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    Saturday, September 28, 2019

    Accounting This is autobiographical

    Accounting This is autobiographical


    This is autobiographical

    Posted: 28 Sep 2019 06:27 AM PDT

    Currently on week two of Big 4 new hire "training"

    Posted: 28 Sep 2019 06:12 PM PDT

    Every client near a deadline

    Posted: 28 Sep 2019 10:14 AM PDT

    Client: hey auditor! Here is our final version of the TB, it should be correct! - *opens attachment*

    Posted: 28 Sep 2019 09:01 AM PDT

    Me in my virtual interview

    Posted: 28 Sep 2019 02:46 PM PDT

    I'll get it to ya.

    Posted: 28 Sep 2019 07:04 AM PDT

    Get it together, states!

    Posted: 28 Sep 2019 09:38 AM PDT

    What does a positive performance review look like?

    Posted: 28 Sep 2019 04:10 PM PDT

    I received nothing but negative reviews during my short tenure in Big 4. I was working my tail off but nothing seemed to help.

    Some of the points in the review that did me in was something like this:

    ___ should continue to focus on her critical self review. ___ should read library procedures as she evaluates updates needed (as opposed to rolling forward). When marking a workpaper prepared, ALL documentation (check boxes, links, workbook tabs) should be completely addressed.

    _____ needs to maintain a daily written to-do list and take comprehensive notes at all meetings. If ___ is confused about her tasks, ____ should ask questions in a timely manner. ____ should track her tasks so that when asked, ____ should provide a quick and concise response on her status and outstanding questions.

    _____ has completed trainings to help improve her skills. ___ should understand the client, the client's industry, and accounting fundamentals. ____ should become familiar with the parent company and US GAAP.

    submitted by /u/ohmy0925
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    Accounting problem - A/R and Gross Sales

    Posted: 28 Sep 2019 04:48 PM PDT

    Accounting problem - A/R and Gross Sales

    Hi everyone! Would someone be kind enough to help me out and explain how to get the correct answer. I'm in an accounting program online and it's been ages since I've touched this kind of problem. I'd greatly appreciate it (I'm not looking for just an answer so much as helping me understand so I can do more on my own).

    Thank you!

    https://i.redd.it/x5a086dr9fp31.jpg

    submitted by /u/MissingMagic
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    Deloitte Reg and Ops

    Posted: 28 Sep 2019 06:10 PM PDT

    Does anyone know what Deloitte Regulatory and Operations Risk Advisory actually does and what the compensation is?

    I can go into audit or tax and may potentially get this advisory offer (by switching one of the others) but I have no idea if I should try to pursue it or not since I don't know what the work or pay would be like at all.

    My goal is to use the start of my career (next 3-5 yrs) to get into a top MBA program so I'm also trying to pick careers based on what looks the "best" from an admissions standpoint. Any info helps.

    TL;DR: Need some info on Deloitte Reg and Ops in terms of: what the work is like, compensation compared to audit/tax, exit ops compared to audit/tax, prestige compared to audit/tax. Any info helps!

    submitted by /u/maccqthrowaway
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    is auditing actually useless?

    Posted: 28 Sep 2019 07:44 PM PDT

    I have seen a lot of talk on this sub about the profession of auditing be useless, and, as, a new auditor, I was just thinking about this type of thing in a big picture way. To me, it would seem that an individual engagement that happens on a specific audit would be pretty much useless overall, because you're unlikely to find anything material.

    On the other hand, the profession itself should exist, because without auditors, it would lead to a lot of fraudulent f/s that don't exist now because we have to actually do the audit.

    So, a singular person's job doesn't really matter, but the overall profession does actually matter mostly due to the fact that it exists and has to happen due to regulation. So, f/s are less likely to have material issues because the audit happens. What do you guys think?

    submitted by /u/Shakturi101
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    What does "tax paid on tax return" mean?

    Posted: 28 Sep 2019 10:43 PM PDT

    hi,

    What do companies/people mean when they say "tax paid on tax return"? I don't understand that phrase.

    https://www.youtube.com/watch?v=ZI0Rya9IcN8&feature=youtu.be

    I hope this is the right place to ask the question

    thanks

    submitted by /u/aymanzone
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    Will Big 4 advisory pay for my CFA?

    Posted: 28 Sep 2019 06:27 PM PDT

    I have interviews next week and was wondering if I should bring up I am planning on getting my CFA in the 6 months between graduation and starting.

    Edit: I mean the first exam and its study materials. I know you cannot get the CFA in only 6 months.

    submitted by /u/Lorimiter
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    Switching to public?

    Posted: 28 Sep 2019 05:50 PM PDT

    I am currently 27 with 5 years experience in industry currently working as a senior accountant. I am considering making the switch to public or staying in industry but I am unsure. The reason for the switch is I'm about to finish my CPA and going to leave my current place of work anyways. And having auditing on my resume is pretty tempting. The things holding me back is the crazy hours and the step down in pay. Any advice?

    submitted by /u/jwellz253
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    How to get more money?

    Posted: 28 Sep 2019 09:32 PM PDT

    I'm a little bummed about my salary progression, given that I'm almost three years out of school.

    Staff Accountant, industry @ F500 company

    Y1: $45K

    Y2: $46.5K

    En route to making $48K or so in Y3. Even though I'm in low cost of living city, prices are on the rise and this salary is very tight. I'm working on my CPA to become more valuable (already passed one part) and improving my technical skills. Really would love to hit the 60K mark.

    What's the best route to make more money? Ask for it? Switch jobs?

    submitted by /u/eman12771
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    becoming a cpa quebec with ontario bcomm degree

    Posted: 28 Sep 2019 09:14 PM PDT

    So right now i go to telfer at university of ottawa and im a 2nd year student specializing in accounting. I know that I want to live in montreal once im done school. I am not 100% sure yet if i wanna become a cpa but if i do will it be complicated to get a cpa designation in quebec with a university degree from ontario? would it be better for me to transfer to a university in quebec and my degree from a school in quebec? if i finished school in ontario how much longer would it take to get my cpa in quebec? what would be the extra layers i would have to go through in this situation?

    submitted by /u/LastTerm
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    Looking for a tutor for my intro to financial accounting class.

    Posted: 28 Sep 2019 03:03 PM PDT

    I am willing to pay 15 dollars an hour to help me understand it more clearly and help with homework and check my work

    submitted by /u/riley24001
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    What is the most common font and font size you see on resumes from Accountants?

    Posted: 28 Sep 2019 12:15 PM PDT

    I really like Garamond but I am not sure if that is the ideal font to use.

    submitted by /u/Innovativeideas3
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    How does travel work at Big 4?

    Posted: 28 Sep 2019 08:51 PM PDT

    When you're traveling by plane to a client that you will be working on for a few weeks, are you there working pretty much all the time, or do you fly back for the weekends?

    submitted by /u/Jahbanny
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    [Tax] - U.S. to Mexico

    Posted: 28 Sep 2019 08:40 PM PDT

    Anyone from the U.S. now in Mexico in public accounting? Looking to move to Jalisco and wondering how difficult it would be to keep my career going

    If it matters, I'm a U.S. citizen and my wife is duel Mexico-U.S. citizen.

    Currently tax manager wondering how difficult it would be to get into public in another country.

    Thank you in advance

    submitted by /u/itsme_titsmcgee
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    Which internship is more difficult to land? Winter or Summer?

    Posted: 28 Sep 2019 08:34 PM PDT

    I'd ideally like an internship for next Summer, but I'm wondering if not applying for the busy season positions now will hurt me later.

    Thus far I have a 3.6 cumulative GPA, 3.9+ Accounting/business GPA, Junior level status, but am a semester behind due to switching majors. I have only completed the intro level accounting and business classes as of now. This semester I am taking Intermediate I and my other required business classes.

    I've gone to the accounting fairs and asked some light questions. Most firms don't seem to care about how many accounting classes you've taken to be a competitive candidate, but I don't believe this entirely. I'd like to apply in the spring semester for summer intern positions once I've completed more classes, and will be taking Int Act II, Cost Act, etc in order to be more competitive.

    My socializing/people skills are only average to slightly below average. I have prior work experience in a "big boy" job, but am currently not working. I am in the process of joining Beta Alpha Psi, but that's it as far as extra-curriculars.

    I'm aiming for a Big 4 Internship or alternatively a position at a small local firm. I'm trying to avoid medium sized firms which don't have the smaller, more personalized environment of a small firm nor the extensive opportunities of the Big 4.

    Sorry this is so long, but I'd appreciate any advice.

    Tl;dr:

    Should I apply now to Spring Semester positions and risk missing a semester when already a semester behind graduating or wait until the spring semester to apply to summer positions when considering which one is more difficult to land.

    submitted by /u/YamatoDamashii_
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    If I accept an internship should I be updating my linkedin as soon as I accept it, start it, or finish it?

    Posted: 28 Sep 2019 12:32 PM PDT

    Please see attached title.

    submitted by /u/thunder_crane
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    Starting Industry right-off the bat, having second-thoughts?

    Posted: 28 Sep 2019 08:00 PM PDT

    So just this week I received four offers for my first post-grad job and they were as follows:

    (1) Internal Audit at KP

    (2) External Audit at Deloitte

    (3) CPA Rotational at Kraft

    (4) Finance & Accounting Leadership Program at a Big Bank

    I am currently on track to complete the CFE in two years, however, my main intention has always been to leverage CPA as a stepping stone to a finance-investment role. In fact, I plan to take my CFA L1 this December. I ended up locking down on the Big Bank position as I felt it fit my career plans and because it was incredibly competitive. The leadership program does offer incredible internal progression, but I'm not sure if I'm ready to dedicate the rest of my life towards working at a bank. Also, I keep hearing about how much experience you get out of the Big 4 and the exit ops after spending 3 years + CPA. Seems to me like Big 4 is a much safer and the option with the greatest prospects.

    Anyone care to chime in, did I just make a terrible decision I'll end up regretting the rest of my life?

    submitted by /u/-Shiroyasha-
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