Strange Creatures
21/05/2004 08:24 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
izmeinaA strange wave of wistfulness and a sad sort of happiness overcame Iz today as I sat in the courtyard of the Garden of arcane delights and listened to a wonderful discussion on the radio with Michael Leunig.
Izzie is on a mission to introduce his sheer genius to the rest of her friendses around the world, where-ever they may be and has already corrupted at least five people.
Other issues of the day include the practical application of the accounting theory concerning executive compensation, incentives and rewards for performance. Since you cannot be snooping around all the time to see that they actually do the work - second best thing is basing renumeration on results. So therefore, you can pay your employees, managers etc a fixed salary regardless of work done or make part of their payment a bonus based on performance - net income, share price or whatever. .
How shall I begin to explain? Every Friday evening the Izzie starts work on the weekly auditing assignments that are randomly collected throughout the semester and are worth a total of three lots of 5 marks each.
The same situation also applies to the accounting concepts and issues unit where the 3 randomly collected assignments are worth 20% between them. I've been good the last two weeks and had them finished by Wednesday (Friday is collection day) rather than the usual 1am on a Friday morning or even worse - 10.55 am on Friday. The class starts at 11am.
So the question is, since the third assignment has been collected yesterday for auditing and today for the other unit, apart from being a sad studious Granger Mudblood who wants to get 112% in every subject, what reason is there for Iz to do those nasty auditing questionses when she could be typing silly snippets over in Secret Diary Land?
Izzie is on a mission to introduce his sheer genius to the rest of her friendses around the world, where-ever they may be and has already corrupted at least five people.
Other issues of the day include the practical application of the accounting theory concerning executive compensation, incentives and rewards for performance. Since you cannot be snooping around all the time to see that they actually do the work - second best thing is basing renumeration on results. So therefore, you can pay your employees, managers etc a fixed salary regardless of work done or make part of their payment a bonus based on performance - net income, share price or whatever. .
How shall I begin to explain? Every Friday evening the Izzie starts work on the weekly auditing assignments that are randomly collected throughout the semester and are worth a total of three lots of 5 marks each.
The same situation also applies to the accounting concepts and issues unit where the 3 randomly collected assignments are worth 20% between them. I've been good the last two weeks and had them finished by Wednesday (Friday is collection day) rather than the usual 1am on a Friday morning or even worse - 10.55 am on Friday. The class starts at 11am.
So the question is, since the third assignment has been collected yesterday for auditing and today for the other unit, apart from being a sad studious Granger Mudblood who wants to get 112% in every subject, what reason is there for Iz to do those nasty auditing questionses when she could be typing silly snippets over in Secret Diary Land?
