Viewing profile — LeanOnSheena

I'm not commenting on the the particulars of different ownership and operational business models. Certainly private equity backed portfolio company structures deserve their fair sh…

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 work…

CPA here again, You're poking and some very interesting concepts! There is a lot to explore. Some thoughts: - Yes money is in many ways best thought of as an abstraction. A sociall…

I am a CPA by training originally, but have spent most of my time in operational finance roles for PE-backed technology companies. While my work is all finance and accounting relat…

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 …

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. Th…

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. h…

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 t…

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…

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 pro…