To my senior colleagues in the house, please identify with us and enlighten us on some issue in the proffession. I am willing to learn from my seniors especially those with awesome experience on the job both in audit and accounting.
Some of us are working under bosses that are not charttered and sometimes would disagree with their position on how to treat some transactions or classification of an item in the financial statements.


Take for instance;

There was this issue in my office on a loan given by my company to our subsidiary, as at the end of last year the loan in the balance sheet of our subsidiary showed negative under 'LONG TERM LIABILITY'

I quickly asked why but i am still not satisfied with the explanation. I want the house to please give me reasons for the possibility of the negative and ACCOUNTING STANDARD that treats such


Thanks

i am new in this forum and will love to meet ACA or ican students.i wrote pe3 last diet i.e nov. passed three subjects and remaining MDCS to qualify.can any1 tell me the clue to this subject.Also,am presently working with secondary school and looking for another opportunity in an audit firm

I also had a ref in mdcs in the last diet, one of the ways to hanlde it is to read whatever material one feels might help.

i do APPRECIATE UR ADVISE GETTOLOVE, BUT ,LIKE WHICH MATERIAL DO I NEED TO READ.PLS, CAN HELP ME OUT I NEED A JOD IN AUDIT OR STOCKBROKING FIRM TO GAIN XPERIENCE.THANKS