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    Accounting How you know you have a young professor.

    December 08, 2017

    Accounting How you know you have a young professor.

    How you know you have a young professor.

    Posted: 08 Dec 2017 01:31 PM PST

    For all of the students wondering how many hours we work, here is a chart of my chargeable hours for my first year as a B4 Audit Associate.

    Posted: 08 Dec 2017 06:55 AM PST

    I can't wait to spend much more time with my family while earning an obscene amount of money (From a tax problem).

    Posted: 08 Dec 2017 06:17 PM PST

    If you could use one GIF to describe your job what would it be?

    Posted: 08 Dec 2017 02:26 PM PST

    Greatest email a lowly associate can receive

    Posted: 08 Dec 2017 03:50 AM PST

    My experience as a tax intern earlier this year at a mid-sized regional firm (hours per week)

    Posted: 08 Dec 2017 06:10 PM PST

    U.S. Department of Defense: Officials Announce First DoD-Wide Audit, Call for Budget Certainty

    Posted: 08 Dec 2017 06:46 AM PST

    Is accounting worth it?

    Posted: 08 Dec 2017 09:10 PM PST

    So, I work in the hedge fund industry and I absolutely hate it. I work overtime and don't get to take lunch. This area is so specific I can't even move to a different accounting area. I really wanna quit. But I don't know how to move to a different firm cause my experience is so specific. What should I do?

    submitted by /u/accountantthrow
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    The Michelangelo of Microsoft Excel

    Posted: 08 Dec 2017 08:45 PM PST

    Pentagon Announces First-Ever Audit Of The Department Of Defense : The Two-Way : NPR

    Posted: 08 Dec 2017 05:01 PM PST

    Not interning until after graduation?

    Posted: 08 Dec 2017 06:46 PM PST

    I'm double majoring in finance and accounting, scheduled to graduate spring 2019. Because of the double major I am taking at least 5 classes each spring and fall, and about 3 or 4 this summer to graduate on time. This makes interning pretty much impossible. I asked my advisor if it's okay to not intern until after graduation, she said yes but it worries me that I will graduate without an internship lined up or I get one and it doesn't turn full time I'm screwed.

    Anyone else here wait until after school to intern? Should I consider dropping the double major (I added it to get closer to the 150) so I can have a lighter load and try to squeeze one in somewhere?

    submitted by /u/nonsjwthrowaway
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    Raped by FAR today, ama

    Posted: 08 Dec 2017 08:17 PM PST

    Free Talk Friday

    Posted: 08 Dec 2017 06:47 AM PST

    Been getting crushed at work as I signed up for supporting a proposal while being chargeable to a project. Thankfully flying out to Cancun tomorrow which will be some much needed R&R. How are your guys' Decembers going?

    submitted by /u/ItsJustAwso
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    CFA L1- Distribution of study time (if anyone cares)

    Posted: 08 Dec 2017 12:59 PM PST

    My first check had 16% deducted for taxes, second check had 24% deducted, is this correct? (Full info inside)

    Posted: 08 Dec 2017 07:24 PM PST

    I live in NYC and make minimum wage,, My first week of work I worked 15 hours and my check was for $132, after doing the math 16% was deducted for taxes I assume

    Second check I worked 40 hours at minimum wage, my check was only for $318, which is like 24% deducted which again I assume is for taxes

    After doing the math based on my first check i make about 8.80 an hour after taxes, so my second check should be for $352 not $318, so my questions are

    1. Is this check correct ? Do I pay more taxes or something because I worked 40 hours ?

    2. Is it possible this is malicious and my employer is attempting to scam me ?

    submitted by /u/InfamousAngel_
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    MRW I read about new accounting standards

    Posted: 08 Dec 2017 05:37 AM PST

    What's the best way to do a rate analysis of our rates versus competitors?

    Posted: 08 Dec 2017 10:03 PM PST

    Hey, apologies for the rookie question, but I'm not an accountant, and I want to give my company information that will help them decide if our rates for professional services are too high for the marketplace.

    What I have is a pile of proposals from other companies, including their rates for professional services. I want to present that information to my company in a way that shows how our rates compare overall to other companies.

    My challenge is that while I have the rates that we charge for various services (project manager, senior consultant, analyst, et cetera), and the rates of other companies as well, it seems to me that I'm comparing apples to oranges, because the job titles don't match and if one company assigns, for example, a "Senior Analyst" at one rate to a task for 100 hours, and my company assigns a "Senior Consultant," at a different rate, for a different number of hours, I don't know how that should be analyzed. Is there a commonly-accepted way to portray that?

    TLDR: I want to provide my company a rate analysis that shows how our professional rates compare with other firms, but I'm worried that I'm getting in WAY over my head.

    submitted by /u/drewm916
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    How can I get over my fear of not being able to handle a job?

    Posted: 08 Dec 2017 11:11 AM PST

    I'm an Assistant Controller right now. I did 3 years in public and I've been in this position now for 5 years. It's time (and has been time for the past 1-2 years), to find something new. But I feel like I still lack experience in a lot of areas since my audit days were mostly not for profits, and my stint in private has been at a corporate office (so no operations, moreso consolidation and 10-Q and 10-K stuff, but also closing the books for the corp office).

    I saw a job posting that I'm really interested in for an Accounting Manager. There were a few things on the job description that I felt like I would need training/help on. This happens all the time - I see something I like but talk myself out of it because I feel like I won't be able to handle it. Throw into this the fact that I have a little bit of social anxiety and also worry that I won't fit into the culture.

    I feel like the higher up I try to go, the more I feel like I won't have any help if I need it. and the more I feel like my social anxiety will be a hindrance. and I know I've asked this question before, but I'm just worried i'll be in a position where I get stuck on something or a project, and who would I go to? I feel like I will be in a position where I have to handle it myself.

    how do I get over this fear?

    submitted by /u/lab52
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    Should I list a failed app developing experience on resume?

    Posted: 08 Dec 2017 09:08 PM PST

    During the summer of my freshman year, I made an app for a niche local community. It got 12000 initial downloads but quickly died down. I hired local promoters, did Facebook marketing, etc.

    Should I list this on my resume for big 4 recruiting next year?

    submitted by /u/FreelanceFifty
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    How did you achieve 150 credit hours for CPA?

    Posted: 08 Dec 2017 01:23 PM PST

    [HW Help] Calculating market interest rate and FV on bond

    Posted: 08 Dec 2017 07:32 PM PST

    "A company issues 20-year bonds paying a 5% stated rate and receives $626,028 upon issuance. The bond pays annual interest and are issued when the market interest rate is 2%. What is the FV of the bond?

    I'm using a financial calculator but I'm not sure how to do this since we don't know what the PMT is on the bond.

    "On Jan 1, 2018, Blank Inc issues $1,000,000 FV, 30-yr bonds with an annual stated rate of 8%. Interest is paid semi-annually on 6/30 and 12/31 and the companies received $1,276,756 upon issuance. What is the (annual) market interest rate at the time of issue?

    Once again, if I plug in my givens (PMT, FV, PV, periods) into my calculator, I get an error when solving for interest.

    Any help would be appreciated!

    submitted by /u/gobears2019
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    When and what type of job to seek

    Posted: 08 Dec 2017 07:26 PM PST

    I've been working in an AP/AR position for the last year and a half. I got my BA in 2007 in History, but I've started classes in accounting at city college online. My previous GPA was not spectacular, primarily bc I was not career oriented and didn't have motivation. I am trying to keep a solid 4.0 in all relevant courses, that way if there are questions about my past experience, I'll have some evidence that I'm not in the same position and that I'm taking things seriously this time around. I'm ultimately looking to get a CPA, and I'll have the hours very soon, but I need about 40 hours of accounting in total. My question is: when is it appropriate to seek out a job with more responsibility that's higher up the chain? I don't think I'd leave my current position until I've done at least tax and both intermediate courses.

    That being said, I had 0 business experience prior to this position, and I had no difficulty adjusting to and learning the work (office politics are another thing). Could this be seen as an advantage by a prospective employer?

    I appreciate any feedback.

    submitted by /u/Detters0
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    How social is your department/workplace?

    Posted: 08 Dec 2017 08:45 AM PST

    Can you get by the day with minimal socialization or is a requirement of your job. Hows your relationship with you coworkers. Do you hate/friend anyone?

    submitted by /u/deadliftsquatbench
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    Becker or Surgent for CPA?

    Posted: 08 Dec 2017 07:05 PM PST

    Hey guys I just graduated and I'm trying to decide on which material to purchase for the CPA. Is the price of Becker really worth it? Let me know what worked for you. Thanks

    submitted by /u/Lbiscuit5
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    What student work position would look better on a resume?

    Posted: 08 Dec 2017 06:59 PM PST

    TA for Financial Accounting for Accounting Majors

    or

    Private Tutor Intermediate Accounting I

    I was offered both jobs, not sure which would look better to big 4.

    submitted by /u/KarthusMain
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