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    Accounting I only see mistakes after hitting send

    April 30, 2019

    Accounting I only see mistakes after hitting send

    I only see mistakes after hitting send

    Posted: 30 Apr 2019 06:17 PM PDT

    Post Busy Season Festivities

    Posted: 30 Apr 2019 05:55 PM PDT

    Oops it’s 38 now ����

    Posted: 30 Apr 2019 03:26 PM PDT

    Yay intermediate accounting is so much fun

    Posted: 30 Apr 2019 03:31 AM PDT

    [Off-Topic] The IRS after April 15th...

    Posted: 30 Apr 2019 12:26 PM PDT

    When client PBCs don’t make sense and it takes you longer than it should to put the workpapers together

    Posted: 30 Apr 2019 06:04 PM PDT

    Big 4 Los Angeles Tax Market

    Posted: 30 Apr 2019 09:24 PM PDT

    Hello, currently working at KPMG Tax as an associate (in federal tax but contemplating a move to M&A) in the SW region and looking to move to LA. Was wondering if anyone can give me some insight into what each Big 4's tax practice looks like in terms of market strength and culture. Thanks!

    submitted by /u/PotatoGoop
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    Is a 40 hour work week possible as an accountant?

    Posted: 30 Apr 2019 10:15 AM PDT

    Is it? I know for Big 4 it's basically impossible, but I'm not interested in those firms. In the the last week I've interviewed at 2 local public accounting firms and an industry job (biology research company). If I get an offer, I'll probably choose the one with the most reasonable hours. If 40 hours isn't possible, which would probably have the more reasonable hours, industry or small public accounting firm?

    submitted by /u/goheels2019
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    They're onto us, lads

    Posted: 30 Apr 2019 06:50 AM PDT

    Intermediate Accounting and Summer school.

    Posted: 30 Apr 2019 10:20 PM PDT

    As I'm preparing to start my Summer school pre-reqs for my MAcc degree, I've read up on the classes in my schedule and I'm a little spooked.

    My Summer school has us taking:

    • Summer Session 1 (1 month period)
      • Intermediate Accounting 1
      • Principles of Finance
    • Summer Session 2 (1 month period)
      • Intermediate Accounting 2
      • Introductory Tax

    I'm constantly seeing people on this subreddit, and other forums, talk about how difficult Intermediate 1 and 2 are, how they've failed multiple times, how Int2 is the hardest thing they had to take and how much harder it was than Int1, which was already difficult, how they're both weedout classes, etc. And that's in a normal school year where you have plenty of time to prepare.

    In some cases, these were people who were now working in B4, already had their CPA...capable people, by all accounts.

    I feel like I'm missing something important here - the school I'll be attending (Wake) is already known to be a "hard grader," so how can I be reasonably expected, with no prior accounting knowledge (outside of principles of financial accounting intro), to pass these extremely difficult classes in such a constrained time period, ALONGSIDE other constrained classes?

    Can someone shed some light on this? Should I start preparing for these now? Thank you.

    submitted by /u/thunder_crane
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    @Me when my friends ask me to hang out and I tell them I have to study for my CPA exam

    Posted: 30 Apr 2019 10:13 PM PDT

    What was your first internship? Did you get an offer?

    Posted: 30 Apr 2019 01:52 PM PDT

    Does Moving From Audit to Advisory Result in a Change in Title/Responsibilities?

    Posted: 30 Apr 2019 05:18 PM PDT

    Call me crazy but I'm one of the proud few who loves his life in audit. That being said, I've always had an interest in forensics/litigation long-term and I'm curious as to how it works. Most people say to make the switch into advisory at the senior level - but can an audit senior really do senior-level work on the advisory side even though they've never touched advisory work? Or do you have to step back down to the associate level?

    submitted by /u/BTHOvapes
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    After tax season blues

    Posted: 30 Apr 2019 09:36 AM PDT

    I officially have the after tax season blues. I'm not saying I necessarily miss tax season but I definitely miss going into work and it just flying by because I had so much work to do that the days just blew by. I'm not sure how to keep busy now, it seems like I'll work on a couple of odd jobs or quarterly filings and then when those are done I have nothing on my plate. How do you guys keep busy?

    My boss lets me study for at least two hours a week for the CPA exams and an extra 4 hours after our 36 hour work week as paid study time but other than that I feel like I'm just plugging in numbers on already made financial statements and copying prior year formats for quarterly filing and just flat out not being challenged to work hard or learn new things.

    What do you guys do to spice up your work weeks?

    submitted by /u/Percy_3
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    First year associates that start with a firm without interning with them first challenges?

    Posted: 30 Apr 2019 11:20 AM PDT

    What are some challenges that this person will face and how can they over come them?

    If you started as a ft associate without an internship under your belt; how did it go for you?

    submitted by /u/lostfinancialsoul
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    Anyone in public have any side jobs?

    Posted: 30 Apr 2019 07:02 PM PDT

    I'm a senior in public but need more $$ and am going to start a weekend job (non accounting related, as required per employee handbook)

    Anyone else have similar experience?

    submitted by /u/PublixAccounting123
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    Hello accountants of r/accounting. I’m a second year accounting major and I would appreciate assistance.

    Posted: 30 Apr 2019 01:58 PM PDT

    As the title say, I am I need some help. For one of my courses, I have to do some research about my major of choice by talking to a professional in the field, that being accounting. I was wondering if any of you would mind answering some questions regarding your job. If so, I would greatly appreciate if you would comment and I'll private message you later. Thank you so much in advance.

    submitted by /u/Specter1125
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    $4.4 Billion Accounting Error Burns Investors in China

    Posted: 30 Apr 2019 06:23 AM PDT

    Work Experience on Resume

    Posted: 30 Apr 2019 10:29 PM PDT

    I worked in my family business for a couple years but it was unpaid. Could I still put this on my resume as the job functions were relevant?

    submitted by /u/HustleCastle346
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    Accounting Market in Los Angeles

    Posted: 30 Apr 2019 09:57 PM PDT

    Hey all, second year accounting student here. I reside in the Los Angeles area and finished off financial/managerial accounting with an A and intermediate accounting with a B. I'll be taking cost accounting and income tax this summer.

    1. What part-time jobs/internships should I be looking at in this stage of my career?
    2. How is the accounting market in Los Angeles?
    3. What are some accounting firms I should have my eyes on in the Los Angeles area?

    Thanks you for the guidance.

    submitted by /u/Lomixd
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    I need a tax topic for my paper

    Posted: 30 Apr 2019 09:49 PM PDT

    Hello to all! My professor assigned us a paper for our final, and we have to find/develop a tax case that is still relevant under current law and not fully solved yet.

    ​

    Here were some suggestions I received:

    -Use the facts and circumstances from the situation of yourself, your family or someone you

    know related to a tax situation that you know is complex. For example, I have a number of

    friends and acquaintances whose businesses might be considered hobbies by the IRS, so

    could easily develop a good hobby loss case.

    -Develop a case in an area that is perennially problematic – like whether business associates

    are employees or independent contractors or whether someone is an active or passive

    participant in a business.

    -Find an interesting case and change or add to the fact situation to create a different

    problem that might be resolved differently.

    -Know of a case where one could argue for different outcomes and the existing guidance is

    not definitive.

    ​

    I'm having a really hard time finding a topic for this and would like some recommendations. I'm ok with taking any topic given to me and running with it at this point. Do you all have any suggestions or ideas?

    submitted by /u/borkdoge
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    Starting at a Public firm in Tax department- looking for experienced advice regarding career path!

    Posted: 30 Apr 2019 12:02 PM PDT

    I'm about to graduate with my Bachelor's and starting full-time in the Tax department at my Regional firm in June. I've made a post before asking what everyone that started in Tax ended up doing, and this will be similar, but also kind of different. I really want to get an idea of what options I'll have for a career path with experience in Public Tax, but I understand that this highly depends on what I do within the tax department.

    That said, I was wondering if anyone with experience could give me an idea of what career path options I could find myself if I tell you a bit about my department. Our tax services include Corporate Tax, Cost Segregation, Expatriate Tax, International Tax, M&A Transaction Tax, and Personal Income Tax (these are all of the services listed on our website under Tax.

    My plan, while not set in stone (more of what I believe I'll want to do based on what I know about Public Accounting), is to do anywhere from 2-5 years in public for the experience, and then look for exit opportunities to a more work-life suitable position. Maybe leave as a Senior, maybe leave as a Manager, depending on what opportunities I might find earlier on.

    I've had some interest in maybe leveraging experience in Tax and a CPA to eventually get into the Finance world, but that's just an interest. I could stay more strictly in Accounting work, too.

    Really any input from someone who started in Public Tax and leveraged that experience for a nice position elsewhere would be awesome. I do plan on tackling the CPA as soon as I finish this last bit of school. So I'll have that. Additionally, I'm not sure if this means anything, but the firm I am working for is a very highly regarded firm within its region with what I believe to be a pretty good client list- I'm not sure if that helps open opportunities down the road.

    submitted by /u/blacktar-lurker
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    ASC 606: Rev Rec help!

    Posted: 30 Apr 2019 09:45 PM PDT

    This is my first post, so we will see how it goes...

    I'm a cost Accounting Manager for a large heavy civil and general construction company. We have an action plan meeting tomorrow to review and discuss the new Rev Rec standards. I've read the standard in detail and looked at many different examples.

    I was hoping if anyone on here could generally explain any standard operating procedures they incorporated into their business or problems/concerns they have ran in to.

    Any feedback would be great! Thanks!!

    Also, we use ViewPoint as our accounting system, to which they haven't done Jack to help with any implementation process. If you're a VP user and found some kind of process your input would be great too.

    submitted by /u/jb1033
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