Sunday, September 14, 2008
Forwarded Email: Motivation Words for U & Me
Posted by HLK at 11:09 PM 3 comments
Labels: Forwarded Email
Wednesday, September 3, 2008
Job Interview
A businessman was interviewing applicants for the position of Divisional Manager. He devised a simple test to select the most suitable person for the job. He asked each applicant the question, “What is two and two”?
The first interviewee was a journalist. His answer was “twenty-two.”
The second applicant was an engineer. He pulled out a calculator and showed the answer to be between 3.999999 and 4.000001.
The next person was a lawyer. He stated that in the case of Jenkins vs. Commr of Stamp Duties (Qld), two and two was proven to be four.
The last applicant was an accountant. The business man asked him, “How much is two and two?” The accountant got up from his chair, went over to the door, closed it then came back and sat down. He leaned across the desk and said in a low voice, “How much do you want it to be?” He got the job.
Posted by HLK at 8:58 PM 2 comments
Labels: Jokes
Monday, September 1, 2008
Present Value and Future Value
First we have "carrying value", which is the value of an asset stated on the company's balance sheet. This is followed by many more; "fair value", "market value", "current value", "present value", "future value", etc. There might be more because I could not recall all of them right now.
Out of these "value" family members, what confuses me most is "present value" and "future value". Having little background knowledge in investment terms, these two words sometimes confuse me.
Luckily this article, "Understanding the time value of money" from investopedia.com clearly explains the meaning and the use of these two words. So if you are someone like me who has no knowledge of these basic things, read the above article here and you will see light at the end of it.
Posted by HLK at 1:04 AM 0 comments
Labels: ACCA
Saturday, August 30, 2008
If you are studying ACCA F5, ...
You can compare the passing rates of F5 with other papers in the following table.
There are a few things I would like to highlight if you are going to attempt F5 in this coming exam.
First of all, the thorough understanding of the topics under the syllabus is critical. In addition to textbooks and exam kits, you may read through online articles published on Student Accountant. For your reference, I list them down in the following.
- Costing basics for the 21st century
- Just-in-time operations and backflush accounting
- The ABC of overheads
- Relevant costs for decisions
- Relevant costs for decisions Part 2: identifying relevant costs
- Beyond Budgeting
- Variance analysis
- Variance analysis - part 1
- Standard costs - an effective tool for business?
- Standard costing and fixed and flexed budgets
- Performance Management
- The balance scorecard
Posted by HLK at 7:46 AM 1 comments
Labels: ACCA
Thursday, August 28, 2008
Blog Intro
The first is focused on accounting and ACCA related stuff. I came across this site while making a Google search about some ACCA topics.
The second is mainly on Insurance, finance and current affairs in Singapore. The blog owner is a retiree from NTUC Income who completed 30 years as a Chief Executive.
Good Day
Posted by HLK at 9:10 AM 0 comments