Comments by "christigoth" (@christigoth) on "Depositions Of Former Pres. Trump, Trump Jr., And Eric Trump Released During NYC Civil Fraud Trial" video.

banks must rely on professional appraisals for valuation of large holdings, one would assume. there are several ways of appraising things. so i would think trump and the bank both relied on an appraiser's statement of value. No bank is just going to take some lay person's word for value of a high value piece of real estate.
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@batsonelectronics these people might not have done those things though. An accusation is just that, not a fact. They may have relied on the data given them by those they paid to appraise or determine the information. People do not appraise thier own real estate. Corporate top execs don't do the book keeping or accounting. The employees do. Then they hand a statement to the top finance exec who should know how to read it.
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@SherryEllesson LOL the top execs don't have to know. the employees who are certified have to know. Top execs have to be able to read the statements that the certified employees produce. That's about it. If it 's your family's enterprise, you might not be as top notch as someone else would be.
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i took Financial Accounting in College, decades ago. 1990's. we didn't even use software then, and it was just to educate executives to be able to read different statements like a balance sheet. basic knowledge of accounting like, use of a ledger, etc. It isn't a prep for actually being an accountant. It's two terms, that's it. Other people- certified accountants and qualified people- produce those statements, execs just read them and make a decision for the company. I don't really remember that much either from class. I only use it a little tiny bit if i have to, and the standards can change from year to year as well. If you don't use it evry day all day, it's not that hard to forget. Especially when othrs are the ones doing the actual accounting- certified accountants etc..
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