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    Sunday, July 28, 2019

    Accounting That post-busy season kind of feeling

    Accounting That post-busy season kind of feeling


    That post-busy season kind of feeling

    Posted: 28 Jul 2019 05:53 AM PDT

    How to teach the common folk about taxes

    Posted: 28 Jul 2019 11:07 AM PDT

    Just grocery shopping before month-end

    Posted: 28 Jul 2019 10:05 AM PDT

    Internships: How Much Excel Do I Really Need to Know? PROFICENT... What Do They Really Mean?

    Posted: 28 Jul 2019 04:12 PM PDT

    On all the internships that are listed that I have recently been looking at, they want you to be proficient in Excel. How much do they really expect us to know though?

    There is so much to learn in Excel. I thought about getting a course in Udemy, but I don't want to spend an awful amount of time learning it if I don't need that much considering they are internships.

    I know by the time I graduate I should know it well, but was kind of hoping they would train you on the job so you get some real application

    What do you guys think an incoming intern should know as far as Excel goes?

    submitted by /u/Popderrt123
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    B4 Boomerang Ready to Leave Again

    Posted: 28 Jul 2019 02:16 PM PDT

    I worked for my B4 firm for over three years and then took a position with a regional firm. I ended up not liking the local firm, and I boomeranged back to my B4 after six months. It's been almost a year and a half, and I am considering leaving again. This time I am accepting a job in industry and leaving public accounting altogether. My boss and co-workers have been very good to me. The new place is willing to let me finish up the majority of my remaining work before leaving. Am I a total jerk for doing this?

    submitted by /u/SeaLadder9
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    [CAN] Asked for raise, given canned "no" response. Where's my next move?

    Posted: 28 Jul 2019 04:03 PM PDT

    Throwaway as I post on here and would be easily identified as my jurisdiction is small...

    I joined the company a year ago as a temp and turned permanent in January. I started as a Cost Accountant making $65k/year. Have 5 years experience and my CPA (CMA) for 2. I was previously unemployed after getting fucked over on a previous job so I had to take the first thing I could find...

    For the first 6 months, I was pretty well putting out fires every day with the Controller and we were short staffed big time. I was doing 75% of the job the Assistant Controller -- fixed assets, cost report prep/analysis, implementing controls, process improvement, providing advice and help to A/P clerks. Also the excel guru at the office. I was really more a Senior Accountant than a Cost Accountant.

    The A/P and Payroll Clerks were also on a temp to perm plan and I was on the payroll email list so I knew what they were making. We hired a financial analyst 6 months after joining -- he was getting paid $85k/year. Was a bit peeved seeing we had similar education, had 3 years more experience than I did at manager level in India and had no local experience, and had poor critical thinking skills. I am not gonna hate on the guy for negotiating something better so whatever. Later on, I found out some of the clerks were turning permanent, the payroll clerks were getting $55k/year...a whole $10k/year less than me and they had zero education and one girl had no payroll experience. I mean I can somewhat understand paying a guy $20k more than me for higher qualifications, but I am getting only $10k more than the clerks and I have a 4 year degree and CPA? Fuck that.

    Obviously I am getting hosed, but, I can't bring up my salary compared to my coworkers to my boss, so I have a sit-down with him 3 months ago and ask him to change my title to Senior Accountant, pending a performance review and that I want a comp review as well. He was on board with this -- sadly he got sick and is on LTD. On top of that, my company got bought out, so the plan to get it done a few months ago got scuttled because of it.

    I get wind that my job is safe and the new company is offering new contracts -- titles may change but comp wouldn't change. I figured now would be the time to ask for a review seeing I didn't want to sign something and turn around and ask right away or in 4 months...save the company some ink and a few trees lol. I sit down with my boss' boss and ask for a performance review, and comp review. He says I am doing great but can't change my comp as it's company policy to only do so at the end of fiscal year per COO and CFO -- except the CFO is gone and it's up in the air if the COO is staying. I wasn't exactly sold by his response on it because of it. On top of that, I will be taking on more duties as a result of the buyout, mainly cash flow/treasury stuff, on top of cost report/analysis, fixed assets, guiding clerks, etc.

    I've told myself that I will give the company until end of year and if nothing comes, then I will start hunting for jobs. I know I can get a Senior position for $75k + bonus, and cut my commute time in half without a little difficulty...may have to be patient to break the $85k/year barrier.

    Saying that, what is my next move? My end goal would be at a director level...aiming for Controller in 3-5 years. I know lateral moves can be frowned upon at that level on this sub.

    Tl/Dr:

    • Joined company a year ago as Cost Accountant

    • Find out I am underpaid compared to co-worker and market.

    • Have CPA (CMA). 5 years experience, 2 post designation.

    • Asked for raise, boss said can't do anything til year end.

    • Says I am doing well.

    • Can get $75k somewhere else with shorter commute time.

    • Where/what kind of position should I be looking if I want to get to Controller?

    submitted by /u/throwaway_4619
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    This is so true (at least in public)

    Posted: 28 Jul 2019 08:11 AM PDT

    Advice/ Things You Wish You Had Known

    Posted: 28 Jul 2019 02:04 PM PDT

    In two weeks, I start as an audit associate/staff for a Big 4 in a large city. Is there anything you wish you had known going into public accounting? Any tips/skills which make 1st years stand out in a positive way? Any annoying shit I should refrain from doing? Thanks, appreciate any responses.

    submitted by /u/Gian6969
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    Already feel like I'm failing

    Posted: 28 Jul 2019 07:42 AM PDT

    Hello! Just started at a big 4 tax. I'm about three weeks in, and I feel like I'm doing an awful job. Everything I do is wrong, my workpapers are wrong, and I need constant help all the time. I just feel like a mess. My team is so nice, but I can't help but feel like a failure. I just don't know what to do.

    submitted by /u/howyoudoingmate
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    accounting or engineering

    Posted: 28 Jul 2019 03:47 PM PDT

    Hey yall, looking for some feedback. I am going to be a college freshman in the fall. In high school, math was always the subject I succeeded the most in and geared towards engineering in junior and senior year. The problem is that I decided to go to a private liberal arts school (family legacy, liked the school,) but it doesn't offer a 4 year engineering program. I'm disappointed because engineering is what i want to do but obviously that's not an option where I'm at, therefore I was considering accounting due to the high prospects of pay and given it is a math-based career. I want to design and create things and couldn't imagine myself not being in a STEM career. My goal, (if I decide to do accounting) is to get a Federal government job. I also feel like I am missing out on engineering and don't know if I am making the right choice doing accounting. Can I do anything with my B.S. related to engineering or would you recommend one over the other due to personal preference or the job market and why?

    submitted by /u/WesternRoyal4
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    Phone calls on weekends

    Posted: 28 Jul 2019 10:25 AM PDT

    I've been a controller for five days and I'm starting to panic. Thinking maybe I made a mistake leaving the low paying but comfortable CPA firm I was at.

    The owner is kind of pushing it with me, I don't know if he takes what I do seriously. He interrupts me working on accounting things to ask me to do office tasks like pick up mail.

    The first time I leave the office to take a lunch break I got calls because a subcontractor was coming to pick up his check which was locked in my office.

    On Friday he asked me to bring a deposit to the bank for the payroll to draft and I dropped it off around 3pm and it didn't get processed therefore the bank balance was low which was my fault. Yesterday I had missed a phone call from him while I was at lunch with my family. I was informed that one of the things he expects is for me to answer my phone at all times. Maybe I'm being unrealistic but this is really not how I operate. My weekends are my time off and it's not this one phone call that's the issue, the issue is the expectation that I'm supposed to be reachable or that I SHOULD have answered right away.

    submitted by /u/Goodies90
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    When do you find out if you get an offer from a big 4 summer internship?

    Posted: 28 Jul 2019 09:42 PM PDT

    Received Mid Tier Internship, How Important is B4? Should I Try Next Year to Get Into B4?

    Posted: 28 Jul 2019 09:17 PM PDT

    I went through recruit for the first time this year and received an internship at one of the bigger mid tier accounting firms. I personally know people at the firm and I have a mentor at that firm. I think I fit in well socially based off the firm-only social event I attended this past month.

    Would I be "handicapping" myself if I stayed at a mid tier firm for exit opportunities or even if I chose to stay in public? Compared to trying to find a position at B4?

    submitted by /u/TacosRMeaningOfLife
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    Best way to diversify IT Auditor skill set, what masters to do?

    Posted: 28 Jul 2019 05:12 PM PDT

    I am starting in the B4 this fall as basically an IT Auditor/Consultant as part of the contract I'll get the following qualifications:

    Basic ACCA qualification

    CISA &/or CRISC

    Any Masters in IT field

    In terms of a career path I would like to make the most of these 3.5 years and gain as much qualifications / diverse skill set as possible. Ideally I would like to continue working in the IT field for bigger companies but also for industry firms as well. I have a management background from college so things like project management etc. also interest me.

    What masters should I pursue? Cyber security? And what other skill sets should I aim to achieve to go from IT Auditor to CIO haha

    submitted by /u/Bakguiii
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    Is this really what the Sims on the exam look like? Just started studying and I am constantly scrolling to see all the information

    Posted: 28 Jul 2019 01:12 PM PDT

    Homework Help - Managerial Accounting. How the heck do I find Ending Inventory?

    Posted: 28 Jul 2019 08:33 PM PDT

    Has anyone gotten a second bachelors degree in accounting? How hard were the classes for your bachelors in Accounting degree? what was your experience like?

    Posted: 28 Jul 2019 08:17 PM PDT

    I'm going back to school for my bachelors in accounting degree. I already have first bachelors degree so I have all my general education courses. I have a full time job. I want to do 15 hour semesters, but I not sure what that would be like.

    submitted by /u/Jewel131415
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    Can't decide where to move...4 offers 4 different cities

    Posted: 28 Jul 2019 02:12 PM PDT

    Long story short, I have the opportunity to move to Dallas, Atlanta, Chicago, or NYC. Three of the offers are for B4, the other is for a firm like BDO, GT, RSM, etc. I've moved around my entire life so I honestly know I will adjust well no matter which city I choose, but I am having a hard time picking which one. I didn't intern so it's not like I'd be going to a familiar office. I'm 25 so I want somewhere with other young people and a lot going on but that obviously isn't an issue in any of these cities.

    My main concern regarding my choice is my career and maximizing my income. My only concern related to NYC is I hear the work life balance can be worse than other offices and this coupled with the high cost of living makes me hesitant. On the other hand NYC seems to be the capital of the world/business world, so it's all a trade off.

    Given these choices, which city would you pick?

    Edit: These are audit offers, but my ultimate long term goal would be to find my way into strategy consulting, so I think an MBA may be in my future but thats probably 4 or 5 years down the road.

    submitted by /u/longhornsgo
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    5 Classes. 40 hours. Is it A Stupid Idea?

    Posted: 28 Jul 2019 07:18 AM PDT

    I wanted to see who out there worked 40 hours a week while taking 15 semester hours. If you did, how difficult was it?

    I am entering my Junior year (single. no kids or wife, just living in a small apartment a walk away from school)and everyone is talking about the difficulty of the Intermediate Accounting course difficulty.

    Im an older college student at 27 and am trying to work while in college so I don't have to go into debt. If anybody has pulled this off or even done 12 credit hours a semester, I would appreciate hearing how you did it and if you would even recommend this? Thanks

    submitted by /u/Popderrt123
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    Can I login to work email on internet browser on my personal phone? big4

    Posted: 28 Jul 2019 07:19 PM PDT

    How to review for CPA exam

    Posted: 28 Jul 2019 03:32 PM PDT

    So I'm getting ready to take my first exam (Aud) in 2 weeks. I should be done studying the Wiley material Tuesday, so where do I go from there? Is it just basically continuing to go through multiple choice problems and Sims and trying to patch rough spots up from there or is there more that I can do to prepare?

    Thanks

    submitted by /u/Bluedevil_1997
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    B4 tax nyc, what parts of the city can you afford to live in?

    Posted: 28 Jul 2019 07:16 PM PDT

    Mainly asking associates. I'm planning on transferring to another b4 office in NYC; I'm currently a tax associate. What areas of the city do you live in and how much do you pay?

    submitted by /u/gl555
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    New hires with programming languages?

    Posted: 28 Jul 2019 01:03 PM PDT

    I do a lot of meet the firms at our local state school (I'm on the firm side). I've noticed that a lot of students (sophomore, juniors, seniors) have listed multiple programming languages(Python, R, C++, etc) on their resume while being an accounting or business major. I feel like this is kind of strange. At my firm this isn't really applicable to the work that we do (audit, tax, etc), I don't know anybody at the firm that does any programming in our office. Also, would one actually be proficient in multiple programming languages as an accounting/finance major? A lot of these students are applying for their first internship so I find it hard to imagine they'd have any hands on experience.

    I'm always at a loss on how these add value or how to converse about these items, but many students will talk about these before any actual accounting related courses or experiences. It's been a few years since I've been in school but is this the new normal? Does everyone take programming classes?

    submitted by /u/Throwway12345uask
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