Poem for corporate finance?
Can you imagine a poem for finance?
hahaha .. funny huh??
it was in my fianace text book.
here goes
QUOTH THE BANKER "WATCH CASH FLOW"
once upon a midnight dreary as i pondered weak and weary
over many a quaint and curious volume of accounting lore,
seeking gimmicks (without scruple) to squeeze through
some new tax loophole
Suddenly I heard a knock upon my door,
Only this, and nothing more.
Then I felt a queasy tingling and I heard the cash a-jingling
As a fearsome banker entered whom I'd often seen before.
His face was money-green and in his eyes there could be seen
Dollar-signs that seemed to glitter as he reckoned up the score.
"Cash flow," the banker said, and nothing more.
I had always thought it fine to show a jet black bottom line.
But the banker sounded a resounding, "No.
Your receivables are high, mounting upward toward the sky;
Write-offs loom. What matters is cash flow."
He repeated,"watch cash flow."
Then I tried to tell the story of our lovely inventory
Which, though large, is full of most delightful stuff.
But the banker saw its growth, and with a mighty oath
He waved his arms and shouted,"stop! enough!
Pay the interest, and don't give me any guff!"
Next I looked for noncash items which could add ad infinitum
To replace the ever-outward flow of cash
But to keep my statement black I'd held depreciation back,
And my banker said that I'd done something rash.
He quivered, and his teeth began to gnash.
When I asked him for a loan, he responded, with a groan,
That the interest rate would be just prime plus eight,
And to guarantee my purity he'd insist on some security--
All my assets plus the scalp upon my pate.
Only this, a standard rate.
Though my bottom line is black, I am flat upon my back,
My cash flows out and customers pay slow.
The growth of my receivables is almost unbelievable;
The result is certain -- unremitting woe!
And I heard the banker utter an ominous low mutter
"Watch the cash flow."
I have something to sayI have finally bought my golf set. It's so nice, cuz now I can practice golf and maybe in the future I'll be good enough to play with my mother in Taiwan and my father's clients in M'sia. I got my golf set because I choose Golf as my physical education in my University. Cool huh? being able to choose what you want for P.E. So I've been playing golf every Wednesday and sometimes on saturday. I'll take some pictures of my golf set and upload it soon k ? hahaha..
As you all know i know how to play guitar and am really into guitar. After one year of learning books on my own and ask for tips from a senior. Someone outsite my school but sometimes come to my guitar club saw that i have potential to be better. After all my hard work, I've fanally been discovered by someone. He also brought me to visit a guitarist who has won serveral guitar competition in Taiwan. After my meet with him, I was shock by his skills for playing guitar. In the end I asked him to be my teacher, and he accepted after watching me play a few songs. Having him as a teacher is not free too, the fees for his class is 2000NT per 4 classes, which is 500NT per class, which is about RM50 per class, and 24SGD per class.
I'm gonna pay for that guitar class on my own, becuase i feel that it worth everything. Just give me 2 or 3 month, and i'll show you guys how much i have improved. Hahaha... I hope i'll be able to compose songs by then. Maybe one day i'll be famous like Kotaro Oshio... ( stop dreaming zack) hahah.... dreaming is free... so why not...
