I have recently decided to become a masochist and plunge into reviewing the latest update put out by the prestigious and beloved Financial Accounting Standards Board.Within seconds, I was overcome by a very strong emotion. The last time I experienced something so intense was when I was driving 4 hours to get home in the evening and had to pull over into a McDonald's carpark to snooze.
It was with great effort that I stopped myself from scrolling up and down the Adobe PDF file sufficiently to read the crucial lines that informed me what the esteemed gentlemen of high accountancy were trying to convey.
Before giving it all away, I would like to record for posterity the insanity contained in this update that I downloaded from their precious website. I plowed past the summary pages into the Introduction and was immediately faced with what seemed to be a forest of track changes throughout the document, that had not yet been accepted.
This was also punctuated by bolded and underlined words within a labyrinth of paragraphs that seemed to lead me into the valley of darkness. Welcome to my ADHD nightmare. It didn't help that a lot of the crossed out text were replaced for cosmetic reasons. There were also arrows littered throughout the pages that served as brilliantly as detour signs placed by the Coyote in the Road Runner TV series.
Given that the message of the entire missive basically said "Remember that update we issued in May 2011? Well, fuck that.", it completely baffles me why they even bothered to include illustrations of financial statements with details of comprehensive income with corrections to the numbers used.
I guess I should be thankful. After all, it could have been something I might actually have to work at understanding.
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