UALR Accounting Society

"You fill the GAAP in my heart"

Congratulations to our 2017 Fall Book Scholarship Winner!!!

2017 Beta Alpha Psi Annual Meeting!

"The Best Is Yet To Be"

Meet the Professional Accounting Organizations.
Sponsored by Beta Alpha Psi at UCA, UALR, & UA-Fort Smith.

Eat.
Sleep.
Accounting.

A young accountant fresh out of college is interviewed by the owner of a small business. “I need someone with an accounting degree,” says the man. “But mainly I’m looking for someone to do my worrying for me. 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 at $75,000,” says the owner.

“That’s a great salary!” says the young accountant. “How can a business like yours afford to pay so much?”

“That,” says the man, “is your first worry.”

"Be audit you can be".

Congratulations to our 2017 Beta Alpha Psi & Accounting Society Scholarship Recipients.

Beta Alpha Psi Scholarship Recipient --Nathan Nalley

Accounting Society Scholarship Recipient--Jonas David

10 out of 9 accountants can't count.

An accountancy student asks a partner to explain ethics in accountancy. The partner thinks for a moment and relates the following.
‘Mr Jones, one of our clients, came to see me last week and paid me his bill of $1,000 in cash. As he left I counted the notes and they came to $1,100.
The student said. ‘ I see. The ethics question is do I tell the client?’
‘Wrong answer!’
The question is do I tell my partner’

Four Laws of Accounting:
1. Trial balances don’t.
2. Bank reconciliations never do.
3. Working capital does not.
4. Return on investments never will.

There are three types of accountants. Those who can count and those who can’t.