Ask me anything... about Accounting

[PrincessFluttershy]

Brand new twist. Let's see if i retained what I'm learning in my college level accounting courses.

[To Give You This Gun]

What is a defined benefit pension plan?

[PrincessFluttershy]

What is a defined benefit pension plan?

Pension plan's are more or less straight forward. The keyword I guess would be defined making the pension plan based off the employee's career. I'm fairly certain defined pension plan associates with the method of how the pension plan's earnings are calculated, versus a standard pension plan for retirement, always giving an x amount of money after the retirement age has been reached. It is more commonly used in business nowadays due to the fact it allows employees to earn greater pension for staying longer with their company, thus saving the company money in hiring and training process, while giving incentives to seasoned employees to stay with that company. The defined benefit pension plan generically has some form of simple formula which is exmplified by Years of service * Average of last 3 years salary * y% (let's say 50%) which should provide the yearly amount of money you will receive from the company for the rest of your life.

[To Give You This Gun]

Good job

[Supra]

Opens internet
Goes to google
Google's defined benefit pension plan
Copys a bunch of useless information
Posts it
Acts like they paid attention during class.
Profit???

Have fun working in fast-food after college. Since the majority ends up there

[PrincessFluttershy]

Opens internet
Goes to google
Google's defined benefit pension plan
Copys a bunch of useless information
Posts it
Acts like they paid attention during class.
Profit???

Have fun working in fast-food after college. Since the majority ends up there

You're 100% retarded. Just because you don't know the meaning of pension as you're a deadbeat who will end up spending all of his money in the short-term and have no future revenue because you'll never be hired by a company which supports pension plans, does not mean I copied any of this on google. Have fun copy and pasting every line of what I typed and trying to match it up to some website that doesn't exist on google though.

I find it funny that this was actually a serious thread as I don't mind teaching people on LG about double-book keeping journal entries, tax information, which tax forms to use as well as all-around benefits you can receive from taxes when in a particular position. Of course, some pre-pubscent kid like you who doesn't know the meaning of work wouldn't know much about taxes though as mommy and daddy will be paying for you till they die, then you'll die shortly after since no one will pay for fatty's food and board.

Oh FYI. Group placed fifth in a national accounting competition hosted by Deloitte, one of the largest accounting firms in the nation. But of course, I'd need to google something as simple as pensions. Derp derp Ho0k3d 0n ph0n3x 3h w0rk3h f4h m3

[Supra]

Yes, I love when people get so hurt over the internet. Makes my day.
You're on a gaming site talking about accounting when in all honesty noone gives a fuck.
I work for a fortune 500 company actually, I'm majoring as a mechanical engineer. And my pension plan is pretty good with them. I work 12 hour shifts all week and work on people's cars on the side, but I don't know what work is. Goodluck with college although you'll probably drop out like everyoneeelse. Let me guess, community?

[PrincessFluttershy]

Yes, I love when people get so hurt over the internet. Makes my day.
You're on a gaming site talking about accounting when in all honesty noone gives a fuck.
I work for a fortune 500 company actually, I'm majoring as a mechanical engineer. And my pension plan is pretty good with them. I work 12 hour shifts all week and work on people's cars on the side, but I don't know what work is. Goodluck with college although you'll probably drop out like everyoneeelse. Let me guess, community?

Not mad, just thought I'd entertain stupidity. Rutgers University business school though. Top 50 in the world. Fortune 500 company? Nice. Working on people's cars. Nice. Except, you have no proof. Of course I don't either, but it doesn't really matter to me whether I do or don't. Your pension is pretty nice? Lol. Let me just point out everything wrong with that statement.

Scenario A) You actually have a well built pension secure for retirement. This would make you in your mid 30's or older (assuming you started working without college which is rare for fortune 500 company hiring schedules), because as any "worker" knows, pension is built upon a compounding basis from your amount of years worked with your so-called "fortune 500" company. Also, I don't considering being a bottom level engineer, IE, one of those people in the dusty old garages pretending to fix cars but not actually fixing the problem, a job with a good pension. Regardless, assuming this were true and you had a good pension, you'd be old as fuck. Get the fuck off LG.

Scenario B) You're young. This one's easy, you're obviously lying as you've had no pension built up because you wouldn't have nearly enough years of work to even consider retiring.

Come back when you clean some of the dead brain cells out of your head.


P.S. For the past 20 minutes


Don't hurt yourself thinking too hard.

[Supra]

Goodrich aerospace industries, look them up. I invite you to come out to Spokane washington and watch my drift my fully built Sr20det 240sx, hell ill even send you admission tickets free of charge. As for my pension plan, if your smart enough to google Goodrich you might find the details about it. Applied to how much I'm making with said amount being put in, and considering my age, over time it will be a great retirement fund. Granted it takes many years to build that up. Plus the stocks I own with Goodrich, about (150) I bought them for roughly $55 a share. So I spent close to 10,000 which was most of my college fund, which was fine since I have a scholarship through Goodrich. My shares are right around 127.00 if your smart enough to search that on the stocks. So this company is also in the middle of a merger, and when that happens they are also buying everyone's stocks for about 10% extra, that number isn't exact keep in mind. So if we take my 150 shares, and multiply them by 127.00 you get about $19000. Now take that and add 10% and you should get a number pretty close to $21000, but keep in mind I already spent 8250, so 21000-8250, Sao I made almost 13000 playing in the stocks. Please tell me how I'm not smart. What are my taxes oh so amazing accountant.

[PrincessFluttershy]

Goodrich aerospace industries, look them up. I invite you to come out to Spokane washington and watch my drift my fully built Sr20det 240sx, hell ill even send you admission tickets free of charge. As for my pension plan, if your smart enough to google Goodrich you might find the details about it. Applied to how much I'm making with said amount being put in, and considering my age, over time it will be a great retirement fund. Granted it takes many years to build that up. Plus the stocks I own with Goodrich, about (150) I bought them for roughly $55 a share. So I spent close to 10,000 which was most of my college fund, which was fine since I have a scholarship through Goodrich. My shares are right around 127.00 if your smart enough to search that on the stocks. So this company is also in the middle of a merger, and when that happens they are also buying everyone's stocks for about 10% extra, that number isn't exact keep in mind. So if we take my 150 shares, and multiply them by 127.00 you get about $19000. Now take that and add 10% and you should get a number pretty close to $21000, but keep in mind I already spent 8250, so 21000-8250, Sao I made almost 13000 playing in the stocks. Please tell me how I'm not smart. What are my taxes oh so amazing accountant.

First off. You're =/= Your. Laughed too hard. Second of all, I'm glad to see you made a wise-investment. However, this is not "playing stocks". You made a one time investment thinking goodrich would go up, if this is the case, and turned out to be right. If you had known that the merger would cause the stocks would go up, I'll happily report you to the SEC right now for insider trading and 10+ years in jail time. I'm glad that you've made that investment, but making a bet on a company you yourself are loyal to is easy, and by no means "smart investing". You invested in who you work for, which in itself, is a sign of good faith to your company which I respect (assuming this is true of course). Don't misconstrue this as the same thing as "playing stocks" and making money off a market that the smartest economists often can not predict.

Now if you really want me to belittle your accomplishments through an accountant's point of view, sure. Here I go!

To begin with, the 13000 you made is subject to Capital gains tax. Capital gains tax is an instant 15% reduction for short term investments, which, let's assume this is. This already drops the money down 2,950$. Now let's measure the yearly average of stock increases, which is 10%. That means that if you have a balanced portfolio, even a monkey can make 10% returns yearly on the stock market. That takes another 10% away your so called achievement reducing the Real gross profit gain of yours by 25% already dropping down your earnings over average to 9750.

Another way to look at it is the fact that if you already sold your stocks, your a blithering idiot. The reason being is that due to the merger, your company is buying back stocks at a premium. This is for two reasons, this is because anyone with shares from either company will now own shares of one company. However this companies effective Net capital will still be the same as if the two companies were seperate, more even due to an increase in Purchasing power. This means that the amount of common stock shares will decrease from the market, and inversely, owners of common stock holders will recognize an eventual increase in the stock price if they wait out a year or two, as demand for the shares will stay the same while supply decreases. Any fool who knows S & D curves (first concept) would realize that means the prices will gradually raise. So yes, congratulations on your net gain of 9000$, and your future net loss of 10's of thousands of dollars due to future stock splits as well as increases in stock price. I hope that 9,000$ gets you a very nice piping hot piece of shit that isn't even enough to pay a full years college tuition.

[Stormie]

derp, whats the difference between assests and liabilities?

[Supra]

I sold them already? How did you find that out before me? I still own them all and I've also kept my eye on another company for quite sometime that ill be taking this money and investing it in. Please don't tell me how to operate the stock market. Hopefully if it works out as planned I.should almost triple my money. Buy who knows, its an investment. If it works out though then ill start moving up and expanding. There is a lot of good companies I've kept my eye on to invest in. Your tax calculation sounds about right so thanks. But that's pretty easy math lol. It wasn't more of me showing off my "achievements" but more of me showing that your assumptions based on people is completely retarded. And you get pissed off really easy lol. Accountants are a dime a dozen. It's a good job but you'll end up hating it. If you don't decide to change your major, or dropout. Hopefully you won't end up taking anti depression pills, and talking to your shrink wishing you would've been something else.

[PrincessFluttershy]

derp, whats the difference between assests and liabilities?

Assets and liabilities are used for the core concepts of accounting for the double-book keeping method in order for accountants to keep track of mostly everything to do with financial records. The equation is Assets = Liabilities + Stock holder's equity.

Assets would generally be something that has some form of value to your company simply put. This includes but not is not limited to Inventory, prepaid expenses, intangible assets and more. Liabilities on the other hand are debts that your companies owe, simply put. In example if you were looking at the balance sheet of a bank, some liabilities might be past due rent, wages as well as customer's deposits (To a bank, any money that belongs in a person's checking account is a liability, since at any given moment they may need to give the customer that money back).

If you meant assets or liabilities in a more specific way I'll be glad to explain it in another light as well.

I sold them already? How did you find that out before me? I still own them all and I've also kept my eye on another company for quite sometime that ill be taking this money and investing it in. Please don't tell me how to operate the stock market. Hopefully if it works out as planned I.should almost triple my money. Buy who knows, its an investment. If it works out though then ill start moving up and expanding. There is a lot of good companies I've kept my eye on to invest in. Your tax calculation sounds about right so thanks. But that's pretty easy math lol. It wasn't more of me showing off my "achievements" but more of me showing that your assumptions based on people is completely retarded. And you get pissed off really easy lol. Accountants are a dime a dozen. It's a good job but you'll end up hating it. If you don't decide to change your major, or dropout. Hopefully you won't end up taking anti depression pills, and talking to your shrink wishing you would've been something else.

I lol'd. I said IF you sold the shares you could be viewed as a blithering idiot. I bolded the part that still makes you sound like a blithering idiot. There's no way for someone to "calculate" a way to "triple" your money on the stock market. All that mumbo jumbo i told you about stock splits and supply and demand are logically sound, however, they are not actually true. If the stock market could be predicted that easily, everyone would play it and turn a profit. The problem with markets is the volatility. The best strategy anyone has ever had with stock markets is a "buy and hold" strategy, which does not ever turn you a 300% profit. The high-risk high-return strategies are what gambling morons do, and at the end of the day you will end up back where you were or sink into poverty when your market and world comes crashing down. To truly believe you can triple your money without giving a reasonable estimate of time. Laughed as you reaffirmed to everyone around, you ARE an idiot.

[Supra]

U

Assets and liabilities are used for the core concepts of accounting for the double-book keeping method in order for accountants to keep track of mostly everything to do with financial records. The equation is Assets = Liabilities + Stock holder's equity.

Assets would generally be something that has some form of value to your company simply put. This includes but not is not limited to Inventory, prepaid expenses, intangible assets and more. Liabilities on the other hand are debts that your companies owe, simply put. In example if you were looking at the balance sheet of a bank, some liabilities might be past due rent, wages as well as customer's deposits (To a bank, any money that belongs in a person's checking account is a liability, since at any given moment they may need to give the customer that money back).

If you meant assets or liabilities in a more specific way I'll be glad to explain it in another light as well.



I lol'd. I said IF you sold the shares you could be viewed as a blithering idiot. I bolded the part that still makes you sound like a blithering idiot. There's no way for someone to "calculate" a way to "triple" your money on the stock market. All that mumbo jumbo i told you about stock splits and supply and demand are logically sound, however, they are not actually true. If the stock market could be predicted that easily, everyone would play it and turn a profit. The problem with markets is the volatility. The best strategy anyone has ever had with stock markets is a "buy and hold" strategy, which does not ever turn you a 300% profit. The high-risk high-return strategies are what gambling morons do, and at the end of the day you will end up back where you were or sink into poverty when your market and world comes crashing down. To truly believe you can triple your money without giving a reasonable estimate of time. Laughed as you reaffirmed to everyone around, you ARE an idiot.

Sure.
Although, I.never once stated how long it would take to reach that amount now have I? Lol. It's very possible. But like any investment its not guranteed. I've spent a very good amount of my time watching this company grow, and the customers they have gained. I feel pretty confident about my decision. You jump to conclusions way to fast lol. You have no idea how long I will hold onto my shares. Lol, and I'm not going to share nor explain my strategy to you. If it works it works, if it doesn't well then I lose money. But at the end of the day. It's just money lol. As long as I'm happy it doesn't really matter.

[PrincessFluttershy]

U

Sure.
Although, I.never once stated how long it would take to reach that amount now have I? Lol. It's very possible. But like any investment its not guranteed. I've spent a very good amount of my time watching this company grow, and the customers they have gained. I feel pretty confident about my decision. You jump to conclusions way to fast lol. You have no idea how long I will hold onto my shares. Lol, and I'm not going to share nor explain my strategy to you. If it works it works, if it doesn't well then I lose money. But at the end of the day. It's just money lol. As long as I'm happy it doesn't really matter.

No one ever once said "I'll triple my money over the next 30 years" when talking about such a miniscule amount. You're correct, money is just money. You're the one who put up a front trying to prove something about that money anyway, and all I did was exactly what I said i would do. I have made it so that you accepted your accomplishment is nothing to gloat about.

[Supra]

Lol, you're funny. I didn't use that "achievement" I.used that to show you that your assumptions are completely wrong. I've never seen it as an achievement. anyone can make money. You acting like your god because your another deadbeat accountant is fucking awesome. All you do crunch numbers and calculate taxes. Don't get ahead of yourself. But like I said you'll end up hating your job. Just give it time. Maybe h and r block will hire you some day (;

[Omlett]

If im 16 and have had my job for a year, when do I have to start paying taxes? (actual question)

[PrincessFluttershy]

Lol, you're funny. I didn't use that "achievement" I.used that to show you that your assumptions are completely wrong. I've never seen it as an achievement. anyone can make money. You acting like your god because your another deadbeat accountant is fucking awesome. All you do crunch numbers and calculate taxes. Don't get ahead of yourself. But like I said you'll end up hating your job. Just give it time. Maybe h and r block will hire you some day (;

You're no better than a monkey with a wrench, banging on the hood of a car and then telling customers you can't fix it. Internship @ Deloitte is plenty for me. Though, for what H & R block is, which is a very efficient and cheap tax service to customers with lower amounts of income, nobody in their right economic mind would bash it. It's like saying "Walmart is a piece of shit' because it is a low-cost provider. News flash, walmart has a market segment of over 60 billion in capital. H&R block picked up a low-cost provider niche market and successfully picked itself as one of the market leaders in this segment. Of course, ignorant morons wouldn't know that because you have nothing but grease in your brain. Going to stop responding now as I realize you must have a negative IQ.

If im 16 and have had my job for a year, when do I have to start paying taxes? (actual question)

To my knowledge you are not exempt from any tax payments no matter what age. This one I'm a little shaky about but to my recollection, if you're being paid via check taxes are already deducted. Tax payments are not based on age to my knowledge, but rather level of income. However, there is technically no level of income where the bracket of taxes is 0%. The lowest tax paid is a 10% bracket. with that being said, you are already supposed to be paying taxes, and if you receive checks from your employers, the tax is already deducted from your check (or should be). If however, you are making under the table money, frankly it is not reported and with low doses of income you SHOULD (though completely illegal) be fine not reporting any taxes at all. I do believe there are several tax refunds you will be eligible for though however, which should more or less get you any money you pay, back in the form of tax refunds. While I have a decent knowledge of tax, I don't specifically know every tax refund that you can get, but I'm sure there's atleast one, and to my knowledge, most workers not yet 18 years are older can more or less get back all the money they've paid in taxes.

[Supra]

You're no better than a monkey with a wrench, banging on the hood of a car and then telling customers you can't fix it. Internship @ Deloitte is plenty for me. Though, for what H & R block is, which is a very efficient and cheap tax service to customers with lower amounts of income, nobody in their right economic mind would bash it. It's like saying "Walmart is a piece of shit' because it is a low-cost provider. News flash, walmart has a market segment of over 60 billion in capital. H&R block picked up a low-cost provider niche market and successfully picked itself as one of the market leaders in this segment. Of course, ignorant morons wouldn't know that because you have nothing but grease in your brain. Going to stop responding now as I realize you must have a negative IQ.




To my knowledge you are not exempt from any tax payments no matter what age. This one I'm a little shaky about but to my recollection, if you're being paid via check taxes are already deducted. Tax payments are not based on age to my knowledge, but rather level of income. However, there is technically no level of income where the bracket of taxes is 0%. The lowest tax paid is a 10% bracket. with that being said, you are already supposed to be paying taxes, and if you receive checks from your employers, the tax is already deducted from your check (or should be). If however, you are making under the table moankly it is not reported and with low doses of income you SHOULD (though completely illegal) be fine not reporting any taxes at all. I do believe there are several tax refunds you will be eligible for though however, which should more or less get you any money you pay, back in the form of tax refunds. While I have a decent knowledge of tax, I don't specifically know every tax refund that you can get, but I'm sure there's atleast one, and to my knowledge, most workers not yet 18 years are older can more or less get back all the money t've paid in taxes.

Lmfao, go and do some research on Wal-Mart other than its own beneficial gain. Find out what Wal-Mart has done to.homeowners,
Farmers, and ma and pop businesses.

[PrincessFluttershy]

Lmfao, go and do some research on Wal-Mart other than its own beneficial gain. Find out what Wal-Mart has done to.homeowners,
Farmers, and ma and pop businesses.

Considering my mom owns a ma and pa business and the business brings in 2500-4000 gross profits a day, I'd say I don't give a shit. Economics is cold-hearted. Ma and pa businesses going out of business just means they're better suited trk at some other job. If they work hard enough, they can make a business succeed still. Some things like groceries obviously can't compete with a super store, but at the same time, people who are buying from walmart save money. Those ma and pa businesses are no longer charging 2 dollars extra over walmart, and so those consumers, over time can now save more money than if they bought from other businesses.

Once again, your failure to understand supply and demand is impressive. Sorry, let me shed a tear for every business that's ever failed.

P.S. What walmart has done to farmers? I fucking spit out my drink laughing. Are you stupid? Walmart doesn't effect farmers, companies which own massive farmlands do. In fact:

http://www.hpj.com/archives/2010/oct...iPulseMRsr.cfm

"If that's the case, the supply chain might have been shaking Oct. 14 when Walmart announced the company's new global sustainable agriculture goals. Company officials say their plan will help small and medium-sized farmers expand their businesses, get more income for their products, and reduce the environmental impact of farming," quoted from source.

My god, farmers must really hate walmart!... (LolMoron)

P.P.S. No I did not spend hours digging through google to find the article. "Does walmart affect farmers" is the phrase I googled, #1 hit. Have fun.

[Supra]

Go and do your research and you'll see for yourself what Wal-Mart actually is you big ignorant fucking moron. If you keep digging you'll go.d out that Wal-Mart buys out farmers and makes them sell their produce at lower prices, if people say no to Wal-Mart they will literally buy everything else around them and take them out of business. So you're also saying that those business closing down because of Wal-Mart is good for the economy? Find out how many businesses Wal-Mart has put out of business and you'll see how many jobs that's taken away. Bringing up the unemployment rate. And don't say they can all grk at Wal-Mart because then you're just retarded as fuck.

[PrincessFluttershy]

Go and do your research and you'll see for yourself what Wal-Mart actually is you big ignorant fucking moron. If you keep digging you'll go.d out that Wal-Mart buys out farmers and makes them sell their produce at lower prices, if people say no to Wal-Mart they will literally buy everything else around them and take them out of business. So you're also saying that those business closing down because of Wal-Mart is good for the economy? Find out how many businesses Wal-Mart has put out of business and you'll see how many jobs that's taken away. Bringing up the unemployment rate. And don't say they can all grk at Wal-Mart because then you're just retarded as fuck.

That is the power of the buyer. Yes. I'm going to break down all your arguments for the sake of doing so, even though you don't have the mental capacity to see. First of all, there is an accurate and proven economic theory which is proven true time after time. That is, for the long-run a free market economy is best. The theory of the invisible hand ensures that markets as well as the entire world is operating at maximum capacity and producing as efficiently as possible. Now as I said, economics is a heartless science, which is exactly why we don't have a 100% free market. This would be too cold, and all small business would eventually die out with the exception of specialty niche stores. Now to break down your moot and retarded arguments:

they will literally buy everything else around them and take them out of business

Uh. No fucking shit sherlock. When you see two of the same t-shirts in the store, see one costs 25$ and one costs 20$, do you buy the t-shirt thats exactly the fucking same for 25$? No, you don't unless you're a god damn retard (I know YOU are but i mean the average person). The shop going out of business is just because the shop is reliant on walmart's buys. No one FORCES you to rely on walmart, you do it of your own free will because they are willing to buy out all your inventory at a discount. If you don't want to sell it to them, other people do.

So you're also saying that those business closing down because of Wal-Mart is good for the economy?

Yes. Yes I am. This is because these businesses can not buy things as efficiently as walmart because walmart, buying in bulk, has more leverage with prices. Because they have more leverage with prices, they can buy from the supplier cheaper, and because they buy from the supplier cheaper, they pass those savings to the CONSUMER. Yes, people lose money from selling to walmart, but inversely they save money from buying from walmart.

Find out how many businesses Wal-Mart has put out of business and you'll see how many jobs that's taken away. Bringing up the unemployment rate. And don't say they can all grk at Wal-Mart because then you're just retarded as fuck.

The large unemployment rate was due to the market crashing. It has very little to do with walmart. However many jobs walmart takes away, it also employs a large amount of people too. Does it employ as many people as jobs it takes? Probably not, but in the long-run that simply means that people working these jobs are better suited trk in another area of business, and not the current one. This is all beneficial to the efficiency of american markets.

Walmart has drastically changed how the workforce of america is situated. This is correct. But we don't live in some stupid fucking utopian paradise. Change is always going to happen whether you like it or not. Deal with it. The only reason I can imagine you'd be so butthurt was if you lied about everything you said and are a grouchy walmart employee.

[Supra]

You're literally to ignorant to argue with. I'm done. Have fun accountant.

[PrincessFluttershy]

You're literally to ignorant to argue with. I'm done. Have fun accountant.

I've disproved every single thing you said. You've just tried to insult me over and over telling me to do research, when you're the one too ignorant to do any research and too stupid to have any half decent points. My win. No surprise, this was a slaughter to begin with.

[Supra]

Are you fucking dumb? You didn't disprove shit. Your a number crunching stuck up asshole accountant. No different than the rest. Go on hating life. You win? Congratulations? You just had an argument with a completely random stranger over the internet. You should genuinely feel good about that.

[PrincessFluttershy]

Are you fucking dumb? You didn't disprove shit. Your a number crunching stuck up asshole accountant. No different than the rest. Go on hating life. You win? Congratulations? You just had an argument with a completely random stranger over the internet. You should genuinely feel good about that.

Don't know the half of it. P.S. Not all accountants think that way. That is the mentality of an economist. Once again proven to be retarded.
P.P.S. Not every accountant crunches numbers, there are a plethora of accounting fields which are more about concepts over crunching actual numbers. In fact, most senior positions are more about concepts. Number crunching is grunt work. Nice try though, once again shows that you know nothing. Lastly, I'm not stuck up. I'm confident in my knowledge in my field of expertise, as you should be in your field of expertise. However, your field of expertise is nothing business related. So run along little grunt worker, go back to following orders and let the big boys think the plans up.

[Whomp]

Am I allowed trk as a freelancer, get paid entirely in cash, and not pay taxes if I don't document it? I will be paying taxes on all documented profits though.

[PrincessFluttershy]

Am I allowed trk as a freelancer, get paid entirely in cash, and not pay taxes if I don't document it? I will be paying taxes on all documented profits though.

Allowed, no.

It probably won't stop you though. Taxes must be paid on all revenues, and the charges for avoiding taxes from cash sales are strictly prohibited and completely illegal. You must pay taxes for ALL revenue earned, cash or credit, documented or not. Now if you choose to hide your real earnings from the IRS, no one's going to stop you. For small amounts on the side, most likely they honestly don't care. But it is 100% illegal and if caught (which is more likely if you're laundering larger amounts of money) there is SIGNIFICANT jail time.

[Sinza_]

Guys, please, just shut up D:

[PrincessFluttershy]

Guys, please, just shut up D:

Who the fuck are you? Ask an accounting question or get the fuck off my thread.

[Sinza_]

Well fuck you too, *****.

[323]

Well fuck you too, *****.

Sinza_, there's this magical thing called debating. I know you're new to active forums, but its something people do online. In this thread, you can see Fluttershy and Supra debating. DEBATING. You could call it arguing if you want to, but still - they have the right to. You don't need to come in here and interject, that wasn't needed and wasn't wanted. And please refer from using words like "*****" too regularly - they're extremely racist an are not needed.

EDIT: inb4 I'm modfagging

;D

[Sinza_]

Sinza_, there's this magical thing called debating. I know you're new to active forums, but its something people do online. In this thread, you can see Fluttershy and Supra debating. DEBATING. You could call it arguing if you want to, but still - they have the right to. You don't need to come in here and interject, that wasn't needed and wasn't wanted. And please refer from using words like "*****" too regularly - they're extremely racist an are not needed.

EDIT: inb4 I'm modfagging

;D

When it boils down to calling each other names, and basically saying they're wrong because they're wrong, it's not longer a debate.

[Sinza_]

Besides, while I have nothing against free enterprise and the growth of business, I don't agree with breaking the law with unethical treatment of workers and unfair pay (*cough* Walmart *cough*). Nor can I agree with tactics that only benefit their bottom line, but ruin communities in the process. Furthermore, by using illegal methods of coercion, Walmart continues to drive down manufacturers profit margins, and in many cases, putting the supplier out of business.

[PrincessFluttershy]

Sinza_, there's this magical thing called debating. I know you're new to active forums, but its something people do online. In this thread, you can see Fluttershy and Supra debating. DEBATING. You could call it arguing if you want to, but still - they have the right to. You don't need to come in here and interject, that wasn't needed and wasn't wanted. And please refer from using words like "*****" too regularly - they're extremely racist an are not needed.

EDIT: inb4 I'm modfagging

;D

No it's not debating actually. It's not even arguing. It's just Supra showing his complete oblivious stupidity in terms of economics. All he can reliate with is "do some research on what walmart really is". He used that line as responses to about 3 completely seperate arguments. Reason being? He's too stupid to answer his own question. I'm not saying walmart is a fucking angel, I'm saying it's doing what any shrewd business would have to do to rise to the top in a low-cost provider industry. I gave plenty of examples of the practicality of walmart's methods (predominantly t-shirt example), but Supra just likes to get slaughtered when he knows jack shit about anything. He should stick to his little peon grunt work of fixing up piece of shit cars filled pigeon crap stains and looking like horse shit for the rat's ass 1$ per year pension he'll probably get in the future.

Besides, while I have nothing against free enterprise and the growth of business, I don't agree with breaking the law with unethical treatment of workers and unfair pay (*cough* Walmart *cough*). Nor can I agree with tactics that only benefit their bottom line, but ruin communities in the process. Furthermore, by using illegal methods of coercion, Walmart continues to drive down manufacturers profit margins, and in many cases, putting the supplier out of business.

Yes. This is a correct statement, however, obviously anything illegal shouldn't be agreed upon. Illegality in the business world is deemed that way due to the very fact that it's bad for communities, economies, and anyone but stakeholders of a company. However, many of the "illegal" methods you speak of are either simple rumors, or blown out of proportion. It's just like how you hear on the news media everyday that some kid went and jumped off the washington bridge, what is the world coming to. But the real news flash is there are tens of billions of people in the world who AREN'T jumping off bridges. Walmart is the same way. There may be some instances where they have cheated the system, caught hiring illegal workers, etc etc (who doesn't?). But at the same time, their amount of legal methods of business is probably at the MINIMUM 99% of Walmart's actions. That 1% of illegal activity is just blown out of proportion by idiots and the press. You name me one business that's a multi-hundred billion dollar coorporation that HASN'T done anything shady and I'll prove you wrong with one click of google.

[Sinza_]

While I agree with what you say about the press, I still believe that Walmart, in particular, has ergrarious business practices, such as a special division in their HQ devoted to breaking up unions, and training managers how to delete overtime from the computers.

[PrincessFluttershy]

While I agree with what you say about the press, I still believe that Walmart, in particular, has ergrarious business practices, such as a special division in their HQ devoted to breaking up unions, and training managers how to delete overtime from the computers.

In another light, unions can be seen as a threat to any industry. Take for example GM, which had overly priced jobs and lax work conditions with amazing pension, but because of that had very little R&D devoted to their vehichles. Unions nearly destroyed GM as a company, because the unions gained too much sway in their company and wages, hours, and work policies were lax'd to the point where the company could not be competitive. To be a market leader in low-cost supplier section, unions are particularly dangerous to the profitability and success of the company in particular.

To the latter, deleting overtime from computers is illegal. So yes, I entirely agree that's bad. Once again, most likely that was just one case where it was blown out of proportion though. Corrupt mid level managers trained low level managers to do this, it wasn't instruction from the head of the company itself.

[Supra]

Go fuck yourself accountant. I might not know as much about economics as you, but I know damn well enough. And its funny that you keep mentioning ill be a dirtball grease monkey. Seemming as how I work for an aerospace company and I'm majoring in mechanical/aerosace engineering. That has nothing to do with that, ill be making new ideas for making pure carbon, if you can even fathom how to turn acrylic nitrate into 100% pure carbon with the use of natural gases. You're an accountant you study something completly different than I do. It's funny how you call it a slaughter. My point is you're an idiot ass hole, and I would just have this thread locked lol. It's all flaming. And ill even take the infraction I probably deserve. But you're a douchebag.. If you guys really need accounting questions google them. Or call your local accountant. It's better than talking to this asshole account. Have fun with your slaughter. I'm out.

[PrincessFluttershy]

Go fuck yourself accountant. I might not know as much about economics as you, but I know damn well enough. And its funny that you keep mentioning ill be a dirtball grease monkey. Seemming as how I work for an aerospace company and I'm majoring in mechanical/aerosace engineering. That has nothing to do with that, ill be making new ideas for making pure carbon, if you can even fathom how to turn acrylic nitrate into 100% pure carbon with the use of natural gases. You're an accountant you study something completly different than I do. It's funny how you call it a slaughter. My point is you're an idiot ass hole, and I would just have this thread locked lol. It's all flaming. And ill even take the infraction I probably deserve. But you're a douchebag.. If you guys really need accounting questions google them. Or call your local accountant. It's better than talking to this asshole account. Have fun with your slaughter. I'm out.

Why did you even come back? Yes, I can fathom turning acrylic nitrate into pure carbon. Do I understand it? Fuck no. But funny you didn't mention anything about aerospace before. Could it be that you're trying to make up more stories so that people think that you aren't fucking stupid? Tough luck it's not going to happen. As a reminder:

You're the one who challenged MY knowledge of accounting. This was a normal and serious thread until your very first post which showed you the conceptual IQ of a neanderthal and the economic IQ of fox new's reporters (FYI, that is below 0, in case your natural neanderthal IQ didn't understand the reference). It's a slaughter precisely BECAUSE you don't understand economics or accounting, so it's just a one-sided argument about you telling me to look up things because the man is evil, and I'm telling you that the man, is doing what any other man or woman would do. I'm not really that much of an asshole, your stupidity just annoys everyone on this forum. Quit trying to get my thread locked because you're sucking on your thumb crying and wishing you'd never gotten into an argument. You know nothing about accounting or economics, so shut the fuck up. I know nothing about your department, but I never actually claimed to either.



Cry more about people being assholes. Maybe your little hippy family will give you some LSD and it'll make you feel better. Worst case scenario, you commit suicide and life goes on with no one really caring.

P.S. Some people aren't smart enough to google answers on their own, namely you.

Go do some research to see what Walmart really is

Why don't you? I already did.

[Supra]

Why did you even come back? Yes, I can fathom turning acrylic nitrate into pure carbon. Do I understand it? Fuck no. But funny you didn't mention anything about aerospace before. Could it be that you're trying to make up more stories so that people think that you aren't fucking stupid? Tough luck it's not going to happen. As a reminder:

You're the one who challenged MY knowledge of accounting. This was a normal and serious thread until your very first post which showed you the conceptual IQ of a neanderthal and the economic IQ of fox new's reporters (FYI, that is below 0, in case your natural neanderthal IQ didn't understand the reference). It's a slaughter precisely BECAUSE you don't understand economics or accounting, so it's just a one-sided argument about you telling me to look up things because the man is evil, and I'm telling you that the man, is doing what any other man or woman would do. I'm not really that much of an asshole, your stupidity just annoys everyone on this forum. Quit trying to get my thread locked because you're sucking on your thumb crying and wishing you'd never gotten into an argument. You know nothing about accounting or economics, so shut the fuck up. I know nothing about your department, but I never actually claime


Cry more about people being assholes. Maybe your little hippy family will give you some LSD and it'll make you feel better. Worst case scenario, you commit suicide and life goes on with no one really caring.

P.S. Some people aren't smart enough to google answers on their own, namely you.



Why don't you? I already did.

I Didn't mention anything about aerospace before? I work for one of the top aerospace industries in the world. I'm pretty sure I mentioned it.