Recently, Lester posted a message on Facebook regarding someone not returning him money. I personally feel that Lester should write it off as it is both Biblical and correct as per accouting treatment. However, one of his friends posted this message which really irked me:

"as being an accounting's student of myself, i recommended u not to write off bcos u ownself will lose a lot, unless this sum of money is small. just treat yourself as an accountant, keep chasing 'her' to pay u back... it's alright if u choose to write off it, at least 'she' must give u a valid reason."

"do u know that an accountant working in company, if the debts had exceeded the credit terms, most probably they will hire a lawyer. they rather pay for the legal fees instead of losing a huge of money. So... think wisely before u write it off. =)"

So, I went to check his credential: Bishan ITE.

Firstly, let me be clear that I've got nothing against ITE, just take a look at how much I love Jan, and how has Jan taught me for the exams, even though he was from ITE. However, this person tried to throw his weights around (if he even has any) and tried to boast that he was an accounting student, giving the false impression that he knows his stuff and brings about self-justification for his nonsense and illiteracy. And so I replied:

"being an auditor of the big 4 and having audited companies from the various industries listed on SGX and elsewhere in the world, i'd sincerely ask you to write-off, and if by any chance it is returned, it'll be a treated as a bonus (other income). by nw, the 'debt' would have exceeded the credit term, and hence provision has to be made to reflect a true and fair view of recoverability. hence, it is better that you write-off.."

If you understand by now, I'm not after accouting standards, because standards are subjective and meant to be twisted. If you know that I can agree or disagree with millions of provision, then you know that such are purely judgemental. What irks me is that the person does not have a heart, and even tried to cover his heartlessness by using accounting as a cover, what the. If you have no character, just admit it, please don't use accounting as a disguise or camouflage. You have tarnished and distorted 2 books, the Bible and the FRS. I can't help but to refer him as scribes and pharisees, who in pretense make long prayers but devour windows' houses. Woe to you!