It’s time now for another collection of real-life IFRS-related tweets (or whatever they’re called now), presented here in their original form, with all typos, oddities and possible obscenities intact. I’ve been doing this for years, but it’s not as much fun as it used to be, given the sense of the extravagantly malign Elon Musk lurking in the background (along with all the other wreckage he’s inflicted on the platform, the Musk era saw me locked out of my “ifrscanada” handle and unable to post under it, causing me to switch to “ifrscanada1”). But anyway, let’s press on, with one of the best yet of the many examples we’ve collected over the years of “IFRS” being used as an acronym for something else:

• “The authors summarize the epidemiology, etiology, risk factors, and complications of IFRS and review the anatomy and key diagnostic imaging features of IFRS beyond the sinonasal regions.”

In this case the reference is, magically, to a study on Invasive Fungal Rhinosinusitis in the Head and Neck – this is “…a serious infection that is associated with high morbidity and mortality rates. The incidence of IFRS has been increasing, mainly because of the increased use of antibiotics and immunosuppressive drugs.” As you know, the incidence of our own IFRS has also been increasing, but I don’t think that’s associated with high mortality rates (at least, I hope not). Here’s a visual: Here’s some food for thought, maybe:

• Can you imagine if accountants had to constantly explain to random family members why IFRS (accounting framework) wasn’t ruining the economy/climate/Millenials in the same way that anyone working in crypto has to defend their industry?

I also have no idea what this one means, but it sounds scary:

• i hope ur clan can stay alive for eternity. The blood is not on my hand. It is on your hands. Starvation is d key. Hit them from the inside. I got ifrs I got the physical commodities. What does sogi lanon have? Nothing. Bayag lang

The punchline here was rather undercut by a typo (I assume a “button” is what’s intended)

• My IFRS book should be like Facebook…… at the end of every standard there should be an Unlike bottom!!

The following places accounting principles into a useful Biblical context:

• Hence, we apply IFRS 9 to Mathew 25:15. “To one he gave five talents, to another two talents, and to another one talent—each according to his own ability. And he went on his journey.” Matthew 25:15 BSB
• To one He (God) gave 5 Talents.
• Wow to 1 Person God gave 5.
• Hence, when we apply IFRS 9, on Initial Recognition: 1) The Person with 5 Talents have about 100 Years Worth of a Laborers Wages. 2) The Person with 2 Talents have about 20 Years worth of a Laborers Wages. Hence, everyone of us came into this Life Stacked

The following is a small masterpiece of evocative commentary:

• IFRS earnings = so much hair down there you don’t know where the dick starts or ends

Someone posted the following picture with the request: “Help me caption this photo of our family cat.” To which someone responded:

• Under IFRS 17 Life Insurance premiums are not recognized as Income but as a deferred income in the Balance Sheet,

As good a caption as any I suppose. One extended thread began:

• My entire university life I spent in the back row of the classroom playing poker on my laptop I learned how to check/raise instead of learning the deep rules of Tax Accounting I learned how to construct ranges instead of learning the IFRS Accounting rules Poker was my plan.

But ultimately…

• This game while I loved it was not going to bring me life long fulfillment I’m glad I learned this lesson quickly…I still play poker all the time, but it is merely a side hustle and a game for fun. Sometimes when you take that part away from the things your passionate about they will change dramatically Be prepared and always expand, having plan bs and cs

The writer doesn’t address though whether he went back to learn IFRS. This following person probably didn’t:

• Thank God I dropped that CA thing  I can’t imagine endless IFRS and deferred tax chats ALL THE TIME.
• Those people are boring boring. I hated my KPMG days hence I lasted less than a year on my articles Stiff humans those IFRS peeps.

And to close, a few random others:

• It’s quite ironic how online insecure men easily lie about their professions or accolades to win an argument. It’s cringe. That time he doesn’t know basic IFRS
• It took about 30mins for my friends to explain a ifrs 2 principle . Ive never felt so dumb
• Walked into the living room to hear my husband say, into the phone, “It’s only supposed to wash out after the dispo date. . . Oh, I didn’t realize we were bringing in the SLR. In that case, the IFRS Adjustment Backout zeroes out.” My light! My love! None of those are words.

(And this is me) Well, that’s it for another time. See you next time, and I’m off now to do some work on my sinonasal region! Happy Holidays! And the opinions expressed were, however improbably, seemingly all those of someone…