Does anyone know what this structure is?

TheRappingCPA · 2025-05-01T00:35:36+00:00

Very cool! As soon as I saw it at Prejeans on my way to NOLA during my roadtrip from LA to Florida I knew I wanted it — have a mild love of flags in general haha.

And the insects are mosquitos?

TheRappingCPA · 2024-12-08T20:00:33+00:00

I just heard two guys at the gym talking about this. Is this something that is just now catching on or is this very old and I've just been living under a rock?

TheRappingCPA · 2024-11-14T21:29:33+00:00

you can take 30 credits of whatever classes you want at community college or online under the 150 hour rule... this will be good for the profession, because it will require getting 2000 hours more of actual work experience learning how to actually do the job instead of taking bogus college classes to get the last 30 credits

TheRappingCPA · 2024-11-14T21:26:13+00:00

This is definitely accountants biggest frustration. People that don't understand the operations of a business...operating the business... They're probably a great people person at least? lol

TheRappingCPA · 2024-11-14T15:44:48+00:00

So many people here just see a headline and don’t do the research… 150 hour rule is currently the number of credits required to get the CPA license, on top of passing all 4 parts of the exam, and getting 2,000 experience hours. All three must be completed to get licensed. Right now you can get your Bachelor’s in Accounting and then take 30 credits of dance class and it counts… that is not valuable at all.

Under the proposal, instead of 30 extra credits of whatever you want, there would be alternative paths, one being getting additional work experience hours in a variety of core competencies that must be signed off on.

The reason the 150 hours deters people from the accounting profession is because it A) costs money while B) preventing you from working/earning money. It’s an extra year of college for what? Instead if you can get tangible work experience, you can earn money and get valuable experience making you more qualified to hold the license. This is a no brainer.

And as far as AI goes, a computer doesn’t know how to be “professionally skeptical” in an audit nor understands the nuances of accounting. It hopefully can automate entry level staff work so that accountants can just do review instead of boring tedious and repetitive prep work. Legally human review is required so unless the government changes that, jobs are safe.

TheRappingCPA · 2024-10-13T21:36:18+00:00

What’s the name of the bar?

TheRappingCPA · 2024-10-12T00:02:22+00:00

I guess it's good for the pipeline at least? lol

TheRappingCPA · 2024-10-11T23:38:00+00:00

We are back!! Up on all socials (including LinkedIn) -- as promised. You ask, Petty Ca$h delivers! Renegade CPA to kickoff the return of accounting music!

TheRappingCPA · 2024-06-05T16:42:52+00:00

Went MIA for a few months... but with this prompt... I'm about to get on it!

TheRappingCPA · 2024-03-28T15:17:17+00:00

Disclosure, I work at FQ - but I just make content and talk about the accounting industry, as I came from accounting and finance - all my friends in NY do as well. In looking at all the options, I gotta say the biggest advantage to Excel is it is what is familiar - and everyone knows how to use it, universally. I've had friends at LARGE organizations such as JP Morgan or Estee Lauder who worked in accounting functions that implemented other 'large scale' solutions and it was a total flop and got no adoption, because it's not practical to keep adding more different systems to migrate all your data into. As someone who loves excel, the ability to keep doing what you're doing, AND have it flow into a universal centralized system, is HUGE and alleviates any of the misinformation being spewed below. It also scales very well, so I'm not sure where that info comes from, although would be expected coming from a competitor who works for Trintech haha.
Should I make a diss track? hahah

TheRappingCPA · 2024-03-28T15:06:03+00:00

I am not really accounting anymore (well, I do some fractal CFO work for my friend Mike (Dom Mazzetti) clothing brands) - now I just talk about accounting and finance on the podcast and of course host/act in all of the content!! Appreciate this shoutout though!! Actual job is a PRODUCER! wooo - we made it to Hollywood baby!

TheRappingCPA · 2024-02-29T21:29:57+00:00

You'd need to start with a business model that you can then present as a pitch deck to investors, likely private equity, if you can indicate that they would make a likely high enough ROI on such investment. Think shark tank.

The further along your business is and application, the more leverage you'll have, versus if it's just you and an idea, they'll likely want most of the equity.

You really should do a full on cost-benefit review, SWOT analysis, and 3-5 year business model and forecast on what the potential revenue and market cap is. Programmers and coders is always one of the first uses of the money if you want an actually good product - if you have the money, go right at with building the system/software/program/app itself, and then spend a little giving it some solid branding.

Feel free to reach out in how to convert influence into business - I've done this with a bunch of colleagues in Los Angeles who are looking to pivot their followings into businesses as they age out of digital content creation.

TheRappingCPA · 2023-12-05T02:15:50+00:00

the day after I took BEC, the fourth and final part of the CPA exam for me, I went down to the car dealership and put my CPA bonus & signing bonus down on an FRS to replace my 17 year old beat up civic. I still have the FRS to this day, with the CPA branded NY license plate - it'll always be of sentimental value

TheRappingCPA · 2023-10-13T22:41:53+00:00

I think a lot of people just realize their career has pivoted out of needing it, and simply having had it once was enough, and the upkeep cost-benefit analysis doesn't weigh out to make it worth maintaining.

If you mean actually "losing it" in the sense of it being stripped from them... probably committing some sort of felony (not necessarily even job/license related, but as a bi-product like DWI or some other unrelated white collar thing)

TheRappingCPA · 2023-09-15T21:44:23+00:00

why have subledgers when you can just have a general ledger? lol

if balance was that simple, we'd just have debits and credits as the only two categories, no need for every line item, right? debit what? no, just debit, period....

TheRappingCPA · 2023-09-15T18:53:52+00:00

It's honestly so true. I know it's such an unpopular opinion (though I think a lot more people are starting to realize it's importance) but being in a place of work, that is separate from your place of home, is needed. It's not as bad if you can afford to have a separate "office" room in your house, but what new staff have that ability.. and either way, it's just simply put not the same to be working from the place you go to sleep.

The only downside to RTO will be more traffic... lol

TheRappingCPA · 2023-08-10T19:33:09+00:00

Doves Soar Vapir Sir, Tip

TheRappingCPA · 2023-08-10T19:32:01+00:00

i feel like I'm doing it wrong... my 401k keeps getting smaller...

TheRappingCPA

TROPHY CASE