Less than a month away...

OK, the upcoming football season is less than a month away. 2008 is set up to be the most anticipated season for me in a very long time. Will the Raiders do it this year? I don't want to get my hopes up, but its now or never.

10 starters on offense return, 8 on defense. To me that is one of the biggest stats in evaluating prospects for the coming season when I look at teams in college football. Experience is key and Tech has it. More on my thoughts in the coming days...

Not typically part of being a CPA: Documenting inefficiencies again...

Sorry it has been a while since I have had a chance to write. Had another example last week of the inefficiency from the Wall Street Investment Bank that I work for. The past couple of weeks myself and others on the team have been working on a management fee calculation and the related notices that are sent to the partners in the fund. We calculate this fee by taking a percentage of the unreturned capital in the fund and charge it to the partners semi-annually. We have schedules that we maintain for other purposes that we leverage to make the calculation.

Long story short, the guy we sent it to in New York rejected it because the files were not linked in excel. So in the middle of preparing financial statements, he wants to create a dynamic file that is linked and formatted all pretty. Good idea, but inefficient use of resources. He had a file that did this for him, he was just too lazy to dig into it. Mind you, it is the same file that he had been sent for every previous management fee call that we have prepared for him. So guess what I did for 11 hours on Wednesday? Thats right, prepare this dynamic file that game him the same answer as before. Brilliant!