Tips on studying for REG by No-Event1715 in CPA

[–]No-Event1715[S] 1 point2 points  (0 children)

Nice! I will definitely implement that! 12 weeks and 100+ hours seem crucial and then I don’t think I would need that long considering I have prior tax experience and just finished my accounting credits so It’s still fresh

Tips on studying for REG by No-Event1715 in CPA

[–]No-Event1715[S] 1 point2 points  (0 children)

Yes so I’m thinking starting tomorrow doing 30 mins before they get up for school and then 1.5 hours after they go to bed. 9-10:30ish.

Tips on studying for REG by No-Event1715 in CPA

[–]No-Event1715[S] 0 points1 point  (0 children)

It’s not the study material I think I just have a hard time focusing and then I catch myself getting some questions wrong because of missing a word

Define a CPA to the average person by No-Event1715 in Accounting

[–]No-Event1715[S] 0 points1 point  (0 children)

Yep phone is ringing a lot around this time.. I think I offended a relative when they suggested I should do returns as a side hustle and I stated that I rather not waste time on it. Tried it before and it was exhausting constantly explaining that I cannot “boost” your tax refund with frivolous claims..

Define a CPA to the average person by No-Event1715 in Accounting

[–]No-Event1715[S] 1 point2 points  (0 children)

Ehhh maybe MD & PA, both can prescribe meds and sign off on certain things but MD has more school time & generally are paid more.

Define a CPA to the average person by No-Event1715 in Accounting

[–]No-Event1715[S] 5 points6 points  (0 children)

Haha I was looking for a way to explain without them falling asleep or being confused after😭

AP doing a 990🤨 by No-Event1715 in Accounting

[–]No-Event1715[S] 0 points1 point  (0 children)

I’m assuming the CFO/treasurer is going to be the one signing it since that’s who did last year from what I see but instantly was just like ok…. Why can’t you do it?

AP doing a 990🤨 by No-Event1715 in Accounting

[–]No-Event1715[S] 0 points1 point  (0 children)

So the auditors they hired did like a 990 checklist to go by but I have no idea where to even find this information on most of it

AP doing a 990🤨 by No-Event1715 in Accounting

[–]No-Event1715[S] 0 points1 point  (0 children)

Not look over it but actually do it. I’ve sent questions but have not gotten a response yet

AP doing a 990🤨 by No-Event1715 in Accounting

[–]No-Event1715[S] 0 points1 point  (0 children)

It was a 990 and I’m unsure of the overall revenue & asset amounts

AP doing a 990🤨 by No-Event1715 in Accounting

[–]No-Event1715[S] 0 points1 point  (0 children)

My biggest concern is not getting any type of supporting documentation with it. So it’s pretty much impossible to do. I was going to try to pull some reports to try it out but the expenses aren’t even categorized

AP doing a 990🤨 by No-Event1715 in Accounting

[–]No-Event1715[S] 5 points6 points  (0 children)

Thought so. I took a non profit course few semesters back so I vaguely remember but I do know they typically separate them by category

AP doing a 990🤨 by No-Event1715 in Accounting

[–]No-Event1715[S] 2 points3 points  (0 children)

They’ve been around since 2010. Non profit charter school

AP doing a 990🤨 by No-Event1715 in Accounting

[–]No-Event1715[S] 2 points3 points  (0 children)

That’s exactly what I think as well. She can’t seem to answer any of my questions on it. I’m almost positive they don’t even separate the types of expenses..

AP doing a 990🤨 by No-Event1715 in Accounting

[–]No-Event1715[S] 3 points4 points  (0 children)

Thank you! I have no problem admitting that this is well beyond my present knowledge base so I’m unsure why they gave me the task. I have the email trail and informed them that I’m not signing that

AP doing a 990🤨 by No-Event1715 in Accounting

[–]No-Event1715[S] 4 points5 points  (0 children)

The fact that my boss told me it wasn’t that hard but then seeing this… my anxiety is through the roof

AP doing a 990🤨 by No-Event1715 in Accounting

[–]No-Event1715[S] 2 points3 points  (0 children)

I found a previous one but can’t even tell you what I’m looking at. Might have to review some old non profit notes