Accounting This kid’s got a big future. Big 4 future |
- This kid’s got a big future. Big 4 future
- April 15th is Irrelevant
- PwC Australia to cut staff hours, pay by up to 40%
- Ernst & Young Says It First Found Accounting Issues at Luckin
- How hard will it be to get a job post COVID-19 with a masters in accounting and no work experence?
- How to give 2 weeks while working from home?
- As an Audit Staff 1 in big 4 (Boston), What can I do to survive any possible layoffs?
- CodeAcademy Pro Free Right now
- Any accounting information systems majors? Is so what’s your jobs like on a daily bases and was your degree very marketable with it being a new major?
- Graduating in May. Can someone offer some words of encouragement/advice on future job opportunities now that there’s the corona virus?
- I don’t find public accounting fulfilling
- M&A - Tax
- Question About Big Data & Analyzing Risky Accounts Going Forward
- Opinions on which offer to take?
- Accounting concepts
- Anyone else has Big 4 offer on hold?
- USA Big4 - Europe dillema
- Extremely Nervous About COVID & Getting Sick, Advice Needed
- Online Accounting Degree
- PwC DRS service line?
- Accounting homework question: preparing a closing entry
- CPA or CMA
- Are Politics in Corporate America Better in Smaller Companies?
| This kid’s got a big future. Big 4 future Posted: 05 Apr 2020 08:58 AM PDT
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| Posted: 05 Apr 2020 05:49 PM PDT Anyone else feeling lost? There's a sense of urgency at the same time there is no sense of urgency? Should be free in 10 days. Instead it's this weird lull for three more months. [link] [comments]  | ||
| PwC Australia to cut staff hours, pay by up to 40% Posted: 05 Apr 2020 08:39 PM PDT
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| Ernst & Young Says It First Found Accounting Issues at Luckin Posted: 05 Apr 2020 08:34 AM PDT
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| How hard will it be to get a job post COVID-19 with a masters in accounting and no work experence? Posted: 05 Apr 2020 07:36 PM PDT I graduated with my masters in accounting next year (spring 2021.) I think my internship I am supposed to do this summer will be canceled due to COVID-19. Furthermore the economy is going to the shit now with 10 million people on unemployment benefits. I have no accounting experience either and virtually no work experience. The internship was supposed to be my first work experience. How hard will it be to get a job post COVID-19 with a masters in accounting? [link] [comments]  | ||
| How to give 2 weeks while working from home? Posted: 05 Apr 2020 05:08 PM PDT I had an interview for a government job back in February before this whole COVID craziness happened. I've always wanted to work for a local government, I'm over the F500 corporate life. They offered me a position. The background check is moving at a glacial pace. I'm not gonna jump the gun, because I know people who have had a passing background check but got beat out by an internal candidate at the last second, but I want to know how to handle giving 2 weeks if it comes to that. I work for a nonessential business, so all of our operations are shut down, until at least April 30. We have the best cash position in our industry, so our employer has committed to paying everyone for the entirety of the shut down. All back office operations are wfh. I've been at the company for over 3.5 years so there are a lot of processes that I've owned during that time that no one else really knows how to do. While our management has been trying diligently to make sure there is a backup for everyone's workload, I still haven't been able to cross train sufficiently. (I had actually planned on really hitting that hard in Mar and Apr, but now that's on hold and I've just been focusing on tasks to get the books closed). If my background clears during these 30 days, I'm just wondering how to handle this situation. Obviously I don't want to burn bridges, and I wanna transfer my workload pretty seamlessly, but I also don't want to give up the opportunity. [link] [comments]  | ||
| As an Audit Staff 1 in big 4 (Boston), What can I do to survive any possible layoffs? Posted: 05 Apr 2020 03:07 PM PDT I'm a January starter, if that helps, which kinda sucks since I feel like the other staff 1's have 4-5 months more experience than me. Any advice? Does your time variance really matter? What if you are unsigned some weeks, do those weeks you are unsigned look bad? Should I start studying and officially Register for my CPA just in case they check-up on Staff 1's CPA status? [link] [comments]  | ||
| CodeAcademy Pro Free Right now Posted: 05 Apr 2020 03:05 PM PDT Hi guys, CodeAcademy Pro is free for 3 months, you just have to sign up using a .edu email. Learn data science languages like SQL, Python and R. CodeAcademy, unfortunately, isn't enough to make you come up with creative solutions you just have to have an end goal in your mind and figure out how to make the language do that by trial and error. However, it is a great place to learn the basics and syntax. [link] [comments]  | ||
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| Posted: 05 Apr 2020 11:59 AM PDT Hi guys, I graduate in May with my bachelors in accounting. My GPA is 3.60 and I think my resume is pretty stacked (accounting internships, good tier jobs, volunteer work such as VITA, etc.). However I just can't shake this feeling of not being able to find a job especially with the corona virus happening and it seems not many places are wanting to hire a fresh out of college because of this virus. Just to clarify I'm not looking to get my CPA as of right now, I wanted to go straight to industry for a bit as college has drained me and I just want to go straight to work for now. Can anyone offer some helpful words of encouragement/advice? Will this virus affect job opportunities?? Sorry for the big wall of text. [link] [comments]  | ||
| I don’t find public accounting fulfilling Posted: 05 Apr 2020 10:28 AM PDT I'm going through my first busy season as a staff tax accountant at a boutique firm and so far I don't think it is going horrible, despite the lack of training I had. All the staff and managers are willing to answer my questions and give me advice. I really enjoy with them. However, I do not find the work to be fulfilling. Trying to figure out ways to help people who make more than I probably ever will how to save money on taxes, it just doesn't bring me the sense of I'm doing something that helps others. Also the constant emails and phone calls (since everyone now is working from home) from partners trying to please their clients, just annoys me to the point that I want to tell them to fuck off. I see no incentive for me to go above an beyond for a client since we get no type of gratitude from the partners. They get all the praise from the client when we're the ones who did most of the work. I've had several internships throughout college, and looking back now, I realized the one that was the most fulfilling internship was with the state auditors. I interned with them during my fall semester of senior year, and despite my positive feedback and reviews, they told me only give graduating seniors offers, I still had my spring semester to complete. This lead me to going towards the public accounting route. I still keep in contact with several of the managers from the state auditors. I'm at the point where I want to jump back to the state auditors, but seeing that this might be the third time I've switched positions within a span of a year, will that look as a negative to the state auditors? I finally came to the realization that I value my happiness, time, and family over the $$$$. Also if I wanted to start my own practice one day, most firms in my region make you sign an agreement that you will not practice accounting within 60-100 miles from where they're located for 5 years. [link] [comments]  | ||
| Posted: 05 Apr 2020 08:48 PM PDT Can anyone give insight into this line of work from the Tax/CPA side? Are there any suggestions into getting started to make yourself stand out amongst the crowd? From my understanding, this service is barely accounting-related with a lot of IB/PE firms specializing in it, but I noticed Big 4 offers it as a service. I haven't had the luck to meet anyone from this line of work, so I would greatly appreciate any information, thanks. [link] [comments]  | ||
| Question About Big Data & Analyzing Risky Accounts Going Forward Posted: 05 Apr 2020 08:00 PM PDT Clearly, I have way too much time on my hands with this quarantine crap, but I've recently been thinking about how to use more quantitative tools to help automate my work. This got me thinking about how accounting requirements may change going forward for accounts requiring significant estimates/judgement. For example, let's say that I'm evaluating a company's inventory balance and they say they established a 10% reserve based on their understanding of the business. In diligence/audit, I would usually perform a historical analysis looking at actual write-offs in historical periods and compare it to the 10% policy put in place by Management. It's not a very sophisticated analysis and could be misrepresenting risk if there are potential changes in the business. In my experience, unless something is very grossly misstated, we often would just have to comment in our diligence report that this is based on Management's representation and that we did a historical analysis to confirm that it's materially accurate (or why it's not materially accurate and by how much it's off). I'm not entirely sure how this would work, but if I could make some sort of regression or predictive analytic that shows there's a decent chance that sales will materially drop and that a lot more inventory will be slow-moving/obsolete, that would probably be more useful both internally for Management to understand their business and for third-party consultants analyzing and presenting this type of information to financial statement users. My question is do you think taking a more quantitative/statistical approach will ever become the norm or a more important factor in accounting going forward, or will we continue to mostly look at accounts almost purely on a historical basis? [link] [comments]  | ||
| Opinions on which offer to take? Posted: 05 Apr 2020 09:40 PM PDT Hi everyone, I'm currently a college sophomore, and I recently got internship offers from several firms. I quickly narrowed my choices down to two of the big 4, but have been super indecisive for awhile about which offer to accept with everything going on in the world and my life right now. I was hoping some of you could give me some anonymous clarity on what you think is best. Offer A: Audit internship next summer. I recruited VERY heavily with this firm and got to know a good amount of amazing people. They were my first choice because I bonded with the most professionals at this firm on a personal level (something I thought would be very hard to do as a clueless 20 year old student). Conversations felt effortless and I've received great mentorship from people at firm A. I really love the people there, and I've felt extremely comfortable with them since nothing feels forced and they all genuinely want to help me. Offer B: Virtual internship this summer + internship next summer if I complete the first program successfully. I attended 2-3 events for this firm and spoke to a few people on several occasions and everyone was always really nice. I originally thought I didn't have a chance at getting an offer at Firm B since they don't recruit as heavily at my school, but I had the best interview experience with a partner and got the offer the following day. This firm would be giving me two summer experiences with pay, and they've been super attentive and accommodating, but I feel like I don't have as many "deep" connections with the people there. Everyone at school says choose the people, and the people I've met have been nice at both firms, but I feel more like myself with firm A and I know I would probably choose A if the offers were identical. On the other hand, firm B seems to have bigger audit clients in my market and the money from the internship this summer could potentially help my family if things get worse in the next few months. I'm very torn and would be grateful to hear what perspectives you all have. [link] [comments]  | ||
| Posted: 05 Apr 2020 05:53 PM PDT Need some help figuring out what concepts these questions are 1) Company was taken to court and had to pay 25k. Amount hasn't been paid yet 2) Depreciation of items was set at 10% on cost. For the past five years these were depreciated at that rate [link] [comments]  | ||
| Anyone else has Big 4 offer on hold? Posted: 05 Apr 2020 02:03 PM PDT I was contacted by a Big 4 recruiter earlier this week and was told that I passed my final round of interviews, but they have to put extending me an offer on hold to see how the whole COVID-19 situation develops. Is anyone else going through a similar situation? [link] [comments]  | ||
| Posted: 05 Apr 2020 04:28 PM PDT Do USA Big4 recruiters consider people from Europe at all? Currently second year associate in PwC, and I would love to try my chances in the US... Several reasons (bigger market, bigger office, salary, country etc)... [link] [comments]  | ||
| Extremely Nervous About COVID & Getting Sick, Advice Needed Posted: 05 Apr 2020 09:12 PM PDT Hey all, Bit of a novel here, sorry in advance: I was terminated from a public tax gig about 2 weeks ago, they were pretty over staffed and "weren't happy with my time on budgets" even though there was no formal warnings short of one or two quick return review notes that said "good job but try to knock the time down a bit." This was at a local firm. Anyways, they called me in the office to "swap out a laptop" as we were wfh, and a couple partners sat me down and informed me I was terminated instead. They didn't make me sign any final documents or anything, but I'm 99% sure I was NOT laid off as they had a "reason." Anyways, that same day, I contact the recruiting firm who got me this gig in the first place and inform the recruiter of what happened. She got me an interview the next day with another local firm, and within 2 days I had an offer. I accepted. Last week was my first week. It's not somewhere I see myself thriving, and it's a very, very old-school firm (Not paperless.) The most senior partners are in their mid 70s, one borderline senile. They don't seem to be concerned about COVID and are still making everyone come in, about 15 people. I've overheard a couple younger partners trying to convince them to let us WFH, but it is apparently not going to happen. I don't know much about the power dynamics/relationships between partners as I've only been here one week. It's a matter of time before one of them brings it in. The partners still get takeout food everyday for lunch and talk about the activities they're still up to, people and friends they're still meeting with, etc. They say they've closed the office to clients but one of the partners had a meeting with two separate groups of business clients this week after most everyone went home, around 5:30 pm. I'm just sitting there thinking wtf?!? The staff are much more concerned about the virus than management. ANYWAYS. Here's my dilemma: I'm grateful for getting hired, but I'm pretty terrified of the virus. I'm living with my girlfriend and she is in a high risk group due to underlying conditions. I also would really, really prefer not to contract this. I have enough savings to live off of for a 6ish months and I'm very, VERY tempted to say fuck it and wait this shit out at home and quit. I know this would probably be very stupid. I have 6 months experience and would obviously just leave this second firm off my resume for the future. I'd talk to the recruiting firm about my situation and I can't imagine they'd blacklist me considering these extraordinary circumstances. I also can't imagine I'm going to stick out when applying for future gigs for getting terminated considering the situation going on. I already called and asked my old firm what, if anything, they tell employers asking about references and they'll just give employment length and title. If anything, when one of these partners inevitably gets sick, there might not even BE a firm if one or two of the partners, god forbid, were to pass away. Sorry for the novel here guys, thanks in advance for your input. I just don't know what to do. I know it's hard to complain as things could be a lot worse and many people are in way worse off than me. This has just been eating away at me and I don't know what to do. [link] [comments]  | ||
| Posted: 05 Apr 2020 05:18 PM PDT So I have a degree in business administration. Originally I was going for a degree in accounting. It was going to take an extra year, which is not what I wanted. I only need five more classes to get it (cost accounting, advance accounting, double audit, and non gov). It was a huge mistake lol. So I want to go back to school and get it. I'm pretty busy with life, work and family. So I was thinking about finishing it up through an online program. Does anyone have any recommendations? I'm looking for a school that'll help me find a job afterwards. Also will the credits that I go from my business administration degree count towards the accounting degree? [link] [comments]  | ||
| Posted: 05 Apr 2020 03:35 PM PDT Can anyone elaborate on the DRS service line? I have a 2021 internship offer for PwC digital Risk solutions service line in data analytics and assurance and wanted to know about this area. Some questions I had:
I'd appreciate any insight on this topic that anyone has to share. [link] [comments]  | ||
| Accounting homework question: preparing a closing entry Posted: 05 Apr 2020 03:25 PM PDT Hello guys, I have an online homework that I am 16/17 of the way through with, but the last question asks for me to prepare a closing entry and I am confused on how to do that. I have the original entries and the adjusted entries, can anybody make sense of what the closing entry would look like? This link https://i.imgur.com/iN11OnF.png includes all the info + my work so far, I tried to make it straightforward. Also sorry if this is not the right place to ask! [link] [comments]  | ||
| Posted: 05 Apr 2020 03:06 PM PDT I've seen many job postings in the internet stating required "CPA" but that does not ignore the fact that CMA or other certification exist. I know cpa is public and c m a is management, but which one is better ? [link] [comments]  | ||
| Are Politics in Corporate America Better in Smaller Companies? Posted: 05 Apr 2020 04:13 PM PDT One of my colleagues got screwed over almost solely by corporate politics during YE on Friday. It was a disillusioning moment for me and I'm still trying to unpack it/figure out how I should position myself in the future, since right now isn't the time to be running away from employment. The long story short is the Senior Financial Analyst that's a year ahead of me at my F500 got shafted in his promotion cycle by another hire that's my age. Even though our SFA was really respected by most everyone in the department and was by far the hardest worker (FILO status) plus knowledgeable about his shit, he got passed over for promotion by the brand new guy. The new guy wasn't anything amazing to downright bad at the technical aspects of the job. He was really slow in excel, sometimes would say really stupid shit that's blatantly false (i.e. capitalizing the insurance policy for 2020 that we paid in full to the BS wasn't GAAP during YE), but he was really chummy with everyone and frankly a decent guy to hang out with. While we can't fully confirm this was the sole reason for the promotion, we found out that his family is really close with the CEO of the region and that he got along with him really well. Given that only one manager thought he was good and everyone else thought he was mediocre to bad (one of them really disliked him), while the senior above me got great reviews from all of the managers, we have to think politics had to play a role in the new guy passing the senior above me (and frankly myself for that matter) over for promotion. It doesn't help that the one manager who went to bat for him was also friendly with the execs while the other managers are mostly just "do my work really well and go home" types. My question is am I just a victim of a bad/unlucky situation or are corporate politics this shitty everywhere in the F500 world? What's disillusioning to me is that even a great review from someone who is very competent could hold less weight than a really good review from someone with more clout. Even if I were to scout out a new job, how the hell can I figure out if the senior manager/manager is highly regarded and could help me move up versus a boss whose opinion isn't super well-regarded prior to applying to make sure it's worth my time? Finally, are smaller companies any better in this regard or is it the same shit everywhere? It's just really hard to reconcile for me that I could be the hardest worker, be well-liked, get great reviews, and still get passed over for shit that's out of my control. How do you guys reconcile this type of crap? [link] [comments]  |
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