MP3 Download (Right-click and Save): Death and Taxes VERSE 1: IRS, the taxes amounting Let’s go through cash basis accounting Allowed for individuals owning a business But corporations, they can’t get with this Carryovers, passive activity loss No carryback, no not at all Investment interest expense Is greater than investment income, yes, yea Installment
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Accounting Song – Unmodified (AUD)
MP3 Download (Right-click and Save): Unmodified CHORUS: Unmodified, no longer unqualified These standards are clarified Financial Statements verified Yea, unmodifed, I gotta say welcome to the other side VERSE 1: Audit Reports must be in writing, must be signed and The location, city and state, where to find ‘em And the Unmodified Opinion The
Read MoreAccounting Song – Economic Cycles (BEC)
MP3 Download (Right-click and Save): Economic Cycles CHORUS: It’s the E-C-O to the N – O – M – I- C -S Better do good on your test Supply & Demand, that’s the plan Economic cycles all across the land VERSE 1: Yo, let’s talk about supply curve When an item price increases, supply does
Read MoreAccounting Song – IFRS vs GAAP (FAR)
MP3 Download (Right-click and Save): IFRS: King on this Street CHORUS: Get out your 10-key, Excel Spreadsheet Ninja CPA, we gonna beat Any exam, we achieve that feat IFRS be the king on this street VERSE 1: International Account Standards Board issues IFRS They do that and more The most authoritative place you can see
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