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    Saturday, March 10, 2018

    Home Unlabelled Accounting Got banned from LSC :(

    Accounting Got banned from LSC :(

    March 10, 2018

    Accounting Got banned from LSC :(

    Got banned from LSC :(

    Posted: 10 Mar 2018 11:56 AM PST

    MRW I open a client's K-1 and it's 5000 pages long

    Posted: 10 Mar 2018 06:57 PM PST

    Got a job!!!

    Posted: 10 Mar 2018 03:58 PM PST

    I got a job that will work around my school schedule in an industry I'm actually interested in! I've worked in retail and hospitality all through college so I'm pretty excited. That is all!

    submitted by /u/willowroni
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    My reaction after working an 80 hour week and the intern shakes my hand before going home for the weekend.

    Posted: 10 Mar 2018 10:36 AM PST

    Me all of busy season as a first year

    Posted: 10 Mar 2018 02:53 AM PST

    When a client's TB categorizes travel and entertainment together

    Posted: 10 Mar 2018 08:38 AM PST

    Firm is Calling Busy Season "Opportunity Season" Now - RANT

    Posted: 10 Mar 2018 09:11 AM PST

    Instead of it being busy season this is opportunity season to provide great client service and anticipate our clients' needs.

    I hate the boomer generation for shit like this. They are so disingenuous. They constantly think they can put lipstick on a pig and make wine out of water and millennials wont notice. I'm sorry but buzz words, mission statements, and logos do not make good firms, do not provide good client service, and do not make employees happy.

    Treat your employees well, pay them fairly, and make them want to work for your firm and they will want to do a good job. They will want the firm to succeed. They will provide excellent client service and everything else will fall in line.

    I think boomers should just go away at this point. I have always felt they are the worst most selfish generation in American history. We are trillions in debt, in countless pointless wars, social security is going bankrupt, and they have sold the futures of the children to enjoy their lives.

    Yet they blame millennials for all of life's ills. Forgetting all the shit they did in the 60s and 70s.

    I hate boomers I truly hate boomers.

    submitted by /u/RevolutionaryPause
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    First weeknight off during busy season.

    Posted: 10 Mar 2018 10:14 AM PST

    Me when I meet an intern for the first time

    Posted: 10 Mar 2018 02:10 PM PST

    Are there international opportunities for CPAs?

    Posted: 10 Mar 2018 02:43 PM PST

    My husband has expressed his desire to move back to his homeland in the UK. He feels strongly about leaving the US and wants to be near his family. I am finishing up my BS in Accounting and have interned 4 busy seasons in tax. I plan to pursue the CPA exam in the summer after I graduate. If we move to UK will my US education and experience be useless? What options are there for me other than public accounting. Would I have to go back to school in the UK to become a Chartered Accountant? I don't want to start over again. What transferable skills would a CPA have?

    submitted by /u/Pigglewiggy
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    Advice for starting career path in auditing

    Posted: 10 Mar 2018 07:06 PM PST

    A little bit about me: I am 23 years old and graduated last year with a B.S. in Biopsychology. Since graduating, I have been working full-time as an inventory auditor for a major retailer. For work, I cycle count certain categories of our inventory on a daily basis, and I work the variances on the counts which involves me doing a lot of research on inbound/outbound transfers, customer orders, prior inventory adjustments, etc. in order to keep our inventory accurate. I regularly communicate operational issues affecting inventory accuracy, as well as shrink trends with store management.

    So I'm obviously not pursuing anything in my field of study; I love my current job and it has sparked an interest in furthering my career in an auditing role. After doing a lot of research, I am definitely interested in taking the CIA exams. I just purchased a prep book for Part 1 of the CIA exam so I can begin learning the fundamentals of a professional career, but otherwise I am quite lost in deciding on what to do next.

    I will be moving to Seattle, WA in June, and ideally I would like to find an entry level job in some form of internal auditing. I'm really not sure to what extent my current work experience will help me. I'm not doing any financial auditing in my current job and my bachelor's degree is not in accounting, so I'm worried I won't look so favorable to employers. I've seen that the IIA has the Internal Audit Practitioner program for those who are new, but I don't know if that title would help me, or if my current work would count as 6 months of experience in internal auditing required for that title.

    I would love any advice I can get regarding my situation in pursuing this career. I'm very serious about working towards it, and I don't doubt that I'll be able to learn any new job duties very quickly. Just a bit lost on what steps I should take.

    submitted by /u/dsvond
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    IL CPA Scores Have Posted!!!

    Posted: 10 Mar 2018 01:03 PM PST

    I passed my final exam! I'm so pumped right now!

    submitted by /u/uiucrower
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    Cost accounting is fun but financial accounting makes me sad

    Posted: 10 Mar 2018 06:29 PM PST

    How hard is it to get a job as a cost accountant if I just have a bachelors degree from a tiny private school? The degree won't even say accounting, it's just "Bachelors in Business Administration" but I took all accounting classes.

    Also, if I can walk into a really fun A/V job at 65k+ instead is there any point?

    submitted by /u/blazingeye
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    The Salty Moment of Busy Season

    Posted: 10 Mar 2018 10:31 AM PST

    Is waiting for lunch on Saturday. We require sustenance, if we're going to work on Saturday.

    submitted by /u/Throwawaycpa5644
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    Every time I post a journal entry backwards.

    Posted: 10 Mar 2018 09:39 PM PST

    In need of help for intern interviews!

    Posted: 10 Mar 2018 03:29 PM PST

    I've read the guide on the side bar many times and am still going over it. But I just wanted to ask the public about any tips that can help me land the internship. I transferred to my university from community college only a year ago and was not in Beta Alpha Psi. I'm lucky enough to land 3 out of the 4 big 4 interviews, all of the next 3 (BDO,GT,RSM) and many more regional firm interviews. I was really down on myself last semester for not securing a summer internship as I had interviews with only Chevron but I was to completely blame as I didn't put myself out there enough. This time, I joined programs and networked agressively and applied to 18 places and landed interviews with 8 of them so far and am waiting on the invite from another 8 (only 2 firms didn't want to interview me out of the 10 who's selection deadline passed so far).

    I've only had 2 in person interviews ever and did not received offers from them both of them, so i know my interview skills are weak. Yet im a very very personal and outgoing person. The interview is just a whole different world when i step into it. I tend to get nervous, too stern and professional people may say, and for some reason can't carry the conversation at awkward times unlike when i'm speaking outside of the interview. If anyone can share with me their tips or give me advice, It'd be much appreciated! Thank you!

    submitted by /u/bauer95
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    advise me please...

    Posted: 10 Mar 2018 11:36 AM PST

    been working at big 4 for for like 1.5 years now (second busy season), they have me commuting 2-3 hours a day back and forth from my client in working in a small closterphobic room.. i've really just had enough of this job and I don't know what to do, I feel lost with what I want to do and feel like i wasted the last 4 years of my life in a field that i don't want to pursue. i don't really want to go back to school because i need a steady income too.

    9-10/12 and a 2 hour minimum commute.. don't even get time to sleep.. i'm not getting a hotel either, that's what I call full time slavery. work, back to the cell and wake up back to work for 4 months out of the year, no thanks.

    i'm a first gen college grad and did so well all of college and am literally just rotting away at this job, i used to be so fit and active and had an uplifted spirit and now even my friends and family just think i'm depressed all the time. I've applied to other companies for an fP&A role (i worked as an intern at a private company and it was at least bearable for the 8 months i was there) and got denied 2/4 (waiting on response for the other 2).

    we're nearing the end of busy season and I literally can't even open an excel sheet and do what I have to do, i have zero interest or motivation to keep going with this job..

    I understand it sounds like i'm b*tching / being a baby but I'm still pushing through and dealing with it till I can find something better for me so please keep the negativity away

    my dad works self employed in construction and I feel like if I learned from him (i'm pretty well built (well I was before this job)), got my real estate license and tried to create a business out of it I would be successful but there's no like school to learn how to do construction, and he doesn't make much to be able to pay me, we're barely making enough to pay rent where we are.

    i'm not asking for your sympathy, or your "you deserve this because . .. . ", i just am asking for your advice..

    p.s.: "audit is not for everyone" - most annoying and arrogant statement I have ever heard, yeah i'm sure working 80 hours a week making 60k salary is a great thing to do. i've been bouncing through like 4-5 clients so i never even got a full understanding of anything but testing and tying out financials, so that disproves the "you learn alot" part, because i don't know much more than I've learned in college.

    "do what you love" - you ever watch westworld? I've always been good with tech and computers, wish I majored in it and did some sort of computer science so i could work with AI / coding but there's people who have beeen doing that stuff since middle school so I feel like it may be a little hard to compete. either that or just flipping houses with my dad but regardless I have a lot to learn.. please tell me I didn't waste the last 6 years of my life doing accounting/finance... pls

    tl;dr - i'm a prisoner and I can't escape. i don't mind working long hours if i'm properly compensated, but this is just unreal. I have no interest or motivation to continue in this job and I feel like I wasted the last 6 years of my life doing something I will not pursue and need your advice on what to do to move on from here

    submitted by /u/meerupls
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    The journey that just won’t end

    Posted: 10 Mar 2018 11:20 AM PST

    I took my final section of the CPA exam today, REG. I don't know why I'm writing this, maybe just to vent some frustration after what felt like an impossible exam. I studied as hard as I could while working 65-70 hour weeks in busy season because my first section that I passed expires at the end of April. I've felt bad about the other 3 exams that I've when I left, but this one feels different...worse. I have a feeling these next 10 days are going to be some of the slowest of my life until scores get posted.

    submitted by /u/hayzeywayzey
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    Which courses help you prepare for FAR section?

    Posted: 10 Mar 2018 01:31 PM PST

    Is it Intermediate I and II and Advanced Accounting? What else, if any?

    submitted by /u/freedybox
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    Stay in accounting or realize i'm just not cut out for it?

    Posted: 10 Mar 2018 04:39 PM PST

    No flames/making fun of me please.

    I graduated in 2010 with a degree in finance but took a job in the accounting department of a mid-sized company. It was an A/P role and a lot of it was on the job training, no hand-holding stuff. I did well as I could for someone thrown in the deep end and lasted about a year and a half before my team was dissolved and I got let go because there were no positions available.

    I did a lot of in between roles after that, A/P roles, no real training so I could only do so much to help.

    The next position was a Revenue accounting role which had much more training available as it was a large company. The first year was a bit of a struggle but I just remember one day where it all just 'clicked together' and I was able to progress and went from an average/mediocre employee to a good one and got more projects and responsibilities. My health took a nose-dive during this but I still managed to do well before they did layoffs 2 years later due to a merger.

    Right now, I have been at a mid-sized company for a year and I just seem to be floundering. Making careless mistakes such as date but getting everything else right. Needless to say, they stopped trusting me and I even got told that I did better delivering the mail than doing this. That really hurt. That they don't really want to give me projects like that if I make a simple mistake like that.

    I got told that they feel like I have not learned anything even though I do the work correctly, just not the date and such. The accounting system we have does not allow us to easily correct these mistakes.

    I do feel like there is a bit of a caste system here as I do not have an accounting degree, or CPA, and they all do. I would have gotten my CPA at the last company but I was working 50-60 hours weeks, sometimes more, just because of the large amount of Revenue we handled.

    Anyway, after getting told in a meeting how disappointed they were with me, I just started to wonder if I am a shitty accountant. I like to think I am not as I understand the concepts once taught to me and I am getting right for the most part. But after this mistake, it's just hard to feel like I can right the ship so to speak, like they have lost all trust in me.

    I have thought maybe I should just go back to school, get a job at a trading company and go for my series 7 but after 8 years in accounting, it's hard to just give it up like that and I feel like I still have potential. That maybe it's just I am not cut out for this company.

    If I stayed in accounting, I would like to try tax but trying to move across groups without CPA is damn near impossible. So I know I would need to go back to get my CPA.

    My other fear is that since I would be getting my CPA so late, I wouldn't ever see the money I wanted to be making. Right now I don't make bad money, actually above average for this city that has a low CoL but I want to make more and that won't happen unless I get the title.

    I know this came across as ranting but I just don't know what to do anymore and just feel sad/disappointed that this good opportunity is going, partially because of me.

    submitted by /u/angel_in_centerfold
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    Switching into Advisory or doing a MS in MIS?

    Posted: 10 Mar 2018 07:46 PM PST

    So i wanted to reach out to yall on career advice on how to integrate my accounting knowledge and IT knowledge. Just a little background, i work at a mid tier firm (Audit service line), and just completed the CPA exam. I currently have delayed admision to my grad program in MIS or ITM which starts in August. Currently in the middle of busy season (Not enjoying it at all), and noticing that accounting is really not for me tbh. I see a lot of individuals in ITM (Formely Management information systems), making close to 6 figures out of college just because they are providing value in their jobs. Jobs such as System analyst or other IT related jobs are just making way more than what individuals in accounting are making especially out of college. I need to make a decision after this busy season to either move to Advisory as a second year staff (Currently a first year staff), or go back and do another masters in ITM in August. My question is it worth it to go back to school and get another Masters in ITM, or switch to Advisory to gain IT experience. Key roles i would like to land are system analyst, roles that require creating accounting systems, internal control, or ERP implementation. Any advice from Advisory or audit individuals on the same path would be helpful. Thanks

    submitted by /u/FutureCPA23
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    I want to get started on my CPA this year and have questions

    Posted: 10 Mar 2018 07:37 PM PST

    I have no college and am currently stationed in Hawaii. I will be moving to The area at the end of my service in a few years. I don't want to wait that long to start going to college but am having difficulty with getting a Texas education of 150 hrs.

    Could I get my bachelor's from an out of state and finish up my Ed requirement in Texas?

    submitted by /u/TodayWasTerrible
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