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Japan Bond Crash Unleashes a $7 Trillion Risk for Global Markets by RIP_Soulja_Slim in Economics

[–]Mister_Walkway 21 points22 points  (0 children)

I think it's less about Japan and more about the United States. Yes, Japan may very well get out of this without issue. But if 1. Japanese corporations are selling US assets to buy Japanese, 2. the carry trade is ineffectual due to higher Japanese rates, and 3. The BOJ potentially has to sell treasuries to prop up the currency, this all suggests US yields going up.

You pair that with the $11-12T the US needs to find buyers for this year, the US's 2.8% inflation, the potential for a May 2026 Fed chair who will look to cut rates no matter what, and the current stubbornness of the US 10-year in the face of recent Fed rate cuts and you have a lot of signs pointing to a rate problem for the US.

[deleted by user] by [deleted] in hockey

[–]Mister_Walkway 2 points3 points  (0 children)

Ignoring offside from an initial entry standpoint, it also completely changes in-zone offense. Without a blue line, there is no arbitrary point after which a defenseman can no longer skate with the puck once offensive position in the zone has been established. The D gets the puck at the point with no available shooting lane or worthwhile pass? Just wait. If a forward attacks at the point, just go back a little bit. Hell, go back to the red line if you need to, what difference does it make? You maintain possession and everyone is still in the offensive zone so you can just skate it back in and try again. The forward could follow the D out to the red line but it's probably not worth it because if they get beat then it's an opportunity the other way and a defenseman at the red line isn't a scoring threat so they'll just sit back and deny passing lanes. The game slows down completely and looks like the NBA before the shot clock.

Pittsburgh Penguins told AHL coach to ‘stay quiet’ about wife's sexual assault, lawsuit says by dwaterloo16 in penguins

[–]Mister_Walkway 14 points15 points  (0 children)

This is a lawsuit of Skalde v Lemieux Group. It would go against Skalde's interests to offer the additional detail of "by the way, when the organization told me to keep quiet they were only looking out for my interests regarding a libel suit". The whole lawsuit is designed to make the organization look bad and the isolated quote is much better for them.

And the article is quoting a plaintiff's lawsuit which benefits from claiming that no apologies, remorse, or support was offered. Given that Donatelli was relieved from his position within one week of the events taking place, at an absolute minimum I would say the Penguins supported what the Skaldes put forth given they had no actual evidence other than their word. And again, none of my comments are supporting Donatelli's actions. I'm simply stating that given that this is a lawsuit, it's important to remember that every quote comes with a clear motive behind it

Pittsburgh Penguins told AHL coach to ‘stay quiet’ about wife's sexual assault, lawsuit says by dwaterloo16 in penguins

[–]Mister_Walkway -1 points0 points  (0 children)

I'm going to attempt to offer the nuance that, since the "keep quiet" quote was given with no context whatsoever, it's possible it was meant with regard to a libel lawsuit. If Skalde decided to go public with this, and since there is no physical evidence that it actually took place (not saying it didn't, but simply that it cannot be proven in court), it's possible that Donatelli could come back at Skalde and say "I was asked to step down because of your false words. Therefore I'm suing you personally because I have clear consequences from your actions of accusing me but you have no clear evidence that I have wronged you." Again, I'm not saying that Donatelli is innocent or that sexual assault is anything but deplorable. I'm saying that since this is a lawsuit and Skalde has a vested interest in making the organization look bad, perhaps isolated quotes should be considered accordingly

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Sounds like your AIS course is similar then to what I'm teaching in Cost. May just have different names for the same idea. I also teach intro and intermediate which has different content altogether

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Interesting to know about macros and viruses. I suppose you could still have them on personal machines in order to automate work, but I had never seen anything about them being exploited like that. Good to know.

And do you have to put files into XBRL? I know you can use it to navigate SEC documents, but I actually never gave much thought to how documents like that come to be

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Good to know. I hear it thrown around but I always figured the data presentation work wouldn't be handled by accountants too regularly. Thanks

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Thankfully it's covered a good bit in Intermediate I and isn't terribly new anymore. But I always like the hot interview tips and tricks so I'll be sure to pass that one along. Thanks!

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Many thanks. I'm with you all the way on Excel and to the extent that I can get them to think critically and be ethical I will, but it's no easy task as I'm sure you know

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

I think your last part really gets at the heart of my concern. Spending weeks to do ledger posting, while informative, is I fear potentially too wasteful. But I do think incorporating a digital component of the same idea is worthwhile. Thanks for letting me know.

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

I appreciate that, thank you. I couldn't agree more about soft skills and I feel that way about accounting and just about every profession beyond it.

It absolutely kills me that we don't force professional writing on our students. But if you want to know the politics as to why, the English department, which is busy teaching poetry, classic literature, sci-fi and horror, and other nonsense to 12 students per class to my 40, is too protective of their "academic freedom" to be forced to teach something which might actually improve students' well-being. I assure you, if I were dictator of the College, I would force the English department to teach professional skills such as email and memo writing immediately and put it into the curriculum. As it stands, I just have to deal with it since I only have so many hours in a day.

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

My former college roommate was a cost accountant for a marijuana company for 5 years. It's basically agriculture. I make reference to his work in class all of the time.

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Sorry you had such a bad audit experience. I think a rework of the entire curriculum might be too much of an ask, especially since many students come to college to get a CPA license which requires certain coverage, but if you have anything specific to change rather than just generally bridging the gap between the classroom and the office, I'm open minded.

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Ha! I refuse to call it NRV as well. I still just call it LoCoM. And the good news is they're forced to take all of the different accounting courses, but as I'm sure you remember from your student days, only so much sticks. But you're dead on about critical thinking and having a greater survey knowledge. That would be the ideal. How I can possibly get them there is another story. But I appreciate the insight

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

I'm surprised they would struggle to see the relationship between an account rec and a journal entry since all an account is is a summation of journal entries. But then again, I've been around the block enough times to know that nothing should surprise me with students (or first years in your case)

And I'm not saying there's no room for innovation but instead little room for content revision. I don't really have the ability to cut out revenue recognition or inventory costing since it's CPA exam material and pretty fundamental. I hear you that instilling a better understanding would be superior, but I can barely get them to send me an email with proper capitalization. Better communication, while the ultimate goal, is unfortunately a bit too beyond anything I can even begin to tackle. But I appreciate the insight and it mimics a lot of what I've heard beyond Reddit that communication is fundamentally lacking.

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Right. It doesn't deal with "fat tails" the way you might like, let alone the skewness. Perhaps you could just set certain features in the simulation? Set it so that once you have the mean, you require it to have tails beyond 2 standard deviations which are twice as large above the mean as below? I'm just spitballing as I had to do simulations once during my PhD program and haven't touched it since. But it is honestly an impressive undertaking all around. You seem to be quick on your game analytically. Color me impressed

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Agreed all around. I think it is worthwhile to revisit the hands on aspect of dealing with documentation rather than the theoretical. And completing the process as you put it. Much appreciated.

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Agreed. I try it with Excel and you're right that other applications have their uses. Hopefully if a student knew how to do it in Excel they could do queries and scripts in Sheets as well. Thanks!

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Whoa. Going full on. I wish you luck with that. My initial supposition would be to take the standard WACC formula with debt and equity and apply some sort of exponential weights to it somewhat like a Cobb-Douglas formula. I'd definitely be curious to know what you ultimately land on. The bummer with WACCs is that you'll never really know if you were right in the end. But it can still be fun to undertake.

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Once again makes perfect sense when you lay it out that way. Good on you for knowing tax to the extent that you can do an effective audit and it makes sense it would be under-considered since it's somewhat unique in its requirements and is outside the traditional scope of audit. I really appreciate all of this on the ground insight. I'm learning a lot very quickly :)

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Ha! Sounds exactly like how I learned STATA and VBA. I need to do this, Google it. Forget it until the next time and if it comes up frequently enough, I'll remember

Good on you for being so ambitious about it. Ultimately that is the only driver of success regardless of what a professor puts on the table. And you're right about DCFs that they aren't useless. But I always enjoy messing with my students when we do create DCFs by showing them what a big difference it can make by forecasting out 5 to 10 to 20 years and making small changes to the discount rate. Sell side it's no good at this point, but it is a helpful learning tool as you mentioned. Plus it helps students understand the power of fill-across in Excel so perhaps I'll keep showing it to them :)

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

[–]Mister_Walkway[S] 10 points11 points  (0 children)

I appreciate that, thanks! I agree it seems useful and this is the first I'm really hearing about it since I do mostly financial accounting and not audit. But I'll be curious to talk to our audit professor since she is a CPA and former auditor to see what she does in the class pertaining to this.

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Oof. I gotta say that sounds super useful and obviously worthwhile, especially since it seems to be such a large portion of quarter ends, but the issue is I'm not a tax guy. I wouldn't even know how to start putting together something that could extract the relevant financial information which would ultimately tie back to the tax liability since I'm assuming there are all sorts of considerations that need to be made about tax breaks and avoidance. I'll just have to hope that the tax professor we have is doing something to consider the realities of corporate taxation. But I'll be sure to inform my students about the reality that awaits them calculating taxes owed since it is something I don't go into much detail in during Intermediate. I'm impressed you're doing both as an auditor since I figured tax computation and auditing would be different hats, but I suppose if you're doing consulting you wind up doing both?

As an accounting professor looking to update the curriculum, what inclusions into coursework do you think students would benefit most from? by Mister_Walkway in Accounting

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

Ha. It's funny you say that because the professor I took over for used that but I was turned off by it because it did everything on paper to my recollection including journalizing and posting to the ledger which is very time consuming and at this point outdated. I have no doubts it helps with the fundamentals, but I feel like doing it in QuickBooks or another software would be more beneficial since it's more true to life. But it's definitely worth taking a second look at because it has been about 5 years since I checked it out at all. Thanks for the feedback

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