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    Accounting How I felt taking FAR yesterday

    August 08, 2018

    Accounting How I felt taking FAR yesterday

    How I felt taking FAR yesterday

    Posted: 08 Aug 2018 12:47 PM PDT

    Well thanks Late Stage Capitalism for helping us understand that people making 30k a year are taxed at 30%

    Posted: 08 Aug 2018 08:14 AM PDT

    Normal to feel completely overwhelmed as a new hire?

    Posted: 08 Aug 2018 09:26 PM PDT

    B4 new hire about 3-4 weeks in. Recently got staffed on real work with a senior that said it shouldn't be too bad and I should be able to have it done by the end of the day.

    All throughout the day I was asking questions, taking notes, doing my best and literally ended the day feeling like I know less than I did at the beginning. The senior and I worked until midnight until he eventually told me to get home and come back tomorrow because it'll go better with a fresh brain.

    I feel horrible. I have literally not even the first idea what I'm doing, it took me forever (working until midnight and still didn't finish) and I'm just totally frustrated atm.

    Did anyone go through this their first year and does it get better as time goes on?

    submitted by /u/sonic371
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    New York GOP Rep. Chris Collins arrested over insider trading charges

    Posted: 08 Aug 2018 07:17 AM PDT

    With intern season wrapping up, what's your favorite intern fuck-up story?

    Posted: 08 Aug 2018 12:36 PM PDT

    Bonus points if they still received offers

    submitted by /u/BarryMinkowIsMyHero
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    For those who requested that I share the document that made me quit studying English and switch to accounting. I present to you "Space Jam: A Feminist Approach"

    Posted: 08 Aug 2018 09:21 AM PDT

    Busy season playlist

    Posted: 08 Aug 2018 09:28 AM PDT

    Why are long hours considered normal?

    Posted: 08 Aug 2018 12:04 PM PDT

    So I've only been in the accounting industry for about 3 years now (and doing my CPA as well) and I've noticed a trend with many companies and employees considering constant overtime a norm. Why is that? I understand busy season but that can be solved easily by hiring more people. Are accounting firms and companies so strapped for cash that they hire 1 person to do the work of 3 and call it "hard work"?

    Like 7am to 9pm every day for half a month, every month isnt normal.

    submitted by /u/Antisorq
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    My fucking wrists man

    Posted: 08 Aug 2018 03:03 PM PDT

    How do you guys prevent your wrists from aging 30 years in advance from this job? I'm in public btw

    submitted by /u/KindaAboveAverage
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    Feeling hopeless, just need to vent

    Posted: 08 Aug 2018 10:23 PM PDT

    Man, day two of fieldwork and I feel like none of the training stuck. Two days and I just barely finished the cash section. I've been trying to make sense of the sections I've been given but it just wont stick. Every time I feel like I'm getting somewhere, something else comes up and I'm back to square one. I'm asking questions, and thank god for my in charge (bless their soul) they were able to at least help me craft an email to the client with items needed for testing. I know it's only day two of actual work but I just feel so overwhelmed. Don't get me wrong, I want to learn and I know that if I can actually understand this stuff I would enjoy the work, it's just hard when you're the only one on the field who is completly lost. On the bright side, I've done a busy season tax rotation and loved it, I caught on really quick, pretty much finished training and was able to get through most of the return without much trouble.

    Anyways, back to work.

    submitted by /u/ImDefintelyNotJames
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    Why are public accountants expected to work 60 hours a week?

    Posted: 08 Aug 2018 04:06 PM PDT

    There should be a law banning this shit. I have no idea why accountants are exempt from overtime pay and the company can work their employees like dogs.

    submitted by /u/CraftMeme
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    Where does r/Accounting lean politicly?

    Posted: 08 Aug 2018 04:48 PM PDT

    Lets hear your voices and reasonings; I have popcorn to finish

    submitted by /u/JSeol360
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    NY cpa application 16 week wait???

    Posted: 08 Aug 2018 06:35 PM PDT

    I sent in my reciprocal license application and was marked complete in late May. I called the board a couple days ago and was told that they where behind on reviews by 16 weeks! Is this actually true? My NJ application took about 2 months to be approved.

    submitted by /u/Brosephio-Johnson
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    Advice on presenting.

    Posted: 08 Aug 2018 06:23 PM PDT

    Hi everybody,

    I have a presentation tomorrow for my firm, i've practiced over 20 times so i know exactly what I want to say but how can i really calm my nerves down so i can be natural for the presentation? Anybody have any advice?

    submitted by /u/youfeelme1997
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    I am looking to work in risk assurance 3-5 months a year during busy seasons. PwC advertises their Flexibility Talent Network. I am interested in hearing about experiences with this and similar programs. Are the as advertised? How does one get apply and get accepted?

    Posted: 08 Aug 2018 02:17 PM PDT

    Typo: the first get. (my editor is on the blink).

    submitted by /u/jessie2rose
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    I just finished Intermediate 2 as a summer course

    Posted: 08 Aug 2018 06:43 AM PDT

    I got an A! I know how this sounds/looks, but these last 6 weeks of nonstop studying are finally over. It was such a relief to see this grade after not expecting it since I did so poorly on my first exam. I know it's only going to get more challenging from this point, but now I feel like I have some momentum moving forward.

    submitted by /u/GramBookItChat
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    NorCal v. SoCal Firms: Opinions?

    Posted: 08 Aug 2018 10:44 PM PDT

    I am currently in my undergrad and am thinking about going into audit as there seems to be a lot more opportunity long term than tax (correct me if I'm wrong). My major is A&F and debating on double majoring in AIS with the intention of going into public accounting after my Bachelors.

    Right now I have the option of finishing school in either Northern California (San Jose State University) or Southern California (CSU Northridge). I understand both campuses are recruited for the respective firms in their areas, but I was wondering what people's experiences and general vibe were with each. Also, due to some circumstances I estimate my graduation age will be between 28 - 30.

    submitted by /u/theme57
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    Why a business needs accounting software & how to choose it

    Posted: 08 Aug 2018 10:28 PM PDT

    Insight on the Paul Manafort case?

    Posted: 08 Aug 2018 02:40 PM PDT

    I'm currently an accounting student thinking about getting a masters in tax. I am following the Paul Manafort case very closely, and find it very interesting, mainly because it deals a lot with tax evasion and the movement of money to-and-from offshore accounts. However, all the major news sources are just covering the courtroom dealings of the evidence, and don't really offer much insight on the nitty gritty of the money, accounting wise.

    I was wondering if there are accounting based websites that really analyze this, or other cases, and detail what laws are being broke and how. Or if anyone currently in tax or forensic accounting and wants to share some insight(really on anything, not just this case), I would much appreciate it!!

    submitted by /u/bengalnation
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    Big 4 vs Small/Mid sized firms?

    Posted: 08 Aug 2018 02:31 PM PDT

    Hi guys,

    Was basically just offered a position at a local mid sized accounting firm upon graduation. Would accepting this position instead of jumping to big4 hinder my future potential by any meaningful amounts?

    submitted by /u/tim12321
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    No Big4 full time over, industry and government questions

    Posted: 08 Aug 2018 06:12 PM PDT

    Hey guys, so I didn't receive a full time offer from big 4 because of stuff out of my control towards the end of my internship. This has gotten me feeling very down about myself as now I'm not sure what to do. I feel like everything happens for a reason so maybe this path wasn't meant for me. I would love some insight into how going straight to industry or government is. I'm kind of concerned about the salary as I am in a HCOL area of these paths. Also I have a lot of ambition and I am willing to work very hard, but I am also concerned that, that may not be noticed in an industry or government setting. Any insight from people that went straight into these fields would be much appreciated. I will still be applying to the other Big 3, but at the same time I feel like maybe those aren't meant to be on my path either. I do however really want to feel as if I achieved something great in my life, but maybe Big4 just gives you that allusion?

    submitted by /u/Doeb1
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    Risk Transformation vs Performance Improvment - IT Advisory

    Posted: 08 Aug 2018 09:56 PM PDT

    Title says it all, what's the difference between both roles? Also what is Risk Transformation like, is it System implementation or what?

    submitted by /u/Bacon_Buddy
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    (False) sense of accomplishment

    Posted: 08 Aug 2018 08:17 AM PDT

    Do any of you feel overly accomplished when you sign off on a bunch of work papers that you did little to no work on but just rolled forward from the previous year? I know I do, and I use that as a reason to browse reddit (on my phone, never on the firm computer).

    submitted by /u/unoriginalmystery
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    Recruiting Season for a Recent Grad?

    Posted: 08 Aug 2018 03:12 PM PDT

    Hey everyone, I just finished my bachelors this June and sadly, did not attend Meet the Firms during my Senior year. So I'm still looking for a job and was wondering is there a timeframe of when firms recruit for recent grads? I'm currently studying for the CPA and want to get them over with as soon as possible. Also, do firms tend to hire a lot outside of campus recruiting?

    submitted by /u/tonydaf7
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    Really dumb question - When people refer to their GPA, is the default assumption that its cumulative or major?

    Posted: 08 Aug 2018 05:09 PM PDT

    Like when someone says they have a 2.8 GPA, are they referring to their cumulative GPA or their major GPA if no specifications are given?

    And if somebody like a recruiter asks me what my GPA is (again without specifying which one they want), should I tell them my cumulative or major GPA?

    My thought process and reason for confusion is that I would think that people who want to know your GPA wouldn't care about your cumulative since it's almost always going to be higher than your major GPA due to grade inflation from easier, general courses. Whereas your major GPA is far more indicative of your knowledge and diligence in your field of study.

    Especially in the case of accounting, where most accountant's go to work for a public accounting firm that's directly related to their major. Wouldn't a Big 4 recruiter care about your major GPA more? As opposed to a marketing major (sorry marketing majors...) that's kind of generic so it's hard to judge a candidate's qualifications based off their major GPA.

    submitted by /u/Magpie_Flyfish
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