WTF is Equity??????

Ok, this is a special one for all you accounting students out there. Now, for the more experienced ones, i'm sure you are well aware of what Equity is and how it affects your business, but for a lot of students, especially the new ones and the poor business course students who are forced to take horrible, horrible accounting, the term 'Equity' can be very confusing. So, to start off, lets take a look at the basics:

Every business is made up of three things basically:

1. Assets
2. Liabilities
3. Equity

The Privatisation of Water - A business perspective

The other day I had the opportunity to watch the controversial video of Peter Brabeck-Letmathe, Nestle's current CEO who claimed that water should be privatised and that the stand that some NGOs take to 'claim water as a human right' to be 'extreme'.

No doubt this statement provoked much anger from individuals and NGOs from all around the world and thus Nestle's corporate communication went into recovery mode, clarifying that Mr. Brabeck-Letmathe does indeed believe water is a human right.

No doubt, water is an important resource to all human beings, if it is not the most important resource of all. That being said, while every human being has a right to clean, potable (drinkable) water, clean water is but a scarce resource and like all resources is subject to market fluctuations.

Accounting Students - You don't HAVE to become Accountants

After a year of no updates, (lets just say it has been a very long and eventful year), I have decided to restart this blog, mainly because of the 10k+ hits I have been receiving lately. I suppose with so many people visiting my blog, perhaps it would be best if I started adding more posts.

So, to restart this blog, lets talk about something a bit controversial, that's right! You saw the title, just because you have spent three years of your life learning financial reporting, balancing accounts and memorising IFRSs, does NOT mean you should spend the rest of your life doing so. Heck, I don't even think your first job should even be in an accounting firm!

Almost there!

Dear all, we have come a long way since May and I hope that you all have learned a thing or two about accounting and have gained a greater appreciation for the world of finance.

Exams are next week, so study hard and prepare for it!

Provided you have been paying attention in classes, you should be able to succeed,

and here are the two slides which I didn't upload:

Bad Debts
Balance Sheet

Topics for Revision

Hey there KDU kiddies!

What would y'all like to revise for our coming revision week

Let me know in the comments FAST or else I will teach you WHATEVER I feel like ( WHICH MAY NOT EVEN BE IN THE EXAM!!!, or even accounting-related for that matter.. wahahahahaha!!!)

Cashflow slides and Financial Ratios

It occured to me that maybe, perhaps I have not uploaded this yet:

Cashflow Slides
Financial Ratios

Financial Analysis

Find the relevant slides here