Accounting Looking over at the intern one hour after assigning them a basic task… |
- Looking over at the intern one hour after assigning them a basic task…
- "Oh you worked 70 hours last week? Well I worked 80"
- S/O to everyone at the TRLS conference
- The hardest pill to swallow about working a full time corporate job is that I'll have to wear long pants, as opposed to shorts, every single day at work
- [PSA] New staff, get your CPA and get out of public
- Anyone on here turn down big four internship offer and go to a local/regional public accounting firm? If so, why?
- What are some symbols of success for accounting?
- Non-accountants' attitude towards the balance sheet
- When the intern is asked to do a simple task. I’m an intern
- Should I major in accounting and make a career out of it?
- Faked it till now, now what?
- Studying for FAR
- When I'm on hold with the department of revenue for an hour
- Want to go into accounting with a AAS (NY) what is the best i can hope for with an associates?
- What should I put in my annual reviews?
- Public Accounting: Why Stay?
- FDD lowkey sucks almost as bad as audit
- Tips on interview for an unideal candidate?
- Is the IT material in BEC Becker just a throwaway section? How should I prep for IT questions in BEC?
- Help with journal entries for closing a business checking account with outstanding checks
- What does your month/year-end look like?
- Where Should I Put SLPs on Resume?
| Looking over at the intern one hour after assigning them a basic task… Posted: 30 May 2019 09:49 AM PDT
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| "Oh you worked 70 hours last week? Well I worked 80" Posted: 30 May 2019 12:32 PM PDT
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| S/O to everyone at the TRLS conference Posted: 30 May 2019 12:24 PM PDT
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| Posted: 30 May 2019 04:00 PM PDT | ||
| [PSA] New staff, get your CPA and get out of public Posted: 30 May 2019 12:06 PM PDT This post is just about my experience, it may not be universal to everyone in public. I graduated a year ago with a great GPA and accepted a position as a staff auditor for $50k at a regional firm. They treated the staff like shit. They made them feel like shit, they overworked them, they wouldn't let them study for the CPA, they burned them up and they spat them out. The people who had been there for a few years had the shitty "I suffered and so I need to make you suffer" hazing mentality that you get in all emotionally abusive and toxic environments. The turnover was so high that the seniors were often staff who had been told to work as acting seniors because they'd been there 18 months which was longer than anyone else but the managers. Obviously I asked for more money and a title when they told me that they wanted me to step up and act as a senior after a year because the new staff they'd hired hadn't ever worked a busy season, but I didn't get it. Naturally I asked for more money when the CPA made me more marketable, but they disagreed. And when all the seniors all quit in the same month I again asked for more money because they needed me to clean up the mess they caused by treating their seniors like shit. Obviously I was informed that this was a learning opportunity and a chance for me to be a team player. I kept my head down, I took their study materials, I took the networking, I took the CPA, I took the bonus, and I got the fuck out. I went from $50k for a 60 hour week to $80k for a 40 hour week with just one year of public experience. If you are a student who plans to go into public you need to go in understanding that the firm is the enemy. You need to understand that public is probably the worst thing that will happen to you in your career and that your mission is to use the firm harder than they use you. Their plan is to extract as much value as possible from you before you leave or have a mental health crisis, yours needs to be to get licensed, get experienced, demonstrate value to as many people in hiring positions as you can, and then get out. The best thing about public accounting is getting out of public accounting. Every day you're not working towards your exit opportunities is a day that you're holding yourself back. There's no rule that you have to make senior or you have to put in X years, I did a four month internship and twelve months as staff before I took my exit, it is up to you what you make of it. You will learn a lot, you will meet people who can help you get into private, you will get the ability to get licensed. Your real job is working for you, increasing your value so that you can outgrow public accounting as quickly as possible. [link] [comments]  | ||
| Posted: 30 May 2019 07:34 PM PDT | ||
| What are some symbols of success for accounting? Posted: 30 May 2019 08:16 PM PDT Hello! I'm a college student, Accounting major obvs. I'm currently taking a Career Exploration course, and it discusses symbols of success:
What item can symbolize as success for accountants? [link] [comments]  | ||
| Non-accountants' attitude towards the balance sheet Posted: 30 May 2019 05:01 PM PDT There is one thing that puzzles me as an accounting student: it seems that many users of financial statements whose accounting knowledge may well be limited, seem to neglect or at least downplay the information found on the balance sheet. And yet, I feel that the balance sheet is important enough to warrant some attention. Do you have any idea why the balance sheet seems to be more neglected by the public than it should be? (And I don't want to get started on the statement of changes in equity or the statement of cash flows) [link] [comments]  | ||
| When the intern is asked to do a simple task. I’m an intern Posted: 30 May 2019 07:18 AM PDT
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| Should I major in accounting and make a career out of it? Posted: 30 May 2019 07:33 PM PDT Alright, so here's the deal. I'm a sophomore in college (although my finals are in two weeks, so I'm pretty much done) thinking about majoring in accounting. As of now, I'm "undecided" on my major, officially. Why accounting? I've been researching and it seems like a stable, well-paying job straight outta college with just a bachelors. I am still considering it because of the money (I'm from the hood but I sure as hell don't want to stay in it), because I have the impression that accounting is relatively chill (meaning that it's not something as intense as engineering and with a lot of options for employment), and because it would provide me with the financial security of a steady job from which I can do other things if I want to. Honestly I'm more of an English and writing guy, or psychology/social science, but I'm well aware it's hard getting a good-paying job with a BA in those fields. Fuck, getting a job at all with those BAs is hard I've heard. On the plus side, accounting seems fairly interesting. I've read that software has taken most of the number-crunching out of accounting, leaving accountants themselves to take more of an advisor role, which I might actually love. I like being in the thick of things and seeing action. I might find that I like accounting and stay in it for a while, but I'd likely get a degree in something else or just do something else with my life. What do you guys think? Let me know of any comments, suggestions, advice, or experiences you guys have, especially if you were/are in my shoes. Thx. [link] [comments]  | ||
| Posted: 30 May 2019 09:11 AM PDT TL;DR Firm (potential intern) wants me to take Excel test (timed) to see if I'm proficient. I'm not (and told them I'm not), but I currently have no internships before this opportunity Welp, time to eat my own shit. I'm a student going into my last year and now I'm potentially getting an internship. Only thing is..... They want me to take an Excel test and typing test (typing is no biggie) I'm not big on Excel (although I know it's what accountants should know the ins and outs of) and made the mistake (lol) of adding proficient on My resume. I've talked to them on the phone and said i only know basic uses of excel and they still want me to take the test ASAP.... Any tips, videos, etc.,To have a little clue of what i absolutely should know Edit: They want me to come take it Monday. [link] [comments]  | ||
| Posted: 30 May 2019 08:41 PM PDT So I am studying for my first exam (using Roger) and need some advice. I have been taking notes throughout the lectures, but whenever I get to the MCQs, I get totally lost. A lot of the advice I have found says to get through as many MCQs as possible. However, I have failed to effectively learn the material via that method. For instance, I have spend the last week just trying to understand bonds, but I get completely lost trying to figure out how to solve the problems. I have been studying for 2-3 hours a day plus extra on the weekend. I have considered bolstering my study material with the NINJA package, but I'm not sure if simply buying more material is wise. I am at a crossroads and need to make a decision soon. I can't just keep spinning my wheels, but I also can't move forward if I will inevitably not understand whatever is in the next chapters. Any advice would be appreciated. [link] [comments]  | ||
| When I'm on hold with the department of revenue for an hour Posted: 30 May 2019 08:14 AM PDT
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| Want to go into accounting with a AAS (NY) what is the best i can hope for with an associates? Posted: 30 May 2019 10:40 PM PDT I have a 4 year degree in hotel administration from another country (hotel administration) and immigrated to NY a few years ago, after realizing im an introvert (and i hate people in general) and taking countless career assessment tests; i decided to try to get an associates in accounting. I also have web development as an option, but since accounting is more closely related to my degree i have accounting as first option. My questions are: How far can o go with an AAS? Is it worth it for a career change? Anyone had a similar experience? Im a 30 y/o male, unmarried, no children. Working full time as a front desk. Edit: more info [link] [comments]  | ||
| What should I put in my annual reviews? Posted: 30 May 2019 10:40 PM PDT | ||
| Posted: 30 May 2019 10:38 AM PDT Junior in college and I always hear about how terrible public accounting (Big 4, regional, or small) is and that you should get out as quick as possible. Why is this always the case? To the people who have stayed in public why did you stay and what are the benefits of being in public? [link] [comments]  | ||
| FDD lowkey sucks almost as bad as audit Posted: 30 May 2019 06:12 PM PDT I mean sure the work is marginally more interesting but the hours are significantly worse in my experience. For those looking to get into FDD really understand what you are looking for in your next move and why you want to leave Audit/big 4. [link] [comments]  | ||
| Tips on interview for an unideal candidate? Posted: 30 May 2019 06:52 AM PDT Background: Just graduated with B.S in Accounting. Was in an Accounting club in school and held an officer position for 11 months. Currently working in "construction" as a laborer. Where's the bad side? GPA under a 2.5.( Yes left it off my resume) And I have no other relevant experience. All I did was make my resume and linked in profile look like I cared. This staff accountant interview is in industry (and is linked to construction somewhat). My game plan is to sound competent and sociable and if they ask about my GPA just own up to it, even though during my collegiate experience I was working 90% of the time full-time and went through a divorce. I'm just stressing and would appreciate insight from someone with a similar experience, but I'm open to all advice. [link] [comments]  | ||
| Posted: 30 May 2019 09:03 PM PDT I'm a bit confused on Studying for the IT section. Some of the material and questions seem like they're too easy for me to trust to be something I need to learn (I.e. TBS on passwords, MCQs about the internet). In your guy's experience with BEC what IT material was thrown at you guys and what should I focus on in that section? [link] [comments]  | ||
| Help with journal entries for closing a business checking account with outstanding checks Posted: 30 May 2019 04:15 PM PDT I am an accountant at a law firm located in WA State. We switched banks last year and would like close the old general ledger bank account. I am trying to figure out the correct journal entries to make. A complicating issue is that there are dated checks outstanding to vendors out of the old account. Some of these checks are from last year and we really do not want to hold this fee-incurring account open for two more years. Here is what I think should happen: Relevant info: In WA, the relevant unclaimed property abandonment rule is 3 years. Each of the outstanding checks is less than the $75 threshold for due diligence contact attempts. 1) Void the old checks: DR the old checking account / CR original expense accounts 2) Issue check from old checking account to the firm and record to original expense accounts to offset the check voids: DR original expense accounts / CR old checking account 3) Deposit check into new checking account and record to uncashed checks liability account If a check needs to be reissued cut new check from new checking account: When items reach the 3-yr abandonment period; issue check to WA unclaimed property. Does this make sense? Issues I'm not considering? Thanks in advance for any suggestions! [link] [comments]  | ||
| What does your month/year-end look like? Posted: 30 May 2019 07:36 PM PDT In terms of duration, intensity, and hours required how would you describe your close? As someone who's only worked in public and looking to make the jump to private I'm curious as to what is normal. [link] [comments]  | ||
| Where Should I Put SLPs on Resume? Posted: 30 May 2019 07:11 PM PDT Hi guys I was wondering where i should put the SLPs I've attended on my resume. Should I just change heading of Employment to Employment & Leadership Programs then list them there or put it under extracurricular. Or if you have any better ideas let me know [link] [comments]  |
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