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    Accounting When you’re new to public.

    March 02, 2020

    Accounting When you’re new to public.

    When you’re new to public.

    Posted: 02 Mar 2020 06:02 PM PST

    Friend is a B4 staff 1 in a major hub. First busy season. Can’t wait to start this Fall ��

    Posted: 02 Mar 2020 08:10 AM PST

    Living the dream.

    Posted: 02 Mar 2020 12:06 PM PST

    Photo stolen from Facebook: Why we observe inventory counts...

    Posted: 02 Mar 2020 05:49 PM PST

    To My Ex-Big 4 Manager.

    Posted: 02 Mar 2020 10:36 AM PST

    Hey guys, so this is gonna be some sappy shit. I recently started taking on a manager role myself. And holy shit I just have so many words for my ex manager. I know he browses Reddit, so I'm just gonna leave this here for him. It will feel real fuckin good for me to get this off my chest because I haven't gotten to really do this before.

    Warning; yes, I am full on ranting, to the maximum. So beware of curse words. Yes, I do think the manager will know who he is. And yes, I do think it will sever any relationship for the future. Good. Burn that bridge. This individual manager is not worth having any bridge.

    If you're a big 4 manager, I do suggest you read this too, because too many of you are very misguided and I think this entire subreddit agrees that you all need to receive some serious feedback without us being scared to give it... and without you being too egotistical to ignore it.

    —————

    To my ex-Big 4 manager,

    I've spent the last year learning how to be a manager. How to lead a team and oversee staff. And everything I learned essentially points to one thing: that you were the worst, most abusive, and (barring anything outright illegal), most difficult manager I have ever had the unfortunate chance to work with.

    I know my words sound harsh, but just know that you have caused at least one of your employees to go so far as to feel like he needs to write a fucking letter to you on Reddit. Like think about it, how on earth did you manage to make someone hate you this much?

    What did you do? Well let's refresh your memory:

    • You got called dumb by a client once, and then you took that to your team and screamed at us for two days straight.
    • The first piece of advice you told me was that the black women on our team were only there because they cannot get fired, because they're black women. What the fuck.
    • You very very clearly preferred the women on our team, to the point where everyone kinda realized it. What, do you think women need help and men don't?
    • I needed desperate help, which I tried to obtain probably 10+ times, and you told me to figure it out.
    • You stuck me on a project that was not truly related to my major, my focus, my division, or my career goals. And then you expected me to appreciate you.
    • You constantly made racist and sexist jokes, all of which your entire team ignored because you gave off the most vengeful vibe ever. Anyone who even dared to speak against you was scared for that reason.
    • You once forced me to work 12 hours a day for a week straight and at the end, you told me there was no real deadline or anything. You lied so you can force me to work more. And then you decided to mask it as "I put pressure on you to get you to work harder."
    • You were the only person in the entire team that did not even try to support my promotion. Well I made it, to your disappointment.
    • You made me cancel my vacation, even though it was important and I had already postponed it twice, and told me it's because as a senior I need to lead by action. Then, on the same day I was supposed to take vacation, YOU took it instead. Lead by action right? Right.

    Man, that is just the beginning. Like this doesn't even do you justice. Your personality was the worst part of all of this, and it's not because of you, but how you treated us.

    Team Morale. That is what you lacked most, and that is why I will be a better manager than you - no, I am already a better manager than you. You may be smart, and you may be skilled. But that's all you have for you. Maybe I can teach your narcissistic mind what "team morale" means.

    This part is for ALL the big 4 managers out there. TEAM MORALE means you make your team members enjoy and appreciate being part of the team. Literally be nice to people. Care about them. Understand that a bad worker can be made good. Understand people's personal life issues, work preferences, goals, or even hopes for work life balance. And fucking respond to them in a dynamic way that actually addresses their concerns. And don't just say no every time. It means trusting your workers. Giving them liberties and chances. Helping them when they need it. A senior's job is to own and lead projects... but that doesn't mean they will never need help. Make them feel like you respect them.

    That was not you. You never once made anyone feel like they were respected or even cared about. Did you know that before you, I had near perfect ratings? Then, you gave me near bottom-scraping ratings. Why do you think my performance went down? Because I got lazy after being promoted? Hell no. It's because of you. No one is gonna try hard working for someone who they hate. And those that do work hard end up quitting very quickly. My job performance went down because I purposely did not want to try as hard anymore, because you gave me full desire to stop trying until I got kicked off the team. Yes I know my outlook was immature. If I had to do it over again, I would've tried to get you fired immediately by submitting the racism as evidence, or telling those poor women you insulted what you said behind their backs. Hell, maybe I will still tell them, because you just deserve it that much.

    I never got a bad review again by the way. Every client or manager I worked with afterwards has given me raving reviews. My new client, who YOUR partner admitted was highly difficult to work with, personally recommended my name to multiple partners in the firm. And FYI no I do not work for the same firm anymore or even live in the same state. That quality of employee is what you lost because you decided be a jerk. And yes, I absolutely held back on purpose. Guess what? This happens in the workplace! Bad managers get bad workers. My workers have done poorly before, but guess what I do instead? Help them get better and motivate them. They are not bad anymore.

    So, in conclusion, go suck a horse dick.

    Sincerely, A soon-to-be manager whose entire management outlook will be based on the opposite of yours.

    submitted by /u/B4ManagerYouSuck
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    Should I consider new position? (75k -> 85-100k)

    Posted: 02 Mar 2020 09:39 PM PST

    Hi everyone,

    A regional bank has been contacting me every other month to join their internal audit group however, I recently started a new job (Dec 2019) for a state agency jumping from a 56k/year salary to 75k/year.
    Note: I live in a low cost of living area.

    I currently get state benefits (cheap healthcare, estimated $3 million pension, family leave, roth + traditional 457 plan, state holidays, etc.), work a FOUR day work week (strict 35 hours Mon-Thurs), have estimated salary growth to 200k (over the next 30 years lol), 4 weeks vacation and 2 weeks sick leave (vacation & sick accrues year over year).

    The bank is offering me the ability to work from home 2-3 days/week, match up to 5% of my traditional 401k contributions, I would get 2 weeks vacation (won't accrue either), unlimited sick leave, no pension, but career advancement could* lead to some major positions down the line.

    I wanted to get your thoughts on whether I should break off into this bank. I have previously done an internship there during my college years which is why I think they want me to come back.

    Add'l info: I have never worked in public accounting, am 3/4 complete with my CPA exams (I've been in internal audit so it hasn't been a requirement so I started in June of 19'). I have 1.5 years of experience under my belt now (graduated the master's in May 18'), my previous job was in a Fortune 100 internal audit group that has nothing to do with banks. I haven't actually applied for the new job so the 85-100k figure they told me would most likely be low 90s if even that. Also, I'm not really concerned with being considered a "job hopper".

    Do you think I should at least entertain the offer and interview for the new role?

    Sidenote: I have been thinking about doing some consulting work once I get my CPA and use my Fridays and Saturdays for some freelancing. Do you think this could make up a decent difference for the pay gap?

    submitted by /u/Bezdbefazed
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    How to respond when the client gets the wrong set of accounts signed and approved

    Posted: 02 Mar 2020 09:48 AM PST

    Had my first breakdown.

    Posted: 02 Mar 2020 10:02 AM PST

    People would always tell me sooner or later I would have my first breakdown being in Big 4 financial services (tax). Our busy season is Jan 15 to Sep 15. During that time I average 60 hours chargeable, but some weeks are 90+.

    I made it through both levels of staff pretty well. I never came close to breaking down, and was the second highest rated staff on the office for all 6 of my reviews. I thought I was handling everything OK.

    But everything changed when I hit my first busy season as a senior. I have 6 staff, and 4 of them are amazing, but 2 of them are horrendous. One is incapable of learning (other staff have confirmed that they were a drug dealer in college and cheated their way through), the other is suffering from such severe mental health issues that we stopped asking them to even come in. Whoever told them to go into public was a fucking monster. They clearly are in way over their head.

    So this has drained me emotionally in a way I never thought possible. Plus now I have to staff all of their work, because of course we are short staffed already.

    So after working until 2-3am for 20 days in a row now, I broke down crying uncontrollably for 40 minutes this morning. I am clearly not cut out for this.

    I love the work, I love my teams, but I cannot keep putting in these hours and dealing with this stress. I've gained 40 pounds in 3 years and I get sick frequently. I have to quit for my health and my sanity.

    I'm not the kind of person to screw over all my teams, so I will hang in there until 9/15. But I'm quitting as soon as the deadline passes. What I'm curious about is if there are jobs out there that pay anything near what I'm making right now with less hours/stress? I made $83k last year, and should be making close to $90k this year. My rating is super high and they give me big bonuses, because multiple big teams would fall apart without me saving the day every time.

    The thing is, I'm not CPA. I hit the ground running from day 1, and have not had time to study. My wife and I grew up poor, so we've foolishly bought a house and two really nice cars (yeah we don't know how to handle having money). I can't really make less than $75k as a senior for us to just make our payments. Is public the only option? My other friends at mid-tiers work almost as many hours for way less money.

    Sorry for the rant. Had to get it off my chest. Y'all are the best!

    submitted by /u/Fandeathis
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    Is there a tax accountant shortage?

    Posted: 02 Mar 2020 07:29 PM PST

    I am in a unique position, I work a a CPA firm and I split time between tax and audit and am starting to learn I like tax a lot more. I am worried if I switched full time it would hurt my exit opportunities. Does anyone know what the exit opportunities look like for tax? Also when I see job boards it looks like a ton of firms are hiring for tax, is there a shortage of tax accountants?

    Thanks in advance for any advice!

    submitted by /u/hugeclock69420
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    Is Big 4 worth it?

    Posted: 02 Mar 2020 06:10 PM PST

    Currently I'm a sales and use tax auditor for my state government. I am also a licensed CPA. I love my job honesty. My boss is too generous to me and I love my coworkers. The hours are super chill and the benefits are great. I also get dedicated training and am learning a ton. The only negative is the pay and promotion opportunities. Just for fun over the weekend I threw my resume out to EY and surprisingly they want to talk regarding an experienced sales tax associate position. Another thing that happened is that a manager that I personally know in KPMG who used to work in my state agency wants to talk to me over lunch this coming weekend regarding opportunities. I mean idk if I want to leave my state job. The pay and promotion sucks but it so chill and has awesome job security. It's a dilemma.

    submitted by /u/isdcaptain
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    What certifications/titles are worth the effort?

    Posted: 02 Mar 2020 03:50 PM PST

    Obviously CPA will be the first thing that comes to mind, but I'd like to hear from you guys regarding some of the other titles. Did you find that the specific title/certification to you was worth the time to attain it? Do you think at anytime after getting said achievement you realized it was a waste of time? Did you get a raise or access to higher level jobs?

    My current goal is a CPA license, but I wouldn't be opposed to looking into additional titles to make myself more marketable or just broaden my knowledge. Thanks everyone

    submitted by /u/Singulative
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    Burnout: just replace "U of T" with any Big 4 firm and the story is still accurate

    Posted: 02 Mar 2020 06:25 PM PST

    Do recruiters who recruit accountants recruit for b4 or ..?

    Posted: 02 Mar 2020 07:44 PM PST

    And did anyone here use a recruiter to get a their job in accounting/auditing? Whats the process like?

    submitted by /u/wheredatwifii
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    Big 4 Quitting Meme

    Posted: 02 Mar 2020 04:51 PM PST

    My last day at my job at PwC is this Friday, and I want to include a funny meme in my goodbye email to the office. Any advice?

    All I have in mind is the "Ight, imma head out" spongebob meme, but I think I can do better. For context, I'm leaving because I got into a PhD program and have decided to take a more relaxed job at a former audit client in the meantime. I definitely enjoyed my time at PwC (though stressful), and I want to send outa goodbye email for the ages. Help appreciated!

    submitted by /u/Whamalater
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    What to expect from an SLP interview

    Posted: 02 Mar 2020 04:49 PM PST

    I have 4 slps interviews lined up, some of the interviews I know the interviewer and probably will just be catching up, they definitely know how I am. While some of them I have never met the recruiter or anyone from the firm, will they just try to get to know? I already know I want to go into audit most of the firm's descriptions of the slps say unsure about audit or tax? come apply to our SLP and find out. Are they going to ask behavioral questions?

    submitted by /u/Waste-Extreme
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    Industry groups at EY in TORONTO???

    Posted: 02 Mar 2020 06:08 PM PST

    Starting an audit summer internship at EY in Toronto and I need some advice in choosing between these two industry groups!!

    a) FSO (financial services companies)
    b) TAG (Toronto audit group = all other public companies)

    submitted by /u/asinnerandasaint
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    Tax Intern with a lot of free time

    Posted: 02 Mar 2020 07:10 PM PST

    Hi everyone, the title basically says it. I'm a new intern at a big 4, and I don't have any billable work to do. I have reached out to possibly everyone that I can. Is this normal? Isn't it supposed to be busy season right now?

    submitted by /u/hry1089
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    Are you really able to learn more about a company by becoming a financial auditor than doing tax?

    Posted: 02 Mar 2020 04:30 PM PST

    I have to decide whether to do Audit or Tax. It seems that people in audit are able to take deep dives into a company's financial and that means they are able to get broad exposure to a company's operations and all that.

    What about tax? I am still struggling with deciding which service line I want to go into.

    submitted by /u/Iamsuchadumbasss
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    PwC Tier 1

    Posted: 02 Mar 2020 10:20 PM PST

    How do you achieve that as a first year?

    submitted by /u/UncertainAccountant
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    How much more are you meant to learn in intermediate accounting?

    Posted: 02 Mar 2020 04:08 PM PST

    My principles professor said that intermediate would go over the same as principles but at a much deeper level. So far I'm almost done with my second quarter of it, and I feel like There's only been 4-5 new concepts. Just feels like he same thing as principles with a new concept scattered in every 2 weeks.

    submitted by /u/Wowowowow1234
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    You mean how we go through 10 pens and 4 notebooks while studying for the CPA?

    Posted: 02 Mar 2020 09:30 AM PST

    Internships count towards promotion timeline?

    Posted: 02 Mar 2020 09:58 PM PST

    Do your internships count towards being promoted to senior compared to starting as a 1st year with no internship?

    submitted by /u/TacosRMeaningOfLife
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