Dear Fumi,

 

Welcome back from your summer break! It sounds as if you used your time

well. My comments follow.

 

Sincerely,

Prof. S. Stiner

 

s2396055@cc.cgu.ac.jp wrote:

>

> Dear Dr. M. Susan Stiner,

>

> Hello, it's nice to contact you again. How was your summer vacation like?

> I hope you had a wonderful time.

 

I did. I am as bad as my students, in looking forward to vacations,

especially summer. If you go to this site,

http:----------------------------------, you can see what I did on my

summer vacation. I showed that page to my students at Villanova. We

returned to school on August 27 (twenty-seventh). That was way too

early and neither students nor teachers were ready to resume. To see

what my husband did this summer, go here:

http:----------------------------------.

 

Of course, he did much more than visit ---------. He grew a wonderful

garden this year. He planted cucumbers for the first time in years.

They did wonderfully. We had a very dry summer, but he managed to keep

his vegetables moist. We have enjoyed the veggies all summer,

especially the tomatoes.

 

Our daughter, -----, went to --------- with us. She had never seen the

city before, and was willing to tolerate us for a week in order to get

there. She really enjoyed herself.

 

> For me, this two-month summer vacation was very enjoyable and a little

> courageous as I went sightseeing to San Francisco through Sep.17 to 21 myself.

> It was my first flight and travelling abroad, so I had been quite excited about

> that for almost half of the holidays leaving the study unfinished.

  

Wow! You must have been excited, to leave some studies undone. I'm

sure it didn't affect your "cum," as my students say. Pronounced

"Q-mmm", it is short for "cumulative average." That is, it is the

single number that represents the average score all of your course

grades so far. In the U.S., most schools use a four point system. Zero

is an F, (very bad-you flunked). One is a D (terrible, but passing).

Two is a C (average). Three is a B (good). Four is an A (very good).

The cums are usually carried out to two decimal points, e.g., 3.67. I

imagine yours is a 4.00 (Four-Oh, as we say here).

 

> Only buying a flight ticket from travel agent, I ordered a hotel room

> by telephone from Japan, used shuttle van to the hotel, etc. That was very surprising

> and a great experience.

 

You sure are adventuresome! What a great experience! Did you look on

the Internet for plane tickets? Over here, there are often cheaper than

getting them through a travel agent.

 

> I was impressed with the magnificent "Golden Gate Bridge", exotic "China

> Town", charming "Cable Car", great amount of food, clear blue sky, a smell of

> deli or something, and so on. Every scene is still as a dream but clear.

 

Keep those memories forever! I hope you had some help from Fuji (or

Kodak!) to remember. Are you going to put one of the pictures up on

your webpage that you make at the end of this course??

 

I love San Francisco. It is such a pretty town. I love the crazy

hills, as long as I don't have to drive them. I wouldn't want to

negotiate those roads in snow or ice. I was surprised at how chilly it

was in San Francisco. I guess I think of all of California as warm all

the time. It certainly is not in the Bay area.

 

Did you see the Exploratorium? It is a huge science museum. If not,

you have to go back. There are all kinds of exhibits that are

"hands-on." They let you do something: turn handles, look through

microscopes, shout, etc. It's wonderful!

 

Did you see Pier 39? It's so much of a tourist trap, but I love it.

After I've shopped 'til I dropped, I loved to sit on a bench and watch

the water and the people. The only thing wrong with San Francisco, is

that it has this tendency to shake like Jello. Not having grown up with

earthquakes, I find it unnerving when the ground wobbles.

 

> From this dreamlike trip, I realized that I didn't have enough skill or

> ability to communicate with people. I strongly feel I should brush up my English,

> especially that area.

 

Your written English is phenomenal. You learned that speaking and

understanding the spoken word is different from reading and writing it.

I guess we need to add audio to this course! If it is any consolation,

I studied Japanese conversational tapes for a month before my husband

and I went to Japan in 1987. He was to deliver an accounting research

paper (in English). I wanted to have some basic phrases down. I

thought I knew something, until we got out of the plane at Kyoto.

Nothing sounded like anything I had heard before! I got around on your

fellow citizens' darned good ability with English and by showing the

person the phrasebook and pointing to the Japanese translation of what I

was trying to say! The whole time we were in Kyoto I carried a pack of

matches from the PalaceSide Hotel, where we stayed. I don't smoke. I

was afraid I would get lost! My plan was to show the matchbook cover to

a taxi driver and gesture a lot!

 

How did you adjust to our driving on the "wrong" side of the road? I

never did adjust to looking in the opposite direction before crossing a

street. I'm lucky Japanese drivers looked out for gaijin tourists!

 

Next time you venture in this direction, visit the East Coast and stop

in and see us. We'll "put you up" (let you stay in our house) as long

as you can stand us.

 

> In fact, I feel I'm still in the dream. Did I really go there???

 

Just check your bank account! I'm sure it will tell you, YES!

> Thank you for reading. Now, I'm getting ready for your next lesson.

> I'll do my best!

>

>

> Best regards,

> Fumi

 

It is time to resume our talks about accounting, American style. Before

break, we talked about two of the most important financial statements.

These are the balance sheet and the income statement.

 

The balance sheet shows the company's financial picture on the last day

of the reporting period. The income statement shows the company's

profit, or loss, for the entire reporting period.

 

Both the income statement and the balance sheet use the accrual method

of accounting. Under the accrual method, income and expenses are

recognized, regardless of whether cash is received or paid.

 

Cash is such an important asset to a company that American accounting

information users want to know all about it. We have a formal financial

statement, the Statement of Cash Flows, that tells us much about the

cash received and spent by the company. Next week, we will talk about

that statement.

 

--

Prof. M. Susan Stiner