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    Thursday, July 5, 2018

    Accounting ?????

    Accounting ?????


    ?????

    Posted: 05 Jul 2018 08:03 AM PDT

    Change my Mind

    Posted: 05 Jul 2018 07:22 PM PDT

    Happiness

    Posted: 05 Jul 2018 08:38 PM PDT

    Feel free to ignore this post. I just need to vent.

    So I passed the CPA exam last week. I did well, scores over 90 on all 4 parts on my first try.

    I felt absolutely nothing when I got the news. There was no relief that I wasn't going to have to torture myself more, and there was no sense of accomplishment, no happiness.

    With that done I've accomplished every goal I set out for myself in college. And it feels so empty.

    I'll be starting with a Big 4 soon, and I like accounting. I just don't know what to do to make myself happy.

    I know that throwing myself into a Big 4 job is a good way to remove yourself from the outside world, and that's part of the allure to me. If I can just throw myself into an 80+ hour workweek, I won't have to face the idea that I don't like myself, or my life, or the people around me.

    If I just work as hard as I possibly can, and forget that there's an outside world, maybe I can forget how profoundly unhappy I am.

    I've noticed that I'm drinking more. Almost every night now. Maybe that will keep my mind quiet.

    submitted by /u/doesit-even-matter
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    [CAN] [CPA PEP] July 2018 CORE 1 EXAM thoughts?

    Posted: 05 Jul 2018 03:06 PM PDT

    How did you guys find the exam? I'm pretty sure it'll be a common theme but I thought the case was reasonable while the MCQ was really challenging. Hoping the curve on the MCQ is enough to get me through..

    On a side note, I bet the exam writers had a good chuckle when we had 8 weeks plus an orientation and module case of rev rec practice cases only to NOT see rev rec on the exam case. 🤦🏻‍♂️

    submitted by /u/just4kix_305
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    [CAN] Questions about Capstone 1 presentation

    Posted: 05 Jul 2018 06:48 PM PDT

    What kind of questions does the board ask? Do they take up the entire 15 minutes to ask questions? How in depth do they ask about your financials? I heard it's almost impossible to fail, is this true? Any advice in general?

    submitted by /u/BBA2017
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    When an accounting student gets his eyes checked.

    Posted: 05 Jul 2018 05:58 PM PDT

    I had an eye appointment the other day and for whatever reason the name for the letter O wasn't coming to mind. I said "Zero," to which my optometrist asked if I was studying accounting or finance.

    submitted by /u/firstaccountwasdumb
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    Just took AUD...and I don't know how to feel

    Posted: 05 Jul 2018 05:52 PM PDT

    I took AUD today and I have no idea if I did well enough to get that 75. The MC was alright. A lot of compilation and review questions, which I beat into my brain. The rest seemed to be mixed bag for the most part. I saw a couple employee benefit plan ones. I didn't study those at all but what's done is done. What really sucked was the sims. Although I did pretty well on them on the practice tests, some of them were really subjective and could've gone either way. I finished an hour and a half early and I was trending 90% and above for the week leading up to it. While these seem to be good signs, there seems to be a common consensus that if you finish early or feel like you've aced it, you probably fell short. Now for FAR, but tonight...I get wasted.

    submitted by /u/jukakis01
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    Working for Big4 in US vs UK

    Posted: 05 Jul 2018 11:59 AM PDT

    Hi all,

    I'm currently working for one of the Big4 in the US as a tax manager and have an opportunity to move to the UK (London) to work in the US tax practice for one of the Big4.

    I noticed though that the salaries for accountants in the UK seem to be much lower than in the US. For example, tax managers (in public) will start at about $105K but in London it seems like the average is about $83K (63K GBP). Given London's high cost of living, I thought it would be higher?

    I know healthcare is free (or nearly free) in the UK which would help with the difference but are there any other social benefits for residents? I would love to travel to other parts of Europe so the proximity and cheaper airfare seems to be a perk.

    Working in London for a couple of years seems like a once in a lifetime opportunity for me but the large pay cut and increased cost of living is giving me second thoughts.

    Any thoughts or input would be greatly appreciated!

    submitted by /u/Silverfoxbolt
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    Exam Matrix vs Ninja MCQ

    Posted: 05 Jul 2018 08:32 PM PDT

    Hey r/accounting,

    Looking for help on passing my last CPA section, AUD. I've been using only exam matrix and I successfully went 3/3 on FAR, REG, and BEC. Unfortunately, I failed my latest section, AUD, with a 74.

    I'm a little worried that if I buy Exam matrix again, I will just be memorizing the problems and not actually absorbing the info. Furthermore, I think Exam matrix was purchased by another company a while back because the layout of the website completely changed and there are now significantly less MCQ's available than there was before when I was studying FAR and REG.

    So my questions are this:

    1. How different are Ninja and Exam Matrix?

    2. How many questions are on Ninja for AUD? I think Exam matrix had ~1000 when I was studying in March/April.

    3. Are there any relatively affordable test banks I can purchase besides these two that you would suggest?

    4. Unrelated, but I already submitted my application to the state of CA? Any idea how long it takes to get a new NTS when reapplying?

    Any other advice or help to get over the 74 hump and join the CPA club would be appreciated.

    Thanks!!

    submitted by /u/Badmoodsbear
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    [CAN] [PEP] [Core 2] Is it normal to have found the MCQ an absolute shitshow?

    Posted: 05 Jul 2018 02:15 PM PDT

    I took the exam yesterday. The case went okay, but I can't say the same for MCQ. I know nobody knows how much weight each part carries, but here's where I hope that the case is weighed more, and the MCQ is curved to my favour.

    I found that many of the strategy and governance MCQ were easy because they were short. But my concern is whether I got enough management accounting MCQ correct. I'd hate to fail because of the MCQ section.

    This honestly felt harder than core 1, and I'm actually horrified to get the result.

    Who's in the same boat?

    submitted by /u/jenkinsonfire
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    How much problem solving in Accounting?

    Posted: 05 Jul 2018 08:00 PM PDT

    I'm about to go into my 3rd year of my Accounting degree. I am wondering how much actual problem solving goes into the day to day of being an Accountant? I was about to switch to computer science because I felt there would be more of that there. My fear is being disgustingly bored at work with the mundane routine.

    submitted by /u/armydoctor
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    Homework help? So confused

    Posted: 05 Jul 2018 07:45 AM PDT

    Homework help? So confused

    I'm trying to create a journal entry for the following statement:

    "Called the bonds at the contractual call price of $109,000. The 5% bonds pay interest semiannually each June 30 and December 31."

    I have no clue what the debit account is but I have Bonds Payable and Discount on Bonds Payable for the other two entries on the credit side (though it keeps teetering between the Discounts being correct/wrong so I'm honestly unsure.) We've never discussed bonds in my Intermediate I class and this is an extra credit assignment. The online resources I've found don't have this portion in the problem on Chegg that I've seen. Any guidance would be appreciated!

    https://i.redd.it/k6c9i25w65811.png

    submitted by /u/skepticale
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    OOTL / ELI5: What is going on with KPMG recently?

    Posted: 05 Jul 2018 10:07 AM PDT

    I've seen some posts and articles about KPMG recently and maybe something about legal trouble? What's going on?

    submitted by /u/nadroj37
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    Best way to review FAR (w/ Becker)

    Posted: 05 Jul 2018 07:21 AM PDT

    Hey /r/Accounting,

    I just went through the Becker F1-F10 for the first time and I'm looking for what are some of the best ways to maximize a review of everything for my test in 2 weeks. Of course, I'm going to complete the mock exams and see what areas to focus in on most, but would it be wise to review simulations or just hammer multiple choice q's? (I don't have the final review)

    submitted by /u/theworldglobe
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    Just took FAR. How should I feel?

    Posted: 05 Jul 2018 09:45 AM PDT

    Took FAR once and got a 71. Took a break from studying then started again for about 7 weeks and busted my ass with it. There were a couple questions I had to 50/50 guess on and one part of a sim that i didn't have 100% confidence in because of time. But for the most part I felt like it went pretty well (compared to the first time i took it and felt awful afterwards). Now I am freaking out because I feel like if I studied this hard and felt this well after and if I still don't pass then there is absolutely no hope.

    submitted by /u/elfliner
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    Tomorrow I will be shadowing A/R.

    Posted: 05 Jul 2018 07:19 AM PDT

    I will get to finally shadow someone from the accounting world tomorrow. I was just wondering if anyone has experience in Accounts Receivable , what it is that they generally do? I know to take notes and ask questions and that is not an issue because this is a dream come true, but if anyone has some extra advice that would be greatly appreciated.

    submitted by /u/msalvo123
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    Busy Season Internship...Advice?

    Posted: 05 Jul 2018 05:40 PM PDT

    Hi all,

    I recently accepted an internship for next spring (January-March) in audit. I will be a junior at college this coming year - taking Advanced, Info Systems, and Business Law. The firm is small (about 60 people) but is one of the biggest/most popular in the area.

    Does anyone have any advice for me before I start? I'm hoping to learn more about Excel during my Info Systems class...I've done very well in my past accounting classes, but I'm worried it won't translate to the real world.

    Any advice is appreciated, thanks!

    submitted by /u/Machew23
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    I have an interview tomorrow a couple questions

    Posted: 05 Jul 2018 05:30 PM PDT

    1. Should i/do i have to shave?
    2. What should i expect to be asked? With technical skills?
    3. Will they ever ask about grades? What if they do? I'm still a student, but i left my GPA off my resume, i really don't wanna explain a sub 3 GPA
    4. What should i expect from the interview itself? all interviews i've had before have all been about business, and accounting isn't the most "fun" thing out there but i don't expect a boring interviewer
    submitted by /u/HalaMadrid97
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    I would like an opinion

    Posted: 05 Jul 2018 03:14 AM PDT

    Hey everyone

    I am a 22 year old guy with a degree in economics. After finishing my degree I applied to internal audit internship, where i currently am a year later. I know face a huge dilema and I would like your honest opinion on the matter:

    I applied to a masters degree in accounting, taxation and corporate finance and was successfully accepted. This was in January.

    Last week I received a proposition to work at a Big4 in internal auditing. (Bear in mind, I actually like audit alot and I am thinking on pursuing this area in the future).

    So my question is: what do you guys think? Should I continue my studies or just embrace this new job opportunity?

    I apologize in advance for any spelling errors, english is not my native language.

    Thank you!

    submitted by /u/TugaRuca_20
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    TAXES on Dependent college student

    Posted: 05 Jul 2018 04:18 PM PDT

    Student with over $25K.

    If I put 7500 in stocks, would it affect my Financial aid? Would the I.r.S know I have this invested? I won't realize any gain until 10 yes from know. Would dividends affect me, in terms of reporting them because I know at least in CA that if your a dependent student under 24 yrs and makes less than $4,500 then you won't have to report it. This is correct. If you'd be kind to help me clarify these concerns I'd appreciate it very much. If you need any more information please don't hesitate.

    Thank you for the advice and clarification.

    submitted by /u/hankhill007
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    Leaving after a year in public

    Posted: 05 Jul 2018 07:47 AM PDT

    Sorry I'm not sure how to link my previous post on mobile. I posted about leaving before.

    I want to leave public after a year so I have the experience but can take the CPA exams later on my own time.

    Anybody here do this or leave public after a year? Would love to hear the input of what job you took after and why you left your public firm. Thanks!!

    Edit: figured out how to link that previous post as it better explains my life and lifestyle.

    https://www.reddit.com/r/Accounting/comments/8uogqc/accounting_jobs_for_nontraditional_grads/?utm_source=reddit-android

    submitted by /u/L_Reading
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