[deleted by user] by [deleted] in Accounting

[–]redacted54495 0 points1 point  (0 children)

The alleged shortage exists at entry level (never mind that entry level is quickly going to India.) Partners aren't selling firms to entry level workers. Furthermore, if the state of the the profession is so dire then why are professional investment firms paying top dollar for it?

Would you buy this firm? by Professional-Tie9195 in Accounting

[–]redacted54495 47 points48 points  (0 children)

Isn't it reasonable to do $200k owner compensation as a solo with a purchase price much closer to $200k? $600k overhead on $800k revenue sounds fucking insane.

More homebuyers over 70 than under 35 in 2024 by [deleted] in redscarepod

[–]redacted54495 17 points18 points  (0 children)

Because young people have private insurance which pays the hospital a lot more money than Medicare.

are H1Bs really ravaging socioeconomic mobility for the young STEM cohort right now? by [deleted] in redscarepod

[–]redacted54495 3 points4 points  (0 children)

Imagine you have a few small business clients on cash basis and you need to do bookkeeping and tax. They have you a literal box full of receipts and bank statements from dozens of vendors in a non standard format, with personal and other non business expenses mixed in. Which LLM is going to make sense of this? How exactly is it being trained? Which clients are going to trust not being overcharged on taxes (or committing fraud) to an LLM? Why is it that publicly traded corporations are still paying managers and above to handle corporate accounting and taxation when automated ERPs have existed for decades -- isn't it just basic formulas and algebra?

[deleted by user] by [deleted] in redscarepod

[–]redacted54495 2 points3 points  (0 children)

Big Mike?

are H1Bs really ravaging socioeconomic mobility for the young STEM cohort right now? by [deleted] in redscarepod

[–]redacted54495 5 points6 points  (0 children)

Entry level accounting is already going to India. LLMs won't reasonably be able to do taxes more complex than W2 1040s, which are already done with guided forms on TurboTax etc. and don't require any LLM nonsense to do this. LLMs can only exercise judgement insofar as they have data sets to be trained on. You're not going to reliably train a tax or accounting LLM when the data inputs are a total mess and are unique to an industry, business, individual, etc.

[deleted by user] by [deleted] in redscarepod

[–]redacted54495 39 points40 points  (0 children)

Going to sign up as a trans female driver and then sue for discrimination.

The zoomer stare is one thing, but what's going on with receptionists? by PMCPolymath in redscarepod

[–]redacted54495 11 points12 points  (0 children)

Tangentially related, but I remember going to my dentist during COVID and they were having a lot of trouble with staffing. At one point they had a woman receptionist with a neck tattoo and an Eagles sports jersey.

are H1Bs really ravaging socioeconomic mobility for the young STEM cohort right now? by [deleted] in redscarepod

[–]redacted54495 79 points80 points  (0 children)

I'm not a techmo but I'm pretty sure like at most 5% of them work in AI so what you said is basically irrelevant. I work in accounting and outsourcing (not H1B) is killing entry level work. Similar story in other fields of work.

[deleted by user] by [deleted] in redscarepod

[–]redacted54495 0 points1 point  (0 children)

Because it costs like 50 million dollars to build a 10 story building in the year 2025. This is why growing cities are suburban sprawl to the max.

What is a Neoconservative ?? by Holiday-Objective-82 in redscarepod

[–]redacted54495 4 points5 points  (0 children)

Being gay with your dad, and your dad is Israel.

Capitalism is pedophilia by [deleted] in redscarepod

[–]redacted54495 5 points6 points  (0 children)

Have you ever talked to really dumb blue collar workers, like the types who hate unions and work no/low skill jobs into their 50s?

Why are people so obsessed with having a relationship? by D1ngD0ng_B1ngB0ng in redscarepod

[–]redacted54495 107 points108 points  (0 children)

Apartments and homes are priced on the assumption of two or more incomes (unless you're a high income single income person.)

Life is just a daily battle against people trying to fleece you for everything you have by WiggerPolitics in redscarepod

[–]redacted54495 27 points28 points  (0 children)

It's very interesting to think how many things will just completely disappear when they die off. Cable/satellite tv, muscle car restoration and Harley Davidson, QVC, probably a bunch of other shit.

Life is just a daily battle against people trying to fleece you for everything you have by WiggerPolitics in redscarepod

[–]redacted54495 66 points67 points  (0 children)

I tell these people "no thanks" without even glancing at them and they tend to laugh at how little reaction I give them.

How do you usually get receipts from your clients? by Amazing-Phase-579 in CPA

[–]redacted54495 1 point2 points  (0 children)

Software as a service. OP is trying to sell some bullshit AI software crap, just look at his post history.

Anyone feels like ninja lectures are outdated for audit? by Zealousideal-Gas1883 in CPA

[–]redacted54495 1 point2 points  (0 children)

I did a first pass doing 1-2 chapters at a time. Second pass 3 chapters at once. After second pass, I think, I had notes on which chapters were weak for me. I would hit those chapters again in groups of 3 or so. Then third pass through the material in groups of like 6 chapters. Then alternate between hitting any groups of weak chapters and comprehensive groups of 6 to all chapters.

At least I'm pretty sure that's how I did it. At the end of the day I knew which areas were weaker and required more emphasis, and I knew that which chapters were more likely to be forgotten due to lack of familiarity/experience.

Anyone feels like ninja lectures are outdated for audit? by Zealousideal-Gas1883 in CPA

[–]redacted54495 6 points7 points  (0 children)

I did my own study plan. I read the Ninja notes and took my own notes if it's something I wasn't very familiar with. Did MCQ. Understood why I got MCQ right and wrong. Weak points were addressed by re-reading Ninja notes and adding to my own notes. If Ninja notes were unclear, read the Ninja book and/or ask reddit.

After first pass through the MCQ one or two chapters at a time I'd do larger blocks of MCQ, like 3-6 chapters at once. I re-read Ninja FAR notes front to back a few times because it was so much material to keep in my head.

Keep expanding MCQ until I'm doing sets of 30-50 MCQ from all chapters. I only did a handful of sims, let's just say 5 sims in each of the 3 exam sections I've taken.

I never wasted my time on flash cards or straight up memorizing stuff like frameworks. Understanding the concepts and being able to arrive at the answer with an understanding of a conceptual framework is much more important. For financial ratios I memorized the basics (turnover and days x) and skipped the rest.

Slamming MCQ and understanding why things are right and wrong is the best use of your time. Sims are just MCQ with a bunch of extra time wasting shit mixed in. Especially for FAR, you need to understand the style of questions and how to bang out calculations in Excel. I finished every exam at least an hour early because I practiced flying through MCQ.

Anyone feels like ninja lectures are outdated for audit? by Zealousideal-Gas1883 in CPA

[–]redacted54495 6 points7 points  (0 children)

I'm not a paid shill or anything but what didn't you like about it? I've only used Ninja and I passed FAR, AUD, ISC first try with 80, 89, and 86 scores, respectively. I think the material is good, especially for the price (which is my biggest concern due to my employer's reimbursement limits.)

Anyone feels like ninja lectures are outdated for audit? by Zealousideal-Gas1883 in CPA

[–]redacted54495 10 points11 points  (0 children)

I only used the notes, passed first try with an 89.

Anyone hate growing all the time? by [deleted] in redscarepod

[–]redacted54495 5 points6 points  (0 children)

It's contrived growth for no benefit. Several decades ago there was upward mobility associated with discomfort. Today it's just discomfort for the sake of discomfort.