?

Log in

Accounting · Help


Help for those learning accounting

Recent Entries · Archive · Friends · Profile

* * *
I noticed no one has posted here since last year, but hopefully someone out there will respond and help me with my dilemma.

In January I moved to Toronto and started taking Accounting at George Brown College.  As much as I am interested in the subject, I find it so hard to be in school all day.  I did a BA at Ottawa U and was really happy when it was over.  If I stick with this accounting program full time, I will be done by December 2013, which really isn't that far away.  That being said, I'm just not into school taking up the majority of my time.  My problem with dropping out is that I'm a practical guy and worry that this is not a practical solution.  Like I said, I like accounting, and so my other option would be to go the CGA route.  This way, school is part time, more manageable, and I'll still be able to have some fun on the side without being stressed out.  I'm a work person, not a school person.  Overall school stresses me out and work makes feel good and productive.  Currently working part-time in the finance department of an IT company and I flippin' love it man.  Anyway, another problem is that I do not want to drop out of school and enroll in the CGA program only to find out that it's not for me either.  Am I better off sucking it up and getting my diploma, then finding full time work and going from there?  

Hopefully someone can help - I've asked people before and I've received mixed opinions.  I really hope though, that one option is better fitting than the other.  Thanks.
* * *
I'm doing a frieds taxes this year and according to her, she wants to 'itemize her ass off'. She wants a list of what she should be accounting for. Itemizing is something I have little experience in. Can someone give me examples? She works at a not for profit agency doing home care. She also has a disabled son. The state pays his school expense, but she covers a lot herself. He's in a wheel chair, immobile, non communicative. he gets round the clock care and a new bathroom that is wheel chair accessable was just installed.
Any info on itemizing would be greatly appreciated. Thanks!
* * *
I am currently a student at a well respected college, and I have been very strong in the classes I have been taking. Great GPA with a rather heavy courseload.

I would like to get some opinions from anyone. I am set to graduate in December 2011, if I continue the very heavy courseload I am in right now. This would prevent me from doing an internship however, because in the spring I would be taking 6 courses, the summer 4, and the fall another 6. I know to maintain my GPA, I need to invest the time not in school to school.

Everyone is telling me how important an internship is, but the actual benefit from not taking the student loans, and having an awesome GPA just seem better to me.

If my ultimate goal is to be in a government job, which direction should I go? Does it change if I am considering Big 4?

* * *
Hello. If I make an additional principal payment will it lower my monthly payments?

I have a 30 year fixed rate mortgage.

* * *
Does anyone know what the best online-only accounting undergraduate degrees are? So far I'm applying to Franklin University, Regis University, and the University of Minnesota at Crookston.
* * *
* * *
I am a student who is attempting to graduate in December 2011. I am a Pennsylvania resident, and just found out today through a Becker presentation that the requirements are changing... right after I graduate. I won't have my degree and transcripts available in time to sit for the exam before the changes.

This means for me to sit, I only need 120 credits, but to become licensed I need 150. This is frustrating, because I had hoped to get in with a good firm and get assistance in paying for my MBA, and not going directly for it after my Bachelors. My original plan was to receive my Bachelor's and sit for the exam, and maintain employment with whatever firm I land an internship with. This would give me at least two years before I would hopefully land with a national or global firm and move to a much nicer climate.. AZ, TX, NV, or CA.

However, in this new light I began looking into some of the states I had an interest moving to, and what their requirements are. California is a state that has no residency requirements and 120 credits, however it is a big jump to make across the country, on the hopes that when I pass the CPA that I can find a job at the snap of my fingers.

Has anyone done something like this, or have suggestions on how to deal with the new credit requirements for the CPA? I am just trying to avoid continuing into my MBA right away, because I feel that it will be more beneficial to income and expenses to wait for a company that offers education reimbursement things. Will a firm even consider someone who can sit but can't be licensed?
* * *
Hello.
Could you help me answer the test task.
I do not know very well English (I'm from Russia).

Here's the original test:
"1) All the holding companies are located in the same country, while all the branches and subsidiaries are registered and perform their activity in different jurisdictions. Please consider how would you organize the implementation process, what ERP systems would you suggest to use for each of the company and on the Group level from the point of view of the cost / benefit analysis.

2) Company A recharges a number of its costs to its Branch. The costs are recharged with 5% markup. Part of these costs are capitalized by the Branch as far as they relate to drilling of the well, which is currently the main activity of the Branch.

Please summarize how the intercompany balances reconciliation and elimination process shall be organized in the consolidation module of the accounting system ..
"

I doubt that Google correctly translated my answer:

"1. For the final consolidation of holdings makes sense to use one ERP-system. If holding companies are located in Russia, it is economically expedient to stop the choice on the decision of IFRS on the basis of" 1C Enterprise 8. In its subsidiaries and affiliates to change your system makes sense if the existing system does not meet the needs of operational records and prepare reports on standards regulated countries in the jurisdiction where they belong.

2. The cost of recapitalizing the need to make a separate document to reflect the increasing capitalization of the company A.


To separate intra-speed inside the Holding Company should be in subsidiaries and affiliates to enter classifier holding companies and put the line contractors and a single classifier related companies.
Typically, all accounting systems keep records of debtors and creditors in the context of contractors. Thus, standard reports will show an intra-turnover and turnover with related parties. "

Thank you for your help:))
Current Location:
Russia
* * *
I'm currently at a community college in Illinois, finishing up my 17th credit directly related to an A.S. in accounting this summer, with 71 credits coming in from the University of Minnesota, and 22 more credits worth of classes left to complete my A.S., which I'm scheduled for in spring 2011. However, I realized that I'll be losing my financial aid at the community college once I hit 90 credits, so I need to switch to a 4-year A.S.A.P. Now, because of my job situation, I'm essentially limited to the University of Illinois at Champaign-Urbana, or an online-only program. So I have a question for all of you accounting types (or generally "types who have picked colleges"):
- What are employers looking for in their applicants educations/training? Should I make sure I enroll in a program that has opportunities to take classes with honors credit? What about one-on-one work with professors, similar to what liberal ed. students tend to aim for to boost their academic resumes?
- Are any online programs particularly known for their accounting programs? Are there any warnings signs of a "flimsy" accounting program?
- Would it be better to attend an established state university (i.e. the University of Minnesota) that has an online campus vs. a university that's predominantly online (i.e. the University of Phoenix)?
- Even for brick-and-mortar universities, how did you go about picking a four-year university if you transferred after deciding you wanted to go into accounting, or a master's program after getting your bachelor's?
- Are there any good forums online that I might be able to get further answers from?
- Will I be missing out on anything by not picking up my A.S. before getting my B.S.? I was thinking I might be able to get a better "student job" or internship with an A.S. than simply 2 years through my B.S., but then again maybe employers would prefer an A.A.S. for that, and the A.S. itself wouldn't be worth anything except for transferring to a 4-year. (For that matter, is a 4-year more likely to accept me if I have an A.S. under my belt?)
Any other advice you can think of to give to me would be greatly appreciated.
* * *
Does anyone know what options there are for accountants from other countries (namely the U.S.) to become qualified for accounting jobs in other countries (namely the Germany or Japan)? Would it require an entirely new degree, or just studying for and passing any local licensing exams? For the record, I'm a dual U.S./German citizen, but have no legal standing in Japan.
* * *
Im hoping someone here can give me some advice on this.
I am keeping records for my own small business and am wondering if money put into petty cash (in my case to busy stamps etc and pay my national insurance contributions) should be included in the "income" section of my books so that I can record the receipts in "expenditure"). Or does money from petty cash not get recorded in "income" only as "expenditure" listed as coming from petty cash?
Current Mood:
confused confused
* * *
* * *

Previous