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    Accounting Excel finally lets you deselect cells instead of starting over

    August 10, 2018

    Accounting Excel finally lets you deselect cells instead of starting over

    Excel finally lets you deselect cells instead of starting over

    Posted: 10 Aug 2018 11:01 AM PDT

    MRW the bonds in the sim are sold at par

    Posted: 10 Aug 2018 12:35 PM PDT

    Perfect timing

    Posted: 10 Aug 2018 05:57 AM PDT

    FAR Notes

    Posted: 10 Aug 2018 07:43 PM PDT

    [US] It's Friday, my boss is out, and I just finished a set of financials. Fuck it, I'm having a pitcher of beer at lunch.

    Posted: 10 Aug 2018 08:14 AM PDT

    Fuck yes.

    And perhaps some black tar heroin later...

    submitted by /u/RHJfRnJhc2llckNyYW5l
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    Do you ever stop chuckling to yourself every time you have your boss sign "Ass. Controller"?

    Posted: 10 Aug 2018 03:26 PM PDT

    To all college students looking for questions that will make them stand out at Meet the Firms this fall

    Posted: 10 Aug 2018 03:15 PM PDT

    Ask not what your firm can do for you, but what you can do for your firm

    submitted by /u/Arb142
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    So, what's the biggest mistake you've made accounting-wise?

    Posted: 10 Aug 2018 01:32 PM PDT

    I'll go first.

    I was working for a firm that was contracted with a fortune 100 company to handle certain areas of their accounting, such as certain taxes.

    Most of my experience with journal entries and reconciliations were with book to tax conversions, tax provision reconciliations, etc and I was unfamiliar with posting entries coded to specific accounts so my initial mistakes were enough for my peers and immediate supervisors to determine I was an idiot and had to go.

    Someone, who was not trained on how to train someone, was assigned to "help" me. It was an environment where any error was material and mistakes were met with the emotional equivalent of a kick in the dick.

    So, in order to get an idea of just how many errors were occurring (not to mention determining where in the transaction they were originating), I started posting correcting entries.

    Now, I wasn't under the impression that everyone else's work was perfect (although that seemed to be what the boss was presenting), but it seemed the 'talking to's I was receiving weren't intended to help me improve at all. I'm sure many of you are aware of 'true ups' and this was basically what everyone else was doing to obfuscate their error rate. I decided to use correcting entries to get an idea of what my error rate was over the course of the period.

    Unfortunately, my correcting entries ended up calling fire down on me (far from anything formal) and it's been a struggle to recover since.

    So, can anyone top that? Aside from the usual attempted suicide?

    submitted by /u/nurgleplex
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    (CAN) CFE/PEP Advice for Canadian CPA

    Posted: 10 Aug 2018 12:00 PM PDT

    I've seen a few 'give me advice' posts and I just wanted to post a few that have helped me when I studied and also help with candidates I work with.

    1. It all starts with the outline. If you've come to this stage, I know you are good with technical material. You just need to write cases. In order to be successful at case writing, you must know how to do outlines. There are many methods to doing outline. Watch youtube videos if you have to, but adopt a method and perfect it. They can change case facts on you but they cannot test anything that you wouldn't have seen if you've done enough practice. The outline helps you pick out relevant case facts and apply it. A good outline will result in a good case - and all you need to be is average to pass. Remember that the pass rate is 65-70%. All you have to do is be better than the average. Put your time in and you will pass.
    2. Understand what debriefing is. It isn't JUST reading the solution and saying "oh ya, I forgot this". It's figuring out why you didn't pick up on it or why you forgot it. Did you miss putting it in your outline? Are you one of those people who have good outlines but never look at it? Did you miss a trigger word? Dig deep. The answers are all there. Just have to find it.
    3. Remember to get your physical activities in while studying. If you only study, you don't tire out your body - only your brain. It can affect your sleep and therefore studying. Go out for walk or run or go to the gym. Whatever it is. Do something physical along with studying every day.
    4. When you're still feeling anxious remember that no one ever feels prepared to write the CFE. It's most likely humanly impossible for an exam like this to feel 'prepared'. The more cases you do, the better prepared you will be.
    5. Write what you know. If you throw you a curve ball and ask about pension accounting, answer ALL the other AOs first and only address it if you have time left over. If you've prepared enough, any curve ball for you will also be a curve ball for most people. Write what you know, get your C's in other AOs first before trying to figure it out. Get 4/5 rather than 1/5 and struggle on the 2nd AO. I only use pension accounting because no one knows pension accounting. I suspect even people DOING pension accounting don't know what they are doing. They just wing it. And the rest of us just nod along.
    6. Try to relax. Don't burn yourself out by studying 10 hours every day until the exam. Have a study schedule and put it to use. (Ie. Wake up, write a case, go for a walk, come back in and debrief). Structure it as you would anything else and it'll become a habit. Don't be one of those people who studies for 14 hours a day but 11 of those hours were looking at youtube. Schedule in breaks so you don't 'cheat' yourself.
    7. Write cases in the early morning when you would write the actual CFE (9-1 and 9-2). Get your body and mind into the habit of doing serious case writing early in the morning.
    8. Get a study buddy if you can who can mark each other's cases and give honest feedback.
    9. Know that if you happen to fail the CFE, it's not the end of the world. Write again. Most people put the pressure on themselves not because of the material or the case writing, but they just worry about failing to much. Worry about writing the exam.
    10. You have more than a month remaining. That's more than enough time to crush all 3 days.

    Good luck everyone.

    submitted by /u/CPA_tutor
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    Draft 2018 Form 1040 Released (Semi-Rant)

    Posted: 10 Aug 2018 02:19 PM PDT

    I never date people who use FIFO...

    Posted: 10 Aug 2018 10:35 PM PDT

    Because when I date it's for LIFO.

    submitted by /u/Alwayslate247
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    So many questions...

    Posted: 10 Aug 2018 08:05 AM PDT

    Working at Big4 for 1 year, auditing only government clients...will this pigeon-hole me?

    Posted: 10 Aug 2018 06:51 PM PDT

    Yeah so as the title reads Im 1 year in at working at a B4 in the south, and I'm curious as to whether or not the clients that I work on currently will shut me out of other industries whenever I jump ship to private. I think working for a public company within the pharma/technology industries would be pretty cool. Obviously I don't have experience with SEC reporting clients or anything like that, I'm kind of just hoping that having B4 experience on my resume will be enough to find opportunities within these industries. I'd reach out to have my schedule changed, but I really don't want to mess up a good thing; my team is great, I actually don't mind going into work everyday. At this point, I'm familiar with all of our gov clients, making my job easier. Changing industries could kind of throw a wrench in that.

    What do you guys think?

    submitted by /u/blueberriesrtight
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    Just took AUD

    Posted: 10 Aug 2018 10:50 AM PDT

    Managed to partially pull out the cactus that was rammed up my ass during FAR while on the mcq testlets but then the sims just rammed that cactus up even farther than it was previously lodged.

    And now I join the waiting squad for sept 11 to get both FAR and AUD back

    TLDR don't underestimate this thing like I did

    submitted by /u/Im_Tikos
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    Accounts Payable Position... boring?

    Posted: 10 Aug 2018 01:00 PM PDT

    I am finishing an 8-month long public accounting internship next Friday. I just accepted a part-time internship for the school year to be a part-time intern in a F500's AP department. Is this going to be a boring job? Just data-entry or what?

    Cool sidenote, the hours are convenient (work afternoons/nights) because I will be handling invoices for their Australian operations (I work from office in midwest US)

    submitted by /u/Flvr_blstd_gldfsh
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    I will fucking murder you if you debit A/R and credit Deferred Revenue, or debit prepaids and credit A/P. I don't givea FUCK. You do NOT gross-up your balance sheet you tards.

    Posted: 10 Aug 2018 10:54 PM PDT

    Is there a lazy man strategy to senior or manager promotion?

    Posted: 10 Aug 2018 05:06 AM PDT

    You know, tips to just slide by every year doing average work and still getting promoted, without having to suck up and put yourself through stress?

    submitted by /u/Aslan27
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    Should I contact my recruiter to change internship type?

    Posted: 10 Aug 2018 10:14 PM PDT

    Hi there, I went thru recruiting season as a MTax student and got a spring 2019 internship.

     

    I changed my major to double major in CIS and ACCT, and am looking for IT opportunities and not audit or tax. No longer planning on being a CPA.

     

    The firm is a 100+ local firm with "IT consulting" as one of their services. It seems like they only have 1 IT director and that it is a small part of their revenue. Not sure if they even have interns for it, but I rather have IT on my resume than a tax internship.

     

    Should I email my recruiter letting them know my change of interest and if I can intern in that service? Or is that too naive and will set me up for a bad experience during my tax internship?

    submitted by /u/momo_tree
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    Recent visit to firm - Presented excellent slides and I'd like a copy

    Posted: 10 Aug 2018 10:04 PM PDT

    I recently visited a midsize accounting firm and I thought that the information on the slides they presented offered an excellent outline for everything that anyone seeking an internship should be thinking about.

    I'd like to know if it's worth asking the firm in a follow-up email if I could get a copy of their slides or if this would be seen as infringing on some kind of proprietary information. As far as I could tell the slides didn't contain anything that I couldn't find on my own but I liked how concise and straight-forward the information was presented. Is this something firms would normally be willing to distribute?

    Specifically, it seemed like some of the slides were nearly a how-to guide for the steps necessary to successfully land an internship (obviously more than just following the steps is required), but I liked that they seemed to make the key components of their ideal intern very clear.

    submitted by /u/15decesaremj
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    What are some relatively affordable CPA Exam study materials or websites?

    Posted: 10 Aug 2018 03:38 PM PDT

    I am planning to sit for the exam in the first quarter of 2019. Most of the websites that provide review courses charge up to 2400 dollars. I have found very few books to study with, do any cpas have any advice?

    submitted by /u/getshrekt66
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    People who have passed the CISA what study material did you use?

    Posted: 10 Aug 2018 09:23 PM PDT

    Also has anyone used the CISA All-in-One Exam Guide, Third Edition by Peter H. Gregory? What do you guys think of it?

    submitted by /u/HJH5221
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    Aside from Excel, what’s the best financial accounting software you have ever used?

    Posted: 10 Aug 2018 11:14 AM PDT

    We use MYOB Greentree at work and it has its moments. Some of those moments are, sadly, a bit 'special'.

    I hold SAP in high regard, but I have not used many different systems.

    I'm interested to learn of your experience.

    submitted by /u/DigitalStefan
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    Have REG in one month, heard SIMs are brutal

    Posted: 10 Aug 2018 12:05 PM PDT

    REG is my last exam, and I heard the SIMs are pretty awful. Any advice? Or is it just know core concepts?

    submitted by /u/n1njah
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    r/Accounting: Tip for working with headhunters...

    Posted: 10 Aug 2018 08:29 AM PDT

    Hello! 3rd party recruiter here with 12+ years accounting/finance recruiting experience. I've done a few AMAs in the past: 2011 2012 2014 2015. This tip is mainly for CPAs with 2-3 years of public accounting experience and others with high-demand skillsets at any level (SEC reporting, ASC 740, etc.).

    TIP: Don't focus solely on what job openings recruiters have now. Instead, also focus on what opportunities they could create for you.

    Some of the best jobs I've placed candidates in have been created/discovered by marketing my high-demand candidates to companies. When I find one, I make a list of 10-50+ hiring managers to contact about the candidate. By doing this I discover jobs that aren't posted yet/anymore, as well as jobs that hiring managers have been "thinking about" creating at some point in the future. CPAs with 2-3 years of experience can be so hard to find that some companies don't actively look for them, but if one comes along they will interview/hire them. This is known as an "Opportunity Hire" in the recruiting business.

    A good headhunter will proactively market you to companies and give you updates on their progress. Results are not guaranteed, but you deserve to know about every potential opportunity available once you enter the job market.

    submitted by /u/LucidOneironaut
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