fustercluck1
u/fustercluck1
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
It can be either one technically but the more practicalrecording would be dr capex asset and cr some sort of liability that represents an obligation to pay which increases the balance sheet unless the liability is paid off.
The point of capex is that it is not reflected in any expense account, it only gets expenses through depreciation/amortization/disposals in the case of a fixed asset. Even if you pay off the entire asset with cash it still wouldn’t hit the payroll expense account.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
Opex items directly increase expenses/reduce the company’s reported net income while capex items increase the size of the balance sheet and defers the expense.
If a company doesn’t track it accurately they won’t have accurate financials and could be mistating key financial figures like net income.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
For a lot of specific accounting policies implemented in reality sure. But they do have to approve policies if they involve things like executive approval limits and as you mentioned if the policy would be material to the company. Generally speaking from a governance perspective (and as a textbook response), board oversight/review over company policies is almost always the safest answer if you have to give a generic response.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
CAO/controller/possibly cfo and then the board reviews/approves it.
The community for Old School RuneScape discussion on Reddit. Join us for game discussions, tips and tricks, and all things OSRS! OSRS is the official legacy version of RuneScape, the largest free-to-play MMORPG.
The community for Old School RuneScape discussion on Reddit. Join us for game discussions, tips and tricks, and all things OSRS! OSRS is the official legacy version of RuneScape, the largest free-to-play MMORPG.
No idea about how the lure works but yoi actually do need a ton (like way more than 30k) if you fletch bolts or darts. The amount to get to 99 would easily take you into the millions.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
They know what’s you’re supposed to do (not what OP actually did) in public so it screams alarm bells when the OP can’t describe anything in detail in terms of what he did.
They don’t ask questions because they actually care about how to test cash or ar they ask questions so OP can prove he has basic technical competencies and learned anything useful when he was in public.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
200k+ in accounting/finance is upper management level positions (right below partner/c suite) and people generally hit that in 7-8 years at the earliest and some may never reach it (or take a lot longer) if they never move past a manager role. There’s almost 0 individual contributor roles that reach that salary band.
If you’re in a short term need for a 100k+ position, would not recommend accounting.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
No one’s expecting generic answers. The questions are generic because they want you to articulate your specific experience (see star method).