What Do Accountants Do – Prepare Forms

What Do Accountants Do – Prepare Forms
NOTE: This is the third part of a series about “What Do Accountants Do All Day.” After the information is gathered, rearranged in a useable format, and reviewed, it’s finally time to do a step understood by the general public: filling out forms. Obviously we don’t create them by hand, though pen to paper would be a ...

Rihanna’s Accounting Woes

Rihanna’s Accounting Woes
According to TMZ, Rihanna screwed herself out of millions. Based on the article, it looks like the real issue is that Rihanna didn’t read the find print. Whether the accountants took advantage of her or she naively believed they would magically manange every aspect of her financial life, I don’t know. Could have gone either ...

Children Should Learn About Money, Says People Who Study Money

Children Should Learn About Money, Says People Who Study Money
The Journal of Accountancy is probably not in most people’s bookmarks, and since the recent survey discovering that many parents don’t talk to their kids about money isn’t exactly good filler material between Olympic events, many people probably missed last weeks exciting news. Some 30% of parents never or rarely talk to their children about ...

What Do Accountants Do – Workpapers

What Do Accountants Do – Workpapers
NOTE: This is the second part of a series about “What do Accountants Do All Day.” After all the data is collected, the real accounting fun begins. We spread all the information we’ve received from the client onto our virtual desk, stick on our transparent green visor, and start to sculpt warm, sticky mess. The trial ...

What Do Accountants Do — Gathering Data

What Do Accountants Do — Gathering Data
NOTE: This is the first part of a series looking at “What Do Accountants Do.” Gathering data should be easy. Accountants have lists, often more comprehensive than a teenage girl’s twitter account, of everything we’ve ever needed from the client in the past, and everything we expect to need in the current year. This is our PBC list ...

What Do Accountants Do – Introduction

What Do Accountants Do – Introduction
Someone asked me the other day what I’d do if the country moved to a flat tax. That won’t happen, as I’ve discussed before, but let’s pretend Grover Norquist or Ron Paul stumbled on a magic lamp and, after two foolish wishes (I’d assume they’d involve armadillo slaves or dancing hyenas), they ask the genie ...

Getting Hired–Your Picture

Getting Hired–Your Picture
All of the big accounting firms do some sort of “summer leadership program,” which is really just accounting speak for “recruiting.” The bright-eyed college kids learn about as much about leadership at these things as they could flipping burgers at McDonalds. I don’t believe attending helps your chances to get hired (at least I’ve never ...

Accountants Suck at Math

Accountants Suck at Math
Tell me if you’ve heard this one before: girl who is a genius at math is so amazing she started doing her parents taxes at 5 years old. I recently read Scott Westerfeld’s “The Secret Hour,” and even though the entire book was about crazy creatures who exist only during the 25th hour of the ...

We’ll Find Out What’s In It…I Think

We'll Find Out What's In It...I Think
The Patient Protection and Affordable Care Act, better known as Obamacare, just can’t stay out of the news. Obviously the biggest update is the Supreme Court’s decision to review the law, though I have a feeling that even if they rule 9-0 in favor of the thing it’s just going to keep on coming up ...

I Blame Corporate Greed

I Blame Corporate Greed
I’ve had some server issues over the past couple of weeks. That, combined with no free time, means I haven’t done any updates recently. But now my server is back online (I hope), my blog theme is updated and in place (mostly), I finished editing the book I was working on (for now), and the ...