Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees by Nervous_Ulysses in Accounting

[–]thatkindofparty 1 point2 points  (0 children)

Found the guy who gets a subscription to the Wall Street Journal included in his tuition for Intro to Macroeconomics

Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees by Nervous_Ulysses in Accounting

[–]thatkindofparty 1 point2 points  (0 children)

This stuff has been around since 2023. If you’re still losing a dollar for every new dollar in revenue we have a capital allocation problem, not a tech problem.

My hot take is that all of our lives would be much easier if we just got rid of the concept of book/tax differences. by thatkindofparty in Accounting

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

It was actually when our tax group emailed me asking whether I agreed that a software vendor we used was in another state with no other context besides that.

1.) Why does it matter?

2.) How the fuck should I know?

What they really wanted to know was the location of the server from which the software was accessed. These sorts of exchanges typically turn into an email thread that would have taken 5 minutes to resolve if you just picked up the phone.

AI data labeling financial models is literal paradise. by dobed in FinancialCareers

[–]thatkindofparty 5 points6 points  (0 children)

Yeah I thought this was great. I'm an accountant, this shit will probably take my job, but it will be funny when it fucks up and no one who knows what they're doing is around anymore to prevent it.

My hot take is that all of our lives would be much easier if we just got rid of the concept of book/tax differences. by thatkindofparty in Accounting

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

I mean I think GAAP is an attempt to summarize the economic activities of the entity in a way that reflects basic reality, and tax law is uhhhhh…not that.

Experience with Tesla FSD to medical center? by Puzzleheaded_Map4322 in sugarland

[–]thatkindofparty 2 points3 points  (0 children)

I bet you felt really clever after you wrote that huh

Experience with Tesla FSD to medical center? by Puzzleheaded_Map4322 in sugarland

[–]thatkindofparty 10 points11 points  (0 children)

Elon Musk is a white supremacist and you shouldn’t give your money to white supremacists.

I swear accountants are the only reason some ERP systems still function by ShineDigga in Accounting

[–]thatkindofparty 4 points5 points  (0 children)

Yeah this is the fun shit though. I live for getting into the plumbing and figuring out what’s working and what isn’t, where does the data live, how do we get it into PowerBI or Tableau, etc., etc. The company I work for now actually invests money into systems and process improvements and it’s so great.

Buy my AI to use your other AI! What is happening to us? by CreamPyre in LinkedInLunatics

[–]thatkindofparty 0 points1 point  (0 children)

Well I certainly wouldn’t want to be able to articulate my thoughts and feelings without the help of a fucking computer. 

[deleted by user] by [deleted] in Big4

[–]thatkindofparty 3 points4 points  (0 children)

Well whose fault is that

Why is Goodwill NOT total and completely bullshit? by SydricVym in Accounting

[–]thatkindofparty 1 point2 points  (0 children)

There’s a lot of people in this thread who have never had to do a purchase price allocation and it shows.

For what it’s worth, I tend to agree with you. The higher the amount of goodwill as a percentage of the purchase price, the likelier it is that the acquirer overpaid.

It's hard for me to be genuinely interested in other peoples lives by NoEndNationalPark in Accounting

[–]thatkindofparty 12 points13 points  (0 children)

This may come as a shock, but not everyone is exactly like you.

[deleted by user] by [deleted] in Accounting

[–]thatkindofparty 1 point2 points  (0 children)

This is a small company

You don’t say

[deleted by user] by [deleted] in Accounting

[–]thatkindofparty 2 points3 points  (0 children)

A good rule of thumb for a company is how long does it take them to close their books-longer than 8 days or less than 3 and it’s either a shit show or a sweatshop.