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    Accounting "But your learning so much"

    November 08, 2018

    Accounting "But your learning so much"

    "But your learning so much"

    Posted: 08 Nov 2018 03:47 PM PST

    When someone leaves public accounting

    Posted: 08 Nov 2018 08:40 AM PST

    When my manager confronts me with a major error I’ve made

    Posted: 08 Nov 2018 04:52 PM PST

    It be like that sometimes

    Posted: 08 Nov 2018 05:08 PM PST

    One taught me love, one taught me patience, and one taught me pain

    Posted: 08 Nov 2018 06:32 AM PST

    Some of the best tax advice I've ever seen

    Posted: 08 Nov 2018 03:18 PM PST

    The “didn’t get job offers” starter pack. And FYI I was this guy once and had to evolve.

    Posted: 08 Nov 2018 06:39 PM PST

    KPMG acts on audit conflicts by ending consulting work

    Posted: 08 Nov 2018 10:16 AM PST

    what do you mean there's an allowance method?

    Posted: 08 Nov 2018 09:50 PM PST

    Chubby auditors of reddit, how often do you get mistaken for IT/Tech when dressing down at the office?

    Posted: 08 Nov 2018 02:15 PM PST

    The office I work at is basically split over 2 floors at the top of a city centre building. The lower floor is for show; flashy reception, big windows, great view, meeting rooms etc. If you're on this floor it's suited and booted time.

    The upper floor is where all the grunt work gets done; you can dress down up here. If you scan your pass downstairs it will automatically select the upper floor for you so if you're just in the office all day getting shit done with no client meetings etc you can dress down as you don't have to be in the "client" bit of the office.

    There are always times like today though, when the toilets are bring cleaned or you need to get a new lanyard, when you have to venture downstairs and sully valhalla with your smart casualness.

    Now I've been working here a while but, being an auditor, I can go weeks without being in the office. We have a lot of temp receptionists who never recognise me. There's also often clients milling about or just general people who aren't familiar with the office.

    I tend to dress fairly smart but there's no getting away from it; chubby guy in glasses in an otherwise besuited world just screams "IT guy". Sure enough, I had to venture downstairs for a piss today then poked my head round the door and helped myself to some sweets (candies I think you'd say in the states) from the bowls they always have full down there and, lo and behold, the receptionist collars me and starts asking me about some new system for the phones. Like, didn't even check who I was, just launched straight into it. I felt like Dave Chappelle when he does that bit about people in restaurants assuming he wants the chicken.

    I started chuckling and she realises her mistake, apologises, explains she raised a call and thought someone had come down to help her (the naivety of youth) but then carries on asking me anyway. Like it was inconceivable a man of my stature wouldn't know how to fix this problem.

    The worst is that this isn't the first time this has happened to me and I know less than fuck all about computers and refuse to use the company phone system about 2 iterations ago when they replaced all the desk phones with headsets (I don't work in a call centre for fuck's sake) - my answer phone message literally says October 2013 and I'm keeping it that way.

    So, am I alone in this or is this a common them amongst the audit brethren?

    submitted by /u/Themandontgiveafuck
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    My thoughts on the accounting "talent shortage"

    Posted: 08 Nov 2018 10:34 AM PST

    We've seen no end to the articles on a CPA "talent shortage". Firms say they simply can't find qualified people and are having to outsource or even turn down profitable work.

    In my own experience, I've noticed a recurring theme with the emails, calls, and Linkedin messages I receive. While I'm happy with my current job, sometimes I'll reply just to get a feel for the market. Recruiters- even internal recruiters who have a specific role in mind- often won't share any information about what their job pays or even offer a range.

    But for the recruiters that do share a range, it's almost always the same or even less than I earn now!

    What I'm seeing a lot of is firms offering the same wages as every other firm, getting no takers (because why change jobs for no pay increase), and then whining about a talent shortage.

    /r/accounting, what's been your experience in the job market? Is anything going to break the deadlock of stagnant wages? Are you having a different vibe in your local market?

    submitted by /u/DoritosDewItRight
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    I just finished the SUA

    Posted: 08 Nov 2018 03:20 PM PST

    Turns out Ray Kramer has been soliciting sexual favors from Nancy Ford, and Jim Adams is actually an alien. Waren Sports Supply is going out of business

    submitted by /u/HalfwaySandwich1
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    Former public accountants, how long did you stay in public? What did you do after?

    Posted: 08 Nov 2018 05:17 PM PST

    Interested in knowing people's career paths

    submitted by /u/_Exxcelsior
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    When a gradlet asks you what it was like when you were a grad

    Posted: 08 Nov 2018 01:37 AM PST

    Has anyone ever eaten a whole week's worth of hours?

    Posted: 08 Nov 2018 06:50 PM PST

    Tomorrow's Friday and I've been booked 50 hours on my client. Now my project is heavily overbudget and my manager has told everyone multiple times 'be careful with what is charged'. I feel like I should just eat all the hours and charge the whole week to sick time as I don't care about my chargeability and I'd rather get yelled at down the line than soon for going over budget.

    I should mention that this project goes overbudget every year and this year we lost 7 resources (including the manager and senior manager and 2 seniors) and I am the only returning member.

    submitted by /u/m0bilize
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    What do you guys think about the push to get accounting students to minor or double major in management information systems?

    Posted: 08 Nov 2018 08:18 PM PST

    I'm currently a junior and there are so many people from all directions telling me and my friends that we need to minor or double major in MIS. I'm kind of considering it, but I also wanted to hear the opinions of people who are already in the field of accounting. Is it worth it? Have any of you done this? Do any of you regret not doing it?

    submitted by /u/cherryloaf
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    Would it look bad if I keep refusing lunch invitations from other employees? [Big 4]

    Posted: 08 Nov 2018 10:00 PM PST

    I'm currently working and doing my graduate's degree so I rarely have any time for these types of things. I already received an offer and accepted it, however, I keep getting invited to these "lunch" dates from other employees. I'm a bit worried that it will look bad if I reject my third one. The previous two I honestly couldn't attend due to work and midterms/finals (same problem for this lunch date too). I take it these lunches are designed to see how I interact with others and observe my behavior? Anyways, how bad would it be to deny my third invite??

    submitted by /u/Dra1nedBattery
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    Death In Immediate Family During The Middle Of Busy Season

    Posted: 08 Nov 2018 07:27 PM PST

    Just curious, would public accounting firms let you take a week or two off to cope with the loss. What would happen in this situation considering you're required to work so much during busy season?

    submitted by /u/tundrafo
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    [Canada] When a firm calls a reference (for hiring a Junior Staff Accountant), what exactly do they ask the manager/partner?

    Posted: 08 Nov 2018 09:23 PM PST

    You give a reference of your manager/partner and they call them.. what questions are they asking them?

    submitted by /u/garrix94
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    Do you find people with poorer backgrounds tend to work harder and perform better than people that came from a sheltered middle to upper class lifestyle?

    Posted: 08 Nov 2018 04:23 PM PST

    A lot of my peers are the suburban sheltered types that pretty much study, engage in extracurricular activities, and never worry about needing a job since their parents supported them throughout most of their young college life.

    You guessed it, it is the suburban Asian demographic. Often times I find that people that came from poorer background, but still manage to make it out of college tend to be a lot more hard working, as opposed to the sheltered types that generally have trouble thinking for themselves.

    What is it like in your own personal experience?

    Do you find this is usually true from your own personal observations?

    submitted by /u/nerdywiththeword
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    How would full time recruiting be for me if I try getting a job in 2020, after graduating this December and working during tax season only?

    Posted: 08 Nov 2018 08:08 PM PST

    Sorry for the title gore.

    I'm graduating this December with my degree in accounting. I meet the 150 unit requirement and all of the specific education requirements. I was hoping just to work tax season full time as an internship and take off the rest of the year to pass my CPA exams.

    So that means I would be looking to get a full time job in January 2020, after being out of school for a full year. Is this an okay idea or is it just really bad? How would potential employers treat this layoff in school? I was initially thinking about getting a masters degree but I have been slowly talking myself out of the idea. But I kind of fucked myself over already because I only went after internships instead of full time. So now I have an offer to work full time during tax season as an internship and no offers to work full time anywhere.

    TLDR: Graduating this December. Have a full time internship offer to work during tax season. Initially planned to go for Masters but now I don't want it since I meet all the requirements. Want to take some time off to focus on CPA after tax season and get full time job in January 2020. Good idea or bad idea?

    submitted by /u/jujusteeler
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    Performing an Audit and asking for a list of subsequent event..

    Posted: 08 Nov 2018 07:39 AM PST

    "There are no noted subsequent events in the current year."

    "Jeff, the company was sold the day after year end."

    submitted by /u/TeetsMcGeets23
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    Let’s talk certifications

    Posted: 08 Nov 2018 04:01 PM PST

    Just wondering in terms of Assurance and Advisory/Consulting, what would be the main ones to get? So far, I've gathered: - CPA - CFA - CMA - CIA - CISA

    I dont plan on having 150 credit hours so CPA is probably off the table. Do these certifications generally give a bump in salary, as well as increased consideration for promotions? Which ones are recommended for advisory/consulting, and which for assurance? Are there any im missing?

    Thanks guys

    submitted by /u/Ezio_Auditor
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