• Breaking News

    Friday, September 7, 2018

    Home Unlabelled Accounting PwC Dallas employee is killed by police officer who mistakenly went home to the wrong apartment

    Accounting PwC Dallas employee is killed by police officer who mistakenly went home to the wrong apartment

    September 07, 2018

    Accounting PwC Dallas employee is killed by police officer who mistakenly went home to the wrong apartment

    PwC Dallas employee is killed by police officer who mistakenly went home to the wrong apartment

    Posted: 07 Sep 2018 09:14 AM PDT

    When you don't want your senior to edit your workpapers

    Posted: 07 Sep 2018 11:13 AM PDT

    [CAN] me when my family asks how the CFE study is going

    Posted: 07 Sep 2018 04:49 PM PDT

    Found in Bronner’s Christmas store and I think I need this

    Posted: 07 Sep 2018 12:09 PM PDT

    When they dangle the "Partner Track" carrot...

    Posted: 07 Sep 2018 04:55 AM PDT

    The CPA score release wait is torture

    Posted: 07 Sep 2018 03:42 PM PDT

    I have AUD tomorrow. I've taken both REG and FAR this quarter. I can barely study for AUD anymore because I'm so stressed about how I did on REG and FAR. I'm not that worried about AUD, as I've been doing well on all the MCQs... but I just can't take this wait anymore. Ugh

    submitted by /u/IrishFan1995
    [link] [comments]

    Tesla Chief Accounting Officer Resigns After a Month, Stock Down 8% Pre-Market

    Posted: 07 Sep 2018 06:31 AM PDT

    CFO has asked me to lie via email about our sales markup to our outside tax firm in order to qualify for a tax break. Am I going to be liable if I do this?

    Posted: 07 Sep 2018 05:17 PM PDT

    Please help. I just got my CPA and I don't want to lose it in the future due to this.

    I'm hoping I'm just being naive

    submitted by /u/EmiIeHeskey
    [link] [comments]

    REG Sims Rough This Quarter

    Posted: 07 Sep 2018 01:02 PM PDT

    What the fuck is up with Mr. Chang and Mohammed?

    Posted: 07 Sep 2018 03:30 PM PDT

    [CAN] Day 1 - Is anyone that received decile 1 on a response willing to share their response?

    Posted: 07 Sep 2018 05:27 PM PDT

    Please and thank you! It's so hard to figure out what they want vs. the CD response they provide.

    submitted by /u/ead09
    [link] [comments]

    Tesla's accountant quit after concluding Musk was ignoring go-private advice

    Posted: 07 Sep 2018 11:21 AM PDT

    $18/hour Staff Accountant

    Posted: 07 Sep 2018 04:28 PM PDT

    Just coming out of college with a bachelors degree in accounting with 0 accounting experience. I just got an offer for a financial service company. Just out of curiosity, is that good or meh? *my expense is not that much My main goal is to just get the experience for the first couple years since I am starting out. Would like everyone's opinions.

    Thanks.

    submitted by /u/Prof_Want_Us_To_Fail
    [link] [comments]

    (CAN) Congrats capstone 2 passers

    Posted: 07 Sep 2018 09:08 AM PDT

    Was a tough capstone 2 congrats to all those that passed and those who didn't GL next year

    submitted by /u/jaysingh321
    [link] [comments]

    Too old to pursue CPA?

    Posted: 07 Sep 2018 08:41 AM PDT

    Is 40 too old to pursue a CPA? What are your thoughts on the subject?

    submitted by /u/ForeignFlash
    [link] [comments]

    Taking BEC tomorrow

    Posted: 07 Sep 2018 07:06 PM PDT

    Any advice on sections I should focus on? I'm trending in 75-80 on 33 question MCQ, scored a 60 on the Becker mock. Really need this passed before busy season

    submitted by /u/autistotle2
    [link] [comments]

    If there's a policy where the company writes a check to an individual, is it taxed?

    Posted: 07 Sep 2018 06:44 PM PDT

    Sorry , not sure where to ask. If a company writes a check for $1000 straight up to someone , does the someone have it get taxed? Thanks

    Edit: forgot to add the individual is not an employee for the company but a customer

    submitted by /u/oldmanjenkinsthe2nd
    [link] [comments]

    Meet the firm -Fall connection coming up

    Posted: 07 Sep 2018 09:54 PM PDT

    Hey all,

    First off, I am in my late twenties in my last year of college as an accounting major. This will be my first degree when I graduate. So You can say I'm a non traditional student. I am planning to attend the fall connection to meet recruiters and hopefully line up a future job or even an internship. I'll take anything. I don't have any strong work experience to show why it took me this long to obtain my degree. To be frank, It just took me this long to decide what I wanted to study in school. My GPA is really not that great. I've worked through college to pay college expenses and to keep up with bills. It's a common situation I'm sure but I am wondering how can I work up my age into convincing recruiters that I could be a potential candidate? I've had bank teller experience and I'm currently working at a company working alongside the finance director in AR/AP. I don't belong to a SPO but I may try to join one this semester. These work experience I've had doesn't fully put me over the top of other traditional students who probably had more "real" accounting experiences. But I can say that I'm finally at the stage in my life that I know this may be my last opportunity in securing a promising future working as an accountant. Will my age be something intriguing for recruiters or can they easily pass me up?

    submitted by /u/Yesman3
    [link] [comments]

    Workpaper with mistakes is signed off by a reviewer. In your opinion, what percentage of "fault" would you assign preparer and reviewer for the mistakes?

    Posted: 07 Sep 2018 02:09 PM PDT

    Is quitting my job to study for my exams full time career suicide?

    Posted: 07 Sep 2018 05:53 PM PDT

    Hi everyone,

    I just completed my first year at a top 15 national firm. The first year was a little bumpy at first but I ended up getting amazing performance reviews. We had a lot of turn over at my office this year, more than usual and I've began to in charge quite a few jobs. I feel like this transition happened a bit earlier than I was ready for and I find myself not having any time to study. I haven't sat for a single exam yet and fear I never will as the job task are only going to get more and more challenging from here on out. Would it be career suicide to leave my job for 6 months to tackle my exams? I have a partner and family who are more than willing to support me financially during this time but am worried about finding work after I pass my exams due to the gap in experience.

    submitted by /u/LittleFishBigPonds
    [link] [comments]

    Stories from the last Lehman Brothers new hires, whose first day was the same as the bankruptcy

    Posted: 07 Sep 2018 05:48 AM PDT

    Yale Accounting PhD Ranking

    Posted: 07 Sep 2018 05:36 PM PDT

    Hi-

    Looking into various Accounting PhD programs. In particular, my interest lies in tax. I do not have a quant background and I plan to get several years worth of tax-related experience.

    How difficult is Yale's program to get into?

    Thanks

    submitted by /u/montblanc97
    [link] [comments]

    accounting tips for a bar

    Posted: 07 Sep 2018 05:31 PM PDT

    My Uncle has recently become the owner of a bar business after the previous owners left at the end of their lease. My Uncle has experience running a bar, having done so in the 1980's but I do not believe that the current climate of technological integration compliments his "old school" business style. My main concern is the point of sale system being too complicated and causing large amounts of lost revenue or incorrectly inventorying the assets.

    Additionally, my uncle does not have the financial acumen to fully grasp the necessity of inventorying, valuing COGS, creating revenue and expense sheets, the income statement, balance sheet, cash flows etc etc. This along with the fact that a large percentage of the business is done via credit card, and I have read reports of very complicated and misguided fees / charges from the POS company (Clover) – is causing me great anxiety that a lot of money is either missing or being left on the table as he is not able to accurately understand profit margin, ROI, sales growth etc. My uncle is a big proponent of doing things like he did them in the 1980's and is almost allergic to adapting and changing to the current day. The bar has been open for less than a week and he is already out of his element when it comes to the financial aspect of managing the business. He can do everything else related to daily upkeep and activity, but, in my opinion, he is lacking in the most important part of the business – the money.

    I have a degree in Finance and a decent understanding of financial products and investments, as well as creating revenue and increasing profit, but I slacked off in my accounting classes. I have been tasked with sorting out the finances of the business and it has only been open a week. My uncle is not able to tell me anything other than a rough estimate of revenue. This, as a finance person, drives me insane, as we don't know if we have essentially been losing money since the door opened.

    My question is basically, does anyone have any tips for the best methods of accounting for your inventory and products? Any good ways to try and backtrack from the beginning of business to calculate volume and what was sold? I am thinking that we need to start with the initial inventory, current inventory, and assume sales that way. Work out the expected profit from said sales, compare to actual booked revenue, and then go from there to find the breaks?

    Another assumption I was making was to get all physical credit card / cash receipts and compare to the period statements from the POS system, as well as daily cash accounts. In my eyes, daily reconciliation makes the most sense to me – has anyone else found success or issues with this?

    I am thinking that I need to develop the income statement first, then cash flow, and finally the balance sheet. Does anyone actively update a balance sheet with line items for depreciation (TVs, pool tables, etc) or is that too granular? How itemized should I make expenses and cost of goods sold? Is "Vodka" simply enough? Or would it be better to break down vs each producer?

    Also, what are the most important things to focus on when doing the books for a bar type business? Would anyone have personal accounts of profit margin for certain types of products? I am much more comfortable valuing stocks and options, but I feel this wouldn't exactly translate to a bar business dealing with customers every day. My goal is maximizing revenue, would anyone have examples of acceptable profit margins / returns on investment?

    Apologies for the length and detail of this post, but I am 22 and my Uncle is 63 and I greatly fear for his financial security. I feel that my previous financial background should give me confidence, but I wanted to get advice from people with far greater experience. Any tips for success would be greatly appreciated as my main goal is to ensure that my uncle does not lose money or have it stolen / unaccounted for.

    Apologies again for length, thank you for reading!

    TLDR – uncle is 63, recently had to open and run a bar, and is lost when it comes to financial management and accounting. 22 year old nephew in finance looking for tips.

    submitted by /u/nascarfreak24ny
    [link] [comments]

    Youngest CPA?

    Posted: 07 Sep 2018 03:15 PM PDT

    I've met someone recently from high school. He told me he has his CPA already at 21. Which would mean he graduated a 3 year program and worked 2 years full-time already? Any thoughts on the fastest possible way you can finish CPA?

    submitted by /u/bcitman
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment