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HVC--I demand you explain accounting

Started by Ideologue, February 14, 2013, 12:16:40 PM

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Ideologue

Per Malthus' suggestion, I require you to explain what getting your accounting degree involves, particularly the math requirements and whether someone whose greatest mathematical accomplishment is comprehending that .9 repeating equals 1 is likely to succeed.  Also, please describe to what degree, if any, a legal background may assist in understanding accounting principles and/or working as an accountant, both in terms of acquiring and performing on a job.

I ask out of curiosity about the field.  I have no concrete plans.
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)

Ideologue

I should have titled the thread--"HVC--how do you account for yourself?"  Oh well.
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)

Eddie Teach

Now make a thread asking Guller how what he does differs from accounting.  :menace:
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Valmy

Quote from: Ideologue on February 14, 2013, 12:17:59 PM
I should have titled the thread--"HVC--how do you account for yourself?"  Oh well.

If it makes you feel any better I read it as 'explain your accounting' as if you were accusing him cooking the books.
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Eddie Teach

Quote from: Admiral Yi on February 14, 2013, 12:25:31 PM
Quote from: Ideologue on February 14, 2013, 12:16:40 PM
.9 repeating equals 1

Not true.

There's a difference of .0 repeating... ?


Anyway, just cast it as an integer and there you go.
To sleep, perchance to dream. But in that sleep of death, what dreams may come?

fhdz

I am neither HVC nor an accountant, but I've managed accountants.

I'd say a legal background might be helpful, especially if you go into auditing. It certainly will be useful when you start reading tax codes.

The math for accounting is not difficult - it's in fact all arithmetic, unless you're doing analysis too, which may involve either statistics or calculus, depending on what you're looking for. The thing that can make accounting difficult is dealing with multiple revenue streams across several accounts; it can get tricky.
and the horse you rode in on

Ideologue

Quote from: Admiral Yi on February 14, 2013, 12:25:31 PM
Quote from: Ideologue on February 14, 2013, 12:16:40 PM
.9 repeating equals 1

Not true.

Is true.

Proof:

x = .9 repeating
x(10) = 9.9 repeating
x(10) - x = 9.9 repeating - .9 repeating
x(10) - x = 9
9x = 9
x = 1
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)

Ideologue

Quote from: Peter Wiggin on February 14, 2013, 12:24:17 PM
Now make a thread asking Guller how what he does differs from accounting.  :menace:

What is his actual job?  Adjutant?  Adjuster?  Advertising?
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)

alfred russel

Quote from: Ideologue on February 14, 2013, 12:31:17 PM
Quote from: Peter Wiggin on February 14, 2013, 12:24:17 PM
Now make a thread asking Guller how what he does differs from accounting.  :menace:

What is his actual job?  Adjutant?  Adjuster?  Advertising?

He is an actuary, which is totally different than an accountant.
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Ideologue

Quote from: fahdiz on February 14, 2013, 12:29:13 PM
I am neither HVC nor an accountant, but I've managed accountants.

I'd say a legal background might be helpful, especially if you go into auditing. It certainly will be useful when you start reading tax codes.

The math for accounting is not difficult - it's in fact all arithmetic, unless you're doing analysis too, which may involve either statistics or calculus, depending on what you're looking for. The thing that can make accounting difficult is dealing with multiple revenue streams across several accounts; it can get tricky.

My understanding is that the math they make you learn for the degree is harder than what you'd be likely to actually use in practice.  This is similar (again, to what I've heard) about other fields.
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)


Eddie Teach

Quote from: Ideologue on February 14, 2013, 12:31:17 PM
What is his actual job?  Adjutant?  Adjuster?  Advertising?

Advertising? Perhaps like Dick Whitman, he's not who he says he is...  :hmm:
To sleep, perchance to dream. But in that sleep of death, what dreams may come?

Ideologue

#13
Quote from: alfred russel on February 14, 2013, 12:33:02 PM
Quote from: Ideologue on February 14, 2013, 12:31:17 PM
Quote from: Peter Wiggin on February 14, 2013, 12:24:17 PM
Now make a thread asking Guller how what he does differs from accounting.  :menace:

What is his actual job?  Adjutant?  Adjuster?  Advertising?

He is an actuary, which is totally different than an accountant.
I know. :P I was teasing him.

Though it is true I have no idea what an actuary actually does, but I assume it is somehow related to using statistics and mathematical modeling to arrive at business-happy conclusions, as in actuarial tables.  But could be way off.
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)

Ideologue

Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)