An accountant visited the Natural History museum. While standing near the dinosaur he said to his neighbor: "This dinosaur is two billion years and ten months old"."Where did you get this exact information?" "I was here ten months ago, and the guide told me that the dinosaur is two billion years old."

1. How many cost accountants does it take to change a light bulb?Hmmm........Ill just do a few numbers and get back to you

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2. The doctor comes to see his heart transplant patient."This is good news. It is very unusual, but we have two donors to choose from for your new heart."The patient is pleased. He asks, "What were their jobs?""One was a teacher and the other was an accountant.""Ill take the accountants heart," says the patient. "I want one that hasnt been used."

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3. Laws of Accounting1. Trial balances dont2. Bank reconciliations never do3. Working Capital does not4. Return on Investments never will

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4. There are three kinds of accountants in the world.Those who can count and those who cant.

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5. Why did the auditor cross the road?Because he looked in the file and thats what they did last year.

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6. A young accountant, straight out of uni, applies for a job advertised in the Sydney Morning Herald. He is interviewed by the owner of a small business who has built it up from scratch."I need someone with an accounting degree," says the man, "but mainly Im looking for someone to do my worrying for me.""How do you mean?" says the accountant."I have lots of things to worry about, but I want someone else to worry about money matters.""OK," says the accountant. "How much are you offering?""You can start on seventy-five thousand," says the owner."Seventy-five thousand dollars. How can a business like this afford to pay so much?""That," says the man, "is your first worry."

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7. What would Economics be without assumptions?Accounting

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8. An auditor was examining the balance sheet of a mining company that had just bought a sheep station in the Pilbara area of Western Australia. The reason for the purchase was partly for the thousands of acres that the station covered and partly for the thousands of sheep that ranged over those thousands of acres. The auditor, being very diligent, noted that the value of the sheep formed a significant asset and, like all good auditors, knew that he would have to verify that asset. He chartered an aircraft and flew up to the station. The manager was at the airstrip to meet him."Hello," he said. "Im the auditor. Ive come to count the sheep."

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9. A man walking along a country road comes across a farmer droving a huge mob of sheep. He stops and chats for a while and then says, "Tell you what, Ill bet you $100 against one of your sheep that I can tell you the exact number in that flock."The farmer thinks for a moment, it is a big mob and he cant see how anyone could guess correctly so he says, "OK. Youre on.""Nine hundred and thirty two," says the man.The farmer takes off his hat and scratches his head. "I dont know how you did it but thats exactly right. A bets a bet. Take any sheep."The man picks up an animal and is about to walk off when the farmer says, "Hang on. Bet you double or nothing that I can guess your occupation."The man thinks, "How would he know, hes never met me before" and says "Righto. Youre on".The farmer says, "Youre an auditor with

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10. "The auditors have just left, sir.""Did they check the books?""Very thoroughly.""What did they say?""They want 15% to keep quiet."

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