/jp/ - Otaku Culture

God fucking damnit, that's my favorite picture of her. I just got done fapping too, fucking asshole.

No, I'm not going to do your homework for you.

How does Gensokyo know GAAP?

You know, only 50% of /jp/ is an accountant, the other 50% are mechanics.
I'm not an accountant.

Why the fuck would she sell her books for $5 when she buys more inventory at higher prices? What a fucking dumb bitch.

>>2594208
That leaves out NEETs.

>>2594206

Yukari GAAPed it in.

>>2594206
LIFO isn't GAAP, so no.
She should be using FIFO or average weighted.

>>2594208

Don't we have alot of bio/chem/CS majors here too?

>>2594227

...gb2 Financial Accounting

>>2594208

What is the link between accountants and /jp/ residents?
How much do they make a year anyway?

>>2594206

You must be an American. We civilized people use IFRS.

>>2594255
It's not how much you make that counts, it's how hard you have to work to make it.

>>2594255

Accountants can easily keep their shut in life style. Suits /jp/ anons perfectly.

What's it like being an accountant?

>>2594217
Not all books have standard costing.

Assume Patchouli is acting as a sole trader.

Previous long-term inventory should be valued @ historic cost, but since we don't have that we'll assume the $5 for the 60,000 books is accurate.

Assume Patchouli sells books at $5, add 100,000 to cash in hand.
...Actually the question is unsolvable without the price of the books sold as well as the time in which the 100,000 was sold. I'd try averaging it out, but there's no end point to the financial period, so I can't even do that. Ah well.

>>2594271
>What's it like to hold financial reports in your arms, /jp/?

Papercuts hurt. And the paperless office is a lie.

>>2594271

Alot of hard work. But you get alot of time to yourself. Long hours during tax season. So so hours during off season. If you are working tax department you'll never have to speak to anyone if you don't want to. You might get one or two managers that want to "synergize" the company and get everyone working together but they'll give up on the tax department/accounting department when they realize how antisocial we are.

Why are there so many accountants on /jp/? It has to be just one anon trying to make accounting look good right?

How should I as an IT engineer specializing in programming know such complicated programs I only know C++

>>2594316
I was >>2594227, >>2594285 and >>2594297.

So there's at least 2.

>>2594316

Alot of the accounting majors at my school are pretty much /jp/ quality people. I wouldn't be surprised if some of them are in here browsing. I had a good chat with a girl in my accounting club about VN's. Too bad she only plays otome and yaoi ones.

>>2594344

Was she fat or unhealthily pale? I cannot accept a healthy girl that plays VNs.

CS major here. Just sent this to my Accountant/Japanese Major clubmate.

Fucker plays Touhou on easy... and get's his ass handed to him ;_;

>>2594394
Rest assured she only plays them to get ideas for when she fucks her boyfriends.

The cost of goods sold is $100,000 for that month assuming she didn't sell any book after the transaction on the 1st. The rest are purchases which doesn't matter unless she sold more books

>>2594394

She was one of those stereotypical nerdy Asian girls. Not fat but not super model skinny either. Wears glasses and really socially awkward. She is the only person I know that pairs people in real life and fantasizes about them.

>>2594412
You're really assuming she sold 20,000 in five days? That's a pretty damn big assumption.

Assuming she sold the books at the end of the period, CoG would be £242,000. Though LIFO is disallowed where I'm from.

>>2594457

Lucky you. You don't have to deal with Dollar Value LIFO bullshit.

/jp/ - Japan/General Ledger

Sorry, what? I was too busy masturbating.

>>2594470
Seriously? LIFO?

You poor bastards...

>>2594483

Icy what you did there...

>>2594503
I wish I had the appropriate image-editing software on my computer to put a T-ledger on that.

>>2594285
what does marisa have to do with sho...?

>>2594457
that's what the question gave us so we have to use it, unless OP provides more info on when the books were sold. that being said it could be a grand opening and people just wanting to buy spellbooks to improve their danmaku so they can get some hot sex after winning against a touhou

>>2594535

What's the fair market value of sex with a Touhou anyways?

>>2594547
depends on who you want

>>2594535
Well, OP wouldn't have specified LIFO if it didn't have SOMETHING to do with selling it.

I forget, if you inherit stuff and it's later appraised at a certain value, does Cost of Sales count as nil or at the appraised price?

Also fuck money laundering regulations.

>>2594553

The cost of which it was originally acquired.

OP said periodic LIFO so it wouldn't matter if she sells anything before or after purchases.

She sells 20,000 so the purchased layers of 10,000 for 20 bucks per book and 4,000 for 3 bucks per book would be eaten into. Then 6000 would be eaten from her beginning inventory.

>>2594217
books isn't only merchandise to patchouli, main point of her purchases is new reading material, the resales are just a side effect of her hobby