Consolidated Revenue
Small <$25 Million> Large
Consolidated Assets
Small <$12.5Million> Large
Employees
Small <50> Large
Showing posts with label Accounting. Show all posts
Showing posts with label Accounting. Show all posts
Small vs Large Proprietary Company
Are you a small or large proprietary company? You need to satisfy at least two of the following:
Lunch Experiment
I have discussed in the past my love afair with lunch. Today in the spirit of the change experiment we embark on a bold new wave of absurd spreadsheets to minutely anaylise the best way to have lunch. Some questions that I would like answered (If you have any questions send them in).
I have in the past pack my lunch either in the morning or the night before and taken it to work. This has resulted in soggy bread which is unacceptable to a sandwich conosiuer such as my self. You can seperate the tomato and wrap the bread loosely, but none of these solutions come close to a freshly made sandwich.
Occasionaly I go home for lunch, but since this takes up 30 mins out of my lunch break in driving its becoming increasingly obvious that its too expensive in time and money (petrol) to continue.
So I am now going to bring the ingredients into work and make it at the time of eating. I hypothosise it will cost more initialy because of the cheese and margarine.
Today I got some ingredients at a cost of $20.48, which is a bit on the high side for a sandwich, however the only thing I will need tomorrow is a roll ($0.45) and margarine ($5+). I will average it out over the next few weeks, it also included cake.
The Spreadsheet
- Will I save money if I pack my Lunch
- What are the time savings of eating out
- Will I feel like a dork if I make my lunch at work
- Nutritional/value for money
- Health benefits
- Best way to pack lunch
- Am I able to eat something other than sandwiches for lunch
I have in the past pack my lunch either in the morning or the night before and taken it to work. This has resulted in soggy bread which is unacceptable to a sandwich conosiuer such as my self. You can seperate the tomato and wrap the bread loosely, but none of these solutions come close to a freshly made sandwich.
Occasionaly I go home for lunch, but since this takes up 30 mins out of my lunch break in driving its becoming increasingly obvious that its too expensive in time and money (petrol) to continue.
So I am now going to bring the ingredients into work and make it at the time of eating. I hypothosise it will cost more initialy because of the cheese and margarine.
Today I got some ingredients at a cost of $20.48, which is a bit on the high side for a sandwich, however the only thing I will need tomorrow is a roll ($0.45) and margarine ($5+). I will average it out over the next few weeks, it also included cake.
The Spreadsheet
New Books
Got my books from the CPA today, still trying to find space for my old books... everything is just lying on the ground atm. Should be a good semester, I have decided to do 2 subjects so I can finish early. But will probably end up failing.
Tax needs to be broken up into different sections, and because I am learning and there always seems to be new developments etc I think we should create a folder for each section. Tying them all together after might become a bit of a chore, but the fact is I do not understand it yet. Also need to create cheat sheets/summaries of each area, then create a master summary. This seems to be the best way forward in terms of having a deep understanding and a reference guide to use in a practical sense for work or an exam. The other problem is the convergence of topics and some duplication (Tax planning and taxation of business entities). This could cause confusion, but as long as its increases my understanding I see this as only a minor problem.
I’m going to buy 20 folders, not sure where I will house all of this, could just leave them at work, which probably makes sense since I will be doing most of my printing there. I can fit 10 folders on a shelf so 2 shelfs for tax seems like a lot, but it is a much better proposition than the laxadasical/lesaifair/haphazard approach I currently have, from which I can never find anything except silver fish.
- GST
- Deductions – General & Specific
- Income
- Capital Gains Tax
- Depreciation (Capital Allowances)
- Small Business Entities
- Tax Administration
- Fringe Benefits Tax
- Individuals
- Partnerships
- Trusts
- Companies
- Dividends (This is obviously linked to Companies but because its quite complex I have created another category)
- Non-Profit/Charities/Other
- International Tax Implications
- Tax Planning
- Deceased Estates
I’m going to buy 20 folders, not sure where I will house all of this, could just leave them at work, which probably makes sense since I will be doing most of my printing there. I can fit 10 folders on a shelf so 2 shelfs for tax seems like a lot, but it is a much better proposition than the laxadasical/lesaifair/haphazard approach I currently have, from which I can never find anything except silver fish.
Financial Crunch - 98% Organic
Recently I have stopped preparing sandwiches for lunch the next day. Instead I now just drive home make the sandwich. However, despite an abundance of fresh ingredients I get bored. When I do purchase lunch its normally a sandwich of some kind. Which leads to boredom or really weird sandwiches (occasionally not so good).
Today I was sitting there eating my $8 sandwich, drinking my $3 orange juice (pulp free) and reading my $10.50 magazine, looking at the people pass through the checkouts at the local woolworthes. Which got me thinking about how much my lunch cost. Is this sustainable? Is it even worth it? How much ingrediants could I buy for $8? I was paying for the privalge to eat a fairly standard sandwich. Granted I did choose the ingredients, but still, I realise that someone else gets to make it. Its convenient. You don't have to drive all the way home, break out the chopping board and spend 10 mins cleaning.
What is better, both have their merits. My point is, what to have for lunch. Its a daily ritual we all have to face, but one that gives joy to an other wise boring existence.
Today I was sitting there eating my $8 sandwich, drinking my $3 orange juice (pulp free) and reading my $10.50 magazine, looking at the people pass through the checkouts at the local woolworthes. Which got me thinking about how much my lunch cost. Is this sustainable? Is it even worth it? How much ingrediants could I buy for $8? I was paying for the privalge to eat a fairly standard sandwich. Granted I did choose the ingredients, but still, I realise that someone else gets to make it. Its convenient. You don't have to drive all the way home, break out the chopping board and spend 10 mins cleaning.
What is better, both have their merits. My point is, what to have for lunch. Its a daily ritual we all have to face, but one that gives joy to an other wise boring existence.
Floods of Information
In my life information doesn’t come in a nice orderly stream. It floods, overall/on average the amount of information is not overly massive, but it’s the drought periods which are left unproductive and make me lazy. When the flood of information comes in, systems come back. But, wouldn’t it be more productive/better to always have these systems in place so that there is no lost time. We can always be more productive, especially when its not so busy, or when we procrastinate on jobs we don’t want to do, then all of a sudden everything is due all at once. Not a nice situation to be in.
I have tried getting back to GTD, but since I never read the book the whole way through, I’m probably missing some vital information. But I understand the major concepts and I am currently trying to implement a system, mainly for work, but would also like to have something in place for home and personal projects as they are also important and need to be cared for in a professional way. My spreadsheet is basically a list, which doesn’t help to prioritise unless I use extra numerical fields and sort that way, but that’s extra work is too complex. Not that I don’t want to or couldn’t, just that I also need to be mindful I am also required to update and maintain about another 6 systems, the common denominator here are the clients they stay the same. But it’s the information that I want or need to track at a particular time that is a pain in the ass.
One area which has been seriously neglected is my weekly review. The weekly review gives my a good overview of what needs doing and keeps my workspace clear of shit that not necessary the current project/task I am currently working on. For whatever reason I need a tidy workspace and as I am learning I also need a tidy filing space, as all I have been doing is literally dumping anything I don’t want to do in great big piles on the floor. This has many problems,
The storm is here, but the bulk of it hasn’t quite hit so I still have time to board up the house, put the sprinklers on and start building a boat.
I have tried getting back to GTD, but since I never read the book the whole way through, I’m probably missing some vital information. But I understand the major concepts and I am currently trying to implement a system, mainly for work, but would also like to have something in place for home and personal projects as they are also important and need to be cared for in a professional way. My spreadsheet is basically a list, which doesn’t help to prioritise unless I use extra numerical fields and sort that way, but that’s extra work is too complex. Not that I don’t want to or couldn’t, just that I also need to be mindful I am also required to update and maintain about another 6 systems, the common denominator here are the clients they stay the same. But it’s the information that I want or need to track at a particular time that is a pain in the ass.
One area which has been seriously neglected is my weekly review. The weekly review gives my a good overview of what needs doing and keeps my workspace clear of shit that not necessary the current project/task I am currently working on. For whatever reason I need a tidy workspace and as I am learning I also need a tidy filing space, as all I have been doing is literally dumping anything I don’t want to do in great big piles on the floor. This has many problems,
- Cant Find anything
- Silverfish
- Duplication of materials
- Inability to find information when you need it, leading you to not do the task
- Lack of floor space
- General ill feeling of untidiness (OCD?)
The storm is here, but the bulk of it hasn’t quite hit so I still have time to board up the house, put the sprinklers on and start building a boat.
New Keyboard
My keyboard at work is stuffed because of the backspace getting stuck. So I decided to get something more comfortable and ergonomic since I sit here for most of the day and dont want to develop a blood clot in my wrists. There isnt much to choose from and most of the ergonomic ones are quite weird and I dont have the patience to develop a new typing style, and since I wont be using an ergo at home (I game) its too difficult. Just like when I went through the phase of using my left hand for my mousing at work and right hand at home for gaming... eventualy you do get used to it but the main problem is that you are shit at both left and right hanndedness. So you end up sucking at games and eveything. Its also weird trying to explain this to you coworkers that you want to develop your ambidexterity. I currently have the Logitech 600 media keyboard and is quite nice to use, has medium keys, like a hybrid between regular keys and laptop keys. In that respect its perfect. Its quitet and has a nice wheel to control the volume of music and some nice internet buttons AND the dual function keys which are acutally usefull. On top of that its nice looking and doesnt take up too much realestate. Some fancier keyboards take up way too much space. Its also only $30. Its also not too bad for gaming, havent had any issues on that front.
Initial installation works great out of the box. Most importantly its nice and comfy, the mouse is tehawesomz on the fly dpi change :-p
However, after restarting about 78 times the keyboard is not recognised in setpoint, the mouse is so I could change the settings, but not the keyboard. Hopefully I will find a solution soon.
Initial installation works great out of the box. Most importantly its nice and comfy, the mouse is tehawesomz on the fly dpi change :-p
However, after restarting about 78 times the keyboard is not recognised in setpoint, the mouse is so I could change the settings, but not the keyboard. Hopefully I will find a solution soon.
Backspace
Peripheral problems are plaguing me at the moment. The backspace on the keyboard is stuffed so I can’t do anything without deleting it immediately, in addition to the other problems with holding down the backspace brings… The el cheapo k/b I have replaced it with as an interim measure its atrocious. It is loud and the ergonomics have left both hands sore after 2 mins of typing. Additionally the dollar symbol key doesn’t work. The dollar key is kinda useful for me since I’m an accountant.
For most users this will never be a problem, but my mouse is too slow after maxing out the speed setting in windows. So I’m thinking I need to get a new mouse also. My home mouse is ok since it has a high dpi/resolution. I’m thinking of getting cordless mouse and k/b set since that will eliminate the problem of not having a long enough cord. I should also be able to place my box under the desk and free up some valuable real estate, not to mention the potential for lower noise levels…
But I am mostly against cordless k/b mouse because it is unnecessary for devices that will not be moved around much. USB hub solves the cord length problem. And I would have to take back all the mean things I said to cordless k/b & mouse users.
For most users this will never be a problem, but my mouse is too slow after maxing out the speed setting in windows. So I’m thinking I need to get a new mouse also. My home mouse is ok since it has a high dpi/resolution. I’m thinking of getting cordless mouse and k/b set since that will eliminate the problem of not having a long enough cord. I should also be able to place my box under the desk and free up some valuable real estate, not to mention the potential for lower noise levels…
But I am mostly against cordless k/b mouse because it is unnecessary for devices that will not be moved around much. USB hub solves the cord length problem. And I would have to take back all the mean things I said to cordless k/b & mouse users.
USA+IFRS=Win
Washington, D.C., Aug. 27, 2008 — The Securities and Exchange Commission today voted to publish for public comment a proposed Roadmap that could lead to the use of International Financial Reporting Standards (IFRS) by U.S. issuers beginning in 2014. Currently, U.S. issuers use U.S. Generally Accepted Accounting Principles (U.S. GAAP). The Commission would make a decision in 2011 on whether adoption of IFRS is in the public interest and would benefit investors. The proposed multi-year plan sets out several milestones that, if achieved, could lead to the use of IFRS by U.S. issuers in their filings with the Commission.
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