Digital Box

 Years back when I was about to give up on my life. One day I saw a boy selling some stuff. That courage to fight for a life, no matter what, made me to work on my dream. Again after years of failure and unimaginable level of work I am carrying or I tried to carry, lead to conclude effort is not worth.  Scriptures repeatedly warn not to be egoist to think you are doing. Rather it is correct to say that all is MAYA of the Lord. Since my eyes are still not wise enough, I think I am working and I have a right to give up on myself.  Then a Doc, and her inspiring work or aspiration to work came to my doorsteps, or I got chance to observe her aspiration. I don't know where it strikes but again I give up on false ego, rather than on my dream to achieve unachievable for my motherland and my mother. I believe that a God gives you a blessing in an unexpected form. I waste time reading scriptures to find what my heart really want, and suddenly it light up just before my eyes. Sincer...

 Let us try to further our quest for making contract law useable for accounting and auditing. Auditing standards commonly use the term events and conditions to be audited. Except for balances c/f all accounting can be divided into that of events and conditions.  There is nothing as such accounting event, rather there are economic events which the accounting try to record and later classify and present according to financial reporting standards. For our purpose of accounting in an entity level, it is best to use microeconomic events to be event and further classify macroeconomic events as external conditions and contractual conditions as internal conditions which need to be accounted for. Under contract law, we are concerned about microeconomic event from contracts and internal conditions only.  These microeconomic events are purely exchange events which can be further divided into internal exchange and external exchange. But in pure contractual nexus vision of the organiz...

 When you see a train of people going after a dead body to perform last ritual, you may feel sad that someone left. But what we fail to realize is one day we have to meet the same fate.  I use to think that I will know the truth and truth will cure the death and people will be able to come back from deathbed. My all time favorite SAVITRI by Sri Aurobindo depicts how Savitri take back her dead husband. Longing for knowing truth with the help of Physics, Mathematics then turning face towards religious texts, nothing satisfied me. Arts and Law helped to understand human necessities and necessities to manage its activities.  Yet what is death? I don't know my birth and by blessing of God I think I will not know my death too. Then this madness called Life, a mass packed with limitless desires running here and there for life, own life, and some evils running towards others life. I don't know why Poets said soul will not die, and soul being the ultimate that know or for which th...

 First thing before turning pages of contract law, accountants should keep in mind that they are neither going to be lawyer (some may but by earning law degree) nor they are judges to provide justice. I too did learn some chapters of contract law during my CAP I phase and it was amazing how my teacher taught. But later with some experience of auditing and course in Law too, I came to realize what we have learnt is in light of lawyering and not in light of accounting.  Then let us try to synchronize contract law with Financial Reporting & Financial Auditing with presumption that the readers know basic features of Contract Law. 1. Contract Law facilitate the commercial transaction without need of Government interference in private affairs of parties.   2. Financial Reporting facilitates decision making during the course of commercial transactions by providing numbers to the Capital Accumulation and any effect on such process of accumulating capital. 3. Financial Re...

 May God forgive me for writing about something I am not well equipped for. But it is how they said, perform Yanja (Yagya), give up something you hold and move forward, that is how you will acquire knowledge, power, wealth or skills.  Let us build our own Socrates to search for knowledge. My Socrates will do following for me to discover knowledge: 1. First he/she will examine within, the knowledge database of own 2. Reexamine the self belief by being overly critical for internal inconsistency and with reference to external new information acquired 3. this external reference will be acquired in the form of dialogue with someone who are able to talk in the subject 4. by engaging step by step construction and demolition of ideas with that of collaborator of the dialogue help to destroy accumulated belief.  5. finally the truth for the time reached (i.e. until some other contradictory evidence surfaced)  Let us build God Indra to win over knowledge (for kings win, accide...