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    Accounting [UPDATE] I saw my client at a swingers party

    July 30, 2019

    Accounting [UPDATE] I saw my client at a swingers party

    [UPDATE] I saw my client at a swingers party

    Posted: 30 Jul 2019 07:46 PM PDT

    Original Post

    Figured I would update you all. Thank you for all the advice.

    ​

    Monday morning. I arrive at the client site at 8:30am. Our meeting is at 10am.

    I'm feeling pretty good about the whole thing. Like many of you said, she probably feels more embarrassed than I do, and I think having that on my mind really helped put me at ease.

    9:45am - I get a meeting cancellation email from the person that set it up with a note that the controller didn't show up to work. Fuck.

    She's probably just sick maybe? I go on with my day and try not to think about it. Right before lunch, I get a call from the partner. He wants to see me at the office. Kind of unusual, but the office is just down the street so not a big deal. I grab a quick lunch and get to his office around 1pm. I close the door, sit down and ask what's up. He said that he got a call from the CFO who told him that she wanted to meet with him to discuss the staffing of our engagement team, that it was urgent, and that she wanted to meet later that afternoon. He wanted to see if I had any idea what it could be, and he had a suspicion that it might be related to a Senior on the job who isn't great with people.

    I felt an immediate sense of impending doom. It's not like I did anything illegal, or anything immoral or against company policy, but this industry is all about relationships and if he feels like it's an issue, I'm fucked.

    He wants me to go to the meeting with him as the Senior Manager is on vacation. The meeting is at 3pm, in about 2 hours.

    I honestly got zero work done in that time. I was absolutely terrified of what might happen, or what the CFO might say. Maybe it really is about the Senior staff, but I feel like it wouldn't be the CFO dealing with something like that. I kept going through disaster scenarios in my head which probably didn't help my mental state going into the meeting.

    Around 2:40pm the Partner and I leave the office to walk down to the client. We get there a little early and decide to go to the CFO's office immediately to shoot the shit. Her door is closed, so we just wait outside until she's ready and opens it. It's the controller, CFO, and their HR director in the room. Holy fucking fuck.

    I'm so flustered I don't even remember what I said as I sat down. Everyone is looking very serious, which is especially unusual for the CFO as she's always very friendly and chatty.

    I don't think they were expecting me because the CFO looked at me, looked at the controller, and they had this non-verbal communication thing which I think was the CFO saying "Are you ok with him being here?", and her going "Yes that's fine."

    The CFO just comes right and says it. (the following is paraphrased obviously)

    CFO: "[Partner], the controller is uncomfortable with u/ohgodwhatdoidoo being on the engagement."

    Partner looks at me with a confused look and then says to the CFO: "Well I'm sorry to hear that. We're here to serve you and want to be sure you're happy with our team. I'm sure we can work through any issues, so let's talk through what's going on."

    Controller: "I don't want to get into it, but I'm just not comfortable being around him. We're asking you to find a replacement."

    I'm amazed that she's saying this. WTF. What did you expect going to a public sex event. She's making this worse for herself and me, when it could have just blown over.

    I feel like I should say something, so I immediately jump in and say "Listen, I'm sorry if there's anything I've done to make you uncomfortable, but I absolutely want to make it right. I wish you'd come to me in private rather than getting everybody involved"

    Controller: "I appreciate your willingness to work with me on this. I'm gonna need about tree fiddy."

    Well it was at this point I realized the Controller was about 8 stories tall and was a crustacean from the protozoic era! Damn it! I ain't giving you no treefiddy you goddam Loch Ness monster! Get your own goddam money!

    submitted by /u/ohgodwhatdoidoo
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    This is accurate.

    Posted: 30 Jul 2019 07:34 AM PDT

    Office language am I right?

    Posted: 30 Jul 2019 01:29 PM PDT

    Me at my desk when I’m unassigned but still have to sit there for 8 hours

    Posted: 30 Jul 2019 07:30 PM PDT

    GT Layoffs

    Posted: 30 Jul 2019 02:58 PM PDT

    Heard that GT fired around 400 people today. Axed the entire forensic accounting group. Layoffs in other areas, including @partner level. Any confirmation?

    submitted by /u/cossack2020
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    Big 4: being a “bro” is more valued than having a strong work ethic? Or is it just my team? Intern on my team isn’t getting a return offer and it devastates me..

    Posted: 30 Jul 2019 07:40 PM PDT

    Currently a staff. Intern on my team is hard working, smart, and nice. Yes, he makes mistakes but most people would make the same mistakes so it's all good. It's more important that he's learning and I don't mind coaching him or correcting his work.

    Team doesn't think much of him. Manager doesn't like him because he's awkward and a little shy. I've heard he won't be receiving a full-time offer. He's not suave or charismatic. Gets nervous when talking to the team. But he's still in college!

    We had an intern in the past who was a total bro. He had a mediocre work ethic but he was all about schmoozing. He had many mistakes in his work that I had to correct. I thought he was a complete sociopath. Yet my team gave him perfect reviews and he received a return offer.

    I really like our intern and it saddens me that he won't be coming back. I've also been receiving shitty reviews and believe my time at the firm is limited. It just seems that people who stay at the firm are "bros" and/or just aren't genuinely nice people. It devastates me how unforgiving the people with whom I spend a ton of time are. If I was the manager I would definitely give him a return offer, but obviously both I and the intern don't fit the firm culture.

    submitted by /u/scrippsneighbor
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    intern vs staff

    Posted: 30 Jul 2019 02:25 PM PDT

    When your manager asks for a progress update on a job.

    Posted: 30 Jul 2019 10:40 AM PDT

    When your Senior finished explaining the task for the third time

    Posted: 30 Jul 2019 02:35 AM PDT

    Do people in big 4 actually love what they do?

    Posted: 30 Jul 2019 02:58 PM PDT

    I'm in 10 months and I hate it..I can't imagine doing accounting for the rest of my life.

    submitted by /u/scrippsneighbor
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    New staff, over budget

    Posted: 30 Jul 2019 03:57 PM PDT

    I'm on my fifth week of my new b 4 tax job. I went way over budget on something that was apparently supposed to be an easy task. I understand what I did wrong and will most likely improve next time, but I'm just curious how negatively I'll be viewed because of it. Thanks!

    submitted by /u/GenHeathLedger
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    Explaining reality to a client

    Posted: 30 Jul 2019 08:40 PM PDT

    AUD on Friday

    Posted: 30 Jul 2019 05:17 PM PDT

    79, 73, and 79 on Becker mock exams.

    Let's do this.

    submitted by /u/LucaPaccioliJr
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    Coworker has a new nickname at work

    Posted: 30 Jul 2019 09:28 AM PDT

    We've all started calling one of the managers in our department LIFO. I told me wife and she just looked at me funny. Hopefully you guys enjoy it.

    submitted by /u/CornDawgy87
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    Rude Awakening: I don't think I'll have enough time for side gigs like YouTube or anything else entrepreneurial during my climb in Public Accounting.

    Posted: 30 Jul 2019 09:10 PM PDT

    • Context: I'm a big Kool-Aid drinker aspiring for partnership.

    • A partner told me that auditors at the firm are expected to begin selling work at the manager level. I thought that I would have plenty of time during non-busy season to work on my YouTube channel or other business ventures. But it suddenly dawned on me....partnership isn't a joke. Most entrepreneurs work hard to one day become successful, and partnership at a PA firm is no different. When you choose the Partner path (which starts much earlier than manager if you think about it), you are accumulating industry knowledge pertient to a skillset (audit, tax and etc). You are grooming yourself to one day take on an equity stake in a joint entrepreneurial endeavor; that is a public accounting partnership.

    • If you choose the partnership path, its tantamount to Walt Disney focusing his life on building what we know today as Disney Inc, or Edison to the light bulb, or Phil Knight to Nike. When you choose the partnership path, you are saying..."I not only want to spend my entire youth as an accountant, but I want to spend most of the remainder of my life as an accountant...with little room for anything else."

    I could forgoe a social life and moonlight/sidehustle instead during non-busy season, but what quality of existence would that be?

    submitted by /u/Dream2Meme69
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    Every job posting wants public experience

    Posted: 30 Jul 2019 09:25 PM PDT

    Every job posting ever has "prior public experience wanted". If I get my CPA, will that surpass the need, or do they actually want public experience?

    Second question, if I'm at a little more than 2.5 yrs in general staff accounting.. do you think I should go public or would it not really be worth it/too late? I figure at 3 yrs experience I could go for a senior industry job anyway.

    Any thoughts?

    submitted by /u/zbgs
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    Does utilization encourage bad workers and/or liars?

    Posted: 30 Jul 2019 04:32 PM PDT

    Hey guys, I would like some clarification or an explanation. As we all know, utilization is preached as a key metric for associates and seniors. However, doesnt that essentially reward those who are less efficient workers? Longer the task takes = more billable hours = higher utilization %. A bad worker bills 45 hours (actual time it took them to complete project) whereas a great worker bills 35 hours (completes task 10 hours quicker). As a newbie in this gig, can someone explain to me how charging fewer hours is better when it results in lower utilization? Also, why dont people fudge their billable hours an extra 3 hours/week, (which is a low enough artificial increase so as to not cause suspicion/questioning). This would also results in higher utilization. Thanks in advance for the explanations!

    submitted by /u/Cloudral
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    Are the long hours really necessary to be successful?

    Posted: 30 Jul 2019 05:56 PM PDT

    As a big 4 intern, I'm getting my first taste of working 12 hour days. The millennial in me wants to complain about how it's not fair and i should only have to work 40 hours a week. The realist in me realizes that almost every successful person in business has had to work long hours and they are probably necessary.

    Am i just drinking the kool aid or is it really necessary to work long hours to be successful?

    submitted by /u/lf8371
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    With turnover high at my office, my manager gave the team an explanation that quitting in Oct-Dec is too late to quit.

    Posted: 30 Jul 2019 04:32 AM PDT

    Is he right? Seems a bit unfair that they block off Oct- April as no quit months...

    submitted by /u/RudeLingonberry
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    Job duties - What to look for?

    Posted: 30 Jul 2019 08:45 PM PDT

    I'm essentially an accounting clerk at the moment and I'm looking to get a staff accountant position. I've noticed that most "staff accountant" jobs are just accounting clerk positions.

    What job duties should I look for?

    What positions should I avoid? (Example: I currently have a bachelors (May 2019). I'm 100% positive a person with a GED can efficiently hold an accounting clerk position, pursuing a clerk position is essentially worthless with a degree)

    submitted by /u/TexasHatAssociation
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    Meet the Firms

    Posted: 30 Jul 2019 08:43 PM PDT

    Hello I was wondering if all meet the firms events are for people who go to school at the event site? I go to an online school, and I have been wanting to go to a meet the firms event. I am in the socal area.

    submitted by /u/ohsnapitzjudy
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    How long does it take to find a new job?

    Posted: 30 Jul 2019 08:33 PM PDT

    When applying for a job, and they get back to you and ask for proof of your credentials and that they will contact you if you are shortlisted, how long does this shortlisting process take to the interview stage and subsequently to an offer? I have only 2.5 months to find a new job and the pressure is real. I only have 1 interview coming up and another 3 or 4 in the shortlist stage.

    submitted by /u/yuoal
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    Leaving before senior(year 1)

    Posted: 30 Jul 2019 03:27 PM PDT

    Do you regret leaving the firm before getting into senior?

    submitted by /u/homeless___turtle
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    Intern Season Almost Over. Need Advice

    Posted: 30 Jul 2019 06:09 PM PDT

    With my internship nearing its end, I've been worrying about how to handle getting an offer, what to negotiate, and whether or not to even take the job.

    Here are some facts about the firm I'm interning at:

    • Small firm (around 40-50 employees)
    • Services a very small industry
    • Pays interns above-average rate (HCOL area in Northwest)
    • People ("culture") are (is) pretty cool. Fun people to be around.
    • The training was pretty shitty for the most part. Learning on the job has been fairly difficult.

    ​

    So with all that said, I think I might enjoy working there after actually learning wtf I'm doing. I'm just concerned that the inadequate training and the niche industry are things that should be a red flag for me starting my career. Is training shitty everywhere? Does starting at a small firm that services a very niche industry sound like a good idea? If I'm not super excited to work there, should I try to negotiate a salary around 6-8k above average in order to make it worthwhile? How do I even come up with a salary number I should expect to make?

    ​

    Basically, I'm just curious what y'all think. What type of process did you go through to determine if you wanted to stay at the firm you interned at? How did you negotiate your salary.

    ​

    Any help is much appreciated!

    submitted by /u/TheSilentIntern
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