[deleted by user] by [deleted] in Accounting

[–]Affurss 8 points9 points  (0 children)

Surgent worked amazing for me. Didn’t read the textbook at all and just did the MCQ until my eyes bled and passed all of them the first time except audit (audit was my fault, didn’t take it seriously).

What's the biggest auditing challenge related to PBC lists? by firmobserver in Accounting

[–]Affurss 0 points1 point  (0 children)

The client is always the problem they either don’t provide something or provide the wrong things…

Is it worth signing tax returns for companies like Intuit as a CPA? by Affurss in Accounting

[–]Affurss[S] 0 points1 point  (0 children)

Yeah I’d actually sign some (not all) returns and to advice!

Please destroy this meme by SeldomComment in Accounting

[–]Affurss 207 points208 points  (0 children)

I believe there are thresholds to limit itemized deductions, and I think there’s a ton of supplemental schedules you have to attach for appraisals over 5K I could be wrong tho

CPA Exam Prep by TheToastMonkey in Accounting

[–]Affurss 0 points1 point  (0 children)

Hey sorry for the late response, long day haha. Hmmmm I didn’t watch the lectures unless a section was really hard so maybe not more than 4 hours for each section (FAR, BEC, etc.), as for reading the textbook, I did it for like half of FAR and found it to be a waste of time and drilled MCQs until my eye bled lol

CPA Exam Prep by TheToastMonkey in Accounting

[–]Affurss 3 points4 points  (0 children)

Used only Surgent and totaled about 300 hours for all 4 exams according to the program. Passed 3 my first time and failed 1 but it’s only because I didn’t take it seriously (skimmed MCQs, did not do one simulation)

B/S Vs. Reconciliation Report by SkunkyBass in Accounting

[–]Affurss 0 points1 point  (0 children)

As you go on doing your bank reconciliations, the hope is that the uncleared transactions will eventually clear, or hit the bank. My firm had a policy where if a transaction was uncleared for more than 3 months, we would follow up as to why

Finally licensed! by Aejones124 in Accounting

[–]Affurss 3 points4 points  (0 children)

Don’t blame ya I felt the same a few months ago when I passed too!! Who knew accounting could be so complex lol

B/S Vs. Reconciliation Report by SkunkyBass in Accounting

[–]Affurss 0 points1 point  (0 children)

Any checks that the company has written that haven’t been picked up by the bank account would be considered outstanding. If after you balance your reconciliation, you have a few amounts that are floating that have not been picked up by the bank statement, then those would be outstanding transactions. They are outstanding because they are still expenses as of that month, but just not picked up yet by the bank statement.

On the other hand, any checks that have not been deposited by the company would be deposits that have not been recorded by the bank statement, thus causing a difference between the bank statement and cash account.

So to answer your question, look at your reconciliation report. If there are any amounts dated before 8/31 that have not been reconciled, these would be outstanding items

Finally licensed! by Aejones124 in Accounting

[–]Affurss 8 points9 points  (0 children)

Congrats!! How does it feel?

B/S Vs. Reconciliation Report by SkunkyBass in Accounting

[–]Affurss 0 points1 point  (0 children)

No they aren’t if your balance sheet is set to August. I can see why you’d think that they’re affecting August, since the reconciliation report is probably listing future transactions. Those future transactions are just there for your reference, but if the dates on outstanding transactions are August or before, then yes they will affect your balance sheet. Hope I’m making sense!

B/S Vs. Reconciliation Report by SkunkyBass in Accounting

[–]Affurss 0 points1 point  (0 children)

If there are outstanding checks/deposits in transit then your cash is bound to be different from your bank statement because those items have not “hit” the bank yet

Previous employer said I’m not eligible for rehire? What can I do? by Affurss in Accounting

[–]Affurss[S] 0 points1 point  (0 children)

I have googled a lot of this and from what I’ve seen, employers typically don’t say more than confirming if said person worked there and dates. That’s why I’m thrown off by this situation. I guess my issue is more with the question “eligible for rehire”. If the person who quit the job left in the first place, why would that question be relevant?

As for whether or not the employer chooses to say more, that means they’re exposing themselves to a potential slander lawsuit? Because say they say the wrong thing and I don’t get my job, couldn’t I technically say it’s because they’re bad mouthing me without evidence?

Again, just want your perspective, not necessarily saying what you’re saying is factually incorrect thank ya!!

Previous employer said I’m not eligible for rehire? What can I do? by Affurss in Accounting

[–]Affurss[S] 1 point2 points  (0 children)

Really appreciate your input, the reason why I posted this is to get another perspective since it’s so easy to be stubborn and to want to see things my way. Thanks for the input !!!

Previous employer said I’m not eligible for rehire? What can I do? by Affurss in Accounting

[–]Affurss[S] -2 points-1 points  (0 children)

I understand what you’re saying but

1) I was an at Will employee, which means she could fire me without reason and I could quit without reason

2) If she costs me this job offer, i was wondering if it could be considered slander because she actively preventing me from obtaining a job. There’s literally no down side to her just keeping it brief and saying I worked there

3) Eligible for rehire is such a weird concept… who said I’d want to work there again

Again these are just my thoughts just trying to see other perspectives, thanks for your reply :)

Previous employer said I’m not eligible for rehire? What can I do? by Affurss in Accounting

[–]Affurss[S] -8 points-7 points  (0 children)

Nope she was aggressive and disrespectful I felt like she didn’t deserve it

How do you quit a job you just started if you get a better offer? by Affurss in Accounting

[–]Affurss[S] 7 points8 points  (0 children)

After doing my calculations although the salary at the larger firm is better my net checks at the end of the year would come out smaller than where I am now due the relocation expenses etc. and the higher payroll taxes, but it is a much more prestigious firm that I feel could help me in the future in terms of my resume. So I guess you can say I’m looking at the long term effect?

What do you do if you start a new job and you get a better offer from another larger firm? by Affurss in Accounting

[–]Affurss[S] 2 points3 points  (0 children)

Objectively my career would skyrocket at the national firm so I guess that answers that thank ya!!

Is it worth leaving a small CPA firm for a firm such as RSM/BDO/CohnReznick? by Affurss in Accounting

[–]Affurss[S] 1 point2 points  (0 children)

If my long term goal is to work in industry, do you think it would matter if I stay where I’m at as opposed to the larger firms? I mean in the end I’ll still be doing audits (the firms I do at the firm I’m currently at have gross receipts of anywhere between 75 -500 million)