a college student who's probably a complete nerd and never goes out on weekends. Because of the tough classes they have to take, they're forced to have very little social life if they want to graduate with good grades. However, along with some finance majors, they are the only people in your school's business department that are smart and not complete cocksuckers.
I was in the School of Business building today, and I met these three students. Two of them were a business major and a marketing major, both of which would suck my dick in a second if it helped them get ahead. But the third guy was an accounting major, who was kinda nerdy but he was really awesome.
by TheAmazingNEZ January 6, 2011
Get the Accounting Major mug.A term used to describe an item someone wants or has but doesn't in any way need. Term taken from a GTA IV radio talk show conversation.
"Those golf clubs are his annual accounting truck"
"He got the iPod, but he never uses it"/" it must just have been an accounting truck"
"He got the iPod, but he never uses it"/" it must just have been an accounting truck"
by 2banza August 2, 2012
Get the Accounting Truck mug.Similar to "tech debt", accounting debt is incurred when accounting departments take shortcuts either at the start of a companies life or during a busy period. These shortcuts then have to be "paid off" (i.e. corrected) by that same department or a third party at a later date. This phrase was coined by accountant Matthew R Williams, ACA in New York City on 23-Jun-22.
We could simply transfer the money now and sort out the loan agreements at a later date. We have to be conscious though that this would be adding to the departments existing accounting debt.
by Rob717 June 23, 2022
Get the Accounting Debt mug.Accounting firms help clients with a wide array of services, such as accounts payable / receivable, bookkeeping and payroll processing.
An Accounting firm offers the following services to SME;
Tax
Accounting
Assurance services
Bookkeeping
Payroll
Tax
Accounting
Assurance services
Bookkeeping
Payroll
by AccountansFinder October 18, 2022
Get the accounting firm mug.One of the most excessively used suffix to a name. Usually coming from some cliche soap opera or sitcom. Well these people usually just random characters that were thrown in, and don't really matter.
Examples:
Hey, it's Steve from accounting!
Dude, I heard Bill from accounting is throwing a party! Wooo!
Hey, it's Steve from accounting!
Dude, I heard Bill from accounting is throwing a party! Wooo!
by LOL WUTTTTTT June 25, 2008
Get the from accounting mug.The activity that is taking place on the floor directly over your office or cubicle. It sounds suspiciously like orangutans wrestling aligators in a dumpster.
It is still less annoying than some putz failing to turn off the all-page while they shuffle papers and manipulate their stapler.
It is still less annoying than some putz failing to turn off the all-page while they shuffle papers and manipulate their stapler.
Office Drone #1: "What the hell is that? Sounds like a train derailing."
Office Drone #2: "Must be the new full-contact accounting system."
Office Drone #2: "Must be the new full-contact accounting system."
by Fieldgrunt January 27, 2007
Get the full-contact accounting mug.A profession like many others, such as law, medicine, and computer engineering, which requires an exponentially larger amount of input in terms of time and effort the lower in position the professional is. For instance, public accounting staff members often find themselves working what seems like more hours than actually exist in a week and wondering how there are people in the firm who actually maintain a family life. Stress also increases exponentially in the same direction in public accounting, as staff not only feel the normal pressure exerted by managers but also the effects of the pressure managers feel from partners. Stress at the higher levels such as manager is not only alleviated by the lesser amount of higher-ups exerting pressure, but also by the ability at these levels to make more of the decisions that ultimately affect the intensity of the work performed. Additionally, the increase in salary is also exponential, but in an inverse relationship to the levels of stress and input involved in public accounting, thus perpetuating the vicious cycle of stress.
Managers and partners, as opposed to staff, perform "high-level" reviews of staff work that consist of asking questions that can be answered by actually reviewing the work. These reviews also usually involve ignoring any improvement or highly effective solutions staff members may have implemented in the work, in order to focus on figuring out what can be blamed on them. This is especially relevant at the review level prior to the manager's review, wherein the reviewer employs the widespread technique of "CYA accounting," or "cover your ass accounting," to avoid as much blame for poor leadership and planning as possible.
Contrary to the frequent association made between accounting and taxes, public accounting, while often sharing the same seasonal upsurge in work from January to mid-April, is for the most part unrelated to tax day in the US. The "public" in public accounting most often refers to the audit of public companies, while tax accounting or risk analysis are some of the terms reserved for other services performed for public companies.
Public accounting in reference to audit means the audit of financial statements, which involves expressing an opinion as to the fair presentation of the information companies report in these financials. The process leading up to the opinion involves testing the numbers and assumptions reflected in the financials through statistical sampling, observation & inquiry, and other relevant methods of verification at twice the amount of intensity as will end up being necessary because of an important detail the engagement leader neglected to mention until the end of testing. This is what creates the enormous pressure placed upon and massive amounts of work performed by the staff, which is hardly noticed by those at higher levels who simply demand that it be done right, try half-assed-ly to verify that it was, and after statement issuance proclaim that the staff was integral part to the success of the audit in order to stake a claim on this chattel for the same client in future periods without having to train new staff.
For further information, see pwc, deloitte, Ernst & Young, and kpmg.
Managers and partners, as opposed to staff, perform "high-level" reviews of staff work that consist of asking questions that can be answered by actually reviewing the work. These reviews also usually involve ignoring any improvement or highly effective solutions staff members may have implemented in the work, in order to focus on figuring out what can be blamed on them. This is especially relevant at the review level prior to the manager's review, wherein the reviewer employs the widespread technique of "CYA accounting," or "cover your ass accounting," to avoid as much blame for poor leadership and planning as possible.
Contrary to the frequent association made between accounting and taxes, public accounting, while often sharing the same seasonal upsurge in work from January to mid-April, is for the most part unrelated to tax day in the US. The "public" in public accounting most often refers to the audit of public companies, while tax accounting or risk analysis are some of the terms reserved for other services performed for public companies.
Public accounting in reference to audit means the audit of financial statements, which involves expressing an opinion as to the fair presentation of the information companies report in these financials. The process leading up to the opinion involves testing the numbers and assumptions reflected in the financials through statistical sampling, observation & inquiry, and other relevant methods of verification at twice the amount of intensity as will end up being necessary because of an important detail the engagement leader neglected to mention until the end of testing. This is what creates the enormous pressure placed upon and massive amounts of work performed by the staff, which is hardly noticed by those at higher levels who simply demand that it be done right, try half-assed-ly to verify that it was, and after statement issuance proclaim that the staff was integral part to the success of the audit in order to stake a claim on this chattel for the same client in future periods without having to train new staff.
For further information, see pwc, deloitte, Ernst & Young, and kpmg.
Staff at public accounting firms agree that although having beds and showers at the office is a depressing idea, it would actually be great for the hours they work.
by quitting soon? June 14, 2005
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