More years ago than I care to remember, I toiled at a local newspaper covering high school sports – and I mean every sport – from football to field hockey. I staffed games in wind chills of 10 below zero and others in drenching rains.
But my most frustrating undertaking in that job encompassed basketball game coverage because you had to rely on a school’s official “statistician” to provide the correct information.
So the basic accounting function of reconciling the box score was often an adventure in itself. Too many times, the players’ scoring did not recap to the actual game result. So, just to balance the books – especially if there were 10 games on the schedule that night- you would award free of charge, a foul shot or field goal here and there to a random, but nonetheless, deserving player.
I recalled those episodes of numerical futility recently when the managing partner of a Northeastern CPA firm said he was interested in merging with a neighboring practice which had two of the three partners ready to exit within a year.
The owner estimated that pending due diligence and the seller’s acceptance of the term sheet; the deal would be consummated in six to nine months.