• Breaking News

    Thursday, January 2, 2020

    Home Unlabelled Accounting Sorry if this is a repost

    Accounting Sorry if this is a repost

    January 02, 2020

    Accounting Sorry if this is a repost

    Sorry if this is a repost

    Posted: 02 Jan 2020 12:42 PM PST

    Explaining to the new associate before busy season that going above and beyond is good and all but it will lead to a faster burnout, when the key is to keep your head low and do the bare minimum.

    Posted: 02 Jan 2020 08:53 AM PST

    When HOTCPA is taken, but tax is life

    Posted: 02 Jan 2020 06:48 AM PST

    Dang it, missed the tax credit by this much...

    Posted: 02 Jan 2020 08:47 AM PST

    Starting the year off right

    Posted: 02 Jan 2020 01:36 PM PST

    I’m scared as shit and can’t sleep because of the CFE results on Tuesday.

    Posted: 02 Jan 2020 06:37 PM PST

    Fffffffffffffffuuuuuuuuuuuuuuuuuck.

    That is all.

    submitted by /u/lolwut07
    [link] [comments]

    Be safe EY peeps in NY or NJ !

    Posted: 02 Jan 2020 05:27 PM PST

    secretly hoping to get drafted to Iran so I can get on a new career path

    Posted: 02 Jan 2020 09:10 PM PST

    Happy Year End for all the non-tax accountants

    Posted: 02 Jan 2020 08:49 AM PST

    For all you in tax...may God have mercy on your soul

    submitted by /u/bchaplain
    [link] [comments]

    Officially graduated today

    Posted: 02 Jan 2020 10:34 AM PST

    Now begins my first tax season.

    submitted by /u/briggsk1991
    [link] [comments]

    [CAN] How do you plan to check your CFE results?

    Posted: 02 Jan 2020 09:05 AM PST

    Less than a week till the results are out and I can't decide on how to check the results that would give me the least anxiety. How do you plan to check them?

    • Scroll through the list? (The suspense)
    • Ctrl + F? (The heart attack)
    • Log into MyCPA? (The quick death)
    • Log into the National Candidate Portal? (The detail death)
    • Wait for the email? (The slow death)
    • Don't check it? (Schrodinger's CFE results)
    submitted by /u/SuperChubbyKitty
    [link] [comments]

    Client

    Posted: 02 Jan 2020 06:27 PM PST

    I took over the bookkeeping for a client about 6 months ago. When my predecessor was supposed to train me on some operational stuff and familiarize me with vendors, he was really defensive also possessive of records. He resumed to provide me access to the accounting system, until I had the owner request he do so. Within two two, my predecessor quit after I found discrepancies in his work, though he was supposed to provide training for 45 days prior to his departure.

    Long story short, I ended up finding that he charged personal charges to the company card for a few years, and the accounting system electronic audit record showed how he tried to make fake notes of what items were and classify them incorrectly to cover his wrongdoing.

    I found a number of issues and brought them to the owners attention, who was very appreciative, and was able to re-gain some of the loss.

    Now, the owner has moments where he doesn't trust any employee, even though it is six months out. He can't get over what happened from my predecessor. Wondering if anyone has any advice on this. It's a real morale-killer in our business.

    submitted by /u/darkconquistador
    [link] [comments]

    First day today at a small public accounting firm and they just threw me into it.. is that normal?

    Posted: 02 Jan 2020 08:39 PM PST

    I had my first day today at a pretty small public firm in my hometown. I just graduated with a bachelors in accounting two weeks ago and this is my first accounting job. They brought me in, showed me my computer, logged me in and she pulls out a huge file and says "so we're gonna have you start with doing the books for them, the company file is in Quickbooks '12."

    I was expecting to be trained, maybe sit with someone as they ran through one or something, but just thrown in? Is that normal? Am I a moron that should already know how to do this?

    submitted by /u/FORluvOFdaGAME
    [link] [comments]

    I received an offer but have yet to receive an email with the details.

    Posted: 02 Jan 2020 05:44 PM PST

    In December a few days before Christmas, I received an offer from a company during a Skype interview. The person I interviewed with said that I would be emailed the offer with information such as the start date, salary, etc. It's January 2nd and I haven't received it yet. Should I email them back about it or would I seem unprofessional? I personally think it wouldn't be professional and I should wait and if they don't respond then oh well, but a few of my friends said I should email them. Thank you for anyone who helps.

    submitted by /u/Toy_Jesus_McConnell
    [link] [comments]

    Two accountants walk into a BAR...

    Posted: 02 Jan 2020 06:38 PM PST

    Then they realize they don't want to be lawyers and walked out.

    submitted by /u/mimosaaddict
    [link] [comments]

    So it begins!

    Posted: 02 Jan 2020 01:23 AM PST

    Just got my first day in public accounting

    Posted: 02 Jan 2020 09:35 AM PST

    Hey guys!

    Just home from my first day of work and I wanted to tell you guys that I got into public accounting partly of this subreddit. Really enjoyed my first day so yeah... thank you!

    Regards, Some 17 year old from the Netherlands!

    submitted by /u/Drunkrunner21
    [link] [comments]

    Started my Internship today!

    Posted: 02 Jan 2020 04:37 PM PST

    So I started my internship today and so far so great except for one thing... I was placed into the Health Care group (this is the one group I did not want to be in). This internship is special because it allows me to do tax and audit, which gives great experience and flexibility. My issue with the health care group is that I smoke and I know that there is chance to be drug tested by the client before starting the engagement. While I haven't been assigned to any clients or asked to take a drug test, I know the chances of having to take one is high. Our employee handbook mentions drug testing and says that if we choose to withdraw ourselves from an engagement bc of a DT, we will not be professionally penalized (smells like BS but who knows). Any advice on how to approach a manager/partner and ask to switch if/when the issue arises?

    (I know I should've stopped smoking a long time ago, and while it's been about 2 weeks since I smoked, I know it is still in my system).

    submitted by /u/randomaccountcpa
    [link] [comments]

    How not to be an accountant

    Posted: 02 Jan 2020 03:08 PM PST

    Hello!
    I'm considering a career as an accountant, having taken some courses on the subject and having some knowledge of the subject from working in my dad's business. I wanted to know if you lovely folks could give me some tips on what not to do if you want to succeed as an accountant. To be specific, I'm looking for information related to studying to be an accountant and operating as a staff accountant. What should you not do if you want to succeed in that?

    (I ask because, as I understand the matter, it's often more important to avoid mistakes than to emulate success.)

    submitted by /u/LeviSweeney
    [link] [comments]

    Career Path Suggestions?

    Posted: 02 Jan 2020 08:02 PM PST

    I'm a freshman accounting major, and I'm trying to figure out roughly what career path in accounting I want to take. My main concerns are having a good work-life balance and decent salary. I'm pretty introverted and a homebody so I'm a little iffy about audit. I was leaning toward tax but heard tax is research heavy which I'm not too fond of. Any suggestions?

    submitted by /u/lostaccountgarbage
    [link] [comments]

    Is a minor in Statistics worth It?

    Posted: 02 Jan 2020 04:10 PM PST

    Planning to go into big 4 audit. Have some computer science knowledge already and was wondering if a Stats Minor would be worth it going into this field.

    Any feedback is appreciated.

    submitted by /u/Onion217
    [link] [comments]

    Can you enter too many hours worked? (Audit Associate)

    Posted: 02 Jan 2020 04:06 PM PST

    Say I'm scheduled 40 hours but it takes me 50 hours to do the tasks that I was assigned. I'm salaried so I'm not getting paid more, which is fine. On one side, I'm thinking I should always book exactly how much I work. On the other side, would they care that I'm putting in too many billable hours on the client? I feel like many co-workers work more than 40 hours so I wouldn't want to enter exactly 40 hours and not seem like a hardworker, but I also don't know what is considered excessive.

    submitted by /u/Usernamepicked11112
    [link] [comments]

    Operational Audit?

    Posted: 02 Jan 2020 05:32 PM PST

    So, I know that SOX-related Internal Audit is supposed to be a boring hellscape, but I've looked into more operational IA roles, and with certain caveats it doesn't seem that bad. Here's my reasoning, would like to get your takes on it:

    1. Operational auditing sounds less maddeningly boring than SOX testing.

    2. Honestly, I've been happiest in my B4 audit job when I have jackshit to do during the Summer and I spend 1/2 to most of my day browsing Reddit and reading articles. I feel like not having work to do is a more common occurrence in IA.

    3. Related to 2, W/L balance is supposed to be excellent in IA. I'm starting to realize that I might be the person who just wants to be at work as little as possible. IA sounds good for that, while still...

    4. IA seems to offer decent compensation. From what I've read, there's potential to be at $150k in your mid-30s. Is that right?

    5. International travel 20-25%. This sounds pretty interesting. You get to do some cool traveling, but far from M-T travel (which sounds terrible to me).

    For the big downside:

    1. Getting pigeonholed in IA? If it turns out this is too boring for me, I might have trouble getting out.

    What do you guys think?

    I always thought I'd try my best to get a sexy external exit opp (FDD then FP&A, or maybe just FP&A immediately). But, it looks like it'll be hard to get such a role. I'm starting my 2nd busy season next week. I have zero fucking intention of doing a busy season as a Senior. Unfortunately, that seems like it'll heavily diminishing my chances of landing a role in FDD or FP&A.

    And as I said above, Operational IA might not be that bad, considering that I don't think I'm someone who'll ever be passionate about work. Great W/L balance, solid pay, opportunity for intl travel (but not too much), and not quite as boring as SOX IA.

    Is my reasoning correct? Or should I not settle and try for a job considered more interesting when I exit public after this busy season and give actually caring about my work another shot? Is Operational IA just as bad as SOX testing?

    Thanks!

    submitted by /u/abertbrijs
    [link] [comments]

    CFE (CAN) Results are coming -- Lets discuss where you messed up

    Posted: 02 Jan 2020 09:56 AM PST

    So the results are coming on Tuesday.
    I had a nightmare about all the places I messed up on the exam on top of the shit show it was.

    Remember Day 3 had a case 3 which was about some Tiny House shit?

    I just BS'ed on that completely. Didn't have a lot of time to analyze and just coasted through it like its no ones business.

    ​

    Where did you guys mess up?

    submitted by /u/scaredashell02
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment