PAS 143

I wrote this over a couple of years ago with my good friend Gab over a couple of years ago. enjoy! HAHA.

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this is what happens over YM when there is nothing else left to do because it's sembreak.

m y l a aquino: gab, have you heard of PAS 1,245?
gion galang: wth is pas 1245?
m y l a aquino: PAS 1,245: acctg paraphernalia when within 50 ft of any individual during the term collectively known as the 'sembreak' do not bring any inflow of benefits, social or economic.Hence, people who choose otherwise must be thrust into sticks and burned alive.
m y l a aquino: sabi ni Paul, void raw yang ginagawa mo kahit may consent.

natuwa kami. yan tuloy.

gion galang: PAS 143: Nature and Presentation of Love
 Par 1. Definition. Love is 1 Cor 13: 4-7 of the Bible.
 Par 2. Recognition. (insert suggestions here)
 Love is presented as a current asset, except in extreme cases when you turn emo and an outflow of benefits is reasonably foreseen and you feel the hurt so much yet there is substantial reason to continue its recognition in the records, it shall be classified as a non-current liability.
Par 3. A love liability can revert to a love asset if and only if it is virtually certain that the lovee will return the favor of love to the lover.

ngayon ko lang nakita yung insert suggestion here. haha. eto:

Recognition:
Love will be recognized in the books of the lover over time as the object of the emotional inflow passes from being a remote quote unquote 'liability' until the lover (as forecasted) acquires real rights to the object. Hence, as the object is not yet fully recognized as an intangible asset, board resolutions and changes in estimates will and should be duly noted in the books through the use of memorandum entries.

moving on.

gion galang: Par 4. Hence, the lovee is the party to which love is given, and the lover is the party giving the object.
m y l a aquino: Although on unforeseen circumstances when love cannot be reciprocated and hence no inflow of ANY THING whatsoever is possible, even if the event is certain, no disclosure is needed in the notes to the financial statements for it impairs the goodwill of the lover.

dahil alas kwatro na ng umaga at sira ang ym at wala akong magawa, susundan ko na lang.

Entries for these types of transactions are recorded mostly through the use of memorandum entries although the convenience and accuracy that journal entries bring should not be discounted. These could also be used,thus keeping the principle of substance over form prevalent.

Memorandum entries are not limited to favorable outcomes of board resolutions for it should also reflect those which do not parallel the true intentions of the lover. In accordance with PAS 143 Par 1, the lovee is also subjected to the effects that hope,trust and perseverance might bring forth to the circumstances. Hence, these must be reflected in the records.However also in accordance with same paragraph that states " It is not rude, it is not self-seeking, it is not easily angered, it keeps no record of wrongs.", a line is drawn between subjectivity and that which must be recorded for future referrals and for adjusting at year end of the operating cycle. Events which would logically impair the goodwill of the lover are not considered. Faults on the side of the lover are immediately recognized as a change of estimate and therefore be provided for with journal entries. On the other hand, faults on the side of the beloved(lovee) are not provided for, unless it may seem illogical to do so.

To illustrate, assume that ABC enters into a love transaction with DEF. Assume further that it has been a one way transaction for a substantial number of accounting periods. As such, faults of either parties have been duly recognized in the books.

Example 1: fault on the side of the lover

Memo: I got irritated today. Ano bang papel ko talaga, tiga bigay ng leakage o TIGA BIGAY NG LEAKAGE?! pucha, sawang sawa na ko.
pero ewan ko, kaya pa siguro.

Compensation Expense   xxx
                           Patience   xxx

Example 2: fault on the side of the beloved (lovee)

DEF has been ignoring ABC for no apparent reason whatsoever and it has been going on for an uncomfortable length of time. Compensation expense still has a substantial amount on debit balance. Hence,

        --- no entry ---

Even if s/he has been trashing your life, has been a jerk/ette, has been using you and the like, if the compensation expense still has a debit balance, there will be no recording of any thing whatsoever.

Example 3: fault on the side of the beloved (lovee)

If the fault of the lover brings forth effects that exceed the boundaries of the lover in such a way that it can no longer be compensated for with the current standards, PAS 143 par 1 obligates the lover to recalculate and provide for a change in estimate provided that the compensation expense has been fully exhausted by previously charging an amount that equals to that previously recorded against patience, trust, ego and effort accounts.

In these types of situations, the future amount forecasted to be needed will be divided by the number of periods forcasted to lapse before the compensation expense will be credited yet again.

And this brings us to the end of PAS 143.

It should be noted, for obvious reasons, that PAS 143 is dealt with utmost subjectivity, as opposed to other theories of accounts that are framed with objectivity and accuracy as its primary concern.

One step at a time.

Today wasn't that hectic at the office, I had enough time to breathe in between.

For lunch, I really wanted to eat congee so we walked all the way to Rufino to hopefully get it from Chowking. Apparently they only serve it for breakfast now so bleh. I got chao fan, siomai and kangkong instead. I didn't finish the chao fan coz I got surprised it was that many.

Then, work, work, work until the clock struck 6:00 pm.

I was so eager to go home and have my first decent sleep in weeks when Kate and Carlo nagged me to go with them to Cash and Carry. Carlo wanted to buy Fred Perry overruns and Kate was hungry. So we all trooped there in Carlo's car around 7:30 pm which was kinda late already coz the mall closes at 9:00 pm. So we ate dinner at Luk Yuen instead.

Carlo drives an old Ford Lynx (and another black car that I don't know the model type of) which to me is one of the best cars in the world not because it's a Ford but because its old. I like the feeling of being in old cars (provided it runs nicely like his does) coz it feels homey and comfortable and snuggly and for some reason it makes me feel like I can freely say what's on my mind and not feel constricted. I know, I'm weird like that.

During dinner and on the way home, Carlo kept us entertained by telling us stories from his childhood. I obviously can't divulge, but they are eternally amusing. Everyone should hear his stories out. Hahaha.

All plans of a decent sleep tonight fade away when I realize its already 11:30pm and I'm blogging while watching History Channel's "Ancients Behaving Badly" about Nero, the greek emperor who went cray over power.

So, maybe I'll get my sleep tomorrow then.


Sent from my BlackBerry® wireless handheld

jargon, anyone?

It's kind of an ass of an idea when I think about it, but I feel like blogging a la word vomit.

before I do Day 2 of the photo-blog thingy. That's a tad bit too late. har har.

Anyway.

It's not that I'm sad or anything. I just, probably, need someone who I can talk to about the weirdest of things and still feel like its one of the most awesome conversations I've had with that person.

I've this visual in my head about laying on someone's lap while they play with my hair and I'm just continuously asking question after question and they have all the answers. Not right ones, but answers all the same. And we're listening to Coldplay as the scene goes.

And oh, Coldplay. I'm planning to save enough money to go buy meself a ticket to their nearest concert destination. And watch them play up close. And I plan to cry my heart out when they sing "Fix You" and fill my heart with bliss as they jam to "God Put A Smile Upon Your Face." Srsly. And I don't plan to watch any other concert. Just save my money for Colplay. Just Coldplay.

Work... is all what I'm about today. Don't get me wrong, I actually like my job. Apart from the fact that I'm grateful I have one, I wasn't aware then that I would be enjoying it a lot despite the fact that it's the poster job for what is considered stressful by lots of people.

But a significant other entering the picture wouldn't be so bad at this moment.

I was with a few friends earlier and they were talking about significant people in their lives. One had this suitor that didn't really interest her so it seems that one other friend was tryna get in the picture, one has had this boy in forever (forever in a cute way) and one had this boy who she talks to in the morning and at night but not so much in between and I figured that a few years ago, I was the one who had those things. I was the one who had all the kwentos about stupid little kilig moments and now, I'm the one who gets to listen. Not that it's so bad, I like listening to people's stories.

It's just probably that I want a kwento of my own. akekeke.

Probably I've a lot of things to learn muna before Jess' gives me one of those again.

Coz coz coz I just know in the deepest recesses of my heart that I will get married someday. And will have awesome kids of my own. So this time that seems to me like I'm meant to be "forever alone" is just a really long bump in the road before I get to Mr. Awesome's senses.

So probably the best thing to do is to enjoy every minute of what's left of my singlehood, then, ey?

Let's do this. :)

Day 1: A photo that makes you happy

This photo was taken at Vigan during a stop-over on our way to Curimao, Ilocos Norte for the NFJPIA Annual Convention. That's me on far left then Toby, Franz, Nestor and Bea. This picture always makes me happy coz it takes me back to a time when I didn't have anything to worry about and I felt completely carefree.

:)

30 day blog challenge

Found this in Trixie's blog. Thought I might give it a try.

Day 1 A photo that makes you happy
Day 2 20 of my favorite things
Day 3 A photo taken over 10 years ago of you
Day 4 Something you are OCD about
Day 5 Your dream house
Day 6 A song that makes you cry (or nearly)
Day 7 My worst habit
Day 8 What’s in my handbag/purse
Day 9 Hopes, dreams and plans for the next 365 days
Day 10 A dream for the future
Day 11 Who can’t you live without?
Day 12 If you could wish for anything that would come true, what would you wish for?
Day 13 Have you ever had your heart broken? Have you ever broken a heart?
Day 14 What do you like most about yourself?
Day 15 What do you dislike most about yourself?
Day 16 What do people notice about you?
Day 17 What’s something you wish you could say to someone?
Day 18 Whom do you admire the most?
Day 19 What is your goal in life?
Day 20 What are the 10 most significant events in your life?
Day 21 If you died tomorrow, what’s one thing you’d regret not doing?
Day 22 What’s an inside joke you have with someone?
Day 23 Two months ago, where were you and what were you doing?
Day 24 Do you have saved text messages? If so, who are they from and why do you still have them?
Day 25 Write 5 messages to 5 different people without using names.
Day 26 What’s something you’re really excited for?
Day 27 What do you feel guilty for doing?
Day 28 Tattoos. If you have one, post it and its story. If not, what do you want?
Day 29 Picture of your makeup collection
Day 30 When were the happiest days of your life?



"I cannot promise that I can do the challenge/post on a daily basis (on some days I might have to insert blog entries), but I will TRY my best to finish this in 30 days!"



--- yup, what she said. :D

dinner with the lovers

Last September 12, I went out to dinner with the lovers Lj and Iel.



That day wasn't an extremely busy day at work so I had a few minutes to check out places where we could eat in GB3 of Glorietta. I knew all Lj ever wanted to eat was blue marlin (and he has no problems whatsoever in demanding it) so I was looking for places that served good seafood but was within my budget. Soooo, thank God for Gerry's grill.

This dinner is quite overdue actually and falls short of what this pair has done for me.

I was due to take the CPA board exams last May 2011. Even if that was the case, I was juggling finishing my last few units in college, review classes for the boards and debate competitions on the side. During the last few weeks before the boards, when everybody left each other to feed themselves accounting, business law and taxation jargon, they patiently took the time to go to the UST area from Makati just to help me get through what I needed to get over for the seven gruelling exams towards my license. We'd meet at around 9pm and finish around 11 to 1am. Lj, who placed 4th during the Oct 2010 CPA board exams, even gave up a couple of weekends just so we could tackle everything at the last minute. I do not understand where they get their patience and perseverance to help someone like me who brought all these circumstances unto herself. Haha. But they pulled through. :) and if it weren't for them, I know I wouldn't have passed the boards. Now I join them as part of the working class getting paid by top caliber auditing firms situated in the Makati CBD.

haggardo versoza with ze lady love :)



With Lj. I wasn't joking when he said all he wanted to eat was blue marlin. The liempo was just an extra order para di kami mukhang kawawa.


It was a fun night with extra fun and special friends. We wanted to watch a movie after dinner but due to the fact that I live far away in Lala land, the plan went kaput and we just headed home.

I know that helping me with the boards and treating them to dinner is just the start of an awesome friendship with these two. They will forever be one of my favorite couples as I've seen how things have tried to twist and turn them and yet they've emerged better, stronger and with their hands clasped to one another. I can only wish them happiness and more love for years to come. :)

breathing time.

After weeks and weeks of being busy, I finally have time to sit down and write on my blog. I've been trying to post snippets here and there of how I am just to try to put into words what on earth has been happening to me.

Anyway, I think I'll start by posting entries of past events I said I'll blog but didn't have time for. soooo, wait for my next entry/ies :)