There was once when I was doing my auditing job, one of my colleague pops up this question out of no where. He said,
" Who the hell created accounting? I'm gonna kill him if I were to know him. "
He was actually the team leader of the very-tight-deadline interim audit engagement for the Company, Boral Plasterboard. I've got much respect for him.
I finally know now, who is the founder of the stupid accounting theory. There shouldn't be any theory in the first place. According to CPA Australia:
Some people could argue that 'theory of accounting' is a nonsensical and inappropriate label given to a particular physical activity, which is the ' accounting '.
Such people could point out that many, if not most, physical activities take place without the need to operate according to a 'theory'. Were this not the case, every human activity could be defined as a 'theory'!
In one sense, it's easy to understand the point being made here. It does seem ludicrous to talk of, for example, the 'theory of walking the dog'. While some human activities might not be underpinned by theory, accounting seems different. If there is no theory of accounting, how does one explain the existence of accounting rules? Perhaps we need to broaden up our idea of what a 'theory' actually is.
Present-day accounting theory is largely based on the principles of historical cost accounting (HCA). HCA was not invented. Instead, HCA was codified (i.e put in writing) by detailed observation of accounting activity, with inductive logic being used to infer higher level principles and objectives. Observers noted that accountants generally record events on the basis of transacted amounts, and inferred from this that accounting operated according to the principle of 'historical cost'. However, not all accounting principles are based on historical cost. For instance, revaluation of property is not transaction-based activity.
Early attempts by members of the accounting profession to document the concepts of accounting can be traced back to the 1920s. Over time, various efforts have been made to codify accounting activity on the basis of observation. Among them were authors who have since come to be regarded as founders of accounting theory:
Paton (1922); Sanders, Hatfield and Moore (1938); Gilman (1939); Paton and Littleton (1940); and Grady (1965).
One of the most famous codification exercises was that carried out in the 1960s by US accounting researcher Mr. Paul Grady. After a long period of observation, he produced his 'inventory of generally accepted accounting principles', also known as GAAP today. Grady made explicit the fact that GAAP rested on a number of principles, including that of using historical cost to record transactions.
For this instance, then what should be a better name for 'accounting'?
His name is Mr. Paul Grady. FYA.
Adapted from CPA Australia Study Guide
Friday, April 28, 2006
Tuesday, April 18, 2006
Have Fun!
Time for jokes.. Please read during work. It helps. These are top rated!
A man dies and goes to Hell. The devil greets him "You may choose which room you wish to enter. Whichever you choose, the person in that room will switch with you. They'll go to heaven and you'll take over until somebody switches with you. So go on, pick a room." The devil leads him to the first room where someone is tied to a wall and is being whipped. The second room has someone being burned by a torch. The third has a man getting blown by a naked woman. "I choose this room!" the man says. "Very well," the devil says. He walks up to the woman and taps her on the shoulder. "You can go now. I've found you're replacement."
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A successful businessman flew to Vegas for the weekend to gamble. He lost the shirt off his back, and had nothing left but a quarter and the second half of his round trip ticket -- If he could just get to the airport he could get himself home. So he went out to the front of the casino where there was a cab waiting.He got in and explained his situation to the cabbie. He promised to send the driver money from home, he offered him his credit card numbers, his drivers license number, his address, etc. but to no avail. The cabbie said (adopt appropriate dialect), "If you don't have fifteen dollars, get the hell out of my cab!" So the businessman was forced to hitch-hike to the airport and was barely in time to catch his flight.
One year later the businessman, having worked long and hard to regain his financial success, returned to Vegas and this time he won big. Feeling pretty good about himself, he went out to the front of the casino to get a cab ride back to the airport.Well who should he see out there, at the end of a long line of cabs, but his old buddy who had refused to give him a ride when he was down on his luck. The businessman thought for a moment about how he could make theguy pay for his lack of charity, and he hit on a plan. The businessman got in the first cab in the line, "How much for a ride to the airport," he asked? "Fifteen bucks," came the reply. "And how much for you to give me a blowjob on the way?" "What?! Get the hell out of my cab." The businessman got into the back of each cab in the long line and asked the same questions, with the same result.
When he got to his old friend at the back of the line, he got in and asked "How much for a ride to the airport?" The cabbie replied "fifteen bucks." The businessman said "ok" and off they went.
Then, as the drove slowly past the long line of cabs the businessman gave a big smile and thumbs up sign to each driver.
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This is a bricklayer's accident report that was printed in the newsletter of the English equivalent of the Workers' Compensation Board. So here, thanks to John Sedgwick, is this Bricklayer's report.
Dear Sir;
I am writing in response to your request for additional information in Block #3 of the accident reporting form. I put "Poor Planning" as the cause of my accident. You asked for a more complete explanation and I trust the following details will be sufficient. I am a bricklayer by trade.
On the day of the accident, I was working alone on the roof of a new six-story building. When I completed my work, I found I had some bricks left over which, when weighed later, were found to weigh 240 lbs. Rather than carry the bricks down by hand, I decided to lower them in a barrel by using a pulley which was attached to the side of the building at the sixth floor. Securing the rope at ground level, I went up to the roof, swung the barrel out, and loaded the bricks into it.
Then I went down and untied the rope, holding it tightly to insure a slow descent of the 240 lbs of bricks. You will note on the accident reporting form that my weight is 135 lbs. Due to my surprise at being jerked off the ground so suddenly, I lost my presence of mind and forgot to let go of the rope. Needless to say, I proceeded at a rapid rate up the side of the building. In the vicinity of the third floor, I met the barrel which was now proceeding downward at an equally impressive speed. This explains the fractured skull, minor abrasions, and the broken collarbone, as listed in Section 3, accident reporting form.
Slowed only slightly, I continued my rapid ascent, not stopping until the fingers of my right hand were two knuckles deep into the pulley which I mentioned in Paragraph 2 of this correspondence. Fortunately, by this time I had regained my presence of mind and was able to hold tightly to the rope, in spite of the excruciating pain I was now beginning to experience. At approximately the same time however, the barrel of bricks hit the ground and the bottom fell out of the barrel. Now devoid of the weight of the bricks, the barrel weighed approximately 50 lbs. I refer you again to my weight. As you might imagine, I began a rapid descent down the side of the building. In the vicinity of the third floor, I met the barrel coming up. This accounts for the two fractured ankles, broken tooth and severe lacerations of my legs and lower body. Here my luck began to change slightly. The encounter with the barrel seemed to slow me enough to lessen my injuries when I fell into the pile of bricks and fortunately only three vertebrae were cracked.
I am sorry to report, however, as I lay there on the pile of bricks, in pain, unable to move and watching the empty barrel six stories above me, I again lost my composure and presence of mind and let go of the rope.
------------------------------------------------------------------------------------------------
A new guy in town walks into a bar and reads a sign that hangs over the bar: FREE BEER FOR THE PERSON WHO CAN PASS THE TEST! So the guy asks the bartender what the test is. Bartender: 'Well, FIRST you have to drink that whole gallon of pepper tequila, the WHOLE thing at once AND, you can't make a face while doing it. SECOND, there's a 'gator out back with a sore tooth...you have to remove it with your bare hands. THIRD, there's a woman up-stairs who's ever had an orgasm. You gotta make things right for her. Man: Well, as much as I would love free beer, I won't do it. You have to be nuts to drink a gallon of pepper tequila and the requirements get crazier from there. Well, as time goes on and the man drinks a few, he asks, 'Wherez zat teeqeelah?' He grabs the gallon of tequilla with both hands, and downs it with a big slurp and tears streaming down his face. Next he staggers out back and soon all the people inside hear the most frightening roaring and thumping, then silence. The man staggers back into the bar, his shirt ripped and big scratches all over his body. 'Now' he says 'Where's that woman with the sore tooth?'
------------------------------------------------------------------------------------------------
One day Pete was complaining to his friend 'my elbow hurts. I better see a doctor'. His friend said 'Don't do that. There's a computer in the drug store that can diagnose anything. It's quicker and cheaper than visiting a doctor. Simply put a urine sample in the machine and it will diagnose your problem and tell you what to do about it. It only costs $10.00.' Pete figured he had nothing to lose so he filled a jar with a urine sample. He went to the drug store. Finding the computer, he poured in the sample and deposited $10.00. The computer started to make a weird nose and various lights began to flash. After a brief pause, a small slip of paper printed.
It said: You have tennis elbow. Soak your arm in warm water, avoid heavy labor, it will be better in two weeks.
Later that evening, while thinking how amazing that computer was, Pete began to wonder if it could be fooled. He decided to give it a try. He mixed some tap water, a stool sample from his dog, urine samples from his wife and daughter. To top it off, he masturbated into the concoction. He went back to the drug store, poured the sample into the machine and deposited $10.00.
The machine again made the usual noise and printed out the following analysis: Your water is hard, get a softener. Your dog has worms, get him shots. Your daughter's using cocaine, get her into a rehab clinic. Your wife's pregnant, it's not yours, get a lawyer. And if you don't stop jerking off, Your tennis elbow will never get better!
------------------------------------------------------------------------------------------------
Superman is bored fighting crime everyday. So one Friday night he decides to go out in the town to have some fun. He drops by Batman's house.
'Hey Batman', he says 'Wanna' go out tonight?' No I can't', replies Batman. 'The Batmobile is broken and I gotta' stay home and fix it, or else I won't be able to fight crime'. 'You loser,' says Superman and flies away.
He decides to stop by Spiderman's house. 'Hey, Spidy, how about hitting the town tonight, you and me,' he says. 'I'd love to, but I can't', replies Spiderman. 'My web is broken and I gotta' fix it to fight crime'. Superman, all disgusted says 'You loser. Stay home on a Friday night and fix your damn web'. So he flies away.
While flying from up above he spots Wonder Woman stark naked and lying down on her back spread-eagle. Superman thinks, 'Hey, I am Superman, I can fly down there at the speed of light, have a quickie and fly back out and she won't even feel it.'
Superman flies down, does a quick in-out-in-out and flies back out at the speed of light. Wonder Woman says, 'What the hell was that?' The Invisible man says, 'I don't know but my ass is killing me!'
A man dies and goes to Hell. The devil greets him "You may choose which room you wish to enter. Whichever you choose, the person in that room will switch with you. They'll go to heaven and you'll take over until somebody switches with you. So go on, pick a room." The devil leads him to the first room where someone is tied to a wall and is being whipped. The second room has someone being burned by a torch. The third has a man getting blown by a naked woman. "I choose this room!" the man says. "Very well," the devil says. He walks up to the woman and taps her on the shoulder. "You can go now. I've found you're replacement."
------------------------------------------------------------------------------------------------
A successful businessman flew to Vegas for the weekend to gamble. He lost the shirt off his back, and had nothing left but a quarter and the second half of his round trip ticket -- If he could just get to the airport he could get himself home. So he went out to the front of the casino where there was a cab waiting.He got in and explained his situation to the cabbie. He promised to send the driver money from home, he offered him his credit card numbers, his drivers license number, his address, etc. but to no avail. The cabbie said (adopt appropriate dialect), "If you don't have fifteen dollars, get the hell out of my cab!" So the businessman was forced to hitch-hike to the airport and was barely in time to catch his flight.
One year later the businessman, having worked long and hard to regain his financial success, returned to Vegas and this time he won big. Feeling pretty good about himself, he went out to the front of the casino to get a cab ride back to the airport.Well who should he see out there, at the end of a long line of cabs, but his old buddy who had refused to give him a ride when he was down on his luck. The businessman thought for a moment about how he could make theguy pay for his lack of charity, and he hit on a plan. The businessman got in the first cab in the line, "How much for a ride to the airport," he asked? "Fifteen bucks," came the reply. "And how much for you to give me a blowjob on the way?" "What?! Get the hell out of my cab." The businessman got into the back of each cab in the long line and asked the same questions, with the same result.
When he got to his old friend at the back of the line, he got in and asked "How much for a ride to the airport?" The cabbie replied "fifteen bucks." The businessman said "ok" and off they went.
Then, as the drove slowly past the long line of cabs the businessman gave a big smile and thumbs up sign to each driver.
------------------------------------------------------------------------------------------------
This is a bricklayer's accident report that was printed in the newsletter of the English equivalent of the Workers' Compensation Board. So here, thanks to John Sedgwick, is this Bricklayer's report.
Dear Sir;
I am writing in response to your request for additional information in Block #3 of the accident reporting form. I put "Poor Planning" as the cause of my accident. You asked for a more complete explanation and I trust the following details will be sufficient. I am a bricklayer by trade.
On the day of the accident, I was working alone on the roof of a new six-story building. When I completed my work, I found I had some bricks left over which, when weighed later, were found to weigh 240 lbs. Rather than carry the bricks down by hand, I decided to lower them in a barrel by using a pulley which was attached to the side of the building at the sixth floor. Securing the rope at ground level, I went up to the roof, swung the barrel out, and loaded the bricks into it.
Then I went down and untied the rope, holding it tightly to insure a slow descent of the 240 lbs of bricks. You will note on the accident reporting form that my weight is 135 lbs. Due to my surprise at being jerked off the ground so suddenly, I lost my presence of mind and forgot to let go of the rope. Needless to say, I proceeded at a rapid rate up the side of the building. In the vicinity of the third floor, I met the barrel which was now proceeding downward at an equally impressive speed. This explains the fractured skull, minor abrasions, and the broken collarbone, as listed in Section 3, accident reporting form.
Slowed only slightly, I continued my rapid ascent, not stopping until the fingers of my right hand were two knuckles deep into the pulley which I mentioned in Paragraph 2 of this correspondence. Fortunately, by this time I had regained my presence of mind and was able to hold tightly to the rope, in spite of the excruciating pain I was now beginning to experience. At approximately the same time however, the barrel of bricks hit the ground and the bottom fell out of the barrel. Now devoid of the weight of the bricks, the barrel weighed approximately 50 lbs. I refer you again to my weight. As you might imagine, I began a rapid descent down the side of the building. In the vicinity of the third floor, I met the barrel coming up. This accounts for the two fractured ankles, broken tooth and severe lacerations of my legs and lower body. Here my luck began to change slightly. The encounter with the barrel seemed to slow me enough to lessen my injuries when I fell into the pile of bricks and fortunately only three vertebrae were cracked.
I am sorry to report, however, as I lay there on the pile of bricks, in pain, unable to move and watching the empty barrel six stories above me, I again lost my composure and presence of mind and let go of the rope.
------------------------------------------------------------------------------------------------
A new guy in town walks into a bar and reads a sign that hangs over the bar: FREE BEER FOR THE PERSON WHO CAN PASS THE TEST! So the guy asks the bartender what the test is. Bartender: 'Well, FIRST you have to drink that whole gallon of pepper tequila, the WHOLE thing at once AND, you can't make a face while doing it. SECOND, there's a 'gator out back with a sore tooth...you have to remove it with your bare hands. THIRD, there's a woman up-stairs who's ever had an orgasm. You gotta make things right for her. Man: Well, as much as I would love free beer, I won't do it. You have to be nuts to drink a gallon of pepper tequila and the requirements get crazier from there. Well, as time goes on and the man drinks a few, he asks, 'Wherez zat teeqeelah?' He grabs the gallon of tequilla with both hands, and downs it with a big slurp and tears streaming down his face. Next he staggers out back and soon all the people inside hear the most frightening roaring and thumping, then silence. The man staggers back into the bar, his shirt ripped and big scratches all over his body. 'Now' he says 'Where's that woman with the sore tooth?'
------------------------------------------------------------------------------------------------
One day Pete was complaining to his friend 'my elbow hurts. I better see a doctor'. His friend said 'Don't do that. There's a computer in the drug store that can diagnose anything. It's quicker and cheaper than visiting a doctor. Simply put a urine sample in the machine and it will diagnose your problem and tell you what to do about it. It only costs $10.00.' Pete figured he had nothing to lose so he filled a jar with a urine sample. He went to the drug store. Finding the computer, he poured in the sample and deposited $10.00. The computer started to make a weird nose and various lights began to flash. After a brief pause, a small slip of paper printed.
It said: You have tennis elbow. Soak your arm in warm water, avoid heavy labor, it will be better in two weeks.
Later that evening, while thinking how amazing that computer was, Pete began to wonder if it could be fooled. He decided to give it a try. He mixed some tap water, a stool sample from his dog, urine samples from his wife and daughter. To top it off, he masturbated into the concoction. He went back to the drug store, poured the sample into the machine and deposited $10.00.
The machine again made the usual noise and printed out the following analysis: Your water is hard, get a softener. Your dog has worms, get him shots. Your daughter's using cocaine, get her into a rehab clinic. Your wife's pregnant, it's not yours, get a lawyer. And if you don't stop jerking off, Your tennis elbow will never get better!
------------------------------------------------------------------------------------------------
Superman is bored fighting crime everyday. So one Friday night he decides to go out in the town to have some fun. He drops by Batman's house.
'Hey Batman', he says 'Wanna' go out tonight?' No I can't', replies Batman. 'The Batmobile is broken and I gotta' stay home and fix it, or else I won't be able to fight crime'. 'You loser,' says Superman and flies away.
He decides to stop by Spiderman's house. 'Hey, Spidy, how about hitting the town tonight, you and me,' he says. 'I'd love to, but I can't', replies Spiderman. 'My web is broken and I gotta' fix it to fight crime'. Superman, all disgusted says 'You loser. Stay home on a Friday night and fix your damn web'. So he flies away.
While flying from up above he spots Wonder Woman stark naked and lying down on her back spread-eagle. Superman thinks, 'Hey, I am Superman, I can fly down there at the speed of light, have a quickie and fly back out and she won't even feel it.'
Superman flies down, does a quick in-out-in-out and flies back out at the speed of light. Wonder Woman says, 'What the hell was that?' The Invisible man says, 'I don't know but my ass is killing me!'
Sunday, April 16, 2006
What is Your True Colour?
A friend recommended a self-test in Tickle. Well, try it out. I have no idea about its accuracy, but it's worth to check it out. No harm doing that alright.
My result is (with comments in brackets):
Your true color is Black!
Your color is black. The color of night. (yeah. I like black. How the hell they know that!) Serene and mysterious, black conjures up images of elegant evening gowns, dashing tuxedos, and gleaming limousines (A hell of descriptive exxageration - Is it true? It might be..). Traditionally a symbol of success, black also represents power and an uncompromising demand for perfection (They know about my horoscope too!). Not surprisingly, you tend to set challenging goals for yourself and do whatever it takes to achieve them — your strength of character is second to none. This unfaltering determination, along with your natural elegance, impresses people (hmmmm.. Did I? I hope I did. It gives motivation and direction to people). But keep in mind that your personality might be intimidating to some. Try to temper your demanding side with a little softness — trust us, it won't kill you (I know that, and I have been controlling it with all my might and consciousness). Overall, though, black is the color of professionalism and achievement, which means it's clearly the color for you. (Yes. You scored above average in reading my mind. Good job!)
What's Your True Color?
Brought to you by Tickle
My result is (with comments in brackets):
Your true color is Black!
Your color is black. The color of night. (yeah. I like black. How the hell they know that!) Serene and mysterious, black conjures up images of elegant evening gowns, dashing tuxedos, and gleaming limousines (A hell of descriptive exxageration - Is it true? It might be..). Traditionally a symbol of success, black also represents power and an uncompromising demand for perfection (They know about my horoscope too!). Not surprisingly, you tend to set challenging goals for yourself and do whatever it takes to achieve them — your strength of character is second to none. This unfaltering determination, along with your natural elegance, impresses people (hmmmm.. Did I? I hope I did. It gives motivation and direction to people). But keep in mind that your personality might be intimidating to some. Try to temper your demanding side with a little softness — trust us, it won't kill you (I know that, and I have been controlling it with all my might and consciousness). Overall, though, black is the color of professionalism and achievement, which means it's clearly the color for you. (Yes. You scored above average in reading my mind. Good job!)
What's Your True Color?
Brought to you by Tickle
Tuesday, April 11, 2006
Football Skills
Football Fanatics. Can you do these?
Tip:Wait till they load, then play one by one. No hurries.
Thanks to Metacafe
Tip:Wait till they load, then play one by one. No hurries.
Thanks to Metacafe
Wednesday, March 29, 2006
Bates? What Bates?
Recently I'm on an assignment to audit Bates accounts, one of the well known advertising company in prior years - fact that that the Company had downsized in year 2003. However, it still have some big clientele though. I can't disclose much here due to my job's independance policy.
What I can see in an advertising company's environment is that, people are better off cheerful and playful, yet hardworking like us because of deadlines too. Not all. Some of them werebusy doing "something else" during the day, that's why they stayed back late. Some of them just have got nothing to do all day! Only some of the minority whom need to stay up late to clear things up, because he/she is resigning. It is now non-peak season, as there are no festivals to get them to working. One of them once told me, when it's time to work, they really have to work. Then I thought - I have been Really working for more about half a year now, it is not over and yet another big project for me is coming - an electronic manufacturing company, Flextronics in Shah Alam! Yeah bring it on.
During the good times of Bates, the directors used to buy most of the furnitures from Bali, Indonesia. Office standards are ensured. Some part of the floor is wooden based, a big aquarium at the front of the reception, and the entrance path is parelled with twin stretches of white stones. Television sound is heard around the office and the pantry as there were speakers hung at some of the high traffic points. Even of Saturdays there is volume output from the speakers. And uh, a smoking room:
Smoking room, formal-ly known as meeting room
I have no idea did they produce that 18 plus warning signage as well?
There were Australians working very next to our cubicles. They used to switch on their speaker phones to talk and they scold, talk loudly like nobody's business.
G (Australian): So, S, do you think I have got a crystal ball here yea?
S (local) : Sorry? Ball?
G : Yea do you think I got a fucking crystal ball that I could see what's going on there in X yea?! You did not fucking call me!
S : We have everything under control bla bla bla
G : You gotta update me alright. I'm like sitting here like a fucking donkey waiting for your call. You need to tell me what's going on there ya!
S : Ok the stage is still Bla Bla Bla ...
G : Alright. -puts down the phone.
G : Talks to himself - Fuck, what's wrong with these people?
Well yeah that's fucking rude for a foreigner yea.
Comes to a notice sticked on the wall, states:
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.jpg)
What an experience in an advertising company. Alot of elements in the Company have its own nature of creativity.
What I can see in an advertising company's environment is that, people are better off cheerful and playful, yet hardworking like us because of deadlines too. Not all. Some of them werebusy doing "something else" during the day, that's why they stayed back late. Some of them just have got nothing to do all day! Only some of the minority whom need to stay up late to clear things up, because he/she is resigning. It is now non-peak season, as there are no festivals to get them to working. One of them once told me, when it's time to work, they really have to work. Then I thought - I have been Really working for more about half a year now, it is not over and yet another big project for me is coming - an electronic manufacturing company, Flextronics in Shah Alam! Yeah bring it on.
During the good times of Bates, the directors used to buy most of the furnitures from Bali, Indonesia. Office standards are ensured. Some part of the floor is wooden based, a big aquarium at the front of the reception, and the entrance path is parelled with twin stretches of white stones. Television sound is heard around the office and the pantry as there were speakers hung at some of the high traffic points. Even of Saturdays there is volume output from the speakers. And uh, a smoking room:
.jpg)
Smoking room, formal-ly known as meeting room
.jpg)
I have no idea did they produce that 18 plus warning signage as well?
There were Australians working very next to our cubicles. They used to switch on their speaker phones to talk and they scold, talk loudly like nobody's business.
G (Australian): So, S, do you think I have got a crystal ball here yea?
S (local) : Sorry? Ball?
G : Yea do you think I got a fucking crystal ball that I could see what's going on there in X yea?! You did not fucking call me!
S : We have everything under control bla bla bla
G : You gotta update me alright. I'm like sitting here like a fucking donkey waiting for your call. You need to tell me what's going on there ya!
S : Ok the stage is still Bla Bla Bla ...
G : Alright. -puts down the phone.
G : Talks to himself - Fuck, what's wrong with these people?
Well yeah that's fucking rude for a foreigner yea.
Comes to a notice sticked on the wall, states:
.jpg)
.jpg)
What an experience in an advertising company. Alot of elements in the Company have its own nature of creativity.
Monday, March 20, 2006
Update on StudioTraffic
So, StudioTraffic has announced its top management has quit, and everyone has let go of it and swore against StudioTraffic. I, too, had finally lost confidence a couple of days later when it declared that Malaysian office (my home country's ST branch) has to be closed down too. ST was experiencing a shakeover since 12/13 March 2006, where most of its members were left dissappointed and some in much despair. I too, felt a sudden lost of direction of life, as the news on management quitting was such a shock! Few days before the deadful day, John Hoaran, the founder was saying about how to expand the business, and after that he announced that the branches will be closed down. No worries. Today, John announced:
Hello,
Due recent events that everyone of you may be aware (Canadian Office resignation, Stormpay have froze our funds, and so forth). Was the main reason of my absence in order to think clearly on a new plan that will let this company on the business of adverstings and keep with your surfings working.As many of you may know Stormpay is withholding unlawfully a quite considerable amount of funds reserve we have with them. This directly affected our regular operation into the advertising business, placing everyone of us in a stressed situation, which mainly affect our Top Managements Structure located in the Canada Office who could not support the pressure of such circumstances. The consequence of this situation was our Top managements Resignation and the Canadian, as well as UK,Spain and Malaysia offices got closed. Causing a quite considerable reduction of our staff at the company.I think this information it is not new to all of you , but as I always told you there is nothing I need to hide you, and show you the current situation .But let me tell you more about this situation and what are the future plans I am working on.Our loyalty and well trained programming staff is still working with us, we have volunteers working on the new plan we are going to launch within a very short period of time. I have interviewed a very well trained and potencials candidates for the NEW Top management Structure. Within in a few days I will make my final decision on whom will be the new Top Managers who will be in charge of recruiting and rebuild the New Staff in charge of the payouts, support. And so forth.Also I do need to tell you, of course due the Stormpay issue, we are not longer taking upgrades through this payment processor. On Paypal we are currently updating the paypal system improving its functionality, planning to launched again.So at the moment we are only taking E-Gold and Studiopay upgrades. Studiopay will just only be available to upgrade using money which was surfing earnings and commissions. Once we have our Studiopay Offices opened again we will let you use this payment processor for outside fundingsAbout the not in profits members let me inform that you will still be able to surf as usual, and your payout, refunds, and staff support (ticket Desk and Online Chat) will be restored once our Top Managers have rebuilt the Staff Crew in a short time.About the in profits members you are considered into the New Project in order to restore your surfing and come back to earn with Studiotraffic.This is my last post till I come back with the NEW PLAN ready to be implemented and with accurate information for you.This will take me a short time.I did NOT run away and hidden from none, as it was said in a few post I have readI hope all members will understand that we are doing our best. We will continue to work hard and make sure this company will keep running.
Sincerely
John
... and therefore, today, as one of the StudioTraffic Premium member, announced to begin surfing StudioTraffic again just like before! If there is really a new management, there will be a new StudioTraffic. Some policies will change and unloyal members are gone. So what's left are .. motivated and ST-appreciable members like me! Should ST revived, I definately will promote ST like never before. Long live StudioTraffic!
Hello,
Due recent events that everyone of you may be aware (Canadian Office resignation, Stormpay have froze our funds, and so forth). Was the main reason of my absence in order to think clearly on a new plan that will let this company on the business of adverstings and keep with your surfings working.As many of you may know Stormpay is withholding unlawfully a quite considerable amount of funds reserve we have with them. This directly affected our regular operation into the advertising business, placing everyone of us in a stressed situation, which mainly affect our Top Managements Structure located in the Canada Office who could not support the pressure of such circumstances. The consequence of this situation was our Top managements Resignation and the Canadian, as well as UK,Spain and Malaysia offices got closed. Causing a quite considerable reduction of our staff at the company.I think this information it is not new to all of you , but as I always told you there is nothing I need to hide you, and show you the current situation .But let me tell you more about this situation and what are the future plans I am working on.Our loyalty and well trained programming staff is still working with us, we have volunteers working on the new plan we are going to launch within a very short period of time. I have interviewed a very well trained and potencials candidates for the NEW Top management Structure. Within in a few days I will make my final decision on whom will be the new Top Managers who will be in charge of recruiting and rebuild the New Staff in charge of the payouts, support. And so forth.Also I do need to tell you, of course due the Stormpay issue, we are not longer taking upgrades through this payment processor. On Paypal we are currently updating the paypal system improving its functionality, planning to launched again.So at the moment we are only taking E-Gold and Studiopay upgrades. Studiopay will just only be available to upgrade using money which was surfing earnings and commissions. Once we have our Studiopay Offices opened again we will let you use this payment processor for outside fundingsAbout the not in profits members let me inform that you will still be able to surf as usual, and your payout, refunds, and staff support (ticket Desk and Online Chat) will be restored once our Top Managers have rebuilt the Staff Crew in a short time.About the in profits members you are considered into the New Project in order to restore your surfing and come back to earn with Studiotraffic.This is my last post till I come back with the NEW PLAN ready to be implemented and with accurate information for you.This will take me a short time.I did NOT run away and hidden from none, as it was said in a few post I have readI hope all members will understand that we are doing our best. We will continue to work hard and make sure this company will keep running.
Sincerely
John
... and therefore, today, as one of the StudioTraffic Premium member, announced to begin surfing StudioTraffic again just like before! If there is really a new management, there will be a new StudioTraffic. Some policies will change and unloyal members are gone. So what's left are .. motivated and ST-appreciable members like me! Should ST revived, I definately will promote ST like never before. Long live StudioTraffic!
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