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    Saturday, June 2, 2018

    Accounting When you receive PDF image of a spreadsheet that you can't OCR

    Accounting When you receive PDF image of a spreadsheet that you can't OCR


    When you receive PDF image of a spreadsheet that you can't OCR

    Posted: 02 Jun 2018 10:53 AM PDT

    Me irl

    Posted: 02 Jun 2018 02:10 PM PDT

    Keep studying account even if I don’t graduate until I’m 36?

    Posted: 02 Jun 2018 08:49 PM PDT

    TLDR: should I leave a stable job with little growth opportunities to get into accounting?

    A lot of background: I'm 33 with a a BA in English from West Virginia (2010); I manage the propane division of a regional fuel supplier and have a salary of $62,000 with a 4% share of net starting in Q1 2019.

    Although it's a great salary for the moment, there aren't many opportunities for advancement: maybe 3 lateral moves and two higher positions (controller and president).

    I have been taking accounting courses part-time at a decent liberal arts university in the area (Seton Hill, Greensburg PA) for 3 semesters. Being that I have another bachelors, I only have to take major-specific courses. With my work schedule (45-55 hours per week from April to September, 60-70 hours per week the rest of the year) I can finish a BS in late 2020/spring 2021. At present, I've a 4.0 in major courses (15 credits finished, 6 in process).

    If it were all that simple I think I'd be confident continuing on, but here's the rub: I want Big four but am stuck in the Greater Pittsburgh Area; suffice to say that I'm in serious debt (a personal arrangement to refinance a portion of my wife's med school debt) that keeps me here.

    Above and beyond all that, I'm concerned my age will be a huge strike against me after graduation.

    Here are the options as I see them:

    1) stick it out in a job I hate and just keep growing the profits thus increasing profit-sharing.

    2) quit work ASAP and finish B.S. at a more prestigious University in the area (University of Pittsburgh wouldn't be a stretch, Carnegie Mellon would be) but lose income of $62,000 plus and add $20,000 or more in tuition costs (current employer is paying for undergrad at present). This would allow for internships and networking not open to me when studying part-time.

    3) stick it out and graduate in 2020/21 from Seton Hill, then try to get an entry level position without an internship.

    4) stick it out, graduate BS from Seton Hill, quit work and head into a MAcc. This would involve a loss of at least $62,000 in salary and the cost of tuition.

    If it is relevant, wife is a family practice doctor making $220,000/year. We have $725,000 in debt (divided between mortgage and med school loans).

    Thoughts? I would genuinely appreciate any advice. I'm aware these options aren't exhaustive, if you've suggestions apart from them I'm open.

    submitted by /u/throwawayreasons8985
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    [US] Incorrect filing. Is it unreasonable my accountant pays fees+interest?

    Posted: 02 Jun 2018 06:51 PM PDT

    My 2016 taxes were filled incorretly and two weeks ago I got a letter saying I owe 11K taxes 1.5K interest and 3.5K fees, after talking to my accountant he admitted fault and said he would cover the fees but not the interest because "You had the money the whole time" and that "even if it's his fault, no accountant pays interest in similar situations."

    I paid him to prepare my taxes and he messed up, I think he should pay fees+interest. What do you guys think? What's standard practice in this situation?

    Thanks for your help!

    submitted by /u/RatonVaquero
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    How many of you in public have kids?

    Posted: 02 Jun 2018 08:14 PM PDT

    I know this subreddit is a lot of single people but just wondering how many of you have children? Basically just wondering how you manage it? Do you have a cpa? I really want to do big 4 audit and get a cpa if I am able to , but it just seems so overwhelming based on what I read here. I'm willing to put in some work for a few months straight but is the downtime enough downtime to handle your life? Thanks for the feedback.

    submitted by /u/Mo1459
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    Transfer Pricing count for CPA?

    Posted: 02 Jun 2018 09:40 PM PDT

    Does it count for CPA experience, looking at the job description, it doesn't look like it. But I've seen many job postings for manger positions preferring an accounting designation....

    submitted by /u/Kindlyare
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    KPMG phone interview question

    Posted: 02 Jun 2018 07:21 PM PDT

    I recently had a phone interview with a manager in the advisory department out of New York City for an associate position. At the end interview of the interview I asked what the next steps were in the hiring process. The manager said he would reach out to HR with "feedback" and then HR would contact me.... does that mean I won't be offered for a in person interview?

    This was Thursday. I thought the interview went well but not extraordinarily well. I'm pretty neutral on his response. What do you guys think? Good sign or bad sign?

    submitted by /u/blindkaratemaster
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    Recently graduated with a BA in Accounting and have some questions about the CA CPA requirements

    Posted: 02 Jun 2018 04:15 PM PDT

    So I just graduated this May and am obviously looking towards taking the California CPA exam. However, I have a ton of questions on the required units and areas of study. I have all the business courses done and need 1 more accounting course to sit for the exam, but mainly have questions on the ethics portion.

    I've been going through this PDF to help me out: https://imgur.com/n33ZM2i

    I guess the main thing I'm confused about is what courses can satisfy what areas of study?

    Can some courses satisfy multiple areas? For example can a class such as an auditing course satisfy the accounting subjects and ethics studies area?

    If I took a lower level GE elective like philosophy during undergrad would that mean I can't take another philosophy course towards ethics because there's a max of 3 units for that category?

    Can I take the same class more than once?

    If all these requirements are met and I still don't have enough units can I just take any random course until I meet the 150 units?

    submitted by /u/SooBoss
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    ELI5 par and cost method (FAR exam)

    Posted: 02 Jun 2018 09:40 PM PDT

    I am getting the journal entries mixed up between these two. Are there any mnemonics or tips on calculating a reissue for both par and cost method?

    submitted by /u/rwoods213
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    Could someone give me some pointers with monthly cash collection forecasting?

    Posted: 02 Jun 2018 08:54 PM PDT

    What's a simple way of forecasting cash collection for the next month?

    Would I just take the total sales from the previous month and use that as a target?

    submitted by /u/readerside
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    Converting plus/minus scale to regular scale for job GPA requirements

    Posted: 02 Jun 2018 08:37 PM PDT

    Friend is applying to big 4 accounting firms. Has a 2.95 on the LSU plus/minus, but a 3.225 on regular scale that all other schools mostly use. Can they attach supporting doc to their transcript and say yes to having over a 3.0? So far all have been denied because it doesn't meet minimum of 3.0, yet it would have had LSU not changed standards.

    submitted by /u/nastytaco4
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    [CAN] Question about CPA PERT prior experience report

    Posted: 02 Jun 2018 07:57 PM PDT

    I submitted an prior experienced report for my co-ops for the last two years a couple months ago. My previous employer signed the experience hours sheet.

    The status is "verified". I was just wondering is that it or are there any next steps? Was I also supposed to submit a profession assessment as well (not sure what that is)?

    submitted by /u/BBA2017
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    HW help?

    Posted: 02 Jun 2018 07:47 PM PDT

    Purchased 40% of an investment Investor sold 30% of investment Company still owns 28% of shares How do I solve for the 28%

    submitted by /u/WonderfulHumor
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    [US] Help with CPA study plan

    Posted: 02 Jun 2018 07:45 PM PDT

    Hi fellow accountants,

    As like many users on here now, I'm a recent college grad looking to study for the CPA. I live in CA where I understand that I can't schedule my tests until I officially have my degree (which I'm still waiting on).

    Do you think I should study in the mean time? I'm looking to get FAR out of the way before I start my job in September. Since I don't have my NTS I don't know when my test will be. Basically I'm worried about studying without knowing when my test will actually be. Alternatively I hear I can register for the CPA in a state where a degree isn't required?

    Thoughts, opinions, etc? All appreciated cause I know this gets asked a lot here.

    submitted by /u/mararthonturtle
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    Typical job after exiting public accounting?

    Posted: 02 Jun 2018 07:30 PM PDT

    I am an intern at one of the larger firms right now and am scheduled to intern big4 next summer. I hear a lot about people not staying long in public accounting due to the strenuous hours. I know a lot of people get employed by clients that they have become familiar with. I was just wondering what common types of jobs these generally are that people exit public accounting for. Staff accountant? CFO? Controller? I'm just trying to see a little bit clearer what I am getting in to (: Maybe mention how many years experience you had in public accounting or how many years you had worked on a client that hired you. Thanks in advance for any info!

    submitted by /u/Flvr_blstd_gldfsh
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    Big 4 Pros and Cons

    Posted: 02 Jun 2018 07:29 PM PDT

    Quick background - I'm a MAcc student that graduates this December. I studied finance in undergrad. All big 4 firms along with several regional come to my school for recruiting (RSM, BDO, CliftonLarsonAllen). I'm studying for the CPA exam and am contemplating trying to get hired at big 4 for audit. From this sub and Google, this is what I surmise so far:

    Pros: Work 3 years maybe 5 at most and you get your pick of accounting jobs or corporate finance jobs, learn a lot during this time, probably work with and meet really cool people, get to network with co-workers and probably clients. Let me know what I'm missing here.

    Cons: Lower pay compared to industry, higher hours than industry during both busy and non-busy season, nature of the work can be boring/mind numbing, there is kool-aid served in the break room next to the coffee and people expect you to either drink both or just the kool-aid alone instead of water. Also let me know what I'm missing.

    My assumptions: Big 4 experience is not going to help you get a job in investment banking or private equity. It's difficult (but not impossible) to either start in or transfer into transaction advisory services. Tell me if I'm wrong here.

    My questions: Is it worth it for me to work in big 4 audit given the pros and cons? Would love to work in investment banking but probably won't be able to due to how competitive it is. Will probably end up in corporate finance (FP&A, treasury, investor relations, hopefully corporate development/M&A) either as first job out of college or after doing big 4. Not sure if I should try to do big 4 first before corporate finance. Second question - If I do big 4 first then corporate finance, would I start as a senior financial analyst or still just start in an entry level financial analyst role?

    submitted by /u/dragoon2745
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    Please recommend a good college.

    Posted: 02 Jun 2018 07:26 PM PDT

    Please recommend a good college online for accounting , that Is not to expensive thank you very much .

    submitted by /u/Catnat16
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    What is your recommended cloud-based accounting program for a (very) small business?

    Posted: 02 Jun 2018 03:37 PM PDT

    I have been using Sage 50 for the bookkeeping needs of our small business; our accountant is willing to work with whatever program we move to, but won't recommend any. I would like to move my files to a cloud-based program and am considering Sage again, but I wanted to get your feedback about it and other programs available. Suggestions? Thoughts?

    submitted by /u/RoutineFollower
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    Question about Big 4 referral process

    Posted: 02 Jun 2018 11:51 AM PDT

    I'll be as direct as possible here - A friend of mine is Senior Associate level at a Big 4. I saw a job posting that I was interested in and my background fits the description almost perfectly, so I asked him for a referral, he said yes and he submitted my resume through the referral portal. The role I applied for is a consulting role, and he is on the accounting side of the firm. My understanding is that the firms are all very segmented in this way and there's not much communication to/from either side and he seemed to confirm this when we spoke. So, given some of this info here are my questions:

    • Given his place within the firm and the process, does my app stand a good chance of at least getting some attention (since the referral is from a different group within the firm)? Or does this not really matter? He indicated to me that his referral could probably get me an interview but couldn't guarantee anything past that, would like someone else to confirm.

    • Are there next steps I need to take to be proactive, or should do I just wait for someone to reach out to me? Trying to toe the line between being sure I'm not overlooked and badgering someone.

    *edit - typo

    submitted by /u/eyestrikerbaby
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    Have I screwed up my career?

    Posted: 02 Jun 2018 07:20 PM PDT

    Graduated state school: 2010, BBA Acct

    Public firm (top 10), Audit Staff, Jan 2011 - Sept 2011 - fired for performance due to personal issues (divorce)

    Public firm #2 (small), Experienced Auditor, Oct 2011 - May 2013 - left for industry (work life balance)

    Industry job, Senior Acct, May 2013 - April 2015 - left to change careers to BI

    Fortune 300 BI job, Senior Analyst, Sept 2015 - April 2016 - left to be closer to home and back to finance/acct for promotion and pay increase

    Industry job, Finance Manager/Assistant Controller, Jan 2016 - March 2017 - left because controller committed fraud and owner was planning on firing everyone, left before he could fire me

    Industry job, Senior Accountant, March 2017 - present, here because I need to be able to pay my mortgage

    No masters degree, no CPA. Looking for financial manager/FP&A job but can do accounting ones too.

    submitted by /u/TechyAccountant
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    For those taking CPA in Q2....NASBA just issued score report delay

    Posted: 02 Jun 2018 06:06 AM PDT

    By one day. June 28th (FAR AUD REG)

    submitted by /u/nalratoss
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    Can you generate tax deduction receipts when using sites like GoFundMe

    Posted: 02 Jun 2018 07:05 PM PDT

    When creating a personal campaign with GoFundMe the money would go to them, and then our registered 501(c)3 charity would deduct it from GoFundMe. GoFundMe would provide us the names of all donors with amounts. GoFundMe does not have platform fees just standard credit card % charge. Are we able to issue tax receipts based off the list we get from GoFundMe? Do the rules vary state to state?

    I am aware there is a charity platform with Paypal Fund but this isn't a good choice for us for many reasons.

    submitted by /u/fundraise10
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    How do you fill out a 4 column ledger?

    Posted: 02 Jun 2018 06:58 PM PDT

    I have a two column ledger and understand that completely, but how would i use a 4 column one for my business?

    submitted by /u/bookloverphile
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    Changing accounting firm during articling.

    Posted: 02 Jun 2018 06:52 PM PDT

    Hello! I have been articling in a small to mid size firm for about a year. I was approach by a recruiter about opportunity to work at a mid to big size firm. It got me thinking about the difference in articling experience between a small and mid size firm. My questions are: Should I consider moving to a bigger firm to gain more experience? What factors should I consider when changing firms? Is it a good idea to change firm during the articling period?

    Thank you in advance for any advice.

    submitted by /u/itzpaulc
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