Why is accounting so needlessly complicated?
Why is accounting so needlessly complicated?
Christian Jones
Asher White
room for jewish tricks desu.
Luke Johnson
All those boring ass careers like STEM/anything with maths are for high IQ autists. If you managed to go throught that hell while not getting laid with Stacies it guarantees that you are a submissive high IQ introvert autist that will do as told and wagecuck for hours.
Josiah Foster
But isn't it pretty much the first step to becoming wealthy? Along with starting your own business? Accountants understand money and that is the key to making more of it.
Blake Murphy
Pretty sure all those good looking instagram kids making 4 figures per post aren't accountants.
Nicholas Nguyen
Do you really understand how to make more of it or just how to manage what you already have?
Aiden Gonzalez
You mean finance degree not accountants.
Aiden Powell
Local GAAP is complicated because financial accounting and tax accounting are often tied together (US is an exception).
Accounting in general is so swayed by special interests that want to make sure their industry can make themselves look good on paper so that 1) management can get their bonuses 2) to make sure they can get credit from banks.
That said, I have a Master's in Finance and I don't think accounting is too complicated. You seldom need to know very fine details like the exact rules on how many % of a car you can depreciate per year in Sweden for example.
Eli Edwards
So there's a chance you launder your dirty money until you get comfy and the pigs find out
Jeremiah Edwards
It's a never ending game of cat and mouse between the government and tax payers
Henry Rivera
>Why is accounting so needlessly complicated?
STEM here, btw.
Adam Hernandez
It's not needlessly complicated. It's exactly as complicated as it needs to be unless you're trying to commit fraud or something. That's actually one of the biggest indicators of fraud happening: finances that are needlessly complex.
Charles Nelson
A handful of jackasses committed financial fraud and ruined things for everyone else.
Ian Hernandez
this
tons of people got filthy rich with the derivative gambling boom prior to 2008
we've all seen the big short, but everything I read and watch seems to be concording with the movie. I wish I could have gotten aboard the free money train
Kevin Bell
Everyone older had all the opportunities you didn't have
The ruined economy is the fault of the prior generation
You're a helpless victim of your circumstances
Maybe you should occupy Wallstreet and demand reparations and free college
Thomas James
Because taxes are needlessly complicated.
Brayden Walker
Because learning accounting is like learning a new language but you also have to be a numbers autist
There's also tons of new regulations and principles you have to learn all the time to stop companies and people from destroying the economy. Also with the emergence of new industries like the massive new digital subscription industry now they have to completely rewrite old principles so that companies properly report income so the government gets that tax money.
Ryder White
what ? I dont care about all that bs
If I could get a job at a BB bank or an insuranc company I'll sign within 15 minutes
people have different views on the subject but I would for sure sell my soul for a few years to make big bucks
Joseph Kelly
Tax codes are developed by politicians pandering to voting blocs by adding one special interest rule after another.
No one has any incentive to ever go back to cull those rules, so they just pile up over time.
Voters would rather argue about asinine shit that's easy to understand than deal with an actual problem like that's hard to understand.
See:
wsj.com
forbes.com
Connor Jackson
It's not just taxes though (although taxes are definitely unnecessarily complicated, at least in the US).
I'm talking about GAAP and the FASB codification and how it pertains to financial reporting. A lot of the rules are just complicated for complication's sake. (example: AOCI, accounting for pensions, consolidations and intercompany debt, new codification for leases, etc.)
Ayden Hughes
Financial accounting is easy even though I don't understand half of it.
Tax is hard but it makes sense.
Auditing is a joke, at least in the Uni courses I took.
Cost accounting is fucking my life up.
Brandon Jackson
It's not complicated.
Jose Foster
Because Of The Need To Ascribe A Cost To Virtually Everything We Do In Order To Better Fuck The Average Man Over In Unnecessary Expenses.
Camden Gomez
Accountants are supposed to make sure that the financial standing of a company gives a correct picture to the users (i.e. not too positive and not too negative), that means following laws and applying principles yadda yadda yadda. It's not in and of itself how to generate money or to become rich, though accountants usually know a lot how a business operates and have to get knowledge about the business they audit/do the books for in order to fully understand the numbers
Zachary Jones
in one word "Corporation".
Think about it, Why did You become an accountant?
Why are You driving a 2000$ car paying high taxes? while the Nigger drives a brand new car?
Angel Torres
It's not user, it's actually quite logical and organized.