w88 casino News Network (provided by the w88 casino of Finance)On the evening of April 18, 2016, the Huiyuan Famous Teacher Lecture Hall of the Financial Culture Festival series: Wu Weijun's special lecture - "Audit and Capital Market" was grandly held in the Chengxin International Conference Hall on the third floor. Guests attending this lecture included Vice President Zhang Xinmin, Vice President Yang Changchun, Dean of the w88 casino of Finance Wu Weixing, Deputy Secretary of the Branch Party Committee Wang Chunlei, and Professor of International Business w88 casino Zhu Jigao.
Guests present
Mr. Wu Weijun is an outstanding alumnus of w88 casino. He has also taught in the Accounting Department of the Business w88 casino of w88 casino for many years and has a deep relationship with w88 casino. This time WuWeijunI returned to my alma mater on the occasion of the Financial Culture Festival, expressed my gratitude to my alma mater for its hard work, and recalled the good times of studying and working at the University of International w88 and Economics. Before the lecture began, the host announced that w88 casino had officially hired Wu Weijun as a visiting professor at the w88 casino, and Vice President Zhang Xinmin appointed WuWeijunA letter of appointment is issued. Zhang Xinmin expressed his gratitude to Wu Weijun for his deep concern for the construction and development of w88 casino and wished this event a complete success.
WuWeijunThe theme of the lecture is "Audit and Capital Market", exploring what the future of accounting in our country will be like. First, WuGuardThe evolution of the balance sheet over the past twenty years is demonstrated graphically, and the existence of cash bank deposits, debt receivables, inventories, fixed assets, investments, etc. in the future is explained in detail. WuWeijunsaid: "In the future, balance sheets will be increasingly concentrated on financial assets, and managers will need to have a deep understanding of financial assets and financial liabilities."
Wu Weijun’s speech
Next, WuGuard ArmyExplains three major trends in balance sheet accounting principles. First, move from historical cost to fair value. In the past, accounting costs were calculated based on historical costs. The nature of the current balance sheet is more concentrated on financial assets, and the most relevant information about financial assets is the current price of buying and selling transactions. Second, management's intentions become the standard for accounting. WuWeijunIn connection with reality, this article explains the influence of management intentions on accounting from simple to profound examples. Third, eliminate off-balance sheet items. Professor Wu explained the professional term "drawer protocol" and pointed out that in the increasingly complex financial field,Commitments and guarantees should be moved off the balance sheetOtherwise, you will not know when the risk comes, thus causing huge losses.
Afterwards, WuWeijunPatiently explained to students the economic meaning represented by each letter in the formula for calculating profit, and emphasized the importance of several factors such as pricing, fixed assets, and time. Take the example of charging different phone charges to different groups of people for making calls, WuWeijunExplains the important position of pricing strategy in various industries. In addition, WuWeijunLet students understand the concept of welfare limits by leading them to reason about formulas, lead them to deeply understand the CAPM model through interesting questions and answers, and point out the importance of reducing capital prices.
In the following question-and-answer session, students raised the following questions: Do they want to study ACCA? Will artificial intelligence replace accountants? WuWeijunPutting it to the point that the real identity of accounting is that accounting equals economic truth plus measurement deviation plus bias, and this can never be replaced by artificial intelligence.
After the lecture, amid warm applause from the students, Wu Weijun signed the banner of the 15th Financial Culture Festival and took a group photo.
Staff taking photos with Wu Weijun
