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    Home Unlabelled Accounting Only 6 Days Until KPMG's Busy Season Starts.

    Accounting Only 6 Days Until KPMG's Busy Season Starts.

    March 27, 2018

    Accounting Only 6 Days Until KPMG's Busy Season Starts.

    Only 6 Days Until KPMG's Busy Season Starts.

    Posted: 27 Mar 2018 06:09 PM PDT

    When the client provides you with a payroll reconciliation with a $42k variance and you make your own with a $900 variance.

    Posted: 27 Mar 2018 07:11 AM PDT

    B4 recruiters be like

    Posted: 27 Mar 2018 08:26 PM PDT

    Memes like this make me think the US literacy rate is overstated...

    Posted: 27 Mar 2018 03:13 PM PDT

    MRW the PBC TB contains an expense account titled "Credit card" for $420,000 and then asks if we can get their return done quicker this year.

    Posted: 27 Mar 2018 06:59 PM PDT

    My face when a client says they prepared their multi-country return on TurboTax and got a $9,000 larger refund...

    Posted: 27 Mar 2018 11:10 AM PDT

    When you tell someone that you work in taxes, and they say, "That must be very taxing"

    Posted: 27 Mar 2018 09:58 AM PDT

    #Trilla

    Posted: 27 Mar 2018 08:23 PM PDT

    b4 interns be like

    Posted: 27 Mar 2018 08:40 PM PDT

    A new kind of audit evidence

    Posted: 27 Mar 2018 09:06 AM PDT

    Infiltrator from r/consulting, how many hours you lot actually work?

    Posted: 27 Mar 2018 04:46 PM PDT

    Usually at r/consulting. Came out to check r/accounting because you guys apparently a lot more lit - not confirmed yet by the way.

    Only thing I see is people complaining that they're dying from overwork. When does a typical day start and end for you lot; both in and out of busy season.

    I though we were supposed to have it bad but you guys just seem hanging on a thread at times.

    submitted by /u/consquestion234
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    Bringing back Big 4 Carousel!

    Posted: 27 Mar 2018 05:41 AM PDT

    Hi all, some of you may know of Big4AuditorCarousel. It was a site that, now defunct, was updated every week and included all of the Big 4 Audit changes during the prior week, and may have been included on the sidebar in this sub at one point. I have decided, for no other reason than personal interest, to pick up the cause myself now. If anyone ever wants to see it, feel free to check it out.

    On a side note, the old website mentions a John McKune, and while I have absolutely zero monetary aspirations, I would love to get his blessing to use his idea. So if anyone on the off chance had his contact information that would awesome if we could get in touch.

    Without further ado, the link is below. Forewarning, I have only one post so far.

    Big 4 Carousel

    Disclaimer, the rules aren't clear to me if I need Mod permission first, but it is a resource to the community so it seems like it should be okay?

    submitted by /u/htes8
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    Ghosting out during busy season

    Posted: 27 Mar 2018 09:31 PM PDT

    (Staff II here)

    Anyone ever have a subordinate (my Staff I) just go home without even asking permission?

    How did you respond to them to let them know you're there for them?

    My staff I is super stressed. Only 3 months into her career. Likely went through her first busy season (prior to this one) just testing selections in premade workpapers on a larger, year round team.

    Then she got retasked to ours, and went straight to building lead sheets, doing recs, testing all on her own (which I've helped her with every step of the way when she's asked for help).

    She's taking a long time to do work, but it's s first year client that's going way over budget so I'm not sure if it's taking long because she needs help and isn't seeking it or if the work just genuinely requires that much time and effort.

    I've been letting her know on a weekly basis she can come to me.

    I ping and text her.

    Then today, during a client meeting, she was short with and raised her voice at a client manager/director when they were asking her to provide timely status updates, and shortly after the meeting, she ghosted our without telling anyone.

    Shes smart and hard working, but I don't think she's handling the stress of everything very well.

    I remember being as confused as she was when I was in her shoes, but I didn't just leave without telling anyone.

    submitted by /u/KnightCPA
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    Any accountants who have reached a state of the enlightened?

    Posted: 27 Mar 2018 04:48 PM PDT

    What's your excel working paper pet peeve?

    Posted: 27 Mar 2018 08:19 AM PDT

    I have an unusual one where I can't stand when 'freeze panes' is used in situations that aren't necessary. I almost feel claustrophobic when I'm trying to scroll through data but the scrollable section is this tiny area because because 3/4 of the spreadsheet are frozen panes. Gah, why.

    Second minor pet peeve is when people manually calculate the average of a group instead of just using the =average() function.

    submitted by /u/letsboop
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    Tax Promotion - Fingers Crossed

    Posted: 27 Mar 2018 08:52 PM PDT

    Tomorrow, I'm going to lobby our Tax Director for a much needed promotion for myself. Wish me luck.

    7 years at this company, 5 years in the tax department, obtained 2 graduate degrees, and recently became the most senior on our team...

    submitted by /u/MNCPA
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    Is public accounting really worth it?

    Posted: 27 Mar 2018 08:30 PM PDT

    So, I'm an intern right now at a relatively small firm (60ish people) and while I do kinda enjoy the work, I'm not sure if it's really worth it. As an intern, we don't have the same billable hour requirements as the actual associates, (as long as we're there for 40 hours, we're good) but seeing what they have to go through is just awful, getting to the office at 8 AM, leaving at 1AM or later, I get to the office at 9 AM and leave at 6 PM and I can hardly stay awake during the day. I have no idea how they do it. (And if any of you want to give advice on how to stay awake and focused with very little sleep, please let me know, I've been taking in at least 300mg of caffeine a day and it still isn't working.)

    So my options are this, stick with the small firm and probably try to go to a larger firm later down the line, try my luck at going to a larger firm after the internship, since I feel like the hours will be more worth it because at least the exit opportunities will be way better, or go industry when I graduate. The only problem I see with the last 2 options are that I'll be jobless for a few months longer than if I were to stick with the small firm, but that's about it.

    submitted by /u/ChampionEst1919
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    Surgent CPA Review

    Posted: 27 Mar 2018 08:32 PM PDT

    There doesn't seem to be too many reviews on Surgent CPA review. Has anyone tried this and have a brief review of it, and how it compares to the likes of Roger/Becker? Also, how is there textbook?

    submitted by /u/ShadySht
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    the more i do taxes

    Posted: 27 Mar 2018 05:26 PM PDT

    the more i miss audit

    submitted by /u/sbnateGx59
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    PA use tax question

    Posted: 27 Mar 2018 07:04 PM PDT

    In Pennsylvania, do I need to pay use tax on inventory I purchased from overseas for the purpose of resale? I have been reading the laws and am very confused.

    Thanks

    submitted by /u/heyhey132
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    Non-CPA Jobs? What is it like? Looking for advice.

    Posted: 27 Mar 2018 08:19 AM PDT

    Hey guys, long time lurker here. I'm currently a student and was curious as to if anyone here choose not to get their CPA and what kind of job you landed after school? Was it harder getting a job because you didn't have it? Do you regret not getting it? I'm asking because I really don't think I want to go into the public sector and was wondering how much of a difference getting my CPA makes in the private sector? Any advice is welcome!

    submitted by /u/barrowj7
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    How would you design a fraud in sales?

    Posted: 27 Mar 2018 05:45 PM PDT

    Hi everyone, first post here. I'm currently a senior in accounting and I was recently tasked with this assignment. How would you design a fraud in sales? (Wasn't given anything more specific) What would the impact/benefit be? How would someone catch you? I'm struggling a little with this so I appreciate any input!

    Reposting because I messed up the title

    submitted by /u/Rossy25
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    How do we get income tax expense on the income statement

    Posted: 27 Mar 2018 09:29 PM PDT
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