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    Friday, June 29, 2018

    Accounting My firm’s IT department.

    Accounting My firm’s IT department.


    My firm’s IT department.

    Posted: 29 Jun 2018 09:30 AM PDT

    When your class tries too hard at networking

    Posted: 29 Jun 2018 02:09 PM PDT

    How do y'all feel about Quickbooks?

    Posted: 29 Jun 2018 11:46 AM PDT

    Personally I'm not intuit.

    submitted by /u/accountyaccountant
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    Why you should choose one offer over another - perspective of a former Big 4 Advisory Partner/Professor

    Posted: 29 Jun 2018 06:11 AM PDT

    I am a former Big 4 Advisory Partner who earned his PhD and am now an accounting professor at a major university. (obligatory disclaimer: these views are my personal views only).

    In my experience, here are the factors that you should consider in deciding between offers. They are in rough order of importance (in my mind).

    Factor 1a - How will this job look on your resume when you go to apply for your next job? I am a huge fan of stretching yourself and holding on as long as you can for the very best position that you can. It is much easier to move down than to move up. Frankly, I took my Big 4 job and figured that they would unmask me as a pretender within two years and then I was going to float down to the next tier. Imagine my surprise when I ultimately made partner!

    Factor 1b - Do you like the people that you will be working with? If you cannot stand the people (or your manager etc), you will leave far earlier than if you actually like them. Do not think that you can "tough out" a bad personality mix. If you are outgoing, find a job where others are or else you will hate every minute of it.

    Factor 2 - Does the offer have lots of different things that you can do? In other words, it is often a mistake to go into a practice that does only one thing (e.g. auditing financial institutions). You will change interests in two years and, if there are lots of opportunities where you are to grow and develop within your firm, it could be simply be a position change within the same firm. For me, I zigged and zagged my way to Partner and gained some great experience along the way. Otherwise, you will have to change firms, which is hard.

    Factor 3 - Do they make partners or bring partners in from the outside? A firm that makes partners is far more likely to be vested in your success. While a limited number of outside partner hires are good (e.g. for very specific expertise), you should prefer a firm that makes it own partners.

    Factor 4 - Are you paid good enough? Average partner compensation is $600k now. A few thousand dollars now are utterly insignificant if the other factors are good. But, you need to believe that you are being paid fairly or else it will grind on you every day.

    Wow...my first ever Reddit gold! Thank you anonymous stranger! I'm touched!

    submitted by /u/FormerBig4Partner
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    When it’s the end of June and you’re fresh out of charge hours

    Posted: 29 Jun 2018 02:58 PM PDT

    Figured I would repost this for those who haven't seen it.

    Posted: 29 Jun 2018 03:27 PM PDT

    Treasury, IRS reveal a postcard-size form to file your taxes, which will starting next year replace the current forms 1040, 1040A and 1040 EZ

    Posted: 29 Jun 2018 10:10 AM PDT

    I'm done failing.

    Posted: 29 Jun 2018 07:39 PM PDT

    I recently got a full-time job working in finance (entry-level) and back in school taking part-time courses in accounting to get a professional designation. In college I took a course called Intermediate Accounting 2 (Canadian book by Donald, Kieso, Jerry) which is part of the course required to get the CPA, and failed it twice last year. This year, I thought I could try again, and did it again. This is now my fourth time trying, and I just found out I failed my midterm mark is a 50%, when I need a 63+ at the end of the course (final exam is worth 50%).

    I've decided to drop this course after 3.5 times of re-taking it, for the first time. Working full-time, with a part-time job on weekends, and volunteering has completely exhausted me– mentally, physically and emotionally. This time, after discovering I failed my midterm I just feel indifferent. Certainly, I bawled my eyes out, but not as much as the past times I failed. I don't want to feel indifferent, instead care but I just don't have it in me...

    My study habits are terrible, time-management equally worse. I don't really know the point of this post but I guess I'm asking for help? Yes, I dropped the course but I don't want to give up as I'm planning to retake this next summer while I take other courses such as electives and what not. Study plans, to how to take tests, etc.

    I want to do better and be better, Just don't know how anymore. I genuinely thought coming home from work everyday, practicing problems (though not perfect) and homework given (not all of them) would get me a better (above 50%) grade, but clearly I'm just stupid. I don't mean it in a bad way, as I love to surround myself with smart people. And this time around, I want to learn and understand accounting principles but right now anyway, I feel helpless and hopeless.
    How should I go about this? Any study habits/process to follow, schedules (especially those that work full-time), etc. Any help is appreciated.

    submitted by /u/pumpkinsh3ll
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    Words of encouragement for the 74s of the world?

    Posted: 29 Jun 2018 11:17 AM PDT

    Feeling pretty down guys, I need some encouragement. I work full time and have two babies. I've missed my family time so much while studying Jan-June, and my busy season starts September-ish.

    Not ready to go back and restudy, but the clock is ticking as I have FAR passed and expiring next Sept.

    Was hoping to be done... I'm more upset that I was so close to freedom. 74, 74, 70.

    Send me some hope guys.

    submitted by /u/Crossboe
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    Free Talk Friday

    Posted: 29 Jun 2018 08:45 AM PDT

    How's everyone doing?

    submitted by /u/James161324
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    Trump's New IRS 'Postcard' Is Not So Simple And Not Really A Postcard

    Posted: 29 Jun 2018 11:13 AM PDT

    [US] Anybody been to KPMG's Ace the Case? Trying to get a basic gist of what it is

    Posted: 29 Jun 2018 06:30 PM PDT

    Not that much info out there for me to really figure out what it is/how to prep for it. Plus it appears its a two day thing everywhere I saw, but where I am it seems it's a one-day event, and not only that but a partial day where you get your own time slot. So I'm real confused

    submitted by /u/ta6514
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    Would you accept an offer for a KPMG job in South Africa?

    Posted: 29 Jun 2018 06:22 PM PDT

    Considering the scandals and bad publicity, would you work for KPMG?

    1. If you were given the opportunity to join the firm in the office/location of your choice, would you accept the offer?

    2. Would you accept the offer if you were required to travel/work in South Africa for a significant part of the year?

    submitted by /u/AccessDeniedx
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    Promoted to Audit Senior with a good raise!

    Posted: 29 Jun 2018 09:28 PM PDT

    Hi all, i just wanted to let you know I graduated college may of 2016 completely lost and had no clue what to do. Somehow landing an internship which turned into a full time job 3 months later. A year and a half later, i'm now an audit senior and received a 25% raise! So happy!!

    submitted by /u/brandonng
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    I have my first interview for a job in the accounting field-advice?

    Posted: 29 Jun 2018 09:20 PM PDT

    Hello accountants of Reddit! I'm still a student (senior) and I somehow got lucky and landed an interview for a corporate auditing position. This will be my first interview for an accounting related job. I had a phone interview yesterday and honestly thought I did terrible. I'm generally an awkward person and I felt like I was unprepared, so I don't want that to happen again. They told me they would contact me next week cause they would be busy all day today if they want to set up an in person interview and...I got emailed for an in person interview! I guess they liked me? Haha. I plan to prepare all weekend for this, and plan to do lots of research on the company. I also plan to write a list of questions based on the job description, would it be appropriate to bring that list to the interview? Also, would it be appropriate to ask about advancement opportunities? I asked 2 questions on the phone interview, "what does training consist of?" And "how much of the work is teamwork vs. individual work" (this was in the job description. It was all I could think of on the spot and I didn't want to seem uninterested so I felt it was important to ask questions. The interview is supposed to be 2 hours long! I'm not sure how that could possibly be, but does anyone else have experience with an interview that long? Overall I just need advice. I know the basics, dress nice, eye contact, smile, but how do I not let my awkwardness show? I honestly don't know why anyone has ever hired me before cause I'm that awkward. I can be conversational though when it's on a topic I'm passionate about or knowledgeable in. Is there anything specific I should ask? Thanks!

    submitted by /u/sarnicnav
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    Question about 120 credit pathway for NY

    Posted: 29 Jun 2018 09:08 PM PDT

    I've just completed my last part of the CPA exam and am so glad it's finally over. However, I'm doing the 120 credit pathway because I only have 132 credits right now. Will I have any official letter saying I passed all the exams (for evidence to my firm), or do I only get that once I get 150 credits?

    submitted by /u/maywoodred25
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    TheBig4Accountant

    Posted: 29 Jun 2018 08:50 PM PDT

    I was wondering why I wasn't seeing posts like I normally did from TheBig4Accountant. Turns out he blocked me.

    If I used any of his posts, I definitely gave him credit. So, the only thing I can think of is that he feels threatened? Makes no sense to me. We are in it to get some good laughs out of people...why block a fellow meme page? If you read this TB4A, that's real mature dude. I would expect better from a fellow CPA.

    submitted by /u/_BeAuditYouCanBe
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    CPA Bonus - How Do You Provide Proof of Scores?

    Posted: 29 Jun 2018 08:08 PM PDT

    North Carolina here, if that helps.

    I'm curious about the CPA Bonus that Big 4 and a lot of other firms offer, and your experiences. Did you have to provide proof of scores via an official letter, screenshots, or something else? I've recently passed the exams and curious what documents I need to obtain before my start date (coming up in a week) to have everything in order. Thank you so much in advance!

    submitted by /u/sonic371
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    Dog shit GPA, Any hope?

    Posted: 29 Jun 2018 10:22 AM PDT

    As the title says, has anyone got any success stories after graduating University/College with a low GPA? I'm scraping through with passes and I've had a few fails under my belt. My GPA is below the required to enter the intern program that the university runs for students and I just feel like a useless fuck at this point.

    submitted by /u/Classicponyboy
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    How do I automate-proof my accounting job for the next 20-30 years when I only have bachelor’s degree in an unrelated field?

    Posted: 29 Jun 2018 08:17 AM PDT

    I really enjoy my job as an accounting clerk (payables, receivables, credit manager, have done auditing at hotels too). I have read in numerous places that lower tier accounting jobs like mine are endangered of becoming automated in the next 20-30 years - I'm in my early 30s, so I will still obviously be around working if automation succeeds as predicted.

    I have read that higher-tier accountants (like controllers, business analysts and consultants, etc.) will still have their jobs even if automation for accounting would succeed - however, for many of these jobs, they require education and credentials in accounting.

    Which of the following would be the best investment of my time/money if I want to continue in accounting, and safe-proof my accounting career to automation?

    1) I already have a B.A. in an unrelated field to accounting. Go back to school and get my B.S. in accounting?

    2) Get my certification in accounting at a community college?

    3) Get an Associates degree in accounting at a community college?

    4) I have heard of just obtaining my CMA (unlike the CPA, you just need a bachelor's degree and it doesn't need to be in accounting) - the problem with that is, the CMA requires you to work for 2 years in a higher tier accounting profession, and guess what? Most of those higher tier accounting professions are requiring a minimum B.S. degree in accounting.

    5) Get my accounting certification (OR) associate's in accounting PLUS a CMA?

    submitted by /u/ImNoBozo
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