam.  All these are examples of Accounting Talents which made some individuals extremely rich (albeit for a short of time till they were caught).   Obvious question – how many more are still there yet to be caught and still making millions?

Talent of an accountant is best personified on how hard he stands for values & ethics of the profession.  Luckily for me my organization supports this.

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