Dont Date A CPA. :p :p While trust could be given, accountants still tend to validate things. Just in auditing, it’s essential to have a professional skepticism. (Professional skepticism is an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence.) If you are planning to lie, just make sure you have the evidence to corroborate your statement. CPAs are good in finding the truth. So if you want to date a CPA, just don’t lie. It doesn’t work. CPAs practice the full disclosure principle. The full disclosure principle states that you should include in an entity’s financial statements all information that would affect a reader’s understanding of those statements. Surely,It will eventually bug you if CPAs keep on questioning your whereabouts such as: Why did it take 7 minutes before you replied? Who’s that girl in the photo? Please give me the list of names of your company tonight. The interpretation of this principle is highly judgmental, since the amount of information that can be shared is unlimited. To avoid such conflicts or misunderstanding, you should both set a standard of materiality as to what information that must be shared to each other. If you don’t want this kind of hassle, just don’t date a CPA. Your date is under a strict budget. Everything is already calculated. If you are a just-spend-if-that-makes- you-happy kind of person, then just don’t date a CPA. CPAs always go with what’s in the budget. CPAs may spoil your excitement. The Matching Principle. The matching principle states that each expense item related to revenue earned must be recorded in the same accounting period as the revenue it helped to earn. Or simply, an expense must matched with related revenue. CPAs tend to seek compliment or appreciation of the things they have put in a relationship such as time, effort and money. An effort should be rewarded by compliment, a kiss or a warm hug. Just don’t neglect their efforts. If you can’t match their efforts, then just don’t date one. CPAs are conservative. No. This is not the opposite of being liberated. This is a principle that tends to encourage the record of losses earlier, rather than later. The conservatism principle is the general concept of recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but to only recognize revenues and assets when they are assured of being received. Simply stated, CPAs recognizes the worst case in a situation. They always foresee the worst scenario in order for them to be more prepared and to already set options if shit really happens. For CPAs, this can be really useful but for some, they will regard this trait as being pessimistic. If you see this as a negativity, then don’t date a CPA. Financial statements of one accounting period must be comparable to another in order for the users to derive meaningful conclusions about the trends in an entity’s financial performance and position over time. This is Comparability Concept. Just expect that at some point, current situations will be compared to things which already happened in the past relationships. While this could be constructively helpful, it may become annoying. If you don’t want to get benchmarked, then don’t date a CPA. Actions seem enough for you but CPAs need reassurance by translating it into words. CPAs also follow the law principle “Don’t assume unless otherwise stated”. Actions must be supported by words. CPAs must be regularly reminded that they are loved. If you’re not the type of person who expresses through words, then just don’t date a CPA. CPAs are highly competent. May it be to career or relationships. If you can’t keep up, don’t date a CPA. HAHAHAHA 3:) MAO Good afternoon people (c)Acc.Prob
Posted on: Sat, 26 Jul 2014 09:36:46 +0000
Trending Topics
Recently Viewed Topics
© 2015