Accountant of the 21st Century

Read an article in the Star. It is all about the implementation of the FRS 139.
Well when all the article is worried about the accounting treatment, here I am looking at the other side of the concerns.
Accountant of the 21st century facing lots of challenges. Now with the implementation of FRS 139, what else the accountants need to worry about?
First of all accountant need to understand further on “what is financial instrument”. Whatever stated in the text book or reference books are merely books. What happen in the real financial market is ever changing. Accountant need to keep them-selves updated with that. Malaysia might not be as advanced as other countries in the development of financial instruments (which to me is a blessing under the current economic crisis) however having more in-depth understanding will help the accountant to prepare for the future challenges. For examples, do you understand what Structural Products is? Something New?
Secondly, the off balance sheet instrument, this might also be a challenge for the accountant. The basic point is how to identified, or just ask a simple question: do you know what is the “off balance item about”. This is more of the qualitative consideration rather than the quantitative consideration. Sound easy but when you come to the real life
Then here come the third consideration where you need to look for embedded derivative in a contract or even some other contract which from the surface doesn’t seem to contain a derivative. Here is the problem, are our accountant equipped with such knowledge?
Potential and future accountants do not look at the accounting standards only, look beyond the standard and have more understanding of the fundamental of the financial instrument. This is the whole new world of challenges!
Stay tune for part 2

我想要有個家

我想要有個家一個不需要華麗的地方在我疲倦的時候我會想到它我想要有個家一個不需要多大的地方在我受驚吓的時候我才不會害怕誰不會想要家可是就有人沒有它臉上流着眼淚隻能自己輕輕擦我好羨慕他受傷後可以回家而我隻能孤單地孤單地尋找我的家雖然我不曾有溫暖的家但是我一樣漸漸的長大隻要心中充滿愛就會被關懷無法埋怨誰一切隻能靠自己雖然你有家什麽也不缺爲何看不見你露出笑臉永遠都說沒有愛整天不回家相同的年紀不同的心靈讓我擁有一個家
I am always touched by the above lyrics. However Nomad like me is hard to achieve that for the time being.
What I really want and hope for?
A studio apartment that is about 800 sq feet
A good bed that can put me to a good nice sleep
A simple kitchen when I can cook some simple meal
A simple yet complete work station so that I can continue to explore
A nice book rack so that I can display all my books
A big TV so that I can watch my favorite channel
A big sofa chair so that I can be a lazy bear
A small bar so that my liquor and wine is properly displayed
A power bath
A home sweet home…………………….a permanent place to hide out

人生就是为别人而活

人生就是为别人而活
今天看电视节目时，听到这一句话 心里有所感想
为什么要为别人而活呢？
第一， 为别人而活是因为责任，那么这是高人一等的情操, 今生无悔
第二， 为别人而活是因为生存，那么这是为势所逼的现实， 情非得己
第三， 为别人而活是因为面子，那么这是多么可悲的譏磨，可耻可悲
人的一生， 一定会为别人而活， 只是原因何在?是今生无悔，情非得己， 还是可悲呢？
不要因为你为别人而活而感到伤悲， 为了责任为了生存， 有何悲呢？
2009 第一章，为别人而活