Accounting Me trying to do depreciation homework |
- Me trying to do depreciation homework
- Passed by to see the driver. Still hot.
- Christmas Party Stories
- When the partners come out to a CFE celebration to make sure managers stay in budget.
- As corporate accountants we see alot, how do you know when to jump ship and get a new job?
- Every morning
- C's gets Degrees
- I made an online game called Busy Season
- How to be successful in the CPA PEP program? [CAN]
- Reminder: IRS Assessment is due today!
- As a student studying accounting somewhere else in the world what should I do to work as an accountant in US?
- What are the benefits for an accounting student to learn code if/and what’s the best way for an accounting student to practice?
- Accounting FAR question ! Finance leases!
- Promotion timeline off significantly at my firm
- Help industry ap accountant need a fact check
- Can someone explain bond discounts/premiums to me?
- Were you an A student in college? What did your day look like?
- Question Help
- Fired twice, now I have my sh** together
- Anyone here at PwC NYC in their Tax M&A group?
- Settle a gambling winnings debate
- Big 4 and Mental Abuse
| Me trying to do depreciation homework Posted: 04 Dec 2018 03:00 PM PST
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| Passed by to see the driver. Still hot. Posted: 04 Dec 2018 07:16 PM PST
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| Posted: 04 Dec 2018 11:07 AM PST Haven't seen a story thread in while. Anyone have good holiday party stories, or even recruiting stories from this past recruiting season?? [link] [comments]  | ||
| When the partners come out to a CFE celebration to make sure managers stay in budget. Posted: 04 Dec 2018 12:31 PM PST
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| As corporate accountants we see alot, how do you know when to jump ship and get a new job? Posted: 04 Dec 2018 04:34 PM PST I'm not quite sure where to post this, but I felt here might be a good place to start in hopes other accountants may have been in similar positions and could offer advice. I'm 2 years out of college, staff accountant, company does about $150M a year, over the past 2 years I've been with them they've acquired 2-3 smaller companies that have put a massive strain on cash due to previous bad debt, bankruptcy, etc. All of this leads to a strain on paying our vendors/possibly even payroll (though I know this is the absolute last thing they will delay). I can see the line of credit we have with the bank and how close we come each month to maxing out. We've delayed vendor payments, everyone in my AR/AP department is stressed out, I'm very stressed out. My boss (CFO) keeps me on a need to know basis. I just don't know what to think of this situation as I'm young and inexperienced. It seems like everyone outside of the accounting department seems happy that things are growing, ignorance is bliss i suppose? As the person creating the financial statements, I can see what's happening, do I tough it out and hope that the new acquisitions improve our financial situation, I mean the company was not struggling on cash or profit before, I think they just weren't prepared for the growing pains. How do accountants handle seeing all this information and not jumping ship at the first sign of tough times? [link] [comments]  | ||
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| Posted: 04 Dec 2018 04:48 PM PST I could be graduating just a shy from 3.00 GPA. I have no accounting SPO affiliation. I am also a non traditional student. I'm in my late twenties graduating in May. I have worked as an accounting assistant and I will be working at a new internship in Tax next week. Am I sellable on the job market after graduation? I am hoping to obtain my CPA license as soon as I am able to [link] [comments]  | ||
| I made an online game called Busy Season Posted: 04 Dec 2018 10:36 AM PST
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| How to be successful in the CPA PEP program? [CAN] Posted: 04 Dec 2018 07:25 PM PST Hello everyone, I'm entering in my final year of University in a school in Ontario, and I'm looking to enroll in the CPA program. My question is how did your day look like when enrolled in this program? How hard was the program? Is the study material CPA gives you sufficient enough to pass the program or do you need outside resources? I'm not a very strong Accounting student, I generally get Cs and Bs in my courses so I am a bit worried I'm not going to be successful in the program, but people told me it's like a different ball game when comparing it to university. For those who were successful, can you share how you were successful in the program? Cheers! [link] [comments]  | ||
| Reminder: IRS Assessment is due today! Posted: 04 Dec 2018 03:22 PM PST For those who applied on or before the cutoff date of 11/19, you should have received an invitation to take the assessment by now. And today is the last day to complete it. I'm a bit late to make this reminder, but better late than never. Good luck, everyone! [link] [comments]  | ||
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| Posted: 04 Dec 2018 09:03 PM PST Backround: I have been subscribed to this subreddit for a few weeks and I've noticed that many users mention coding. My only experience with programming is a class from community college years ago before I knew anything, I've since learned excel and taken some more brief computer classes. My questions are
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| Accounting FAR question ! Finance leases! Posted: 04 Dec 2018 05:07 PM PST Hi guys question here . Initial recognition of a finance lease is at the lower of FV of asset and FV minimum lease payments, couple of questions on this ! 1) if the FV asset is less than the minimum lease payments , surely this doesn't really make sense as the lease could be way underrepresented? Eg an extreme case of a company in difficulty which takes a crappy lease with minimum lease payments of 100k for a 10k asset, showing the lease as 10k wouldn't be prudent surely ? 2) what if I acquire an asset worth 10k, but partially fund 5k of it by cash , the other 5k by a finance lease ? I'd say the journal would be dr asset 10k cr flease 5 cr bank 5 but then the whole rule of measuring at the lower of fv and the lease payments doesn't apply. Hope this makes sense , thanks ! [link] [comments]  | ||
| Promotion timeline off significantly at my firm Posted: 04 Dec 2018 08:24 PM PST Interested to see some other perspectives here. My situation seems to be so much better than most firms in a lot of ways. I really like 90% of my coworkers. I've always struggled with social anxiety, so it's a rare treat to feel comfortable being myself around people. The hours aren't bad at all. The culture is great. And I think my salary combined with the COL of where I live is very reasonable. But as with anything in life, there is a pretty big caveat affecting how I view my future. The firm's progression timeline lags so far behind other firms. There are 3 managers in my office, each with over 10 years of experience. As an associate 1 with about 6 months experience here, I'm competing for hours with other associate 1's who have almost 2 years experience. Across the board, there are very few if any people whose positions fit with the experience timeline I would expect in public accounting. Almost all have more experience than I would expect at their current levels. The firm follows a 'no mid year promotions unless it is the right "strategic" choice' policy, so I already know it is unlikely I will get promoted to associate 2 until next December, having already been informed I will not get promoted this cycle. So I will have over a year and a half under my belt (plus 4 months experience elsewhere) before getting my first promotion. Ideally I would expect to be a senior close to that time, but here, I would wait another year minimum or even 2 to become a senior, meaning almost 3 to 4 years experience just to be a senior. For someone who almost assuredly isn't on partner track and would want to jump into industry eventually, I find it very concerning at the prospect of applying to jobs in the future and hiring managers thinking I'm a bad candidate because, for example, I have 5 years experience and am only a senior 1 or 3 years experience and am still an associate. Does anyone have advice on how to approach this situation? [link] [comments]  | ||
| Help industry ap accountant need a fact check Posted: 04 Dec 2018 02:18 PM PST Hi accounting, My accounting manager rage quit and we have a temp manager but not really because we dont report to her she just does payroll and tax. This lady has 20 years of experience but I'm pretty sure she just told me something incredibly wrong. She was shadowing me entering a prepaid marketing bill. The invoice date is 11/30 and the expense was for Dec catalog inserts. She asked me why I was posting to prepaid, as its December already and since the bill would be paid in December, I could just expense it. Her point for this was that it would save time by not having to record adjusting entries. AM I CRAZY FOR THINKING SHE IS WRONG? We do accrual accounting based on gaap. This lady worked for 20 years at the same company-- does it sound like they used the cash basis? [link] [comments]  | ||
| Can someone explain bond discounts/premiums to me? Posted: 04 Dec 2018 02:12 PM PST I can't understand this shit for the life of me. I also don't understand the concept of amortization. HALP. [link] [comments]  | ||
| Were you an A student in college? What did your day look like? Posted: 04 Dec 2018 02:01 PM PST I'm switching majors to accounting and trying to buckle down [link] [comments]  | ||
| Posted: 04 Dec 2018 06:26 PM PST Hello, I need help figuring out this question. I keep getting the wrong answer and I don't know what I am doing wrong. Nirvana Company traded in a automatic pressing machine for a manual pressing machine owned by Dodson Company. These machines have similar future cash flows. Nirvana's old machine cost $289557 and had a net book value of $184992. The old machine had a fair value of $189567. They received $30000 boot in the deal. What is the amount of gain or loss from this transaction? The correct answer is 724. Thank you! (Hope this type of post is allowed) [link] [comments]  | ||
| Fired twice, now I have my sh** together Posted: 04 Dec 2018 02:30 PM PST Ok. So I've been fired. Twice actually. Actually I was fired from my first and second job out of college. Basically, I thought I was never gonna be in the field again. But I am... somehow... and thriving in a new firm with my love of Tax. Anyway, How should I address this fact on my resume without immediately disqualifying myself from any and all future opportunities. I'm a happily employed tax accountant and enjoy my current job. But I'm significantly underpaid and I'm not sure if I want to stay here forever. Should I decide to leave in a year, how should I prepare with that blight on my record? [link] [comments]  | ||
| Anyone here at PwC NYC in their Tax M&A group? Posted: 04 Dec 2018 02:23 PM PST Hey everyone, Just wanted to know if anyone was in that specific group in NYC so I could ask them some questions. [link] [comments]  | ||
| Settle a gambling winnings debate Posted: 04 Dec 2018 06:03 PM PST Discussion at work today turned to the lottery, since the powerball jackpot is starting to build up again. Hypothetically, if I bought a ticket today and won in this weeks drawing, but didn't claim the winnings until January 2019, would that be reported in my 2018 taxable income, or 2019? I would think I had 'earned' the money when my numbers were drawn, but they couldn't issue whatever forms they would need to until a claim is made. [link] [comments]  | ||
| Posted: 04 Dec 2018 09:33 PM PST Whether some of us would like to believe it or not, the environment at Big 4, between the competition, the workload, overtime, pressure, creates an atmosphere for mental abuse. Management always seem to pounce on weak performers, I've even seen a manager blame a problem of an engagement on a new senior who has never been on the project before because she couldn't catch on quick enough (it's hedge fund taxes and it's freaking hards, idk how anyone expected this senior to pick up everything from her first busy season). Yet, we all sat around kind of looking at this senior fall apart in front us. No one spoke up, instead we gossiped about the person being a poor performer and everyone kind of passive aggressively ganged up on this person. Currently at the firm, there's a person crying in the office every other week. I don't think good consciences exists in public accounting and every time I see leadership from any Big 4, I think to myself the evil and abuse that person has unleashed to get into the partnership. How do these people sleep at night? Has anyone experienced any case where they called out management for mental abuse? [link] [comments]  |
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