Greetings to you from the throne room of grace. These things I write to you using the conceptual frameworks underlying the IFRS and the IAS. I trust your going concern is doing well.
My dear friend, even as you begin 2020 with a positive opening balance, it is my double entry prayer that you operate a balance sheet that reads JESUS=SALVATION + PROSPERITY.
In the name of Jesus, may you undergo a life restructuring where sickness, failure poverty, sin and all others with adverse balances written off permanently to the capital reduction account.
May you consolidate every gain, blessing, favor grace, etc that comes your way as you operate a positive cash flow throughout this year and beyond. Receive grace to effect contra entries of God the Father Son and the Holy Spirit (Trinity) in your journal of life even as your control ledger is credited with all your heart desires and your greatest fears depreciated to a zero Net Book Value (NBV) using reducing balance.
Fellow accountant, record no amortization against the intangible favor, grace and mercy the world cannot comprehend. Your goodwill is without impairment according to IAS 36 leaving a gargantuan retained blessing for your entire generation.
Furthermore, may your account receivables overtake the account payables and all dividends due you declared and paid promptly because you are a preferred son of the kingdom.
Your breakeven point in 2020 would boast of a healthy quick ratio and may you never get insolvent this year!
Finally, may your annual stock taking on 31st December 2020 using FIFO yield a positive Net Realizable Value (NRV) entry for your end of year trial balance.
All this as put together by GOD Almighty and sealed by the blood of Jesus are to give you an end of year financial statements that gives a "true and fair “verdict with no material error, thus resigning auditors to issuing a "clean" audit report to carry you on to 2021.
NB: Enjoy the above and many more under a tax holiday for the rest of your life.
HAPPY NEW YEAR!
Your Senior Partner,
Dickson Kofi Sackyi
+233 24 768 7473