1 karma · joined July 9, 2023
Does anyone else get electric shocks often from them? I would get them anytime I touched the metal case of it. I never thought to google it or anything.
This course is probably geared towards those type of people (or educating people who will become bosses one day)! It's a technical course in a management school, it's not for programmers. It's not as in depth as it could be because that's not what it is intended for. This should be exactly what the people complaining about bosses making bad technical decisions should want, but I think people just want to complain instead.
FYI Sales tax is 13% in Ontario now
* Fines, as other people have stated, are usually not deductible. They aren't in Canada, for sure, and they are added back to income (i.e. you're taxed on that amount).
* There is usually a big difference between how leases are treated for accounting purposes and for tax purposes
* Accounting requires that things like accounts receivable to be measured at the expected value. Accounting generally requires an allowance to be booked as an expense for doubtful accounts, even if you don't know which accounts are doubtful. This is usually done on a basis like, historically 2% of accounts are doubtful, so we'll book that expense. For accounting, that's fine, but for tax purposes only actual bad debts are deductible.
* In Canada, capital gains are taxed at 50%, while for accounting purposes 100% of the gain is included in income.
* Capital asset purchases are not deductible, but are depreciated instead over time
* There's limits on things like meals and entertainment. In Canada, only 50% of them are deductible as it is assumed there is always a personal portion to a meal.
So it's not like everything is always deductible, there are many things that income is adjusted for for tax purposes.
That being said, specific marketing costs already are amortized over the life of contracts - if you pay commissions to sales staff, those are allocated over the life of the contracts that are signed. If you pay inducements (such as free months of service, or whatever), those are amortized over the life of the contract. However, general marketing expenses like ads are recognized in the period that they occur. There are a number of reasons for this: maybe adtech can decide who saw what ad and made a purchase because of it, but that is generally hard to tell. The other is that how do you know what the life of the contract will be. Your company pays $1000/year for Slack, and you likely will, but what if something changes? Slack can't know what you're planning to do. They'd have to make an estimate, and estimates are open to manipulation by management.
Management's incentive is to decrease expenses in the current year to make themselves look better to investors, so they're going to say that their expenses will be good for 20 years. How can they be certain? There's also the other way they can manipulate it by saying that "oh, this was a bad year already, we might as well recognize marketing expenses now to make a bad year worse, so next year looks better". Since there's no actual measurement basis, there's no corroborating evidence either way.
Source: am an auditor, albeit not familiar with US GAAP.
But to your point, is all entertainment fungible? I don't think its really comparable. Magic is a competitive, fun game to play with lots of strategy and community behind it. This isn't to say that a $2 Steam game doesn't have those, but people play Magic specifically because it is Magic, not because it is generic entertainment.