<   2006年 03月 ( 35 )   > この月の画像一覧

Speaking of...

   I decided to memorize some types of the audit report because I encountered, in a sample test of AUD, such a question of SIM that requires me to correctly cite the audit report. It was very hard and also time consuming to locate the relevant part in the authoritative literature on the test application software. I think I have to be able to associate the AU number with what’s written in the chapter, or I have to correctly memorize some important phrases in SAS, so that I can put EFFECTIVE key words in the search box.

   I began with the memorization of Unqualified Opinion of the Independent Auditors Report.

Independent Auditor’s Report
We have audited the accompanying balance sheet of X company as of March 31, 2006 and the related statements of income, retained earnings, and cash flows. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the financial statements based on our audit.

We conducted the audit in accordance with the auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain the reasonable assurance about whether the financial statements are free of material statement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the account principles used and the significant estimate made by the management, as well as evaluating the overall financial statement presentation. We believe our audit provides the reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of X company at March 31, 2006 and the results of its operation and its cash flows for the year then ended in accordance with the accounting principles generally accepted in the United States of America.

Last date of the field work

   At first, it seemed too long to memorize. But it took only a day to memorize whole the report, actually. (Actually, I typed the above standard report without any material at hand!) I guess I made it in a day because, after going over many MCQs so far, now I HAVE UNDERSTOOD the meaning of each sentence with the implications between the lines.So it seems that I can remember the other types of reports in this vein.

   Speaking of the topic of AUD, today I checked out Hitomi-san’s blog, where she introduced what we have to know about AUD exam before we sit for it. I learned a lot from there. Thank you, Hitomi-san, and Congratulations on your success in FAR!

   Speaking of the topic of the success in AUD exam, Nihao-KT san, who helped me a lot with lots of advice when I was troubled with my NTS acquisition, got through AUD exam, too. Congrats! 可喜可賀、Nihao-KT先生!!He's providing a lot of useful info on AUD exam on his blog, which is definitely worth checking!

   To be honest, I'm now a bit jealous, but I also know the fact is that they deserve their success.

   Me? I don't deserve it, YET.

   I’ve gotta follow them!
by nn_77 | 2006-03-31 18:40 | >AUD | Comments(2)
For many of the companies in Japan, the end of the fiscal period is March 31, which is now just around the corner. Around this period of time in a year, on the newspapers, there appears a lot of information about the prospective operating results of those companies, like “the sales of ABC Company is going to be doubled.”

Now suppose if the amount of the accounts receivable of a company had doubled.

Then, before we congratulate the company for that achievement, we have to check the allowance for doubtful accounts as a percentage of accounts receivable.

the ADA as a percentage of AR remained about the same as the previous period,
→ It’s good! This means the company increased its sales without liberalizing its credit standards.

the ADA as a percentage of AR was decreased (, which means the AR has increased while ADA has not increased as much.)
→ Mmmm. We have to be cautious. Although the sales ostensibly increased, it is the result of the liberalization of its credit standards. In order just to increase the sales, the company has sold its products to those customers of poor solvency without giving much consideration about whether the company can collect the money from those customers. This is why the ADA has not increased as much as AR. Therefore, the real net realizable value of the "increased" AR could be smaller than is presented on the financial statements.

This is what a bank clerk in a loan section usually has in mind (, although s/he has to take into account many more than this before making the decision on the loan project).
And this topic often appears in AUD section of USCPA exam.
by nn_77 | 2006-03-30 04:02 | >AUD | Comments(0)

Reckless challenge, so be it.

Kyoroich-san, whose blog I visit at times, is going to sit for USCPA exam on April 1. Good Luck, Kyoro-san.

His blog is pretty much informative, which I recommend, and so list it on "My Favorites" column on the right of this page.


I left my comment the other day on his blog, and got the following reply.



He's right. The possibility that I can get through all four of them is highly remote. (, according to FSAS, which shouldn't be disclosed if it were the info on the contingency on FS).

But now I cannot change my plan. I'm challenging it because my temporary job-exchange-program is going to end by the end of this Sep, when I will have to come back to the front of the financial industry, where it doesn't seem to be possible to both study and work during the same period. (So, I really admire and respect Mr.SBK, who's working in a bank and also preparing for USCPA exam!)

Thus I don't have any other choice but to challenge it.

What I can do is to do my best till the exam dates, Aug. 1st to Aug. 4th, to the extent that I won't regret my negligence later in my life...
by nn_77 | 2006-03-29 17:52 | USCPA (general) | Comments(2)

Last Chance

   I pay a 5-minute visit at a bookstore in Osaka station on my way to the office every morning. I don’t have time to read so many new books every month, or I cannot afford to buy so many. So I just stop by at a bookstore and brows a book only for 3 to 5 minutes, without buying any one, of course.

   Today I brows a book, titled “Things that should be done by the age of 35”
   I’m now 30, and will be 31 in a couple of months. So I took a look at it.. There wasn’t anything new to me in the book. But the two lines below caught my attention:

1. Today, do your best, and KEEP doing it just for another 3 months.
--- I know you sometimes do your best in for all the day. But I also know that you don’t always do it. If you think you did your best today, keep doing it for 90 more days, then you can change yourself.

2. If you think you cannot do it, you cannot do it forever. --- If you wish to make it happen, then you should think HOW to realize it.

   Sentence #1 struck my heart, because I felt as if it had been directed to me. I can do my best for a couple of days, but I easily get tired after that. After having a rest for one or two days, I regret the way I spent the day before and resume my tough training.
I have to give an end to this bad circulation of my behavior. I really have to “KEEP doing it just for 3 months.”

   Sentence #2 concerns me, too. As I have been telling, I’m going to sit for all the four subjects of USCPA exam, which is said to be reckless. I know many people get them done two by two. Because it takes vast memory to cover all the four subjects: FAR, REG, AUD, and BEC. Now I have almost no time before the exam. So, in the bottom of my heart, I was wondering if I concentrate on only two of them. --- and I met the above sentence today: “If you think you cannot do it, you cannot do it forever.”

   Yeah. That line reminded me that it was I who decided to sit for the four subjects at one time. Before giving it up now, I have to think HOW I will be able to do my best in August, sitting for the four subjects. It’s too late for me to think I can pass the exam. But, even at this point of time, at least I can think HOW to do my best in the exam dates.

   Now I have to be crazy about USCPA exam prep, and so I’m afraid that I cannot write so long on my blog from tomorrow, though I keep updating the blog everyday.

  Today is another turning point of mine,
by nn_77 | 2006-03-28 18:01 | USCPA (general) | Comments(0)
Sunday, March 27th, 2006
-------AUD:8/1  BEC:8/2   FAR:8/3  REG:8/4

*I have only 122 days to go before USCPA exam!


   I told to myself yesterday that I would have to be both a night owl and an early bird.

About being a night owl --- I succeeded. I hit the sack at 2:00am.
About being an early bird --- I failed. It was almost 7:00 when I awoke.

   It’d be very easy for me to give it up now.
   But I’d regret over it for the rest of my life.

   This moment of the time will never come back again. I have to be conscious of the lapse of time at every moment so that I can spend every single second in a very meaningful way.

---【nn’s grammar class: subjunctive mode: 仮定法】---------

It’d be very easy for me to give it up now.
But I’d regret over it for the rest of my time.



「~できた」は「できる(can)」の過去形なので、確かに、couldで正解なんですが、「I could do it. (やろうと思えば)できたよ。」の意味も出てきてしまうので、要注意です。

God “Hey, nn! You didn’t wake up to study this morning. You’re so negligent!”
神様「おい、nn。 今朝は起きて勉強せんかったな!怠け者め!」

nn “I could do it! But I thought I should rather study at midnight because I could concentrate better in the silence of the night.(← What a poor excuse it is!)”

だから、「出来た!」は、”I did it!”とか、とにかく、couldなんかに頼らず、単に動詞の過去形を使ったほうが表現としてピッタリ、ということもしばしばです。


I couldn’t agree more!  ← どういう意味でしょう?



  I love many of the English usage of subjunctive mode. It really interests me a lot! Now, what do you say?
by nn_77 | 2006-03-27 22:41 | USCPA (general) | Comments(5)

I Feel Pressed!

Sunday, March 26th, 2006
-------AUD:8/1  BEC:8/2   FAR:8/3  REG:8/4

*I have only 123 days to go before USCPA exam!

   I visited Anjo Kansai school today. USCPA exam is a computer based test system, and so when I actually sit for the exam in Hawaii in August, I'll sit in front of a PC and the examinations are provided on the display of the PC. Since the application software of the USCPA exam is somewhat unique, the Anjo school provides the servece that lets us to try the computer based sample exam in its classroom. I reserved my seat for the trial the other day and it was today.

   After struggling with the sample tests of AUD (Auditing and Attestation), FAR (Financial Accounting & Reporting), and REG (Regulation: Business Laws & Federal Taxation), I was totally depressed.
MCQs, multiple choice questions were not that difficult, but SIMs, simulation problems, were very difficult. Nothing was bothering about the operation of the user interface of the software, but the problems of the SIMs themselves were beyond my ability.

   Especially impossible was the "research" part, where I was required to make a research about a given topic using a search system equipped with the software. The search system is similar to the system of Yahoo! or Google, but it's an off-line base system that covers only limited info resources. Locating an appropriate topical area was pretty much difficult and the time is limited in the exam. I have to be very familiar to those source books, like Tax Code book, SFAS: Statements of Financial Accounting Standards, and SAS: Statements of Auditing Standards...

   I have spent much time so far in making a summary note to bolster my memory and understanding of each topical area. But I realized that I can no longer afford to spend my time in note making activity. The remaining days, time, hours, minutes, and seconds are totally used to actually face as many MCQs and SIMs as possible.

   I think I had been a kind of self satisfied with my note taking style of study. But I cannot play with that any more. All I have to do now is to solve as many questions as possible. Maybe, I should have realized this much earlier.

   Not many days remain for me… From this moment, I’ll focus on the number of questions that I solve in a day in my daily planning.

   Early Bird Style? Of course I’ll keep it. I wake up early in the morning to study. But it’s not enough. I think I should be both a night owl and an early bird at the same time.

   Now is the time I have to do my Best of the bests in my life. Do it, nn!
by nn_77 | 2006-03-26 21:04 | USCPA (general) | Comments(2)


Saturday, March 25th, 2006
-------AUD:8/1  BEC:8/2   FAR:8/3  REG:8/4

*I have only 124 days to go before USCPA exam!


   I had a chance to study English as I used to in my university days. It was about some interesting topics about English grammar, which question I received from a friend of mine I came to know through this blog communication. Again I thought it’s great that we can meet people from all over the world through the internet communication network, exchanging views, information, pieces of advice, and so on.

   About my English. As I confessed at times here on my blog, I have never stayed in any other countries so far in my life. I acquired English through the classes at junior-high and high school, where I studied English under the grammar-oriented education method, whose outcome is still notorious, being called “juken-eigo.”

   I think the grammar-oriented style of English study is rather helpful, especially if you learn English here in Japan. If you are to acquire English in a foreign country (e.g., in US, or in UK), maybe you can learn a lot through the daily communication with the native people there, which would stimulate your linguistic sense embedded in a certain part of your brain and you’ll be able to speak English in a natural manner someday.

   But if you’re to learn English effectively in Japan, taking a grammar-oriented approach is one of the most effective ways to acquire English.

   It is true that native speakers’ English is not always grammatically correct. It’s true to our Japanese language. For example, we usually use the adverb ”zen-zen 全然” in an affirmative sentence, like “zen-zen-iidesuyo 全然いいですよ(It’s no big deal at all)” especially in the casual communication. But, as you know, the adverb “zen-zen” should not be used in an affirmative sentence, and so it should be used only in a negative sentence, like”zen-zen wakarimasen deshita 全然わかりませんでした (I didn’t get it at all).”
   Since I know zen-zen is to be used only in a negative sentence in a correct grammar of Japanese, I observe that rule especially in such an official occasion as I talk to my boss at office, or to my client at the client’s office. But I don’t care that much when I talk to my friends or my coworkers at office. What’s important is that I know the difference. Sometimes I hear a foreigner speaking Japanese with some strange usage. Japanese people are basically tolerant about anything. But when it comes to courtesy, politeness, and some formality, some people are not that much tolerant. And I think this is true to many other nations, too. It is important, therefore, to know how we sound when we are speaking in a foreign language. And the grammar gives a big impact on that, definitely.

   We don’t have to “study” the grammar of English, as I did at the university (the title of my graduation thesis was “The mystery of GET, ” which I would like to talk about some other time), but we can just learn grammar of English just to understand English better than now, and to be able to express ourselves more precisely.

   Now I’m learning the rules regarding US financial accounting and reporting, auditing and attestation, regulations and laws, business environment, and so on. Learning these topics in English helps me a lot to improve my English, and knowing about these things would certainly help me when I actually communicate with those who are engaged in an international business activity.

   I don’t think I’ll be able to have such a good command of English as native speakers. So, in order to complement the deficiency of my English, I have to learn a lot more things, including USCPA exam topics.

   It’d be very wonderful if, someday, I am able to contribute to the organization I belong to with the professional skills that I’m now striving to acquire!
by nn_77 | 2006-03-25 18:08 | 英语(English) | Comments(6)


Friday, March 24th, 2006
-------AUD:8/1  BEC:8/2   FAR:8/3  REG:8/4

*I have only 125 days to go before USCPA exam!


(I feel the winter is going away and the spring is coming just around the corner.)

Around a year has passed since I started learning Chinese, though I haven’t been studying Chinese for months, because I’m now dedicating myself 100% to USCPA exam prep.
The result of my dedication will turn out to be PASS or FAIL by the end of summer.
I have to be aware of my schedule at every single minute so as not to waste time any more.

过去 (guo•qu / 4•4 ) pass
by nn_77 | 2006-03-24 17:51 | 汉语 | Comments(3)


Thursday, March 23rd, 2006
-------AUD:8/1  BEC:8/2   FAR:8/3  REG:8/4

*I have only 127 days to go before USCPA exam!

【4:00 a.m.】 Good Morning!
I'm a bit hungover... I always hate drinking again after having drunk that much. But I always come to like it again somehow.
I'll go over Govt. & NPO ACCT today.
by nn_77 | 2006-03-23 04:14 | USCPA (general) | Comments(2)


Thursday, March 23rd, 2006
-------AUD:8/1  BEC:8/2   FAR:8/3  REG:8/4

*I have only 128 days to go before USCPA exam!




今よりもっとまっすぐに、そして、背負うものも無く、ただ純粋に、英語学、ディスカッション、ディベートのなんやかんやを、ひたすら頑張っていた大学時代のあのころを、すこし思い出して、心の中では、独りホロリ。T君はどう思っていたのだろう? 親友と呼ぶのは呼ぶほうの勝手だが、そう呼べる友がいる自分は、やはり幸せだ。

Many things occured to my mind today, meetin' and talkin' with various people today!

....there seem to be more to write here today, but I'm too much drunk and it's 1:00 a.m. now... I've gotta go to bed to get some sleep and HAVE TO wake up in a few hours to study USCPA exam subjects.

by nn_77 | 2006-03-23 00:53 | 仕事 | Comments(0)