• Breaking News

    Monday, April 1, 2019

    Home Unlabelled Accounting Marketing is better than accounting

    Accounting Marketing is better than accounting

    April 01, 2019

    Accounting Marketing is better than accounting

    Marketing is better than accounting

    Posted: 01 Apr 2019 02:08 PM PDT

    Marketing is harder than accounting. It's also way more interesting and challenging.

    Happy april fools day :)

    submitted by /u/today-is-the-future
    [link] [comments]

    PBC Depreciation Schedule

    Posted: 01 Apr 2019 07:54 AM PDT

    Can anyone else relate?

    Posted: 01 Apr 2019 07:25 PM PDT

    How Axcess was working for me today...

    Posted: 01 Apr 2019 06:30 PM PDT

    My cubemate makes weird noises with his nose all day, will a jury be sympathetic?

    Posted: 01 Apr 2019 02:50 PM PDT

    It sounds as if he has a booger constantly dangling on his nose hair and he's trying to blow it out without picking it. But it never shakes loose, so he just keeps doing this weird blowing thing.

    He's also a literal mouth breather and the same time. So I'm completely fucking confused.

    Anyway, will a jury find me innocent of murder?

    submitted by /u/Pandorama626
    [link] [comments]

    I found this written on a desk at my college library

    Posted: 01 Apr 2019 05:50 PM PDT

    Is this deductible?? �� Just opened a client’s mailed tax documents and in addition to 1098s, W2, and a cancellation of debt there was this:

    Posted: 01 Apr 2019 07:31 PM PDT

    Accounting joke

    Posted: 01 Apr 2019 06:32 PM PDT

    What do a pornstar and an accountant have in common?

    They both spend their days in the sheets. 😂😂

    submitted by /u/Phattii
    [link] [comments]

    This song came on my way to work today...Godspeed fellow tax dudes ��

    Posted: 01 Apr 2019 04:31 AM PDT

    Help: What is the easiest / most efficient way to complete the education requirement for the CPA??

    Posted: 01 Apr 2019 05:59 PM PDT

    Hi Everyone,

    ​

    I recently passed all 4 parts of my CPA Exam and all thats left to do now is to finish the education requirement. I am a CPA candidate in NYS. I talked to my state accountancy department and they said that I need 12 more Accounting-specific credits.

    ​

    I have been researching options to get the last 12 credits, and so far I am between University of Phoenix and Continuing Education Online Classes at LSU. So far I am leaning towards LSU because University of Phoenix is extremely costly. I am looking to do this online since I am currently working, and have other life commitments that would prevent me from taking in person classes. I would ideally like to be done by year-end and I am willing to start right away.

    ​

    Does anyone have tips of cheap, online, college courses that I can take to complete my education requirement and finally get licensed? I really appreciate any advice, the journey to the CPA seems like a never-ending nightmare but this is the last piece I need to finally be done.

    submitted by /u/JEA2393
    [link] [comments]

    New CFO wants to review Balance Sheet recons. Is that weird?

    Posted: 01 Apr 2019 10:01 AM PDT

    So I'm new to the whole industry thing, and honestly so far it is incredibly overrated. I've been here about 4 months and it's just been a shit show of stupidity. Anyways, we got a new CFO and he's decided he wants to sit down with the GL people and review each of their recons with them. It sounds like something you'd do in elementary school or something. We're a shitty tech company with about 250M in revenue to give you an idea of the size. I'd assume a CFO would have more important, big picture type of things to focus on, so on a scale of 1-10 how crazy is this?

    submitted by /u/R0GERTHEALIEN
    [link] [comments]

    Do companies even look at your application before your deadline?

    Posted: 01 Apr 2019 09:02 PM PDT

    I was just curious because i applied the day before the deadline and was wondering if that would hurt my chances of being accepted. Thank you

    submitted by /u/Bzszn
    [link] [comments]

    Anyone leave public earlier than senior? Do you regret it?

    Posted: 01 Apr 2019 06:04 AM PDT

    Currently fantasizing everyday, of having a job that less stress, less travel and more money.

    Currently being messaged by recruiters at least once a day, and honestly tempted to jump ship so I can go on cool trips with my friends and have better work life balance.

    submitted by /u/Sweaty_Rise
    [link] [comments]

    Question on Ebitda

    Posted: 01 Apr 2019 06:44 PM PDT

    Hi,

    I understand Ebitda is a poor proxy for cash generated by a business (especially in Capex heavy industries)

    Does Ebitda include or exclude working capital? Ie: Are AR, AP and deferred revenues counted in Ebitda or not?

    I would tend to think yes for AR and AP as AR would be a revenue and AP an expense but just not settled for cash yet.

    Ps: I am not an accountant...

    Thanks

    submitted by /u/Choubix
    [link] [comments]

    How is T-Mobile treating leased devices as an operating lease?

    Posted: 01 Apr 2019 02:16 PM PDT

    T-Mobile treats their wireless devices as operating leases, but I don't understand how when the economic life of these devices are typically shorter than the lease term.

    T-Mobile, per 2018 10-K:

    Leased wireless devices are depreciated to their estimated residual value over the period expected to provide utility to us, which is generally shorter than the lease term and considers expected losses.

    ASC 842-10-25-2(c):

    A lessee lessor shall classify a lease as a finance sales-type lease . . . when the lease meets any of the following criteria at lease commencement:...c. The lease term is for the major part of the remaining economic life of the underlying asset.

    ​

    It appears clear to me that their wireless devices would fall under a sales-type lease. Is there a reason these would be out of scope from ASC 842? Is there a practical expedient that allows for an election around classifying these devices as a sales-type lease?

    ​

    EDIT: Per my comment below, the classification criteria discussed here is the same for the lessor and lessee. I replaced lessee with lessor and finance lease with sales-type lease in my reference above, as we are identifying the accounting treatment for the lessor.

    Per PwC guidance:

    If any of the five criteria in ASC 842-10-25-2 are met, a lessee should classify the lease as a finance lease and the lessor would classify the lease as a sales-type lease. If none of the criteria are met, a lessor would classify a lease as a direct financing lease if the criteria in ASC 842-10-ASC 842-10-25-3 are met. All other leases should be classified as an operating lease by both the lessee and lessor.

    ​

    submitted by /u/numbersspeak
    [link] [comments]

    Going to start as an audit associate for a big 4 in the fall. I’m supposed to rank my top 3 industries that I would like to try. What are some pros & cons from this list? Any recommendations?

    Posted: 01 Apr 2019 12:53 PM PDT

    About to receive a job offer, non public accounting. If I was to be drug tested when would that happen?

    Posted: 01 Apr 2019 07:02 PM PDT

    Quit smoking weed a little over a week ago. I am curious how a drug test would go if a company does test. Is it usually on your start date, when you agree to the offer, or somewhere in between? Nervous that if I get tested upon accepting the offer I would fail, pretty definitely would. This whole thing went much quicker than I thought. They told me to expect 3 to 4 weeks in between my first interview and second round. That's what I was told but I had my second and final round interview within the past 7 business days. Kinda terrified and feel like an absolute idiot for not quitting sooner.

    submitted by /u/NewPhoneNew_Name
    [link] [comments]

    I have no idea what most of you are taking about.

    Posted: 01 Apr 2019 09:11 PM PDT

    Literally no clue. I've passed my CPA and been working for a little over a year now in tax, but while I browse through this sub, most of the time y'all use so much jargon and acronyms it's like reading about A russian space program. When I first subbed here while I was studying for my CPA I assumed once I got my license I'd be able to crack this code but nope. I've got the basics like PBC and SALY but for the most part it's all still gibberish.

    Is anyone else in the same boat?

    submitted by /u/Obi-Ron-Swanson
    [link] [comments]

    At a loss in my career

    Posted: 01 Apr 2019 08:38 PM PDT

    Let me try to be short about this, this is not a rant, sorry if it looks like it.

    I'm currently working at one of the B4, 2 years and 2 months in, semi senior (probably one more year till I'm promoted) working at Taxes (BPO) and I've been really doubting about my future right now.

    Ever since August and because of my schedule (I'm finishing college) I'm only able to work part time most of the time (130 hours tho???????), that caused my work to be 100% tax based. I haven't touched a single trial balance nor journal entry for 7 fucking months. I'm literally going insane and really starting to hate my job (my partner is also annoying as shit), it doesn't help that taxes in my country are the biggest pain I've had, we have a lot of taxes to do (weekly) and I currently have SIX companies on my name with only ONE other person working with me on 2 of those.

    I'm going to quit next week to finish my career and honestly get a break. I'm from Venezuela and the situation is certainly the worst.

    Not gonna say I hate accounting since I have my fun sometimes, and before this whole taxes debacle I was actually okay with it and had no problem most of the time, so I don't want to switch careers, just want some guidance or opinions on what I could do in the future.

    My question is, what can I do with 2.2 years of experience in the BPO department? In my country being bilingual is a HUGE plus, but other than that I feel kinda trapped and scared and honestly don't know exactly what I could do.

    Please note that things here are really different to the developed world, so I may not be able to understand some stuff, if possible, please try to eli5 some things you may feel are complicated.

    Thanks

    submitted by /u/reyxe
    [link] [comments]

    What to say when leaving B4 audit for mid size firm (before cpa experience is finished)?

    Posted: 01 Apr 2019 06:20 PM PDT

    Title pretty much says it. I know I'm probably disposable and that they'll forget about me fast anyways, but what's the best way to phrase why I've decided to leave B4 audit for a mid sized firm? I want exposure to more smaller clients but I don't love the way the private services group is managed at my current gig so I'd rather go somewhere that has more of a focus on small clients, and potentially have room to work on Tax and NTR as well. Mainly I experienced a toxic work culture and had some really bad experiences at the firm... but there's other factors too so just looking how to word why I'm leaving somewhat positively when I resign / when people ask.

    submitted by /u/Coolbeanery
    [link] [comments]

    Just got an offer

    Posted: 01 Apr 2019 05:30 AM PDT

    I just got an offer for the Deloitte UK bright start program. I'm really hoping this isn't some cruel April fools joke. Any tips for a new starter?

    submitted by /u/Panort
    [link] [comments]

    [CAN] Quitting high paying job to study for CFE. This is my Final Attempt.

    Posted: 01 Apr 2019 03:18 PM PDT

    Hello fellow Accountants!

    ​

    So this will be my final attempt for the CPA CFE Exam this September and I am planning to quit an amazing job that I very recently joined to study for it.

    ​

    The Job: I am getting paid really really well and the company has some of the best benefits and perks any company can offer. My boss is an amazing person who encourages me to give my best no matter what. My team is absolutely amazing and I love each one of them. Thankfully, I am living at home so my parents can support me.

    ​

    CFE: I failed the previous 2 times and my boss wants me to give it one last time and get over with it. So this is my final attempt after which I will have to bid adieu to CPA as I am not planning to go through the whole process again ( Incase I fail). I have already signed up for courses and a mentor for this CFE so that is taken care of.

    My boss mentioned to me several times that there may be no growth in if I don't have my CPA Designation.

    I am planning to quit this month to study for the CPA and will start looking for jobs after September.

    ​

    My questions:

    - What do you think of this idea?

    - Would a break in my career reduce my future opportunities?

    ​

    I cant think of any other questions, But I would love you inputs as I am really stressed. I really want my Designation but the fact that if I fail even after I quit is stressing me.

    ​

    Thanks a lot!

    ​

    ​

    submitted by /u/braindeadcpa
    [link] [comments]

    I'm not sure Accounting is for me.

    Posted: 01 Apr 2019 05:47 PM PDT

    Graduated last summer. Got a entry level staff accounting job in industry for a relatively large company and have been there for the last 5 months. I just don't think I can hack it. I have no clue what I'm doing. I barely remember anything from school, and at this point I'm stressed out of my mind.

    ​

    My training consists of a coworker quickly showing me the process for something and not allowing me adequate time to take notes or really understand what I'm doing, then the next month end when it comes up again, the coworkers expects me to understand the processes that they quickly showed me the month prior. "Oh, you didn't do x? You were supposed to do that last week as part of x... " and then they look at me like I'm a fool for not understanding this shit. Or nonchalantly asking me to do something they only told me about in passing, and then acting like I am greatly inconveniencing them for asking them how to actually do it. I don't have photographic memory.

    I understand some of my daily responsibilities now since I am constantly exposed to them throughout the month, but with most of the month end stuff I feel pretty clueless.

    At this job it always seems like everything is a damn emergency all of the time, and I am constantly on edge and feeling stressed.

    I don't understand the actual accounting flow of what I'm doing, I'm just memorizing clicks in SAP and templates in excel. I am pretty compartmentalized, but they expect me to understand the flow. I actually think I might actually understand less about accounting now than I did when i was in school.

    I have all this shit being thrown at me, and I don't think I can handle it. On top of it, I feel like I am starting to have heart problems even though I'm 25, don't smoke, am not overweight and otherwise healthy. With each heart palpitation if feels like it's going to be lights out, and at work part of me just thinks I don't give a shit if I have a heart attack right here and now and die on the spot.

    ​

    I don't know if it's just this particular office environment, or if it's accounting itself, but I don't know what I'm doing, I don't feel that I connect well with my coworkers, and I don't know how long I can hang around. Part of me just thinks fuck it and go into the trades or something. I just don't know anymore.

    ​

    submitted by /u/ThisHappenedBro
    [link] [comments]

    Leaving Big 4/Career Advice

    Posted: 01 Apr 2019 07:31 PM PDT

    Hi all,

    I am an Audit Senior 1 at a Big 4 accounting firm. At this point in my career I have completed 4 public busy seasons and 6 private busy season jobs. This year alone I worked on a 9/30 fortune 500 public year end, two 4 week IFRS international component team year end audits, and I am currently wrapping up a large (10 billion revenue) not for profit company year end audit. Basically as a Senior I have been in non stop busy season working anywhere from 50-80 hours a week since October with some time off in December.

    Performance and Education:

    Overall I have received average to above average performance reviews. I am not a high performer but not a low performer. Of my remaining peers in my start class I would consider myself average. In the office I am known for having a positive attitude and a hard work ethic. I have an Accounting degree, a minor in Finance and I don't have a my CPA. I have came close to passing my exams scoring, AUD 72 (last year with no studying), BEC 71 (last year no studying), FAR 68 (before starting work with half effort studying) and REG 69 (took as a staff 1 under old exam with half effort studying). I feel like I could pass the CPA exam's if I put forth the effort.

    ​

    The point of my post is:

    1. I want out of big 4 and probably accounting. This year (2019) I have spent 40 nights in hotel with no end in sight. I also have recently been added to a public fortune 500 6/30 year end. I agreed to the job as it is in town and the manager i respect the most in the office personally requested to have me on the job. Regardless it would be hard to say no.
    2. I have a hard time seeing myself in a senior accounting role. From the companies I have audited the people in these positions seem as miserable as most auditors with just less hours. Preparing control documentation, account reconciliations, dealing with auditors, ect, seems just as bad as being an auditor.
    3. I am very open to a career switch out of accounting. I am not worried about money (40-50k would be perfectly acceptable). I just want to feel somewhat happy about what i am doing and don't want to feel constantly stressed (I find myself waking up from work stress constantly).
    4. I feel like my health and personal relationships have suffered because of this job. I eat healthy and find time to work out at most 3 times a week. However I am tired of not being able to cook for myself working 12-16 hour days with no energy to workout.
    5. Going back to school is a possibility but a last resort. I personally don't think the ROI would be worth it and would probably have to take on some debt to finance it.

    ​

    Given everything i have said above, how would you go about a job search/career change? Obviously my resume will be accounting/auditing heavy but am looking for advice to transition from the field. I am not 100% excluding accounting jobs during my search but ideally I would find something outside of the field. Further, given my background and experience does any have any job suggestions in the accounting/finance fields I may like better?

    ​

    Thanks in advance.

    ​

    ​

    submitted by /u/walkingtall15
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment