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Showing posts from March, 2012

Jokes : Accountant, Engineers, Surgeons etc

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Accountant and Engineer An Accountant and an Engineer go on a camping trip, set up their tent, and fall asleep. Some hours later, the Engineer wakes his Accountant friend.
"Look up at the sky and tell me what you see?"
The Accountant replies, "I see millions of stars."
The Engineer asks "What does that tell you?"
The Accountant ponders for a minute:
"Astronomically speaking, it tells me that there are millions of galaxies and potentially billions of planets.
Astrologically, it tells me that Saturn is in Leo. Time wise, it appears to be approximately a quarter past three.
Theologically, it's evident the Lord is all-powerful and we are small and insignificant.
Meteorologically, it seems we will have a beautiful day tomorrow. What does it tell you?"
The Engineer friend is silent for a moment, and then speaks.
"Practically...Someone has stolen our tent".


Doctor, Chemists, Engineer Once upon a time there lived three men: a doctor, a chemist, and a…

Hi-5 Bread: A RM252 million fraud?

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- related to F8 and P7
this article is purely for educational purposes in relation to classes I conduct. All sources of information are derived from publicly available media. It is not intention of author to bring any disrepute, if any, to any parties. All opinions expressed are as it is, mere opinions. This is not to be construed as evidences for court or otherwise. 

 As an ACCA Lecturer, I enjoy work in Malaysia as it provides full of wonderful case studies of how:
 (I) Failures of companies to provide Financial Statements for Auditors to express true and fair opinion

(II) Failures of Corporate Governance and many times outright corruptions through collusions between so called “independent” watchdogs and

(III) Failures of Business strategies even though these companies are given Monopoly controls. That’s right, no competition but these Malaysian companies still failed! Examples, Tenaga Nasional, Plus Expressway, Perwaja Steel, and the latest is MAS as the only National Airlines wi…