Friday 16 December 2011

Misconception about Accountant nowadays

   From few thousands years until nowadays, accounting is still not out-dated but changed in its role. In Malaysia,  accountant is a respected job as it is considered professional job ever.

   I still remember what did my teacher say when I was in secondary school. She said, accountant earned a lot of money, stable(Boss would not fire accountant first if there is any job-cutting), professional and respected. She gave us a lot of impressions of how good in becoming an accountant.

  No doubt, many of the students strongly believed in her said. But I DIDN'T. I do believe that technology keep on advancing every moment in the world, nobody would escape from its impact. If we were still believing in the old mind of industry time, we were out-dated, indeed.

  It is not wrong if she said this at 20 or 30 years ago. It definitely wrong if you were still saying this kind of thing in 21st century.  Everyone still mixes accountant clerk and qualified accountant.

  Nowadays, accounting separates into 2 types: executive and professional. Mostly, executive is doing some accountant's old time job, like key in data, recording transaction. Qualified is acting as a business adviser, provide information to customers or boss, like taxation, legal, and cost structure.

  So, can you see the differences? Accounting has changed. Switch from recorder to adviser. You must professional enough if you are ready to be qualified. If accountant is STILL doing recording, why we must have a degree certificate? Diploma also too much for it.

  Sadly, most of the Malaysian students do not realise it.

Monday 12 December 2011

Hesitating in opening account

  Not very much I have in my saving account, mostly, could buy some of the shares.

  I have saved nothing in this semester, since I expected there will be no saving in first or two semester as I could spend a lot in eating, buying stuff, and some unexpected expenditure like repairing.

  In my other account, the money has not been moved since last semester. There was a Citi Bank officer told that  Malaysia has 220 basis points in its monetary policy, means that our purchasing power will be decreased every year 220 basis points, example: if you have RM100, after ended of the year, your money will only worth RM 97.80.

  This is what we called inflation. We could not avoid it unless we can create extra cash flow other than salary, like investment or set up own business. Inflation will kill our life if we do nothing on it.

  Avoiding decreasing purchasing power, I intend to open an CDS account which is for share investment.
I have not built my investment portfolio yet, but soon to make it. Few of the companies are being observed and categories.

  A first ever step of Reaching to financial freedom!

Sunday 4 December 2011

Information Overloading

  For the few centuries, human community have been gone through highly development of industry, or revolution of  industry is more accurate. Within that particular time, numerous innovation and resolution had come out and changed human's lifestyle, in long term.

  During that time, people did not need much as less demand created. Most of the people were self-employed, mostly got farms, lands, properties, and own stalls. They would have never thought that most of the people would become employed workers after hundred of years. It happens now.

  It doesn't matter with being employed or self-employed for now,though Robert Kyoshiki claims that we should set up our own business instead of being employed which highly depend on only one income, insufficient enough for financial freedom. We should always upgrade ourselves to get improved. Information is necessary.

  Information century has come. Every single thing in the world would be revealed through Internet, the largest information store in the world. With the power of the Internet, every impossible has become possible. Information spread quickly without realising it. The impact is unimaginable.

   Homework like assignments, business proposal, financial information, even though company profile also can be found easily in the Internet.

  The problem is, overloading. If we receive to much of information, overloading always happens. Now, the information that I received has been overloading. Too much and complicated.  how should I rearrange my system? It's a headache question.

Saturday 3 December 2011

It is always a war

  About few days ago, every UTAR student were tension, anxiety, and nervous. You must be wondering, what was happening?  This will happen once per semester, and everyone hates that very much though this policy is not bad at all.

  Yes, it is course registration! UTAR claims that this policy is implemented due to the international standard, which almost every popular university in the world is implementing the same policy---registering subjects through online. I have said it, this is not bad at all as this could make students have their time management more efficiency and effectively, at least, students can arrange the timetable by their own.

  The problem is the server, where always makes the system going down. UTAR students do not hate the policy but the server. I think many of the students were trying to grab the good time for themselves, not exception on me, too. Unfortunately, the server did not function well, or should say overload due to exploding of students demands.

  Being kicked out many times, unable to log in, long time waiting, and some subjects have been grabbed fully!  I did not expect to finish it within 1 hour, but I did expect to get what I wanted. Now, everything must be rearranged again,

  Many UTAR students have the same feeling as mine, they even worst. The course registration has been said it is war when it comes. We are the warriors or soldiers who are holding swords(mouse) and shields (F5,refresh), and we are always be the losers.