Recent content by naughty

Thats right. A lot of fellow coworkers will sometimes withhold information hoping to make themselves appear more intelligent and knowledgeable. Espcially in the finance and banking environment.

yep agree with you there FetteredChinos. IAS is just too delightful as Aus companies are just finding out with this year being the first time they are switching to IAS in the attempt to keep up with the world (we always seem to be tagging behind the US financial market wise)

Agree with most of your summation Gerard :-) but maybe its different rules here in AUS but i dont agree that shareholders funds are a liability...likely that statement was what confused wisestguy. I would classify ordinary s/h funds as equity. If a business is wound up then creditors(secured...