w88 casino News Network (Reporter Li Yuxuan)2016Year4month188204_8346

Guests present

Vice President Zhang Xinmin first delivered a speech. He outlined to the audience Wu Weijun’s outstanding contributions as an alumnus in the development of w88 casino, and emphasized the value and function of auditing work in information quality and capital market maintenance. Later, Zhang Xinmin issued a letter of appointment to Wu Weijun and hired Wu Weijun as a visiting professor at the w88 casino for the second time.

Give a speech and issue a letter of appointment

Engaged26Wu Weijun, who worked as an auditor in 2001, first put forward: "To explain it in layman's terms, auditing means auditing accounting." So he started the lecture with accounting. He started with the evolution of accounting statements, and through asking questions and interacting with the audience, compared the accounting statements today with20The difference after years. He pointed out that the future balance sheet will be increasingly concentrated on financial assets, so when managing, it is necessary to have a deep understanding of financial assets and financial liabilities.

Subsequently, Wu Weijun analyzed the changes in accounting with clear logic. He pointed out that the first change is from historical cost to public value. When the nature of the balance sheet becomes more focused on financial assets, the calculation of historical cost in accounting should also become the calculation of public value in financial capital. The second change is that management's intent becomes the standard for accounting compliance. The third is to eliminate off-balance sheet items.

During the explanation process, he emphasized the need to use the most common language to explain the most profound theories. Wu Weijun demonstrated the importance of pricing strategy by citing examples of charging phone calls for different age groups and different time periods and handling deposits in banks. He highlighted the importance of managing timelines by explaining examples of Tsingtao Beer's raw material prices and airline oil costs changing over time. Popular examples, humorous expressions, and appropriate body language boosted the atmosphere of the scene and won rounds of applause from the audience.

Audience questions

In the live question and answer session, the audience asked questions about the impact of the introduction of artificial intelligence on the accounting and auditing industries. Wu Weijun first affirmed the fact that artificial intelligence can indeed replace some jobs in the accounting industry, and believed that the introduction of artificial intelligence will make the accounting industry more efficient. He then cleverly reinterpreted the accounting identity: “Everyone knows that the accounting identity is ‘asset=Liabilities+Owner’s Equity’, while the real accounting identity is ‘Accounting=Economic Truth+Measurement bias+Prejudice’. "Bias in accounting mostly comes from the intentions of management, and the truth of the economy must be discovered and pursued by people. He told the audience that the real accounting equation must be completed by people, and artificial intelligence cannot replace it.

Finally, Wu Weijun, Wu Weixing, and Zhu Jigao signed the Financial Culture Festival scroll and took a group photo.This event is hosted by the Student Union of the Youth League Committee of the w88 casino of Finance.

Taking a group photo