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    Accounting Gearing up for busy season

    January 02, 2019

    Accounting Gearing up for busy season

    Gearing up for busy season

    Posted: 02 Jan 2019 05:01 PM PST

    Petition to change the upvote/downvote button to something like this

    Posted: 02 Jan 2019 07:52 PM PST

    When you are posting accruals and reversals in 2018 and 2019 at the same time.

    Posted: 02 Jan 2019 07:16 AM PST

    Manager Training 101

    Posted: 02 Jan 2019 06:05 PM PST

    Is it bad that I immediately thought of public accounting?

    Posted: 02 Jan 2019 09:06 AM PST

    When you're trying to close the year and you finally find the journal entry that fucked up your WIP balance two months ago.

    Posted: 02 Jan 2019 04:42 PM PST

    H.R.

    Posted: 02 Jan 2019 11:54 AM PST

    Walking into your first busy season as lead senior

    Posted: 02 Jan 2019 11:11 AM PST

    How getting fired from a Big 4 changed my life (for the better)

    Posted: 02 Jan 2019 08:58 AM PST

    Note: I just wanted to write this to express my views and detail my experiences. I am not going to tell you to never go the Big 4 route. In fact, it was a great learning experience and a stepping stone to bigger and better things. I am 29 now and I have learned from my mistakes and that has helped me become a better professional. Hopefully this can help some of you who have been fired recently or put on performance plans or considering a career change.

    I was fortunate to receive a Big 4 offer and thought I would work hard as hell. I was doing IT Audit which I knew nothing about and never thought I would be working in. After a few projects, the realization that joining a Big 4 or even going into Auditing seemed to be a huge error in my life. I was getting demotivated with the work and wishing I did economics or something along those lines because that's where my real interests lied. I tried getting into interesting projects with the corporate governance team (same practice area) but that never worked out because it was very different from IT audit. I felt okay at times because some of the projects that I was on went smoothly with great team members and good commutes. I also got staffed on a new client where I was flying across the country with team members, that was fun. I still use the manager on that project as a reference. However, I still had 3 projects that went poorly for me due to various reasons and that wrecked my performance.

    I also started discussing with HR the prospect of going to graduate school (part-time). Looking back, I think that was a big fuck up for me.

    After a little over 1.5 years my calendar started getting empty. I got placed on inventory calls where I would have to go to random places and do inventory counts. I got an email the day before from HR asking if I am available the following day to meet. I met with HR and a partner and that was it for me. I was let go. Funny thing is, this was a week after a dodgeball game for everyone in my practice. It was still the worst day of my career. I said my goodbyes to everyone in emails and IMs and left the building. Grown man, sobbed like hell in the car because I didn't know that would happen.

    Looking back, it was the one thing that propelled me to become a better professional and to finally get into what I wanted to do. The next day, I started applying to Internal Audit jobs in my local area. A lot of them wanted people with external audit experience. I told them I wanted to go to grad school (during the interview) and they were supportive enough to hire me on. I got really lucky. Got an offer on the spot and started a month later. Better pay, standard hours, flexibility, and seniority. My experience in Internal Audit was much better than External Audit. In that month I had, I was able to take a summer class at the local university that I always wanted to take, start looking for masters programs, and prep for my next job. A year later, I was able to quit and enter into grad school. Now I am doing something that I think is perfect for me.

    For some of you who maybe on the verge of getting fired or have gotten fired, always always obtain a reference (senior or manager) from that workplace. It will be very helpful in applying for future jobs. Always keep in touch with that person once a year by sending a simple update email. I spoke to my reference just a week ago and she said almost everyone who was there when I was there...had left. Working in a Big 4 was a stressful period and it certainly wasn't for me. But it can be for some people. I met a lot of good people and a lot of not so good people. Overall, it was a huge learning curve and I can proudly say I have learned from my mistakes after getting fired. This helped me become a better professional. It helped me realize that auditing or even consulting is not right for me. It's truly not the end of the world if you get fired. It served as a career jump start for me. I accepted it it graciously, I got out of my comfort zone, and I immediately starting planning for my future career.

    submitted by /u/throwawaysaltado3
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    When you check your email and see that you were assigned to yet another inventory count

    Posted: 02 Jan 2019 06:47 PM PST

    When the manager calls you on New Years Day to ask if the client is responding to your PBCs

    Posted: 02 Jan 2019 09:17 AM PST

    CPAs are boring... (30 seconds spot)

    Posted: 02 Jan 2019 04:30 PM PST

    Spotted: big 4 accountants pretending uplifting quotes will make busy season any better. I’m all for the positivity while it lasts, but curious what replaces these on this whiteboard like, 3 weeks from now.

    Posted: 02 Jan 2019 03:37 PM PST

    Did any of you guys start in accounts payable or receivables and move into a staff accountant role later in your career?

    Posted: 02 Jan 2019 02:37 PM PST

    So I dont really have any interest in pursuing public accounting at all. I would much rather go straight into industry because the work life balance seems a whole lot more comfortable. The university I plan on going to is super small only 1500 students and has a small accounting program but it still includes intermediate accounting, cost accounting, tax and audit so i am not going to be missing out on any of the core classes needed.

    One of my dad's friend's wife is a controller and she said that it is probably going to be the best if i start in accounts payable or receivable and then move my way up whether it be in the current company or by switching companies. She said that I can try for staff accounting positions but it is usually easier to get AR or AP roles and just move up by job hopping.

    Did any of you guys do this when you graduated. I hear a lot of people slamming AR and AP jobs but i dont plan on staying in that role forever. I would just use it as a stepping stone to get to the job I want. Thanks

    submitted by /u/forestgather50
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    1-Year Audit Associate Exit Opportunities

    Posted: 02 Jan 2019 02:13 PM PST

    Just curious - Anyone on here leave public (Audit specifically) after 1 year (or 2) and comfortable with sharing some info?

    Would love to hear:

    Region

    Old Title (ex. Audit Staff 1)

    Old comp (base + bonus)

    New Industry

    New Title

    New comp (base + bonus)

    New Work/life Balance

    Thanks! Any info would be helpful.

    ​

    ​

    ​

    ​

    submitted by /u/Markeyman
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    Busy season starts

    Posted: 02 Jan 2019 05:52 AM PST

    You know, it’s the small things that make the new year start out great. Like 12/31 being on a Monday instead of a Sunday this year. #confirmations #bankrecs #substantivetesting #auditorlife

    Posted: 02 Jan 2019 01:46 PM PST

    Starting at an accounting firm, do I need to review accounting from school?

    Posted: 02 Jan 2019 03:12 PM PST

    I am starting as a Staff Accountant at a firm soon, I was wondering if I need to review any accounting from school such as intro financial accounting, tax or audit etc.

    I'm asking because I've been out of school for a year so I almost don't remember anything apart from the basics.

    I'm afraid of not being able to remember something simple and people thinking I am stupid or questioning whether I have a real accounting degree.

    submitted by /u/winterfreshmint112
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    New firm hiring, anyone in?

    Posted: 02 Jan 2019 12:13 PM PST

    Do I have to do big 4?

    Posted: 02 Jan 2019 04:35 PM PST

    I'm interning for a smaller firm and so far the people here seem great and I'm am looking toward a possible positive future with this company. All I hear is horror stories of big 4, and it doesn't seem like something I could even mentally handle let alone prosper through. Do I HAVE to do big 4, or would a smaller firm give me just as many options in terms of job opportunities?

    Thanks!

    submitted by /u/TheAcct
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    Becker MCQs

    Posted: 02 Jan 2019 06:43 PM PST

    Do the Becker MCQs make anyone else want to jump off a bridge? Why are they so complicated? I've never felt this dumb in my life. I got A's in every accounting course and these MCQs make me feel like I'm borderline mentally challenged.

    submitted by /u/wtf19273
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    Am I Getting Fired After Busy Season?

    Posted: 02 Jan 2019 03:25 PM PST

    First year audit Big 4, hired in July 2018. Been consistently staffed since then and my busy season client ends Feb 28th. I've been trying to get staffed on clients after February and am having no luck. My mentor seems uninterested in helping me and only says "it's normal to be unstaffed during that time, but has staffed me for later in the year.

    My quality of work on this current client, as far as I feel, has been mediocre at best. My senior, manager, and partner have been praising me, but I'm wary since I've personally witnessed upper management praise staff to their face, and then tell other managers to not staff them.

    So yeah... basically reached out to multiple managers with no luck in staffing, worried that being unstaffed will get me fired.

    Advice/thoughts?

    submitted by /u/ProphetOfPositivity
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