Tuesday, March 29, 2011

Blogger Tip: Install Social Network Plugin On Blogger

Social network is a tool to promote a page or URL to friends, visitors, or public. Many social nework plugin are available and you can get it either individually or groups. Individual social network plugins are such as Facebook, Twitter, Google Buzz, StumbleUpon, Digg, Delicious, and Yahoo Buzz. Example of group social network plugin are ShareThis and Addthis. By using this group social network, you can share a page easily. AddThis and ShareThis provide the plugin you like to choose, while individual social network, you have to install manually.

Thursday, March 10, 2011

Objectives of Financial Reporting by Business Enterprises (FASB-CON No 1)

Financial Accounting Standard Board - Statement of Financial Accounting Concepts No. 1 stated that financial reporting includes not only financial statements but also other means of communicating information that relates, directly or indirectly, to the information provided by the accounting system—that is, information about an enterprise's resources, obligations, earnings, etc. Management may communicate information to those outside an enterprise by means of financial reporting other than formal financial statements either because the information is required to be disclosed by authoritative pronouncement, regulatory rule, or custom or because management considers it useful to those outside the enterprise and discloses it voluntarily. Information communicated by means of financial reporting other than financial statements may take various forms and relate to various matters.

The summary of FASB-Statement of Financial Accounting Concepts No. 1: Objectives of Financial Reporting by Business Enterprises (SFAC-CON No 1) is as follows:

  • Financial reporting is not an end in itself but is intended to provide information that is useful in making business and economic decisions.
  • The objectives of financial reporting are not immutable—they are affected by the economic, legal, political, and social environment in which financial reporting takes place.
  • The objectives are also affected by the characteristics and limitations of the kind of information that financial reporting can provide.
    • The information pertains to business enterprises rather than to industries or the economy as a whole.
    • The information often results from approximate, rather than exact, measures.
    • The information largely reflects the financial effects of transactions and events that have already happened.
    • The information is but one source of information needed by those who make decisions about business enterprises.
    • The information is provided and used at a cost.

Wednesday, March 9, 2011

How To Write Number In Words Using MS Access Visual Basic Application

Example is like this: 8,630.15 will be spelt "Eight thousand six hundred thirty dollars and fifteen cents" (see below sample picture).


Numbers in English are associated with the singular and plural of a word. Using Microsoft Access-Visual Basic Application, we can write numbers in English words just like words for amounts written in a formal document such as invoice and check (cheque).