Thursday, June 10, 2010

FIFO and FIFA

I arrived back in Ghana to significant activity. A fabulous volunteer accounting consultant, Debi Nordstrom and her equally talented son, David, were on board for a month helping us sort out our financials and tidy up an accounting backlog - and the FIFA world cup was starting.
Ghana is nothing if not football crazy and we all joined in the frenzy, watching the USA and Ghana in each of their matches, when not trying to properly valuate inventory (First In First Out. Last In First Out or Average Cost? - the meaningful questions of the day), balance bank statements and reconcile the balance sheet.
XO

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