Adonis Diaries

Posts Tagged ‘small prints as footnotes

Notes and tidbits posted on FB and Twitter. Part 115

Note 1: I take notes of books I read and comment on events and edit sentences that fit my style. The page is long and growing like crazy, and the sections I post contains months-old events that are worth refreshing your memory.

Board of director members take their cuts directly from the total revenue.

One of main advantages of females over males: They are rarely Confused of their life Destiny. Good, bad, failed missions are mostly accounted for

La vieillesse? Les souffrance physiques ne se comparent pas a se sentir en charge

When the other party is an “abstraction”, we cannot see or hear, the share they are offered drops on average from over 30% to below 20% because the feeling of unfairness gets out of the picture.

Statistics don’t stir us, but people do.

The preemptive wars of 2014 by Israel on Gaza has upset people around the world: The story was given a face because of disseminated pictures and videos: Israel assassinated a dozen reporters during that war.

The Last Chance behavior is linked to our fear of regret: We need to quickly fall in line in order to conform with the community.

Willpower is like an electric battery: If depleted, your future challenges will falter if you don’t replenish your battery by good sleep and good relaxation techniques.

Most of the lower lands in the Middle East were under sea water 12,000 years ago. Most earlier civilizations were located on higher plateaus, before they immigrated to lower altitudes along the mighty rivers as oceans retreated.

Perceived Legitimacy is based on 3 rules, and All 3 rules have to be applied consistently:

1. People who are asked to obey to authority have to feel they do have a voice: if you speak up, you are heard and negotiation is put on rail

2. The law has to be predictable. A reasonable expectation that the law is not going to be broken or cancelled or “reformed” in a short span of time.

3. Authority has to behave fairly. All groups, ethnic groups, religious, minorities, genders, economic classes…have to be treated in the same way under the law.

Israel has detained “administratively” 60% of the Palestinian youth and for long periods without any charges, under the defunct British administrative detention law: A consistent tactics for de-humanizing the Palestinians and humiliating them.

Why the top 1% of corporations have to skim 20% of total revenue, then rearrange all the items in the balance sheet, so that the workers and employees sweat out negotiating on a better minimum wage?

Who is taking advantages of the small prints as footnotes in the balance sheet and other accounting gimmicks? Why should the nation needs expert on how to comprehend the meaning of the footnotes, if transparency is the goal in transactions?

A great day, November 2, 2017: Deir Zour in Syria and Al Qa2em in Iraqi border freed from ISIS malevolent existence.

Why wait to be told what I commented? Send a request to be on my list of friends and followers on FB and twitter

I first post a comment for everyone benefit. If after a couple of days justice was Not served, I confront.

 

 

Transparent accounting: Based on revenue, away with totally biased Net Profit gimmick

Revenue is the one item in the balance sheet that no corporation is about to cheat on, not even gang and drug criminal organizations. Why?

Board of director members take their cuts directly from the total revenue.

They know how much the company is generating in gross profit, excluding side revenues and under the table bonuses and favors…The percentage on the revenue cut must correspond to 50% of the gross profit, and they get first cut, ahead of time, and all other items can be changed to correspond to the expected net profit.

You cannot have a balance sheet or working statement or any other accounting gimmick without accurate revenue…

Even without the huge amount of data, financial and economical data, companies in particular line of business have an appreciation of the gross profit before the legal year starts, based on the previous revenue and accurate forecasting…

Every item in the balance sheet is known as a percentage of the revenue.  You change a percentage and you know what the managers should be doing as consequences: Fire employees and how many, reduce facility costs, save on energy, training, quality of spare parts, inspection, quality control,…

Actually, all the accounting standards and accounting schools and degrees are not meant to fine-tune the accounting records of anything.

The government and the corporations have no need for all the accurate numbers and inspection of records and papers: They know the revenue and the proper percentage on the revenue that each item is measured accordingly.

Government can as easily and more accurately get the taxes on revenue, instead of waiting for the gross profit computation, and saving the citizens the exacerbation of enacting loopholes as large as the State of Montana.

If the financial and business communities consider the tax rate on revenue high or exaggerated, they can lobby to simply reduce the rate of the percentage on the revenue…What’s the big deal?

Is transparency anathema to governing?

Should government persist on creating more mysteries than the citizens are ready to swallow?

Is governing meant to constantly resume the financial emulation of cult organizations with code-names, secrecy, childish gimmick…?

Why the top 1% of corporations have to skim 20% of total revenue, then rearrange all the items in the balance sheet, so that the workers and employees sweat out negotiating on a better minimum wage?

Who is taking advantages of the small prints as footnotes in the balance sheet and other accounting gimmicks? Why should the nation needs expert on how to comprehend the meaning of the footnotes, if transparency is the goal in transactions?

Occupy Wall Street protests should demand that accounting ratios should be transparent on a special accounting sheet:  Citizens must know how much the top 1% are actually paid, how much the middle management is paid, and how much the rank-and-file of workers are paid as a proportion of the total revenue…

Actually, who is generating the profit if not the workers and employees, and who is making the economy grow, and who is defending the interests of the top 1%?

Occupy Wall Street protests task is to demand transparency in all financial undertaking, starting with a transparent accounting.


adonis49

adonis49

adonis49

December 2021
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