Accounting When your manager walks by and you’ve been doing jack shit |
- When your manager walks by and you’ve been doing jack shit
- NERD ALERT! I created an Xbox club for accountants and Finance professionals
- Where do you bros shop for clothes?
- [AUS] Suggestions for setting up an accounting practice
- In general, what steps would one take to become a CFO?
- Quitting After 4 Months
- Does all net income that doesn’t get paid out as a dividend add to a company’s equity?
- How important is your attire to getting the job?
- Do Big 4 employees tend to have type A personalities?
- Started a small eBay business in the second half of 2017 & attempting to pay my sales tax to the state of MA. Does this screenshot look right?
- Do i receive Tax Forms as a 16 year old?
- For California CPA requirements you can take the CPA exam once you get your bachelor's degree as long as you fulfill the required courses, right?
- How bad is Accounting really?
- What to do after accounting undergrad?
- All I have to do is just add these to the cart and click buy?
- Finance leadership development program interview time frames
- First B4 Busy Season, how to study for REG?
- Moving from regional transaction advisory (FDD) to Big 4?
- What should I be doing to make myself an ideal applicant for an Accounting job after graduation.
- Hey, is the university of phoenix a good place to get an accounting degree
- Treatment of withheld tax from foreign derived income
- CPA Expiration Question (Illinois)
- Cpa prerequisite courses canada
- Do I get a salary bump with a Masters of Tax degree when starting at a B4?
| When your manager walks by and you’ve been doing jack shit Posted: 06 Jan 2018 12:59 PM PST
 | ||
| NERD ALERT! I created an Xbox club for accountants and Finance professionals Posted: 06 Jan 2018 07:37 PM PST This is among one of the nerdiest things I've done, but I don't really care. I created an Xbox club called "Finance Professionals". I'll post accounting updates from time to time, but just wanted play some video games with people who have a similar background. It would be cool to get a bunch of us on there from around the nation. [link] [comments]  | ||
| Where do you bros shop for clothes? Posted: 06 Jan 2018 12:58 PM PST Its 2018 its time upgrade the wardrobe. 50% of my current wardrobe is from J.Crew. Also, if anyone has found the secret no iron needed shirts let me know. [link] [comments]  | ||
| [AUS] Suggestions for setting up an accounting practice Posted: 06 Jan 2018 09:55 PM PST Recently I've been speaking with accountants moving from larger firms to launch their own accounting practice. The common concern they've raised with me in these conversations is – where will I find my first client? Here are a few elements I suggest they consider when thinking about who their client will be: WHAT INDUSTRY WOULD YOU LIKE TO WORK IN? What type of clients give you energy, and will keep you interested and focused. Life in your accounting practice will be so much more enjoyable if you are working with clients you want to work with. Once you identify an area, I suggest you further refine it. So if you liked animals, perhaps you could focus on being a veterinary accountant. According to the Australian Veterinary Workforce Survey 2016, there are 11,418 registered veterinarians in Australia. You only need a small portion of that market to run a thriving accounting practice. WHERE WILL YOUR CLIENTS BE LOCATED? Your clients don't need to be in your local area. I've set up and supported a dozen businesses over the years for a client, who until recently, I'd never spoken to or met. Cloud accounting enables us to work with people across Australia and beyond. While the tax is specific to jurisdictions, accounting is an international language. Depending on what services you're planning on offering, you may be open to working with a global client base – insurances permitting! HOW MANY CLIENTS DO YOU REALLY NEED? Let's say you are planning to work a 38-hour week. You could see one client for 38 hours per week, which would be equivalent to a job – so pointless! Break the 38 hours in half, and you could see two clients for 19 hours a week. Split it up further, and you could work with 5 clients for 7.6 hours per week. It comes back to what services you can offer them and how much support they need. Many small businesses can't justify a full-time accountant, but they would benefit from regular accounting and business advisory support. I think contemplating finding five clients, is a lot less daunting a prospect than trying to find dozens of new clients at the commencement of your business. Of course, if you are the boss and running your own show – you can mix it up a bit – maybe Monday and Tuesday are full day clients, while Wednesday and Thursday you consult with multiple clients and Friday is "beach day" with a bit of admin thrown in. Also, it may dawn on you that you don't need to work a regimented 38-hour week…. HOW WILL YOUR CLIENTS PAY YOU? Money of course! What a silly question! Yes, in most instances it will be money, and when ruminating over your ideal client, "can they afford to pay you" needs to be a factor you consider. However, there are clients you want to help, but, clearly, they don't have the money to pay you. I've seen this situation navigated in a few ways. I've seen tech start-ups offer equity, and businesses offer Brisbane CBD rental space. I've even heard of clients swapping services in exchange for access to holiday homes on Stradbroke Island! It's worth keeping track of potential grants clients can access to help them pay for your services. You can search for Australian government grants here: www.business.gov.au/assistance. Sometimes applying for a grant is far more effort than it is worth – however, I have benefited from some sizeable projects run off the back of a grant application. Once you get in the rhythm of applying for them, they can become bearable. WHAT SERVICES DO YOU WANT TO OFFER CLIENTS? I recently visited Williamstown, Melbourne, Victoria and because I'm an exciting person, I took photos of all the accounting practice signs. You know what? They all offered the exact same standard services except for this one guy who offered 'Tradesman Bookkeeping Training'. The general public assumes accountants offer the same services. So you can either play that game or the services you want to offer and refer work to fellow colleagues or explore outsourcing or offshoring options. It's completely understandable that during the early days of running a practice, you're constantly worried where the next client will come from, or how the overheads are to be paid. However, you'd encourage your own clients to outline their plans at each important stage. It's sage advice – that you should take yourself. Think about what the perfect week for your accountancy practice could look like. Talk to other accountants who are in the early stages of their business, about how they are navigating their client base. It's important to recognise that you do not need to replicate a mini version of the corporate existence that you came from or that you are familiar with. This is your venture, and you have the ability to define what you want for your own practice. [link] [comments]  | ||
| In general, what steps would one take to become a CFO? Posted: 06 Jan 2018 04:26 PM PST | ||
| Posted: 06 Jan 2018 04:25 PM PST What do you guys thing about quitting after 4 months? I've been in PA for 3 1/2 years (mostly with B4). Decided I wanted a change and took a job at another firm with big promises. I already dread going to work everyday. I am already working late nights and on the weekends and I am a little annoyed that I am preparing returns from scratch again. They thought it would be a good idea for me to prepare a few returns since they want to concentrate me in a new industry I haven't worked in. I was OK with preparing the first return as it gave me an opportunity to learn their systems, but the reality was the tax software wasn't that much different and I figured it out pretty easily. In addition, there was nothing spectacular about the industry that I found that difficult. This is a regional firm that has a lot of smaller mid-market companies. The return was much simpler than most of the things I worked on in B4. It literally took me a couple of hours to complete the return. Still they scheduled me as the preparer for more returns during busy season. I've been a first reviewer for 1 1/2 years and I feel like this is a step back in my career. I've been offered a tax manager/director position for a small company, but it has been around for 60 years. It is slightly more money, but not a ton. I did get a bump when I switched firms, so it is probably in line with what most people get when jumping to industry. I might could hold out and get paid 10% or so more at a larger company. I will be their only tax guy. I will be preparing, signing, advising, planning, and etc. However, they told me flat out it is a 9-5 gig and overtime would not be necessary. However, I do dread going in there and telling them I am quitting and it has only been four months and I would be leaving in January. [link] [comments]  | ||
| Does all net income that doesn’t get paid out as a dividend add to a company’s equity? Posted: 06 Jan 2018 06:18 AM PST I used to think that 100% of a company's net income would either get paid out as dividends or add to a company's retained earnings but I've realized that, in a lot of cases, some of a company's net income just seems to disappear. Where does this additional net income go? Berkshire: 2015 book value per share: 100.72, 2015 EPS: 9.77 2016 book value per share: 109.17 Since Berkshire pays no dividends, shouldn't their 2016 BV per share be 2015 BV per share + 2015 EPS? Where did the extra $1.32 go (100.72 + 9.77 = 110.49, 110.49 - 109.17 = 1.32)? Alphabet: 2015 book value per share: 22.84, 2015 EPS: 169.12 (22.84 + 169.12 = 191.96) 2016 book value per share: 193.99 Apple: 2015 book value per share: 22.53, 2015 EPS: 9.22, Dividends: 1.98 (22.53 + 9.22 - 1.98) = 29.77) 2016 book value per share: 23.71 (huge difference there) and sometimes I see it happening in the opposite direction: Alphabet: 2014 book value per share: 20.57, 2014 EPS: 145.08 (20.57 + 145.08 = 165.65) 2015 book value per share: 169.12 To be honest, I've never seen a company's book value for the year be the sum of the last year's book value and the last year's EPS. I really don't understand it. [link] [comments]  | ||
| How important is your attire to getting the job? Posted: 06 Jan 2018 07:53 PM PST This is for the UK by the way. You see on websites like wallstreetoasis people are sweating over the tiniest things. Beard = instant rejection. Wrong colour tie, shoes, shirt = instant rejection. Too lavish? Rejection. Too cheap? Rejection. But to be fair with such insanely competitive application ratios for banking in wall street who can blame them for looking at the smaller things. But will something like wearing brown shoes to an interview instead of black or having a beard stop me getting into the big 4? How important do you think what you wear is to getting the job, and how important is it afterwards. If you've got this far then thanks for reading! [link] [comments]  | ||
| Do Big 4 employees tend to have type A personalities? Posted: 06 Jan 2018 09:59 PM PST | ||
| Posted: 06 Jan 2018 09:35 PM PST Basically I had gross sales of $34,003.11. Of that number, a total of $33,352.18 consisted of sales NOT within Massachusetts (where I have nexus only). The total sales tax it is saying I owe is about .20 cents more than from my paypal activity reports show, which I don't really care about. Before I proceed and submit this, does this look accurate? Thanks [link] [comments]  | ||
| Do i receive Tax Forms as a 16 year old? Posted: 06 Jan 2018 09:33 PM PST Hi, I was wondering if I'm eligible to receive a 1099 tax form from PayPal if i use my mother's account to do transactions on eBay, StockX (sneaker and clothing marketplace, and other marketplaces that allow me to sell clothes and shoes. I've made $10-20k in the past three months of me reselling these products, but only about half have been in online sales. I know about the $20k threshold I'm just curious if my mom can write the taxes off since I'm the one controlling these sales and I'm under eighteen. Thanks! [link] [comments]  | ||
| Posted: 06 Jan 2018 02:49 PM PST I think to get licensed you need 150? Does that mean I can start studying for the CPA once I finish my bachelors rather than finishing 150 units? [link] [comments]  | ||
| Posted: 06 Jan 2018 08:30 PM PST I'm a junior majoring in Accounting and I changed my major from Finance to Accounting because the consistent salary and ability to get hired seemed nice to me. I'm just worried though, I like budgeting and organization but I'm not much of a person that loved math to death growing up. I feel like I'm gonna get out and hate my job, but I don't want to switch majors because I think I might end up having a tougher time getting hired. If I get out and hate just punching numbers, is it possible for me to do other things with my accounting degree rather than being an accountant? Has anyone else been in my shoes? how tough is the CPA exam? And those of you with jobs in accounting, do you enjoy it or do you have any regrets? Thank you for your time, I know these are a lot of questions to ask. [link] [comments]  | ||
| What to do after accounting undergrad? Posted: 06 Jan 2018 08:54 AM PST Currently a year away from graduating undergrad in accounting. I enjoy accounting but am not sure its what I want to do with my career. I feel I have a lot of other directions I want to look into and possibly get my career in. Im extremely confused/lost on what my next steps should be. I've done research on the topic and can't seem to decide what to do after I graduate. I'm not sure whether to go ahead and take the extra year for my masters and then CPA even though I have no idea whether its what I want to do with my life... Or if I should just graduate with my undergrad and work for a while in whatever jobs I can find before going into masters. [link] [comments]  | ||
| All I have to do is just add these to the cart and click buy? Posted: 06 Jan 2018 07:18 PM PST I recently accepted a full time auditor position at local firm and I found they are listed as a partner firm on Becker's website. When I go to the purchase products screen after logging in as an employee at said listed firm I found that it appears to be free as compared to not logged in - see here. My question is two-fold, does clicking purchase then require any proof of my employer (hasn't so far) and second, since I don't start until the 15th would it be inappropriate to take advantage of this now so I can get going on my CPA? [link] [comments]  | ||
| Finance leadership development program interview time frames Posted: 06 Jan 2018 06:53 PM PST Typically when are the interviews for these? I'm scanning to find some openings for them now and in some cases the applications opened in August. Is it worth bothering with those instances? [link] [comments]  | ||
| First B4 Busy Season, how to study for REG? Posted: 06 Jan 2018 05:36 AM PST I know that there are good bit of threads on this subject, but I just wanted some responses based on what I'm planning to do. I'm in B4 audit and assigned to one major client through busy season. My seniors say that once we file, we won't be working the full out busy season hours maybe until 7:30-8:00 (which is how long we've been working every night since I started in August lol). Just wanted to see if you guys think it's possible to knock out about a chapter per week for REG and take it at the beginning of Q2? I plan on studying every other day for a couple of hours to give myself a chance to get a little sleep. I study during the morning so I think it can be done, but I've gotten a lot of different answers when I talk to other people at my firm. I study using Becker by listening to the lectures and doing multiple choice (skip the skills practice and save the sims for my review). I just want to try and maintain the momentum I've gained studying (passed FAR in Q3 and taking BEC tomorrow (hopefully I'm able to pass) and get some studying done during busy season. Any help/advice would be greatly appreciated. Sorry for the long post! [link] [comments]  | ||
| Moving from regional transaction advisory (FDD) to Big 4? Posted: 06 Jan 2018 02:22 PM PST How difficult is it to transfer from a regional FDD role to a B4 FDD role? The general consensus seems to be that B4 transaction advisory is very difficult to enter into straight from college without a couple years of audit + an internal transfer/lateral move and even then it's not a guarantee. How much would this equation change if you were able to get some FDD experience? Let's say an internship plus 2 years of audit/FDD experience? The internship (and hopefully full-time position) at my regional firm entails working on both audit as well as M&A financial due diligence for buy/sell side. [link] [comments]  | ||
| What should I be doing to make myself an ideal applicant for an Accounting job after graduation. Posted: 06 Jan 2018 05:36 PM PST Since I am completely new to this field, what are the best extra-curricular, professional, and volunteer activities I should be doing to become the ideal applicant? How do you obtain accounting experience if even bookkeeping titles require 5 years of experience I dont have, Im a sophmore who will graduate in 2020, going to a small, non-prestigious public University in Florida. [link] [comments]  | ||
| Hey, is the university of phoenix a good place to get an accounting degree Posted: 06 Jan 2018 05:27 PM PST | ||
| Treatment of withheld tax from foreign derived income Posted: 06 Jan 2018 05:09 PM PST Struggling to find the appropriate guidance on this, so would appreciate the advice of this sub. We are a US based company, with two customers in a foreign country that requires the customer to withhold 10% tax on payment of their invoices. This is then remitted to their government. I am trying to ascertain if the appropriate treatment for this is to reduce the rev rec across the contract term, or keep the original rev rec schedule and take the 10% tax as an expense in the period in which the customer pays the invoice. If anyone could point me to the GAAP codification on this it would be much appreciated. [link] [comments]  | ||
| CPA Expiration Question (Illinois) Posted: 06 Jan 2018 02:09 PM PST Sorry if this is obvious, but I just want to make sure there is no confusion on my end where I end up having one of my CPA parts expire. Once I pass all 4 exams, they'll never expire or will they never expire if I pass the 4 exams + the ethics exam? Also no one on my team is CPA so no one can document my work for getting my license. Will I need to move to another team/company with a CPA to document my work and will my parts expire at all? Just trying to make sure my understand of the below is correct. https://www.ilboe.org/certification/uniform-cpa-exam/ [link] [comments]  | ||
| Cpa prerequisite courses canada Posted: 06 Jan 2018 09:59 AM PST Hi , i am currently a 3rd business administration student majoring in accounting. My University doesn't offer any tax/audit/assurance courses.i was wondering if I could take them else where preferably online? I have an easy schedule this semester and can probably take an additional course or two. I don't really want to wait until after I graduate. I don't mind taking it in the summer either. I read about athabasca's online courses but they're not on the approved Universities on the cpa website. Thank you for your help. [link] [comments]  | ||
| Do I get a salary bump with a Masters of Tax degree when starting at a B4? Posted: 06 Jan 2018 01:33 PM PST I'm a Masters of Tax student, and I've accepted a position with a Big 4 firm in tax in a major city. I was offered the same starting base salary as all the other interns, even though they were not going to get their Masters of Tax. A couple students have said that B4 firms in major cities often increase the base salary of MT students by $10,000. Would anyone be able to confirm if this is true or not? I do plan on reaching out to my recruiter, but figured I would ask you fine folks first before I make a greedy jackass of myself. Thanks bunches xoxo. [link] [comments]  |
![[link]](https://i.redd.it/2o1jy1d7hi801.jpg){kind=link}
| You are subscribed to email updates from Accounting. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment