701-710: General Discussion - Accountancy Forum Topics

Can Information On Ptcl Website Be Trusted?

Once a senior PTCL Official said the Government turned T&T into a corporation but forgot to induct corporate culture in it. It is quite true. Except for air conditioned customer service centers or reducing waiting period for a new connection what else has the nation achieved through this change of label? Nothing except high PTCL profits but by increasing tariffs. Has the staff behaviour, public dealing or efficiency increased? Answer every one of us knows well. As near the end of every financial year the nation sees mad rush of development of roads streets footpaths but in a hip hazard manners, leaving electric and phone poles in the middle of the road, only for the purpose of exhausting the unspent budget likewise there is a mad rush of computerization of government departments. It is said it is the man operating any sort of technology which matters not the technology itself. With same old faces still sitting can there be any real practical change by just putting a computer on a government servant’s table? A friend of mine a few years back posted his letters depending on the postal rates shown on the postal department’s official web site. He had to pay penalty. He approached the concerned ombudsman that he may be refunded Rs. 4/- penalty charged from his because he mailed his articles exactly as per rates contained on departmental web site. His this request was not found genuine. But my said friend still remembers that the Pakistani nation could only know what an ombudsman means when the first ever case decided by the then Federal Ombudsman Mr. Justice Sardar Iqbal came in the press. Someone complained his telegram did not reach the destination. T&T defended that complainant had agreed to its terms which included that if telegram could not be delivered department was not responsible. Mr. Justice Sardar Iqbal did not agree to this contention and ordered refund of Rs. 2.11 telegram full fee. This news item opened public eyes what an ombudsman was. Today most of the Government web sites are un-updated. The information placed on those can very often not be depended upon. For example for two months November&December 2005 the Punjab Ombudsman site displayed two separate names of Ombudsman. At one place name was that of Mr. Justice Sajid Sipra who had retired since 15 month ago and on other place name of that of existing ombudsman. Till my writing today 09 January 2005 going at PTCL Site ptcl.com.pk/officials_gms.html shows Mr. Akhtar Jameel as General Manager Phones STR-III Karachi. Same PRCL site at ptcl.com.pk/list_khi_str3_telecom.html names the same General Manager as Mr. Shamsher Ali Khan. Which one should one take as correct and on which out of two information one should take as an authenticated government information. We do not need computers. We still need old manual typewriters but with total overhauling and replacement with new faces.

Eid Mubarak

EID MUBARAK TO ALL MUSLIMS BROTHERS AND SISTERS AROUND THE WORLD . MAY GOD BLESS ALL OF us AMEEN islamabad_@hotmail.co.uk

Death Bed

Death Bed It was early in the morning at four, When death knocked upon a bedroom door, Who is there? The sleeping one cried. I'm Malakul Mawt, let me inside. At once, the man began to shiver, As one sweating in deadly fever, He shouted to his sleeping wife, Don't let him take away my life. Please go away, O Angel of Death! Leave me alone; I'm not ready yet. My family on me depends, Give me a chance, O please prepense! The angel knocked again and again, Friend! I'll take your life without a pain, This your soul Allah requires, I come not with my own desire. Bewildered, the man began to cry, O Angel I'm so afraid to die, I'll give you gold and be your slave, Don't send me to the unlit grave. Let me in, O Friend! The Angel said, Open the door; get up from your bed, If you do not allow me in, I will walk through it, like a Jinn. The man held a gun in his right hand, Ready to defy the Angel's stand. I'll point my gun, towards your head, You dare come in; I'll shoot you dead. By now the Angel was in the room, Saying, O Friend! Prepare for you doom. Foolish man, Angels never die, Put down your gun and do not sigh. Why are you afraid! Tell me O man, To die according to Allah's plan? Come smile at me, do not be grim, Be Happy to return to Him. O Angel! I bow my head in shame, I had no time to take Allah's Name. >From morning till dusk, I made my wealth, Not even caring for my health. Allah's command I never obeyed, Nor five times a day I ever prayed. A Ramadan came and a Ramadan went, But no time had I to repent. The Hajj was already FARD on me, But I would not part with my money. All charities I did ignore, Taking usury more and more. O Angel! I appeal to you, Spare my life for a year or two. The Laws of Quran I will obey, I'll begin SALAT this very day. My Fast and Hajj, I will complete, And keep away from self-conceit. I will refrain from usury, And give all my wealth to charity, We Angels do what Allah demands, We cannot go against His commands. Death is ordained for everyone, Father, mother, daughter or son. I'm afraid this moment is your last, Now be reminded, of your past, I do understand your fears, But it is now too late for tears. You lived in this world, two score and more, Never did you, your people adore. Your parents, you did not obey, Hungry beggars, you turned away. Instead of making more Muslims, You made your children non-Muslims. You ignored the Mua'dhin Adhaan, Nor did you read the Holy Quran. Breaking promises all your life, Backbiting friends, and causing strife. >From hoarded goods, great profits you made, And your poor workers, you underpaid. Horses and cards were your leisure, Moneymaking was your pleasure. You ate vitamins and grew more fat, With the very sick, you never sat. A pint of blood you never gave, Which could a little baby save? O Human, you have done enough wrong, You bought good properties for a song. When the farmers appealed to you, You did not have mercy, tis true. Paradise for you? I cannot tell, Undoubtedly you will dwell in hell. There is no time for you to repent, I'll take your soul for which I am sent. The ending however, is very sad, Eventually the man became mad With a cry, he jumped out of bed, And suddenly, he fell down dead. O Reader! Take moral from here, You never know, your end may be near Change your living and make amends For heaven, on your deeds depends. If this poem inspires you, It can help someone too. ____________ At least take sometime, and do not make it ban And send it to as many people as u can. What do you have for your END? Take Care with: The END The End

Training Model On Working Capital

I have created a student training excel file which examines and the difference that sales trends makes on cashflow: In the scenario the company has the same profit in 2 separate months but has considerably better cash flow from the month where the company is on a declining trend in sales (due to divestment in working capital). The model proves this back by using good old T accounts Free for anyone to use, hope it helps: http://www.gaapworld.com/modules.php?op=modload&name=Downloads&file=index&req=viewdownload&cid=2 Helping accountants to find answers www.gaapworld.com

Poetry

AOA, Hi.. h r all of u...i am setting a new Topic...and i want ur contribution ...i hope u all will particiate in this topic...ok i will wait for ur reply n start from the last word ok!!! Mujhay apnay zabt per naaz tha Sar-e-bazm raat yeh kia hua Meri aankh kaisay chalak gai Mujhay dukh tha yeh bura hua So the next word is "A" Allah Hafiz Takee care n Remember Me In Ur Prayers. Topic " NOthing in this world can compansate for the loss of self-respect,nobleness of mind and self-honour "

2.5 - Financial Reporting - Revenue Recognition

Hi Everyone, I'm from Singapore and my lecturer give me this question to try out at home. But I am not sure the approach to it. Can anyone help me? Thanks! The question goes like this :- A manufacturer of motorcycles, Riley Ltd (RL), supplies motorcycles to a dealer, Autocycle Trading Pte Ltd(ATPL) on the following terms: 1. ATPL is responsible for insuring the motorcycles on display in the showroom 2. When a motorcycle is sold to a customer, ATPL has to pay RL the factory price of the motorcycle when it was first supplied. 3. ATPL can only return the motorcycles to RL on the payment of the fixed penalty charge of 10% of the cost of motorcycle. 4. ATPL has to pay the factory price for the motorcycles if they remain unsold within a four month period 5. RL cannot demain the return of the motorcycles from ATPL. a) Identify the possible points of revenue recognition concerning motorcycle sales in RL's case. What is the most appropriate point to recognize revenue? b) Discuss the reasoning for your answer.

Months Of Birth

JANUARY: Stubborn and hard-hearted Ambitious and serious. Loves to teach and be taught. Always looking at people's flaws and weaknesses. Likes to criticize. Hardworking and productive. Smart, neat and organized. Sensitive and has deep thoughts. Knows how to make others happy. Quiet unless excited or tensed. Rather reserved. Highly attentive. Resistant to illnesses but prone to colds. Romantic but has difficulties expressing love. Loves children. Loyal. Has great social abilities yet easily jealous. Very Stubborn and money cautious. Always her self. Sexy/ hot/ cute/ everything. ______________________________________ _________ FEBRUARY : Abstract thoughts. Loves reality and abstract. Intelligent and clever. Changing personality. Attractive. Temperamental. Quiet, shy and humble. Honest and loyal. Determined to reach goals. Loves freedom. Rebellious when restricted. Loves aggressiveness. Too sensitive and easily hurt. Gets angry really easily but does not show it. Dislike unnecessary things. Loves making friends but rarely shows it. Daring and stubborn. Ambitious. Realizing dreams and hopes. Sharp. Loves entertainment and leisure. Romantic on the inside not outside. Superstitious and ludicrous. Spendthrift. Tries to learn to show emotions. _________________________________ MARCH: Attractive personality. Sexy. Affectionate. Shy and reserved. Secretive. Naturally honest, generous and sympathetic. Loves peace and serenity. Sensitive to others. Loves to serve others. Easily angered. Trustworthy. Appreciative and returns kindness. Observant and assesses others. Revengeful. Loves to dream and fantasize. Loves traveling. Loves attention. Hasty decisions in choosing partners. Loves home decors. Musically talented. Loves special things. Moody. _________________________________ APRIL: Active and dynamic. Decisive and haste but tends to regret. Attractive and affectionate to oneself. Strong mentality. Loves attention. Diplomatic. Consoling, friendly and solves people's problems. Brave and fearless. Adventurous. Loving and caring. Suave and generous. Emotional. Aggressive. Hasty. Good memory. Moving Motivates oneself and others. Sickness usually of the head and chest. Sexy in a way that only their lover can see. _________________________________ MAY: Stubborn and hard-hearted. Strong-willed and highly motivated. Sharp thoughts. Easily angered. Attracts others and loves attention. Deep feelings. Sexy. Beautiful physically and mentally. Firm Standpoint. Needs no motivation. Easily consoled. Systematic (left brain). Loves to dream. Strong clairvoyance. Understanding. Sickness usually in the ear and neck. Good imagination. Good physical. Weak breathing. Loves literature and the arts. Loves traveling. Dislike being at home. Restless. Having more than one child. Hardworking. High spirited. Spendthrift. _________________________________ JUNE: Thinks far with vision. Easily influenced by kindness. Polite and soft-spoken. Having lots of ideas. Sensitive. Active mind. Hesitating, tends to delay. Choosy and always wants the best. Temperamental. Funny and humorous. Loves to joke. Good debating skills. Talkative. Daydreamer. Friendly. Knows how to make friends. Abiding. Able to show character. Easily hurt. Prone to getting colds. Loves to dress up. Easily bored. Fussy. Seldom shows emotions. Takes time to recover when hurt. Brand conscious. Executive. Stubborn. _________________________________ JULY: ? Fun to be with. Secretive. Difficult to fathom and to be understood. Quiet unless excited or tensed. Takes pride in oneself. Has reputation. Easily consoled. Honest. Concerned about people's feelings. Tactful. Friendly. Approachable. Emotional temperamental and unpredictable. Short Tempered. Moody and easily hurt. Witty and sparkly. Not revengeful. Forgiving but never forgets. Dislikes nonsensical and unnecessary things. Guides others physically and mentally. Sensitive and forms impressions carefully. Caring and loving. Treats others equally. Strong sense of sympathy. Wary and sharp. Judges people through observations. Hardworking. No difficulties in studying. Loves to be alone. Always broods about the past and the old friends. Likes to be quiet. Home Body. Waits for friends. Never looks for friends. Not aggressive unless provoked. Prone to having stomach and dieting problems. Loves to be loved. Easily hurt but takes long to recover. _________________________________ AUGUST: Loves to joke. Attractive. Suave and caring. Brave and fearless. Firm and has leadership qualities. Knows how to console others. Too generous but egotistic. Takes high pride of oneself. Thirsty for praises. Extraordinary spirit. Easily angered. Angry when provoked. Easily jealous. Observant. Careful and cautious. Thinks quickly. Independent thoughts. Loves to lead . Loves to dream. Talented in the arts, music and defense. Sensitive but not petty. Poor resistance against illnesses. Learns to relax. Hasty and trusty. Romantic. Loving and caring. Loves to make friends . _________________________________ SEPTEMBER: Suave and compromising. Careful, cautious and organized. Likes to point out people's mistakes. Likes to criticize. Stubborn. Quiet but able to talk well. Calm and cool. Kind and sympathetic. Concerned and detailed. Loyal but not always honest. Does work well. Very confident. Sensitive. Thinking generous. Good memory. Clever and knowledgeable. Loves to look for information. Must control oneself when criticizing. Able to motivate oneself. Understanding. Fun to be around. Secretive. Loves sports, leisure and traveling. Hardly shows emotions. Tends to bottle up feelings. Very choosy, especially in relationships. Systematic. _________________________________ OCTOBER: Loves to chat. Loves those who loves them. Loves to takes things at the center. ? Inner and physical beauty. ? Loyal and true in Love. Gets angry often. Treats friends importantly. Always making friends. Easily hurt but recovers easily. Daydreamer. Opinionated. Does not care of what others think. Emotional. Decisive. Strong clairvoyance. Loves to travel, the arts and literature. Touchy and easily jealous. Concerned. Loves outdoors. Just and fair. Spendthrift. Easily influenced. Easily loses confidence. Loves children. _________________________________ NOVEMBER: Has a lot of ideas. Difficult to fathom. Thinks forward. Unique and brilliant. Extraordinary ideas. Sharp thinking. Fine and strong clairvoyance. Can become good doctors. Dynamic in personality. Secretive. Inquisitive. Knows how to dig secrets. Always thinking. Less talkative but amiable. Brave and generous. Patient. Stubborn and hard-hearted. If there is a will, there is a way. Determined. Never give up. Hardly becomes angry unless provoked. Loves to be alone. Thinks differently from others. Sharp-minded. Motivates oneself. Does not appreciates praises. High-spirited. Well-built and tough. Deep love and emotions. Romantic. Uncertain in relationships. ? Hardworking. High abilities. Trustworthy. Honest and keeps secrets. Not able to control emotions. Unpredictable _________________________ ________ DECEMBER: Loyal and generous. Sexy. Patriotic. Active in games and interactions. Impatient and hasty. Ambitious. Influential in organizations. Fun to be with. Loves to socialize. Loves to Party. Loves praises. Loves attention. Loves to be loved. Honest and trustworthy. Not pretending. Short tempered. Changing personality. Not egoistic. Take high pride in oneself. Hates restrictions. Loves to joke. Good sense of humor. *A careful study of economics usually reveals that the best time to buy anything is last year *Opportunist- a person who starts taking bath if he accidentally falls into a river *Atom Bomb is an invention to end all inventions islamabad_@hotmail.co.uk

Tell Me What I Do

Dears, I am a studend of B.Com AIOU Pakistan.And after my completion what i do .I am also interestd in ACCA and&also IN CA.But confused.Tell me which of these better for me.and what salary package is given after that cources in pakistan and internationaly.also tell me about CA inter or part one and also Article ship.And what is duration of completion of Ca after ACCA.and also training period.And also tell me exact duration of ACCA 1 or 2 or 3 years.Also expenses tell me and goog institution that if i admissioned there so i never want to take extra tution from other anybody.i found CA subjects Eassy but with hardwork and ACCA subjects are little tough and they are also inter nationaly recognized. From, Muhammad Saud.

Shaitan 's Meeting

SHAiTAN'S MEETING: (Read even if you're busy) Satan called a worldwide convention of demons. In his opening address he said, "We can't keep Muslims from going to Mosque." "We can't keep them from reading their Quran and knowing the truth." "We can't even keep them from forming an intimate relationship with their Allah and his messenger Muhammad." "Once they gain that connection with Allah, our power over them is broken." "So let them go to their Mosques; let them have their covered dish dinners, BUT steal their time, so they don't have time to develop a relationship with Allah and his messnger Muhammad." "This is what I want you to do," said the devil: "Distract them from gaining hold of their Allah and maintaining that vital connection throughout their day!" "How shall we do this?" his demons shouted. "Keep them busy in the non-essentials of life and invent innumerable schemes to occupy their minds," he answered. "Tempt them to spend, spend, spend, and borrow, borrow, borrow." "Persuade the wives to go to work for long hours and the husbands to work 6-7 days each week, 10-12 hours a day, so they can afford their empty lifestyles." "Keep them from spending time with their children." "As their families fragment, soon, their homes will offer no escape from the pressures of work!" "Over-stimulate their minds so that they cannot hear that still, small voice." "Entice them to play the radio or cassette player whenever they drive." "To keep the TV, VCR, CDs and their PCs going constantly in their home and see to it that every store and restaurant in the world plays music constantly." "This will jam their minds and break that union with Allah and his messenger Muhammad." "Fill the coffee tables with magazines and newspapers." "Pound their minds with the news 24 hours a day." "Invade their driving moments with billboards." "Flood their mailboxes with junk mail, mail order catalogs, sweepstakes, and every kind of newsletter and promotional offering free products, services and false hopes." "Keep skinny, beautiful models on the magazines and TV so their husbands will believe that outward beauty is what's important, and they'll become dissatisfied with their wives. " "Keep the wives too tired to love their husbands at night." Give them headaches too! "If they don't give their husbands the love they need, they will begin to look elsewhere." "That will fragment their families quickly!" "Give them story books to distract them from teaching their children the real meaning of Salat." "Keep them too busy to go out in nature and reflect on Allah's creation. Send them to amusement parks, sporting events, plays, concerts, and movies instead. "Keep them busy, busy, busy!" "And when they meet for spiritual fellowship, involve them in gossip and small talk so that they leave with troubled consciences." "Crowd their lives with so many good causes they have no time to seek power from Allah." "Soon they will be working in their own strength, sacrificing their health and family for the good of the cause." "It will work!" "It will work!" It was quite a plan! The demons went eagerly to their assignments causing Muslims everywhere to get busier and more rushed, going here and there. Having little time for their Allah or their families. Having no time to tell others about the power of Allah and his messenger Muhammad to change lives. I guess the question is, has the devil been successful in his schemes? You be the judge!!!!! Does "BUSY" mean: B-eing U-nder S-atan's Y-oke? Jis qadar bhalai karsaktay ho karo.. Jitni ziada karsaktay ho karo.. Jitno say karsaktay hay karo..Aur Jub tuk karsaktay ho karo..

Attempt All Questions:

THE ACCOUNTANTS OF ACCOUNTANCY FORUM OF PAKISTAN------------MAX MARKS 50 PAPER CHARTERED ACCOUNTING - BASICS------------------------TIME ALLOWED 15 MIN JANUARY 19, 2006 ____________________________________________________________________________ Q 1. Who are the bad affectees of ICAP? Examinees/Students, Parents, Teachers/Tutors/RAETs, Well-Wishers, anyother else or ICAP itself? (M-15) Q 2. What do you think that which is or which should be the most happiest moment for all persons related to chartered accountancy profession (e.g; Fresh Entrants in CA, Mid-Stream Chartered Accountants, CA-Finalists, CA-Qualifieds/ACAs/FCAs)? (M-15) Q 3. Which is the most common/serious reason of failures in ICAP examinations? Poor Exam Preparation Techniques, Lack of Adequate Knowledge/Practice, Poor Coaching Facilities, Rough Paper Attempting Techniques, Rote Learning or whatever? (M-20) GOOD LUCK «·´`·.(*·.¸(`·.¸ ¸.·´)¸.·*).·´`·» «.......... A D N A N ...............» «·´`·.(¸.·*(¸.·´ `·.¸)*·.¸).·´`·» madnan_arshad@hotmail.com