Financial accounting 1

You seem to take delight in pointing out my error with this question. I TRY to help with this group and others that I am on. YOU are not HELPING anyone by flaming me. Do you have some kind of inferiority complex or something? You have to bash others to make yourself feel superior?

I was not trying to "impress" anyone with my "qualifications". I was trying to point out that despite what you think, I AM educated in accounting, and normally don't have a problem with answering people's questions. I suppose next time I will take the time to work things out and provide a copy and paste into my messages as backup of my work.

You still haven't explained WHY you feel you are better qualified than anyone else here to be so condescending towards me, or anyone else who tries to help and makes a mistake. SEE, I admitted it, and have before. I made an error. NOW DROP IT.

Stephanie

Reply to
Stevie
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Something that confuses me are these statements made by Serba:

11/15/2005 1:48 PM

11/17/2005 6:49 PM

Being audited is not a bad thing, by the way. I am audited yearly by an independent firm to produce audited financials for our shareholders and creditors. I look forward to it, actually, because IF I have made a mistake, it should be caught and I can correct it. Thus far, I haven't had any problems.

One thing that concerns me when someone answers an accounting question and signs off with a signature that indicates they have some expertise (i.e.

) it goes against a principle taught to me early on: Accountants should not give answers to questions unless they are relatively sure; otherwise, they should tell the client they don't know but will look into it.

Answering questions, even in a newsgroup (not for pay), should carry the same kind of care, IMO.... especially if one wants to assert that their answer is valid given their credentials. It's just professionalism. Serba admits that she didn't read the question carefully and, then, answered when her mind was elsewhere. I haggled her because this was quite unprofessional. Not because she made a mistake as much as because she chose to handle herself in the manner she did by giving the accounting student a hard time when not giving her attention to the incorrect answer she gave.

Yes, accountants can be wrong, but we should give some care if we choose to answer a question... especially if it's a student who may learn from us.

Reply to
Beverly

that you were RUDE, all was asked; was a little help from a student who obviously trying to understand a very important accounting concept. So you don't get it. and Yes you were INCORRECT. Maybe you should apply what you learn here and use it the next time you answer a question.

I am out.

Your quotes: I think this is self explanatory.

Now, think about your next homework question, apply what you learned in class, and LEARN what you are supposed to instead of having this group do your homework for you.

Reply to
PauLB

Hi Beverly, You are a true professional and I am very pleased to know that someone with your knowledge is a participant on this forum. Paul B comments are correct students learn from their peers. JCrow asked for help as any good accounting student should you responded with the correct solution. Not just for Jcrow but for all the students who may be confused in this area. What baffles me is why Serba is so angry and why it took her over a week to say she is wrong. It takes a professional to admit to an error. It is very unprofessional to defend a wrong. I am an accounting student and I CONGRATULTE Beverly for helping Way to go Beverly you know your stuff you are my hero.

Mary

Reply to
ellismary_99

Hi Beverly, You are a true professional and I am very pleased to know that someone with your knowledge is a participant in this forum. Paul B comments are correct students learn from their peers. JCrow asked for help as any good accounting student should you responded with the correct solution. Not just for Jcrow but for all the students who may be confused in this area. What baffles me is why Serba is so angry and why it took her over a week to say she is wrong. It takes a professional to admit to an error. It is very unprofessional to defend a wrong. I am an accounting student and I CONGRATULATE Beverly for helping Way to go Beverly you know your stuff you are my hero.

Mary

Reply to
ellismary_99

And I have admitted I was wrong, and I admitted I attempted to answer the question while otherwise distracted.

Beverly, why did you bother to quote the text regarding audits? The the GST audit and the tax audit were *random* audits and not becuase we sent up any red flags. I *asked* the auditors. They said we were being audited because we were either a client or a subcontractor for someone else who was. Our tax accountant has NEVER had a problem with how I have kept the books.

And the SIG is automatic when post from home. As stated previously, I work as a controller and have part-time clients I bill through my business. I think the fact that I have been doing this work for 9 years without being fined or sued means I *DO* know what I'm doing.

Stephanie

Reply to
Stevie

This the second time you have said you were "out". You obviously aren't.

AND, there are MANY times that students come here looking for easy answers to their homework questions instead of doing it themselves. I

*DO* my homework assignments myself. If I don't get it, I *DON'T* post on a newsgroup looking for the answer, I ask my prof or TA.

Stephanie

Reply to
Stevie

I am angry with YOU for assuming things and being RUDE and unkind yourself. You make assumptions about me and about my knowledge and skills without knowing me and that makes you as bad as you make me out to be for making an error.

I took a week to admit I was wrong because, as I stated in a previous message, that 1) I missed the fact that there were only 500 shares sold, and 2) the exact nature of my error was not pointed out until immediately before I ADMITTED my error.

Beverly has been helpful to ME in the past. I have learned a lot reading the postings in this and other groups. It has made me better at my job. I have NEVER told anyone they don't know what they are doing the way you have.

So please, stop beating the dead horse.

Reply to
Stevie

Did you actually read what was written or were you distracted again. Does all Profs and TA knows all the answers? and does everyone explain it perfectly so you understand it everytime from the same person, even it they have been doing it for, How many years ? ? ?. That my point. Now apologize for been rude and SHUTUP.

I am out. (Meaning, I am done.)

Reply to
PauLB

I NEVER said profs and TA's have all the answers. They are the ones students should ask FIRST. Not some usenet group. And it happens here ALL THE TIME.

I was rude ONCE. When I assumed the OP was a troll looking to get their homework done for them instead of working it out themselves. Like I ended up doing in the end. And I will apologize to Jcrow, and Jcrow alone for being rude and assuming he/she was a troll, and for unwittingly giving an incorrect answer.

How about PaulB and ellismary apologize for being rude to me? MANY more times than I was rude to Jcrow.

For all the times I have posted here and elsewhere, NEVER have I gotten so many responses when I gave good advice or helped to solve someone's problem. Given that I have been contributing to some user groups for 5 years, I must have gotten *SOMETHING* right at some point or PaulB and ellismary are taking this WAY too personal.

NOW, if anyone has anything further to add, TAKE THIS OFFLINE. This is now WAY off topic. I anticipate my hotmail inbox to be flooded.

Reply to
Stevie

I didn't post a challenge, but rather a personal opinion. :-)

I didn't suggest I have one isolated professor.

I have; however, learned to trust my professorS ( If a person is rude; then they deserve to be flamed,

Two flames don't cancel each other out. :-D

You forgot to quote the section where I suggested that. I cannot find it, can you?

Someone (professor) with the right answers has to lead a peer-learning group. I learn by doing and prefer to get the right answers when I am stuck with an issue.

Reply to
Joe Canuck
[snip]
[snip]

I understand what you are saying; however, I feel a resourceful person will use whatever avenues are available to them to learn. And just as we have seen, there were a myriad of potential answers given. The student, then, has to decide what makes sense given what he/she has learned. It sounded to me like the OP had worked the problem, but didn't understand why or how the answer was what it was... or perhaps how to get from point A to point B.

Although professors are usually a first stop in the quest for an answer, I've personally had experiences where that was a problem. In my undergraduate studies, I had a professor (advanced accounting) that was constantly making errors. Not only did I not trust that he could lead me to the correct answer (as I often lead him), but I knew better than to schedule "office time" with him (he was quite innappropriate with females). In my graduate studies, getting help from a professor means taking time off from work. Although professors with night classes are supposed to have some night office hours, I've found that they don't... they are teaching every night of the week! Emails often go unanswered and the best a student can do is complain about it.

So some students feel compelled to ask a question in a place where they know professionals are likely to be. I don't find that to be a problem. No one is forced to answer.

Reply to
Beverly

I look at it this way... anyone coming here in an attempt to have others do their homework FOR them is just cheating themselves. I got the impression that the OP tried to work the problem... even got some of the answers... but didn't know how or why he/she got there and was not confident enough to go with his/her answer. I suppose it would be helpful to all students of accounting to tell them to journal it or use T accounts whenever they feel stuck on a problem. Sometimes students don't understand that just because the question does not require journaling that it is helpful in arriving at the answer.

Reply to
Beverly

Okay, so you see random audits and "audits for cause" (for lack of a better way to phrase it) as being different things. I, personally, don't and that is why it confused me when first you said you've been audited and then you say you haven't. I now see that you are referring to what you see as two different things.

I want to point out that I see nothing wrong with being audited... whether it is random, scheduled, or because there were red flags. Being audited, to me, simply means someone else is checking my work. Sometimes red flags happen, but nothing was done incorrectly.

I do want to publically apologize to you, Stephanie. It was unprofessional of me to jump on you publically for an incorrect answer and it probably would have been better if I had taken you aside (i.e. private email) and let you know you misinformed the OP by mistake. I truly am sorry this has taken on the lenghty attack that you are experiencing.

Reply to
Beverly

Joe Canuck, a peer learning group means learning from peers and peers only, they get together and exchange ideas. When I was in school, we would find a classroom, and we peers, (non-professors) would get together and help each other out, much like a forum.

Stephanie I am pleased that you have apologized for believing that someone's child is a Troll. I leave this post here, because I too would like to take this opportunity to thank you for admitting that you were wrong. I believe that the best answer you had in all your posts.

I am done.

Reply to
PauLB

Yes, and it still happens. However, invariably those peers do run up against issues to which none of them really know what they are doing and need outside input.

Then there is always the situation where all of them think the proposed solution for an issue is correct and they run with it... only to discover sometime later that they were *all* wrong. Hopefully that discovery is not made when exam results are handed out.

The thing is, everyone has a different learning style. Good professors will take this into account with their teaching style and lesson plan preparation such that everyone is included. My own learning style is multimodal which is a combination of read/write and kinesthetic. Peer groups don't always provide me with that plus I am sometimes left wondering if we are on the right track without the input from a professor.

Reply to
Joe Canuck

Can everyone stop the bickering, what is this? name calling, mudslinging, take this offline, troll, using the site for home work assignment, go back to school. Wow !!!!!!!!!!!!!!!!! I had a multiple choice question to which I had the correct answer, I posted it on the site for clarification, and it turns out to be this. I am mystified. Can we all be professionals? I have been a manager for some years and I have never seen anything like this. I had the answer it was a loss of

700. All I needed was clarification to which I got. I was told this is a forum for professionals. Is it really? Learning does not stop at any age, There is absolutely nothing wrong with a student 1 year old or 100 years old asking for help. Beverly thank you for your explanations on all the questions I have posted so far.

As an aspiring accounting professional seeking my CGA designation code of ethics is high on my priority list I would never ask anyone to do my assignment.

Reply to
Jcrow

Welcome to Usenet. :-)

You were blessed with reasonable staff. I've been a manager and seen much worse. This is nothing, particulary on Usenet.

Good plan and good luck with your studies!

Reply to
Joe Canuck

When I work things out I will journalize things. It helps to keep me focused on each part of the transaction. I will use Excel or paper.

I agree, anyone who cheats by not doing the work IS only cheating themselves. And possibly future employers and clients because they don't really know the work.

Stephanie

Reply to
smserba

You are kidding these people insulted. You sat there suck it up never responded; so many others defended you, and this is all you have to say. What are you a martyr? Welcome to reality people do argue.

Reply to
ellismary_99

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