OS subscription is only for Enterprise accounts. I have one of the first units and I don't pay anything for the OS
I am CPA, former auditor, and a self-taught programmer. I am in a director level finance & technology role at an American, private-equity backed portfolio SaaS company. I have worked with all kinds of finance…
Yeah CPA here. On the day you take out the loan you're not in debt 110, you are in debt 100; you would accrue interest expense over the term of the loan. What if the lender called the loan day 2 for some reason? You…
He's explaining the time value of money but uses an example that accrues interest before any time has passed?
I didn't say it was an excuse. There is value in articles that correctly synthesize fundamental concepts in ways that bring in new learners who are curious and open to learning. There are things the author gets right,…
The bank of England has some incredible articles that explain this that have been circulated on HN before. Really fantastic reading for those wanting to understand the mechanics.…
Yes, at the time of the initial transaction the borrower would not have a liability on their balance sheet that included the interest due. Over the course of the borrowing period the borrower would accrue interest…
You're correct on all points. Some additional refining points regarding accounting concepts: - General legers are formed by way of transactions recorded as journal entries. Journal entries are where two or more accounts…
Hi rendaw, I made an account just to reply to you because I think your questions are excellent ones. I am a CPA by background. While much of my professional work today involves programming and working with data, I…
OS subscription is only for Enterprise accounts. I have one of the first units and I don't pay anything for the OS
I am CPA, former auditor, and a self-taught programmer. I am in a director level finance & technology role at an American, private-equity backed portfolio SaaS company. I have worked with all kinds of finance…
Yeah CPA here. On the day you take out the loan you're not in debt 110, you are in debt 100; you would accrue interest expense over the term of the loan. What if the lender called the loan day 2 for some reason? You…
He's explaining the time value of money but uses an example that accrues interest before any time has passed?
I didn't say it was an excuse. There is value in articles that correctly synthesize fundamental concepts in ways that bring in new learners who are curious and open to learning. There are things the author gets right,…
The bank of England has some incredible articles that explain this that have been circulated on HN before. Really fantastic reading for those wanting to understand the mechanics.…
Yes, at the time of the initial transaction the borrower would not have a liability on their balance sheet that included the interest due. Over the course of the borrowing period the borrower would accrue interest…
You're correct on all points. Some additional refining points regarding accounting concepts: - General legers are formed by way of transactions recorded as journal entries. Journal entries are where two or more accounts…
Hi rendaw, I made an account just to reply to you because I think your questions are excellent ones. I am a CPA by background. While much of my professional work today involves programming and working with data, I…