An Intelligent Accounting Blog

...or a cheap mockery of my study efforts. You decide.

Before you lies the Annual Report of the corporate entity "You're a Blog, Incorporated" for the fiscal year ending December 15, 2004. The entity is not actually incorporated legally, but rather the Chief Awesome Officer Chris Condon decided to dupe potential investors by making the word "Incorporated" part of the entity's physical name. That way, YAB, Inc. avoids the legal and securities regulations while enjoying the intangible net gain of "sounding wicked cool."

You're a Blog operates as a not-for-profit-but-would-be-nice newcomer to the Divertainment industry. A combination of the words "diversion" and "entertainment," this industry aims to please its customers, from this point forward known as "readers," by adding one more diversion website to visit as said readers run through their morning cycle of "stuff that ain't work yet." The entity aims to entertain, and occasionally, be thought-provoking. The CAO understands that the provoking of thoughts can be quite dangerous for readers, as they may feel inclined to make said thoughts public via the comments board. The entity's vehicle exists as a website, and despite the literal nature of YAB, Inc., is not a real vehicle. (Although, a future post entitled "Pimp My Blog" make give readers such an impression.)

Hereforth is the financial information that the Securities and Exchange Commission requires real businesses to report to its shareholders. Since the finest form of comedy is parody, YAB, Inc. feels inclined to do the same, despite the fact that nobody really has money riding on the existence of the website.

If anyone really has money riding on the website, the CAO demands a cut.

YAB Inc.'s balance sheet states the snap shot of risk analysis as of 11:37 AM, December 15, 2004. The snapshot was taken with the new Canon Digital Rebel camera, and developed by downloading it to this blog.

As for assets, the YAB, Inc. holds a total of 6 dimes, which have been accruing in value since August, and nothing more. As for accounts receivable, Yoda, the Jedi Master who also in August guest blogged about the Olympics, agreed to one more guest appearance in 2005 in return for a favorable write-up of the new Star Wars DVD Box Set, of which said Muppet was a part. As for Plant, Property, and Equipment, the only other item legally owned by the entity is the post-it note where the CAO writes down oscure things in hopes that during writers' block he has something to blog about. YAB, Inc. acknowledges that some topics on the post-it, including "Halloween Party Recap" may be dated and need to be written off.

On the liability side of the page, the only payable remaining on the books is in Prizes Payable. Since only 1 response came in as far as the CAO knows for "One Hundred," the winner should not be hard to determine. This prize is still a work-in-progress, and is not an executory contract, hence the need for a liability. Also, you're a liability.

Stock has not been issued. Yet.