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    Tuesday, February 25, 2020

    Accounting Let the interns dream

    Accounting Let the interns dream


    Let the interns dream

    Posted: 25 Feb 2020 08:46 AM PST

    Getting into Governmental Accounting in my advanced class

    Posted: 25 Feb 2020 07:05 PM PST

    I got upset at work today so i went and checked out my bank account ��

    Posted: 25 Feb 2020 06:09 PM PST

    And it just made me more depressed 😔

    submitted by /u/KekWbush
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    If you crack a good joke for your team at 1 am and everyone deliriously laughs and enjoys life for a minute...

    Posted: 25 Feb 2020 04:47 PM PST

    you can automatically drive them into depression again by continuing "..thanks folks! I'll be here all night!"

    submitted by /u/Crags_and_Cays
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    Gottem

    Posted: 25 Feb 2020 06:25 AM PST

    Mental breakdown and walk out in Big 4

    Posted: 25 Feb 2020 03:42 AM PST

    After working for 5 years in one of the Big 4, I finally gave up during one busy season.

    It was a first year audit, so no prior year file and the quality of information provided by the client was poor and I was struggling to reconcile numbers. And the client was moving me from one contact to another in order to explain the differences.

    We were the group team and the client operated in multiple countries within Europe and initially the plan was that the European businesses would be audited by the local audit teams and they would report to us. However midway through the audit it was decided that it would be too expensive to pay local audit firms to report to us so we had to do the audits of those entities ourselves. This was a complete nightmare as the bulk of their supporting documents were in German, Spanish, Czech etc.

    And I was told to review these and to look up key clauses via google translate. Absolute nightmare which took me ages.

    The hours kept getting worse and worse, and I was mentally fried. My wife was having surgery during this time and I had a 3 month old baby who I also needed to look after so it was all piling up.

    Then one evening the Manager came up to me and said: "Listen you are not getting this work done in a timely way, if this doesn't get done, I will f*** you over".

    That shook me and I went home that night and had a complete breakdown. The next day I handed in my resignation and then went AWOL. I didn't turn up to work. Ignored all phone calls and emails.

    Then late night I emailed the team letting them know I am unwell and won't be coming in. My Career coach got involved and got me to take back my resignation and I got moved onto another client which I was familiar with and the hours were not too bad.

    I later quit and moved to industry which I find despite its challenges is much more laid back overall relatively.

    submitted by /u/SM110289
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    The saddest of numbers

    Posted: 25 Feb 2020 03:32 PM PST

    Obviously they've never seen this sub in busy season.

    Posted: 25 Feb 2020 07:52 PM PST

    Meetings will continue until we figure out why no work is being done

    Posted: 25 Feb 2020 09:45 AM PST

    Can I go to a wedding during busy season?

    Posted: 25 Feb 2020 07:47 PM PST

    I am an incoming A1 at a B4 firm starting in the Fall. I am in an out-of-town wedding on a Friday next February. Do you think they will let me leave town and go to a wedding for an extended weekend (Thurs-Saturday) I would prefer to explain this to my friend soon if they won't allow me

    submitted by /u/StealthUnicorn
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    I report to an ex Big 4 senior manager and it feels like I’m at a Big 4 again. Did I screw up by choosing a role where I report to an ex big 4?

    Posted: 25 Feb 2020 05:37 PM PST

    Despite having gotten quite a good review from him (he had no choice because I'm a staff accountant at a small company and they need people), I feel like I'm at a Big 4 again.

    He works exactly like my ex managers from the Bjg 4 (60 hours/week minimum) and I've been asked to work on company holidays (worked a 13 hour day on Christmas Eve and then was asked to take a day of PTO for the day after Christmas). Everyone on the team allows more than 50% of PTO expire. I've been at the company for 7 months and he has NEVER taken PTO.

    It's been stressful because I got injured a month ago, have only taken one day off, and I'm still not better.

    Asking to use my 11 days of PTO (not counting the 4 company holidays during which I've worked) is probably the equivalent of handing in my resignation (if I took these 3 weeks off I would probably heal). No one I work with ever takes off! My offer letter says I get 25 days of PTO/year - what a scam! I sit near folks on other teams (reporting, asset management, etc) and they + their managers work regular 40-50 hour weeks and take their PTO. It's just my boss (an ex big 4) who doesn't mind working 80/week.

    My boss is a workaholic, but he's such a nice person that I feel bad for not being appreciative. I've been at the company for almost 7 months and not a single person on my team has taken off. Help.

    submitted by /u/quarterlifecrisis95
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    Why would a Partner leave the firm in the middle of busy season?

    Posted: 25 Feb 2020 05:42 PM PST

    My direct line partner disappeared. All of a sudden we get a firm wide email announcing his last day was last week. Nobody talks about it. Nobody knows why. He was one of the nicest partners I worked with.

    Do you think he got fired? WTF are we going to do? What about all the partnerships and S-corps due 3/16? He is the only business tax partner. We are screwed!

    I'm scared. Should I start looking for another job?

    submitted by /u/AmyWhino1986
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    I didn’t fail my intermediate II exam!

    Posted: 25 Feb 2020 08:34 PM PST

    I got just below the class average. Honestly, I'm happy about it. I've been dealing with a lot of health issues which made me miss class.

    Definitely going to approach the second exam differently but BOY!!! AM I HAPPY!!

    submitted by /u/supergirljj
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    [Vent] I'm so so so so tired of feeling stupid all the time.

    Posted: 25 Feb 2020 09:55 PM PST

    I'm in my last semester of undergrad, and it's on advanced accounting cases. I love the people aspect of accounting, helping out clients' issues and the technology aspect of statistical analysis. But I feel like I'm the dumbest person in every room and class. I know about imposter syndrome, but I don't think I have it since even in study groups I'm always the one lagging behind and not retaining seemingly simple concepts.

    Sitting down and doing my homework is literal torture, like it frustrates me to no end how long assignments take me, how long I can spend on a concept and still not fucking get it. I literally don't know what happened to my brain.

    That's not to say that I was some super genius in the past, no, I definitely wasn't, but I worked hard and got results. I was capable of learning the material and I don't feel like that anymore. I have zero confidence in my abilities and second guess every step that I'm doing when I do problems. It feels like I've felt this lack of confidence for my entire life, like it's so entrenched in who I am. Even when I did used to do well in my courses, I don't think I ever felt confident with the material.

    So sorry if this isn't the right subreddit for this. But I'm sure someone out there relates?? How does one overcome this?

    I'm already in therapy for anxiety and depression but I don't want to go back because I feel like a burden to the therapist, and a burden to my parents.... Because I couldn't finish undergrad in 4 years (I took a year off for co-op). I don't think I'm clinically anxious or depressed because I don't get the same devastating feeling when I'm working on my part-time jobs or my small business.

    I do feel depressed, but again, not clinical, just sad in general because of school. It's like I've put my entire self-esteem and worth on grades that one bad grade, sets me down into a spiral.

    TL;DR: I'm suddenly super dumb in my last semester of undergrad. It's endlessly frustrating to feel stupid all the time. This is literally just a rant but if anyone has any advice, or has gone through something similar, please let me know.

    submitted by /u/jellyfishsailor
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    A simple request

    Posted: 25 Feb 2020 11:31 AM PST

    STOP SCHEDULING MEETINGS FOR ITEMS THAT CAN BE HANDLED VIA EMAIL

    submitted by /u/RetractableBadge
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    Big four from non-target school?

    Posted: 25 Feb 2020 03:46 PM PST

    I'll be graduating in December from a decent school (t75), but no big four firms recruit from it because it's so rural, small, and far away from the closest offices. I have a 3.44 GPA and 3.80 accounting GPA, and I'll have 150 credits done. I have tax prep work exp, as well as 3 years of research assistant experience.

    I'm looking to work closer to my family, hopefully in nyc or Boston. Do I have a shot at at least landing an interview for big four associate positions?

    submitted by /u/MrSkyeGuy
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    Thanks and a rant: enter the public void

    Posted: 25 Feb 2020 03:04 PM PST

    I'm relatively new to public and am experiencing for the first time all that is uniquely terrible about it. It seems we take on way more work than we actually plan to do. I receive almost no training. The worst problems are barfed all over me by my manager and then I'm blamed when I take too much time to solve them (or frankly even try to solve them?) Everything "shouldn't take long" but actually does. It all feels like a grift. Probably would have quit by now had I not read all the posts here saying how typical this is. Just tryna survive. This is basically a thanks and a rant, all rolled into one. Much love, fellow accountants.

    submitted by /u/throwawayofdespair66
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    I’m a b4 staff 1 a little over half way through my first busy season, but my boss doesn’t have shit for me to do today. Any students or B4 prospects got questions? I’m bored as fuck

    Posted: 25 Feb 2020 08:35 AM PST

    Background. I did go to a b4 target w 3.5 GPA. I actually switched to accounting my 3rd year of college and it took me 6 years to get my bachelors, but I got it. Also, I've had my exit from big four planned since before I even started applying to b4.

    submitted by /u/KekWbush
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    Is the big 4 really worth it?

    Posted: 25 Feb 2020 06:23 AM PST

    I'm an audit intern at a big 4. I started because I heard all throughout school the "the best" and often "only way" to progress fast through accounting is to suffer for 2-4 years at a big 4 and get out. Since I've started work, I've felt really overwhelmed. Those of you who didn't go thru B4, where did you go/what did you do? How happy are u in ur career? Is ur pay good enough to justify bypassing the b4?

    submitted by /u/LegosAndVideoGames
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    More of the diary... please add more stories because IM ENTERTAINED��

    Posted: 25 Feb 2020 01:41 AM PST

    M-3

    Posted: 25 Feb 2020 07:16 PM PST

    I HATE doing an M-3, and everyone I work with does, too. Even the managers hate them. I have two giant returns going right now and both have M-3s and its miserable.

    Anyone have any good advice for how to attack these things systematically? I realize that they're not complicated conceptually, but they're a nightmare in the software.

    I'm in hell.

    submitted by /u/MaineBlonde
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    Have my first Accounting interview Thursday (Accounting Assistant). What level of questions should I expect?

    Posted: 25 Feb 2020 04:43 PM PST

    Hi everyone!

    I'm interviewing for a position as an Accounting Assistant at a private university. The manager described it as a perfect entry level position for corporate accounting.

    The preferred requirements are a year or 2 of accounting experience, but not mandatory. I currently work there as a buyer/admin assistant.

    For the interview, should I expect mostly behavioral questions? Should I be more prepared for an accounting quiz? Should I be able to list recent FASB or IRS updates? Should I prep to explain advanced excel formulas?

    I feel comfortable with behavioral, and being nearly done with my master's program I feel like I have a good grasp on accounting, and I know my way around an excel sheet (even if I've never had practical use of vLookup), but I can't say i follow many FASB updates...

    I know this is a wide-reaching question, but any advice would be helpful. Thank you!

    submitted by /u/dwallace3099
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