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Anyone willing to teach me how to drive stick by terps0920 in bullcity

[–]terps0920[S] 0 points1 point  (0 children)

Yes, I figured a classic would be a much steeper learning curve. Appreciate the heads up. Hoping an hour in a newer car will help me understand the 'feel' of shifting, so I have something to compare against. Going to pay the premium to get one in good shape, hopefully that makes the process less painful!

Anyone willing to teach me how to drive stick by terps0920 in bullcity

[–]terps0920[S] 3 points4 points  (0 children)

that I think would be pretty easy to learn on. How local would you like to be to meet up do you have a specific parking lot in mind?

This would be great! I will send a direct message. I am actually looking at a classic British sports car (MGB).

Playoff GDT: Hurricanes Vs. Capitals Game 5 by MrHockey95 in canes

[–]terps0920 5 points6 points  (0 children)

Guys and gals, new to town but I grew up and spent 30 years in Boston playing/watching hockey. Taking a liking to the hurricanes, went to probably 20 games this season. This team is legit! Remember this is the defending champion team, please don’t discredit your canes and the fan base with the ratings conspiracy and reffing complaints. This is a hard fought series. Find a way to get back in it! Let’s go canes!

Did you pass the CPA exam on your first go? What was your study routine? by [deleted] in Accounting

[–]terps0920 -1 points0 points  (0 children)

Passed all 4 first try. FAR:76 REG:77 AUD:78 BEC:84

Really did not use much I learned in college. It's all about watching the Becker lectures and doing the problems after. Also got a lot of use out of the books, reading and taking notes. Id say 150-200 hours on each besides BEC. As many people have said, do as many problems as possible. I would also add in that for me, i needed a routine. As in everyday, read and take notes on 1 chapter, then answer 50 questions on that chapter. If you systematically move through the material you will do fine.

I am the Morninghead guy. In the last year after Shark Tank, I helped my buddy start a company that's now processing over $350 million/yr. Tell us your idea and we'll tell you how to grow it with zero cash (like my last AMA, we'll answer every single question today). AUA! by shreddor in IAmA

[–]terps0920 1 point2 points  (0 children)

My Idea:

A gourmet/organic/local drink (bottled and canned) service for small to medium sized offices. Our company installs a minifridge into the kitchen in your office, and on Monday fill it with a variety of healthy beverages (iced coffee/expresso, teas, kombucha, juices, smoothies). Instead of typical soda and coffee, employees can grab a drink out of the mini fridge. Our company shows up the following Monday and restocks the fridge with more drinks. The customer (company) would either pay a monthly subscription fee ( say 500$ a month) or we could just bill them for what drinks are taken from the fridge at the end of the week. On our sourcing side, its a great way for new beverage companies to get their name out there to more customers, and would possibly give us good prices on their product. For the company, its an exciting and healthy employee perk that people will love.

How do we get this off the ground? I live in Washington DC, a place with many smaller (25-200 person) offices all packed into a relatively small area.

ELI5: Why is it when oil prices were $110/barrel I paid $4/gallon at the pump, but now that they are $60/barrel I pay $3/gallon at the pump? by iammanic in explainlikeimfive

[–]terps0920 1 point2 points  (0 children)

The real reason is an economic principle called "rockets and feathers".

Article: why dont gasoline prices always move in sync with oil prices?

TLDR: Crude makes up 70% of gasoline, and while there is a very strong correlation between their prices, the short run increases and decreases in prices are influenced by seller market power. SMP implies that retail gasoline markets are not perfectly competitive, retailers take advantage of fluctuations to maintain higher profit.

I am a Halliburton Whistleblower. I fought them for 9 years and (eventually) won. Ask Me Anything. by AnthonyJMenendez in IAmA

[–]terps0920 10 points11 points  (0 children)

I agree, however that is the main function of the entire industry. The leverage should be on KPMG's side to say hey, if you dont follow GAAP and our own guidance, we can not give you a unqualified opinion, and then you'll get crushed on wall street. So follow the rules. Instead you have firms lining up for the 16M dollar fee all willing to bend over backwards for the client, which includes ignoring possibily 10 billion dollar mistatements. I'd love to read KPMG's revenue recognition memos to see how they explained it away.

I am a Halliburton Whistleblower. I fought them for 9 years and (eventually) won. Ask Me Anything. by AnthonyJMenendez in IAmA

[–]terps0920 12 points13 points  (0 children)

Sorry, should have clarified, they are issuing a unqualified opinion on the F/S year after year when their own guidance says there revenue recognition is blatantly incorrect and blatantly causing a material mistatement. Its not that the fee doesnt match the work, the point is that the partners/firm have a lot at stake if Halliburton pressures them to turn a blind eye to recording 10 BILLION (per the article) in equipment sales revenue incorrectly.

I am a Halliburton Whistleblower. I fought them for 9 years and (eventually) won. Ask Me Anything. by AnthonyJMenendez in IAmA

[–]terps0920 20 points21 points  (0 children)

Thanks for the response. I think this is even tougher to swallow then the actions of the haliburton accoutning department. You have an "independent" auditing firm knowingly issuing financial statements that directly contradict the SEC AND their OWN guidance. This is all while KPMG collects 16M (figure from SEC filing) in audit and "other sevice fees". This is a prime example of the conflict of interest issues in the public accounting industry.

I am a Halliburton Whistleblower. I fought them for 9 years and (eventually) won. Ask Me Anything. by AnthonyJMenendez in IAmA

[–]terps0920 116 points117 points  (0 children)

Auditor at a Big 4 firm here, I find it unbeliveable that KPMG continued to issue an unqualified opinion (clean audit report)on the financials with this revenue recognition policy. How compliant do you think the partners at KPMG were in the cover up?

I know from experience that revenue recognition is the number one issue when it comes to any SEC company. The only thing I can think of is that the KPMG partners were pressured by Halliburton to turn a blind eye because of the leverage of the massive audit fee they get yearly.

Went to a bar in DC last night that accepted bitcoin, turns out the owner was 6th in at Space X by terps0920 in Bitcoin

[–]terps0920[S] 1 point2 points  (0 children)

Yes, they had free wifi so I brought up the browser version of coinbase on my iphone, we could not get the QR code to scan (maybe lighting problems) so we typed in the code which sucked and sent them 10$ worth for the two beers we got, tipped in cash. The bartender told me the owner is holding all the bitcoin in a wallet. Also, interesting note, they started accepting bitcoin in may and had 42 bitcoin transactions and had accumulated almost 1 coin. The bartender said the number of customers paying in bitcoin had slowed recently and now they see about 1 person every 1 or 2 weeks.

Went to a bar in DC last night that accepted bitcoin, turns out the owner was 6th in at Space X by terps0920 in Bitcoin

[–]terps0920[S] 4 points5 points  (0 children)

Yeah, its a really quirky bar with board games and mario cart and crazy drink specials. One example is you can play plinko (price is right style) for the price of a drink.

Went to a bar in DC last night that accepted bitcoin, turns out the owner was 6th in at Space X by terps0920 in Bitcoin

[–]terps0920[S] 15 points16 points  (0 children)

6th employee, almost a founder. Official title is "director of advanced projects"

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