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#1
11-06-2003, 06:44 PM
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i'm not getting fired
went to see the boss yesterday and said i could easilly be fired but cos i'm an ok guy and it wa sjust kind of stupid of me bunking off i'm getting a 3 month verbal warning on my record and thats all.
need to take my uni stuff into work on sundays now instead of goign home to do it 
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the dude abides 
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#3
11-06-2003, 06:54 PM
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the dude abides
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#4
11-06-2003, 06:56 PM
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Quote:
i have my first accounting test next week... but its hard for me   i hope i can pass it....what exactly did you have to do? do you do T,P&L accounts, balance sheets and trial balances?
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#5
11-06-2003, 06:59 PM
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yeah alot of it was theory tho but i did accountanct at standard grade and apparently got the 2nd highest mark in the whole of scotland so even tho i havent done it for years it all came back pretty easilly.
thing is she wa sbeing really stingy with the marks. i lost 2 marks for writing a liability is an obligation to transfer economic benefits as a result of a previous transaction instead of a past transaction. same thing, previous is more fluent but cos it isnt exactly the AAC's definition i lost 4% and she took soem off for other little things but 80%s still nothing to complain about 
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the dude abides
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#6
11-06-2003, 07:05 PM
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i hope my professor isnt like that. but our exam will only contain 20 % theory and 80 % accounts... can i just ask you something? how do you know something is a short term liability or a long term liability? like stocks... are they short term or long term? or are they assets? erk, i feel stupid
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#8
11-06-2003, 07:27 PM
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Quote:
a long term liability is one that is paid over many years like a loan. i dont know how u do it but say u have a 10 year 10,000 loan. the 1st year it would go down as a short term liability and u would have 9,000 in long term liabilities. we haven't done stocks yet and i was always shit at PLC balance sheets but i've got a feeling they would go in represented by along with the cpital/ owners interest but don't quote me on that cos they just as easilly could go into assets.
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the dude abides
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#9
11-06-2003, 07:31 PM
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thanks jim, at least now i know about the liabilities thing
i thought it through again and i came to the conclusion that stocks probably belong to assets... at least if you own part of another company. but i cant be sure i guess i have to try and find a good book damn, we only had three lectures on accounting and the test is next week 
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