04-14-2005, 11:35 PM
So! many people like it as response came "interesting".
No doubt that its interesting
Finding missing items
Budget "forcasting"
Recovering lost data in factory fire
50% times I find myself a "NAJOOMI" figering out future happenings
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The point for which I called it "strange" was its difference from financial accounting. I worked out more on it and came to know that in past (even near past), there was no proper system for cost accountig. Amaricans founded some institute for that in I think 70s or what, but rules they followed were based on statements rather then DR/CR. Let me tell you that they even deal whith financial accounting in statement or +/- form (i.e. income statemt or bank statement).
Statement form was actually developed to present data to general public (i.e. Accountant creates P&L A/C and in annual report publishes Income Statement, Balance Sheet is also published in statement form from top to bottom rather then columner form, while we know that when it is created its in form of columns)
The truth is I never liked statement form for students because it hides real effects "like why we are adding an item in an item". In case of DR/CR student don't use rata, instead he knows how to deal with an item.
In case of cost accounting some time there is no, even in back ground, role of DR/CR. We just add or less. Without knowing why. You can't expect students to research by themselves and there is no teacher in Pakistan who tells why he has added or minesed an item.
Our teachers say "remember the question along with answer like theory and every thing is going to be ok".
If in CA - ACCA teachers do same then I think I should bibi my studies and do something else.
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```*``` I love stars;
*`*`*`* Shining;
`*`*`*` and Smiling;
*`````* Always.
------------------------
Shahid_fss@yahoo.com
http//www.shahid-fss.tk
========================
No doubt that its interesting
Finding missing items
Budget "forcasting"
Recovering lost data in factory fire
50% times I find myself a "NAJOOMI" figering out future happenings
======================================================================
The point for which I called it "strange" was its difference from financial accounting. I worked out more on it and came to know that in past (even near past), there was no proper system for cost accountig. Amaricans founded some institute for that in I think 70s or what, but rules they followed were based on statements rather then DR/CR. Let me tell you that they even deal whith financial accounting in statement or +/- form (i.e. income statemt or bank statement).
Statement form was actually developed to present data to general public (i.e. Accountant creates P&L A/C and in annual report publishes Income Statement, Balance Sheet is also published in statement form from top to bottom rather then columner form, while we know that when it is created its in form of columns)
The truth is I never liked statement form for students because it hides real effects "like why we are adding an item in an item". In case of DR/CR student don't use rata, instead he knows how to deal with an item.
In case of cost accounting some time there is no, even in back ground, role of DR/CR. We just add or less. Without knowing why. You can't expect students to research by themselves and there is no teacher in Pakistan who tells why he has added or minesed an item.
Our teachers say "remember the question along with answer like theory and every thing is going to be ok".
If in CA - ACCA teachers do same then I think I should bibi my studies and do something else.
========================
```*``` I love stars;
*`*`*`* Shining;
`*`*`*` and Smiling;
*`````* Always.
------------------------
Shahid_fss@yahoo.com
http//www.shahid-fss.tk
========================