Conspiracy Spending

            GAAP stands for generally accepted accounting principles .  At least once each year businesses who have stock investors have to go through an audit.  GAAP sets guidelines for business owners to keep accurate records so there is no question about how revenues are made, how money is spent and if there is a profit.  As there have been a number of business owners or other workers who have been found to be dishonest (such as these examples) GAAP has seemingly created so many conditions over the years that the audit can be rather time consuming.  This set of guidelines is set to protect the investor as well as the consumer.

           Stockholders can feel more secure with their investments as long as GAAP continues with guidelines, but paying taxes is not the same as investing stock.  Sometimes the government - or some aspects of it rather - can seem to be just as corrupt as some businesses who have failed due to dishonest records.  So who looks out for the taxpayers' money? GASB requires governments to use full-accrual accounting that tax payers may have the opportunity to understand about the governments capital investments and holding as the government should be watched just as much as the for profit business.

                GASB guidelines assist not only with the financial reporting but the fiscal policies as well. In a nutshell, GASB is to the government like GAAP is to the world of business.  Guidelines and regulations for GASB are there for the benefit of the taxpayers as GAAP is there for the benefit of the stockholder.  For the last three weeks I have had to write assignments about GASB.  In my last report I commented on three specific public roads and the amount spent on each project. According to my understanding, the government has to break down that cost to an exactness:  The amount spent on each crew member hired, not only the cost of building material itself, but the cost spent on supplies to insure the safety of the workers, cost of traffic lights (if applied), paint, concrete, tar, and so forth - even the costs of for the temporary method of traffic flow set up until the major road had been fixed.

                I have been wanting to rewatch "Capricorn I" for some time and finally took that opportunity yesterday morning.  I realize not everybody has been or will be a big fan of the movie, but I still enjoy it.  Elliot Gould plays Robert Caulfield, a reporter who has a friend who works at NASA.  When his friend disappears just after making a comment about the mission to mars, Caulfield starts to investigate.  Meanwhile,  Kelloway, played by Hal Holbrook, tells three astronauts (played by James Brolin, Sam Waterson, and O.J. Simpson) that there is a problem with a product and that the government has so much funding on the line they can't afford anything to go wrong.  Thus the three astronauts are driven to a warehouse where they are told to "perform" their mission on a set to save face basically.  When the astronauts realize that they the charade can't last forever, they realize they have to escape the warehouse as their only means of survival.  Their destination is for finding a reporter and camera crew. Made in 1977.  I thought it was a good movie.

                I am so grateful I had already turned in my final assignment as I know my mind would have taken me in a totally different direction and gotten myself in deeper than where I needed to be.  "Capricorn I" is NOT based on a true story . . . but then again (see here) . . . it gives you something to think about.  How far would the government or government sponsored programs be willing to go to keep the public from knowing the truth?  I thought about Deep Throat (here) and Watergate (here), agent orange (here) and wondered if people really disappear when trying to uncover scandals such as these.  Surely those are not going to show up on the accounting journals:

                10,000 to knock off Elliot Whitter,

another 8,00 to hire Alva Leacock to pretend she has been living in Whitter's apartment for a full year,      70 dollars for forged magazine subscriptions and other mail,

               6,000 to tap into Robert Caulfield's breaks,

another 2,000 to for hiring a team that find planted drugs in Caulfield's apartment. 

                2 mil for the helicopters sent to chase the three astronauts, on and on and on . . .

of course the funds would never get recorded in that manner. 

I am done with accounting!  Five or six classes left.  Should be smooth sailing from here on out.  I start two more classes tomorrow.

Side Note:           I don't remember the first time I saw "Capricorn I" but I have some fun 
                    memories                  - both which involve my brother Patrick.

                1)            I was with my mom and Patrick was sitting with a group of friends a few rows back.  The film stopped in the middle of the movie, and it was announced that it would be a few minutes before the projector would be running.  I made a bold move up to the front of the theatre and announced that it was Patrick's birthday and asked those in attendance to sing "Happy Birthday" to him.

                2)            Patrick recorded the movie from a local TV station.  Parts of the movie had been cut out to make room for the sponsor's ads - unfortunately Hal Holbrook's speech had been one of the scenes that had been cut.  Everytime Patrick had friends over who were not familiar with the movie, he would pause where the scene had been cut out and explain what was going on - kind of important to the movie.

                My favorite part of the movie is the end - to watch the expressions of those in attendance to honor the three astronauts - Brenda Vacarro and Hal Holbrook especially as they have the best expressions.  For the full episode of Capricorn 1 see here.

               

Scamming the Scammer

            Funny how since giving the lesson on "Divine Design" to the RS sisters almost a month ago, that I have been noticing more parallels and "divine design" examples in so many lives that I hear about.  Last week Jenna and I watched this story on Sunday Morning - a program that Roland has on almost every Sunday I have known him.  

            He was in the kitchen making breakfast for Jenna and me when the Steven Hartman shared his piece about an unlikely friendship between Ben Taylor from Ogden, Utah and Joel Willie from Liberia.  Joel was in need of money and has been using facebook to connect with strangers to invest in a business.  Ben Taylor accepted his friendship that he might keep Joel so busy that he wouldn't have time to scam anyone else.  Joel's interest was in an electronics outfit located in New Jersey, but Ben had googled the address and the location seemed suspicious as it appeared to be a dumpground for trashed or stolen cars.  He had even called the police to investigate.

            Ben changed directions to "scam the scammer" and said he was interested in purchasing photography and that perhaps Joel could send him some pictures of a Liberian sunset - I am uncertain at how the photographs were received.  They weren't great photos and no indication that the sun was setting.  Ben told Joel that they were great but needed something different and finally blamed the camera for an imperfect quality and purchased a small red digital camera for $60. and sent it to Joel.  

 Joel sent him photos of people and places in Liberia and Ben created a book and put it on the market.  The book raised $1,000 - which in Liberia is an unbelievable huge amount.  

            Ben told Joel he was sending 500 dollars for him to keep and would send another 500 if he would give it all to charity - which Joel would have probably done anyway.  He purchased school supplies and paid for transportation to distribute to five schools and sent Ben more photos of his actions.  Shocked with all that had taken place, Ben flew to Africa to meet Joel. 

CBS photo

 Was it coincidence or by divine design?      

            For more accurate story and interview with Steven Hartman, see here 

CBS

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In the News

Sometimes there are stories in the news that just seem oddly interesting.  I am sad for the good Samaritan in this first story.

A good Samaritan sees a car crash and calls 911.  He walks toward the accident to see if those involved are okay.  He was injured in the process.  more here

This next one made me laugh

Officer pulls over to assist driver of stalled car and discovers 22 pounds of Marijuana in the back seat  here

 this next story (video) has made the news stations for three days at least

student and employee at UVU is arrested after “correcting” a confusing sign.  Here

 I really like this story, too: 

an off duty officer recognizes bank robber leads to arrest  here

and BYU gets a new president’ here

and why not throw in a human interest story about Despicable Me and other here