Joel
acctprof1.bsky.social
Joel
@acctprof1.bsky.social
Professor
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Analogy: it's a timing note on your tax calendar. Simple, right? 😄📆
February 3, 2026 at 3:00 PM
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How to explain deferred tax in one sentence (for non-accountants):
"Deferred tax is the timing difference between when transactions affect profit and when they affect taxable income — think of it as tax timing owed or recoverable in the future."
February 3, 2026 at 3:00 PM
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Practice: convert one note into a one-line insight today. 📝🔍
February 2, 2026 at 3:00 PM
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Footnotes are the story behind the numbers. Quick method to turn them into insights:
• Read the heading — what's changing vs prior year?
• Pull the cause (policy, estimate, transaction)
• Ask: does it change decision-making? Write a one-sentence implication
February 2, 2026 at 3:00 PM
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Spot the flag, document the question. Auditors: what's yours? 🚩🕵️‍♂️
January 30, 2026 at 3:00 PM
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3 audit red flags I teach students to spot on day one:
1) Repeated unusual adjusting entries just before close — ask why
2) Revenue that spikes without explanatory notes — request contracts
3) Missing audit trail for manual changes — verify approvals
January 30, 2026 at 3:00 PM
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• Sign-offs: desk owner & reviewer noted
Small habits save audit nights. Try it this close and tell me what you add. ✅📋
January 29, 2026 at 3:00 PM
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Quarterly close in sight? Try this 5-minute sanity check before sign-off:
• Reconciles: top 3 accounts match (cash, AR, AP)
• Unusual journal entries flagged and explained
• Cutoff: last-day transactions verified
• Estimates: reasonableness note added
January 29, 2026 at 3:00 PM
Take Control of Your Finances.
January 14, 2026 at 2:27 AM
I have been working with a video creation app and I created a video of a post that I made last month, so I thought I would go ahead and post that.
January 13, 2026 at 3:40 AM
April 15, 2025 at 1:38 PM