Tuesday, July 21, 2009

Mr.IFRS please come in!

This might be contrary to some of my previous posts. When I was looking at why we would should welcome IFRS into India, the following reasons came to my mind:

1. It will make Indian companies more global i.e. our financial statements will speak a language that the foreign investors will understand.

2. We will move towards more accurate financial statements (in the context of measurement)

3. We have created a frankenstein which we alone can tame. This will keep us (accounting fraternity) in the limelight for atleast next 3 years.

4. It is going to create tremendous professional opportunity - job market for chartered accountants is bound to boom!!!!!

Wednesday, July 15, 2009

Sportsmanship - Mr.Ponting do you know what it means?

Dear Mr.Ponting,

Wikipedia defines "Sportsmanship" as conformance to the rules, spirit and etiquette of sport. You complained that the England cricket team wasted the time by sending 12th man and physio on the field when there was absolutely no need for them. You also said that the English didn't play the game with sportsmanship. Now please let me know Mr.Ponting when was the last time Aussie team played the game with sportsmanship.

In the infamous Sydney test, Gilly claimed a catch that was nowhere near the bat, Clarke claimed a catch that was grassed and you followed suit.

Clarke didnt hear what Symmo said nor did gilly but Hayden heard the racist remark that Harbhajan uttered but didnt hear what Symmo said. When Sachin says that Harbhajan didnt make any racist comment but used the "m" hindi word, he is called a liar by your so called "honest and gentlemanly cricketer". Apologies poured in only after an angered nation reacted on baseless allegation on their cricketing god. I am sure you aussies wouldnt have apologized if not for the IPL.

Also keep in mind that you aussies popularized sledging and a perfect example was Michael Bevan throwing the ball towards Lara during a match in Sydney which angered the batsman and consequently lost his wicket.

There are many more examples and you have to admit that you aussies are neither proper winners nor gracious losers.

Remember Mr.Ponting, cricket is a gentleman's game.

My Prof was right "an aussie is an aussie and they stoop to any level to sell a book". (Your own ex coach is a perfect example)

Ardent cricket fan
Mukund