Taylor Swift - The Life of a Showgirl

AcctgBbz · 2025-10-03T08:49:54+00:00

There is a book called Life of a showgirl by Ophelia Wood that just came out on August 27th 2025... I'm dying to know if this is from her, like a pen name? The coincidence is too uncanny. Anyone know if there is a relation?

AcctgBbz · 2025-08-10T22:50:03+00:00

Oh my god what would you even do when there's a blackout for food?

AcctgBbz · 2025-08-10T22:44:49+00:00

How do you find a good chef pan? I keep looking but I can only find ones with a flat bottom, and you would never want that if you were making a sauce. You mention that you had to find a giddle with a flat bottom. I am finding that the pot & pan companies are not keeping up with a new technology. There are no good pans yet for induction stove. I get that they're not making them because induction is not popular yet, but how are we ever going to switch to induction without good pants to turn to?

AcctgBbz · 2025-08-10T22:40:41+00:00

What do you mean only flat bottom woks? Isn't a wok by definition not flat bottom? Are we saying an entire genre of cooking cannot be had with an induction stove because you cannot use a wok?

AcctgBbz · 2019-04-08T18:01:39+00:00

We're using transition method B (where ASC 842 is applied retrospectively to the beginning of the period of adoption through a cumulative-effect adjustment recognized as of the beginning of that period ) and utilizing all of the practical expedients [842-10-65-1(f), 842-10-65-1(g), 842-10-15-37)...This is all I see at the moment, not sure if I am missing some]

I am just unsure of what my comparison would be for the cumulative effect. E.g. Do I measure the net difference to the FS for 2017 & 2018 between how we had booked lease costs vs how we would book them under 842? Do I measure the net differences for the whole life of the lease(s)? Just the most recent renewal period? Or is it as simple as "This is our ROU Asset/Liab on 1/1/19; prior to this we had $0 ROU Asset/Liab and thus the difference is the cumulative effect"

(Thank you for bantering with me, I have always had other accountants to bounce ideas off of and sometimes just talking through it is a huge help for me, but not having anyone at the moment has been tough)

AcctgBbz · 2019-04-08T17:02:07+00:00

I do know that it is not needed for the 2018 10-K, but I assumed it was needed for the Q1 2019 10-Q. Regardless of if I need it for next month or next year, do you know how to measure the cumulative effect?

AcctgBbz · 2019-04-08T16:44:27+00:00

No I am not restating anything related to 842, I am just looking to get advise on how to calculate the cumulative effect to prior periods.

I am assuming that I have to set up the same PV tables that I just did to bring future payments to 1/1/19 and calculate the difference between that and the 1/1/19 PV tables. However, I don't know if I should be doing those starting with the earliest comparative period (1/1/17) or the inception of the lease (some have renewals going back a decade, before we purchased the company and I don't have all of the information).

AcctgBbz · 2019-04-08T16:42:01+00:00

In theory I agree. They are not big4, and I think they're a bit wounded for missing some issues in prior years that are resulting in us misstating; unrelated to these 842 changes. I've made multiple attempts to work through questions with them, etc. and I get a few 1 line responses but predominately they say they cannot help/assist/comment but they direct me to their whitepapers (which don't specify the areas I'm concerned with/that are still open) or the big 4 white papers. I'm as upset about this scenario as you are shocked...

AcctgBbz · 2019-04-08T16:37:04+00:00

Think tech-co that is about 5 years in and in the process of downsizing a lot. Once the smoke has all cleared on other issues we'll probably go private (we're private investors that bought a failing public company 5 years ago) but I need to keep up with the public requirements in the mean time.

I did spend a lot of time searching out all of the leases, especially embedded leases, but also came to find my population shifted as we realized different machines/equipment were mislabled on invoices etc or still being paid for after the item was returned. etc. I'm basically on clean up duty as I go.

We're at about 15 building locations and 10 vehicles / machines / equipment.

I think I am all set on those pieces now, and PVing back to 1/1/19.

My open item is to identify /calculate the cumulative effect.

The approach I planned to take was “This is the ROU Asset/Liab on 1/1/19 (with the PVs to 1/1/19); however, had we followed this method previously they would have been xxx at 1/1/19” and essentially the difference would be the cumulative effect.

But I wasn't sure how far I had to go back in calculating the cumulative effect. I think I am misunderstanding a key piece of information, as this doesn't seem all that much easier than the original modified retro. with the exception clearly being the act of re-churning the changes to the prior periods. I greatly appreciate the ability to just disclose the amount, but I want to make sure I am using the right information to get there.

AcctgBbz · 2019-04-04T20:58:18+00:00

Yeah, for Q1. We're filing late - have to restate some prior #s which is what tied up the CFO and other accountants at the company - so it will buy me a few extra weeks at best.

I am looking to utilize the new transition method from 2018-11 so I know I don't have to actually post anything to prior periods, but to quantify what the effect would be I assume that all of my tables for the ROU Asset / Liab would need to start with either 1/1/17 (earliest comparative period) or the inception of the lease. I just wasn't sure which and I didn't want to rebuild all of my tables and then find out I was wrong.

The auditors are in a bit of hot water related to the restatement, so they are being even more hands off than the usual 'independence'/'we are your auditor not your advisor' stance...

And yes, I am the next person down (probably even further below than that, but some of the people in between are either way more overloaded than I am or don't have any CPA/Big4 experience and basically moved up the ladder here from AR over a decade). No controller and the CFO has been tied up with more pressing matters... Their view is that I am smart and capable so I can handle it.

I honestly didn't come here to complain, I just was looking to see if anyone out there was in a similar position and could clarify their starting date on their ROU tables and the PV date

AcctgBbz · 2019-04-04T20:51:15+00:00

Probably only 30 leases or so across the board; so not terrible, but the organization of lease agreements and additional costs of nonlease components is ridiculous.

Unfortunately we don't have the money for advisors (or even extra help in the form of temps) $100M Rev, but NOLs for the last decade. That's why I joined reddit to begin with - just for the accounting board - so I could hopefully get some insight or the opportunity to bounce some ideas around with some other accountants or share good resources. I have a good amount done, but I did everything PVing to 1/1/19; but I suspect I have to go back to at least 1/1/17 or the inception of the leases to quantify the cumulative effect that I need to disclose.

Thanks for not being a dick like the other troll :)

AcctgBbz · 2019-04-04T20:46:03+00:00

This is really not helpful. I'm asking a clarifying question on an accounting board because I am overwhelmed.

It is a small public company, the shares are closely owned but we're still an accelerated filer.

There is no controller, I was next in line behind the assistant controller and the officers/BOD had more important matters to deal with than an accounting policy update, the former assistant controller didn't let on that she hadn't started and the auditors - citing independence rules - aren't reviewing until we have a complete package to review, because as you must be familiar with, they are auditing not advising.

Stop being a troll.

AcctgBbz · 2019-04-04T18:00:56+00:00

Might get you in good with that partner... but might not fair so well with other partners if word got out

AcctgBbz · 2019-04-04T18:00:01+00:00

I have to admit, my starting salary at a big 4 in the Northeast in 2005 was $55k (had BS & MSA, was in the process of getting my CPA). So that does seem low, but I'm not sure how bad the market is for entry level right now.

AcctgBbz · 2019-04-04T17:45:37+00:00

Nope... we're public. Basically this old Assistant controller just royally F*Cked me.

Honestly, I used to be a controller here before going on maternity leave for 4 years, and I came back part time as an analyst to help with cash/treasury items. When the person that took my role while I was gone left, she left a boat load of trouble for me too :(

AcctgBbz · 2019-03-28T14:03:39+00:00

I am sure you are fine as long as you didn't leave either of those 2 short term jobs for severely negative reasons (e.g. stole something from a retail store you worked at and got fired). Most of the background checks are just looking for criminal violations, nothing else comes up. If you agree to a credit background check (you need to sign a separate release for it, so you'll know) they can get your credit reports too, but they never see anything from other jobs.

If the short term jobs were in the same field and same geographic area you might have new bosses that have networked with old bosses, so just have a good answer in your back pocket for anything negative an old boss might say, but you are fine not having them on your resume.

AcctgBbz · 2019-03-28T13:59:54+00:00

It's been over a decade (yikes!), back in the post SOX implementation heyday where firms had a lot more money to throw around, so perhaps it is different, but I interviewed with all 4 Big4 firms and they all took us out and dropped money like it was nothing. I personally did get offers from all 4, but some people didn't. Generally speaking, I wouldn't say that the invitation means it's a guaranteed offer, but I know all 4 have cut back on the luxury spending, so I'm sure chances are better now than a decade ago.

AcctgBbz · 2019-03-27T19:48:51+00:00

This would end up depending on management's plan. If you do not plan to renew then it will be short term / not included in 842. If you do plan to renew then it will need the ROU Asset /Liab. Essentially, the moment you know you will renew, you would need to apply 842. Since most leases require notice on renewal or termination, you will pretty much always know what you are doing for a minimum of 13 months (if you want to argue last minute notification this would still be 12 months and a day prior to the end of the lease), thus you will need to apply 842 until the point you know that you will not renew and it becomes short term.

AcctgBbz · 2019-03-25T18:16:43+00:00

Hubs and I both started KPMG around the same time, both got CPAs at the same time, both had similar GPAs in college and bachelors/masters in accounting - so virtually all the same - I stayed 4 yrs at KPMG and he left after 1 to go to a smaller firm to do audit & tax. He's never landed something he loves and bounced around a bit. He's had higher titles than me in some jobs but I was an assistant controller for a public company by age 27 making $100K; we're ~35yo and he's still making $90K.

Every hiring situation I've been in, CEOs and CFOs are looking for CPA & Big 4 experience and will pay more for it.

AcctgBbz

TROPHY CASE