Conscious Convergence on July 17 and July 18: Another Step Towards Oneness Consciousness

There is nothing burning on the heavenly stove so to speak and we can use this week for balance, rejuvenation and prepare for setting our intentions with the Conscious Convergence coming weekend.

I don’t know about you but I had a ball yesterday with the Solar Eclipse. I described the Solar Eclipse last week as one of the universal windows opening for us to upgrade our consciousness and restart after that moment of darkness into a new perspective on a higher level of understanding. I got a taste of that yesterday with a day of meditation, contemplation and deep inner communion with the divine. I participated in two Oneness events throughout the day and it left me profoundly touched and grateful to be able to be part of this human transition into higher consciousness. It is just so delicious!

If you have been reading my weekly astro reports for a while you are aware of the many astrological constellations we had representing the times of change we are in and we all have a sense of happening all around us.

Change is in the Air

People feel the economy shifting right under their feet, losing their jobs and their financial security. The earth is threatened like never before by man made oil spills, atomic exercises stimulating earth quakes and tsunamis and there is an amazing de-sensitivity towards the cleanliness of our own nest, we are so very dependent on. We do need a change to survive as a specie! We want a change for the better!

And we are so resourceful creatures! I am quiet hopeful that being threatened with extinction we are sufficiently motivated to come up with solutions. There are already more solutions and alternatives out there then you might think. Inventors like the genius Nicolas Tesla have invented endless free energy almost a hundred years ago. Have a look at this video. It blew my mind! But I am not surprised that most of us have not heard from this amazing inventor even if he has been spearheading many aspects of technology we do use today. The greed and power of the rich ones like the Morgans and Rockefellers have been the driving force behind a sellable, marketable energy source they could control like oil and gas. They are not interested in free energy!

Uplifting Our Frequency to the Upper Heart Chakra

My point here is that as long as decisions and choices are dictated by our animal nature, the lower frequencies of survival, greed and power (the lowest three chakras) the separate ego consciousness is in control from that lower level of self. We need to move into the upper heart chakra and into oneness consciousness acting from a whole different level of being.

Many prophesies are talking about the possibility of a quantum leap in human consciousness in the year 2012. The Hopis talk about the two heart-ed people who should rise into unity consciousness. The Mayan calendar gives several significant dates heralding the change in consciousness towards unity in 2012. And we are approaching another one of those significant dates coming weekend.

I just watched the video of Carl Calleman and I like the sincere and down to earth attitude of this famous researcher of the Mayan calendar and its meaning for us. He doesn’t have any of the new age hype many have, using his work.

Also in the oneness community we expect the year 2012 to be an opportunity for mankind to move into oneness consciousness. Oneness or unity, both describe a higher state of consciousness based on a flowered heart center because of the experience of the truth: We are all one! Only if it is a felt experience not just a believe or just positive thinking it will have the power to change the very core of us.

The Conscious Convergence on July 17/18

It is not an astrological event we are talking about here but never the less I thought it is important enough to mention. Carl Calleman calls it a pre-wave for shifting consciousness. He describes it as the chance for us individually to set a clear intention to be part of the change and really wanting the unity consciousness to happen in us. Because it is otherwise an astrologically quiet week we can turn our intention towards this.

“For the first time ever some of the most well-known and respected elders of the Maya: Don Alejandro, Don Rigoberto Itzep and Hunbatz, Men among others, will be signaling through their ceremonies in the West that “it is time.” In the East there will be a Chinese-Hindu convergence in Singapore and Bali. In the North people in Scandinavia will be gathering and in the South, at the roots of the global Tree of life will Bushmen, representatives of the oldest existing culture of our planet, for the first time ever be participating in an event of this
kind together obviously with many others in South Africa.” Carl Callaman

Is it True or Not?

For me personally and as an astrologer it would have made more sense to come together a week earlier on the weekend of the Solar Eclipse. But what is a week in the bigger cosmic picture? Whether you believe in this to be of significance or not, just the focus of so many people all around the planet setting their intentions for wanting to wake up to their true heritage as a spiritual being manifesting a truly exceptional life on this planet should be reason enough to join the forces.

We have the power to join our hearts and hands around the planet this weekend and feel part of the One Spirit. Lets dance together and have fun!

How wonderful and truly auspicious! I always love those movements of joining intentions and focus because I know how powerful they are. You can find out events in your area and join in with your hearts desire. Facebook is overflowing with events of get-togethers.

If you enjoy my perspective on things, please come back and sign up for my free weekly newsletter on my Astrological Signs Weather Report & Healing Gems Blog where I discuss the actual universal astrological forces and the special powers of gemstones and inspire you to use them wisely for a more successful and joyful life. If you feel like passing this article on to some of your friends that would be so wonderful. Thank you so much!

I am truly excited and I am looking forward to connect with you in spirit next weekend, aloha and many blessings, Shakti.

Shakti Carola Navran: astrologer, jeweler and author
1135 Makawao Ave. Suite 310
Makawao, Maui, Hawaii 96768
Phone: 808.878.8182

Working Towards a Global Convergence of Accounting Standards

Although some would consider the U.S system of financial reporting one of the most efficient in the world, many would also point out that we have many inefficiencies. This can be seen through the multiple scandals in major US companies such as Enron and WorldCom, and with rapidly increasing technology and the ability to communicate across the world in seconds, it is clear that a global standardized set of accounting principles will soon be a necessity. Though a convergence of accounting standards to a “one-size-fits-all” method of financial reporting is enticing, there are multiple road blocks that prevent us from instituting a universal system. However, despite the problems, there are many who are working to initiate a global convergence of accounting standards and principles

Though the Generally Accepted Accounting Principles (GAAP) have acted as a suitable and reliable set of standards, it is comprised of items from various organizations that vary in format, unity, and structure, and at times GAAP has been considered inconsistent and difficult to interpret. As financial reporting has been becoming increasingly more complex, stock holders and non experts have expressed concerns about how foggy some company’s financial statements are. Similar to some of the issues expressed by the stock holders, companies have let their concerns with the inconsistency of our current financial reporting system be known. Additionally, they have stated that often times it is very difficult to ensure accuracy in their financial statements given the complexity of the GAAP requirements. The GAAP also tends to be more conservative compared to financial accounting standards in other countries. This is due to, in part, the legal implications that come with issuing a financial statement. In short, accountants are worried about being sued. This differs somewhat from the International Financial Reporting Standards (IFRS), which is primarily based in Europe. Because financial accounting laws are different across the way, it is more difficult to sue accountants. With this conservatism consistent with GAAP, coupled with the lack of clarity of financial requirements, comes multiple public companies restating their previous years financial reports as to prevent lawsuits. In 2007 nearly 10% of US publicly traded companies restated their prior financial reports. Not only is the restatement of financial reports costly to companies, but it also can shake the confidence of their current investors and deter future stock holders.

One major issue in the convergence of accounting standards deals with the detail that financial reports should be presented. While the majority of people in the US who hold stock would prefer a broader more abridged format of financial statements that are easily understood, there are users of financial accounting statements, such as market analysis and other financial professionals, who would prefer a more detailed account of financial reports. Users of financial accounting statements simply have overlapping and conflicting needs for financial data of a variety of types.

We are getting closer to a two system world accounting standard every day. The majority or Europe and developed Asian countries use the IFRS, and the US GAAP is currently the most widely used set of accounting principles throughout the global capital market. Despite the problems that face a global convergence of accounting principles, with today’s rapidly increasing technology, it is looking like more and more of a possibility. In fact, the Accounting Standards Board of Japan (ASBJ) met with the Financial Accounting Standards Board (FASB) in Norwalk, CT on October 22, 2009 to discuss their common goal of instigating a set of global accounting standards. This was their eighth time meeting, and it is clear that a global convergence is a priority. However, that is not to assume that we should expect a universal accounting standard in the near future. There are many cultural and legal implications that must be taken into consideration before a complete and total convergence of principles can be achieved. In order for a universal set of accounting principles to work, the stock holders, market analysts, and accountants must all evolve with the changing market and quickly learn to adapt the new principles. In addition, the legal system must also adapt to this new standard. Initially a set of universal accounting standard will leave the accountants open to significant subjectivity. (Fortunately, this should subside as people become more and more comfortable with a universal system.) Therefore, a modification of the legal standards concerning accountants is a necessity. It would be ignorant to assume that a convergence of accounting standards will be an easy thing to achieve, and financial reporting will remain complex. However, we will see a global convergence of accounting principles in the future. The question is simply whether that future is five years or twenty years away.

Sources:

Kemp, Robert. “A Closer Look At Convergence of Accounting Standards: The Reality of Our World – GLG News.” Gerson Lehrman Group – The Expert Network. Web. 21 Oct. 2009. <http://www.glgroup.com/News/A-Closer-Look-At-Convergence-of-Accounting-Standards–The-Reality-of-Our-World-9184.html>.

“View Point: Convergence of IRFS and US GAAP.” Www.pwc.com. Ed. Edward Smith. PricewaterhouseCoopers, 7 Apr. 2007. Web. 23 Oct. 2009. <http://www.pwc.com/en_GX/gx/ifrs-reporting-services/pdf/viewpoint_convergence.pdf>.

“Accounting Standards Board of Japan Meets with Financial Accounting Standards Board to Discuss Global Convergence.” Public relations, press release distribution, investor relations, SEC filing | Business Wire. Ed. Christine Klimek. 22 Oct. 2009. Web. 25 Oct. 2009. <http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20091022006369&newsLang=en>.

Conrad W. Hewitt, “Opening Remarks Before the Initial Meeting of the SEC Advisory Committee on Improvements to Financial Reporting,” US Securities and Exchange Commission, Washington, DC. (August 2, 2007)

Keiso, Donald E., Jerry J. Weygandt, and Terry D. Warfield. Intermediate Accounting. Thirteenth ed. Madison, Wisconsin: John Wiley & Sons, 2007. Print.