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    Friday, January 4, 2019

    Accounting Who's ready for busy season?

    Accounting Who's ready for busy season?


    Who's ready for busy season?

    Posted: 04 Jan 2019 07:10 AM PST

    Live video feed of auditors during the first week of busy season

    Posted: 04 Jan 2019 11:06 AM PST

    Blah blah blah, eyes and ears of the shareholders, blah blah blah

    Posted: 04 Jan 2019 04:07 PM PST

    Taking a large sip of Kool Aid to start off the morning.

    Posted: 04 Jan 2019 06:50 AM PST

    Imma dab on the accounting department

    Posted: 04 Jan 2019 01:39 PM PST

    My coworker asked me how to download an image.

    Posted: 04 Jan 2019 01:50 PM PST

    We're in IT audit. I want to die.

    submitted by /u/midsizedbear
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    Before this busy season I wanted to grace you all with my favorite trick to remove (SECURED) AND PASSWORDS from a PDF

    Posted: 04 Jan 2019 08:43 AM PST

    Got one of those dank-ass brokerage statements that you cant print... cant markup... can't do jack-crap with? Say no more, fam.

    1. Download yourself a fresh piping hot copy of Google Chrome
    2. Right click that pesky SECURED PDF, and OPEN WITH Google Chrome.
    3. Click the print button
    4. Destination -> Save As PDF, Click Save
    5. Select this PDFs final resting place (desktop) and PRINT IT.

    That's it. No more SECURED, no more PASSWORD, free reign to do whatever you'd like. RIP (Rest In PDF)

    PDF Security is just about as effective as the TSA.

    Enjoy!

    Edit: Clarification - Some PDF's come "SECURED" but do not require a password to VIEW, only to EDIT. This method removes the limitation on EDITING (extracting pages, marking up, etc)

    submitted by /u/gr00ve88
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    Life after IT Audit...

    Posted: 04 Jan 2019 06:39 PM PST

    Does anyone have some advice/experience with life after IT Audit in B4 (been in B4 ~5 years)? Seems pigeon holed into industry (read: IT Internal Audit) or IT audit at a regional firm. I have also considered going back for a PhD in Accounting but school just seems so daunting... help?

    submitted by /u/friedoysters
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    My firm/employer is so cheap that ... (let’s vent, it’s the weekend)

    Posted: 04 Jan 2019 03:50 PM PST

    Didn't get promoted, slow career progression at small firm [CAN]

    Posted: 04 Jan 2019 04:21 PM PST

    I currently work at small office at a national firm (BDO/GT/MNP). Didn't get promoted to staff 2/intermediate level. Even though, I have almost two years of experience working at the same firm including co-ops, also passed the CFE (going to get my CPA late this year).

    I still don't even know the real reason why I didn't get promoted.The only thing I got out of the performance review was that the firm was shifting towards sales goals (such as promoting the firm, bringing in clients) and that I had went overbudget on a few large files (through this is true, but it was the first few months when I was new).

    It seemed like their office policy is that it required at least 2 years to be staff 2/intermediate, as no one in my office this year got promoted including the other staff 1/junior. The other manager and senior said it took them 2 years as well to be staff 2...

    Worst part, it will take me 3 years to be a staff 2 (Not even Senior), because they completely discounted my co-op experience working at the same firm (different office). Whereas my friends in the Toronto offices and other large offices are getting promoted to staff 2 after 4 months.... I tried transferring there, but my partner disapproved.

    I'm thinking of staying another year so that my firm doesn't clawback my CPA fees (owe 13k) and leave when I get my CPA. Only thing is, I feel like I didn't get any REAL experience working here. It is a small office, so outside of busy season there really isn't much work to do. I want to apply for Big 4 Senior, however because I don't feel like I didn't obtain any good experience (do audits, reviews, NTR, and tax returns for non-profits and small businesses, and didn't senior any audits) this may be difficult.

    Overall it sucks, because I'm going to be the first EVER staff 1/junior to be a CPA. And just seems my exit opps are limited due to the lack of experience and career progression at my current job. I still want to stay in public, and make a reasonable salary (only make 45k right now). Any advice would be appreciated, as
    I feel like I'm wasting my career/time. Thanks!

    submitted by /u/Throwawa0043752
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    Just got the MX Master 2s. I feel like I’ve reached my final form as a CPA

    Posted: 04 Jan 2019 07:52 AM PST

    Should you treat Becker MCQs like a quiz and 'study' for them, or roll into them immediately after lecture/skills practice? Discouraged by low first scores.

    Posted: 04 Jan 2019 08:41 PM PST

    FAR is my first test and I'm just starting F2.

    What I have been doing is watching the lecture and highlighting what Sugar Bear tells me to. I don't go back and read the book. Then, I go into skills practice, usually skip the walkthru of the example problem and do the testable problem- I usually do fairly well on this, though I do a healthy amount of checking before moving on to the next step so I'm not wasting time.

    I then roll immediately into MCQs, and here is where I'm concerned. I just did F1 adjusting entries and it kicked my ass, we are talking in the 50s. It was my last module of the day after cranking out 4, so in fairness, I was a bit fed up, but it worries me.

    On the others, I have been scoring pretty consistently in the high 60s-mid 70s first try- again, without 'studying' or treating it like a quiz. I would then go back and answer the ones I missed till I got 100 percent, which I usually am able to do on the second try, though I think there is a degree of remembering the answer. Am I making a mistake here? Modules are taking me like 2-3 hours already but I'm concerned I'm not doing something right.

    submitted by /u/Red_Rifle
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    Anyone get let go from a public firm and then join another firm?

    Posted: 04 Jan 2019 04:42 PM PST

    I'm 4 years in, but feel like I'm falling behind my peers. I don't want to give up in public yet, and was wondering: if I happened to be let go in the future, could I just hop into another firm?

    Or do other firms look at me being let go as a reason to not hire?

    submitted by /u/Reddit_Redemption2
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    He’s coming

    Posted: 04 Jan 2019 09:48 PM PST

    Sorry for asking here but: do any of you know how i can add my business outlook email to my phone?

    Posted: 04 Jan 2019 01:05 PM PST

    Normally i'd ask our IT company to do this for me but im anxiously sitting at home thinking if i send an email i should've or if i forgot to..

    Basically, i tried a couple of things to add my email to the outlook app on my phone but to no succes.. i might not even look at the right place.

    Anyone got any tips? We use microsoft office as our mailing service

    submitted by /u/mazakaii
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    why is it desirable for you to work in new york city?

    Posted: 04 Jan 2019 08:55 PM PST

    Exit Opportunities

    Posted: 04 Jan 2019 08:31 PM PST

    Just started in B4 and am hoping to put in as many years as I can, but sticking around for the hell of it isn't in the plan. I am trying to think about exit opportunities and my plan, but I honestly don't even know where to start. Getting a B4 job was so easy, it was the next logical step and they came to me. Are Monster and Indeed still good job posting sites to look at? I'm in Tax, and don't really know how to weed through things. I know my transition will be out of public, and something with more stable/consistent hours (preferably <50/wk) with a company that I feel brings good to society (would love non-profit, but won't be able to get much nfp experience in my role), but that's about as far as I've gotten. What are some good resources for starting the job hunt, just to even see what kinds of positions I would be interested in and that would be a realistic transition so that I can best tailor my work in B4. I feel like I go to these sites and it's all postings for other public accounting firms or AR/AP, maybe I don't know the right buzz words?

    submitted by /u/holdyourownpenis
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    All of us after month end, quarter end, and year end.

    Posted: 04 Jan 2019 01:32 PM PST

    Best way to prepare for Cost Accounting?

    Posted: 04 Jan 2019 08:19 PM PST

    Hello guys! So I'm taking Cost accounting this upcoming Spring semester alongside Stats and two other general business classes. I struggled a bit back when I took manegerial acct so I'm gonna assume I will struggle in Cost acct. So what would be the best way to prepare for this class?

    Thanks!

    submitted by /u/salbmar
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    Feels like im drowning

    Posted: 04 Jan 2019 10:59 AM PST

    Long story short, I left Big 4 audit a couple years ago and received a 30% pay bump going into industry. The money blinded me from the work environment and the culture was very toxic. I recently boomeranged back to public and managed to get a pay bump coming in but it was to just escape the last job. Now that busy season is here, I'm given a lot of responsibilities with very little direction and they expect me to know it all based on my background. Feel like I'm drowning and checked out of audit altogether.

    Debating starting the interview process and risk burning bridges.

    submitted by /u/Successful_External
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    How did you get your foot in the door?

    Posted: 04 Jan 2019 07:57 PM PST

    I received my Associates degree majoring in Accounting a few years ago but I find it difficult to get my foot in the door with everyone asking for experience. How did you guys get your start?

    submitted by /u/DutchZ33
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    Career Change to Accounting Question

    Posted: 04 Jan 2019 01:36 PM PST

    Okay, so here's my story........

    2010: Started college majoring in Accounting, Changed to English (BAD CHOICE I KNOW, but i was thinking "positive")

    2015: Graduated with BA in English Writing, Minor in Spanish. 3.2 GPA

    2015 - 2017: Lived in Foreign Country (Spanish speaking, became fluent) teaching English and ghostwriting for fiction publisher under contract.

    2017: Came back to U.S. to take care of mother, she died, i was unemployed for 1 year as she was bedridden and i was fulltime caretaker.

    Late 2017 to present: I am working as Leasing agent in property management, just purchased first home

    I WILL BE TURNING 30 THIS YEAR. No children, unmarried

    I am contemplating going back to school to get a Masters in Accounting...taking whatever undergrad courses I need to "qualify" for the Masters program at local state university. I spoke with admissions department at local state university and was told that my majoring in English wouldn't be a problem for being admitted to the program. I truly enjoy reading accounting and economics books/studies as well as am intrigued now in the earning potential and stability of a career in accouting. Here are my questions....

    Is it "too late" to get my masters in accounting if it were to take me roughly 2 years to complete? Do my odds look good of getting a "good/better" job on the other side? Would my English degree background hurt me? Would my age hurt? Would perhaps my reading/studying and even writing/publishing analysis/reviews of accounting and economics books maybe help play up the useless English degree? I am a black man...in Indiana...Would that possibly be a factor in this industry with all of the other previously mentioned factores considered?

    Any feedback is welcome. I go meet with admissions next week and want feedback from people who are either studying or already working in the accounting world. I feel like the sun is setting before I am getting to the marrying/having children age and need to know my chances in changing to an accounting career.

    submitted by /u/georgefromindy
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    How to keep your spouse/partner happy during busy season?

    Posted: 04 Jan 2019 05:37 AM PST

    I've seen lots of posts from concerned spouses who have a partner working busy season and how to be there for them. What I haven't seen is how the ones working busy season keep their spouses happy?

    First year auditor here, with a client that notoriously works later and longer hours than anyone else in our office. How do people balance 15 hour days while still being a functional member of a relationship/marriage? I can't even fathom having kids....

    submitted by /u/throwawaybig420
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    Automation of different service lines at Big 4?

    Posted: 04 Jan 2019 06:17 PM PST

    Now that automation is the talk of the town I'm a bit curious as to which service lines will be harder to automate?

    I'm a bit curious if anyone here could give insight on how easy the following service lines would be to automate/could they be automated?

    Tax/Audit (would they be automated fully in the next 50 or so years?)

    IT Audit (would it take longer to automate than the rest of audit?)

    Transactional services/M&A (since it's like investment banking, I'd imagine it would take a long time to automate, right?)

    Actuarial (since actuaries have to be excellent in math, would computers beat them out easily since computers seem to be good at math?)

    Management consulting (can you even fully automate this?)

    submitted by /u/QuantQuestion
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