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Saturday, August 21, 2010

LIFE IS LIKE A JOURNEY ON EARTH

The first things that we do when we are born is that we cry and never we have asked yourself why?

It is because Satan is the one who touch us first,pinched us.At this stage,our mother take great care of us,feed us and she does not sleep when we are sick.She accepts to sacrifice her sleep because of his child and to take good care,upbringing him with everything he wants,clothes,food,education....

When we have already completed studies;start to work;earn a living and then marry.Very often we forget what our parents did for us,we shout at them,do obey them or help them but just to let them live alone or even leave them in a home.

By the time when the child reached in the same situation,he will then realise how his parents suffered and when our time is up in this world,nothing is left.

Our flesh,bones are rotten and our final destination,that is paradise or hell,is based on our deeds."What we sowed,we reap"!!

Sunday, July 18, 2010

Wondering how to shed those extra kilos?

According to researchers,eating eggs for breakfast helps to reduce calorie consumption throughout the day up to 18 per cent.The protein-rich food makes the stomach feel full for longer,cutting the desire to eat more.

Man who consumed an egg-based breakfast ate significantly fewer calories when offered an unlimited lunch buffet compared to when they ate a carbohydrate-rich bagel breakfast of equal calories.

There is a growing body of evidence that supports the importance of high quality protein in the diet for overall health and in particular the importance of protein during breakfast.

We have a typical breakfast where appetite ratings reveal that a protein-rich breakfast helps to keep hunger at bay.

Thursday, July 15, 2010

PwC urges IASB to further slow convergence timetable

IASB and FASB release joint statement on progress

The International Accounting Standard Board (IASB) and its US counterpart say there are “no guarantees” they can resolve their differences on key proposals raised in the wake of the global crisis.

The IASB and the US Financial Accounting Standards Board released a joint statement earlier today outlining their progress towards the June 2011 convergence deadline of their two codes.

The board said while they are attempting to reconcile their two approaches on financial instruments – which played a key part in the unraveling of bank finances in the late stages of 2008 – they still hold “differing conclusions on a number of important technical issues”.

“Although our recent experiences with joint meetings show that we have been able to resolve differences on several projects, there is no guarantee we will be able to resolve all, or any, of our differences on this project,” the pair said in a statement.

The boards blame “different imperatives” and timetables for the differences, but say they will jointly consider each other’s proposals and feedback during the next few months and issue new requirements by March 2011.

In the past, the IASB has indicated it would release bridging guidance, to achieve some level of compatibility with differing US requirements, if full convergence is not achieved.

The US financial regulator, the Securities and Exchanges Commission is still deciding whether it will adopt international accounting rules, and is currently assessing the impact. It said it will reach a final decision by 2011.

Monday, June 7, 2010

Friends

Unlike parents, friends are those people who you choose. They are those persons on whom you can count on if ever you are in trouble, if you want to share something, cry on that person’s shoulder or simply to spend some time. A friend guides you through your difficult times, helps you take an important decision, warns you about the consequences of your acts and also makes your day if ever you feel down. Friends are the second most important people in one’s life after your parents. They help you choose between what is wrong and what is right. They share your happiness and support you and boost up your morale you during your bad times.

Thursday, June 3, 2010

1990,1991

1990, 1991, two years where probably most of us ACCA students were born. But do you know what happened in those years?

All of you probably have already heard about it, but never paid attention.

What happened in 1990 and 1991 was the First Persian Gulf War, commonly known as Desert Storm for the military response. It took place between August 2, 1990 and February 28, 1991.

The Gulf War took place between Iraq and a coalition of Middle Eastern and Western powers led by the United States. The Iraqi army was lead by Saddam Hussein and the American by U.S. President George H. W. Bush. Reminds you of anything? Yes the same Saddam Hussein that was involved in the 2003 war between America and Iraq and the son of the 1990’s U.S. President, George W. Bush

The Gulf war was caused by in the most part by Saddam Hussein's need for oil. He had amassed a huge debt during the Iran-Iraq War that lasted from September 1980 to August 1988 and as a solution to repay the debts back, he decided to invade Kuwait. The Western Powers army then got involved in the war when Kuwait asked for help to be able to get the invaders out of their country.

On February 27, Kuwait City was declared liberated, and with allied forces having driven well into Iraq, President Bush and his advisers decided to halt the war. A cease-fire took effect at 8:00 the following morning and there the war was stopped.

FIFA WORLD CUP 2010

The FIFA WORLD CUP is a competition which has been organised every year since its creation in 1930(except 1942 and 1946 because of World War II). It is one of the most important sporting events in the world. This is because the entire world is allowed to participate whether in the knock out stages or in the main competition. There are 32 teams, all from the different continents which are contesting for that famous trophy. This year’s world cup competition was decided to be organised by South Africa. However, one the most important barriers there is the crime rate. The level of crimes in South Africa has been rising rapidly. In 2008, statistics showed that the number of murders was 14180 and this figure increased to 18148 in 2009. This is no doubt one of the main reasons why tourists are not willing to attend the world cup. According to experts, of the 450000 people expected to come for the world cup, only 300000 will be coming. There are three solutions that can be brought up to try reducing the level of crimes in that country.

The three solutions could be:

1. Following simple rules


One of the most important threats to tourists is certainly muggings and robbery. If serious care is not taken, one could easily fall victim from these crimes. However, this can be minimised by following a simple rule. When the plane of the tourists is landing, the members of the authority could perhaps instruct the latter “not to wear expensive items on the roads”. Therefore the robbers will not be tempted to steal or attack the tourists to get what they want.


2. Not going out too late at night


This would be probably the most important advice to tourists. It is usually at night that the criminals act the most. Conversely, tourists can go out at night but only if they are in groups (perhaps 4-7 people).


3. Deploying a larger police force

This actually is what has been done. 55000 additional police have been hired. However, this is still not enough to remove the fear of becoming a victim for both tourists and residents. For e.g. in the famously poor area of Soweto and Soccer city, where there is one of the most beautiful stadiums in South Africa, the presence of the police force is not felt. To remedy to this situation, the government could perhaps deploy more police forces in the regions where the crime rate is high.

To conclude, I would say that if these three advices are followed, the level of crimes should decrease during the World Cup. However, this is only a short-term action plan that would help control the crime rate. After the World Cup, the government of South Africa should perhaps try implementing more measures against crime to decrease the latter in the long-run. Thus as a result, more and more tourists would come to that country which would boost even more its economy.

My closest friend studying abroad


How would you feel if your closest friend left you here in Mauritius and went studying in Australia? For those who did have one person close enough with him/her who went abroad either for emigrating or studying will surely understand me. On hearing what Francois told me last year, I did not really pay attention as I have told myself that there was a long time before he leaves. In fact we have known each other since I was 10 but thanks to the scout, we became friends, unfortunately only at the age of 16.

Now that he is studying in Australia, I feel a bit lonely and mostly sad as he was always there to cheer me up when I was down, helping me for any petty thing; he was the one that was always there to party with me, as foolish and straight forward as me and the most important thing above all is that he understands me. Indeed we did think alike!

The time lag (6 hours) makes it difficult for us to communicate. But I optimistically believe that we can keep in touch. How? It is simply by the internet. I believe that without the internet, many people would not be able to communicate as much as today. Who has never heard of Facebook? A social network, easy to use and accessible 24 hours a day, 7 days a week, all around the world. Moreover Skype, msn and email are the other three sources that help us to keep in touch. As i plan to visit him, hopefully next year , I will have to grab the opportunity to get a part time job because the airline ticket costs about RS25 000 and therefore cannot rely on my parents to pay for it.

People always leave, but still life goes on! And if someday I can afford to travel to Australia I will surely gain experience not only because I will travel for the first time but I will know what it is to work and having his/her own money to satisfy ourselves. Sydney is the place where he lives so I am going to visit him and the capital of Australia itself. Now if our friendship is strong enough, then facebook and skype will keep it alive. But something is for sure,I am going to miss him!


Monday, May 31, 2010

Annual results from ACCA show rise in demand for accountants

Healthy growth rates for member and student numbers


ACCA continues to see growth in member and student numbers, reflecting the need for professional accountants, especially in the context of the global economic conditions.

The global membership of ACCA now stands at 140,000, a growth of 6.5% from the 31 December 2008 figure of 131,500 members. Student numbers have increased from 366,000 to 404,000, a rise of 10.4%.

As a result of its increased global network and the reputation of members in 170 countries, ACCA is increasingly rated as the leading global professional accountancy body by employers around the world.

'ACCA has made significant contributions to the public debate on matters of world importance, such as the agenda of the G20 nations and in particular their call for the adoption of international accounting standards, COP15 and climate change, the value of audit, financial regulation and access to finance,' said Helen Brand, ACCA chief executive.

'This healthy growth comes during an economically challenging time, but it shows that the finance profession is an attractive global career. Accountants’ skills are more important than ever, to restore confidence in the global economy, to help businesses large and small to identify and manage costs and deliver sustainable growth.

'Following significant investment in enhancements to service delivery, ACCA students and members have recorded increased satisfaction with the levels of service they receive. The organisation is pleased to see that the enhancements delivered have led directly to perceived improvements in service levels by customers.'

Last year, ACCA opened offices in Brussels, Bangladesh, Chengdu and Macau, and also began collaborative work with major organisations such as KPMG, the Global Reporting Initiative (GRI), the Economic and Social Research Council (ESRC) and the IAAER (International Association for Accounting Education and Research). ACCA also partnered with CGA-Canada and CPA Australia for an Economist Intelligence Unit research report into small businesses and access to finance.

ACCA now has 57 global accountancy partnerships with organisations around the world. In October 2009, ACCA forged partnerships through a range of agreements and Memoranda of Understandings (MoUs) with:

* the Auditors Chamber of Ukraine
* the Georgian Federation of Professional Accountants and Auditors
* the Jordanian Association of Certified Public Accountants (JACPA)
* the Institute of Certified Public Accountants of Greece - SOEL Orkoton Elegkton Logiston)
* the Business Development Company Ltd (BDC), the umbrella body for small business development in Trinidad and Tobago
* the Jamaica Business Development Corporation (JBDC)
* the Barbados Small Business Association (BSBA).

Therefore, we students of ACCA have future prospect and this article was published by accaglobal.com on 26 April 2010

Sunday, May 30, 2010

Professionalism, Intellectualism and Beyond

Professionalism is for me a tool to create a better material environment so that self-education can take place easily. Unfortunately, nowadays professionalism is an instrument of our greed. The more professional and intellectual one is, the more arrogant, greedy, dominating, and materialistic one tends to be. Most of the miseries that exist in the world of today go to the credit of our so-called professionals and intellectuals which have a strong ego due to their academic qualifications.

The world of matter is only an opportunity to realize that we are consciousness, which is homogeneous. Only such an experience can liberate us from our ignorance, which is the root cause of all miseries. Once we attain oneness, love, bliss, peace and freedom become our real nature. At present, does material or academic instruction focus on that lofty aim? Then what is the use of being professional or acquiring big certificates? “The right kind of education means the awakening of intelligence, the fostering of an integrated life, and only such education can create a new culture and a peaceful world”

People with the highest certificates and achievements in the material field are called professionals and intellectuals. But what about an integrated life where body, mind, heart and soul are united to enable one to experience peace, freedom, bliss, fearlessness? The world is filled with highly qualified people, yet has this brought any relaxation, happiness and comfort in this planet? Obviously, no! If professionals and intellectuals cannot contribute to make a better society, to bring peace, happiness and brotherhood, then what is the use of being one?

This bears evidence to the fact that what we need are professionals of self-education and that does not come with being academically educated. A great inward revolution is needed. However that demands humility, courage and the insight that sensuality and material progress have not brought any of the above (peace, love, freedom and bliss).At present it is not easy to find a humble person who would be willing to acknowledge his ignorance and be willing to learn.

Professionalism and intellectualism are not ends in themselves. They are rather means to produce more goods and services of better quality and to contribute to the economic and scientific development of the world. They should help to make life easy so that one can aspire easily to the higher aim of life, which is not material in nature.Proffesionals and Intellectuals should contribute for the betterment of individuals in the material field. Without a comfortable material life, the loftiest aim of life, which is self-education, cannot take place.

However much qualified a person might be, what does he gain apart from more material facilities and benefits than a non –professional? But do these bring smile, relaxation, leisure, peace of mind, bliss, freedom and good health to a person? Isn’t man running instinctively after happiness? There are people who are happy by leading a simple life. Have we forgotten the adage, “simple living, and high thinking”?

Is it possible to be a genuine professional in our present society where cut-throat competition, corruption, stress, anxiety and the struggle to survive are the main driving forces? While it is essential to have a very good academic, technical and rational training, it is more important for a professional to have honesty, intelligence , a sense of justice and compassion, to be free from greed and lust, to be creative, attentive and calm. In today's world, professionalism and intellectualism are viewed as opportunities to attain the peak of the material ladder from where one can satisfy one's greed and exploit others. Greed, lust and selfishness are holding the bridle of the social machine. This is why the world is suffering badly today!

My proposal is that we work on the minds and hearts of people, so that they do not become corrupt and at the same time understand their role in making a better world. That would be a great revolution.