1. Completed 80% of the IFRS online training, could have completed 100% had the website worked. Good course, introduces accounting in a different perspective and make me understand why they make us study certain principles for accounting. For example, why is there a differentiation between liabilities and equities. I know that liability is what you owe other people, and equity is what the shareholders owned. IAS 32 put it in a light that you categorise things based on their substance and not because of their name. You would classify something as liability whenever you are obliged to repay other people. In IAS 23, it explains when to capitalize something (the rules), and the impact of capitalizing it instead of expensing it, i.e. it will result in higher profit, probably more tax as well? I still have to explore more about this, should a corporating pay more taxes today or in the future? In this case, if I capitalize the borrowing cost, profit is higher today and tax is higher today, but the asset will be depreciated later on, so profit would be lower, tax would be less, and I would have more cash flow in the future? Am not exactly sure if this is the correct logic, but interesting topic..
2. Because the website was down, I had to look for something else to do. So I opened up a file I've saved earlier on "I Moved Your Cheese". It strikes me as very familiar to Buddhist philosophy, in some ways:
When I first read the book, I thought about Buddhism because there was a sentence relating to it teaches people to adapt - I was thinking, isn't that what is preached in Buddhism, to be contented? This book says that, that is a dangerous thing to believe - to adapt - I was thinking, is something wrong with Buddhism to teach people to accept that things change, and to be contented with what you have?
Then it says, not to adapt blindly - again, it fits Buddhism - do not accept things blindly.
It also mentions that the mice are thought that things change, the cheese will diminish and you have to find cheese elsewhere - in line with Buddhism that things will change. But the mice are obsessed with chasing for the cheese day in day out in order to survive. There is no other meaning to life. So are we, we are chasing wealth and pleasure day in day out.
Have we wondered who created our world? Who put the "pleasures" and wealth for us to chase? Someone has created it and waited for us to react to it. We can either be tied to it, or we simply don't care as long as we have enough to survive, or we live for a different reason like BIG. If the "cheese" doesn't bother us, it doesnt control us, and we are free.
How to escape this maze or this samsara?
- By looking for aids to climb higher to see the bigger picture
- By not letting it control our thoughts
- By breaking down the walls
This piece of reflection is written as I think about it, with no thorouh analysis. I might revisit this again, as I just have the feeling that it is connected to the Dharma principles, in some ways.
~ttg @ Realized Tranquility of the Heart~
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