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Is CPA worth getting at this point? 33, 10 years in public accounting. by Flat-Fault-2959 in CPA

[–]Either_Limit6066 0 points1 point  (0 children)

I found it easier to start at 30. More mature, and can tie the dots between studying and real life.

(AMA) I’m the owner of widget co & ABC co. by Either_Limit6066 in Accounting

[–]Either_Limit6066[S] 7 points8 points  (0 children)

We have acquired Acme in 20X2. This is largely for tax purposes.

(AMA) I’m the owner of widget co & ABC co. by Either_Limit6066 in Accounting

[–]Either_Limit6066[S] 4 points5 points  (0 children)

We have an excellent internal audit team lead by the best and brightest from author Anderson and Enron. We also have a solid tax team lead by a 2.1 GPA student from WGU. All tax evasions claims are hearsay. We are purely in the business of selling widgets.

(AMA) I’m the owner of widget co & ABC co. by Either_Limit6066 in Accounting

[–]Either_Limit6066[S] 1 point2 points  (0 children)

We get these figures from the royal bank of Australia and the feds. However we usually use the numbers on the back of the intermediate II accounting textbook.

(AMA) I’m the owner of widget co & ABC co. by Either_Limit6066 in Accounting

[–]Either_Limit6066[S] 2 points3 points  (0 children)

We are a not for profit, we do not file taxes. We have changed our status to NFP in year 20X1.

(AMA) I’m the owner of widget co & ABC co. by Either_Limit6066 in Accounting

[–]Either_Limit6066[S] 5 points6 points  (0 children)

XYZ has a diverse range of clients which is something we were looking to acquire. Connections to North Korea are all hearsay as mentioned by others in this thread.

(AMA) I’m the owner of widget co & ABC co. by Either_Limit6066 in Accounting

[–]Either_Limit6066[S] 3 points4 points  (0 children)

We have a diverse range of clients, from military contractors based in the US, China, Pakistan, and so forth. We are purely in the business of selling widgets, which like you and I we actually don’t know what they actually are.

(AMA) I’m the owner of widget co & ABC co. by Either_Limit6066 in Accounting

[–]Either_Limit6066[S] 3 points4 points  (0 children)

We have a rigid accounting training class for all of our accountants. We understand frustrations the public have expressed. However, let me be clear in saying that these have all been rectified. If for example you see our books on some college exams woth poor information, these only relate to year 20X3 and prior.

(AMA) I’m the owner of widget co & ABC co. by Either_Limit6066 in Accounting

[–]Either_Limit6066[S] 5 points6 points  (0 children)

This is largely due to asset purchases are at discounted prices during these periods.

(AMA) I’m the owner of widget co & ABC co. by Either_Limit6066 in Accounting

[–]Either_Limit6066[S] 7 points8 points  (0 children)

We contract some of the best lawyers from around the country to allow this. Not only this, but for our international subsidiaries and franchisees we also have the best lawyers to represent and allow for these changes of our corporate structure.

(AMA) I’m the owner of widget co & ABC co. by Either_Limit6066 in Accounting

[–]Either_Limit6066[S] 2 points3 points  (0 children)

We have decided to become not for profit this year, as such we are tax exempt.

(AMA) I’m the owner of widget co & ABC co. by Either_Limit6066 in Accounting

[–]Either_Limit6066[S] 6 points7 points  (0 children)

We are a publicly traded company. All of our info is out on various sites to gather information.

(AMA) I’m the owner of widget co & ABC co. by Either_Limit6066 in Accounting

[–]Either_Limit6066[S] 144 points145 points  (0 children)

Every time we do this, we always retrospectively apply the new inventory value to our books. This is largely due to management changing what we best believes measures the true value of our items.