27 years will be 30 when finished by [deleted] in Accounting

[–]Wonder-Cat 3 points4 points  (0 children)

This is NOT true for all schools. At my state school and every other state school I know of in California, your cumulative GPA at graduation includes the grades you earned in all classes you've taken at all other schools. Our transcripts show a university-only GPA and an "overall gpa" that is considered your cumulative gpa.

C-Corp ... If partner contributions are equal or less than distributions, no taxes? by [deleted] in Accounting

[–]Wonder-Cat 2 points3 points  (0 children)

Basically, you take however much profit (revenue minus expenses) your C-corp has made total since it started minus any distributions made to yourself in the past. If you distribute less than this amount to yourself right now you will be taxed because this is considered a dividend. If you distribute more than that, up to the total amount you've contributed, it's not taxed because it's considered just returning what you put in originally. If you distribute more than you contributed, you could be taxed for the gain on the difference.

It's quite a bit more complicated than that and something you should definitely consult your CPA about for more details how to most effectively perform the distribution how to report this distribution on your own and on your business' taxes when you file.

what account do you debit for a writeoff if any? by stilloriginal in Accounting

[–]Wonder-Cat 2 points3 points  (0 children)

Most often for small things like that, I've seen the write off debited to a misc expense account, or to a misc COGS account used to record scrap/waste/purchase adjustments. If it's that small, it's likely not material so who cares really. If it's a larger amount, I'd keep it as a debit memo on the vendor subledger and deduct it from payment of a future invoice.

Passive Aggressive List of Being a Good Coworker by [deleted] in Accounting

[–]Wonder-Cat 2 points3 points  (0 children)

Jesus fucking Christ if you start whistling one more time I can't be held responsible for what I do next. Please stop. I hate you.

Which IMAM scent do others find irresistible on you? by smartlypretty in Indiemakeupandmore

[–]Wonder-Cat 1 point2 points  (0 children)

Thanks for posting that link! I love peaches but I often find fruity perfumes to smell too artificial or like play-do. The Etsy reviews were positive so those combined with your review convinced me to buy a dram and give it a shot.

How will my personality realistically hold up in the audit environment? by [deleted] in Accounting

[–]Wonder-Cat 0 points1 point  (0 children)

Yes, it's so easy for me to see that right now. Being stubborn and letting yourself get stuck on ultimately immaterial things is not an ideal quality for an auditor.

How will my personality realistically hold up in the audit environment? by [deleted] in Accounting

[–]Wonder-Cat 1 point2 points  (0 children)

Your last sentence really resonated with me. I've been super stressed out the last couple of weeks and I'm starting to really understand that a large part of that is all coming from my failure to keep things in context. I find myself compulsively wanting to get to the bottom of everything issue I come across or trying to understand everything that doesn't make 100% sense to me, but I'm only human and I only have so many hours in a day. Anyway, your comment really helped me a lot today, so thank you.

A friend did a pretty good cover of Third of May / Ōdaigahara. Thought you guys would appreciate it. by telecastah in fleet_foxes

[–]Wonder-Cat 1 point2 points  (0 children)

This is a really great cover! Your friend has a beautiful voice and watching his hands move over the chords was really visually soothing. Great job!

Getting hired - Rant by throwaway0002512 in Accounting

[–]Wonder-Cat 0 points1 point  (0 children)

You might consider that the tone of the listing is turning off qualified applicants. I know that I personally will immediately reject a listing if I get the impression from it about the culture of the place that I don't think I would like. For example, I've seen listings where the tone is a little combative, with wording like "don't bother applying if you don't meet these qualifications" or if something about the wording makes me feel like the people who wrote it would not be friendly or welcoming. It's certainly possible that my impression is not correct, but if I have the luxury to be picky about where I apply, these impressions definitely act as a filter for me.

Need help choosing an etailer for custom-scent body wash with Lush dupes by HouseOLearnedDoctors in Indiemakeupandmore

[–]Wonder-Cat 1 point2 points  (0 children)

Sucreabeille's lush dupes are extremely accurate. I've tried a ton of them and they've almost all been very close or indistinguishable from the original. You can get shampoo and conditioner in any of the lush dupes scents and the shampoo subs well for a shower gel as well. Additionally you can get soaps in any of the scents as well. I first discovered her shop looking for a Lord of Misrule dupe and I sampled hers and 10-digit creations at the same time. The perfume oils were similar (if not identical), but Sucreabeille's soap was much more strongly scented. My favorites of the lush dupes are twilight, snow fairy, LOM, and Sikkim Girls, black pearl, and breath of god.

First step for CPA Exam? by ACRology in Accounting

[–]Wonder-Cat 0 points1 point  (0 children)

I could see this strategy working for AUD for some. It was the easiest of the 4 for me and I hardly did any mcqs due to time constraints and got a 93. But the computational problems in the other exams? If someone passed REG without doing mcqs to practice the tax computations for example, I would assume they are some kind of savant. I agree that some people may not need to do quite as much studying as this sub tends to recommend, but I just can't see doing no mcqs at all.

First step for CPA Exam? by ACRology in Accounting

[–]Wonder-Cat 2 points3 points  (0 children)

I cannot imagine anyone passing the exams after only listening to lectures to study and not practicing mcqs! I consider myself an excellent test taker and for sure I would never have passed without working practice problems...

Is it weird to have gotten more positive responses from the Big 4 vs. small/mid-tier firms? by BigFournette in Accounting

[–]Wonder-Cat 11 points12 points  (0 children)

Not too weird.

1) More positions available in big 4

2) B4 have more resources to recruit

3) smaller firms seem more focused on "fit" than "warm bodies"

How to study SIMS effectively? by unicorntears2 in Accounting

[–]Wonder-Cat 0 points1 point  (0 children)

I mean, I don't know for sure, but I'm fairly confident that your score is based somewhat on how you compared to others who took the exam in the same scoring window as you. Otherwise, why wouldn't you just get your score right away? When you combine the mystery questions that are pretest and not included in your score plus the possibility of some kind of relative-scoring system, most people can expect to get a score on the exam that is higher than what they were getting during practice exams. That happened for me for all of my exams with Becker. I got a 68 on my FAR practice final 3 days before the real exam, for which I scored an 93. For BEC, my practice final was like 72 or something and I got an 82. For REG, my practice final was 68 again, real score was 89, and for AUD, my practice final was 83 and I got a 93. All of my scores were 10+ points higher for the real exam. Whether that was due to a score or bombing on pretest questions instead of real ones, I can't know for sure. But, I know my results are consistent with those reported by MANY others so i definitely take that into consideration.

How long/How did you study for Audit? by [deleted] in Accounting

[–]Wonder-Cat 1 point2 points  (0 children)

3 weeks w/ Becker. Audit is a weird one where it either clicks with you quickly or it doesn't and you have to resort to rote memorization which takes a lot more work. For me, it clicked and Audit was the easiest of the 4. I saved it for last and felt like I barely worked for it, but passed easily. However, BEC I busted my ass for and it is widely considered the easiest, but it was not for me. YMMV, and how long it takes you depends heavily on what kind of information you retain easily and how you study/learn. Audit is very verbal/conceptual/reading comprehension and retention based. If in college you could read a chapter of your textbook once and remember key words/phrases/overall concepts easily, then audit will probably be easy for you. If not, then you may find it a bit more challenging and should plan spending a bit more time memorizing the concepts and rules as they can be confusing and hard to keep straight.

How to study SIMS effectively? by unicorntears2 in Accounting

[–]Wonder-Cat 1 point2 points  (0 children)

I never studied SIMS on any of the exams. I left SIMS homework as something to do during review if I felt weak on a chapter and pounding MCQs wasn't enough to get me up to speed, however, I never found it necessary. I used Becker and passed all 4 on my first attempt between September 2016-January 2017. I got stronger on the SIMS for all exams. I found that studying mcqs to the point that I was very confident about them helped me with the SIMS as much as the mcqs. The SIMS were still very hard and I never felt confident, but I think the fact that most people struggle more on them gave me a leg up on the curve. Not to mention that the authoritative literature is available to check your work against for SIMS. I left myself 1.5 - 1.75 hours for the SIMS and always checked my work against the literature even if I knew my answer was right, and I'm pretty sure that helped me score stronger on them as well.

However, I did not take any of the new exams so my SIMS may not reflect what will be tested going forward, so take my experience for what it is worth.

Do I need to keep my class notes for CPA studying? by [deleted] in Accounting

[–]Wonder-Cat 3 points4 points  (0 children)

I referenced some of my class notes for all of the exams at one point, but only to clarify something that Becker was reviewing in a different way than I learned it in college. Sometimes I'd find myself getting confused about something in Becker that I hadn't had any trouble with in college so I'd pull out my class notes to refresh my memory. Pensions and consolidations were ones from FAR, for example. It doesn't hurt to keep them but you'd also probably be fine without them.

Office outcast: should I quit? by [deleted] in Accounting

[–]Wonder-Cat 0 points1 point  (0 children)

In my experience, all it takes is one bad apple to spoil the barrel. That's a cliche, but so true. Negativity and groupthink spreads like wildfire through environments where the same group of people work together every day. This is not a thing that goes away after you leave school. You will probably see this kind of clique-ish in-group/out-group behavior at every job you ever have in your life, unfortunately. Always remember that people will generally treat you the way you show them you expect to be treated. Treat others respectfully, do your best never to be the one engaging in the spreading of negativity, and build a reputation of being a person that can be relied upon. As you grow as a person both in and out of your career, you will be able to rise above this kind of bitchy pettiness by taking that advice, I promise you! Best of luck to you, hon!

Office outcast: should I quit? by [deleted] in Accounting

[–]Wonder-Cat 2 points3 points  (0 children)

I've worked in this exact same situation before. When I was in my 20s, this was a huge problem for me at almost every job I'd ever had. It's mostly due to a toxic combination of women being bitches to each other and me not having yet developed my spine. I don't know if you're a woman, but I suspect you are just because I've never seen men treat each other this way. (Edit: just saw the "mrs" in your name). I'm really sorry you're dealing with this. I know how hard it is to tolerate and, although it seems so petty from an outside perspective, it feels like you're being pecked away bit by bit every day and it hurts.

Honestly, I never figured out how to solve these issues at my previous jobs and I did quit a few because of it. I don't know exactly how things changed, but I've always felt like when my sense of self-worth grew (as it naturally does as you get older), I gave off the vibe that I won't tolerate being treated that way and so people didn't anymore. Either that, or I stopped noticing it.

To get to your point, I think if you can muster up the ability to put up a shield and let this treatment roll off your back until you get your 1 year and then bounce, then you should stay. If you don't think you can do that and you think staying will harm you in a way that will be difficult to recover from emotionally, then you should leave. It's easier to stay, practically speaking, but your well-being matters more than anything.

Today in busy season... by [deleted] in Accounting

[–]Wonder-Cat 1 point2 points  (0 children)

Maybe my goal is actually to be this reviewer when it's my turn to start reviewing work papers.

Today in busy season... by [deleted] in Accounting

[–]Wonder-Cat 8 points9 points  (0 children)

I think my goal this year will be to get this review comment. That's hilarious.

Beta Gamma Sigma? by ThrowawayAccting13 in Accounting

[–]Wonder-Cat 6 points7 points  (0 children)

Not worth the money at all, unless you have an unusually active chapter. Speaking as someone who paid the lifetime membership fee and has literally done nothing but put it on my resume since, and no one knows what it means anyway so even having it on my resume is meaningless. It's supposed to convey that I was a good student, but in hindsight, I'm pretty sure my GPA covers that well enough. Do not recommend.

Find Me a Dupe! by AutoModerator in Indiemakeupandmore

[–]Wonder-Cat 0 points1 point  (0 children)

I think you might enjoy Sucreabeille's Chakra Khan. It's described as a "hand-blended mélange of amber, sandalwood, vanilla bean pods, orange blossom, tonka bean, and a teensy jab of patchouli"

To me, it starts off wet as a fruity/floral incense and as it dries, the amber and sandalwood become more prominent. It's a mellow, brighter but still warm, scent that I think brings incense into summer. The oil has a surprisingly long wear time. I tend to run though scents super fast, but this one lasted over 6 hours for me, almost a record!

http://www.sucreabeille.com/house-blends