Adrian Bex Blog

Accounting is about providing a clear and accurate picture of a company's financial health. To ensure this clarity and reliability, accountants adhere to a set of fundamental principles that guide their work. These principles can be grouped into four key areas: Objectivity, Quality of Information, Prudence, and Periodicity. Before we begin, I have to say that I am writing this as I am preparing myself for the first exam of financial accounting. The course that I am taking spans for one year. I am based in Antwerp, Belgium, so the accounting treatment provided here is aligned with the Belgium GAAP and IFRS, and may be different with US GAAP. I wrote this based on this book: Book: A Practical Guide to Financial Accounting 1. Objectivity Objectivity means that financial information should be unbiased, verifiable, and based on factual evidence. This is achieved through several key concepts: 1.1 Unit of Measurement : All transactions are recorded using a single, stable currency, like th...

Commercial transactions form the foundation of a company's operations, involving the essential activities of purchasing and selling goods or services, as well as managing the corresponding payments. In this post, we will examine the accounting treatment of these fundamental transactions, using the example of BexCo, a pet food and toy company, to provide a clear illustration of the principles involved. This analysis will follow the various categories of commercial transactions encountered by BexCo. Each category will be defined, the key relevant accounting accounts will be identified, and illustrative examples with solutions will be provided. Before diving into the transaction categories, we will first explain the fundamental calculation of the total invoice amount, including Value Added Tax (VAT). Before we begin, I have to say that I am writing this as I am preparing myself for the first exam of financial accounting. The course that I am taking spans for one year. I am based in An...

 I wrote this essay as part of evaluation for a course Foundations of International Business taught by Prof. Sascha Albers. This is one of my favorite courses in the first semester of my business economics education. I emigrated to Europe in September 2021 to obtain my first master’s degree in environmental science. I was privileged to be enrolled in a program that allowed me to live in three countries. When I was younger, I already knew that every individual is unique, and every society is of different characteristics. However, in the wake of social justice and equality movements, I became convinced that everyone is inherently human, and we are all equal - the same. Back to my experience living for a relatively extended time in different European countries, I noticed the subtle nuances of how people think and behave differently. Even within the same country, the culture may be divided by multiple factors (suburbs vs urban areas, languages, political views, history, etc.). Then it ...

Love. It's such a confusing thing, isn't it? I say I want it more than anything. I think it'll give my life meaning, anchor me to something real. But then, it's also like stepping into a storm on purpose. I know it'll shake me up, turn everything upside down, and leave me wondering who I even am when it's gone. Photo by self-documentation, taken on 19/12/2021 in front of the Centre Pompidou in Paris, France But why him? Why is it his face I see when I close my eyes, his voice I imagine when I drift into sleep? It is not just the physical desire, though that is there, loud and unrelenting. It's more like he's taken up residence in my head and heart. He's there even when he's not. For me, love isn't about big, showy moments. It's the tiny things that feel huge. The way he tilts his head when he's thinking, his laugh, how he types on his computer so fast, the way he puts effort into his salad, the exact way he smiles. Things nobody else ...