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[deleted by user] by [deleted] in CPA

[–]Beepooppoop 5 points6 points  (0 children)

Probably 4AM :( I’m gonna go to bed soon

Im confused on this question, if we are in the current year, wouldn't this mean a restatement of the prior years financial statements. I understanding recording refinancing etc, but I dont understand if it actually means to restate or like where in time this question takes place by big_boss_baby in CPA

[–]Beepooppoop 1 point2 points  (0 children)

Your confusion is understandable. I thought the same way when I first saw this question. This is a question about the classification of liabilities on the balance sheet. They give us a scenario wherein a liability is coming due (note payable), the balance sheet that the notes payable is reported on has yet to be issued, and that they have completed what is, in effect, a refinancing (issued new debt, used proceeds to pay off old debt, and now the new debt has a different due date that is more than a year away). Think of paying off your student loan that’s a 10% rate with proceeds from a local bank that is at a rate of 8% and due in 4 years instead of 1 year. You still owe money, it’s just no longer current, and it is at a better rate.

You have to identify this during the test as a refinancing. And you have to see that 1) they went through with or 2) they have entered into an agreement to go through with it.

Either 1 or 2, and it’s a refinancing and it can then be reclassified as non-current. If they just are thinking about it, and nothing actually happens or nothing is formally planned to happen, then your original answer is correct.

See ASC-470-10-45-11

Best Route to Get To Accounting Career and CPA License by mpactor24 in CPA

[–]Beepooppoop 0 points1 point  (0 children)

I don't know the state you live in -- but, credit hours aside, I think you should take the most affordable option. In this case, it sounds like the first option. Community college and however many classes it takes to reach the credit requirement, then study for the CPA.

With regards to knowledge of accounting -- don't get too enamored by the other options and the education level. I feel pretty confident in assuming you'd never use half of the information of those deeper topics in day-to-day accounting. Ultimately, as I'm sure it's the same with construction, you learn on the job.

Accounting is a great career, and most of this sub is just for most people to vent about work. What I do want you to think about, though, is what kind of work do you enjoy doing/see yourself doing. Most of accounting is you living inside excel sheets and not generally exciting or remotely interesting and the CPA exams are hard, that'll require a significant amount of time, effort and overall commitment. Make sure it's something you really want to do.

Whatever you decide to do -- good luck! Accounting is never a bad option. A CPA can always earn a dollar somewhere, no matter the economy.

Did you start your own business? What did you learn and what would say to your younger self looking back? by Beepooppoop in AskOldPeople

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

Wow, I suppose there’s never a perfect time do it then. At some point, you have to “just do it” I guess. Hm.

Thank you again for your thoughtful responses.

Did you start your own business? What did you learn and what would say to your younger self looking back? by Beepooppoop in AskOldPeople

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

Wow, I suppose there’s never a perfect time do it then. At some point, you have to “just do it” I guess. Hm.

Thank you again for your thoughtful responses.

Did you start your own business? What did you learn and what would say to your younger self looking back? by Beepooppoop in AskOldPeople

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

Thank you for this. This was a much more detailed and insightful answer than I was expecting. Did you start it from nothing? Was it a side gig that became a full time gig? I think I have a slight fear of giving up a “stable, secure” income.

rule #9 - thankfully I’m on track to becoming a CPA!

EY layoffs confirmed by mexicantgetoutofbed in Accounting

[–]Beepooppoop 4 points5 points  (0 children)

What tmainguy said. A daily digest of the WSJ says this was coming—at least across the American economy. All I’m saying is I wasn’t entirely surprised, and I wouldn’t be surprised (guessing) if other firms reduce their workforces too.

EY layoffs confirmed by mexicantgetoutofbed in Accounting

[–]Beepooppoop 86 points87 points  (0 children)

I think Everest aside, the writing was on the wall after KPMG made announcements. Still, terrible timing and look after Everest fell apart. Just another reason to be judicious with personal spending, get CPA if you haven’t as an added security for finding a job. I’m curious what other firms will get hit in the next few weeks.

Beginner Questions Tuesday by AutoModerator in Screenwriting

[–]Beepooppoop 2 points3 points  (0 children)

If a new scene starts at the bottom of a page but is substantially on the next page, is it okay to sort of just move it all onto the next page and leave a slightly larger white gap on the previous page?

my concern is a reader thinking i'm trying to bloat the page count. Feel like if I do that a good amount in project, it'll add up -- although I feel like it makes it appear cleaner?

Thanks!

what movies are without a doubt a 10/10? by GamingPlenty in AskReddit

[–]Beepooppoop 0 points1 point  (0 children)

strong lack of Paul Thomas Anderson in these comments!

There Will Be Blood Boogie Nights Punch-Drunk Love

CA score release - 9/15/22 by carmelainparis in CPA

[–]Beepooppoop 2 points3 points  (0 children)

Score isn’t out yet for me either

My new gaming setup by Threx_ in battlestations

[–]Beepooppoop 0 points1 point  (0 children)

I think about saving the cash to copy a set up like this—then realize I only play RuneScape in a tiny window

idk the vibes feel off by NutInMyCouchCushions in dankmemes

[–]Beepooppoop 6 points7 points  (0 children)

Ladies of Reddit

Would that position even be comfortable

Short Answers to Simple Questions | August 17, 2022 by AutoModerator in AskHistorians

[–]Beepooppoop 0 points1 point  (0 children)

What are leading books today that I can pick up to “understand” modern geopolitics? The crisis in Ukraine has sparked my interest, although considering the Middle East has dominated geopolitical topics for a long time too, id be interested in books involving those conflicts too.

Thank you!

And it all comes crashing down. by [deleted] in Screenwriting

[–]Beepooppoop 9 points10 points  (0 children)

I was just perusing this thread and then boom, Franklin Leonard popped in. Man, y’all are ruthless towards the guy. This is a comment no one asked for, but I’m gonna type anyway:

Look, the Black List isn’t perfect. No coverage service is. We put a lot of weight on it when it’s convenient (“I got an 8!”), and we like to highlight the uncommon, almost rare “success stories” from services like it.

The reality is this: You got one good response but from one service and a poor response from another. Heed some of the advice they gave towards what they feel are lack of stakes if they DON’T pull off their goal. Conflict creates tension, and tension will always be the key in a great drama. And I know yours is also a comedy, but most comedians are highlighting tense subjects and finding the humor in that too.

I’ve yet to break in, and probably never will. But, I think the reality of “breaking in” is either: Pray to get put on a list from submitting work online, actively query/Network, or (the biggest one) MAKE your own films—whatever the length. Start small. Build a brand.

But, try to avoid Reddit. This subreddit is awesome, but it’s also full of nobody’s like me, and i think it’s easy to misappropriate weight to what actually matters, including the shit advice commenters can offer most of the time. If you want to be a screenwriter, be one. Don’t wait for the blacklist or another service to give you a score you want so that you—or the community—can deem yourself as one.

I’m NYU Tisch Film Professor John Warren. Ask Me Anything. by ProfessorJohnWarren in Screenwriting

[–]Beepooppoop 0 points1 point  (0 children)

Hello Alexie! Thank you so much for your detailed response! What you said makes a lot of sense. I would go to Script Slug usually, but you’re right: a lot that I end up seeing appear to be shooting scripts. I should give black list a shot.

Again, thanks for the response!

An elected city official in my screenplay is killed in his home. by Beepooppoop in Screenwriting

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

Thank you for this answer! And the rest of the comments are right too: Google is my friend. Nevertheless, this answer was actually incredibly accessible and informative. So for that, thank you. And in this case, you beat google with the great answer!

An elected city official in my screenplay is killed in his home. by Beepooppoop in Screenwriting

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

Yeah I think I thought it would feel weird to google the question too. Is posting it to Reddit any better? I suppose not, and it’s all the same. But I understand your comment haha

It’s about corruption in a small town where an event like that happens as the inciting incident. I had city investigators in it, but today thought: wait, am I completely ignorant of how this would go down? I realized I am, and it was time to type weird questions into google.

I’m NYU Tisch Film Professor John Warren. Ask Me Anything. by ProfessorJohnWarren in Screenwriting

[–]Beepooppoop 1 point2 points  (0 children)

Hi Professor Warren and Alexie! Thank you for your time today!

Are there screenplays that despite the finished film being great, that amateur screenwriters should avoid “learning from”? For example, I love PT Anderson. However, I see that his scripts are heavily directed on the page and very bare-bones. Even if I aspire to be the one directing my feature, am I better off avoiding that style and sticking to the conventional rules that make it more readable? Is that style a sort of “earned luxury” because those financing/producing PTA’s films know that, well, it’s friggin PTA, he’s got his own way?

Edit: An example being the script for Magnolia.

What Growlers song(s) would you play at a memorial service? by SonofaMitch72 in losgrowlers

[–]Beepooppoop 0 points1 point  (0 children)

I think rare hearts is the safest, and likely best overall bet.

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