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    Accounting Excel is a unforgiving mistress

    December 20, 2018

    Accounting Excel is a unforgiving mistress

    Excel is a unforgiving mistress

    Posted: 20 Dec 2018 05:36 AM PST

    This is how I feel every time I see the word "accountancy"

    Posted: 20 Dec 2018 04:29 PM PST

    Only 2 more koozies and my infinity gauntlet will be complete

    Posted: 20 Dec 2018 03:31 PM PST

    Sure, I can import those balances into the syst... oh.. oh dear...

    Posted: 20 Dec 2018 11:35 AM PST

    Passed all four parts with an average score of 76.5!!

    Posted: 20 Dec 2018 11:21 AM PST

    AUD: 75

    BEC: 77

    FAR: 78

    REG: 76

    Is there an opposite of the sells award because I am a prime candidate.

    Ps fuck you Doug. I'm about to run through this ethics exam and get my license before you, you chode.

    submitted by /u/dirty__530
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    At 27 years old, I feel like I'm still kind of behind career-wise. But I'm getting there slowly I guess.

    Posted: 20 Dec 2018 05:22 PM PST

    I graduated from college five and a half years ago, with a degree in accounting and an okay GPA (3.3 overall).

    I interviewed with a bunch of public accounting firms, but no one would hire me. It was frustrating to see classmates get jobs off on campus recruiting while I was coming up empty-handed. I admit that I was terrible at interviewing back then in general and wasn't in the best state of mind from a mental health standpoint.

    Luckily, a month after graduation, I managed to snag a job as an AR clerk at a furniture company. It paid only $35,000 but I was glad to have a job and it was a pretty cool place to work even though I was mostly keeping track of credit card chargebacks and mailing demand letters to delinquent customers. I did do some cool systems development stuff there (they had an in-house software development team and I wrote specification sheets for in-house software we wanted developed for the AR side of things).

    A year in, I realized that I was being low-balled and sought whatever job that paid more. In hindsight, this was a bad mistake. I ended up working as a staff accountant at a local luxury hotel. It paid $19 an hour plus overtime. It remains my least favorite job because it involved very little actual accounting and a lot of cash counting. Most of my job duties entailed counting, bagging, and tagging cash and keeping track of people's banks (a bank is a reserve of cash disbursed to employees for the purposes of making change for customers). I did make a few month-end journal entries, but suffice to say, I learned very little at that job (hotel operations or even anything accounting related). A year in, I started looking for jobs and told myself I would take the first place that made me an offer.

    My next job was with a local mom and pop property management company. This role paid $47,500. My title was "accountant" but I was really more of an assistant property manager that focused more on accounting and other general administration stuff. I collected rent, gave budget presentations to condo boards, and got quotes for repairs and such. I really enjoyed this job because I learned so much about property management and real estate. The owner and his family were great (over half the people that worked there were family).

    During this time at the property management job, I also decided that it was time to put on my britches and start studying for the CPA exam. About a year and a half in, with the exam almost done, I decided to see what auditing jobs were available out there. I wasn't really looking for a job but found a job listing of "auditor" for the legislative audit agency for my state government. I applied and got the job.

    It was a big downgrade in pay (the starting salary was $44,000, with annual raises), but I found I really enjoyed governmental performance audit and how project-oriented everything was. I thought getting this job would also help me get a public accounting job later too.

    During my time at the state audit office, I passed the CPA exam and completed the 150 credit hour requirement needed for the CPA. Of course, governmental audit is not public accounting and I couldn't get a license because I needed at least 3 years of experience under the supervision of a CPA first. I had only two.

    Around this time, I also started applying for various other jobs. I focused mostly on federal government jobs, but also applied for a variety of other state jobs, and some public accounting jobs.

    A friend helped me snag an interview at one of the Big 4 firms as an experienced audit associate, but they questioned my lack of financial audit experience and ended up not hiring me. That was a shame, I would have taken the job (even over the job I will be starting in February) and wouldn't have had to move away from home.

    The job hunt took a little while but I ended up with a bunch of offers. I got three federal offers and an offer from a regional accounting firm. Between these choices, I decided that one of the federal offers (financial auditor for the Government Accountability Office) was the best choice for me and I'm moving down to Washington next month for it. The starting salary is $61,000 but it's way more money than I'm used to so I'm happy.

    Anyways... if you were a late bloomer career wise, don't give up. Keep at it, pass the CPA exam, and apply for every opportunity out there and make sure that you pick a job that you think you are going to enjoy. The work, the potential co-workers, the work environment, the job duties - those are all really important things to consider before taking a job. I made a few mistakes:

    1. I quit my first job too early even though I enjoyed it a lot. I was learning a lot there, and I gave that all up just for a minor bump in pay at a job I later hated. In order to escape that job, I had to take a job that was a bit out of scope of what I wanted to do.
    2. I should have started studying for the CPA exam sooner.
    3. I should have looked into government work very early on (especially through the Pathways program with the federal government).

    I'm still working entry-level jobs over 5 years into my career but at 27 I'm still not too old for this. I look forward to moving down to DC and learning about how the federal government works.

    submitted by /u/beefcake_123
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    This hurt a little

    Posted: 20 Dec 2018 07:08 AM PST

    i havent done anything but browse Reddit for 3 weeks

    Posted: 20 Dec 2018 12:37 PM PST

    Moved from Big4 to Industry 6 months ago

    annddd I cant take it anymore. anyone feel the same way?

    submitted by /u/thomaschoo-chootrain
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    Are you looking for research questions? Here you go.

    Posted: 20 Dec 2018 05:13 PM PST

    I know my timing is off with the semester just ending, but keep in my mind if you need a paper topic for the spring. The SEC just published a ton of questions they are asking the accounting / investing community. Plenty of options to chose from.

    https://www.sec.gov/rules/other/2018/33-10588.pdf

    submitted by /u/trphilli
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    Best account names

    Posted: 20 Dec 2018 06:04 PM PST

    Just started up at a new job in industry, and there are plenty of accounts titled things like "Ask my accountant" and "1031 profit I guess." What are some account names you've seen? Here are some others when I was doing tax in public:

    • Bribery and Wheel Grease Expense

    • Ask Jeff what to call this account

    • Embezzlement Expense

    • Owner's Piece of Shit Car

    • Under the Table Wage Expense

    • Figure out later

    • Tax Shelter

    submitted by /u/RukiWolf
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    When the auditee ignores your email requesting documentation for the third time

    Posted: 20 Dec 2018 05:46 AM PST

    Accounting is fine, I guess...

    Posted: 20 Dec 2018 08:32 PM PST

    But the 150 credit hour requirement is so fucking dumb. I'm old enough as it is at 26 and I'm wasting so much god damn time taking fluff bullshit classes to hit the requirement.

    That's all. Otherwise, accounting is chill.

    Carry on.

    submitted by /u/idkmanijdk
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    Why everyone in public says "need help with anything?" in a tone of voice that is barely qualifies as quizzical with one foot out the door

    Posted: 20 Dec 2018 09:51 AM PST

    Engagement ring for future wife

    Posted: 20 Dec 2018 11:43 AM PST

    Hey everyone. When you all got engaged how much did you spend/what wS your budget. Asking because of curiosity

    submitted by /u/throwaway4uses
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    CPA ONTARIO: WHAT WAS THAT TAX EXAM

    Posted: 20 Dec 2018 11:59 AM PST

    Is it just me or was that absolutely brutal? Did not hit enough AOs, probably had about 2 pages per case, definitely going to be back in March

    submitted by /u/blickygotdastiffy
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    [CAN] PEP Core 2

    Posted: 20 Dec 2018 01:55 PM PST

    Thoughts on the exam today?

    I found the case pretty straightforward, but the multiple choice was a different story.

    Praying for the curve!

    submitted by /u/Swarley71
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    Public accounting tax people, are there any benefits to working on a certain type of client over another? (e.g. healthcare v. wealth management v. financial services)

    Posted: 20 Dec 2018 02:31 PM PST

    While I haven't started yet, at my office we get to specialize in a certain industry. Is there one that is particularly interesting over another? Is is primarily determined by exit opps? How much variation is there between these groups generally speaking?

    Any input would be appreciated. Thanks!

    submitted by /u/Tominuuss
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    Should I go back to public accounting?

    Posted: 20 Dec 2018 07:15 PM PST

    I was a senior at a regional firm and left to go into consulting at protiviti. The money is better but I really don't enjoy the work at protiviti. My old boss said the door is always open for me to come back to the regional firm. I've been at the new job four months now.

    Is it bad to leave a job after only four months? Have any of you ever boomerang-ed back to public? It would be especially difficult making the transition back right in time for busy season but I don't know what to do.

    submitted by /u/jivehead03
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    Failed AUD twice, need advice

    Posted: 20 Dec 2018 07:08 PM PST

    Recently found out that I passed REG, but failed AUD for a second time (73 and 70, respectively). I scheduled for my retake on January 18th because I took it two weeks ago. Does anyone have any advice on how to be successful on this exam? I drill MC until my eyes bleed. Plus, I come from a tax background so this material is extremely boring for me to comprehend. Is there something that isn't adding up here? This is my last section and have until 10/10/2019 to pass.

    submitted by /u/explodingsoda
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    Can someone explain the accounting ethics portion of the CPA? (California)

    Posted: 20 Dec 2018 07:05 PM PST

    I can't for the life of me understand it. I know that now in California you have to take an ethics class that specifically has Accounting Ethics in the title. The problem I'm having is that I don't know if I need to take it before I can take the cpa or if I can take it afterwards. On the CBA for CA it only mentions needing 24 accounting units and 24 business units.

    Has anyone recently applied for the CPA in California without having the accounting ethics class first?

    https://www.dca.ca.gov/cba/applicants/tip_sheet.pdf

    submitted by /u/VikingsSB53Champs
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    Audit Internship (public); How bad is this gonna be?/What shouldn't I do/expect.

    Posted: 20 Dec 2018 04:38 PM PST

    So I have this audit internship starting my spring semester. Without giving out the name, it's one of the top seven firms in the US. I am taking classes along with the internship and only a junior. I have never taken an audit class before and won't until 2020.

    ​

    They are giving us training on it for a couple of days before the real stuff begins.

    ​

    This is my first internship btw.

    ​

    How bad is this gonna be at first? What should I expect? What shouldn't I do?

    submitted by /u/theshamuactivist
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    Question about Becker Authorization Form-Ernst & Young

    Posted: 20 Dec 2018 10:00 PM PST

    I had a quick question about the Becker Authorization form. I sent the form to Becker to tell them I wish to enroll and then made an account for Becker. My question is what happens next. Becker will notify EY of my intent to enroll and will bill EY for the cost of the course? Then will I get the course for free on my Becker account within the next few days? Just need a little clarification on the matter from anyone who has went through this process.

    Thanks

    submitted by /u/Augustus2424
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    What is Government Accounting Like?

    Posted: 20 Dec 2018 09:29 PM PST

    Junior year accounting student here. I'm currently considering the different types of careers in accounting. Personally, I chose this major with the hopes of obtaining a solid work-life balance while earning enough to live comfortably. Call me lazy, but I have no desire to work over 40 hours a week consistently. I don't care about getting rich or having a fancy title. Just being honest here. Accounting is just a way for me to fund my life and do the things I actually enjoy. That being said, public accounting (particularly Big 4) doesn't seem appealing to me, and there seems to be a lot of pressure to take that route straight out of school. From what I've read, government accounting jobs seem like they tend to be more laid back and less stressful. I hear they offer great benefits and pension without having to work 40+ hour weeks. Is this true? Also, did anyone go into government accounting straight out of college? What steps can I take now to set myself up? What other accounting careers should I consider if my goal is work-life balance and low stress?

    submitted by /u/Slick_Deacon
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