MP3 Download (Right-click and Save): Death and Taxes VERSE 1: IRS, the taxes amounting Let’s go through cash basis accounting Allowed for individuals owning a business But corporations, they can’t get with this Carryovers, passive activity loss No carryback, no not at all Investment interest expense Is greater than investment income, yes, yea Installment
MP3 Download (Right-click and Save): Unmodified CHORUS: Unmodified, no longer unqualified These standards are clarified Financial Statements verified Yea, unmodifed, I gotta say welcome to the other side VERSE 1: Audit Reports must be in writing, must be signed and The location, city and state, where to find ‘em And the Unmodified Opinion The
MP3 Download (Right-click and Save): Economic Cycles CHORUS: It’s the E-C-O to the N – O – M – I- C -S Better do good on your test Supply & Demand, that’s the plan Economic cycles all across the land VERSE 1: Yo, let’s talk about supply curve When an item price increases, supply does
MP3 Download (Right-click and Save): IFRS: King on this Street CHORUS: Get out your 10-key, Excel Spreadsheet Ninja CPA, we gonna beat Any exam, we achieve that feat IFRS be the king on this street VERSE 1: International Account Standards Board issues IFRS They do that and more The most authoritative place you can see
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