Accounting 05/18 Weekly Thread: Covid-19 and CARES Act |
- 05/18 Weekly Thread: Covid-19 and CARES Act
- We've come along way since the original 1040
- How billable have you been regularly?
- How did you start your accounting career? What jobs were you able to get without experience?
- Me whenever I catch Mike Brown, Michelle Mosha or Mario Perez looking at their 'cheat sheet' in a SkillMaster video
- What steps should I take to become an accountant?
- I suck at accounting
- Unlimited PTO - does it actually work for employees?
- Transferring from B4 in the States to EU
- Current Sophomore going into junior year resume. Thoughts?
- First Job out of college?
- Early big 4 exit to private Equity - would you?
- What else can I do to advance my career?
- Houston fellas!
- MBA After CPA
- Question on stimulus check?
- Need advice on resume, esp. those familiar with gaming revenue auditor position
- Are there government accounting jobs that doesn't require traveling?
- B4 senior , want to move to industry soon but...
- Big 4 employees, do you also think it's hard to make friends at work or am I also alone here?
- bank statement
- Question about Pennsylvania Character Reference Form
- [ASK]What kind of small proprietor would extend credit to customer?
- Does PA tax work count for for CMA experience qualification?
| 05/18 Weekly Thread: Covid-19 and CARES Act Posted: 17 May 2020 09:04 PM PDT With virtual finals coming up, the mod team would like to remind students of the subreddit rules, specifically number 3. That being said, any solicitations for assistance on exams will be REMOVED and posters will be be PERMABANNED, no exceptions. This is a weekly mega-thread for items related to Covid-19 and the CARES Act. Covid-19 continues to have significant impact on the profession, as such posts related to Covid-19 and the CARES Act should be posted in the comments here. Other Covid-19 related threads will be removed and posters will be directed to this mega-thread that will update every Monday. US PUBLIC ACCOUNTING UPDATES(While we recognize there are users from other countries that frequent r/accounting, the information for US firms tends to be the most prevalent and is applicable to the broadest audience) *Note that NA means no information available
(While we recognize there are users from other countries that frequent r/accounting, the information for US firms seems to be most prevalent and is applicable to the broadest audience) *Note that NA means no information available Got something to add about your firm? Leave it in the comments and we'll update the following week. Since this thread is likely to fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| We've come along way since the original 1040 Posted: 17 May 2020 03:19 PM PDT
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| How billable have you been regularly? Posted: 17 May 2020 08:19 PM PDT We're currently at 40 hour works weeks and have been told we're expected to be 80-90% billable during this time. I have been at least 85% billable every week with the exception of the last two weeks. I'm looking at 67% and like, 10% this past week. I have emailed multiple people every single day telling them that I'm running low, and now, that I'm out of work, and nothing. All of my work is sitting in review, and our reviewers are a month behind. I've cleared all of my review notes the day I get them, because obviously I have the time to do it. And no, I'm not eating my time or anything. I bill how long it takes me. I'm potentially going back into the office tomorrow and I'm anxious about this. I can't bill time to work I don't have, but I also can't help but be concerned. We also implemented budgets this year, and they are beyond inaccurate. They are budgeting us what they want to bill the client. My coworker was budgeted 8 hours for a return filing in 32 states. I'm just mindblown. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| How did you start your accounting career? What jobs were you able to get without experience? Posted: 17 May 2020 05:34 PM PDT | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 17 May 2020 08:32 PM PDT
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| What steps should I take to become an accountant? Posted: 17 May 2020 07:49 PM PDT I got my bachelor's degree in business administration a year ago but I haven't able to land an entry level office job since then. At first I was trying to get a position in HR but then I breached out to apply to every type of office job I could think of. Right now I think I should change my focus and try to become an accountant. I took 2 basic accounting classes in college and I didn't do very well in them, but that was because I was unmotivated and just needed to pass them for my major. Now that I'm seriously trying to land a decent job I'll be laser focused on studying and putting extra effort to understand everything. One of the main reasons why I'm interested in accounting right now is that I want to eventually apply for the FBI. I've read that they really like to recruit people with an accounting background to help them deal with white collar crimes, so I figure that I can gain experience in the field for 3 years and then apply. What are the steps that most people take to start a career in accounting? I know that getting your CPA is important but what happens after that? What types of positions should you look for after that? Can you work in accounting before passing the CPA exam? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 17 May 2020 07:04 PM PDT So I'm about to graduate with an accounting degree in June, but honestly, I suck at accounting and barely passed my classes because of luck. Accounting is boring and hard for me and I feel like I would be slow and not do a good job if I get an accounting job. I'm not sure if I should still try and find a job in accounting but I don't know what other job I would do :-( [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Unlimited PTO - does it actually work for employees? Posted: 17 May 2020 10:51 AM PDT Anyone have first hand experience with an unlimited PTO policy? Bonus if you're in public. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transferring from B4 in the States to EU Posted: 17 May 2020 05:01 PM PDT Hey there, I was just curious if anyone here has had experience with, or knows anything about the process of transferring offices abroad? Thanks! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Sophomore going into junior year resume. Thoughts? Posted: 17 May 2020 03:31 PM PDT
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| Posted: 17 May 2020 08:51 AM PDT Hi everyone! I'm a prospective accounting and ISM double major and wanted to know what your first jobs out of college looked like, and how you came across them? Salary and benefits would be awesome to know as well!! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Early big 4 exit to private Equity - would you? Posted: 17 May 2020 10:34 PM PDT Hi all, Long time lurker but always been a great fan of this page since my time back in college. I am an associate (1~2 year) at one of the big 4 who has recently received an offer from a private equity. While I am quite convinced that this is a good opportunity, I would like to seek some advice before making a move. I am in my mid 20s, working at a big 4, not CA qualified yet (you need minimum 3 years full time experience to become a fully qualified member). I have received an offer as a junior analyst in an Asian private equity with total assets under control 5 billion USD. This is not one of those high-profile US private equity like blackstone nor KKR, but has a fair bit of reputation in their local market. I have worked and lived in the country before and can fluently speak their language. Things that are making me excited about this offer: - I have been always interested in joining the finance industry, and this looks like a great opportunity to be involved in the sector. My choice to begin my career at big 4 was more like a 'safe harbour' option to grow my career at a high profile firm with extensive client interaction, but those of you who have experienced public accounting before, the job is pretty much reconciling between A and B for an endless amount of time. - The fund that has given me an offer is hiring for an analyst position specialising in a market (Infrastructure and real estate) that I am personally interested in. Things that are making me quite unsure of this offer: - I feel like I haven't worked 'enough' at big 4 yet, as I have worked just more than a year. I am not CA qualified, and the job that I am switching to won't give me the accreditation to my progression towards becoming a CA. - The pay is not great. I have heard that private equity is not about the salary but about the incentive you get, however the salary is lower than my current pay as a Big 4 associate. - I have to relocate to Asia again, which is going to be a huge hassle as well as being a risk. I am living by myself so there is no family that I have to move along, but relocation to a different country is a huge commitment. So, in all seriousness, would you guys make the move if you are in my position or would you give it a couple of more years? Thank y'all and stay safe. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| What else can I do to advance my career? Posted: 17 May 2020 10:29 PM PDT Hi all, Just some background info- I'm 24, graduated from an NYC school and have my CPA. I work at a mid sized NYC accounting firm, mainly working with real estate clients and do both tax and audit. My friend was talking to me about doing her masters and it got me wondering if I should as well. I did a random 30 credits to fulfill the 150 hours requirement for the CPA license. At this point, I am wondering if I should do an MBA or MS (maybe Information Systems?) and what school I should do it in. I really want to do it at NYU but the cost is so high compared to Baruch's. I feel like Baruch is very common so it doesn't seem too special to have that on my resume. I'm not too sure what I'd like to do in the future. I know I'll probably move into private around 30 but not sure what industry. I really thought I'd be done education wise when I got my CPA but I really don't want to feel any sort of regret when I'm in my 30s about not doing more when it'll be harder. My job does cover tuition but only $6K per year lmao. Baruch's cost is totally manageable though. I was going through some programs (Baruch, NYU, Pace) and saw most are pretty manageable in that they have online sessions so that's not too bad. Thanks! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 17 May 2020 10:28 PM PDT Hello! Would anyone here be from the Houston area? Would love to get to know some accountants from reddit in the Houston area, if you don't want to disclose that information.. completely fine! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 17 May 2020 08:06 AM PDT I recently completed my CPA, and I've become curious about completing an MBA. I believe I could do it quickly & cheaply via WGU (online program). Does anyone have any experience doing something like this? I have not clearly defined the career benefit for myself. However, I might be able to translate it into a chance to teach (junior college) and/or better earnings. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 17 May 2020 09:23 PM PDT I'm an RN and made about $80,000 last year gross income. I just received my stimulus check for $1200. My friend who is also an RN who made about the same as me, maybe slightly more received an oddly specific amount- something like $748 for his stimulus check. We're both single, no kids. He told me his accountant said he made too much last year to qualify for the full $1200 so his was reduced. How is that possible if we made about the same and how did they arrive at that oddly specific number of $748? Thanks. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Need advice on resume, esp. those familiar with gaming revenue auditor position Posted: 17 May 2020 09:15 PM PDT
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| Are there government accounting jobs that doesn't require traveling? Posted: 17 May 2020 09:14 PM PDT Hi guys, I'm an accounting student interested in government accounting. So far from what I've seen from browsing this sub and other sites, it seems most government accounting jobs require traveling? Are there any accounting positions in government that only require you to work in the office and not on the field? How hard is it to find such positions? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| B4 senior , want to move to industry soon but... Posted: 17 May 2020 09:15 AM PDT Hi guys. Despite the name (well actually username checks out ) I don't feel like I'm ready to work a good industry job yet . I'm 3 years Deep into B4 and I spend most of my time doing controls and SOX with the offices biggest client . My goal is to get a cushy industry job . Issue is my market (U.K, poorest region ) doesn't really have any 'big' companies to go into industry to. Most are small SMEs with like £10m revenue . I have a gut feeling that to hold a controller role in one of these companies you would need to know a good bit of payroll, bookkeeping , and generally the nitty gritty of accounting . I am actually considering moving into a smaller accountancy firm which gives a broader base with some accounts preparation and maybe a bit of tax too. I feel like for my region this might actually provide more of an edge than auditing SOX for another 4 years whilst not being relevant to companies in my region . Has anyone ever done this before? I worry that I could make a goof and screw my chances of a good industry position if I'm not careful [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Big 4 employees, do you also think it's hard to make friends at work or am I also alone here? Posted: 17 May 2020 08:20 PM PDT I've been working at a big four company for about 4 months now. I've been there and at some clients for like two months before the quarentine so I had the chance to meet a few people. Since I started I've always felt like people were so distant and cold. I think it's hard to explain but you know when you're the only one trying to make conversation, establish some sort of connection and trying to make friends and the other person just doesn't really care that much and just talks to you in the most uninterested way? This happened so much so far it's really starting to make me feel demotivated. I know it's work and I know people are under a lot of pressure most of the time but it doesn't hurt to try and be polite. I've always wondered if I was being that annoying guy that can't stop talking and bothering people trying to work but the funny thing is that I'm really shy and quiet and somehow I found myself trying to carry out conversations in moments like lunch or while we were bored out of our minds waiting for client files. What makes me kind of sad is that these people that are so distant kind of become someone else when they're around their friends, and there are a lot of little groups on my team, and I guess I'm that new kid in class all alone who doesn't have any friends. There are some cool people and ironically the managers and partners seemed to be so much more fun to talk to and they are also the ones that actually seem to care and try to make you feel part of the group, and not in a forced way bosses usually do, it does seem to be pretty genuine. Before accepting this job I worked at an investment bank and the way people interact and treat each other compared to a Big 4 is so, so different, it's almost like being in another country. I've made so many good friends, like friends for life you know, that we still talk regularly, and met so many nice and awesome people at my previous job but now I feel so alone at work. I don't mind the work or the hours but feeling so lonely like this is killing me and making every single day feel like a torture. I have almost no motivation anymore and I'm already considering leaving, at this point just waiting for things go back to normal to start looking for a new job. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 17 May 2020 08:19 PM PDT In a bank reconciliation, when the bank statement shows a credit balance, which of the following will be added to the balance as per bank statement? Select one: a. Interest charge b. Outstanding deposits c. Unpresented cheques d. Bank service charge [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Question about Pennsylvania Character Reference Form Posted: 17 May 2020 07:54 PM PDT I'm currently applying for the Pennslyvania Exam but am struggling with this form. I'm planning to move to PA from out of state so I don't actually know three people in the state that could sign for me and meet all of the requirements. Does anyone know if it's acceptable to use references from my home state? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| [ASK]What kind of small proprietor would extend credit to customer? Posted: 17 May 2020 07:50 PM PDT I mean what kind of realistic small business would do that nowadays? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Does PA tax work count for for CMA experience qualification? Posted: 17 May 2020 07:02 PM PDT Hi all, I'm a student going into B4 tax after I graduate at the end of the 2021 school year, and I am highly interested in doing an international rotation in the EU/moving permanently to the EU in a few years. I got a ton of time on my hands, and I can't begin studying for the CPA exam until the firm I signed with gives me the CPA study materials which my recruiter said would likely happen during the first few months of 2021. So I am thinking of studying for and taking both CMA Part I and II during all my free time before school starts up again, 1) to complement the CPA, 2) out of personal interest, 3) to get myself ready for the studying needed for CPA, and 4) to obtain another international cert for when I hopefully make my move to the EU. My question is, would tax work in PA meet the IMA's experience qualifications? (It is not specifically mentioned in the IMA's handbook, I know, maybe it counts somehow?) Does anybody have any experience with B4 work qualifying for the CMA? Any other advice? Thank you! [link] [comments]  |
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