Accounting Talk » Accountants » Time to die?
Hi Miki, I feel like a failure too. Or maybe loser is a better word. Except that I didn’t really lose so much as refuse to play the game. But is that really such a bad thing, considering the game? The rat race, all that…. Loser power! I say, loser pride! I say. Remember this quote? "The salvation of the world lies with the maladjusted." Martin Luther King. May I ask why you stopped writing? Katie "Miki Kocic" <viathnasanss…@sympatico.ca> a
Accounting Talk » Accounting Audit » Ebay – How to figure out component cost ?
Why concern youself? You have $100 invested in that entity. However much you get for EVERYTHING from that puter is your profit (or loss).
Not quite. Everything you get is your revenue. Everything you get minus the $100 is your profit or loss. The reason for concern is because the same problem arises in any situation when you buy a group of things with different values. If you buy 50 widgets for $10 and they’re all going to sell for the same price, then they each cost you 20
Accounting Talk » Accounting » Conversion of a DC-3 to a Recreational Vehicle
David Someone did this a number of years ago.Remember reading about his wanderigs around the mid east as I recall. Land on land or water. Lots of room inside. Slow but steady. Great for exploring the world. Someone might remember the article and post where it was? Big John – Hide quoted text — Show quoted text -I think the ultimate – if money for gas, parts, etc. was no object – would be a custom-fitted PBY Catalina – it might be old and relatively slow, but it sure would be stylish….I can imagine a great "stateroom" back there with the blister turrets. Ah, what the views from there could be! David H Boeing Field (BFI), Seattle, WA [...] But then there’s that little mention of burning 105 GPH doesn’t sound good to this 150-driver! It does use a lot of gas. Which makes it even worse when you’re away from civilization trying to find fuel. Additionally, the cockpit is apparently VERY loud, especially during takeoff. And you can’t fly it solo. But, man…what a way to travel. :) By the way, the video I mentioned before is called "The Boat in The Sky" and chronicles a ’round-the-Pacific flight the owners John and Joyce Proctor made with it. Not the highest quality production values, but then any pilot who watches a lot of aviation movies should be used to that by now. :) It’s non-fiction and very interesting to watch, especially if you like seaplanes. Pete
As I remember the accident write ups, the PBY hit a submerged log on landing and the sudden in rush of water flipped the PBY over. Bill Higdon – Hide quoted text — Show quoted text – PBY<< Did you happen to ever see the four-engine PBY that was based at ABQ for a long time? Two extra engines, big bore Lycomings, added outboard of the radials. Boats on hoists under each wing. Always looked like a great live aboard airplane. Only downside is the airplane is extremely unforgiving to errors in pitch on water takeoffs and landings…killed Jacques Cousteau’s son. All the best, Rick Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t have the plane yet, so it doesn’t have to be a DC-3. It just seems like a good choice for this conversion. Any source material, expeience, stories or even a web page about this concept would be a big help. One thing’s for sure, you’d have to have a tail wheel lift to level the aircraft when you’re using in the RV mode. Thanks for answering here. Get an old PBY Catalina. Land on land or water. I saw one once rigged up that way. It had bunks for a dozen people. The old machine gun blisters made a great "living room". The kitchen was in the "galley space" behind the cockpit. It had a pair of small fiberglass boats slung on the bomb hoists under the wings. The ultimate RV. It also have a 1200 mile cruising range! :-)
Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t have the plane yet, so it doesn’t have to be a DC-3. It just seems like a good choice for this conversion.
I have a page clipped from March ‘98 Sport Aviation describing the "Private Explorer" flying camper. Powered by a 235hp Lycoming, its cabin 11 feet long and 81.5 inches wide. Empty weight was 2145 lbs, max gross 3675. The article says it was supposed to offered as a kit, but I can’t find any references to it after this article. I think a Shorts Skyvan would make a much better RV than a DC-3. http://www.summitair.net/fleet/shorts.html Bring along your BMW Z3 
PBY<<
Did you happen to ever see the four-engine PBY that was based at ABQ for a long time? Two extra engines, big bore Lycomings, added outboard of the radials. Boats on hoists under each wing. Always looked like a great live aboard airplane. Only downside is the airplane is extremely unforgiving to errors in pitch on water takeoffs and landings…killed Jacques Cousteau’s son. All the best, Rick – Hide quoted text — Show quoted text – Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t have the plane yet, so it doesn’t have to be a DC-3. It just seems like a good choice for this conversion. Any source material, expeience, stories or even a web page about this concept would be a big help. One thing’s for sure, you’d have to have a tail wheel lift to level the aircraft when you’re using in the RV mode. Thanks for answering here. Get an old PBY Catalina. Land on land or water. I saw one once rigged up that way. It had bunks for a dozen people. The old machine gun blisters made a great "living room". The kitchen was in the "galley space" behind the cockpit. It had a pair of small fiberglass boats slung on the bomb hoists under the wings. The ultimate RV. It also have a 1200 mile cruising range! :-)
I think the ultimate – if money for gas, parts, etc. was no object – would be a custom-fitted PBY Catalina
Maybe. I think that’s subjective though. I find the Albatross a much more attractive airplane. Not that I’d turn down a free Catalina if someone gave one to me (especially if it came with a lifetime credit for free fuel), but it’s a pretty odd looking airplane, IMHO. Not ugly, per se…just weird. Which is in itself weird, I guess. After all, I actually *like* the old-style Saab 900 body, including the hatchback. By all rights, I ought to be attracted to other weird-looking vehicles. :) No accounting for taste, I guess…no one ever accused me of having good taste anyway. :) Pete
I think the ultimate – if money for gas, parts, etc. was no object – would be a custom-fitted PBY Catalina – it might be old and relatively slow, but it sure would be stylish….I can imagine a great "stateroom" back there with the blister turrets. Ah, what the views from there could be! David H Boeing Field (BFI), Seattle, WA – Hide quoted text — Show quoted text – [...] But then there’s that little mention of burning 105 GPH doesn’t sound good to this 150-driver! It does use a lot of gas. Which makes it even worse when you’re away from civilization trying to find fuel. Additionally, the cockpit is apparently VERY loud, especially during takeoff. And you can’t fly it solo. But, man…what a way to travel. :) By the way, the video I mentioned before is called "The Boat in The Sky" and chronicles a ’round-the-Pacific flight the owners John and Joyce Proctor made with it. Not the highest quality production values, but then any pilot who watches a lot of aviation movies should be used to that by now. :) It’s non-fiction and very interesting to watch, especially if you like seaplanes. Pete
I believe this was intended as a tongue in cheek comment… I don’t think you’ll find many people in aviation newsgroups who think ANYONE has too much money. The problem is that some of us (myself included) just don’t have enough! KB
– Hide quoted text — Show quoted text – Jay I Live 20 miles SW of Racine. You have NO idea what Sam Johnson done, to employ, many thousands of people around the World. On the way to Oskhosh Fly-In, Land at the Racine airport and visit the Racine EAA Chapter Building and visit Johnson Wax hanger. Larry Fitzgerald (Sam Johnson, billionaire owner of SC Johnson & Sons — aka "Johnson Wax" — owns one. This is the same guy who had a Sikorsky S-38 built from scratch so that he could "recreate his father’s flight of exploration" to South America, or some such nonsense. The man simply has too much money — but the Caravan is an AWESOME "camper"!) — Jay Honeck Iowa City, IA
It would seem there would be a market for a smaller boat plane/RV. Something that a couple or small family could use. Are there any plans or kits? Could a big Aerocomp fill the bill? I would think a boat plane would be roomier though. I would want to be able to stand up, even if it was only in a small space. Eric
– Hide quoted text — Show quoted text – Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t have the plane yet, so it doesn’t have to be a DC-3. It just seems like a good choice for this conversion. Any source material, expeience, stories or even a web page about this concept would be a big help. One thing’s for sure, you’d have to have a tail wheel lift to level the aircraft when you’re using in the RV mode. Thanks for answering here.
- Hide quoted text — Show quoted text – Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t have the plane yet, so it doesn’t have to be a DC-3. It just seems like a good choice for this conversion. Any source material, expeience, stories or even a web page about this concept would be a big help. One thing’s for sure, you’d have to have a tail wheel lift to level the aircraft when you’re using in the RV mode. Thanks for answering here. The guy who designed the airplane from which the Kitfox spun off, I believe his name is Dean, also designed a one off twin engined high wing flying camper. It had a guppy like fuselage and was specifically designed for a French filmaker who wanted to use it for nature/geographic video’s. It didn’t go anywhere fast and had a huge, high lift wing to allow it to use back country airstrips. It was a lot smaller than the DC-3 and my recollection is that it had a tube frame and fabric fuselage with blue foam covering the interior to insulate it from the cold. The wing was not a new airfoil but a copy of a thirties something bush beater. The first one had a minor landing accident and then got left for too long at the airport and got trashed and vandalized while insurance wrangling got worked out, IIRC. Then he built a second. Corky Scott
If you want to know more, here is my page on it from a few years ago: http://www.coastcomp.com/av/fltline2/avion.htm Bob McKellar
Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t have the plane yet, so it doesn’t have to be a DC-3. It just seems like a good choice for this conversion. Any source material, expeience, stories or even a web page about this concept would be a big help. One thing’s for sure, you’d have to have a tail wheel lift to level the aircraft when you’re using in the RV mode. Thanks for answering here.
Get an old PBY Catalina. Land on land or water. I saw one once rigged up that way. It had bunks for a dozen people. The old machine gun blisters made a great "living room". The kitchen was in the "galley space" behind the cockpit. It had a pair of small fiberglass boats slung on the bomb hoists under the wings. The ultimate RV. It also have a 1200 mile cruising range! :-) — Highflyer Highflight Aviation Services
[...] But then there’s that little mention of burning 105 GPH doesn’t sound good to this 150-driver!
It does use a lot of gas. Which makes it even worse when you’re away from civilization trying to find fuel. Additionally, the cockpit is apparently VERY loud, especially during takeoff. And you can’t fly it solo. But, man…what a way to travel. :) By the way, the video I mentioned before is called "The Boat in The Sky" and chronicles a ’round-the-Pacific flight the owners John and Joyce Proctor made with it. Not the highest quality production values, but then any pilot who watches a lot of aviation movies should be used to that by now. :) It’s non-fiction and very interesting to watch, especially if you like seaplanes. Pete
I particularly liked the third one listed (from Plane and Piot magazine) – the one with "queen-sized bed that magically lowers from the ceiling into the cabin" – and the custom pods hanging fom each wing holding the pair of jet skis! But then there’s that little mention of burning 105 GPH doesn’t sound good to this 150-driver! David H Boeing Field (BFI), Seattle, WA – Hide quoted text — Show quoted text – Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t know about the DC-3. But such a project would likely be very similar to converting a Grumman Albatross, which has been done more than once. Here are some examples (random links found with Google…some are more useful than others, but mostly they are just starting points for further research on your part): http://www.vickivt.com/vicki/v00194.htm http://www.mirabella-yachts.com/aviation/ http://www.planeandpilotmag.com/content/articles/land.html I’ve got a video somewhere documenting a flight around the Pacific by a similarly converted Albatross (it may in fact be one of the above three planes…I’d have to go find the video to be sure though). Pete
Tom, It’s been done a number of times over the years, although finding details is difficult as the wealthy folks who have done it haven’t flaunted things. The problem is the deck angle when on the ground, which makes it less than ideal. Keep in mind that the cost of operating a Diesel-3 will run you very near $1,000 per hour unless you are running it in the high hundreds of hours a year. They are maintenance intensive beasts as they age and the engines are unforgiving of mishandling. There have been more comfortable conversions of PBYs, Albatrosses (Albatrossi?), Convairs, DC-4s, BAC-111s, DC-9s, etc. The companies that do interiors for large aircraft do conversions that fit what you have in mind, although for some reason I recall that Winnebago did a couple of PBYs many years ago (may be recollection error, but somebody did Jacques Cousteau’s PBY before his son was killed in it). In the late ’70s the Doobie Brothers ran around in a gorgeous DC-3 that was polished aluminum and heavily chromed, and had a pretty cool interior. Check Business and Commercial Aviation for articles on specialized interiors. All the best, Rick – Hide quoted text — Show quoted text – Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t have the plane yet, so it doesn’t have to be a DC-3. It just seems like a good choice for this conversion. Any source material, expeience, stories or even a web page about this concept would be a big help. One thing’s for sure, you’d have to have a tail wheel lift to level the aircraft when you’re using in the RV mode. Thanks for answering here.
I’d prefer an HU-16 Albatross myself. That or a C-119 Flying Boxcar. Don
– Hide quoted text — Show quoted text – Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t have the plane yet, so it doesn’t have to be a DC-3. It just seems like a good choice for this conversion. Any source material, expeience, stories or even a web page about this concept would be a big help. One thing’s for sure, you’d have to have a tail wheel lift to level the aircraft when you’re using in the RV mode. Thanks for answering here.
The offshoot of that was the single engined kit called the Personal Explorer. It was set up with wicker furniture (chairs and tables) and a bed. Has been at Sun ‘N Fun but I did not see it this past year. Bruce A. Frank – Hide quoted text — Show quoted text – Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t have the plane yet, so it doesn’t have to be a DC-3. It just seems like a good choice for this conversion. Any source material, expeience, stories or even a web page about this concept would be a big help. One thing’s for sure, you’d have to have a tail wheel lift to level the aircraft when you’re using in the RV mode. Thanks for answering here. The guy who designed the airplane from which the Kitfox spun off, I believe his name is Dean, also designed a one off twin engined high wing flying camper. It had a guppy like fuselage and was specifically designed for a French filmaker who wanted to use it for nature/geographic video’s. It didn’t go anywhere fast and had a huge, high lift wing to allow it to use back country airstrips. It was a lot smaller than the DC-3 and my recollection is that it had a tube frame and fabric fuselage with blue foam covering the interior to insulate it from the cold. The wing was not a new airfoil but a copy of a thirties something bush beater. The first one had a minor landing accident and then got left for too long at the airport and got trashed and vandalized while insurance wrangling got worked out, IIRC. Then he built a second. Corky Scott
More than 1 PBY has been converted into a Flying RV. Bill Higdon – Hide quoted text — Show quoted text – Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t know about the DC-3. But such a project would likely be very similar to converting a Grumman Albatross, which has been done more than once. Here are some examples (random links found with Google…some are more useful than others, but mostly they are just starting points for further research on your part): http://www.vickivt.com/vicki/v00194.htm http://www.mirabella-yachts.com/aviation/ http://www.planeandpilotmag.com/content/articles/land.html I’ve got a video somewhere documenting a flight around the Pacific by a similarly converted Albatross (it may in fact be one of the above three planes…I’d have to go find the video to be sure though). Pete
Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t have the plane yet, so it doesn’t have to be a DC-3. It just seems like a good choice for this conversion. Any source material, expeience, stories or even a web page about this concept would be a big help. One thing’s for sure, you’d have to have a tail wheel lift to level the aircraft when you’re using in the RV mode. Thanks for answering here.
The guy who designed the airplane from which the Kitfox spun off, I believe his name is Dean, also designed a one off twin engined high wing flying camper. It had a guppy like fuselage and was specifically designed for a French filmaker who wanted to use it for nature/geographic video’s. It didn’t go anywhere fast and had a huge, high lift wing to allow it to use back country airstrips. It was a lot smaller than the DC-3 and my recollection is that it had a tube frame and fabric fuselage with blue foam covering the interior to insulate it from the cold. The wing was not a new airfoil but a copy of a thirties something bush beater. The first one had a minor landing accident and then got left for too long at the airport and got trashed and vandalized while insurance wrangling got worked out, IIRC. Then he built a second. Corky Scott
Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV?
Jimmy Buffett did this with his Albatross. George Patterson, N3162Q.
One thing’s for sure, you’d have to have a tail wheel lift to level the aircraft when you’re using in the RV mode.
You could build all the cabinetry, tables, and such on a slant so that they are level when the plane is on the ground. Alternately, you could put everything on gimbals so that they would be level in flight too. George Patterson, N3162Q.
I worked on just such a project with a PBY. It has an apu so it worked out very well. Mark – Hide quoted text — Show quoted text – Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t know about the DC-3. But such a project would likely be very similar to converting a Grumman Albatross, which has been done more than once. Here are some examples (random links found with Google…some are more useful than others, but mostly they are just starting points for further research on your part): http://www.vickivt.com/vicki/v00194.htm http://www.mirabella-yachts.com/aviation/ http://www.planeandpilotmag.com/content/articles/land.html I’ve got a video somewhere documenting a flight around the Pacific by a similarly converted Albatross (it may in fact be one of the above three planes…I’d have to go find the video to be sure though). Pete
Jay I Live 20 miles SW of Racine. You have NO idea what Sam Johnson done, to employ, many thousands of people around the World. On the way to Oskhosh Fly-In, Land at the Racine airport and visit the Racine EAA Chapter Building and visit Johnson Wax hanger. Larry Fitzgerald (Sam Johnson, billionaire owner of SC Johnson & Sons — aka "Johnson Wax" — owns one. This is the same guy who had a Sikorsky S-38 built from scratch so that he could "recreate his father’s flight of exploration" to South America, or some such nonsense. The man simply has too much money — but the Caravan is an AWESOME "camper"!) — Jay Honeck Iowa City, IA
Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV?
Try a Cessna Caravan on amphib floats. Now THAT is a "go anywhere, do anything" RV! 
(Sam Johnson, billionaire owner of SC Johnson & Sons — aka "Johnson Wax" — owns one. This is the same guy who had a Sikorsky S-38 built from scratch so that he could "recreate his father’s flight of exploration" to South America, or some such nonsense. The man simply has too much money — but the Caravan is an AWESOME "camper"!) — Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination"
Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t have the plane yet, so it doesn’t have to be a DC-3. It just seems like a good choice for this conversion. Any source material, expeience, stories or even a web page about this concept would be a big help. One thing’s for sure, you’d have to have a tail wheel lift to level the aircraft when you’re using in the RV mode. Thanks for answering here.
This DC-3 doesn’t appear to be a full "flying RV" conversion but the owner does sleep in it at Oshkosh almost every year. This is from my Oshkosh Scrapbook. Several pictures, just click "Next", http://www.airplanezone.com/Oshkosh/Scrapbook2002/page05.html Dave O — http://AirplaneZone.com
Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV?
I don’t know about the DC-3. But such a project would likely be very similar to converting a Grumman Albatross, which has been done more than once. Here are some examples (random links found with Google…some are more useful than others, but mostly they are just starting points for further research on your part): http://www.vickivt.com/vicki/v00194.htm http://www.mirabella-yachts.com/aviation/ http://www.planeandpilotmag.com/content/articles/land.html I’ve got a video somewhere documenting a flight around the Pacific by a similarly converted Albatross (it may in fact be one of the above three planes…I’d have to go find the video to be sure though). Pete
Anyone here know of anyone who’s converted an old freighter like a DC-3 into an flying RV? I don’t have the plane yet, so it doesn’t have to be a DC-3. It just seems like a good choice for this conversion. Any source material, expeience, stories or even a web page about this concept would be a big help. One thing’s for sure, you’d have to have a tail wheel lift to level the aircraft when you’re using in the RV mode. Thanks for answering here.
Accounting Talk » Accountants » As an aside
Some of my best friends are entrepreneurs. They also tend to be spiritually developed individuals with fine taste and intelligence. Then there are other business people who have nothing deep to them at all and are horrible people. One of them was married for 15 years to the woman I love.
There’s always the chance you might not be totally objective about his qualities, in that case. If he was an entrepreneur, the chances are, he was basically all right, although there are some who are just Homo fiscus aping Homo faber, and you can tell these because they like to make businesses ISO compliant and talk a lot about internal quality when what they mean is bueaucratic procedure. But they haunt larger corporations, not the Mittelstand or small business which are owner managed. Such firms can ill afford the luxury of Steueraffe auf Irrwegen playing the moron with their time and money. In the main people with their own businesses are the true elite of society. they are the ones putting their talents and their capital up to the mercy of the market. God usually lets them succeed, and through them blesses all classes of society with jobs and economic wellbeing. When they are repressed, as in Communism, then nothing that all the University professors of economics, all the grey haired scribblers of economic textbooks founded on marxist principles, can do to rescue the economy. People who produce real art complement the real entrepreneur because they fulfil his spiritual longings and articulate what he is too busy to articulate himself.
He has his art, they have theirs, but they are on the same side of the dividing wall. It’s the tax man, the policeman, the people who have nothing better to do than to check libraries for people who might be masturbating, that are on the wrong side. Save your contempt for them, even if they never screwed your woman. This arrangement – the real entrepreneur and the real artist – is a cornerstone of great civilization that lasts.
Thomas Mann’s entire writing contains the Leitmotif of the Artist versus the Businessman, the so-called "Kuenstler-Buerger Konflikt". But the dichotomy he paints is in my view misconceived, but I think I understand why. The real dichotomy is Homo fiscus vs Homo faber, the one who produces against the one who only wants to tax and control the talents and success of that other one. From the second generation of man (in which Cain was a fiscus and Abel a faber) down to the present day we have these people roughly 50-50 in either sex and in every nation and race. The business usually described in Thomas Mann is banking, and banking is one area of business which is loved and gravitated to by Homo fiscus, and which Homo faber hates to work in as nothing is produced but a flow around of money, controlling and taxing, by means of interest, what other business people can do. And governments always let the banks do what they like, because they know their brother Homo fiscusses are running the show in there. I would imagine the "Buerger" and "Kaufmann" that Mann sets up in opposition to the "Kuenstler" are images that he derived from real life bankers, rather than business people in smaller, productive companies. Obviously there can be real artistic souls in banks as there can be bureaucrats working in production companies in product design, but they will not usually be in the majority as they will find the wrong place disturbing for them, and want to go somewhere else, if they can. Most accountants, by the way, are fiscally oriented, but there are those who are far more creative….. Best, Uncle Davey
Some of my best friends are entrepreneurs. They also tend to be spiritually developed individuals with fine taste and intelligence. Then there are other business people who have nothing deep to them at all and are horrible people. One of them was married for 15 years to the woman I love. faber, and you can tell these because they like to make businesses ISO compliant and talk a lot about internal quality when what they mean is bueaucratic procedure. But they haunt larger corporations, not the
Why would an entrepreneur want to damage his own business with bureaucratic procedures? Is it not more likely that he is mistaken, misguided
Accounting Talk » Finance Accounting » One Plus One Equals Five-Can You Believe It !!!
I would like to hear about some of those – real businesses doing real business, getting real loans from real banks, and filing real tax returns. In a previous posting we sent the link that support this statement
http://www.strategeticcenter.com/general_ledger.htm We hope you see it. We found a scientific real solution which was tested on many activities and you can download the program .This program consists of two options ,one of them is a real example of a real company and you can see that accounts are balanced. In the second option you can deal with a database that allows you to insert your own data to see how the system works. http://www.strategeticcenter.com/download.asp In our opinion the general ledger does not provide a platform for the development of financial reports. If this is the case in the double entry system because accounts based on the debit and credit need to be correlated to the budget which is based on assets and liabilities, it is not the case in theory of units as it deals with assets all the time .Theory of units starts with assets till the balance sheet is extracted. Financial reports in theory of units are flexible i.e. their forms depend on the purpose of them ,instant i.e. could be extracted at any time ,fair and accurate at the same time whether they indicate the financial position, costs or stock in terms of quantities and values.
Our objective is to explain the new theory and we appreciate your desire to understand it. Strategetic center is a scientific specialized center in Egypt and it consists of five integrated departments:
I thank you for a thoughtful response. In an effort to better understand, I have read all your posts to this newsgroup again. My sense is that we are really debating science versus art. You appear to be seeking a "scientific solution" to what I would characterize as "defective artwork". Therefore, rather than beat each other up over details, why not discuss accounting in more general terms. What is accounting? Is it science or art? What should it accomplish? Why do we do it? I realize these questions are extremely general and open ended. I do believe, however, that some common understanding of general terms is essential before we can deal adequately with details. — Jim Hudspeth, CFE, CPA http://survivalworks.com
Strategetic center There is no generally accepted definition of accounting or the basic principles of that science. Some accountants define accounting as “what accountants do”. The American Institute of Certified Public Accountants defines accounting as “the art of recording, classifying and summarizing in a significant manner and in term of money, transactions and events which are, in part at least, of a financial character, and interpreting the results thereof “ Consequently, accounting becomes an art that has no standard rules but it differs from an accountant to the other according to their personal accounting talents. A lot of accountants object to that definition and think that there has to be rules of accounting. As for theory of units it considers accounting as “The method of controlling units, prices and sums in major, sub-major and minor equations till the minor unit. These equations are accumulated for the purpose of measuring results and the changes in these results to report them to the concerned parties in terms of quantities and values”. Therefore accounting in theory of units is a science that has fundamentals and at the same time it is an art that has rules .In theory of units art and science are found. . Data extracted and assets such as depreciation accounts could be experimented to get the best results. The basic rules of the theory are derived from the traditional accounting system after developing it to another concept that could be applied without contradiction. Mixing the accounting thought with the practical experiments resulted in theory of units. In Theory of units the same statement presented by different departments (costs-stores) does not differ unlike the double entry system. Theory of units accomplishes the following:
Accounting Talk » Accounting » Accounting for legal costs
Just closed on a round of venture capital financing and incurred large legal fees associated with the closing. I believe we can charge the fees against APIC, is that true? Is it a straight debit to APIC? Thanks, Revan
Just closed on a round of venture capital financing and incurred large legal fees associated with the closing. I believe we can charge the fees against APIC, is that true? Is it a straight debit to APIC?
Just curious…what is APIC?
Sorry, but these are syndication fees and are treated as an unamortized intangible asset. Sorry, but you absolutely, positively, cannot expense them against anything. (Unless you are a lying, cheating, stealing, immature dot.snot, of course)
– Hide quoted text — Show quoted text – Just closed on a round of venture capital financing and incurred large legal fees associated with the closing. I believe we can charge the fees against APIC, is that true? Is it a straight debit to APIC? Just curious…what is APIC?
Accounting Talk » Accounting » HELP NEEDED!!!! PLEASE!
Hello All, My dad has Instant Accounting 2000 by Sage, and he has a problem. When ever he does a P & L or balance, it should do a lovely report, but, instead it has little blocks of black. If I zoom right in and set the font to size 72, it looks like the letters are all ontop of each other. To get an idea write a few letters on paper and write each one over the top of the last, eventually you will have a blob of mess. If anyone has had this problem before, or knows how to sort it out, please contact me. Thankyou in advance.
I have never seen or used this program, but it seems to me it might be using the wrong printer drivers. Just a suggestion. – Hide quoted text — Show quoted text – Hello All, My dad has Instant Accounting 2000 by Sage, and he has a problem. When ever he does a P & L or balance, it should do a lovely report, but, instead it has little blocks of black. If I zoom right in and set the font to size 72, it looks like the letters are all ontop of each other. To get an idea write a few letters on paper and write each one over the top of the last, eventually you will have a blob of mess. If anyone has had this problem before, or knows how to sort it out, please contact me. Thankyou in advance.
Accounting Talk » Management Accounting » Hows the employment situation with Accoutants?
I find this very hard to believe. Out here on the west coast, any reasonble advertisement for a job gets close to one hundred qualified applicants. It sounds like a BW puff piece, or their is something very unusual about the situation. – Hide quoted text — Show quoted text – Of course we have a historically low unemployment rate and top accounting Big Six bound students have always seemed to do fairly well when the economy was decent but hows the market overall? I saw a Bus Week article on the tight labor mkts for younger workers and they had this bit on 21 yr old interns at Deloitte and Touche in Chicago who had free "luxury apartments" with maid service, free laptops, a lake view and were paid $3900 a month plus overtime. Is this just the Chicago area? Just Big Six bound top students? There have always been puff pieces like this about the employers being so desperate yet you always hear conflicting stories. Old age discrimination, preference for really young cheaper college grads, very picky employers, preference for foreign workers, etc. etc. Norman Matiloff for insistance, a Comp Sci professor has collected a large amount of evidence that high tech companies which scream about shortages all the time, routinely discriminate against 35+ age workers and are very picky only hiring a miniscule amount of the people who apply preferring young college grads or foreign workers.
I think it is a combination of hype and employers who want dirt cheap technical labor. There was something recently about a glut of unemployed computer engineering types who had passed the golden portal of 35 !without entering management! and were hence considered unemployable by the high tech industry. Accounting has always been like that, except the age of unemployability was lower. Age discrimination is the norm rather than the exception. If your not in management, or can bring your own clients along, your usually dead at thirty. There are a few execptions for tax specialists and some obscurities. Its alwasy been that way, and I doubt if it will ever change. ((Yes, I know there about the Federal Age Discrimination Act of 1978 (?), but I’ve never met a Public Accountant who took it seriously.)) – Hide quoted text — Show quoted text – I find this very hard to believe. Out here on the west coast, any reasonble advertisement for a job gets close to one hundred qualified applicants. It sounds like a BW puff piece, or their is something very unusual about the situation. Geez, after I read about the situation in high tech I thought it was actually a conspiracy the night and day scenario painted by Matiloff and others and this constant stream of hype about how employers were virtually so desperate they grabbing people off the street – a phrase a commentator on economics made a few months ago. I saw another dire warning about the critical shortage of people who want to work in high tech in the US. Of course I know the Federal Reserve Bank is thinking about raising sort term int rates because the "labor market is too tight" , but there seems to be a weird disconnection in the two portrayals. I thought maybe in the accounting field it was actually true though.
Accounting Talk » Accounting » compliment/ insult??
I’m glad that you guys all said that, how people are reluctant to comment on weight loss for the right reasons, because I’ve lost 23 pounds and not had a single person say anything (except a few family members who know I’ve been trying). I hope that people are noticing and they’re just too polite to bring up the issue.
I think you’re right about that. I’ve had a couple people make positive comments *after* I brought up that I was on a special diet and/or that I was losing weight. They clearly noticed but didn’t want to say anything. Cyndi 160/151/135 — 9 down, 16 to go Low-carb vegetarian + seafood since 7/28/98 "There’s nothing wrong with me. Maybe there’s Cyndi Norman Owner of the Immune Lists: http://www.best.com/~immune
: THEN she went on to say "i was so worried about you because you were : putting on some weight before and it looked like it was getting out of : control" etc. etc. i didn’t even see it coming. yes, i know i was : getting big before. but never did i get over 170 pounds. what makes me : the most pissed is i was so happy from her earlier comment, i couldn’t : even think of a bitchy retort. This may not work for everyone, but this is how I’ve reacted in situations like this: I look at the person and say, "Why were you so worried? I hardly know you, so why would you care so much? I never even think about you unless I bump into you, so how did I become sooooooo important to you? What is missing from your life that you need to place so much importance on me? Maybe you should get some help for that." Myra – not always the nicest person in the room <g Please direct e-mail to "myra [at] primenet [dot] com"
Basically, if you tell someone they look good because they lost weight, you are telling them they looked bad when they were fat. It would be far better
The best suggestion I have heard, if you must say something, is to just tell them they’re looking good! Then they can think you are saying they look healthy, which can be encouraging if you’re ill, or they can think you noticed their weight loss but you still thought they looked good before, or you like their clothes, or whatever. rainy 248/248/200-180-148-? since 11/17/98
Slightly off opic, but worth mentioning: You can’t help what other people say. My family knows this lady who was a client of my dad’s for years. My dad was a tax accountant. He was brilliant at what he did. He was very ill and could not work the last couple of months of his life. We managed to find a replacement, but later found out that the gentleman was not a worthy advirsary to continue doing business with. Anyway, shortly after my dad’s passing this lady had to have something done in regards to her taxes, and the replacement took care of it. As she was leaving, she had the nerve to tell my mom that the replacement was absolutely amazing and that my dad was nowhere near as good as this gentleman was. Don’t get me wrong, I feel that everyone has a right to thier opinion, but what did this woman need to sayall of that for? Wouldn’t it have sufficed to mention to my mom that she thought that we had found a really good replacement? Why did she have to add how much better then my dad she thought he was, to my mom, who had lost her husband MAYBE 3 months earlier????? Anyway…..we always looked forward to the day she would no longer be a client..and it has come. Trexa 352/342/180? As of October 21, 1998 No Spam= Remove "Carbs"
the days of people being aware of "proper manners" has long gone, i in this house, i have always taught them to my children, something’s, they think are strange, but they are polite, gracious, and wonderful kids! Low carb? Low calorie? Low fat? Low glycemic? 50yr/female/5′10"/wearing size 14 jeans! I am learning HOW to eat, WHAT to eat, and WHY I eat! EATING IS NOT AN EVENT ! http://www.winternet.com/~terrym/sobriety.html ATKINS-BERSTEIN-HELLER-GITTLEMAN-DESMAISONS-EADES-ARNOT STEWARD-BETHEA-ANDREWS-BARART-EZRIN-KOWALSKI Read and Post, everyday! Rosie
– Hide quoted text — Show quoted text -Slightly off opic, but worth mentioning: You can’t help what other people say. My family knows this lady who was a client of my dad’s for years. My dad was a tax accountant. He was brilliant at what he did. He was very ill and could not work the last couple of months of his life. We managed to find a replacement, but later found out that the gentleman was not a worthy advirsary to continue doing business with. Anyway, shortly after my dad’s passing this lady had to have something done in regards to her taxes, and the replacement took care of it. As she was leaving, she had the nerve to tell my mom that the replacement was absolutely amazing and that my dad was nowhere near as good as this gentleman was. Don’t get me wrong, I feel that everyone has a right to thier opinion, but what did this woman need to sayall of that for? Wouldn’t it have sufficed to mention to my mom that she thought that we had found a really good replacement? Why did she have to add how much better then my dad she thought he was, to my mom, who had lost her husband MAYBE 3 months earlier????? Anyway…..we always looked forward to the day she would no longer be a client..and it has come. Trexa 352/342/180? As of October 21, 1998 No Spam= Remove "Carbs"
Oh Rosie I love it. People who talk like that about their kids are "A one" in my book. Because I reckon kids are the heart of life. Well my parents never thought *I* was great and I knew how stink that felt, so I made sure I just loved my kids to the hilt. Result …. kids 27, 29, 31 who think I am the greatest mum alive, and the feelings between us give me joy. Go Rosie!! – Hide quoted text — Show quoted text – the days of people being aware of "proper manners" has long gone, i in this house, i have always taught them to my children, something’s, they think are strange, but they are polite, gracious, and wonderful kids! Low carb? Low calorie? Low fat? Low glycemic? 50yr/female/5′10"/wearing size 14 jeans! I am learning HOW to eat, WHAT to eat, and WHY I eat! EATING IS NOT AN EVENT ! http://www.winternet.com/~terrym/sobriety.html ATKINS-BERSTEIN-HELLER-GITTLEMAN-DESMAISONS-EADES-ARNOT STEWARD-BETHEA-ANDREWS-BARART-EZRIN-KOWALSKI Read and Post, everyday! Rosie Slightly off opic, but worth mentioning: You can’t help what other people say. My family knows this lady who was a client of my dad’s for years. My dad was a tax accountant. He was brilliant at what he did. He was very ill and could not work the last couple of months of his life. We managed to find a replacement, but later found out that the gentleman was not a worthy advirsary to continue doing business with. Anyway, shortly after my dad’s passing this lady had to have something done in regards to her taxes, and the replacement took care of it. As she was leaving, she had the nerve to tell my mom that the replacement was absolutely amazing and that my dad was nowhere near as good as this gentleman was. Don’t get me wrong, I feel that everyone has a right to thier opinion, but what did this woman need to sayall of that for? Wouldn’t it have sufficed to mention to my mom that she thought that we had found a really good replacement? Why did she have to add how much better then my dad she thought he was, to my mom, who had lost her husband MAYBE 3 months earlier????? Anyway…..we always looked forward to the day she would no longer be a client..and it has come. Trexa 352/342/180? As of October 21, 1998 No Spam= Remove "Carbs"
– ~^
Accounting Talk » Financial Accounting » CPA Practice Value
Would you please post what a general accounting practice is selling for. We have a practice in the NJ area that is approximately the following breakdowns. 10 % Financial Planning 25 % compilation & review 10 % audit 55 % tax prep, write up, special projects and management consulting Thanks for your input. ron
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Ronald, A VERY general rule of thumb for a professional services firm valuation is $1.00 for every dollar of annual billings that would be transferred in a sale. obiewan |Would you please post what a general accounting |practice is selling for. We have a practice in |the NJ area that is approximately the following |breakdowns. | |10 % Financial Planning |25 % compilation & review |10 % audit |55 % tax prep, write up, special projects and |management consulting | | |Thanks for your input. | |ron
Would you please post what a general accounting practice is selling for. We have a practice in the NJ area that is approximately the following breakdowns.
As obiewan notes, the 1x’s annual billngs is generally the "rough" starting point for the sale of a practice. You will move up or down off there depending on various factors about how the practice has been doing, the quality of clients involved, etc. The trend of the practice in recent years would also be important (is it becoming more or less profitable). You will find that the motivation of the buyer may have a lot to do with the ultimate price as well–the buyer may look at your practice and decide he/she could "cross-sell" those clients other products and services. Similarly, if you are in the "I want out of here" mode, your motive for selling might cause the price to move down. I’ve always found that the price for the sale of any business will be generally be higher if the buyer first approached the seller than if the seller went out to find a buyer. Quite often a sale will have a portion of the proceeds contingent on client retention 10 % Financial Planning 25 % compilation & review 10 % audit 55 % tax prep, write up, special projects and management consulting
In analyzing your practice, I think I’d break out the 55% group into more detail. You’ve lumped "high value" services (special projects and management consulting) with what are seen by many as low yield activities (tax preparation and write up). Ed Zollars, CPA (AZ) http://www.getnet.com/~hmtzcpas