I have to get this out of my system

I actually did the notes on liabilities and the WHOLE freaking answer was written by ME ME ME.

And I did not put it down. Isn't it as easy as.....

For free transportation – liability = incremental cost

• TIMING is an issue.

Recognise when:

- there is sufficient mileage? OR

- when mileage is accumulated?

If recognise when there is sufficient mileage, that means you assume no liability exists until customer is entitled to a free award

If recognise when mileage is accumulated, that means you view that it is very likely that many customers will accumulate the necessary mileage, so the accumulation of mileage is the obligating event. Hence, you use deferred revenue method, recognise liability for free travel when the original transportation is provided.

• MEASUREMENT is an issue.

Is it:

- Amount of assets consumed in providing free transportation? OR

- Forgone revenue from displacing a paying customer due to free ticket?

Airline industry says that there are restrictions on these free travel awards, so the second option is not relevant. If you choose second option, will, significantly overstate probable future sacrifices.

AcSEC allows both incremental cost and deferred revenue method. Samuelson recommends incremental cost.

There. My. Full. Marks.

Dia is very angry with herself, and she knows it is stupid to think about 201 when she has 213.

Hai. Ok. At least I got it out. Nevermind..........................................

a sucker for good byes

Dia is a sucker for good byes.

Kendra is leaving today, previously it was Christine.

And come May onwards, dia has to send her friends off one by one.

Sirong, then Shing and Zac, then Bee and Amanda.

Sigh, gonna be so lonely.

Time really flies, and sometimes, memories are not enough. Memories doesn't give you laughter, joy and companionship. Sometimes, they leave you feeling emptier that ever......

Thursday, April 08, 2004

That date was special, because I was named "some fuckhead frm ASS, malnourished shits. like those juz come frm africa one," among others. It's really funny and interesting reading the older posts from the person who gave me that nick.

The story (from my POV which could be biased) is about girl A who used to like Guy B. Then Guy B got to know girl C. So girl A got jealous, afterall, girl C is from a neighbourhood school -so dumb/ah lian/chinese.

Those who know me - yes, I am girl C. I admit that ASS (the more affectionate name) does have the above attributes mentioned, but hell, I loved my secondary school life.

For those who want to know more, ask me.

Anyway this post is random, and I'd better get back to studying for my exams.

Bye bye metal, hello plastic

Yes.

It is finally off now. Unfortunately, my excitement has died off after:

1) Staring at myself like an idiot in the mirror for 10 minutes

2) Feeling queasy in my stomach from the plastic n my mouth

I have not started studying since yesterday so TIME TO START!

; )

I know its time to sleep

But I am feeling quite sucky now. So I shall blog!

My grumbles:

1. This morning I needed a black cardigan for presentation, and I was desperate so I called one of my friends to borrow it. I think she must be really mad, cos she said "I wanna kill you..." I was kinda shocked, but really its my fault for not bringing my own. So, I kinda deserve it. I bought chocs for her cos I felt guilty.

But anyway, I guess what I wanna say is that it doesnt feel that good to be scolded..at 8 in the morn. But I know I'd sure wont feel good if I was woken up at 8 and I dont have any lessons.

2. 214 report. I mean, why do we need to submit it for class participation marks? WHY?!!

3. The weather is too warm. Really.

4. I can't study with my hall mates, because I feel stressed when I'm with them. I know that's silly, but when people are studying for their 2nd or 3rd paper, and you have not STARTED on your first, its intimidating.

4. It's 1.38 am and I have 6 hours to rest my tortured and tired soul.

Good bye world, good bye sanity.

In order to get a first class honours...

Dia needs to get all As this sem. Which. Means. GPA. 5.

WONDERFUL!!!!!!!!!!!!!!! HAHAHAHHAHA