Last few days have been really hectic for me. Two back to back movies, one 3 day adventure program, two quizzes, and one expected but not conducted quiz, this was my last week!
First thing first, Thursday night I saw
Aamir. I must say it is a fantastic movie. It leaves impact on you not because it is fast or is different from "love" or "action" movies, but you think that you can be in position of aamir some day. I would strongly recommend it. A cup of coffee and then I saw Black Friday. Another must see movie. Watch it if you get time.
An outbound adventure program (organized by
TSAF: TATA Steel adventure Foundation) was scheduled on Friday, Saturday and Sunday. It was one of the best things I did in recent times. Obstacle race (crawling, walking on rope, monkey rope, Tarzan rope etc.), rock climbing, rappelling, caving, chimney climbing were the few activities we did in an area which was absolutely jungle. It’s fun when you have to set up your own tents, your day starts at 5 am and you have lots mosquitoes to accompany you when you go to sleep.
Third day was fantastic. We went to Dimna dam for water sports. We were divided in groups of 6-7 people. We drove our raft in the middle of dam and just with life jacket, I was thrown into water. Trust me it’s not fun when you have hydrophobia. But then I started enjoying. Now I regret I should have learned to swim quite early. Nevertheless I would do so now.
I will upload photos of adventure program soon.
Apart from that we had 2 quizzes viz. accounting and Marketing. And then there was rumor of Economics quiz. Now I think mostly it will be on Monday. This weekend another batch is going on adventure program, so I have free time. Quant quiz, Marketing project and economics assignment and couple of movies are just few things that are in line, but I am going to update my blog frequently henceforth.
Before I log off, here is one question for which I couldn't get satisfying answer - Subject is accounting. See if you can help me.
In balance sheet, we show assets at book value (original - depreciation). And we call balance sheet is the document that indicates financial health of an organization. Is it then really true? A firm like TATA might have bought a building in Fort area of Mumbai for couple of thousand rupees and today it will be worth of many crores. So when TATA shows the value of building in terms of book value (may be in thousands), isn't it underestimating its financial health?
I got following two answers for this:-
1. Doctrine of conservatism tells you to underestimate assets
2. If you show assets at market value, you will have to show profit in your Profit and loss account and ultimately pay tax on that. No company wants to pay tax on income which is not even generated.
I accept both of the answers, but still it does not answer my question, does really balance sheet indicate financial health of company?
You may find the question very stupid and I don’t give a damn if you find so. If you have some convincing answer, leave a comment here or reply on my email: niraj.thegreat@gmail.com