• Breaking News

    Monday, November 5, 2018

    Accounting r/IAmA is doing an AMA with the Microsoft Excel team at 2pm EST Tuesday 11/5

    Accounting r/IAmA is doing an AMA with the Microsoft Excel team at 2pm EST Tuesday 11/5


    r/IAmA is doing an AMA with the Microsoft Excel team at 2pm EST Tuesday 11/5

    Posted: 05 Nov 2018 08:19 PM PST

    When it's 7pm and about to finish for the day and the manager asks you to make some adjustments.

    Posted: 05 Nov 2018 03:56 PM PST

    Post Recruiting Season

    Posted: 05 Nov 2018 07:07 PM PST

    Busy season is coming

    Posted: 05 Nov 2018 05:31 AM PST

    This meme brought to you by Becker Gang

    Posted: 05 Nov 2018 06:11 PM PST

    Run for your life!!!

    Posted: 05 Nov 2018 07:27 AM PST

    When the intern takes SALY a little too far.

    Posted: 05 Nov 2018 06:52 PM PST

    One for the British accountants

    Posted: 05 Nov 2018 09:00 AM PST

    I started working in goverment the past week

    Posted: 05 Nov 2018 08:20 PM PST

    and the office becomes a ghost town effectively at 4PM sharp. Its crazy, no one stays a second longer.

    submitted by /u/isdcaptain
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    Is it worth taking a slight pay cut from a top 8 accounting firm to a Big 4 to get Big 4 experience?

    Posted: 05 Nov 2018 12:25 PM PST

    I'm in internal audit at a top 8 in the UK.

    I've been approached by a Big 4 and discussed a possible move. They will cover exam costs to move (I'm not yet qualified) and maybe due to this the pay offered is slightly lower (they know my current salary - perhaps a mistake to give away).

    Is this worth for the prestige/experience of working and qualifying at a Big 4?

    submitted by /u/accountingthrowawayb
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    Accountants that know SQL?

    Posted: 05 Nov 2018 01:12 PM PST

    Fellow accountants of reddit, what are the job possibilities for accountants with SQL in their skillset?

    submitted by /u/My-At-Work-Account
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    Getting comfortable at new job

    Posted: 05 Nov 2018 03:44 PM PST

    How long does it normally take you guys/girls to get comfortable at a new job?

    Meaning, how long did it take you to know the/your routine and what you were doing everyday?

    I just have that feeling right now that everything that I do at the moment is wrong/incorrect (even if it is not), I am doing it the wrong way, or I am not doing enough work, etc.

    I just got done with my week in Industry (last Friday), and honestly felt all the above.

    I don't think I really had this problem when I was in Tax, but now it just feels different.

    submitted by /u/GetBlixted
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    Industry Accountants in Tax, what do you love about your job?

    Posted: 05 Nov 2018 09:42 PM PST

    I have an internship interview for a large industry position coming up. I already interviewed with them for audit, so I have a good idea about a question that will be coming up for the tax position. "Why do you want to work in tax with us?" The truth is, I don't know. I live in a very sparse area, do not want to work public, don't want to move, and this is the only industry job around. The truth is I want to intern there, so I can get my foot in the door to work there. I have worked many jobs in many fields and am starting over in a field because I am sick of working 80 hour weeks with 2 hours of commuting a day (kind of why I want to stay out of public). So, really, I don't have a good answer for that question. I would prefer audit, but I'll take tax given the opportunity for sure.

    Bonus question. I just dropped the 5yr CPA prep program for the 4yr Bus Admin Accounting focus because I can graduate a year earlier and I will still meet my 150 should I chose to sit. My resume states a grad date 1 yr further away than what is accurate since I submitted my resumes to them. Is it prudent to contact the hiring official and let them know incase projected start time is a hiring factor? Thanks.

    submitted by /u/loadtoad67
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    How to be social in Dinner/Interview?

    Posted: 05 Nov 2018 12:54 PM PST

    Lunch not dinner***

    I've never done a lunch with a firm before. It's a 1 hour lunch and 2 interviews afterwards.

    My GPA is good, but I am introverted and a awkward/nervous mess. I'm not too great at small talk. Do you have any tips on what to do, what to say, etc? Any etiquettes? I am panicking just thinking about it. help.

    submitted by /u/ShhDontTalk
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    Accounting Major

    Posted: 05 Nov 2018 04:38 PM PST

    I honestly love accounting. I find it very fascinating. I been reading online about how other people find it super hard. I am 2nd year accounting student. I need to hear more positive thoughts and experiences about the accounting major. Please share.

    submitted by /u/sleepingandlearning
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    [CAN] Mid-size firm or FP&A?

    Posted: 05 Nov 2018 06:46 PM PST

    I was recently provided a job offer for an FP&A role at a F500 company. The manager, director, and HR personnel really made an effort to get their point across about advancement opportunities and the amount of FP&A duties I will be doing (budgeting, forecasting, etc). Majority of my team have been from past B4 companies, all made the jump after they made senior/manager, so it's good to know that I have a strong group of people around me.

    However, I also have the opportunity to pursue a staff accounting role at a mid-sized firm (MNP). I am placing huge value on the experience working for a firm provides- knowledge of different companies from various engagements, networking with clients and peers, and exit opportunities that will springboard me into worthwhile jobs with better pay. I already wrote my CFE and awaiting results, but in case things go sour I will have a better shot with the education/training that the firm will provide. My biggest fear is if I don't have any firm experience on my resume, I will be jeopardizing my future with very limited job opportunities. Perhaps I am missing something and I am overthinking these things as it may not be as glorified as people make it out to be?

    I graduated university 4 years ago and worked dead-end jobs. I worked hard to finally be able to pursue these kinds of opportunities, and I am hoping I will be able to make an informed decision with your guys' help!

    submitted by /u/GundamWing007
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    What's the average size of a Big 4 audit team for a large client?

    Posted: 05 Nov 2018 08:51 PM PST

    Hey everyone,

    I haven't seen this asked anywhere. About how many auditors are assigned to work on a really large client's audit? (Something like a Fortune 500 size company.)

    I went directly into government auditing after school and the largest entity my particular office audits is a county with about $900 million in annual revenue. We typically have 4-6 staff plus a manager working on it before their reporting deadline. Was just wondering what the teams are like for some of the huge businesses that are out there.

    submitted by /u/speedobandit
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    Resume Mistake

    Posted: 05 Nov 2018 06:18 PM PST

    hey guys quick question. im terrified because i recently received an offer for a great firm and i realize there is a mistake on my resume. i listed a part time job in college with the wrong ending date of emploment and now im filling out the forms for past employment and realized my mistake. it was human error nothing more. how will i get past this? will they rescind? ive been out of college over 2 years now btw.

    submitted by /u/ahem17
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    Basic question about calculating dividends per share

    Posted: 05 Nov 2018 08:27 PM PST

    https://i.imgur.com/MAEThVd.png

    https://i.imgur.com/gLWIjL9.png

    I just don't get where do those numbers 2300, 100, and 6000 come from (=numbers in "preferred dividend" row)… :(

    How should I approach this problem? How can I calculate/figure out the preferred dividend (current) in this problem?

    Thanks in advance!! :-)

    submitted by /u/saellasatirivi
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    Just a Accounting Noob trying to get some knowledge

    Posted: 05 Nov 2018 08:23 PM PST

    Im almost done with my accounting 1A class and im passing with an A surprisingly. I was accepted to go to a big 4 firm and learn more about what goes on. Im intrigued in what accounting has to offer, as nerdy as that sounds. Not much of a book reader, but i want to read and learn more and go farther in my learning. I want to exceed others (im very competitive). Are there books i can read or any tips to learn more. Thanks

    And i used the word "noob".. yea

    submitted by /u/Freakiful
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    Internship and full-time?

    Posted: 05 Nov 2018 04:34 PM PST

    Hi everyone. Recently I received a full-time offer from a Big 4 to start in summer 2019, but I also received a Winter internship from a different firm for 2019. I intend to sign the Big 4 offer, but I would also like to sign the offer for the internship. Would this be an ok move or could I potentially be burning bridges in the future?

    submitted by /u/BubblyAccountant
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    [CAN] New Grad: Firm I'm applying to is asking for reference. However, I was terminated from past firm.. how to go about this?

    Posted: 05 Nov 2018 01:50 PM PST

    1. First of all, what exactly do they want when they ask for a reference? They told me to email them. Do they just want a reference letter or what? Will they call my past employer?

    2. I only worked 5mo at the past firm and was terminated... Their main HR person disliked me to the point that I think they had politely asked me not to ask for reference... however this was 1.5years ago.

    How should I go about getting a reference letter?

    submitted by /u/garrix94
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    Big 4 London Forensics - bizarre experience

    Posted: 05 Nov 2018 03:45 AM PST

    [TL;DR: joined Forensics, shafted into Audit, quit but did OK]

    I'm going to relate a truly weird experience. I've come to think of the Big 4 as more like a nation or force of nature than a cohesive organisation. So I don't exactly hold them responsible. But I hope by venting/ explaining, I can shed some light on how irrational these organisations can be.

    Back in 2014, I was a bit older than your typical Big 4 trainee. I'd done some other jobs and I wanted to come to the big city and make some money. I passed all the tests and interviews and was delighted to be accepted onto the Forensic Accounting grad scheme. I didn't really know much about accounting or the Big 4, and I didn't think the ACA (UK CPA) was that important to me. But I thought Forensics sounded awesome. The job as advertised also stated that we would to a 3 month yearly rotation into the rest of assurance, which I also didn't really care about either way. I just wanted to do Forensics.

    I think 20 of us joined in the first cohort. We studied for the first round of exams, did some highly eclectic training and then waited. And waited. For three months we sat on our asses in the office, counting ceiling tiles and surreptitiously studying. We were told to ask around for work. So we annoyed everybody in the office, pointlessly asking to get onto their projects. I think between 20 people we did a week or two of helping out Forensics in our first three months. Some of us spent a few hours in Audit. Then it was busy season.

    I got booked for about six non-consecutive weeks in Audit. I didn't have a flipping clue what I was doing, and nobody wanted to train me, because I was a first year from another department popping by for a week. I was ecstatic when I finally got booked to a forensics project for a year. I think my experience was about average for my cohort, although as time went on they accrued more audit experience than me. This was because I fought hard to get on and stay on Forensics projects (because that's the job I thought I was hired for, right?)

    My year long Forensics project spanned part of my first and second years. It was unbelievably easy, and again I was doing less than 3 hours' work each day. I tried to learn more about the accounting and investigative side of the project, but they really wanted me to be on call for ticking/ scanning/ whatever. I got involved in sector specific marketing teams and anything else I could, but there just wasn't enough work to go around. Eventually I was moved off the project in the middle of my second year.

    From this point, my experience was split into two parts. Audit and absolutely jack shit, in a rough measure of 1/3 to 2/3. I think for many of my colleagues the ratio was reversed, in part because I was fighting so hard to get on Forensics work, and doing bitty bits of work, a day or two here and there. In Audit, I was worse than useless. I think that's reasonable; I was being charged out like a second (and later third) year, but I had less experience than a late first year. And because I wasn't interested in Audit, and didn't think it was my career, I didn't pick it up as quickly as I might have. I think Audit has a steep enough learning curve anyway - trying to half ass Audit training is like trying to half ass being in the Marines. Somehow I just about accrued enough hours to qualify.

    They kept hiring new cohorts, about 40 people per year. As time went by though, my cohort dwindled. Some quit to go back to whatever jobs they had before. Some presciently accepted that the Forensic work was never going to come, and formally transferred into Audit. Some managed to get Forensic jobs elsewhere. I was reluctant to accept that it would be easier to get Forensic work in another firm than in the firm I was hired in.

    The rest of the firm was not oblivious to our predicament. In various town halls and counselling meetings, they told us the forensics work was coming. Disgruntled employees sent their frantic questions only to be shot down. People wanted to transfer into other niche Assurance areas, or to be allowed to leave without paying training costs. My last town hall, early in my third year, we were basically informed we would be in Audit for the foreseeable. The partner explained what a great learning opportunity it is. And it is! But if you didn't apply for it, weren't hired in it and weren't trained in it, then that's quite a different matter. Half way through my third year, a senior partner met each of us individually, to try to persuade at least some of us to stay. I asked to be allowed to transfer into Transactions, or Financial Accounting Advisory or the SPA team. He told me there was no need, that Forensics work was coming. I told him, to his face, that I didn't believe him and I was quitting.

    I had to completely change course. I was Big 4 qualified, having completed my ACA. But I had no meaningful experience in any particular discipline. I decided to rely on my ACA and go into management accounting in Industry. And now it's cool.

    submitted by /u/YorkshiremanInBengal
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    Email

    Posted: 05 Nov 2018 07:05 PM PST

    Does anyone have any recommendations on how to manage email? Do you set up folders for each client, or is that a waste of time based on all of the capabilities within Outlook (i.e. sorting, searching, etc.).

    submitted by /u/2013auditor
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    CPA exam review software

    Posted: 05 Nov 2018 06:34 PM PST

    I'm about to begin studying for the CPA Exam. What review software have you all used or would recommend and what are the biggest benefits of it? Also, what kind of price range am I going to be looking at?

    submitted by /u/oblongemperor
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    BIG 4 CPA Exam/Becker Reimbursement question

    Posted: 05 Nov 2018 02:37 PM PST

    Are you eligible for reimbursement after you accept a full-time offer or after you officially start?

    I was thinking, since the full-time start date is generally a year after the internship, would it be possible to be reimbursed for Becker study materials during that year?

    Can you also take the CPA exams in that year and get reimbursed or do you have to wait until after you officially start?

    submitted by /u/michellev254
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