Accounting typical walkthrough |
- typical walkthrough
- When review comments make it onto the final draft
- POUR ME SOME KOOL AID BABY
- Has anyone ever died in your firm?
- Starterpack
- Finding an Accounting job with a low GPA?
- You know nothing about IFRS 15 and EPS, Jon Snow!! And so do I. ��
- How many of you number crunchers play the stock market?
- Is it just me, or is EY hiring the shit out of everyone?
- Possibility of going from small/mid size to B4?
- JOURNAL ENTRY HELP
- Guys, I was awarded the Pell Grant, I am torn on which major to pursue.
- Negotiating with KPMG
- Most popular exit opportunities for Big 4 auditors?
- Bad Performance Review Big 4
- Management accounting question
- Fastest way to clean up a clients trial balance?
- Big 4 or Lockheed Martin?
- Why do B4 do 2nd interviews? What are they looking for?
- Work quality - how much do you care?
- State Auditor Pros and Cons?
- Does anyone have any virtual-interview advice or experience with Hirevue? Is this my last round?
- B4 NYC "Why"
- Advice on which firm to pick as a sophomore?
| Posted: 08 Oct 2018 08:34 AM PDT
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| When review comments make it onto the final draft Posted: 08 Oct 2018 12:35 PM PDT
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| Posted: 08 Oct 2018 03:34 PM PDT I JUST GOT THE CALL FROM THE PARTNER I INTERVIEWED WITH ON THURSDAY. IM GOING TO THE BIG LEAGUES. NO MORE OF THIS LARGE REGIONAL BULLSHIT "oh our work life balance is better, oh I would never want to work on that kind of return" BIG FOUUUUUR BAAAABBBBYYYYYY wew laddie [link] [comments]  | ||
| Has anyone ever died in your firm? Posted: 08 Oct 2018 05:15 AM PDT In my country,a boy who was working in audit at a B4 went home at 2 am and passed away in a car crash.It became front page news where I live and a lot of people are demanding better treatment for auditors. Was just wondering if the work conditions is really so bad in audit everywhere or is it just like that where I live. https://www.worldofbuzz.com/msian-writes-heartfelt-post-to-friend-who-passed-away-from-overworking/ [link] [comments]  | ||
| Posted: 08 Oct 2018 09:32 AM PDT
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| Finding an Accounting job with a low GPA? Posted: 08 Oct 2018 06:34 PM PDT I admit I don't care for getting a CPA or working for a big firm. [link] [comments]  | ||
| You know nothing about IFRS 15 and EPS, Jon Snow!! And so do I. �� Posted: 08 Oct 2018 06:06 PM PDT
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| How many of you number crunchers play the stock market? Posted: 08 Oct 2018 08:42 AM PDT I love sitting at work, watching my portfolio dip more and more. My favorite part of the day is when my portfolio drops more value than I make during the day. [link] [comments]  | ||
| Is it just me, or is EY hiring the shit out of everyone? Posted: 08 Oct 2018 10:14 AM PDT The amount of EY swag I see at my school compared to other big 4 swag is not even comparable. As accounting professors go around the class and ask what firms people will be working for after graduation, about 50% will typically say EY. The other 50% is split among the other big 4 [link] [comments]  | ||
| Possibility of going from small/mid size to B4? Posted: 08 Oct 2018 08:58 PM PDT Hi, I just recently got offered a full time job from GT in my final semester (the only offer I got as well). I was initially happy but when I thought about it I was still disappointed in myself that I couldn't land a better firm. So my question is, how easy or challenging is it to land in the B4 from a firm like GT? [link] [comments]  | ||
| Posted: 08 Oct 2018 06:22 PM PDT Hi everyone, I start taking FAR for CPA exam and I am struggling with journal entries. I can understand the theory, however, when it comes to questions required calculation, I really struggle. I already feel stressed given that I just started >.<!!! Below is one of the many questions I am still unclear. Can anybody help to explain? Dunne Co sells equipment service contracts that cover . two year period. The sales price of each contract is $600. Dunne's past experience is that, of the total dollars spent for repairs on service contracts. 40% is incurred evenly during the first contract year and %60 evenly during the second contract year. Dunne sold 1,000 contracts evenly throughout the current year. In its December 31 balance sheet, what amount should Dunne report as deferred service contract revenue? A. $36,000 B. $540,000 C. $480,000 D. $300,000 I greatly appreciate your help. [link] [comments]  | ||
| Guys, I was awarded the Pell Grant, I am torn on which major to pursue. Posted: 08 Oct 2018 06:19 PM PDT I previously was going to school for IT. I love it. I love the technicality, the problem solving, the design and engineering aspects. On the other hand, I love stocks, finance, numbers, etc. I am not well versed in those areas besides fundamentals, but I love the prospect of learning to read financial reports, and being able to determine the financial status of an organization. Things about me: I am introvert, yet I can be gregarious and articulate myself well. Yet I do not mind digging my nose into a book/work and being to myself. It really could go either way at this point, studying something new like accounting would be so refreshing. It seems exciting. Yet, I have always wanted to break into the Comp Sci./ IT field. Both industries are lucrative. [link] [comments]  | ||
| Posted: 08 Oct 2018 08:15 PM PDT Was fortunate to receive an offer from KPMG audit, entry level. Is Glassdoor pretty accurate in terms of comp? Will they negotiate at all? [link] [comments]  | ||
| Most popular exit opportunities for Big 4 auditors? Posted: 08 Oct 2018 07:59 PM PDT What are some common exit opportunities for auditors who leave the Big 4 after making senior, maybe 2-4 years at the firm? I know there's a lot out there, but what are some of the most popular positions you see auditors go into? Thanks! [link] [comments]  | ||
| Posted: 08 Oct 2018 11:34 AM PDT Hello All, Wanted to reach out to the Reddit Accounting Community regarding my current situation. Currently, I am working for a Big 4 accounting firm as a second year associate auditor. I was a January start, so I have been at the firm for about 9 months. Recently just promoted(yay!). I have enjoyed my experience here for the most part. I have received pretty average to above average performance reviews up until this point. A couple of weeks ago, I received a performance review for my main client. I had a couple of meetings with my Senior, Manager, and Senior Manager prior to receiving this review, so I knew it was not going to be the best for me. However, in these meetings, I asked what I could do to be better, and I was very receptive in their feedback. They seemed very supportive and friendly about our plan going forward and I expected a slightly below average review with some feedback points to work on. Fast Forward to receiving the actual review. It was scorched earth. They commented on the smallest things I did, I won't go into details, but it seemed like a complete hit piece. It made me physically ill. A quick example was that they noticed that I yawned in an audit team meeting. That was put into my review. They also said in the review that they would not recommend me to other teams and no longer trusted me. There were also comments about how my technical accounting skills need improvement. However, they said that I kept a positive mindset and stayed late to help out with work. Keep in mind, I have had above average reviews on every single job I have worked on besides this. However, this is my main client, and I am very worried about my future at the firm. I have been in contact with my counselor, and he said to absolutely not be worried about anything happening(i.e. losing my job), but I am definitely still worried. I reached out to another audit team that I worked on for that quarter, and they gave me a pretty stellar review. So there is something else in my file besides this really shit review for this feedback cycle. Since the review happened, I asked to be put on another client, as I felt I was not the best fit for that team(My counselor suggested this). Going forward, I am going to keep my head down and just work on becoming a better auditor and apply all of the feedback points they gave me. I guess my main point is that, have any of you that have worked at Big 4 received a bad review and recovered from it? And is there any advice that you would recommend to me? [link] [comments]  | ||
| Management accounting question Posted: 08 Oct 2018 07:21 PM PDT A company can print 5,000 shirts in a month but they print only 3,000. They sell 1 shirt for $12. They take minimum orders of at least 100 shirts because of the costs. The fixed overhead is $2,000 for a month and $40 is the set up cost for an order of 100 shirts. The variable cost for printing 1 shirt is $3. A non-profit organisation sent a proposal to print 100 shirts and they cannot pay more than $5 per unit. What is the relevant cost in this case? Is taking up this project profitable for the company, if so, by how much? I just cannot get my head around this question, I am not really good at accounting. I would really appreciate if anyone could help me please. I am particularly confused if the set up cost is a variable or fixed cost. If it is a variable cost, then it should be fairly simple, right? Total VC/Units (5000)? to get the relevant cost. [link] [comments]  | ||
| Fastest way to clean up a clients trial balance? Posted: 08 Oct 2018 06:51 PM PDT I've dealt with so many trial balances, where the cells full of information do not line up (Ex. some info in A1, instead of the next line in B1, is in B2), and I need to waste a ton of time cleaning it up before I can import it into caseware. Does anyone have any excel tricks that can help clean up the TB quickly? [link] [comments]  | ||
| Posted: 08 Oct 2018 10:41 AM PDT I was just presented the opportunity to go to a recruiting event for Lockheed Martin and was wondering what the general consensus is for Lockheed vs Big 4. I ask because my professor says working for them might be better than going to Big 4. I already have a summer internship lined up for next year. Are they really as amazing as my professor make them seem? [link] [comments]  | ||
| Why do B4 do 2nd interviews? What are they looking for? Posted: 08 Oct 2018 03:49 PM PDT | ||
| Work quality - how much do you care? Posted: 08 Oct 2018 03:38 PM PDT Bit of background: I (3rd year analyst) moved from IT Audit to another part of my firm's risk practice. Except, I hate it and the people aren't as friendly/social as my old team and I am wondering if the move was a bad idea. Upsides: better pay and working hours. Last week, I got placed onto a project to do the IT controls testing since the audit guys didn't have resources to lend. It's a month long project. I am frustrated with my senior. She micromanages me to the point where I am not even allowed to send out meeting invites on my own or lead the client walkthrough. This is a senior whom I have worked with previously and, has given me good feedback. When I was doing IT Audit, the client, I was placed on had no manager or assistant manager support for a few months (both left at the same time) so I had stepped up with extremely positive reviews all around. She is aware of all this yet when I pointed out this is not my first time doing IT controls testing, she got visibly annoyed and told me I might need reminders. Given the short timelines, we are rolling forward workpapers. I have flagged it to her that there are many controls where the control design does not even match up with the testing procedures and makes no sense. Unfortunately, this was a verbal conversation. I got told that I should not seek to create more work for her and myself. It is the management's fault for starting the project so late and they need to realise that quality will suffer. Except, she was on the project last year, was the one testing most of these controls and has agreed with me that the documentation is crap. I am still shocked at the response though. And managers/assistant managers ignoring work quality seems to be a consistent theme I have noticed and which has left me extremely frustrated. I am tired of being on projects where people sacrifice quality for the timelines. I understand sometimes there needs to be a trade-off but to not even want to correct or improve work is terrible. It bothers me and honestly, I am not sure if I can keep working in a place where people are okay cutting corners. Is this a common thing at other Big 4s or just my bad luck that my past few projects have been like this? [link] [comments]  | ||
| Posted: 08 Oct 2018 09:16 PM PDT I recently interviewed for an entry level position for the state auditor. Was wondering a little more about the pros and cons of this vs the usual type of firm (generally). If I'm not mistaken the main one is probably sacrificing a little pay for better work-life balance, but would love to hear your opinions on it. Specifically, I'm wondering what does the career progression look like within, and what exit opportunities are usually available? Any input would be appreciated, thanks! [link] [comments]  | ||
| Does anyone have any virtual-interview advice or experience with Hirevue? Is this my last round? Posted: 08 Oct 2018 02:44 PM PDT I have a second-round with a big four and I was notified that it will be on Hirevue. Do you know what sort of questions I will be asked? Is this my final round or do I have an office-visit after (not applying to the office closest to me). Any help would be appreciated. Thanks! [link] [comments]  | ||
| Posted: 08 Oct 2018 12:45 PM PDT I'm currently a senior who will attend a macc program with strong placement to almost any metro in the US. I want to go to NYC because of stronger exit opportunities and having a lot of friends that will end up there as well. I'm originally from the Midwest. I have heard and been told by people in the program that recruiters will ask why you are interested in a particular office. They want to see a tie to the city, like family. Can I swing being placed into NYC without being from the area or having any immediate connection? [link] [comments]  | ||
| Advice on which firm to pick as a sophomore? Posted: 08 Oct 2018 08:16 PM PDT Hi everybody. I'm a sophomore going through the recruiting process and I just landed an offer from Andersen Tax to intern there next summer. I'm also currently on second round interviews with both PwC and EY for their internships next summer- PwC on Wednesday, EY next Friday. Both of those internships are a rotational sort of trial internship before the real internship next year. My deadline to respond to Andersen is next Friday, so I'll definitely have heard back from PwC by then but not EY because my office visit will be the same day. My question is should I go with Andersen, where I like the people and will probably get really great experience with just tax, and recruit Big 4 next year? Or should I just lock down Big 4 now so I don't have to go through recruiting again? Also, do you guys think that having Andersen on my resume would be a bad thing? I tried looking things up in this subreddit but no one seems to have much experience with them. Thanks in advance. [link] [comments]  |
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