Accounting Coming back from vacation... |
- Coming back from vacation...
- "It's so much easier to fill out the planning forms at the end."
- Just me?
- About to start the CPA journey... again... cheers everybody!
- Just gave two weeks notice and boss told me I was being promoted to controller next week. AMA
- [HotCPA] 3:43 PM. As he rose up from his desk just now, The intern spotted the world's Senior-ologist @LINKEDINdustryIsFUNNN studying his walk to see if he was heading for the door. "Looking to see if I'm leaving?" The Senior asked the intern with a smile. "Even if I was I wouldn't tell you."
- existential CPA studying complaint rant
- Opposite of eating hours?
- Noob accounting question about the corporate income tax rate?
- Who knew 13 Reasons Why characters were accountants?
- Leased assets in balance sheet?
- NASBA is beyond incompetent-NY CPA
- Just took FAR. Ho. Lee. Shit!
- Free Talk Friday
- PSA - You have 2 years after passing the California ethics exam to get your license
- When do you typically hear back for offers after SLPs?
- FAR Sunday, and I know I’m going to fail.
- REG Question Liability
- Is it unusual for tax payable to be higher than net profit before tax?
- Amortization question (Canada)
- Fund Accountant to Fund Admin
- Listening to White Noise at my internship really helps me stay focused. Though, it was kind of awkward when my co-worker asked me what I was listening to...
- Working Capital in Becker (BEC)
| Posted: 08 Jun 2018 05:15 PM PDT
 | ||
| "It's so much easier to fill out the planning forms at the end." Posted: 08 Jun 2018 10:32 AM PDT
 | ||
| Posted: 08 Jun 2018 09:46 AM PDT
 | ||
| About to start the CPA journey... again... cheers everybody! Posted: 08 Jun 2018 09:04 AM PDT
 | ||
| Just gave two weeks notice and boss told me I was being promoted to controller next week. AMA Posted: 08 Jun 2018 03:09 PM PDT Accepted a Corporate Accounting Manager position for with bigger company for 36% more than I currently make (including bonus). I am currently a accounting manager. my new position has so much more room for upward mobility, better overall benefits. Did I win? EDIT: my yearly performance review was supposed to be next week. [link] [comments]  | ||
| Posted: 08 Jun 2018 12:16 PM PDT | ||
| existential CPA studying complaint rant Posted: 08 Jun 2018 01:38 PM PDT hey everyone, feel free to ignore this post, but im just so inwardly frustrated by the CPA process and need to vent and don't want to bother people i know with it i just graduated and am planning on taking FAR, REG, and AUD this summer and taking BEC after i start work. just finished going over the lectures for FAR a few days ago and have started the constant MCQ drills for my test on July 1 im so tired of studying for ~8 hours every day and constantly telling all my friends/family that i cant hang out w/ them due to studying i feel like i dont truly understand anything that im going over, im just reading certain key words in the questions and filling out the correct MCQ answer there's so much information and i dunno how im going to retain it all by the time of my test if i have to study this while im working, i think i might explode; it's horrible enough when it's the only thing i have to do will the CPA even be worth it, i think to myself in the midst of my hundreds of MCQ questions?? automation scares me, if everything i'm doing doesn't amount to anything because the CPA ceases to exist in 10 years, i'll be pretty sad about it plus, what if society ceases to exist in a few years and all of this work really was meaningless i sound so dramatic right now, and i know everyone else has their own stuff going that's probably way worse, but i needed to vent. im sorry. thanks for reading :) [link] [comments]  | ||
| Posted: 08 Jun 2018 03:46 PM PDT Throwing up hours? I get work done too fast /humblebrag. So they give me more work that is becoming a bit overwhelming. How do you record your time accordingly or slow down? [link] [comments]  | ||
| Noob accounting question about the corporate income tax rate? Posted: 08 Jun 2018 08:44 PM PDT Hey guys, I'm just an 18 year old who thought of a (probably really obvious and dumb) loophole regarding corporate income taxes. Let's say a company pays me a salary of $500k per year. The effective tax rate would be about 30.13% using personal income taxes (assuming no standard deductions or deductions for 401k or anything are used, lets keep this simple). However, I just learned that the corporate income tax rate is 21% in the US. If that's the case, then couldn't I just set up a phony corporation to "receive" the 500k salary from the company I work for and pay the lower tax of 21%? Thanks, and sorry if this is a stupid question! [link] [comments]  | ||
| Who knew 13 Reasons Why characters were accountants? Posted: 07 Jun 2018 10:52 PM PDT
 | ||
| Leased assets in balance sheet? Posted: 08 Jun 2018 08:31 PM PDT If a leased asset shows up in an entities balance sheet as an asset, e.g. a leased truck for a logistics business, where is it recorded (the actual physical asset, not the lease) in the lessors balance sheet? [link] [comments]  | ||
| NASBA is beyond incompetent-NY CPA Posted: 08 Jun 2018 11:21 AM PDT I submitted my transcripts and application in EARLY APRIL 2018. I STILL haven't been approved or received a NTS. I had to skip out on taking an exam before June 10th Blackout month because they still are saying my transcripts are not inputted into their system. I talk with NASBA every single day for an update. Today I am told that customer service might not have my application prepared by fucking JULY. This is really fucking me over. Am I a retard who applied too late or is it the clusterfuck that calls themselves nasba being retarded? How hard can it be. Anyone Else drowning in the same boat? [link] [comments]  | ||
| Posted: 08 Jun 2018 04:02 PM PDT So, I posted a couple of weeks ago, and you guys responded in droves with nothing but support and kind words. Thank you so much. Well, I just got home from taking the exam, and that bastard was hard. My general take on the exam is as follows:
This has me worried on multiple points. 1) I usually feel real good about MCs. This was probably my toughest exam for MCs. 2) That one sim destroyed me. I really need that to be one of the ones that gets thrown out, because if not, FUCK! 3) The sims got way easier after that 3rd teslet. Is this because I was bombing the test? My ranking of exams starting with those I knew I passed, to those I felt absolutely certain I failed is:
[link] [comments]  | ||
| Posted: 08 Jun 2018 06:43 AM PDT I've started to learn how to finger pick Landslide and I'm pretty pumped. [link] [comments]  | ||
| PSA - You have 2 years after passing the California ethics exam to get your license Posted: 08 Jun 2018 11:14 AM PDT If you don't get licensed before then, you have to retake the ethics exam. Good ole bureaucratic bullshit at its finest... [link] [comments]  | ||
| When do you typically hear back for offers after SLPs? Posted: 08 Jun 2018 09:58 PM PDT I have PwC's at the end of this month and then two more early July [link] [comments]  | ||
| FAR Sunday, and I know I’m going to fail. Posted: 08 Jun 2018 05:53 PM PDT This may be a silly question but: I'm about to take FAR Sunday. However, over the past month, my job (regional firm, risk advisory) has been cratering towards disaster. I got out in time with a better job, different firm, but the stress and deteriorating relationships with my boss and colleagues has not afforded me any study time. If I get a God awful score, like a 20, on FAR does it matter in the long run? [link] [comments]  | ||
| Posted: 08 Jun 2018 08:57 PM PDT Magic Corp., a regular C corporation, elected S corporation status at the beginning of the current calendar year. It had an asset with a basis of $40,000 and a fair market value (FMV) of $85,000 on January 1. The asset was sold during the year for $95,000. Magic's corporate tax rate was 35%. What was Magic's tax liability as a result of the sale? a.0 b.3500 c.15750 d.19250 answer was 15750 but how and how come 95,000 - 85,000 not taxed / what happens with this [link] [comments]  | ||
| Is it unusual for tax payable to be higher than net profit before tax? Posted: 08 Jun 2018 08:29 PM PDT I'm doing audit and tax for this SME client and at the end, the tax payable I've computed is way higher than the net profit before tax. $50k net profit before tax, tax payable is $118k. The client has very high depreciation exp for current year though. So is it unusual? [link] [comments]  | ||
| Amortization question (Canada) Posted: 08 Jun 2018 12:48 PM PDT Must all assets be amortized on the books? I run a corporation in Canada that is really just a small business. I am the only employee and I take out money when I can. I am in a situation where for the 2nd year in a row my company lost money (1k and 6k). My second year was actually much stronger and I took out a lot more salary including a lump sum right at year end. My accountant says that I will be audited/ my business may be declared a hobby and I will be unable to claim expenses if I show another loss. Last year I lost (more or less) the cost of my franchisee fee amortized over the 5 year term. It seems odd to me that I can be functioning fine (I paid down my line of credit last year from 5k to 0 last year), yet due to this theoretical expense I may have to shut down. I'm interested in some insight. I also submit a portion of my rent as office space as I own a mobile business. Does it make sense/ is it normal for my accountant to claim that when I am already showing a heavy loss? [link] [comments]  | ||
| Posted: 08 Jun 2018 08:11 PM PDT Looking for advice on leaving current staff level fund accountant role with large PE firm after 2 years for Fund Admin with promotion to senior & exposure to different funds & asset classes than I saw in my current staff level role. Working towards finishing up CPA. Is this a backwards progression going from in-house with the fund to fund admin? Was thinking it wouldn't hurt to get more operations exposure on a large scale then came back to fund side when I'm eligible for coinvestment & carry Any thoughts at all would be appreciated [link] [comments]  | ||
| Posted: 08 Jun 2018 11:11 AM PDT
 | ||
| Working Capital in Becker (BEC) Posted: 08 Jun 2018 07:30 PM PDT I'm going through chapter 2 right now and there are multiple choice questions on stuff that is poorly covered (or not mentioned at all) in the readings. Information about float and the cost of changing credit policy is very lacking (and how to do the calculations). Is there any other good resource to explain that stuff? And can I expect it to be heavily covered on the CPA exam? [link] [comments]  |
![[link]](https://i.imgur.com/togXnIl.png){kind=link}
![[link]](https://i.redd.it/2ajavbxmbt211.jpg){kind=link}
![[link]](https://i.redd.it/dli96y1m3t211.jpg){kind=link}
![[link]](https://i.redd.it/vmgidqx0ws211.jpg){kind=link}
![[link]](https://i.redd.it/ol1qn9iwup211.jpg){kind=link}
| You are subscribed to email updates from Accounting. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment