Accounting Incredibly accurate

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• Incredibly accurate
• It do be like that
• ITT: People spewing mumbo jumbo about "corporate tax rates" while not understanding loss carryforwards
• Busy but not busy
• Actual footage of the manager opening my WPs.
• Why is Audit so boring? It seems interesting?
• Only Congress could figure out a way to make multi-state K-1 input worse
• When a client asks if they need to send their capital gains to Obamacare
• How do I do this question??
• Which offer is better in your opinion? 6 yrs experience, 95k big 4 job or 80k senior accountant job for State agency.
• Happy Last Saturday everyone!
• What will I actually do all day in front of the computer as an accountant?
• Should’ve spent it on sweet black tar heroin.
• This wasn’t in the manual...
• Is it looked down upon to message HR/Recruiters on LinkedIn
• Credit or Debit COGS when adjusting for intercompany profits in inventory?
• TBS kicked my ass
• Maze is constantly relatable af
• Umm. We are eff’d.
• Job Hunt has me down -Tips?
• What's up with the lack of compliance and auditing requirements surrounding XBRL reports?
• What makes you stand out in an interview?

Incredibly accurate Posted: 13 Apr 2019 12:40 PM PDT submitted by /u/ojaydajuiceman [link] [comments]

It do be like that Posted: 13 Apr 2019 01:25 AM PDT submitted by /u/theirrationalmind [link] [comments]

ITT: People spewing mumbo jumbo about "corporate tax rates" while not understanding loss carryforwards Posted: 13 Apr 2019 04:38 PM PDT submitted by /u/RSN_Romuva [link] [comments]

Busy but not busy Posted: 13 Apr 2019 09:22 AM PDT Does anybody else find themselves in this situation? The client is not getting us the PBC's we need to wrap the audit, so I have multiple staff coming to me asking for tasks when I don't even have anything to work on. Meanwhile the Manager is overwhelmed with work that she can't/won't pass off to anyone. So even when I show her that the staff have nothing to do because all our open items are held up on the client end, she's like "Well we need to get the audit done so we need to stay late/work Saturday and Sunday" as if us being at the client when they aren't even there is gonna help the audit get done faster... So I'm spending 13+ hours on weekdays and several hours on the weekend just staring at the audit file trying to feign productivity... Mostly venting, but also wanna know if this happens to anyone else. submitted by /u/tccsnandybu [link] [comments]

Actual footage of the manager opening my WPs. Posted: 13 Apr 2019 12:47 PM PDT submitted by /u/PCAOB-I-See-You [link] [comments]

Why is Audit so boring? It seems interesting? Posted: 13 Apr 2019 04:41 PM PDT I'm from a tax background but have always thought about moving to audit. Yet i hear audit is terrible and people hate it. ​ However, from the outsie it seems so much more interesting than tax for me ​ - Get to travel and look at different businesses - Get to investigate their structures and internal controls ​ Seems like you're a detective and get to travel. Should i appy for audit jobs? submitted by /u/cruelpain [link] [comments]

Only Congress could figure out a way to make multi-state K-1 input worse Posted: 13 Apr 2019 05:13 PM PDT Fuck PTPs with 199a submitted by /u/bjacks12 [link] [comments]

When a client asks if they need to send their capital gains to Obamacare Posted: 13 Apr 2019 03:26 PM PDT ​ Processing gif kxkei264z3s21... submitted by /u/premeditatedsleepove [link] [comments]

How do I do this question?? Posted: 13 Apr 2019 05:12 PM PDT https://imgur.com/a/LwWQbNU The answer is D. But how do I get the EPS? submitted by /u/CraftMeme [link] [comments]

Which offer is better in your opinion? 6 yrs experience, 95k big 4 job or 80k senior accountant job for State agency. Posted: 13 Apr 2019 03:20 PM PDT submitted by /u/LOLLL2019 [link] [comments]

Happy Last Saturday everyone! Posted: 13 Apr 2019 05:43 AM PDT submitted by /u/Scoobert_Doobert420 [link] [comments]

What will I actually do all day in front of the computer as an accountant? Posted: 13 Apr 2019 07:21 PM PDT submitted by /u/FuckLGBTrightslol [link] [comments]

Should’ve spent it on sweet black tar heroin. Posted: 13 Apr 2019 06:57 PM PDT submitted by /u/ianjones17 [link] [comments]

This wasn’t in the manual... Posted: 13 Apr 2019 07:56 AM PDT submitted by /u/yuiop300 [link] [comments]

Is it looked down upon to message HR/Recruiters on LinkedIn Posted: 13 Apr 2019 04:39 PM PDT I was browsing through a few Summer Internships and I found the recruiters for that job posting on LinkedIn. Is it strange/looked down upon if you just randomly message them about a posting you're interested in that you saw on a job board? Or does it really not matter? Thank you to anyone who responds submitted by /u/notashitpostlol [link] [comments]

Credit or Debit COGS when adjusting for intercompany profits in inventory? Posted: 13 Apr 2019 08:00 PM PDT One issue that I have with consolidations is that intercompany profits embedded in inventory confuse me. Lets say there is $12,000 of profit embedded in opening inventory. My thought is that... When you have intercompany profit (from parent to sub) in opening inventory then cost of goods sold is overstated while inventory is understated. Therefore, we need to make an adjustment to reverse this (since it's an intercompany transaction). On the consol we will credit cost of goods sold and debit inventory to reverse the transaction. Is this correct? DR. COGS 12,000 CR. Inventory 12,000 ​ Opening inventory profits = inflated COGS, deflated Inventory = Adjust by CR. COGS, DR. Inventory Ending inventory profits = deflated COGS, inflated inventory = adjust by DR. Inventory, CR. COGS. Is this the idea? If not can someone elaborate where I'm going wrong? submitted by /u/BlessTheBottle [link] [comments]

TBS kicked my ass Posted: 13 Apr 2019 02:31 PM PDT I literally blanked out and didn't know what to do. Guess I'm a bad test taker. Had a few curves on Multiple choice, then the rest was history. Was almost in tears when I left. Really put a lot of effort into this FAR exam. Roger CPA was trending me at about 85%. Having a really bad day. submitted by /u/fumblefingers2 [link] [comments]

Maze is constantly relatable af Posted: 13 Apr 2019 01:00 PM PDT submitted by /u/hotdog110876 [link] [comments]

Umm. We are eff’d. Posted: 13 Apr 2019 06:39 AM PDT submitted by /u/BenevolentDespotism [link] [comments]

Job Hunt has me down -Tips? Posted: 13 Apr 2019 01:16 PM PDT Hey guys! I will be graduating in December of this year and am feeling a little down. I'm in my 30's so not the typical college student. I'm currently working as a Staff Accountant, but for a small company that does things really old school and I'm not really interested in staying there. I've applied to Auditing internships, because that is what I'm really interested in, and maybe its a cop out, but I feel like my age and work experience might be a detriment to me. I've not heard anything back and am getting really discouraged. I've applied to a few other Staff Accountant positions in companies I would like to be with long term, and had interviews, that I felt went well, but didn't get an offer. I'm at the point now where I'm applying to Accounting Assistant positions and Clerk positions just to get my foot in the door of a company I actually want to stay at long term. Anyway, I don't know. I guess I'm just looking for words of encouragement, advice, or anything. Because right now I'm feeling like I'm going to graduate in December, have no prospects and just be stuck where I am. I'm feeling like I spent all of this money on a degree for no reason. Once I get my Bachelor's I'll just have a few more classes to take to be CPA eligible, but I plan on studying for that for awhile, so not sure I can say for sure when I will actually have it. submitted by /u/OverHuckleberry [link] [comments]

What's up with the lack of compliance and auditing requirements surrounding XBRL reports? Posted: 13 Apr 2019 06:05 PM PDT Really, like what was the purpose of dropping millions on implementation of XBRL if the SEC was never going to follow through with actually attempting to regulate XBRL reports. XBRL look's fucking wonderful from the surface. But once you start trying to dig through the tags and try to reconcile data shit just goes wild. Why even allow custom tags? That right there just defeats the whole purpose of standardization. Rant over. But seriously, XBRL compliance should be a top priority for the SEC/PCAOB if their goal is transparent financial reporting. If XBRL actually became standardized enough for investors to confidently rely on without too much intervention that would be a game changer -- especially for small investors who don't have Bloomberg terminal money. submitted by /u/whreeetparsianfood [link] [comments]

What makes you stand out in an interview? Posted: 13 Apr 2019 02:16 PM PDT I've applied to several firms in the past, but haven't been able to secure a job. I understand that PwC and RSM are very competitive, but I've also applied to smaller firms and still get rejected. My GPA is 3.22, and some firms (maybe a lot of them) may see that as low, but since I'm graduating next month I can't do much to change it. However, I was wondering if anyone who's been hired by a public accounting firm or has been an interviewer can tell me what made you/the chosen candidate stand out in the final round. Was it still all about GPA in the final round? Are there some ways that interviewers expect candidates to answer the questions? Thanks in advance for any help! submitted by /u/ballettapandjazz [link] [comments]

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