Financial Terminology

In case you were not aware of the new financial terminology:
EBITDA (formerly stood for Earnings before Interest Expenses, Taxes,
Depreciation and Amortization) – Now stands for “Earnings before I Tricked Dumb
Auditor”.
EBIT (Earnings before Interest and Taxes) – Now stands for “Earnings
before Irregularities and Tampering”.
CEO (Chief Executive Officer) – Now stands for “Chief Embezzlement Officer”.
CFO (Chief Financial Officer) – Now stands for “Corporate Fraud Officer”.
NAV (Net Asset Value) – Now stands for “Normal Andersen Valuation”.
EPS (Earnings per Share) – Now stands for “Eventual Prison Sentence”.

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