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    Monday, June 4, 2018

    Home Unlabelled Accounting I've been looking at accounting themed stock photos for fun, this is the best I can find.

    Accounting I've been looking at accounting themed stock photos for fun, this is the best I can find.

    June 04, 2018

    Accounting I've been looking at accounting themed stock photos for fun, this is the best I can find.

    I've been looking at accounting themed stock photos for fun, this is the best I can find.

    Posted: 04 Jun 2018 01:18 PM PDT

    Everyone in this sub

    Posted: 04 Jun 2018 04:02 PM PDT

    MRW it is 1:30 on a Monday and I see the admin. assistant pouring the rest of the coffee down the sink.

    Posted: 04 Jun 2018 01:46 PM PDT

    What’s your worst instance of this happening?

    Posted: 04 Jun 2018 12:00 PM PDT

    I invoke thee...

    Posted: 04 Jun 2018 08:24 AM PDT

    Am I About To Be Terminated?

    Posted: 04 Jun 2018 03:24 PM PDT

    So I was very dumb and brought recreational marijuana I purchased (legally) in Colorado to national training, where marijuana is illegal. I didn't smoke it during training but I left the weed in my room when I checked out. Well the hotel found it and notified the firm. I just received a call about it and they said they were going to look at the facts and determine the punishment. Should I go ahead and look for another job now or do I have a chance of surviving this?

    submitted by /u/BarryAud
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    [CAN] How useful is HTK Consulting as a resource for the 2018 CFE?

    Posted: 04 Jun 2018 05:51 PM PDT

    I was looking through the HTK website and although it has a wealth of resources, a lot of it seems outdated. Is this safe to use for the 2018 CFE? If not, are there any alternatives anyone can recommend?

    Thx.

    submitted by /u/ead09
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    Overwhelmed senior associate

    Posted: 04 Jun 2018 08:55 AM PDT

    Really need some advice guys.

    I'm about ten months into a senior auditor position at a 200 person, 2 office CPA firm in the midwest. Prior to that, I was an audit staff for three years. Have been a licensed CPA for about a year and a half.

    The work hasn't stopped since this past December and is finally overwhelming me to the point that I'm stressed out like I've never been in my career.

    A huge job I started in May is dragging on because of how messy and slow the client is to respond. I'm getting shit from the senior manager and other manager on the job for my assigned sections. Worse of all it's a tight deadline for the end of this month and there's still crucial sections not signed off on.

    On top of that, I'm on two EPB's (one which I'm training the manager on how to do them) and starting a new audit for another new client while piloting new audit binder software that I'm completely new to.

    That's the hell I'm in right now. Probably nothing insane but to me it's just so stressful.

    I really don't know what to do. I don't have any jobs lined up but I just want to give my two weeks notice so badly.

    On top of it all, this has really shaken my confidence in my career. I was receiving messages from recruiters for transaction advisory positions but given what's been happening, I feel if I can't handle audit, can I really handle TAS? This whole thing makes me want to take the easiest staff accountant job I can find, which really hurts.

    Sorry for the rambling. Any comments are appreciated.

    TLDR: Fried at current senior job, too much work Shaken confidence on future in audit/tas Unsure what to do

    submitted by /u/burnedoutCPA
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    Florida CPA Education Requirement - Questions

    Posted: 04 Jun 2018 05:27 PM PDT

    Wondering if there's any Florida CPA's in here and if so, how you guys got your 150 for the CPA. The cost for a Master's in Accounting from the school I did my undergrad comes out to 36k. I'd rather not have to get a Master's if there's cheaper alternatives.

    My dilemma is that Florida requires 30 accounting credit hours and 36 business credit hours. With my bachelor's, I have 24 accounting credit hours and the 36 business credit hours. So I'm short 6 hours on the accounting credits. Additionally, I have a total of 126 credits. Does Florida require the additional 30 credits above 120 to be graduate credits or is just upper level fine? If just upper level is fine, any suggestions on where I can do 6 accounting credits and 18 random credits to get 150?

    Any suggestions/tips would be HIGHLY appreciated!

    submitted by /u/ItsAccrual_World
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    Came across this in the toilet today, just after the exam too!

    Posted: 04 Jun 2018 04:45 AM PDT

    Watching It’s Always Sunny and just realized that as the firm’s in-house Marketer, the gang treats me like Sweet Dee

    Posted: 04 Jun 2018 09:48 PM PDT

    Why TAS interview question

    Posted: 04 Jun 2018 09:39 PM PDT

    Can someone help me out with how to answer this question?

    I want to eventually get into banking, but know I can't say that in the interview. Right now I'm an accounting intern and I just find the work boring. I'll be moving to NYC after school and already have an internship offer with a big 4 in audit for next summer. I'm meeting with someone higher up in TAS and my goal is to try to get my offer moved over. I feel like TAS sounds more interesting to me, but it seems so broad from what I've read online that I don't even know exactly what I'd be doing. I was thinking I could say I want to take advantage of what the city has to offer as part of the reason why TAS, because most normal cities don't have it.

    Can someone help me out please? Thanks.

    submitted by /u/Blue42SetHIk3
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    Some questions for accountants and accountant majors

    Posted: 04 Jun 2018 08:23 AM PDT

    I have a few questions about accounting and the major, if that's okay.

    • How did you know that accounting was the right choice for you?

    • What specialization are you going into? Why?

    -How long did it take you to get through school (if applicable)? Are you doing well now?

    • How difficult was school? What did you like about it? What did you hate about it?

    -Are the CPA and other certs actually hell on earth?

    • What do you like about accounting or the industry? What don't you like about them?

    Thank you in advance!

    submitted by /u/lookingforoctopus
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    All-male job shortlists banned by accountancy giant PwC

    Posted: 04 Jun 2018 09:31 AM PDT

    Anyone else sit FAR today?

    Posted: 04 Jun 2018 10:02 AM PDT

    Everyone in my intake found it really tough. How'd the UK accountants find it?

    submitted by /u/Send-Boobies-Pls
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    Should I get my CPA with an MBA, or a MACC?

    Posted: 04 Jun 2018 08:54 PM PDT

    This would be with a bachelors in accounting. I'm trying to figure out what the best route is for career development. Thanks!

    submitted by /u/TheAcct
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    Career Advice: Is a CPA or an MBA more respected in Managerial Accounting?

    Posted: 04 Jun 2018 04:36 PM PDT

    My husband and I are planning on moving to Missouri from Colorado in the next few months after he lands a job in St. Louis. I was accepted into the CU Denver masters program, and I am enrolled in one of 5 prerequisite courses for the degree now (done with the beginning accounting, and now on to the intermediates).

    I have a Bachelors in English with about 7 years of experience as a business communications writer. Last year I realized that Accounting was a far better fit for me.

    Now we are moving states, just as I am starting my masters, and I am struggling to figure out what sort of program I should be in. I would also like to actually work in accounting to gain experience as I go to school (I have been working as a bookkeeper/accounting assistant for the last year while I take classes).

    Is an MBA with an Accounting emphasis good enough to get a decent job in Managerial Accounting? Is a CPA path the best to be respected in Accounting? Or would a bachelors or even a graduate certificate program be useful? I really don't want to go to the big 4, but I want to be respected in my field.

    I am trying to balance being marketable when I go for a job with knowing that I have the skills that I wanted to gain in Accounting. And of course there is the cost of school. I have about 24k saved up but some of that might go to relocation expenses.

    Any advice or insight would be appreciated!!

    submitted by /u/Elsa421
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    How hard is it to get into a MAcc program on the first try? Is a high GRE/GMAT score really needed to get in?

    Posted: 04 Jun 2018 05:40 PM PDT

    Hi all, I have an undergrad degree in Biology and I'm interested in applying to a MAcc program by next year.

    My overall GPA is 3.3. It's expected to increase as I take more accounting classes at CC (and do well in them) this year.

    My GRE scores are 40-45 percentile range for verbal and quant, so not too good considering the only program I looked at suggested 70th percentile or greater. I'm planning to retake it but I'm not sure if it's a hard requirement or just a "recommended" score since I'd rather not spend another $200 for the GRE.

    The school I'm looking at has a B4 presence, so I wonder if I should apply to more than 1 school or not considering my low GRE score.

    TL;DR: How hard is it to get in to a MAcc program on the first try? Is it as competitive as med school application or is it more like something you can apply to and get in anyway?

    submitted by /u/aruetto
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    Low Master's GPA for Job

    Posted: 04 Jun 2018 03:50 PM PDT

    I was curious how employers look at your master's gpa for getting a job. I just started my masters program and I'm taking three classes this summer. None of them are accounting related. I feel like I might end up with a B in all of them, putting me at a 3.0.

    I wouldn't finish my master's program until next May, and I have an undergraduate GPA of 3.4. I'm curious as to how much this would affect my chances of getting a job. I would plan on applying in August during recruitment season for a job hopefully a year from then. I'm planning on graduating in May and sitting for the CPA exam during the summer.

    submitted by /u/Bancroft97
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    KPMG to layoff 400 employees in South Africa after graft scandal

    Posted: 04 Jun 2018 02:20 AM PDT

    Should I skip the retail inventory method for FAR? Seems like a lot of work to remember something that may have one or two questions.

    Posted: 04 Jun 2018 03:23 PM PDT

    Damn, FAR sucks.

    submitted by /u/Iskandermissile
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    Forgot my tie at home...

    Posted: 04 Jun 2018 01:06 PM PDT

    First year here..Going on a business trip to the client. Currently at airport but remembered I forgot my tie at home..

    Partner has the car when we land would it be ok to ask to borrow it sometime during the night or should I just uber to a store

    submitted by /u/icem4n1
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    Because fuck it, 2 months from the time I took AUD wasn't long enough to get the score, lets push it a day

    Posted: 04 Jun 2018 12:57 PM PDT

    Can someone explain debt to equity ratios?

    Posted: 04 Jun 2018 10:27 PM PDT

    Hi everyone, I am having a hard time understanding what is said in this paragraph. I'm in Intro to managerial and am trying to study the ratios and understand the concepts.

    "The main challenges is that company does not use anticipate to use debt funding and the very high current ratio . Investors tend to be conservative and prefer to have low debt-to-equity ratios since their interests are protected when business declines. Holding excessive current assets are a sign has a strong buffer and better liquidity. Solution There is need to reconsider debt funding since the very low debt-to-equity ratios could indicate that the firm is not taking full advantage of profits that the leverage may bring. Also, the funds will allow the owners to purchase more assets to enhance its capacity and meet the growing demand. Since the current ratio is very high, this infers that the company is using its current assets not efficiently. To lower the current ratio to the ideal ratio of 1, the firm could use short term funding or reduce the cash in hand. Some of the funds could be channeled to innovation to create new and better products to outperform competition, increase market share, revenues, and profitability."

    Thank you all, God bless.

    submitted by /u/jojelllybean
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