Previous Thread
Next Thread
Print Thread
Page 3 of 12 1 2 3 4 5 11 12
Re: SAGA Financials [Re: iluvbelize] #380101
06/13/10 09:40 AM
06/13/10 09:40 AM
Joined: Oct 2001
Posts: 6,239
San Pedro AC Belize
Diane Campbell Offline
.
Diane Campbell  Offline

"The greatness of a nation and it's moral progress can be judged by the way its animals are treated."

Mohandas Ghandi






Re: SAGA Financials [Re: Diane Campbell] #380102
06/13/10 09:42 AM
06/13/10 09:42 AM
Joined: Oct 2000
Posts: 1,603
iluvbelize Offline
.
iluvbelize  Offline
AMEN!

Re: SAGA Financials [Re: iluvbelize] #380104
06/13/10 09:55 AM
06/13/10 09:55 AM
Joined: Jun 2003
Posts: 983
Keighley
Inplub Offline
.
Inplub  Offline
I only ask how many staff as my concern was how many people would loose their jobs if Saga closed. If you can not ask question's without VERAL ABUSE in return GOD HELP YOU ALL.

Re: SAGA Financials [Re: Gaz Cooper] #380107
06/13/10 10:25 AM
06/13/10 10:25 AM
Joined: Aug 2008
Posts: 3,046
P
Peter Jones Offline
.
Peter Jones  Offline
P
Originally Posted by Gaz Cooper
Well I see some people are already trying to pull the accounting apart.
Quick reminder it is a INDEPENDENT AUDIT
Gaz

Gaz - I'm not going to make any comment on SAGA's accounts or SAGA itself, but what you have just said is absurd. Accounts are intended to be read and interpreted - whole degree courses are run on this - and unless you do so you get absolutely no information from them. The "audit" aspect is restricted in its conclusions - it always is - and it is only based on whatever the accounts themselves say.

The fact that some accounts have been produced (only for the most recent two years of a total of ten that SAGA has been operating) is a major first step, but what the accounts actually say is crucial.

If anyone is interested, I did a quick analysis of aspects of these accounts and have posted that elsewhere. I'll post it here if people want me to.

Re: SAGA Financials [Re: Peter Jones] #380108
06/13/10 10:33 AM
06/13/10 10:33 AM
Joined: Sep 2000
Posts: 953
Asia
Gaz Cooper Offline
.
Gaz Cooper  Offline
I don't see anything I have said as being Absurd

1) I said people are already trying to pull the accounting apart

Its a true statement which can be seen on other sites accusations of money missing etc

2.) Its an Independent Audit meaning it was done by an independent accountant in this case M Fox

Thats a true statement too

What is absurd about those 2 points

Gaz





Re: SAGA Financials [Re: Gaz Cooper] #380113
06/13/10 10:58 AM
06/13/10 10:58 AM
Joined: Aug 2008
Posts: 3,046
P
Peter Jones Offline
.
Peter Jones  Offline
P
You implied by your wording that there was something wrong or inappropriate in people "pulling the accounting apart", whereas this is an essential and normal part of reading a set of accounts. You get very little information from them if you don't.

And you imply that because the audit was "independent" (all audits are, by definition) nothing could be untoward and nothing requires interpretation. This implication is false. How many people I wonder took the statement about the failure to comply with US tax laws to imply that there could possibly be an outstanding tax credit that SAGA needs to do something about?

There are some oddities about these accounts (not unusual - there are with most published accounts). I wonder how many people have spotted them?

Re: SAGA Financials [Re: Peter Jones] #380114
06/13/10 11:12 AM
06/13/10 11:12 AM
Joined: Sep 2000
Posts: 953
Asia
Gaz Cooper Offline
.
Gaz Cooper  Offline
Well Peter its the SAME people pulling the accounting apart they hassle SAGA saying there are no public accounts so SAGA goes ahead and publishes them, and then they start getting a whole new set of accusations thrown at them.

SAGA cant win and its all a bit ridiculous.

Any company accounts can be scrutinized and pulled apart and most have small errors however that should be down to the auditor to identify and correct those after getting the correct information.


Gaz



Last edited by Gaz Cooper; 06/13/10 11:15 AM.




Re: SAGA Financials [Re: Gaz Cooper] #380116
06/13/10 11:34 AM
06/13/10 11:34 AM
Joined: Aug 2008
Posts: 3,046
P
Peter Jones Offline
.
Peter Jones  Offline
P
What accusations have been made concerning the accounts? I haven't seen any, other than Pedro's rather silly and deliberately provocative "these accounts are worthless".

Any errors in the accounts should be identified before the audit certificate is signed and the accounts published. Otherwise what is the point of the audit?

I'm not concerned with errors though. I have just tried to go behind the figures and tease out significant information. What a real accountant is trained to do. Other than one or two minor points I have no criticism of these accounts. Why are you trying to imply that I and others have a "down" on SAGA?

Re: SAGA Financials [Re: Inplub] #380117
06/13/10 11:52 AM
06/13/10 11:52 AM
Joined: Aug 2005
Posts: 222
G
GBZ39 Offline
.
GBZ39  Offline
G
As an accountant and Treasurer of various not-for-profit organizations in Connecticut, the audited figures are better than good.

When you have a charitable organization that ONLY spends 2.4% for promotion and 3.3% for management, you have an exceptionally well run organization. Spending under 10% for those items is almost unheard of...

Obviously there were reporting problems years ago but they seem to have been taken care of with respect to US reporting.


Re: SAGA Financials [Re: GBZ39] #380120
06/13/10 12:06 PM
06/13/10 12:06 PM
Joined: Jun 2003
Posts: 983
Keighley
Inplub Offline
.
Inplub  Offline
Can you tell me please what happens when a Non Profit Organization makes a profit?

Page 3 of 12 1 2 3 4 5 11 12

Links
Portofino Resort- Now with a new BEACH BAR!!
Click for excellent scuba lessons with Elbert Greer!
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
Maruba Beach Klub and Spa is the premiere Secret Beach spa and restaurant located on the crystal blue waters of the Caribbean Sea at the center of Secret Beach, Belize
First Class Accommodations for the Budget Traveler
First Class Accommodations for the Budget Traveler

Things to do

News
Daily News
Daily Weather

Classified Ads
BelizeNews.com
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Amandala
ReefTV
Love FM
The Reporter
PLUS TV
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites
To Get Your Questions Answered

Event Guides
Event Calendar
Specials & Events
Things to Do
SanPedroScoop
San Pedro Fun Finder
Cayo Event Calendar

Blogs
San Pedro Scoop!
Tia Chocolate
Tacogirl
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Belize Happy Adventures
Conch Creative
Caribbean Culture & Lifestyle
More Blogs...
Search thousands of Belizean-only websites
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Click for Ian Anderson's Caves Branch, Welcome to a World of Adventure
Lil Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
October
S M T W T F S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
ShoutChat Box
Who's Online Now
0 registered members (), 94 guests, and 0 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Forums44
Topics75,528
Posts491,212
Members19,985
Most Online5,530
Jun 13th, 2021



AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.7.1