OCA - Oceania Group - retirement villages

[RTM]

[QUOTE=Ggcc;788060]How come accountants can give two sets of answers that differ from the same books.
/QUOTE]

You only have to take a quick look at American politics to see how the same set of “facts” can be interpreted in different/opposite ways !

[BlackPeter]

[QUOTE=RTM;788097]

How come accountants can give two sets of answers that differ from the same books.
/QUOTE]

You only have to take a quick look at American politics to see how the same set of “facts” can be interpreted in different/opposite ways !

Not a great example. The Trumpistas in the US work with "alternative facts"- i.e. they are either dumb or plain liars. Would not expect the same low standard from most of our accountants (though, there are obviously as well either incompetent or crooked accountants in NZ).

[macduffy]

How come accountants can give two sets of answers that differ from the same books.

Because they're closely related to economists?

(How to lose a lot of my friends...……)

[Ggcc]

[QUOTE=BlackPeter;788102]

Not a great example. The Trumpistas in the US work with "alternative facts"- i.e. they are either dumb or plain liars. Would not expect the same low standard from most of our accountants (though, there are obviously as well either incompetent or crooked accountants in NZ).

Last I looked at what accountants earned I was shocked. Especially when working for an accountancy firm with a few years experience. A friend who has a vacancy in her accounting firm has had a vacancy for months and no interest. I asked her what they were offering and I was surprised that they get little over $20,000 over minimum wage.

[Beagle]

Perhaps it might help if I give a couple of illustrations.

Suppose you asked five different accountancy firms to value Oxford finance the finance division of Turners which contains, (lets just say for arguments sake), 50 millions dollars of receivables that are in various states of arrears and delinquency along with 50 million dollars of receivables that are current. Would anyone be surprised that there are five different answers to fairly valuing the total receivables book ?

Suppose you were diagnosed with a potentially very serious illness by your Doctor, might he refer you to a specialist for a second opinion and might that specialist confer with his colleagues about your condition and best prognosis for treatment ? Might his collogues not always concur with the specialists diagnosis or the original doctor's diagnosis ?

Welcome to the reality of professional judgement and interpretation...anyway I think we're off on a very acute tangent to the thread topic...

[BlackPeter]

[QUOTE=Ggcc;788107]

Last I looked at what accountants earned I was shocked. Especially when working for an accountancy firm with a few years experience. A friend who has a vacancy in her accounting firm has had a vacancy for months and no interest. I asked her what they were offering and I was surprised that they get little over $20,000 over minimum wage.

Not a specialist for accountant pay rates ... but I am pretty sure that the people who sign off the numbers are more than satisfactory paid.

But whatever it is - a low salary might be a valid reason to change the job, but not to provide substandard work ...

[winner69]

Bit of a sell off today and back to $1.25

Disappointment at results? Or just virus panic?

[black knat]

Bit of a sell off today and back to $1.25

Disappointment at results? Or just virus panic?

Big placement at a discount.

[Brain]

[QUOTE=Ggcc;788107]

Last I looked at what accountants earned I was shocked. Especially when working for an accountancy firm with a few years experience. A friend who has a vacancy in her accounting firm has had a vacancy for months and no interest. I asked her what they were offering and I was surprised that they get little over $20,000 over minimum wage.

I am not surprised there is no interest. Clearly the young accountants can get better pay elsewhere. Maybe her firm needs to pay better.

[BlackPeter]

[QUOTE=Brain;788143]

I am not surprised there is no interest. Clearly the young accountants can get better pay elsewhere. Maybe her firm needs to pay better.

Just to clarify - the quote you posted with my name in it and replied to is not mine .... You probably edited my post and Ggcc's post and deleted on the way a handful of back-slashes too many ...