"Accounting is your primary information system for making decisions, so if that information is bad, your decisions will be bad too."
- David Cote, ex CEO Honeywell
[reminds me of this from Titan... “For Rockefeller, ledgers were sacred books that guided decisions and saved one from fallible emotion. They gauged performance, exposed fraud, and ferreted out hidden inefficiencies. In an imprecise world, they rooted things in solid empirical reality. As he chided slipshod rivals, ‘Many of the brightest kept their books in such a way that they did not actually know when they were making money on a certain operation and when they were losing.’”]