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    Accounting What do typical accountants 10,15,20 years in their field make?

    Accounting What do typical accountants 10,15,20 years in their field make?


    What do typical accountants 10,15,20 years in their field make?

    Posted: 06 May 2018 08:33 PM PDT

    Hey guys so I'm just about graduate here in a few days and have a job offer from EY paying 57K starting. I was wondering if I stay with them what can I expect in terms of salary growth, or is it just better to hang around for a few years then switch to private practice? Goal is really just a large salary

    submitted by /u/johnpenguin69
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    Pros/cons of industry vs public?

    Posted: 06 May 2018 10:15 AM PDT

    I have my first public internship during the summer.

    Looking towards my long-term career, I'm trying to decide where I want to end up. I'm leaning towards industry (along with everyone else in this sub..).

    A few obvious ones from talking with others and reading this sub:

    Pros for industry: - Good hours - Generally less stress - More time to enjoy life - Less demanding work

    Cons for industry: - Less upward mobility - Potentially boring work - Worse pay?

    Pros for public: - More upward mobility - Potentially stimulating work - Good work experience for noobies - Better pay?

    Cons for public: - Periodic long hours - Pressure to perform and move up the ranks - Generally more stress

    This list is from someone with zero work experience in accounting and completely based on what I hear from others. It's also pretty general. What are some more pros and cons that might be more specific?

    submitted by /u/oeimili
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    Former accountants who still check this sub. Why did you leave the accounting industry and what do you do now?

    Posted: 06 May 2018 08:16 PM PDT

    Any auditors or b4 accountants from Toronto? High school project (interview)

    Posted: 06 May 2018 08:28 PM PDT

    Hey I know this is a long shot but I was wondering if there's anyone on this sub who is an auditor in Toronto or a big 4 accountant. The assignment is to interview the person and find out what the workplace is like and such. Any help is appreciated!

    submitted by /u/evilsk8er
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    A/R Interview

    Posted: 06 May 2018 04:24 PM PDT

    Hello peeps! I'd like to ask you guys some suggestions on how to kill an interview for an A/R position.

    I just graduated this month and took my time to apply to any entry level accounting jobs and fortunate enough to land an interview tomorrow. However, I'm kinda panicking as I don't know what to expect. Help a brother out!

    submitted by /u/yogibear60
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    How to get your first accounting internship?

    Posted: 06 May 2018 02:50 PM PDT

    I'm a 4th year Accounting student planning to graduate in December this year but I've had 0 "accounting internships" I've held jobs but mostly in food/service and worked for a small software company that wasn't really related to Accounting. Um, how the heck do I get an internship for the summer? Located in NYC area.

    submitted by /u/aznology
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    Starting BS Acct while working full time as radar technician earning 72k, is career change a good idea?

    Posted: 06 May 2018 07:09 AM PDT

    I'm studying for my B.S. in accounting, and I'm using G.I. Bill to finance my degree. I'll have some benefits remaining after I finish the accounting requirements and am thinking I might get a 2nd B.S. in Computer Science where I can focus on coding, networking, database mgmt, or cyber security, or instead of a dual B.S. degrees just go straight from acct degree to pursue an MBA. I am paid well doing what I'm doing as an electronics technician repairing radar components, but I've found I enjoy it less and less as time goes on, primarily I have only a few good relationships with the people I work with everyday, which I've never liked but I've put up with for 9yrs because it pays well. I'm not sure how I could financially justify leaving my job. It's a federal job, I also have good health benefits and there's a pension plan. It would have to be a very enticing opportunity to leave. Can I make 72k with a B.S. in acct and either a 2nd B.S. in computer science or an MBA?

    submitted by /u/BeefCurtainsJohnson
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    Should I major in accounting or finance?

    Posted: 06 May 2018 09:52 PM PDT

    Now I have done a bit of research, and know that accounting looks slightly better on your resume. I heard this is because accounting is more of a necessity on a day to day basis. However finance is very attractive to me because you become proficient in investing. Also it seems more reliant on creativity, which I excel in. In regards to salary, from what I've seen accounting is lower pay with more job opportunities, while finance is higher pay with less job opportunities. What insight do you guys have on this?

    submitted by /u/focusrunner79
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    Best place to learn/keep up with accounting while out of school

    Posted: 06 May 2018 09:37 PM PDT

    Hey guys, so I'm a college student who's taking a break from school for financial reasons and I was curious if there were any good online resources for learning accounting materials while I'm out.

    I've taken up to intermediate accounting with a good understanding of the basic principles but I don't want to lose out on my education. In the meantime, I got a clerical job working under an accounting manager. So hopefully I can learn from her too.

    Ideally they would be free. I just want to use this time to get ahead so by the time I'm back in school, I'll be caught up or even better off than my classmates.

    submitted by /u/Kimjungwho
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    For those that went back to your old firm, how was it?

    Posted: 06 May 2018 02:06 PM PDT

    Let's talk Individual Tax (Hight Net Worth)

    Posted: 06 May 2018 08:43 PM PDT

    I know individual tax usually gets a bad rep on here but for those who actually have experience in this area, is it really that bad? I'm 3 years into my career in individual high-net worth doing individual tax returns, tax projections, trust tax returns, gift tax returns, and private foundations for clients involved in hedge funds and private equity services.

    I understand leaving Big 4 is more of an issue since the primary exits are another public firm or a family office. Sometimes I do toy with the thought of opening a small shop and running my own gig.

    What's your 02?

    submitted by /u/CPA_2
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    Is an internship really that important sophomore year?

    Posted: 06 May 2018 11:02 AM PDT

    I'm a sophomore (junior standing) and I wasn't able to secure an internship this summer, and my parents are freaking the hell out about it. I can't really understand why. In their mind it seems like internship=job and no internship=destined for homelessness (my brother was an engineering student whose job came out of an internship so I feel like that's guiding their thoughts, but accounting and engineering are 100000% not the same thing). I'm already attending a leadership conference this summer and I feel like sophomores getting accounting internships is pretty rare. I've only had 2 real accounting classes so far which makes me very unmarketable but my parents are not having any of it. Every time I try to tell them this they just shoot back with "well it doesn't have to be an accounting internship, just get some kind of internship or we're afraid you won't get a job." Help me.

    submitted by /u/HalfwaySandwich1
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    I want to become a CPA but am not sure what graduate degree to pursue.

    Posted: 06 May 2018 02:17 PM PDT

    As the title says I'm looking to become a CPA but am not sure if I want to get a Masters in Accounting. I've heard there are other options, such as a Master in Taxation which to me sounds more appealing. Does anyone know if this is a possibility or know what degrees, other than a Masters in Accounting, will make me eligible to sit for the CPA exam?

    submitted by /u/kingof_pizza
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    Imposter Syndrome - New Senior, New Company

    Posted: 06 May 2018 07:31 PM PDT

    I joined a new public accounting firm a few weeks ago after a bad experience at a previous firm. With the new job also came a promotion to senior (which, at 3 years in industry and 3.5 in public was overdue), but I'm feeling overwhelmed and as if I don't have nearly the technical knowledge I should to be in this position. Software skills are somewhat transferrable; I just feel like I oversold myself.

    For anyone who works as a tax senior in the corporate sector, what are some main things I should be focused on? Can anyone recommend a few good refresher courses? I'm sure I'm overthinking this and with time, things will turn out fine. But mentally, I'm frightened to screw up enough to cause the team to regret hiring me.

    submitted by /u/reddthrowaway441
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    Career advice: Not sure where I should be focusing

    Posted: 06 May 2018 05:45 PM PDT

    Hi all. I thought I'd take some time to explain my current situation and see if anyone had any advice for me.

    I've been working in accounting for over 4.5 years now, mostly on the A/R side with some recent experience doing AP and payroll. I've been running an accounting department for a small business for around a year now and work with a CPA around once a month. The most advanced accounting thing I do is journal entries, which I learned fairly recently. I have no formal education in accounting (BA was in philosophy.)

    I have really strong knowledge of Excel. I know VBA in Excel very well and started focusing on computer programming more generally over the past few years. In addition to VBA, I know SQL fairly well, and am currently learning OOP in C# which I'm really enjoying. I also have some knowledge of Python.

    I've literally read thousands of pages over the last few years relating to programming / advanced Excel functionality (VBA, PowerPivot, etc.) I would like this to have some impact on my career eventually, but I feel like I'm stuck in an billing / bookkeeping jobs which I feel I've outgrown.

    Should I look into MACC programs to try to get a more formal education in accounting? Should I look into classes in computer science to try to make a career change? Is there some intersection of accounting and programming that I should be looking at? I'd appreciate any advice.

    Thanks!

    submitted by /u/beyphy
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    Exam during interview

    Posted: 06 May 2018 04:26 PM PDT

    Have an interview for a staff position at a local university. Hiring manager said interview will start with a quick 15 minute exam followed by interview with three managers.

    What do you think the exam consist of?

    Thanks in advance

    submitted by /u/tuf77678
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    Continuing Professional Education (CPE) search directory

    Posted: 06 May 2018 01:19 PM PDT

    Hey guys,

    I wanted to share a small project that I'm working on and ask for your feedback. I created a new CPE search site that can be found here [1]. It's pronounced "CPE dot io". The idea is to make finding your next CPE event as trivial as searching for something on Google.

    I traveled a lot for business over the years, and usually missed my local events. I know many have similar experiences. The idea with this site is to share upcoming webinars, and eventually on demand courses, that can be taken anywhere with an internet connection. I could use everyone's help in two areas:

    • Share your favorite CPE providers

    I'm looking for high quality boutique providers. We don't have to restrict to accounting based providers either. Most of us are already familiar with the Big Accounting firms. The idea isn't to include every single webinar on this site, or necessarily those that are already very popular. Just share the providers you like so we can include them here for others to try.

    • Feedback for the site itself

    This site is very much in beta, and I'm not a designer. So it'll take me awhile to update the aesthetics. That said, I'm still very much interested in how this site can be better. I have an idea that would allow 'users' to add upcoming CPE events so we all can benefit. This is essentially the crowd sourced approach. This too will take time.

    • Thanks in advance!

    This site is meant to be a community resource, and your feedback is greatly appreciated. Feel free to post below, or send me a direct message.

    [1] https://cpe.io/

    submitted by /u/jonto
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    Anyone here got into a big 4 firm from working for the government?

    Posted: 06 May 2018 10:37 PM PDT

    If so, can you tell me a little about the proces?

    submitted by /u/nerdywiththeword
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    Do people in the big 4 operate under the "Work Hard, Play Hard" mentality like South Koreans do?

    Posted: 06 May 2018 01:43 PM PDT

    If you watch K-dramas or J-dramas, many of the corporate employees tend to go out drinking after a heavy day of work. Is it the same with the Big 4 since their work culture and environment reminds me a lot of what's happening with the big 4.

    submitted by /u/nerdywiththeword
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    Persomality conflicts @ work

    Posted: 06 May 2018 09:53 AM PDT

    What are some conflicts youre dealing with at work, is it normal to not feel a part of the team on those 2-3 days/week?

    submitted by /u/deadliftsquatbench
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    I have one of them wrong but which?

    Posted: 06 May 2018 07:28 PM PDT

    Need help understanding Bank Reconciliation entries

    Posted: 06 May 2018 07:12 PM PDT

    • A cheque payment to a part time worker of $5,000 was was entered twice into the bank account.

    The correct adjusting entry is to deduct $5,000 from the bank - why? Shouldn't I be adding $5,000 to my bank since I paid him twice (-$10,000)?

    submitted by /u/CPAIDS
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    Internship at Big 4 still possible after graduating ??

    Posted: 06 May 2018 04:51 PM PDT

    This is my first post to reddit so bare with me.

    By credit I am a junior , I transferred from a community college so I have had a bit of a late start in terms of accounting classes. Being that I haven't taken as many accounting classes as i should have, it's been hard finding an internship since they require x amount of classes and a institutional GPA. ( being that I transferred in this semester I do not have one )

    My goal is to work for the BIG 4. I have read that the best way to get into the BIG 4 is through an internship. With the way my classes are set up my goal is to try to get an internship with one of the Big 4 during spring or summer 2019 since I'll be graduating Jan 2020.

    I hopefully will have a 4.0 at the end of this semester , but maybe around a 3.8 ( I hate group projects ) I am very driven with school and I love what I am learning about.

    I worry that I won't be able to get an internship during that time because honestly I am shy and I have a heard time selling myself.

    The question arises: is it possible to get an internship with a BIG 4 even after i graduate ?

    Any advice about internships in regards to big 4 is appreciated.

    submitted by /u/alt-accountant
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    When it comes to explaining lack of movement at your current job in an external interview, what tips can you guys give? I have other questions too, any help appreciated.

    Posted: 06 May 2018 04:49 PM PDT

    My fiancee is moving to NYC for a promotional opportunity which will be paying 6 figures there, and I'm looking to follow her there. I'm currently in South Fla.

    1.) I am a staff accountant level, and I'm eligible for the promotion to senior. However, I am not favored in my dept, and chances are they will place me into a very rough 60 hr a week role (with notoriously aggressive/ignorant management) if I am promoted. Should I attempt it anyways and then use the title bump to leave the company? Or would that reflect very poorly? In my current role, I've streamlined it to the point where I don't do anything so I have the free time to job search. My manager leaves me alone, and its relatively stress free. I feel like that is more valuable to me, what is your opinion?

    2.) I am looking to relocate from South Fla to NYC. Should I leave my address off of my resume? How big of a deterrent is this in terms of being hired? Can anyone in NYC give me a feel for how likely it is for a company to hire a relocating candidate? I'm willing to self-relocate since my fiancee will already be set up there, but obviously getting a relocation package is better.

    3.) I'm currently using Monster, Linkedin, Indeed, Glassdoor, and whatever personal references I have to find jobs. Any others that you can recommend?

    4.) I am a little rusty with interviewing and am applying to companies I don't care about in order to practice. Is this a common tactic? I'm too old to use a career center.

    5.) The honest reason that I haven't moved up is because of workplace favoritism and an unfortunate situation where the main director in our dept had messed up on a process. It led to us working very late hours on my team, and he resents us for it because everyone saw how late we were pushing ourselves and ended up hurting his reputation. Believe me or don't, but I'm not here to debate that. If asked why no internal movement during an external interview how would you correctly explain this? I was just going to say "I was waiting for the proper role to open, and by the time I was ready to move on I found out my fiancee was moving so i didn't want to accept a promotion and then hurt my new team by handing in my 2 weeks"

    submitted by /u/IswagIcook
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