(1). A certain amount of flexibility in your financials.
“Yes, the numbers are looking good so far this year. Of course, that “Projected Estimable Receivables” balance provides us with a fairly healthy squish factor in case any of the board members starts asking questions.”
(1). A really, really complicated way to say slamming the barn door after the horse is gone.
“Alright, now that we’ve converted to the new accounting system, we need to go through our post-implementation review process to make sure it’s going to work. Somehow, I feel we should have asked more questions up front…oh well, too late now!”