成为湖泊

一位年老的印度大师身边有一个总是抱怨的弟子。有一天，他派这个弟子去买盐。弟子回来后，大师吩咐这个不快活的年轻人抓一把盐放在一杯水中，然后喝了它。

“味道如何？”大师问。

“苦。”弟子呲牙咧嘴地吐了口吐沫。

大师又吩咐年轻人把剩下的盐都放进附近的湖里。弟子于是把盐倒进湖里，老者说：“再尝尝湖水。”

年轻人捧了一口湖水尝了尝。大师问道：“什么味道？”

“很新鲜。”弟子答道。

“你尝到咸味了吗？”大师问。

“没有。”年轻人答道。

这时大师对弟子说道：“生命中的痛苦就象是盐；不多，也不少。我们在生活中遇到的痛苦就这么多。但是，我们体验到的痛苦却取决于我们将它盛放在多大的容器中。”

所以，当你处于痛苦时，你只要开阔你的胸怀……

不要做一只杯子，而要做一个湖泊。

一切，都會過去的

這是從朋友送給我的書籤上讀到的「箴言」。
當時我正面臨人生的關卡，心情極度沮喪，這句話給了我莫大的安慰與希望。
慢慢地我終於度過難關。

此後，我常對自己重複這句話，逆境果然都過去了。
就這樣，我學到了這種心靈上的新態度，並全心相信：「一切，都會過去的。」
包括最深切的悲苦，或是最愉快的歡樂都不例外。

回頭看看你的一生，從出生起到安頓下來，你聽了一些話，做了一些事，度過哀傷，也歡度過快樂時光；
曾經憤怒、飲泣、流淚、大笑……不管多少個曾經，那又如何？
一切都過去了，不是嗎？

未來會如何？隔幾天，會變得怎麼樣？
你最多不過是笑笑跳跳，要不然就是失望流淚，那又如何？ 反正都會過去的。
生命的遭遇猶如水中的浮草、木葉、花瓣，終究會在時間的河流中飄到遠方。

失意嗎？你可以試著把困苦想像成一滴墨汁，滴到河中，看著河水有沒有改變？
有改變，但幾乎是看不出來的。
就算看出來了又怎麼樣？
一切，還是會過去的。

事情總是來來去去，在萬事順遂時，美好會過去，讓我們懂得珍惜；
在傷心失望時，痛苦會過去，讓我們學會接受。
日子縱使時而有陰影遮掩，煙塵蒙蔽，然而愁霧散去，又將是清澈明淨，雲淡風輕。
試著回憶起兩個月前的這個時刻，你對生活有何抱怨？

你記不起來了，對不對？
再問問自己，十年後這個問題還有多重要？
像現在，就在此刻，不管你是喜也好，悲也罷，
一切,都會過去的.

葡萄酒 Grapewine

Few days ago,i was thinking about one question,can i really set aside something?i always tell my friends to try to set aside their emotion when some problems already settled,and i also think that i can do that,but few questions pop up in my mind recently,i always think why is like this?why is like that?what is the main reason? and all these questions bothered me.then later i tell myself,why i cannot really forget about it and make it as past tense,why should i still thinking about it,and i told myself that i cannot keep it continue,i really need to set it aside,i remind myself about that and finally i manage to do it,i have no more weird feeling about it now and i really feel i put it down.suddenly recall what my friend asks me:"nothing for you is impossible right?",and i told her "yes,there is only i want or i don't want only".so now i know that if i want,i can make it.

while surfing the net,i found the above article,it eventually make me think even further and make me clear about the point and also make me accept the fact more openly.It says for many times,you need to face some difficulty and problems,and all these is necessary for you to take it and it will affect you certainly,so you just take it and make it as a process that you need to go through to become a tougher person,it is just like the grape,it needs time and all kinds of fermentation process then only good wine can be produced.so i will just treat that as a test for us and also a test that i need to take,and now i know the result and i feel very comfortable with what i had done.

生命在等待中消失

『等到我學業完成以後，我定要好好地放鬆自己。』

『等到我生意上了軌道以後，我定要出國旅行，到處遊玩，開開眼界。』

『等到我賺了錢以後，我定要好好地孝敬父母，讓他們過上好日子。』

『等到我買了房子以後，我就會停下忙碌的腳步，好好享受人生。』

『等到我孩子結了婚以後，我就可以安心打牌，毋需再顧慮那麼多。』

等到‥‥‥等到‥‥‥我們總是這樣對自己說，

也總是這樣把享受人生寄托在遙不可知的未來。

似乎我們所有的生命，都消耗在等待上。

曾有這麼兩個年青人，一位是中國人，另一位是美國人。

他們同在某個大城市的一家公司上班，職位相同，薪金相同，

然而所過的生活卻迵然不同。

那位美國人在他上班一年後，

用所賺的薪金分期付款買了一套非常漂亮、舒適的房子，日子過得稱心如意；

而另外那位中國人，卻是租住在一棟非常破舊的公寓裡，

房子又黑又小又舊，彷彿稍微用力一點，整個房子就會倒塌似的。

那位中國人省吃儉用，他告訴自己，等到賺夠了錢，就一定要買棟漂亮的房子，

讓自己住得舒服一點。

二十年後，他終於如願以嘗，

在那位美國人所住的公寓裡買了一套與他一樣漂亮的房子，與美國人毗鄰而居。

結果不幸的是，那位中國人住進新房子還不到一年，

就因多年來營養不良、積勞成疾而撒手西歸。

這就是中國人的悲哀，也是東方人與西方人最大的區別。

中國人顧慮太多，總是把生命用在等待上；

而西方人卻是秉持“把握現在，及時行樂”的人生態度。

如果那位中國人也像那位美國同事一樣，

用分期付款的方法買一套房子，

那他不也是一樣可以在二十年前就讓自己過得舒服一點了嗎？


人人都願意犧牲現在，去換取不可知的等待；

犧牲今生的辛苦錢，去換取來世的安逸。

其實我們毋須等到生活完美無瑕，也毋須等到一切穩定下來，

想做什麼，現在就可以開始。每個人的生命都有盡頭，

許多人往往在生命即將結束時，才發現自己還有很多事沒有做，這實在是一種遺憾。

人生是一張單程車票，失去的便永遠不會再擁有。

千萬別把美好的生命浪費在等待上，把握現在，享受現在，才是最重要的。

Stick your neck out

ACCA paper 3.7, SFM, is FTC tutor Patrick Lynch's specialist subject

Overview Scott Goddard (the SFM examiner) has been studying Strategic Financial Management for over thirty five years, so he can write fairly innovative papers. When you open your exam paper, you may feel in the initial minutes after reading the paper that the challenge is too great. That's OK, that's all part of the process. Students have had trouble acclimatising to SFM papers for years. Take a few deep breathes and score one mark, then another and so on. Remember all you need is 50 per cent, so as the old saying goes "you can get 50 per cent wrong and still pass". Keep your nerve and keep going. If you can get the basics down on the paper you will pass.

Time management
Spend the first fifteen minutes reading the paper then select the questions you are going to attempt in Section B and complete them by 11.00 am. Then choose the more structured of the compulsory questions and complete it the time allowed i.e. 1.5 minutes per mark. Then attempt the final compulsory question.

Review topics for June 2005:

Section A: Contains two compulsory questions, normally a thirty and a forty marker. These compulsory questions will often include more than one core area of the syllabus.

* Interest Rate Risk and Currency Risk: please review both areas in detail. Remember that Goddard wrote a question called Autocrat in December 2002 which for the first time in the history of the paper combined both topics. Ensure you have a solid understanding of both interest rate and currency futures and options!

* Company Valuation: Be able to use and abuse the different valuation methods; Net Asset Valuation, Dividend Valuation Model, Price Earnings Ratio and of course the Present Value of Free Cash Flows (the new name for NPV). The valuation question is often within the context of the Merger and Acquisition environment. Another possibility is that you are asked to calculate an acquisition premium in a share for share merger.

* Foreign Direct Investment - Overseas NPV: Specific items you need to be aware of, the application of double tax agreements, remittances from subsidiaries, use of purchasing power parity theory to estimate future exchange rates and the overall structure of an overseas NPV.

* Investment Appraisal: please review the basic calculation of WACC and Risk Adjusted WACC and the use of deferred annuities and perpetuities within an NPV calculation. Knowledge of real options may be useful.

Section B: At least one of the questions is discursive.

* Dividend Policy

* Term Structure of Interest rate

* Portfolio Theory and CAPM – the calculation and interpretation of summary and alpha tables.

* International economics – I.M.F., Political Risk, Foreign Exchange Rate Systems, Balance of payments deficits. Control of foreign subsidiaries, Treasury Management.

Good Luck

Patrick Lynch

Stick your neck out

ACCA paper 3.6, ACR, is the specialist subject of FTC's Tom Clendon

As you should know Section A contains one compulsory number crunching group accounts question for 25 marks. It has been some time since the examiner has set a consolidated profit and loss account. If he were to set such a question then an obvious twist would be to include the partial disposal of a subsidiary mid-year leaving an associate to be accounted for. It is reasonable to expect in these circumstances the usual type of adjustments such as the impairment of goodwill, elimination of inter company transactions, and fair value adjustments.

However the examiner is more than capable of also including any accounting adjustment or correction. For example there could be a lease that has not been accounted for. As a long shot there could even be another subsidiary, but an overseas one, so it will need to translated before consolidation! The best way to prepare for this question is question practice. Given the compulsory nature of this question it would of course be foolish to ignore group balance sheets and cash flow. The group accounts questions can be very technically challenging but with the right approach, and time management there will be enough marks for you to pass this question.

In Section B there are four questions, all of equal marks, but you only have to attempt three. The most striking question is Q5, which will require a discussion or report. This question will not have any debits or credits in it and neither will it be based on a technical accounting standard.In the past this question has required discussion of human asset accounting, environmental reporting. This question is difficult to tip and therefore to prepare for. The examiner likes to touch on current issues in financial reporting. So what is topical at the moment - well corporate social responsibility is one area, as is corporate governance and of course the impact of listed companies in the European Union switching over to international accounting standards.

Traditionally students do well on this question. That leaves three other questions in Section B. Probably two of these will be about the application of a couple (or more) accounting standards in a scenario. This could mean commenting on why a particular accounting treatment used in the question is wrong, and what the effect on the accounts of making the correction would be. There are several accounting standards like, pensions, foreign currency, deferred tax and leases which could be examined in this regard. Traditionally each exam paper has a question on a current issue.

Historically the introduction of international accounting standards has been very popular, and there is no reason to suppose that this will not continue to be examined. Perhaps though the examiner may look to require the preparation of reconciliations required by IFRS1 First Time Application of International Accounting Standards. Please note that IFRS1 is both examinable on the UK and the IAS paper. The actual accounting of share based payments is something that ought to be examined at this level with figures as well.

Stick your neck out

ACCA paper 3.5, SBPD, is a pet subject for FTC's Sean Purcell

Section A

If you look at the previous papers you will know that this contains a 60 mark compulsory case study on which you are likely to get four questions. These questions are always along a similar theme and you are likely to be required to evaluate the resources or the external environment of the organisation in the scenario.

My suggestion here would be to use the frameworks you have learnt in your studies (e.g. PEST, 5 Forces, 6M's). However do not make the mistake of simply regurgitating the facts of these models as the examiner and markers have commented that this is not only wrong but actually turns them off you! (see previous exam comments on ACCA website). The skill you need to demonstrate here is that you can show the examiner that you know how to apply the models in the context of the scenario. Don't forget the models are meant to act as catalyst for your thought process!

The exam is then likely to ask you to suggest some options, which will enable the company in the scenario to improve its situation. Here again you can use models to help act as a catalyst for your thought processes (e.g. Porters generic strategies, Ansoffs product market). Care should again be taken to make sure that you use the models in an applied way. The other issue to be aware of is that if the exam gives you figures, it is a reasonable assumption that you should use them in your answer. It surprises me how many students ignore them. The key is to behave like a business analyst and comment on the key trends the figures show.

No two sets of figures are ever the same but you should look at the differences in gross margin, revenue growth maybe stock turnover if stock is mentioned. Also remember that you must do theses calculations quickly.Section BHere questions tend to be targeted on a more specific area on the syllabus and there is a choice of 2 from 3. One area that every student should be aware of is the area of innovation and learning (hopefully everyone has taken the shrink-wrap off the Student Accountant magazine and read Ralph Bedrocks article on the role of the accountant in new product development in Jan 2005).

If a question does not come on the exam in the next couple of sittings I will personally do any forfeit PQ chooses. However students need to prepare for a question, which might be quite open and ambiguous and rely on them to create and articulate a strong argument.For other parts of section B It is advisable that students should familiarise themselves with change management, marketing, ethics, international issues and organisational structure. However the key factor that will influence your success in

Section B is that of question selection.

Make sure you read each question (both part a and b if applicable!) and then estimate what realistically you should be able to score. Choose those questions that you feel you can get the highest scores onAlso manage your time and you need to keep a closer eye on the clock than a winning premier league manager in the final few minutes of a game. I would tend to recommend about 1.5 minutes per mark actually writing with the rest of the time (30 minutes) set aside for reading and planning.

Finally remember that it is pointless writing a great answer if it is illegible. Therefore try and get the markers to warm to you by presenting your answer in a logical and legible way. If you do a quick plan and mark focus for each one you should have no problem.Further reading can be done by looking at my articles on the strategic planning process part 1 and part 2 on the ACCA official website

Sean Purcell

端午节快乐

~~ 祝福朋友们端午节快乐！阖家幸福！吉祥如意！~~

我是粽叶你是米一层一层裹住你，

你是牙齿我是米香香甜甜粘住你，

粽子里有多少米代表我有多想你，

记得给我发信息不然我就不理你！

我知道，我不能陪在你的身边。我知道，

我能做的只有遥远的思念。

你快乐吗？你幸福吗？

我默默祝福你。

有分离就有相聚，分别得越久越是亲昵。

我想告诉你，这个端午节我特别想你。

祝福朋友们端午节快乐！阖家幸福！吉祥如意！

說不出的告別- 林志炫

曲:黃峻  詞:樓南蔚

回程的飛機  滑進了無邊的天際  一樣的天氣  兩種心情
裝滿回憶的行李  留在原地  是愛的紀念品
這一趟旅行  寫完了故事的結局  沒有驚嘆句  沒有疑問句
如果我不夠堅定 喊出了你的名字  打破沉默的僵局
我該說對不起  還是稱心如意
我遠遠看著你  保持著安全的距離
卻有個聲音  在我心裡  掙紮著要出去
從你眼睛  看不出你是否找到新戀情
那抹憂鬱  刺痛著我  不可能忘記
我說服我自己  沒有我你會更順心
可能你已經  雲淡風輕  當我是個曾經
是不甘心  還是依然愛著你
在告別之後讓它隨風去(記得我曾經那麼愛著你)
這一趟旅行  寫完了故事的結局
沒有驚嘆句  沒有疑問句
如果我不夠堅定  喊出了你的名字
打破沉默的僵局
我該說對不起  還是稱心如意

******************************************************************

This is a lyric that is talking about when a guy separate with a girl,he did not really say
goodbye to her and leave.After he came back from a trip,he went to see the girl but he dare
not go in front and talked to her.He just looked at her from the corner and he controlled
himself not to go one step to talk to the girl,he realised that from the girl's eye,she haven't
find her hapiness,what he can do is only persuade himself that without her,he will be ok
and the girl will be ok after he left her.I heard Ling zhi xuan sang this songs from a taiwan
programme, i think he sang the song well and feel so touched after listening to it,so just
share the songs and the lyrics out.