Accounting MFW I hit "Unhide Tabs" and see things I'm not meant to see. |
- MFW I hit "Unhide Tabs" and see things I'm not meant to see.
- Just have to vent to people who get it.
- Holy crap! It's been four years since my last AMA and I just got tenured! I'm now an associate professor of accounting. AMA!
- Finding it incredibly hard to sit down and begin to study, knowing I won’t have a life for 6-8 months
- Is it just me or does anyone else have to read the chapter more than once to understand what is going on.
- Crypto assets are not intangible assets IFRS accountancy
- Should I go for the CPA exam?
- What is industry really like?
- Am I crazy for wanting to move from tax to internal audit?
- Possible to switch from risk Assurance to consulting within a Big4?
- Odds on Senior Internal Audit Job in F1000 Company
- Is 5 weeks enough to study for FAR
- Governmental accounting questions
- SLP Question
- Community college student need advice
- Been hearing BEC this Q has a lot of calculation MCQs. Taking it Thursday. How do they compare to Becker MCQs?
- How math intensive was your BEC Exam? What were the SIMS like?
- Risk Advisory Intern
- Wasn’t the score release on June 10th?
- Staff accountant salary negotiation help
- I want to work full-time but was advised not to by my parents and my peers.
- [CA, USA] Seeking career advice as an older student transferring to state school from community college
- How come the jobs on Linkedin don't give a salary range?
- Moving into local government from big 4/fortune 500
| MFW I hit "Unhide Tabs" and see things I'm not meant to see. Posted: 03 Jun 2018 11:51 AM PDT
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| Just have to vent to people who get it. Posted: 03 Jun 2018 07:23 PM PDT I took a job at a construction company. Owner asked for help with a spreadsheet before I was even hired, so I saw revenues. Seemed legit. Worked on very high end hotels, etc. I just just finished my degree, but I've worked as a bookkeeper and then a staff accountant for 19 years. Every day seems like a new, crazy discovery. We're leveraged out the ass. Lines of credit, like 20 person credit cards, a bunch of business cards, you name it, we got it. They haven't done proper job costing. We're hemorrhaging money. The CFO quit last week. Bam. Friday, sends an email, peace out. I find out the Controller doesn't even qualify for an ASSOCIATES DEGREE. I thought it was weird when he would ask what I thought and refused to use journal entries. All of our accruals and everything are done through a wash account with checks. We use QuickBooks. No one knows how it works. We shouldn't even be using QuickBooks but whatever. Instead of GL codes, there are items. Service items. For everything. Even for SG&A. Sales expenses? Items. That one repair to that forklift that one time? Item. We have over 3000 items. That's not to say there aren't GL codes. We have those. Almost 600 of them. They literally broke every report in QuickBooks. Can't job cost. Can't budget. The retained earnings account has closing entries (these are automatically made by the software) out to 3011. 3011. Almost 1000 years from now. I can't find what triggered it. Intuit can't find what triggered it. I find out last week we have FIVE COMPANY FILES. One is for finance. One is for issuing POs. One is for receiving items. One is for I don't know what, the rando who made that one won't let me see it. I'm the accounting manager. But ok. One is for labor on jobs. I have honestly never ever seen a company as weird as this. Ever. Yes. I am looking for a new job. Yes I document literally everything I do. No I do not sign ANYTHING. Most of my time is spent writing procedures no one uses, writing policy everyone ignores, and telling them how to fix QuickBooks, which no one does, and making financial analysis spreadsheets that none of them understand. Thank you for reading all that. No one else understands how crazy it all is. Honestly, even my coworkers don't. [link] [comments]  | ||
| Posted: 03 Jun 2018 02:38 PM PDT I just got tenured! Since I can get all lazy and entitled now, I figure I'll do another AMA about being an accounting professor. So, ask me anything! My original AMA can be found here. I've learned a lot about the job since then, and I'm happy to share whatever wisdom I've acquired with all of you, whether it's about my time getting the PhD, finding a job, getting tenured, or about my outlook for the future. It's still a fantastic job, still worth the effort, and still something far too few people are pursuing. Some notes: I can't get too detailed about your odds of getting into a doctoral program. Not because I don't want to, but because I genuinely don't know. My institution doesn't have a PhD program, so I have no point of reference. The two bits of universally applicable advice I can give are (1) to nail your GMAT, ideally with a score of 700+, and (2) to rack up as much quantitative skill as possible, especially in the areas of statistics and calculus, since these are most directly applicable to accounting research. Academic skills matter much more in a doctoral program than professional skills, oddly enough. A CPA license is nice, but it's more relevant when you're looking for your first tenure-track job than when you're looking for a doctoral program. Interested in salary information? While every school is different, the pay is pretty fantastic across the board. Don't believe me? Here's the AACSB's salary survey for 2018 (PDF). Scroll to page 11 to see the salary figures for assistant accounting professors. "Assistant professor" is the title for non-tenured, tenure-track faculty, which is what you'd be if you got a doctorate and accepted a tenure-track job at an American university. Just about everyone starts out making six figures. Just saying. Curious about what accounting research looks like? Here's the list of journals sanctioned by the American Accounting Association (basically the AICPA for accounting academics). There are the elite journals (The Accounting Review and, to a lesser extent, Accounting Horizons), and also journals for specific research areas (everything from auditing to reporting to tax to information systems). You can look at abstracts and, in some cases, full articles from current and past issues. "Where can I get started?," you ask. There are, lamentably, fairly few (around 100) accounting doctoral programs in the US. The best list I can give you is this one, though it's admittedly outdated and some links are broken. If you're still in touch with your accounting faculty and ask them where they got their degrees. If that doesn't work for you, there's always Google. One admission: I've been incredibly fortunate. I landed a great job at a school that treats me well, with students who are respectful and motivated, and tenure requirements that were difficult, but nowhere near impossible. I mention this because it means that my outlook may be a bit more rosy than some of my colleagues' outlooks. Please don't take my thoughts here as your only source of advice. Get opinions from as many people as possible, including some pessimists, before making any life-altering decisions like going for a doctorate. With all that said, ask me anything! EDIT: I'm going to bed, but I'll be happy to respond to more comments tomorrow. I'm overwhelmed by and grateful for all your comments and questions! [link] [comments]  | ||
| Posted: 03 Jun 2018 10:13 AM PDT What did you do to force yourself and stay motivated!? :) [link] [comments]  | ||
| Posted: 03 Jun 2018 02:28 PM PDT Currently reading my Intermediate 2 chapter and it's making me feel sort of dumb for not being able to understand like 60% of what the book is saying. Are any of you able to read through the chapter the first time and be like "ahhh it all makes sense" or do you also have to re read it 2-3 times and use slides, examples, videos etc. ? [link] [comments]  | ||
| Crypto assets are not intangible assets IFRS accountancy Posted: 03 Jun 2018 03:57 AM PDT | ||
| Posted: 03 Jun 2018 05:15 PM PDT I'm a senior in college but I'm also taking community college courses and a week I'm going to graduate with a diploma and an AA. I took the 3 financial accounting classes, micro/macro economics, business law, and stats. I got into a university and plan on applying for Winter quarter for the business school. I was gonna go for an undergraduate degree and get it done in 2 years and didn't really want to get a CPA but now I'm considering it. How much more school would it be? I'm a little impatient and kind of want to just done and out in 2 years but im not sure. edit: I plan on just working for the government, I also live in WA if that helps Thanks [link] [comments]  | ||
| Posted: 03 Jun 2018 06:13 PM PDT | ||
| Am I crazy for wanting to move from tax to internal audit? Posted: 03 Jun 2018 11:09 AM PDT I am currently about to qualify as a chartered accountant working in corporate tax but don't particularly enjoy it. During my exams, I really struggled with tax, finance and financial reporting but completely smashed the papers on internal controls and business processes (which are considered to be the hardest papers for my qualification) which has made me think I would be better off working in an area related to this. There is a position in my firm's risk advisory department that has opened up, and they are keen to interview me. The role involves mostly internal audit with some controls advisory too. This seems (on paper) to be something I am more suited to. But everyone seems to really really look down on internal audit. Is it really that bad and should I avoid this role and go for something else? [link] [comments]  | ||
| Possible to switch from risk Assurance to consulting within a Big4? Posted: 03 Jun 2018 08:13 PM PDT Just curious if this is even possible and if it is what would one need to do to make it happen? Thanks for all the advice guys as always! [link] [comments]  | ||
| Odds on Senior Internal Audit Job in F1000 Company Posted: 03 Jun 2018 07:41 PM PDT Trying to figure out my odds of securing a senior internal audit position at a F1000 company. I am intrigued by 18-24 month rotation programs where a permanent placement in the company is offered upon completion of your rotation. By no means do I want to be in internal audit the rest of my life. So, I guess a little about me.
So I guess my question is - what are my chances of securing a position described above? I plan to work the summer and probably start looking after September when our annual bonuses are paid out. Is that enough time at the senior position to be seriously considered for these positions? Any advice to bolster my chances would be greatly appreciated. [link] [comments]  | ||
| Is 5 weeks enough to study for FAR Posted: 03 Jun 2018 01:11 PM PDT While working full time? I'll be working till 6 and then studying 4 to 5 hours and full time studying on weekends [link] [comments]  | ||
| Governmental accounting questions Posted: 03 Jun 2018 04:35 PM PDT Why is it such a unintuitive, needlessly complicated mess? Why does it physically hurt me when people speak of it? And why do people who know it inside out give me seizures? [link] [comments]  | ||
| Posted: 03 Jun 2018 06:45 PM PDT I will be participating in PwC's Elevate SLP. The recruiter said that if you get selected for the program, you are almost guaranteed an internship offer. Is this true to any extent? [link] [comments]  | ||
| Community college student need advice Posted: 03 Jun 2018 04:21 PM PDT Backstory is I went university straight out of high school with mechanical engineering as my intended major. I dropped out after a year and just laid around and worked at my dad's restaurant for a year and a half before deciding to go back to school. This spring semester I did 12 units at the local college and chose to dip my toe in accounting and I think there is a future for me in accounting. The classes I'm going to take this summer and next fall will make me eligible to transfer but the schools I want to transfer to historically don't do spring admission (CA public universities)so I will have next spring free to do whatever I want. So the options I see myself having are to
I'm still pretty unknowledgeable about this profession but from some research I guess the goal is Big 4. Reason I chose accounting is because I'm slightly autistic and have always fantasized about having a steady office job. I enjoy the repetitive nature of accounting (this is just the impression I got from the 1 accounting class I took) and I'm really into following rules and structure. Would appreciate any advice [link] [comments]  | ||
| Posted: 03 Jun 2018 03:59 PM PDT I doubt they'll be as hard, but are the equivalent units, NPV, IRR, RIR, etc? I'm shit at memorizing COSO, so I'd prefer calculation MCQs. Just want to get an idea what I'm in for. IDK how to feel about BEC. It seems easy, but at the same time, idk what to expect. I've done 6 progress tests and am averaging around 90%. I did 1 mock and got a 58%, but after reviewing it, it just straight-up graded my answers wrong on one sim worth A LOT. After adjusting for that, I would have had a 74.5%. Take mock 2 tomorrow probably. Any other tips would be appreciated. Thanks, all! [link] [comments]  | ||
| How math intensive was your BEC Exam? What were the SIMS like? Posted: 03 Jun 2018 08:51 AM PDT | ||
| Posted: 03 Jun 2018 02:19 PM PDT I recently got offered a position as a RA intern with a Regional firm that is expanding. The internship is for next summer but I don't know what to expect for the internship. I've heard the general advice of "be eager to learn" but beyond controls testing I don't know what else to expect. This firm advertises treating interns as first year associates from the start so I want to be prepared. Any advice of what to expect would be appreciated! [link] [comments]  | ||
| Wasn’t the score release on June 10th? Posted: 03 Jun 2018 09:44 PM PDT | ||
| Staff accountant salary negotiation help Posted: 03 Jun 2018 09:03 PM PDT I have been working in A/P for several years. I am currently about a year away from obtaining a bachelor's degree. My boss and I have been talking about the possibility of becoming a staff accountant within the next 3-4 months. If I get a promotion, how much should I ask for given that I don't have a bachelor's degree yet? It seems like a the median staff accountant salary in my area for my field is $48-52k. [link] [comments]  | ||
| I want to work full-time but was advised not to by my parents and my peers. Posted: 03 Jun 2018 08:52 PM PDT So I have been an intern at an organization making "decent" amount for an intern. My manager has suggested me to apply for a full-time position and I wanted to give it a try. My concern is that I would not be able to handle working full time and going to school concurrently. My mom suggested I finished school first (She is helping me with the rent) and then work full time. I am not in any financial rut, but I just feel like it is too much of a burden on them if I don't work full time while I am living alone and paying rent. What should I do? I don't need to take out any loans since my parents are helping me out and I get financial aid. [link] [comments]  | ||
| Posted: 03 Jun 2018 08:06 PM PDT I graduated from Santa Ana College with an Associate of Science, Business Administration degree (3.9-plus overall GPA, 4.0 major GPA). I'm transferring to Cal State LA where I'll be working toward a Bachelor of Science, Business Administration degree with an emphasis in Accounting. I have about eight years of work experience, from oldest to most recent: retail customer service clerk, administrative assistant, inside sales coordinator, purchasing clerk. I quit my job in 2015 to work on my associate degree full-time. I've applied to several internships for this summer, but I haven't received any call-backs or e-mails. I think I missed the boat for this year. My question is: What can I do now to position myself to get a good job upon graduating from college? Living in LA, I'm interested in going into the entertainment industry, Big 4, local government, or a Fortune 500 company. I'd like to get an internship, but I think I'm doing it wrong. The internship coordinator at my community college wasn't helpful (no communication whatsoever), and I'm the first in my family to go to college so I don't have anyone to turn to. Thank you. [link] [comments]  | ||
| How come the jobs on Linkedin don't give a salary range? Posted: 03 Jun 2018 08:04 PM PDT Well at least the jobs I am seeing don't give a salary range. Why is that? [link] [comments]  | ||
| Moving into local government from big 4/fortune 500 Posted: 03 Jun 2018 07:54 PM PDT I'm early 30s now and exploring the job market in local municipalities for finance/accounting roles. My background is in big 4 & SEC reporting at the manager level, and I am a CPA. No previous experience with government accounting. If I wanted to transition to local government with the goal of being a finance director for a town or something, anyone have ideas on how I would do this and what level someone with my background could come in as? Any other ideas would be helpful. Thanks [link] [comments]  |
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