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    Thursday, November 7, 2019

    Home Unlabelled Accounting Moving offices and found this shoved behind a bookshelf. #tbt

    Accounting Moving offices and found this shoved behind a bookshelf. #tbt

    November 07, 2019

    Accounting Moving offices and found this shoved behind a bookshelf. #tbt

    Moving offices and found this shoved behind a bookshelf. #tbt

    Posted: 07 Nov 2019 10:09 AM PST

    Sad but true

    Posted: 07 Nov 2019 07:31 PM PST

    mood

    Posted: 06 Nov 2019 10:13 PM PST

    Hogwarts clearly doesn't have magical Auditors because their internal controls for the point system are non-existent. Change my Mind.

    Posted: 07 Nov 2019 08:20 AM PST

    I left Big 4 and went into tech instead (it isn't too late to switch careers!)

    Posted: 07 Nov 2019 02:11 PM PST

    Short background: I was a corporate tax consultant at a Big 4 for 2.5 years. After my first busy season, I was 200% sure I did NOT want to do accounting for the rest of my life. I had doubts about it since my sophomore year of college but I received an internship offer which turned into full-time; the ball kept rolling so I didn't have a lot of time to overthink my future career path.

    I'm sure everyone has different experiences in Big 4 but mine was mostly unfulfilling and sprinkled with passive aggression in the workplace. I had finished studying for FAR but it felt stupid to put so much effort into something that I knew I wasn't going to pursue anymore. Basically, I was miserable and knew I had to get out of accounting.

    I started doing a full-time online bootcamp for design/frontend development. This obviously impacted my normal job but at that point I didn't care that much anymore. I finished the bootcamp program early and started looking for a new job for a little over 6 months and managed to find a startup that was willing to invest in someone with little experience in design/engineering. I quit Big 4 and never looked back...

    tl;dr if you are currently wondering wtf you're doing and are pretty sure you don't want to do accounting anymore, it's totally possible to switch careers. I'm here to help if you want. I submitted over 300 job applications to various tech companies all over the Bay Area, Seattle, and Boston. I've been a lead UX designer for almost a year now so I can help, especially if you're trying to get into this industry.

    submitted by /u/zaryaOP
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    stupid

    Posted: 07 Nov 2019 10:16 AM PST

    got an offer from a big 4 out of town. was invited to fly out and see their firm, meet the people, all that.

    i missed my flight. do i kill myself

    edit: hi i talked to recruiter man and i'm hopping on the next flight. he seemed fine with it

    submitted by /u/myinitialsarebj
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    Industry busy season vs PA busy season:

    Posted: 07 Nov 2019 08:37 AM PST

    A truly "vintage" job proposal, if you ask me

    Posted: 07 Nov 2019 12:30 PM PST

    Wtf is wrong with CPA Ontario? 6AM exam...

    Posted: 07 Nov 2019 11:11 AM PST

    Staff Accountant

    Posted: 07 Nov 2019 04:38 PM PST

    When I went to university, a lot of students went to work for firms. A lot of them also graduated with 150 credits (semester) or if they didnt, they had plans as to how they would reach the 150. I graduated with 132 so I'm not eligible to get a CPA license. My career started in AP for an advertising agency and then I relocated to another city. I then worked in AR for a hotel and I'm now a Staff Accountant at a Not for profit. I love this role and honestly I don't know if I'll go back to school to get a CPA. My question is, will I have a sustainable career if I choose to stay as a staff accountant for the rest of my career? Or do all roads lead to a CPA? Am I an official accountant even though I don't have a CPA?

    Edit: Thank you all for the responses, these were outlining the different options and defining the career path. Im glad I joined this sub, the ceiling and floor examples gave me a new perspective

    submitted by /u/Bake-ohn
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    inflation

    Posted: 07 Nov 2019 08:25 PM PST

    I proposed to my fiancé with an AUP

    Posted: 07 Nov 2019 07:19 AM PST

    Made a report with an official cover, accountants opinion etc. The AUP was a timeline of our relationship. Last page was 1 line. Just said our names and that we got engaged.

    Accountants can be moderately creative.

    https://www.linkedin.com/posts/abelcpa_aup-activity-6597538498687881217-si48

    Added link for kicks!

    submitted by /u/SRAPV
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    Quick question regarding bond purchased at par and classification (IFRS)

    Posted: 07 Nov 2019 06:19 PM PST

    Hey all,

    Just had an accounting test today and there was a pretty heated debate afterward. The test was on Investments (Financial Accounting 2 if you live in Canada).

    The question went a little something like this : Purchased 100,000, 7% bond at par, the bond pays interest semi-annually on date 1 and date 2. The bond was sold 14 months later from the purchase date for 102,000 Prepare the journal entries.

    So the debate is this: Is this an Investment at Amortized cost or an Investment at Fair Value Through Profit Loss?

    In all the practice questions in my textbook, the major tell that its an FVTPL investment is that it says "the bonds were purchased for trading purposes". In the test question, nothing hinted towards that.

    The instructor argues its FVTPL because 1) The bonds were sold a year later 2) The bonds were issued at par so there's nothing to amortize with the cost method.

    The class is split right down the middle, some did FVTPL based on the par value purchase, some did Amortized Cost because the question did not state that the bonds were a trading instrument.

    My personal argument: The question is literally unrealistic. Aren't bonds never sold at par value to begin with? And if you buy a bond at par with the purpose of earning interest income, what do you designate it as if it's not amortized? Surely you can't just default do FVTPL, because you might end up with a bond worth $150,000 on your books and your shareholders might be asking questions on why.

    Thanks :)

    submitted by /u/iSpeezy
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    PWC First Year Relocation

    Posted: 07 Nov 2019 08:18 PM PST

    I interned with PWC back in spring 2018 as an assurance intern in their Fort Lauderdale office. When I initially applied for the internship I applied for the Orlando office because I live there and attended school there as well. They told me that the Orlando office was too full but they would be able to offer me an internship in the Fort Lauderdale office. I took it but let them know that if I do get an offer I would like to work in Orlando, they told me it wouldn't be a problem. At the end of the internship I was given an offer but they told me that they wouldn't be able to place me in the Orlando office because they don't need any additional staff. I have checked in multiple times since then to see if there have been any changes but unfortunately there hasn't been so I will be moving to Fort Lauderdale in January. My question is if I already signed my offer, would I still be able to negotiate some type of relocation assistance for my move? Is it something that had to be put in my offer letter or is it something they offer if you ask? Also should I try asking again if the Orlando office has any space to take me, I don't want to seem too pushy with the recruiter.

    submitted by /u/meadybanana
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    Recruiters are getting my personal email and telephone - how?

    Posted: 07 Nov 2019 12:30 PM PST

    I get linkedin is a cesspool of bad recruiters - it's easy to ignore their messages and move on. However, recently I've been getting a lot of solicitation for new positions in my personal email and even some calls to my personal cell. Does linkedin sell this info? I have all my info set to private.

    submitted by /u/pm_me_gaap
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    Got arrested at a client site, what do I do?

    Posted: 07 Nov 2019 07:07 PM PST

    So basically, I'm associate on Royal Dutch Shell.

    I am on my way home, and I see my gas light turn on. Thinking quick on my feet, I think I can streamline my commute into getting comfort over the client's inventory levels. So I swing my ass into a shell station on my way home.

    I walk into the station & display my EY badge asking to sample 15 gallons of gas (what my car holds). The lady behind the counter is having none of it and tells me to pay or leave. Totally ridiculous and what I thought could be fraud. I tore my EY Patagonia and demanded to speak to her manager.

    She called the police and they ended up arresting me for causing a public disturbance. Which is total bullshit.

    Do you think I'll be able to expense the fine & legal fees to the client since I was trying to perform audit procedures?

    Thanks

    submitted by /u/Outdoorkatze
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    Transferring CPA?

    Posted: 07 Nov 2019 04:34 PM PST

    State B has more credit requirements for CPA licensure than State A. If I take the CPA exams in State A but will be working in State B and transfer the scores, would I still need to take extra classes to meet State B's licensure requirement?

    submitted by /u/pocariz
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    How many of you have done or regularly take psychedelics?

    Posted: 07 Nov 2019 05:57 AM PST

    Hey all, I know black tar heroin is pretty popular here but I was wondering how many of you have taken or regularly take psychedelics?

    All jokes aside, every two months or so I take mushrooms or LSD with a close group of friends (none of which are accountants). In the weeks after I take them I am way more appreciative of everything in my life. These substances when taken responsibly feel like a mental reset button to clear out all the mental gunk that accumulates. I was curious how prevalent these drugs were in the community. I am in my early 20s and in Big-4 if that makes a difference.

    Cheers.

    submitted by /u/uhhcounting
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    What is the best way to train people?

    Posted: 07 Nov 2019 06:17 PM PST

    Long story short. New guy came in for three months already but still having trouble following orders / instructions. The whole team keep telling him how to be better (take note, slow down, use shortcut, etc.) But he just doesn't seem to get it... so how do you train people? At this point all my teammate kinda give up but I still want to try one last time...

    submitted by /u/AxeArrow
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    Anyone here use a smart pen at work?

    Posted: 07 Nov 2019 01:00 PM PST

    I've recently been thinking about getting a smart pen for random notes I take while at work. I am an entry-level audit staff at a B4 and I am constantly jotting down random notes from seniors, clients, managers etc... My notebook fills up fast and I have absolutely no effective way to organize and retain the notes for later. The smartpen and note pad seems like a good solution as the notes are transferred automatically into a PDF, but they are very pricey. Has anyone used one before? Are they annoying to write with? (I enjoy using a nice liquid ink pen normally) Is the battery life good? Do people look at you funny? Are they worth it?

    submitted by /u/Ninja654321
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    I hate accounting, what else can I do?

    Posted: 07 Nov 2019 09:03 AM PST

    Loaded question I know. Have a degree and have been in audit for 18 months. I dread going in every morning.

    I'm hard stuck between "I've been told BA Accounting is a flexible degree, I can do anything" and "audit is all I know, the only possible next step for me is senior accountant in industry". I don't even know where to start looking at jobs without typing '__________ accountant' into LinkedIn.

    Just kinda an open question, would love to hear if anyone's doing something a little different than the norm.

    submitted by /u/urGirlsBoyDarek
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    How long to give it before giving up on accounting?

    Posted: 07 Nov 2019 09:26 PM PST

    Hi all,

    I've been working at a small local firm since January, and I'm not sure if I should start studying for the CPA test or start working on a plan to escape.

    I graduated in spring 2016 with no accounting experience. At the time I had other career goals and didn't plan on working in accounting. I picked accounting as my major because I had to pick something, I was already taking business pre-reqs, and it seemed like the major wasn't a waste of time. I never actually liked it, but dumb me thought I'd just finish my degree then I'd never have to see it again.

    Surprise surprise, I was wrong. After 2.5 years, my post-grad plans didn't work out as expected. I didn't know what to do, so I figured I'd try an accounting job to make some money and see if I liked work better than school.

    After 10 months I can't really say I do. I would not like to make a career out of audit/tax, but the thought of being an industry/corporate accountant sounds even worse to me. My partner is pressuring me to take the CPA test, but I don't feel ready to given I'm not particularly enthused about the job/field and don't want to put more effort into something I don't like if it's only going to dig me into a deeper hole.

    At what point can you determine that it just isn't for you and you should try to find something else?

    submitted by /u/PR0v3
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    Late 20s accounting student in senior year rejected from all firms my school offered. Need advice on how to proceed

    Posted: 07 Nov 2019 07:49 AM PST

    I'm in my senior year and my gpa is a 3.8. The main drawback I believed I had was the fact I had 5 years experience at one company and not much else, but now I think it's maybe personality.

    I just got rejected from the only firm I was invited to super day and I'm pretty discouraged since it felt like it went very well and I had experience in the firms specialty. I applied to all the companies my school had connections with (over 10) and went to several recruiting events. I was mostly rejected without even getting an interview from big and mid size firms.

    At this point I will be graduating with 30-40k in debt and not having a job lined is very scary.

    submitted by /u/RenegadeKitten404
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