a reason to waste ten minutes of my life

Weekends are times that I wait for like five days a week, and when they arrive I am staring at e-mails from my professors that look something like this...

Accounting 465 Govt. and Nonprofit Accounting Fall 2006

Nonprofit Case Analysis

(40 points credit)

On September 6, 2004, the New York Times published an article entitled “Thousands Missing in Revenue Records of Culinary Charity.” The culinary charity in question was the James Beard Foundation (http://www.jamesbeard.org).

Required: Please read the article carefully and answer the following questions. You may refer to the Foundation’s website for additional information, including the Foundation’s financial statements for recent years. Suggested number of double-spaced pages for each question is indicated in parentheses. Please indicate the source of information (e.g. paragraph 5 of NYT article; Note 1 of the JB Foundation FY 2004 financial statements).

1. What general management problems existed at the Foundation? (1 page)
2. What financial management problems existed at the Foundation? (1 page)
3. Accounting issues (3-5 pages):
1. What accounting recognition, measurement and reporting issues were raised or implied in the New York Times article?
2. How would you propose to handle the issues identified in “a” above?
3. How did the Foundation handle those issues?

Due date: September 26, 2006 in class

And then, I wish the weekend never came. I miss out on all the sleep that I have to catch up. Have second thoughts on whether or not I can make it to a movie or get drunk. I even hesitate calling back all those people who gave me a million missed calls over the week just because I am scared I would loose out 20 minutes which could have been spent on starting at these e-mails and trying to figure out what to write. Its not only about what to write. Its like a life time reading marathon just to get my facts right to make one sentence sound more fancy.

Damn!! I think I just wasted ten minutes on this blog.