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    Accounting basically

    March 25, 2019

    Accounting basically

    basically

    Posted: 25 Mar 2019 07:47 PM PDT

    Told a girl I met at the bar that I’m an accountant and...

    Posted: 25 Mar 2019 10:41 AM PDT

    Me welcoming the new associates.

    Posted: 25 Mar 2019 07:06 AM PDT

    My life as a tax 1st year

    Posted: 25 Mar 2019 04:10 PM PDT

    Coping with smart people

    Posted: 25 Mar 2019 10:22 AM PDT

    Coworker just bragged that she got a huge refund. Because she and her husband are so "financially savvy," they way over-withhold to the point that by the end of the year they have maxed out their credit cards. They then use the refund to pay off the credit cards and pay for their vacation. When I questioned the interest being paid on the credit cards, I was informed that they both have extensive financial experience and this is the best way to budget they've found. They recommend this method to friends who have also deployed it.

    My question is...how do I cope with this level of genius?

    submitted by /u/FightTheIdiots
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    When you reach peak busy season

    Posted: 25 Mar 2019 09:01 AM PDT

    Get an internship they said. You’ll get some valuable real world experience... I have officially learned the most efficient way of stuffing checks with minimal paper cuts!

    Posted: 25 Mar 2019 12:53 PM PDT

    I wonder what other shady things happen here...

    Posted: 25 Mar 2019 06:04 AM PDT

    I guess it was meant to be

    Posted: 25 Mar 2019 07:53 PM PDT

    fired during tax season for billable hours

    Posted: 25 Mar 2019 05:43 PM PDT

    I've been out of school since 2017, I got a degree in both accounting and finance so I had the hours to sit for the CPA Exam. My dad owns a small firm and I worked there for almost a year until my dad and I mutually agreed it would be best for me to work elsewhere. I wanted to grow as a professional, and I did not do a great job of separating Home and work when I worked for him. He was not used to having entry level accountants as his line of work is very specific to fraud and valuation. He does tax work too but it is not his priority.

    I got a job at a decently sized regional CPA firm in a different city and worked there until February. I was learning a lot and it was definitely a different experience. I enjoyed my time there.

    In the middle of February my boss approached me about my billable hours. They were absolutely terrible, and I made sure to be fully accountable when he asked why. It was my fault, and I needed to do a better job of asking for more work when I was finished. He said I would be fired if I didn't improve, and that by not doing so now he was giving me the benefit of the doubt. He gave me two weeks to improve. (note: this was my only kind of issue I had working in the ~4 months that I was there). During tax season there I had done about 40 tax returns, and done most of the work on a small governmental unit audit in two weeks time. I wouldn't consider any of the review points I received to be severe, and I definitely made it a point to not make the same mistake twice.

    Two weeks passed, and I was fired before my timesheet was even turned in. I was very confused, as I started getting to work a lot earlier and staying much later, and picked my billables up of course in the process. They were only bad for one two week period, anyway. My boss called me in on February 28th and told me my time was unacceptable and that they were going to have to let me go— two weeks after telling me I'd be getting the "benefit of the doubt" and a chance at showing improvement/keeping my job. It seems like he knew he was going to fire me the entire time, but got some (let's all say it together cheap labor) in the meantime. Has this ever happened to anyone before?

    The middle of tax season is an excellent time to be job hunting, in case anyone was wondering...

    ————————————————————————

    submitted by /u/compelled1q
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    It all makes sense now

    Posted: 25 Mar 2019 07:36 PM PDT

    My review note for user memesfornormies

    Posted: 25 Mar 2019 10:07 PM PDT

    just waiting on you boss

    Posted: 25 Mar 2019 02:22 PM PDT

    [CAN] Got my CPA but not loving Big 4 audit, next steps?

    Posted: 25 Mar 2019 05:03 PM PDT

    Hey there, long time reader of the sub. Coming to you all in need of some advice.

    I'm in my fourth busy season right now as an audit senior in Big 4. I did my first three years in public practice at a local firm, and left for big 4 around when I passed the CFE and got my letters last fall. My plan at the time was to spend one year/busy season in big 4 to gain some extra experience and boost that resume before trying to move to industry.

    Now, busy season is coming to a close, and it's been a bit tougher than I thought (and a big step up commitment-wise from what I was used to). My performance has been a bit hit and miss and I'm not sure what they think of me so far. I was a strong performer at my old firm so it feels a bit weird struggling. Also been a bigger culture change than I thought, been a bit tough managing it. I think now I'm going to start looking to make a change sooner, I'm pretty sure I don't want to go through another busy season and I'm definitely done with audit.

    I need help with navigating these next few months. Should I start looking elsewhere at the end of busy season? Stay and try to enjoy some of the downtime summer months? Maybe try looking into transferring into another, non-audit service line within the firm?

    I like accounting but not audit very much. I was a multi-talented student in business school, did well with marketing and project management roles in extra-curriculars and coops and would like to tap into a bit of that with a CPA now attached to my name. What kind of role might that be at this stage for me?

    I know folks out there have been through a similar rough patch, so I'd love to hear your encouragement/advice/experiences. Thanks!

    submitted by /u/throwaway3131311010
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    That one moron who asks about how your CPA exams are going but it’s busy season

    Posted: 25 Mar 2019 04:54 AM PDT

    Just got a review note to reclass $30 from repairs to bank charges on a client with over 200k in income. How’s your day going?

    Posted: 25 Mar 2019 11:13 AM PDT

    Friendly reminder to try your best to pass your CPA exams before you start working.

    Posted: 25 Mar 2019 10:04 AM PDT

    This sub has made me paranoid about managers

    Posted: 25 Mar 2019 04:49 PM PDT

    I'm pretty sure this sub has scarred me in some way! Every time my manager gives me positive feedback, I feel like shes secretly thinking I am an absolute idiot (which to be fair, I am) or trying to sugar coat things before I got ran into the ground. Does anyone here have similar forms of paranoia from reading all the horror stories here? (just in case I wasnt clear, im 85% joking around)

    submitted by /u/maddog3294
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    What percentage of the time do you feel you don’t meet the budgeted hours on a return?

    Posted: 25 Mar 2019 07:50 PM PDT

    Listening to people obsessed with politics try to tell you how taxes work.

    Posted: 25 Mar 2019 03:31 PM PDT

    Does anyone else get enjoyment out of people who do nothing but bitch about politics try to act like they completely understand every tax law? My favorite so far is "you don't understand, gays pay less taxes".

    submitted by /u/OkAdvice117
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    Is Accounting Worth It? [CAN]

    Posted: 25 Mar 2019 07:33 PM PDT

    The memes are here are really depressing and make me really reconsider going for accounting as a career. My ideal would be working in Industry, because Public sounds hella boring, but I've had experience at Sunlife Financial before for an internship in Accounting Operations and Financial Reporting, and found it quite boring. Maybe it was because I got the co-op work, but even the work I saw my team doing seemed quite boring. I preferred to project they made the co-ops do, where the work wasn't repetitive, required collaboration, mapping together and looking at how a process worked and trying to make it more efficient. So now, I'm really stressing over whether accounting and the CPA path is right for me and whether or not I have a mental capability in me to pursue it. I'm currently taking Taxation 1 in university and it's manageable, but SOO F***KIN boring at times (though I really enjoy how applicable and real life it is) My other thing is that my background is in Math and Business, so I have various opportunities to choose from like SCM, Marketing, Data Analytics (I know some Python and SQL) but dread Finance.

    So what do I do? I'm just so lost. I have so many opportunities to do things with my degree, but just don't know what to choose. I like marketing, environmental/sustainability, but I know in my heart that won't give me a stable job like Accounting would. I could just settle for an accounting job and work towards an 80K salary after 4-5 years of experience after uni while working on a CPA but god is sounds dreadful...Any career advice?

    submitted by /u/h0p3ful1
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    Adviser gave me wrong advice, about to graduate with masters but still CPA ineligible (Texas CPA)

    Posted: 25 Mar 2019 09:41 PM PDT

    Hello,

    I am a non-traditional accounting student (Undergrad was in a foreign language, masters is in accounting). One of the advisers at my school last summer advised to take a GENB class for the 24 required business courses, even though I already had two. Apparently in Texas you cannot have more than 6 hours (2 classes) of the same type (GENB, MARK, MANA) for this requirement. I am registered to graduate in May 2019 and I really cannot afford to take another class right now, and I have 3 GENB classes. The previous adviser that told me to do so left her job for another position in January so I can't really hold her accountable.

    TLDR: Previous adviser gave me the wrong advice and I may be potentially short 3 hours for CPA eligibility. She left the job and my new adviser told me I'm missing a class when I'm about to graduate. What should I do?

    Are the TSBPA sticklers about the no more than 6 hour requirement?

    submitted by /u/Moritsuna
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    Will I Be At Risk of Losing my Job in Ten Years If I Pursue Accounting?

    Posted: 25 Mar 2019 07:24 PM PDT

    Would you guys say $40k in loans is a lot to graduate with?

    Posted: 25 Mar 2019 10:10 AM PDT

    I'll be graduating next May with that amount of debt, although I may be able to lessen it a bit, with my Master's and 150 credits. Is $40k manageable? About half of it is direct-subsidized govt, while the other is private.

    The CoL where I'll hopefully be working is pretty average middle-class America, not NYC or someplace like that.

    submitted by /u/skyinblue
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