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    Friday, April 5, 2019

    Accounting When you finally roll off a pain-in-the-ass audit engagement.

    Accounting When you finally roll off a pain-in-the-ass audit engagement.


    When you finally roll off a pain-in-the-ass audit engagement.

    Posted: 05 Apr 2019 02:43 PM PDT

    One more week y'all!!!

    Posted: 05 Apr 2019 04:12 PM PDT

    But then the partner comes to ruin the day

    Posted: 05 Apr 2019 02:39 AM PDT

    Looks like two of us matched!

    Posted: 05 Apr 2019 06:40 PM PDT

    Trying to sleep at the end of busy season

    Posted: 05 Apr 2019 03:58 AM PDT

    Accountant buys $6-million in Apple iPhones and iPads on company credit cards and nobody notices for five years

    Posted: 05 Apr 2019 09:25 AM PDT

    Pretty accurate representation of r/Accounting

    Posted: 05 Apr 2019 07:15 PM PDT

    Stay strong everyone

    Posted: 05 Apr 2019 12:41 PM PDT

    I am surrounded by a million tax returns that have to get out in 10 days or so. I have clients finally remembering that they need to send me their stuff, and other clients who just remembered that they are leaving for Europe on Sunday so they need their stuff now.

    Then out of the blue I now have a mortgage broker who wants us to send her support for a 2017 return (which we didn't prepare) and the 2018 return (which is extended).

    Stay strong everyone, we are almost at the finish line.

    submitted by /u/Thegreatsnook
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    Just accepted the offer

    Posted: 05 Apr 2019 09:11 AM PDT

    Goodbye to my tax bros and babes and hello to my audit hunks and hunnies! Let's get weird 😎

    submitted by /u/mynameismatt1010
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    Season ends: what to do if you get laid off

    Posted: 05 Apr 2019 05:01 PM PDT

    First thing's first: take a deep breath. In fact, I'd crack open a beer or a bottle of wine and take the day to get your head right.

    Tomorrow: Reach out to your friends from school, other people in your network, and a recruiter on LinkedIn and hit the ground running.

    See, black tar heroin is not always the solution to the problems.

    submitted by /u/FrugalKrugman
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    Ok, i actually need to work now

    Posted: 05 Apr 2019 09:44 AM PDT

    Blindsided by my job today

    Posted: 05 Apr 2019 03:18 PM PDT

    Sorry for the long post in advance.

    I recently graduated with my MBA back in December & I started my very first accounting job 3 weeks ago after job searching for 8 months.

    I was called into the managing partner's office this afternoon and was blindsided and was told it wasn't working out and I was being let go. I was told the work I was doing wasn't cutting it.

    Since it was my first job, I constantly asked questions, making sure what I was doing was correct and told the supervisor on the audit to let me know if there was a mistake, so I could go back and fix it.

    I was given no prior warning beforehand. I mean, I knew I had been making a few mistakes here and there, but the company knew that this was to be my first accounting job and that I required some sort of training. This job was mainly audits (my only prior experience was a 3 month tax internship & light bookkeeping at my previous job; light meaning I just organized the checks and sent it to the CPA firm that handled everything, I mostly sold insurance beforehand)

    But I still wasn't pulled aside and told how to limit any mistakes for the future. I was given little on the job training regarding the audits I would be sent out on. I was just explained how to do the current test I was to once and I tried to do it the best I could.

    The only thing I could think of that happened that caused this was I took a day longer on an audit job this past week doing a Bank Rec test for 3 separate months and 12 different bank accounts. I had to keep going back into it to correct minor things.

    My question is to see if it was normal for a person to be fired a few weeks into their first job, with no warning, for mistakes that could have been avoided, if given proper training?

    submitted by /u/halfback26
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    If Big 4 firms are pretty much like a "college", does it offer higher quality of training than mid-tier firms?

    Posted: 05 Apr 2019 05:05 PM PDT

    No doubt, Big 4 firms are one of the most sought after by Accounting students because of the prestige and the brand recognition that goes hand in hand.

    However, besides the brand recognition, do Big 4 firms offer higher quality training that is more translatable to industry accounting positions?

    Do most people that exit a Big 4 after 1-2 years feel more prepared for industry than their mid-tier counterpart?

    submitted by /u/Articulateman
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    10 years experience for $20-30/hr... lmfao

    Posted: 05 Apr 2019 04:48 PM PDT

    B4: does it matter which service line you're in?

    Posted: 05 Apr 2019 07:07 PM PDT

    Im in financial services because I thought staying in this line would help me get better exit opporutnities, but lately ive been wanting to switch to just private clients and was wondering if that would affect my exit opportunities. Please note i dont start til next year.

    submitted by /u/Bzszn
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    Kpmg Bay Area market adjustment?

    Posted: 05 Apr 2019 03:02 PM PDT

    Senior associate went from 93-98k base. On one hand I only expected like a 1k bump but got 5k which is pretty decent I guess. On the other hand I'm still butthurt because i feel like the base market salary at a local tech company is still more than that plus RSUs and less bullshit hours. Plus I feel like I shouldn't have needed an "adjustment" and should have been getting more from then beginning. I'll take it but this still doesn't change my mind.

    Anyone else feel the same or should I feel lucky and grateful for such an opportunity?

    submitted by /u/Bayaccountantdork
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    Professor shared a interesting phrase

    Posted: 05 Apr 2019 12:11 PM PDT

    "Creative accounting lands you in jail, creating problem solving lands you a job"

    submitted by /u/AxeLegacy
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    Should I go for a master's degree immediately?

    Posted: 05 Apr 2019 11:59 AM PDT

    Hey-yo!

    So, my parents urge me to get a masters (MAcc) degree right after my bachelors, essentially spend 5 years in college + university rather than 4. They say I'll be more employable and acquire more cash. Another incentive would be the fact that the state of Tennessee requires 150 credit hours for you to be able to take your CPA exam I believe.

    However, don't some employers pay for you to go get your masters? My parents want me to get a masters so I don't muck up the opportunity and time I have to get one like my brother - who is also an accountant - did.

    Thank you!

    submitted by /u/SirTrus
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    How to get quickbooks experience outside of a professional setting?

    Posted: 05 Apr 2019 09:30 PM PDT

    Hello! New to sub. I'm an aspiring accountant currently working 40 hours a week and taking classes part time. My call center job is slowly eroding my soul. I've been looking at trying to get a foot in the door for accounting positions since I'm about to graduate with my associate's in general business and will be transferring to a university for an accounting degree starting this summer.

    Does anyone have any advice as to what positions I should look for? So far my only "experience" in accounting is the introductory financial and managerial accounting courses i took during my associate's curriculum. Even the entry level positions I find require 1 or 2 years' experience using quickbooks or other software, and I'm just not sure how strict this is or how I can get that experience to begin with?

    General tips or advice for an accountant-to-be are also welcome!

    submitted by /u/songstar13
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    Would it be weird to add my interviewers on linkedin?

    Posted: 05 Apr 2019 01:06 PM PDT

    I interviewed at a big 4 for slp and made it to the final round but didn't get the offer. I really like the team and the managers I interacted with so I plan on re-applying in the fall. They also like me and I want to keep in touch with them before fall recruiting, so would it be weird to add these people on linkedin? I also want to add the partner but not sure if it is appropriate.

    submitted by /u/throwawayagain194
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    pleathe help me breathe

    Posted: 05 Apr 2019 04:43 PM PDT

    Hey everyone kinda new here, I'm an undergrad in community college (19 yrs old) and am getting an associate's in accounting in order to work and save money to move out and further my career. I just want to know more about the world i'm stepping in. Has anyone here gone this route? if so, can you tell me about your first job and what the setting/environment was like? how were the hours? were they flexible? How was the pay? Thank y'all so much and your feedback is much appreciated. :)

    submitted by /u/homosappie
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    How do I find the dividend allocation ratio?

    Posted: 05 Apr 2019 07:50 PM PDT

    Im working on allocating dividends between shareholders, non cumulative but I don't know how to find the rate to determine how much everyone gets.

    submitted by /u/methodtomysaddness
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    What can I do with my major?

    Posted: 05 Apr 2019 10:50 AM PDT

    This is embarrassing but I feel like I stumbled into an accounting degree from a business minor and I have no idea what the degree is good for.

    I know basic audit and tax services for individuals, small businesses, and large ones. But I was constantly told the degree can lead to different avenues.

    Will anyone offer some prospective of how you went a non-traditional route after college?

    submitted by /u/fuckmanY
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