Links to Financial Success --Dickeson

It's also high time for printing trade associations, CPAs and consultants to cease and desist with drivel about how to develop opinions called "costs." They, and we, don't know what our costs are. We cannot know. Costs are myths and metaphors that distract us. We can't predict.

Our "cost" constructs are affirmations of faith in a series of assumptions, predictions and allocations. Costs are opinions based on a shaky, dubious construct. Remember: Cash is a fact. Cost is an opinion. Profit is an opinion. We do not "know" our costs—our opinions and our beliefs—but we do know our bank balances—our state of liquidity. We know "expenses." They're facts. They are reality.