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    Accounting Teach me Sensei

    April 26, 2019

    Accounting Teach me Sensei

    Teach me Sensei

    Posted: 26 Apr 2019 06:16 PM PDT

    Congratulations to all incoming grads

    Posted: 26 Apr 2019 06:17 AM PDT

    me trying to hold out in public for the exit opportunities

    Posted: 26 Apr 2019 09:28 AM PDT

    At least I realized before REG

    Posted: 26 Apr 2019 02:26 PM PDT

    Summary of my first interview with a B4

    Posted: 26 Apr 2019 11:31 AM PDT

    Not even the Joker will take on the IRS:

    Posted: 26 Apr 2019 04:52 PM PDT

    Summary of my excel class yesterday

    Posted: 26 Apr 2019 07:36 AM PDT

    I just threw away an interview with PWC

    Posted: 26 Apr 2019 02:55 PM PDT

    I'm surprised they wanted an interview, I applied 3 weeks ago and got an email for a Google Hangouts interview.

    I studied, learned more in depth about the department I was applying for, etc.

    Google Hangouts just fucking bombs on my computer, I followed their instructions and my computer just doesn't allow the whole thing to happen (checked preferences, plug-ins etc and nothing). After 10 minutes dealing with this I e-mail them, pretty much telling them what's happening but with absolutely no hope of them continuing the interview, of course. Because I know this type of shit is unacceptable.

    ​

    I fucked up and I'm so upset.

    Some advice would be great.. =/

    submitted by /u/MyMeanBunny
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    I showed you my source, please reply, this project is due soon

    Posted: 26 Apr 2019 07:15 PM PDT

    I guess PwC de-merged and Arthur Anderson is back

    Posted: 26 Apr 2019 09:25 AM PDT

    IRS Revenue Agent Mass Hiring Status Update

    Posted: 26 Apr 2019 11:08 AM PDT

    Just wanted to get the ball rolling in here in case any of y'all had also applied/interviewed for the Revenue Agent positions that went up last October. Today my USAJOBS status updated from "reviewed" to "referred to selecting official" and I got an email indicating I was "Best Qualified." What is unclear is whether this reflects the recent interview (mine was April 9) or if it's just a lagged update that should have gone out before the interviews were scheduled.

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    Anybody else hear back?

    submitted by /u/RA_applicant
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    thank you everyone

    Posted: 26 Apr 2019 03:02 PM PDT

    After roughly 2 years of applying during undergrad to now, I have finally made it into audit in public accounting. I received an offer today with a large regional firm and I will be working in one of their offices outside of said region. Overall, I am pretty excited because I have applied for this firm before in the past due to feeling I would be a good fit for their company/culture/values and the interview cemented it.

    ​

    Taking and passing the CPA sections (i only have 3 passed so far) helped immensely at getting people's attention during the job hunt due to coming from an online university that is non-target. So my advice to everyone is if you have your 150 or can sit for the exams; the investment in taking the CPA sections is worth every penny; especially if you graduate without experience. It will be my first accounting role so I am pretty excited.

    ​

    Thank you everyone here from the public accounting recruitment guide to other threads I have made on other accounts for advice on how to approach landing a job in public accounting. Thank you all, it helped a ton.

    submitted by /u/AccountWhoGotIn
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    Recent grad dreading starting at the big 4.. advice?

    Posted: 26 Apr 2019 02:34 PM PDT

    Disclaimer- I know I'm lucky to have a job right out of college.. I know I probably sound like an entitled millennial.. still would appreciate some advice anyways.

    So I start in tax with the big 4 in July, graduated in December, been studying using Becker that the firm paid for.

    I really really don't want to start work. I haven't gotten a decent amount of sleep for months, I'm so anxious about the long hours, not being about to handle the work, etc. my dad works as an insurance analyst and works 12hr days, it hurts to see how much it has affected him. He says he's suicidal, he's depressed, he can't take the stress anymore.. he comes home and goes straight to bed. I'm terrified I'll end up like him in a few months because I also struggle with depression and anxiety.. and I know the big 4 is worse than what he deals with..

    I only accepted the offer after my internship because of the 'prestige' associated with the position, and I figured it would be the easiest way to get my CPA license. In my state, I only need a year, so I figured do a year and get out. All I want is good work life balance. I find accounting interesting, I've honestly enjoyed studying for the cpa.. makes me feel accomplished. But the more I read on this sub, I just don't think I'll be able to even handle a year at big 4. I've read so many posts from burnt out first years that I feel like I could have written despite only having interned.. I've been constantly checking usajobs and my state's career site, and there's so many positions that look interesting, not to mention 40hour weeks and pretty sweet benefits.. also, I'm already qualified because I have my bachelors.. I don't even think I want to go into industry, when it seems the best work life balance is in government.

    Am I being ridiculous/ is it really that big of a deal to have big 4 on my resume? should I apply to some state positions just for the hell of it, and if I get one, pay the firm back for Becker and take the job? I just want to feel excited about my future, about moving to a new city, and I really really don't right now.

    submitted by /u/acctthrowaway711
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    Spouse: Tax Fire? Me: Tax Free?

    Posted: 26 Apr 2019 06:10 AM PDT

    Disney FP&A vs. Big 4 Audit

    Posted: 26 Apr 2019 11:03 AM PDT

    • Finishing up a Disney Professional Internship in Finance in Orlando, FL and I was extended a full-time offer. I have no interest in living in Cali, so there is no need to bring up Cali.

    • I previously did a Big 4 audit internship last year and accepted the full time-offer. (I didn't foresee that I would get an internship at Disney, plus Big 4 only gave me 2 weeks to make a decision).

    • I've already activated Becker provided by the firm. I'd have to pay that back (~$4K retail) if I were to go with Disney, huh?

    If you were in my shoes how would you make this decision?

    submitted by /u/whoamiCPA
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    Audit Industries by City

    Posted: 26 Apr 2019 03:35 PM PDT

    Awhile ago, probably at least 2 years, I came across a thread where people were saying what industries were the main clients of various cities. I searched through r/Accounting but didn't come across it. So I was hoping you guys/gals in audit would chime in. I'm from Pennsylvania and I recall Philadephia being mostly Insurance/Healthcare for instance, but was specifically wondering about some of the other cities like Harrisburg/Pittsburgh, and generally across the country.

    I have a few years experience in some industry roles/decent GPA, and as I get closer to finishing the exams I wanted to at least apply to Big 4 and see what happens.

    submitted by /u/um_ognob
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    Which Internship Should I Take?

    Posted: 26 Apr 2019 06:50 PM PDT

    I have two internship opportunities one is a small accounting firm (10-20 employees) and the other is a well-known financial company (15,000 employees) for the financial company the internship is less accounting based more financial and analytical. Which one should I take? I'm a second year college student by the way.

    submitted by /u/Michaelkhed
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    Is accounting enjoyable?

    Posted: 26 Apr 2019 09:30 PM PDT

    So right now I'm doing a course at college for AAT accounting and business and company law. Im finding it quite easy but I keep failing to see an end goal besides sitting behind a desk just typing away all day. This does not sound appealing to me. I understand that auditing may be more for me as you can travel around but at the end of the day you still just doing as I said (sitting behind a desk).

    Please can someone set my mind straight... What do you do on a day to day basis? When you get bored how do you cope? And am I just being like the rest of the world who thinks this a boring job when it really isn't? Enlighten me please

    submitted by /u/mum-gay-mitch
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    Just a quick question, could accounting be outsourced/ replaced by automation

    Posted: 26 Apr 2019 05:34 PM PDT

    I plan to pursue it as a major in the fall and I'm scared I chose wrong

    submitted by /u/cmore1061
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    Question about independence on the job

    Posted: 26 Apr 2019 01:43 PM PDT

    I recently got my start date for a B4 firm. I'm genuinely confused with the grey areas surrounding auditor independence/what can and can't be said to family or friends.

    If I have a friend from college who happens to work at the company I'm auditing, is it ok for me to grab lunch with them during the work week? Can we go to happy hour together? Can I have a weekend bbq and invite them? Is it ok to become friends with someone who happens to work for the client in an unfinancial related department and hang out with them?

    If I'm talking with family over thanksgiving and they ask me how work is going, can I disclose the name of the company I'm auditing? Obviously disclosing financial information wouldn't be ok, but can I tell people what accounts I'm on?

    These are a couple of the scenarios that have been on my mind. I'm open to hearing other grey areas on these topics

    submitted by /u/gentlesir123
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    What is the approx cost of getting prepared and taking the cpa exam?

    Posted: 26 Apr 2019 11:07 AM PDT

    Some accounting questions pertaining to yearly revenue/profits

    Posted: 26 Apr 2019 08:00 PM PDT

    Hello,

    I have a side gig selling concert tickets online. 2018 was the first year I started. I have a few accounting and tax questions regarding which year certain numbers apply to.

    ​

    1. If I am figuring out my profits for 2018, do I only calculate tickets that have sold in 2018? If a ticket is still an inventory and did not sell in 2018, does this no longer apply to 2018 numbers?
    2. How does it work when an item was purchased in 2017 but sold in 2018? Does the cost of the item get moved to 2018 for accounting purposes?
    3. What happens if I buy tickets in 2018 and the concert date is in February 2019 and these tickets did not sell. Do I count this as a loss for 2018 or 2019?

    Thanks!

    submitted by /u/sbayz92
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    I’d probably laugh tbh

    Posted: 26 Apr 2019 02:02 PM PDT

    Failed the IRS interview

    Posted: 26 Apr 2019 10:53 AM PDT

    Not suprised. My answers were pretty off the cuff. But there were a couple real softball basic accounting questions. Anyone else hear back? How did you approach?

    submitted by /u/realitytimes
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