IFRS 9 Masterclass - Understanding Financial Instruments

 

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This IFRS 9 Masterclass on understanding the basics of financial instruments introduces you to IFRS 9 in an uncommon way, through the use of several practical examples, free IFRS 9 documents and thought leadership files, excel file computation, use of related video documentaries and the fact that I am virtually taking you through each learning step from the perspective of a Big 4 Consultant that has worked in 3 of the Big 4 Audit firms.

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Information Technology in Accounting

The weather-cock on the church spire, though made of iron, would soon be broken by the storm-wind if it did not understand the noble art of turning to every wind
-Heinrich Heine

The introduction of a cash-lite society through the aid of mobile payment system, which enables subscribers to send money to other users via a mobile device, have been a good development in the world of accounting.

Also, the use of various accounting software packages such as SAGE50 (Peachtree), MICROSOFT EXCEL (Spreadsheet), ORACLE, XERO and a whole lot of others has been of immense help in improving the financial service sector. Rising internet penetration through cash-on-delivery payments has made online shopping a viable option over the traditional stationary market.

Notwithstanding, every rose has its own thorns. Lack of reliable power supply; cost of acquiring, implementing and maintaining an IT system; lack of trained IT personnel; increasing risk of cyber-insecurity; fear of job elimination as tasks that were formerly performed by human employees are now carried out by computer systems; vulnerability to security breaches, particularly when they are accessible via the internet and a whole lot of others are inseparable problems attached to the use of IT in businesses.

If you cannot dig, you cannot be deep. IT in accounting has no doubt been of immense help, and has become an essential tool that virtually all businesses lobby for. Hence, if any accounting student will survive in this age of competitive certificate and growing supply of labor; the slim chance to make it real good is to get oneself equipped with Information Technology. Like Dolly Parton sang in one of her songs,"one is only poor, only if they choose to be." –yea, one will only be jobless and dormant only if one chooses not to turn to the current thriving wind. 

She's not beautiful

In the heart of every man

Lies a soft spot for ladies

And each with his desires

Prefers a beauty for a better half

To have a queen by his side

Each time he makes a turn

His emotions exceed his thoughts

"Ugly" ladies are for the devil

She's not beautiful

If she's got no boobs

Neither is she lovely

Cos I'm a 'barca' fan

Though not a man of ugly desires

Neither am i of weird opinion

Beauty without virtue, I'll say

Depicts a good-looking coffin

Beautiful but a beast

'Ugly' but a treasure

If you are to be a chooser

Tell me you'll choose the beast

Of what use is a ripe orange

Whose interior breeds insidious maggots?

Or a cold glass of water

Gotten from a water-closet?

I think it is good to think twice

Before you leap into her bosom

If she's a beautiful beast

I beg you not to take the risk

Though my pen is running out of ink

I won't hesitate to re-echo it

A beast within will lose the beauty without

It's just a matter of time

Yea, she's not beautiful

 And even lacks some endowment

But to the one who cares to know

She's an embodiment of virtue

Beauty is in my heart

Beauty is in my eyes

What makes YOU beautiful

Is the virtue you lug.

                                                             @adedamolaotun