Under IFRS, what’s the impact of deferred tax asset and liability in a scenario where you have a bargain purchase price (negative goodwill). Initially the negative goodwill will be recognized in PL as a gain and in case you have net DTA, for the balance sheet u will book DTA and for the PL the gain in PL would be reduced by the DTA amount. In case of net DTL, it will be the opposite, for the balance sheet u will book DTL and for the PL the gain in PL would be increase by the DTL amount.

PSA, you can transfer your car loan to an interest free credit card. Got 18 months interest free with BOA and a 20k credit limit. Transferred my car loan and I am no longer paying interest

How do I legally gets my hands on $100k that my future wife wishes to hand me over for investment purposes (she is outside the US). We won’t be marrying for another two years. Thank you!!

What is the best solution for home security? ADT, Xfinity. Viviant, etc.? I live in SF Bayarea.

As a single person, is it weird to buy a big 4 bedroom house instead of a 1 bedroom condo?

I just got a new credit card. It came with a Priority Pass membership. I always travel economy, I hardly ever get lounge access. I got excited, until I remembered I can’t travel and lounges are closed anyways. :(

Thoughts on potential business ideas or investment opportunities where I can live the life I deserve now and not in retirement? I’m always trying to think of potential business ideas and come up with nothing. As far as interests, it doesn’t matter what it is. As long as it makes money I’m interested.

What are some good modern/post-pandemic personal finance books you can recommend?

Recently started with a new company. What do I do with my HSA account from my previous employer? The brokerage used for the HsA is a prohibited entity at the new company, and my personal brokerage doesn’t support HSA accounts.

Thoughts on staking crypto? What’s the safest way.

What's the best 529plan? Heard Vanguard Nevada plan is popular due to low fee, or NY state one gives tax benefits upto $10k (but not sure if it matters for NJ residents working in NYC). What's the criteria for deciding 529?

Thoughts on a HYSA vs Vanguard Money Market Fund. Most HYSA are at ~1% and Vanguard MMF is at 1.3%. Should I park my money in a MMF long term, even when banks raise their interest rates?

1040 help.. if I own two homes and loan amounts add up to over 750k, and mortgage interest deduction is limited, can I choose to report only one mortgage (and ignore the other 1098)? Using turbo tax but numbers are not making sense to me.. we bought a new home near end of 2021

How hard is everyone pushing their corporate clients to authorize nonresident assignees whose only 2020 US compensation was the value of their 2019 tax preparation?
My clients are pushing back on it this year, and I can't say I blame them. If I were in their shoes, I'd rather take the risk of not filing than the expense of filing again. From my own point of view, I don't really want to spend my time on such returns, either, even if the revenue and easy return are nice.

Here’s a point of reference on meme stocks for people who thinks it’s too late to get in or who think it’s close to peaking. Tesla: 948M outstanding shares; market cap: $837B. GameStop: 69.75M; market cap: $5.36B.

Is Estate taxes usually significantly tested on REG? Just wondering since it’s going to get eliminated for exams post July 2021

Realtor fishes, let's play a game: I share some details of some listings that we have available at my office and you let me know if we should keep them in our portfolio or make room for better properties.

Is it worth it maxing out my 401k (no employer match, just profit percentage after a certain period) and Roth if I want to retire by the time I'm 40? What other tips would you be giving someone who wants to retire that early? I'm in my mid 20s and just started investing and spend less than 50% of my big law salary.

Is it mandatory to submit previous employment declaration while submitting Income tax declaration. Or we can just skip this. Since this is my 2 nd company not aware of this much. What happens at the end of financial year if we don't declare previous employment declaration. Seniors kindly help🙏

What are chances of onshore in Persistent. Canada or Europe ?

Hi fishes...
Hope u are well and doing great.

I'm serving my notice period in TCS, my LWD is 3 may 22..I'd really appreciate it if you can refer me for an opportunity.

YoE- 03 years
Skills- cloud computing, AWS,IaaS, Linux, RHEL, MySqL..

Anyone at Altman Solon London who can provide total comp figures for Consultant, Senior Consultant and Engagement Manager levels?

Base/bonus breakdown would also be great. Currently at a T2 generalist firm and thinking of switching, but would be good to get a sense of comp progression (Glassdoor data seems incomplete)

Is there any opportunity for fraud investigation or compliance sector. As I am very eager to join FIS

My boss’ boss wants to catch up on how things are going; I changed groups 6M ago for a more fast-paced environment but have only partially gotten the transaction/networking exp I wanted - any advice?

Any fishes here who are Indian citizens and applied for OCI card for foreign (US) citizen spouse recently? Can i message you to clarify a few questions?

Where do you usually buy your clothes? How much do you typically spend in a month?

Any tips, tricks for GMAT and using Magoosh effectively? I’m a month-ish out of test day, and using Magoosh... my practice test says 660 (although I did much higher on GMAT math than Magoosh math).

Anyone heard good things about CFGI? I’ve heard their comp structure is gimmicky with overtime pay. But if I could make the same base there as I do in big 4 with the chance of some overtime pay is it worth it to give it a shot?

Can someone tell me what it is like working for CISA? I am wondering if I should accept my offer with them or move on?

Did someone get fired in the new manager training in Orlando after getting drunk?

sometimes I feel like the reward of being productive is more work lol

Deloitte or dixon hughes goodman? Considering accounting advisory at one of the two. Deloitte has a better brand name but based on the talk here it seems like the pay and hours are dogshit. Thoughts anyone

Hi folks,

I finished manageral round for one of the openings at Cisco...how much does it take for them to inform wether selected or not

For anyone who has the CIPP/US certification, how long did you study for the exam?

Dear EY folks, what's the difference between EY GDS and EY India?

I have been selected for EY GDS as PM. What kind of projects I can expect?

Also, how is yearly appraisal and bonus in EY GDS?

Need help on how I transition my career from Audit to Management Consultancy. I have only completed BCom and ACCA (UK Chartered Accountant) and have worked for over 2 years at EY.

Anyone have their CFE? Just wondering what you have done or plan to do with it and what the test was like.

Thinking having a 24’ HD and a 28’ 4K monitor setup. Is 4K for excel not necessary? How about 28’ monitors?

I had an Interview with Northern Trust; then, I had a verbal offer. After how long do they usually send the letter?

How much of a percent is a senior bonus in FAAS in MCOL city?

If I move to industry, how much vacation, sick days, and parental leave as a father should I expect as a senior auditor?

Does anyone have any good books or podcasts about how to develop leadership/ managing skills?

Ladies, are gifts important to you?

Halloween is all about dressing up as something you're not, so I dressed up as a happy accountant with an engaging and fulfilling career. What are you all dressed up as?

Anyone work for Schellman in the NY metro area. Want to know what’s it’s like in terms of work load, client base and travel. Thanks!

It's refreshing to see RBC's committment to no 2020 layoffs. Anyone know if any other banks are following suit?

I want to break my lease. Do you think it will be hard to find someone to take over the lease with all that is going on?

Team is already talking about eating hours. My utilization is down cause I was in unassigned for a month in Dec/Jan. What's worse pissing off the partner or having a low utilization? -staff 1

The partner in charge of my office had a nearly hour long conversation Tuesday with our new hire, behind closed doors. I didn’t hear yelling, but the bits I heard weren’t good. Will he be fired?

Since it seems like every service line and every public accounting firm is bleeding people where are all these people going? Are there that many open jobs in industry?

Will it look bad if I skip the firm’s holiday party? Very socially anxious and not really feeling like going.

When I start getting too excited about rolling off an engagement, I remind myself that the next one will likely be much worse.

Dumb questions but genuinely curious:

1) Let’s say you’re a recent undergrad candidate with no internships on your resume. What’s the deciding factor that you’re qualified for Advisory vs Tax vs Audit? Is it school, gpa, etc.?

2) Why can’t you switch from Tax to another SL without having to pull strings? I understand that there’s a difference in tax vs book experience but why does the Accounting field gatekeep other SLs? It’s not like we’re incapable of learning other areas.

Which offer should I accept? Currently staff 2 at big 4 in Tax with CPA license. I want to leave tax ASAP. Both are public companies +1B in revenue and same salary. Offer 1 - staff revenue accountant so reading contracts, speaking with the sales team and legal team, a lot of work at the end of the months to close books and reconcile transactions to make sure we are ASC 606 compliant. This track usually leads to director of revenue. Offer 2 - internal audit staff so SOX and compliance projects.

I’m literally so miserable in industry. I have been at it a few years and it’s boring. My boss likes to act like every minor issue is a 10 when it’s a 3 and creates emergencies where there aren’t any.

Should I get the Apple Watch 6 or wait to see if they announce an Apple Watch 7 later this year?