1/2
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."
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
1/2
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."
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."
1/2
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
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
1/2
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
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
1/2
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
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
1/2
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
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
1/2
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
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
1/2
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
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
Take Control of Your Finances.
January 14, 2026 at 2:27 AM
Take Control of Your Finances.
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
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.
Accounting Internships
Accounting Internships
Title: Building Your Career with College Internships Intro: Learn how to find the right college internship, make a lasting impression, and use the experience to launch your professional journey after graduation. Slug: building-your-career-with-college-internships Word Count: 1223 Created: Dec 20, 2025 | 11:20 PM Language: 🇺🇸 English (United States) The Career-Building Power of Internships The path from lecture halls to a fulfilling career often includes a critical stop: an internship.
acctprof.wordpress.com
January 11, 2026 at 6:03 PM
Accounting Internships
