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    Monday, January 1, 2018

    Accounting Getting back into accounting after a 19 year hiatus

    Accounting Getting back into accounting after a 19 year hiatus


    Getting back into accounting after a 19 year hiatus

    Posted: 01 Jan 2018 06:56 PM PST

    I am 48 years old and took a 19 year hiatus to raise my family. I graduated with a BS in accounting, graduated summa cum laude in 1994. I passed the CPA exam in 1996 (but not officially licensed). in the 1990's I worked in the tax dept at one of the big 4 and then in tax at Goldman Sachs. My work experience was approximately 5 years before I took the long hiatus.

    I'm trying to go back into accounting, but not tax. I m approaching 50, and I can't imagine working 7 days, 80 hours a week for a few months a year during tax season. I already applied for a few positions, mostly entry level in general accounting, but have not gotten any response for an interview. Im thinking about accounting since I did pass the CPA exam and I have the BS in accounting.

    Since it's been 2 decades ago, I've basically forgotten what I leaned in college and from my job experience. To be quite honest, the thought of going back to work scares me right now. The accounting world is a different place from the 1990's. I know everything is computer driven, whereas in the past, we did some things manually.

    I spoke to a local college who told me that I should take a course in data analytics and a refresher course in financial accounting and learn advanced excel skills.

    1- Is this the best way? Is Data Analytics a highly sought after skill that will help boost my resume? 2- Are there any other courses that I should consider taking? 3-Are there any other career options available to me with my education and work experience? 4. Since I'll probably be 50 years old or older once I finish with my coursework, I am kind of worried that I won't easily be able to find a decent job. I think I will probably face some age discrimination. I will be competing for jobs with recent college graduates. 5. Is it worth considering graduate school at my age and with the long gap in my work history? I'll probably work until retirement age. 6. Are there any websites or career counselors that can help me?

    I appreciate any help or feedback that can be offered. Thank you in advance.

    submitted by /u/18k1t1
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    Just got this ad targeted to me on Hulu. CMAs are coming for you, CPAs.

    Posted: 01 Jan 2018 10:37 AM PST

    Are animals in a zoo considered assets?

    Posted: 01 Jan 2018 04:15 PM PST

    If so, how do they determine the value of each species?

    submitted by /u/TheCatHadABadHat
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    Is the CPA exam really that hard?

    Posted: 01 Jan 2018 07:39 PM PST

    On this sub I see people talk about barely passing with 75s or 76s, or barely failing with a 74. I see people talk about taking months before taking each section. However, a lot of the people I talk to irl say they took all 4 sections in about a month or two, and had a relatively stressless time throughout the process.

    Are these individuals that I'm hearing from just a one-off occurence? Or is this sub not as representative of the population as I am led to believe?

    I'm a student who passes these classes without too much difficulty. About to graduate next december with 150. However, I feel fucking retarded when I actually look at any of the material, because I dunno how I got this far without learning anything.

    submitted by /u/Tuesday
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    Do you guys collect any sort of accounting related memorabilia? I have been watching a lot of pawnstar lately, and probably going collect a enron/worldcom stock certificate or atleast one of those green accountant caps.

    Posted: 01 Jan 2018 06:53 PM PST

    Where does the old-timey image of a bookkeeper wearing a visor come from?

    Posted: 01 Jan 2018 02:57 PM PST

    Have you or do you know anyone that gotten an Accounting job just by applying without networking?

    Posted: 01 Jan 2018 01:59 PM PST

    From what I read here, networking is pivotal in finding a job. I feel like applying on the website is just a formality and people just take on who they know.

    submitted by /u/nerdywiththeword
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    What are some of your favorite podcasts to listen to during busy season?

    Posted: 01 Jan 2018 01:51 PM PST

    For those lucky enough to be on an engagement where the partner/manager lets you use ear buds, what do you listen to?

    submitted by /u/baconb1te
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    Anyone recommend good noise-canceling headphones that don't take up a lot of room in a bag?

    Posted: 01 Jan 2018 12:50 PM PST

    I like my coworkers and all...but you know...

    submitted by /u/OriginalMaker
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    Ready for busy season?

    Posted: 01 Jan 2018 09:06 PM PST

    Long time vet in the realm. Ask anything....

    submitted by /u/b3staut1or0fa11time
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    [Serious] Why is there so much negativity around gig out there

    Posted: 01 Jan 2018 05:16 PM PST

    Be it public accounting, industry, government, entrepreneurship or anything in between - why are there so many negative comments no matter what you're trying to research about?

    submitted by /u/whatthefluckman
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    Upcoming Big 4 interview, how to not seem like a weirdo?

    Posted: 01 Jan 2018 08:56 PM PST

    Hi r/accounting!

    Just got through the online tests for Deloitte, so I'll be doing their assessment day next week, and I'll have several interviews with some managers I believe. I'm hoping to get into tax.

    Quite nervous, I must say. I've been reading their website and trying to construct my answers that they reflect my understanding of their company values. I'm kind of learning my answers by "rote memory" and I think it's showing by how rigid my answers would sound..

    So, would there be any good questions that I could ask them while I'm there to make it look like I'm interested? For example, do I show my business awareness, asking them for their views on the current business situation, such as the tax reforms by the Trump administration?

    Or would I ask stuff that I might be doing when starting out - about how I'll meet up with all these different clients and gain exposure to all kinds of different industries?

    Or perhaps just something simple, like how was your day, weather, etc?

    submitted by /u/theunemployer
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    How do you separate capital gains from gambling winnings? [US]

    Posted: 01 Jan 2018 09:10 AM PST

    This doesn't apply to me, at the moment anyway, but as someone who's taken a fair amount of accounting courses and studied quite a bit about taxes I'm interested in the answer.

    Say I buy one Bitcoin for $5,000. I then wager that Bitcoin (still denominated in Bitcoin). A year later it pays out 3 Bitcoin, worth $60,000.

    How much of that income is capital gains and how much is gambling income?

    submitted by /u/CWSwapigans
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    Long term gains tax question

    Posted: 01 Jan 2018 08:24 PM PST

    Say I buy a stock, the value of the stock goes up, and I hold onto it for more than a year. If I buy more shares in the stock, and then sell all of my shares a month later, are they considered short term gains or long term gains?

    submitted by /u/Anadis
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    Would you recommend reviewing anything before taking Intermediate Accounting II?

    Posted: 01 Jan 2018 03:00 PM PST

    I have three weeks left of winter break before the spring semester starts. Would it be helpful to review anything from principles of accounting liabilities, bonds, etc?

    submitted by /u/freedybox
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    Tech in Practices

    Posted: 01 Jan 2018 05:27 PM PST

    Just curious what tech firms are using these days. And I'm not talking about caseware or tax prep, but other software or even gadgets that have helped with productivity and keeping things paperless.

    submitted by /u/ashley_mac3
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    Exit Ops for Tax?

    Posted: 01 Jan 2018 10:50 AM PST

    I currently work at a Big Four Firm in NYC in Alternative Investment Tax. I have worked at the firm for a year and have received my license. After working at the firm for a year I have realized that I am much more interested in non-tax specific Advisory or Valuation type roles. Are switches to these types of roles possible?

    submitted by /u/MrSmith2499
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    want to move to Canada, should I bother with US cpa?

    Posted: 01 Jan 2018 10:49 AM PST

    I will be getting my 150 credits upon graduation and was wondering if I should waste my time and money to become a US CPA if I intend to move to Canada.

    Will employers recognize it at all or will it be totally useless?

    Will I have to start over?

    submitted by /u/skylineaptitude
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    CPA Exam Changes

    Posted: 01 Jan 2018 09:14 PM PST

    Hi, I'm studying for the CPA Exam with old Becker materials and would like to know where I could find the official changes for the exam within the last 3 years. I found some sources online but they don't specifically mention the material that is being thrown out. I also have the most recent changes, found from the AICPA website, so my interest is more in line with 2015,2016, and 2017 changes. Thanks!

    submitted by /u/ineeedajob
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    What kind of mindset do I need to succeed in my Accounting classes?

    Posted: 01 Jan 2018 09:00 PM PST

    There are a surprisingly large number of students that don't do well in their Accounting classes. I am aiming to hone my mental discipline by being more motivated and through meditation.

    submitted by /u/nerdywiththeword
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    Expectation first day as intern at Big 4

    Posted: 01 Jan 2018 05:12 PM PST

    Hi! I am starting full time at a Big 4 as an intern. I was wondering what I should expect on day 1 and if you guys had any tips/advice for me.

    Thanks!

    submitted by /u/Guertz
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    What kind of jobs did you guys work in High School before you started working as an accountant?

    Posted: 01 Jan 2018 02:32 PM PST

    Curious to see if anybody worked jobs/internships similiar to their type of work they are doing now. Currently a highschool senior.

    submitted by /u/HazardOfEden
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    Jobs that look bad for a future in accounting?

    Posted: 01 Jan 2018 01:38 AM PST

    In my final year at University for a degree in accounting. I recently took a job over the holidays at an understaffed Dominos as a delivery driver (no shame, got bills to pay, jobs a job and money is money. I aint too good for shit.). I've been working 55-60 hours a week, staying til 3-4am closing.

    We recently lost our assistant manager, and I was talking to our General Manager about things on the office wall such as food variance, labor variance, and asked about seeing the backend of the POS system/reports on delivery times and such. Learned GM is paid salary with bonuses depending on those numbers, I mentioned a lot of my schooling involves numbers like these and that I have a background doing inventory management and data analyst type work.

    Long story short, got offered assistant manager position while I've been applying to CPA firms as tax season help, signing up at temp agencies etc. I think it's a great way to learn the business side of things on a face-to-face level but I'm afraid of some sort of "stigma" for working at a pizza place? I don't know, someone tell me I'm retarded please. The downside of taking the position is changing my school schedule that begins late Jan. Right now it leaves 8am-5pm open in hopes of finding an office type job, whereas accepting the position means stacking my classes in 2-3 days of the week from morning to night while leaving entire days open to work open to close. Which eliminates being available for 8-5 jobs.

    Anyway its late, happy new years, hope to hear from some of you experienced folk.

    submitted by /u/wradstrong
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