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    Thursday, January 25, 2018

    Accounting MRW I have to tell my client that's illegal

    Accounting MRW I have to tell my client that's illegal


    MRW I have to tell my client that's illegal

    Posted: 25 Jan 2018 08:27 PM PST

    Are there any public accountants out there who actually like their job?

    Posted: 25 Jan 2018 11:32 AM PST

    Because I'm in school now and getting close to sitting for for the CPA, but this sub is making me nervous.... I get that it's probably not "fun", but I'm the kind of person who gets a lot of satisfaction out of putting things together, solving puzzles, etc, so I thought this career would be a good fit. Is it truly miserable though?

    submitted by /u/junie_bee_sea
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    Invited to come to office tomorrow. I am happy and so nervous

    Posted: 25 Jan 2018 06:36 PM PST

    Hey guys, I am a college junior with accounting major. Recently, I have applied for an intern position at the company's accounting department. I had a phone interview few days ago, and it went well, I believe so. So today, the director of dept. sent me an email asking me to come over to talk with staffs at her department. I was jumping in my seat when I read that email. She will not be there, so I will be with the staffs. Could you guys tell me what should I expect at the office tomorrow?

    submitted by /u/mnn69
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    Q1 REG last day of cram review advice!

    Posted: 25 Jan 2018 07:16 PM PST

    Anyone who has taken REG in Q1 want to give me suggestions on what to (or not to) spend my last hours brushing up on?

    Got a 73 last quarter, really trying to avoid a repeat.

    Edit: I take this Saturday (27th) afternoon!

    submitted by /u/HungryAccountant
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    Morale/Cultural Change in Public

    Posted: 25 Jan 2018 01:21 PM PST

    There has been a tremendous amount of turnover at our firm this past year, and it is starting to wear on everyone that remains here.

    The current seniors feel overwhelmed, the staff feel overwhelmed and incompetent, and no one feels appreciated. Management is delusional, and refuses to acknowledge that there is a problem with how things are run. The Partners are .... psychotic, and refuse to even acknowledge the situation.

    What sort of delusional reality is this? How can I improve the morale of my department (audit) and still make it out of this experience unscathed?

    Edit: Has anyone had a similar experience? If so, how did the situation end up and what advice would you give in this situation? For a reference, I have been at the firm for less than one year.

    Thank you in advance for the responses and advice, I simply care about the people I work with!

    submitted by /u/Drowning__Fish
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    Managerial Accounting: How do I calculate variable cost per unit etc, in this problem?

    Posted: 25 Jan 2018 07:16 PM PST

    Hi, I'm sorry to bother, but I'm having trouble figuring out how to make the calculations in a homework assignment. I understand what the question is asking but I don't quite understand how to calculate it. Any help is much appreciated. https://puu.sh/z9Oau/b653991a6f.png

    submitted by /u/jd2456
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    I'm really enjoying managerial accounting, what are my options?

    Posted: 25 Jan 2018 11:44 AM PST

    Like I said in the title I am really enjoy managerial. I enjoy working with costs and how much it costs to do whatever it is. Financial wasn't bad but I couldn't help but think "What the hell do all these numbers mean". I feel like with the material I'm working with now, it actually means something. I haven't take Cost accounting yet so it might change eventually, but I want to do something in managerial/Cost. I'm not sure if I could get hired right out of college working in this field but I'd be willing to put in a few years in another industry position to gain experience. I'm not really interested in going into Public accounting since that goes back on the feeling of "What the hell do all these numbers mean". That feeling may change when I start Int. 1 & 2 though.

    To break my questions down into a few sentences.

    Is there a lot of opportunities/demand in Cost/Managerial Accounting? I have searched Glassdoor for my local area and the results were rather bleak.

    If I wanted to work my way up to let's say Plant Controller, how would my career progression look starting from entry level?

    What about certifications? CMA or CPA?

    submitted by /u/RedneckWilly
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    Lease Accounting Question

    Posted: 25 Jan 2018 11:38 AM PST

    So my client is the lessor in this situation.

    They give tenant allowances, which are capitalized to fixed assets. We noticed they capitalize these allowances before they even pay them out though. So basically once there is an agreement for an allowance amount either in the lease agreement or some other agreement, then they capitalize this amount to a fixed asset account.

    Is this allowed? To capitalize the amount prior to actually paying? I was looking through the guidance but wanted to also ask here to see your thoughts. Please reference guidance if you can too! (US GAAP)

    Thanks

    submitted by /u/TyDollaSign2
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    Career Advice

    Posted: 25 Jan 2018 07:06 PM PST

    I'm currently working for a small firm and was wondering how much it is going to limit my career going forward. I mainly use quick books to perform reconciliations of balance sheet accounts, setting up new clients/creating chart of accounts and creating processing instructions for these clients for new staff coming in. I also prepare forecasts/projections, prepare small business tax returns and prepare monthly compilations. I also review other staff member's work, before pushing it to the partners.

    How limiting will this job be for me going forward? I have a couple years of small firm audit experience under my belt and my CPA. I moved to this job, because there was no overtime and the job paid more.

    submitted by /u/careerthrowaway76
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    Accounting II Teacher (High School) is encouraged us to get Quick Books certified at the end of the semester. Is this somthing that I could take advantage of to put on a resume or use in the future?

    Posted: 25 Jan 2018 11:04 AM PST

    Just got accepted to Poole School of Management at NC State on Monday. All I have left to hear from is Wake Forest but more than likely they won't offer enough financial aid and I will be at the school I have dreamed of going to my entire life. Our teacher told us this on Day 1 as many people in our class would be working for a small business or owning one themselves. He founded a small business that turned into a much, much larger business and suggested it is the one thing people should learn. I plan on a double major in accounting and finance so I feel I would be getting this information anyway in the future.

    I have no intention of going into entrepreneurship (ironic because I am typing this up in entrepreneurship, it was the last buisness class my school offers). I have my certification in Excel, Excel Expert, Word, PowerPoint and Access. I probably will take it, but is this somthing I should put a large amount of time into studying for? I have a lot on my plate untill I graduate (username relevant) and am wondering if this is an opportunity I should take advantage of or one that in the end won't be as important.

    submitted by /u/DECAThomas
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    Tax Accounting without having taken Tax course?

    Posted: 25 Jan 2018 03:55 PM PST

    Hi all, small dilemma.

    Summer internship coming up, I can pick between risk consulting (which I've heard is basically audit) or tax. I am leaning toward tax, but I have not taken a tax course yet as my accounting program has tax the year after.

    Do you think I should still go for tax, or will this lack of course work mean I will be too far behind and show up on the first day with no clue what I'm doing?

    submitted by /u/pee_nut_butter
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    Best way to get a corporate job?

    Posted: 25 Jan 2018 01:06 PM PST

    So a few months ago I was working in a small cpa firm (5 people), but I got laid off (they didn't really have a lot of work for me to do outside of Feb-April.

    Everywhere I look it seems like people are working in big companies (Johnson and Johnson, Yelp, Nickelodeon, Wakefern, etc.) How do people find jobs with these companies? Whenever I go on to indeed or monster or anything like those I never see this huge companies with positions available.

    Does anyone know the best way to find these, I am located in NJ so NYC or NJ should have a ton of these.

    Thanks in advance

    submitted by /u/mbash22
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    So I just an offer from a Big 4 but...

    Posted: 25 Jan 2018 01:55 PM PST

    I just got a call from a Big 4 offering me a position for their Assurance program. I'm rather excited except for the fact that I'm not quite yet eligible for the CPA since I'm messing a few course requirements. Will this affect my offer if I were to begin the CPA later than offers so I can finish up these requirements?

    My plan is to take the classes right now before September (start date). I am just asking on the off chance that I don't finish all the courses in time.

    submitted by /u/TehSpringRoll
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    Which state to live in between CA and MD for income tax?

    Posted: 25 Jan 2018 05:32 PM PST

    I just got a job that allows me to work remote. The company is based in California. I can live in California (to be close to family) or Maryland (where boyfriend currently works)...where should I live to be most tax advantageous? If it matters, salary is about 130k per year. Not very stable though, as it's freelance. Thanks!

    submitted by /u/scoobies_kill_edward
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    EY 2018 Tax Midwest Start Dates?

    Posted: 25 Jan 2018 01:44 PM PST

    I'm planning a trip abroad but I haven't heard anything back from recruiters about when we're starting. My offer letter says "Summer or Fall of 2018," and I've heard July 10th, but I don't really know if that is true.

    submitted by /u/IH8Public
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    Plan on taking GMAT this summer or fall.

    Posted: 25 Jan 2018 05:29 PM PST

    Any good study recommendations? Books? Courses? I don't even know what the hell is on the GMAT.

    submitted by /u/OffshoreDay
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    Did I cause myself to get screwed with salary?

    Posted: 25 Jan 2018 09:03 PM PST

    What would you expect an Accountant I to know when you hire them?

    Posted: 25 Jan 2018 10:07 AM PST

    Just wondering if anyone can give me some insight on some things you would expect an Accountant I to know right off the bat for accounting, or any general knowledge for the position. Tried poking around for answers online but just wondering if anyone on here can give a better explanation other than (accounting basics). Thanks

    submitted by /u/Spliffington93
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    During your respective busy season, how many hours a day do you work?

    Posted: 25 Jan 2018 06:09 AM PST

    Just trying to start a discussion - how many hours a day do you work? Do you take time to relax for a few minutes between tasks? How many billable/nonbillable hours?

    submitted by /u/The_Judge_Is_FreeMan
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    [CAN] Has anyone chosen TAX as the role for the CFE?

    Posted: 25 Jan 2018 08:55 AM PST

    I'm starting Capstone 1 in the spring and will need to choose my CFE role when I register. I am debating between Tax and Assurance. I know most people choose assurance, but I wanted to hear from those who chose (or seriously considered) Tax instead, and why you did or didn't choose it, and what your experience was.

    Reasons I am considering Tax:

    • I don't work in public and don't really have any future plans to do so

    • I got distinction in the tax elective

    • I did OK but not great in the Assurance elective

    • I feel like tax is more concrete - that is to say, I know how to study for tax, and I know the amount of work I put in is a direct correlation to how well I can do. With Assurance, I feel like I don't really know how to study for it. It feels sort of ambiguous and it isn't intuitive to me. I'm worried about being able to show the appropriate depth.

    Reasons I am nervous about choosing Tax:

    • It requires a LOT of time for me to study properly and feel reasonably confident in

    • Assurance ties in well with FR so it may be more efficient to study technical this way.

    Appreciate anyone sharing their thought process or experiences!

    submitted by /u/eroonm
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    How Often do Clients Poach their Auditors from the firm?

    Posted: 25 Jan 2018 12:07 PM PST

    Thinking about moving to a big 4 role i am currently manager of planning dept in one of the biggest electronic company

    Posted: 25 Jan 2018 07:36 PM PST

    What do you guys think about moving to a big 4 as an experienced associate after spending 6 years of industry experience and at a manager role in a finance/planning dept at one of the top electronic companies in the world? Do you think its worth it? Any redditers out there who went through such experience? Is it worth it? what do you think?

    submitted by /u/ericohcpa
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    [Question] Turbotax vs. CPA

    Posted: 25 Jan 2018 07:14 PM PST

    Is it worth hiring a CPA/Tax Attorney/Specialist to do your taxes if you only have one employer and can just fill out something like Turbotax? As an Accounting major with a normal office job filing as single, one W2, no capital gains, etc. can a CPA actually find more money than they charge? I realize the amount of variables but let's just say a low-mid income worker is debating filing their own taxes or finding someone who specializes in it. Are there material time/monetary differences between the two worth discussing?

    submitted by /u/zgraening
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