Accounting OMG I almost fell for these illusions |
- OMG I almost fell for these illusions
- just took REG. final test. too soon to say for sure but....I think I'm all done!!!!!!
- me��irl
- If you were a depreciation method which would you be and why?
- Do you find Excel fun?
- Alternative career paths?
- Help! I'm an accountant who applied for a cost accountant job i really want. I have a phone interview with the CFO soon and need to be able to answer some questions i'm unsure of.
- I won’t be able to earn 150 credits by the end of undergrad. Masters in Accounting or Business Analytics for CPA eligibility?
- Tax Homework on Home Equity
- Points of discussion to ask a partner?
- Graduated 3 years ago, forgot everything, starting a new accounting job in january, any ressources for beginner to help me catch up ?!
- Full-Time School during Tax Season? (Tax accountant)
- I was suppose to take reg yesterday.
- Completed ethics exam not showing up on AICPA transcripts page?
- How to start the year off?
- Net Realizable Value of Accounts Receivable Question
- [University Accounting] Contribution Margin
- Possible CPA Life Line - Input Request
- Is the date an invoice is issued included in the discount period
- Would an ROA of 6.22% be considered good? This is for a company that makes pet food.
- Anyone go to Meet the Firm events/Resume work shops just to scout out the competition?
- Contingent Liability/Commitments Question
- Has anyone studied AAT level 4?
| OMG I almost fell for these illusions Posted: 10 Dec 2017 08:17 PM PST
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| just took REG. final test. too soon to say for sure but....I think I'm all done!!!!!! Posted: 10 Dec 2017 11:23 AM PST title. good luck to all you other test takers. I saw a lot of you guys in the testing center lol Edit: as I sit here downing tequila and waiting for my friend to pick me up I can't shake this weird feeling. I'm happy I'm all done and I have a few promising interviews lined up and I accomplished all my goals this year (besides losing 20 pounds) but I can't shake this anxious feeling. What am I feeling right now? Maybe it's that I don't have any clearly defined goals to try and work towards next? I don't know where I want to be 5-10 years from now. [link] [comments]  | ||
| Posted: 10 Dec 2017 11:04 AM PST
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| If you were a depreciation method which would you be and why? Posted: 10 Dec 2017 05:14 PM PST | ||
| Posted: 10 Dec 2017 12:52 PM PST | ||
| Posted: 10 Dec 2017 08:00 PM PST I'm currently a senior accounting major in college and am realizing public accounting may not be the field for me. Are there any recommended alternative career paths that make a decent salary that I could take before I get myself even deeper in and pursue a masters? [link] [comments]  | ||
| Posted: 10 Dec 2017 07:17 PM PST background: I have done accounting for about 5 years now, but mostly just reporting, and A/R & A/P, with a little auditing and cost mixed in. I now work for the gov. for chicken scratch pay. so I deeply desire this job as it would probably double my pay. So I had a preliminary interview with an HR rep to make sure i wasnt a complete idiot and had a degree, etc. I worked at an automotive plant, and this job will be an industrial type of job. The plant used standard costing. What would a cost accountant do in general on a day to day, and month to month basis? As this is what i will have to tell this guy that i did. Also, the potential job uses the Average cost method (also an industrial type job, repairing equipment), and what would this position do on a monthly basis? I really just need a place to start as far as what these tasks would be, so i can then research and bone up on all the tasks that i'll need to perform in this new job. Thanks! [link] [comments]  | ||
| Posted: 10 Dec 2017 08:26 AM PST Hi everyone, As the title hints, I'm an undergrad student who's looking to pursue continuing education to meet my 150 credits for the CPA. My school is hot in accounting and STEM programs. They've recently converged the two in a "business analytics" graduate degree. I'm highly interested in both accounting (my undergrad degree) and computer science (what I like to do for fun). I'm good at math and have no problem working/learning a lot of hours during the week, so the workload wouldn't overwhelm me. My career path, as of right now, seems to be working public until manager lever at either big 4 or upper middle market (RSM hires directly out of my school each year) and then making the move to industry. My question is, considering the demand for analytics and understanding of tech in business, would the business analytics background benefit me more than the Macc would? Please let me know what your thoughts are, Thank you!!! [link] [comments]  | ||
| Posted: 10 Dec 2017 08:09 PM PST In 2014, Xavier, who is married filing separately, purchased a personal residence for $800,000 and took out a mortgage of $600,000 on the property. In July of the current year, when the residence had a fair market value of $890,000 and Xavier owed $570,000 on the mortgage, he took out a home equity loan for $150,000. He used the funds to vacation in Europe for two months. Q) For the current year, the maximum amount of debt on which Xavier can deduct interest is $ ________ So I assumed the deductible amount is lessor of $50000 (since filing separately) or FMV-Acquisition indebtness which I think is $320000, but I think I am missing something.. [link] [comments]  | ||
| Points of discussion to ask a partner? Posted: 10 Dec 2017 03:26 PM PST Hi, I am going to be meeting with a partner from one of the Big 4 for lunch this upcoming week and I was wondering what are some good points of discussions to have. This is coming from a student who is going to be transferring to a four-year university in CA next fall. [link] [comments]  | ||
| Posted: 10 Dec 2017 05:55 AM PST Hello all, mostly my title, anyone has good ressources online, to relearn debit/credit, how to build a general ledger and the financial statements / balance sheet. and relearn some basic accounting principles [link] [comments]  | ||
| Full-Time School during Tax Season? (Tax accountant) Posted: 10 Dec 2017 04:26 PM PST I passed CPA exams in NC and started working as a tax accountant in a regional public accounting firm in GA earlier this year. I'm really kicking myself for not finding this out sooner, but I recently learned that I'm 3 accounting classes short of meeting GA CPA requirement. I've enrolled in a local online school and the school is paid for, but the classes won't begin until Jan 2, and it will last until March 9. Thankfully, the workload won't peak until mid-March, but it's still 60+hr/week from mid-Feb. I've done school full-time while I was active duty so I know I can survive, but I'm worried that additional stress will affect my performance and I'll be reviewed negatively. The annual performance review is in June, so I really want to get CPA title by then. I'm also pregnant with the second (due late June), so I don't think waiting until the busy season is over is a good option either, although I can probably take online classes in fall. Has anyone else dealt with the similar situation? WWYD? Is this something I should discuss with a manager/partner? [link] [comments]  | ||
| I was suppose to take reg yesterday. Posted: 10 Dec 2017 12:01 PM PST I was gonna take reg yesterday for my CPA, and hopefully have passed it allowing me to move on with my life being my fourth and final part. However, thanks to bad weather they cancelled my test, and with it being the end of the quarter I wont be able to take it the exam until January. I'm just so upset/angry because I was so excited to wake up this morning for the first time in nearly 10 months without a test to worry about. [link] [comments]  | ||
| Completed ethics exam not showing up on AICPA transcripts page? Posted: 10 Dec 2017 05:35 PM PST So I just passed the AICPA ethics course with a 93%. It prompted me to exit the window and check the transcripts page to receive my certificate, but it's not there. Has anyone else had this issue? Does it just take awhile? Thank you! [link] [comments]  | ||
| Posted: 10 Dec 2017 09:02 PM PST We're going through all our typical year-end stuff right now, and I'm wondering if there's anything I should be doing to set up for next year beyond reconciling everything this year. Anybody got any tips? [link] [comments]  | ||
| Net Realizable Value of Accounts Receivable Question Posted: 10 Dec 2017 08:22 PM PST Hi, I'm struggling with the concept of how to calculate net realizable value of accounts receivable. I'm dealing with a problem that uses the following setup: https://imgur.com/tyDmhmQ The question is as follows: If the company determines bad debt expense using 1.5 percent of net credit sales, the net realizable value of accounts receivable on the December 31 Balance sheet would be: The answer according to the answer key is $794,000 but I have no clue where this number is coming from and have searched all over and can't really understand what's happening. I thought the net realizable value was just the net credit sales - bad debt expense? Wouldn't that just be 4,000,000 - 60,000? I really have no clue how they got 794,000. [link] [comments]  | ||
| [University Accounting] Contribution Margin Posted: 10 Dec 2017 08:17 PM PST
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| Possible CPA Life Line - Input Request Posted: 10 Dec 2017 07:42 PM PST Hey folks, I enjoy talking about the CPA exams and the process in general. (What a nerd right?) I've been thinking about putting together a youtube video that covers the exam in a somewhat comprehensive manor that would covor a lot of the topics I've seen asked about in this thread (Application process, studying, motivation etc.). I know a lot of the smaller study material companies have videos but I feel like they are sub par and/or just a ploy for people to use their system. So what I'm wondering is... A) Would anyone want to see something like this? B) What information would you like to see in such a video? [link] [comments]  | ||
| Is the date an invoice is issued included in the discount period Posted: 10 Dec 2017 07:13 PM PST For example the terms being 2/5 n/30 invoice issued on the 28th January. Say I pay on the 2nd of February, is this within the discount period or not? Thanks [link] [comments]  | ||
| Would an ROA of 6.22% be considered good? This is for a company that makes pet food. Posted: 10 Dec 2017 06:50 PM PST I need to determine the overall health of a company. Looking just as the cash flow statement a few other calculations I have are: OCF =1,129. ICP =-455. FCF = $622 Change in cash= $47. From my understanding on the BS and IC things look good overall, Im having a more difficult time making sense of these numbers. If you need more information I can provide that. [link] [comments]  | ||
| Anyone go to Meet the Firm events/Resume work shops just to scout out the competition? Posted: 10 Dec 2017 12:39 PM PST To see how you compare to everyone else? When I first went to these events I felt like a small-fry. I was so unprepared it was crazy! [link] [comments]  | ||
| Contingent Liability/Commitments Question Posted: 10 Dec 2017 06:31 PM PST If purchasing signs a contract to buy a set amount of inventory for a set price, what debt and credit needs to be made if any? In this example, assume the purchase quantity is what the company will consume over 1 year and there are no future anticipated price changes. Payment is net 30 with delivery every 3 months until the full amount has been delivered. If the amount is not material, I assume no footnote is required in the financial statements? [link] [comments]  | ||
| Has anyone studied AAT level 4? Posted: 10 Dec 2017 09:36 AM PST This is a long shot but my last option, does anyone have any AAT level 4 resources (online) that they could share with me? I have no money at all so cant afford the books. Thank you in advance [link] [comments]  |
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