Purpose of Financial Statements

According to paragraph 7 IAS 1, Presentation of Financial Statements,

The objective of general purpose financial statements is to provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions.

Yeah, that’s right, it should be useful to a “wide range of users in making economic decisions”, and not to “an auditor in forming an audit opinion”.

You don’t make the financial statements a working paper to document your understanding of the business. Sometimes it pays when you just stick to practicality.

I hope I made myself clear.

World’s Oldest Camera Selling for $800K

What is the probability that I can sell my Canon EOS 30D for just even near that US$ 800,000 mark? Read the news here (Update: Sorry no more news in Yahoo! News).

Nah, maybe I should wait for 168 years first before selling…

The camera, which was found in an attic in Germany by a professor, is made of soft wood and weighs between 11 and 13 pounds, WestLicht director Peter Coeln told Austrian radio. He said it was likely to have been built before August 1839.

Canon EOS 30D

Qatar Bowling Center

Qatar Bowling Center

More pictures coming up soon!

You Are Not Stallone

slygym.jpgIt seems like Sylvester Stallone is reviving all of his big time movies from the past. At the age of 60, Stallone just simply refused to grow old.

After Rocky Balboa hit the movie world in late 2006, another movie is coming up, entitled…. you guessed it right, it’s “John Rambo”!

A spoiler by IMDB:

Vietnam veteran John Rambo (Sylvester Stallone) has survived many harrowing ordeals in his lifetime and has since withdrawn into a simple and secluded existence in Bangkok, where he spends his time salvaging old PT boats and tanks for scrap metal. Even though he is looking to avoid trouble, trouble has a way of finding him. A group of Christian human rights missionaries, led by Michael Burnett and Sarah Miller, approach Rambo with the desire to rent his boat to travel up the river to Burma. Continue reading.

The trailer of the movie in youtube:

A Gift in My Inbox

Guess what I got from my inbox today:

Hi jotuvillo!

wjusto21 has just purchased a Flickr Pro Account for you!

Your new Pro Account is set to expire on 25th May, 2009.
(You don’t have to do anything to activate your Pro
Account. It’s all automatic.)

Having a Flickr Pro Account means you get unlimited storage
and uploads all the time. You can also make as many sets as
you want.

A two-year pro account in flickr! Thanks to Wilson for that wonderful birthday present! You really are a great friend! hehe

At least, that would also put my dilemma in choosing a photo gallery, between gallery2 or a flickr pro account, to a stop, just like Ajay who’ve been into the same situation before.

Now, my problem is, how can I find time to organize my photos in my laptop and upload them all to my flickr account. Such a big problem, eh!

Nevermind, just visit my flickr photos for updates.

Copyright © Deuts.NET
Accounting the Cyber World

Built on Notes Blog Core
Powered by WordPress