Accounting Everyday |
- Everyday
- Explaining work-life balance in the nicest way possible to people in public accounting.
- $25-38k with a masters and no benefits?
- [RANT] Intermediate Accounting II makes me want to pull my hair out.
- Have you guys heads about this? This whole area of accounting is new to me
- Is it me or them?
- Is anyone concerned about losing their job? This question goes for anyone, Big 4 and industry.
- Firm started posting our chargeable hours and utilization metrics for the whole department to see, happening to anyone else?
- To the people who put in crazy hours in public during busy season, was it worth it?
- When you ate 50 hours but the partner calls you about going 5 hours over budget
- Official breakfast of clients who think they can recognize 2020 revenue in 2019 because there was an “implied agreement” in place that the client wanted to order before year end. True story. WTF
- Day to Day life in transaction advisory at big 4
- Billing the shit out of clients to tick and tie
- Tax peeps: what is the policy at your firm on listening to podcasts/music while at work?
- How did you feel when you finally earned the CPA?
- Did anyone else hate their accounting courses?
- Did anyone have no idea what they're doing in their first job?
- 'Unconscionable': MA Man Charged In Nation's First PPP Fraud Case
- Transition from public accounting to industry
- How are tattoos perceived in the work place?
- Accounting Battlestations
- Offer rescinded for January; what should I do?
- Is there discrimination against Asian-Americans in public accounting?
- When should I email the employer about my offer letter?
| Posted: 05 May 2020 12:58 PM PDT
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| Explaining work-life balance in the nicest way possible to people in public accounting. Posted: 05 May 2020 09:03 AM PDT
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| $25-38k with a masters and no benefits? Posted: 05 May 2020 01:05 PM PDT
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| [RANT] Intermediate Accounting II makes me want to pull my hair out. Posted: 05 May 2020 06:49 PM PDT Am I even alive? I read the book. I take notes. I do 100 million practice questions. I focus on "understanding" the material, yet, each new problem launches me into an abyss of confusion and it's as if I've never seen any of it before a day in my life. I'm utterly demotivated. I mean, I've been studying consistently for days and all I have to say is this... About to take my final in a few days and literally extremely stressed... I don't think I'll ever be a competent accountant. I don't truly understand any of this stuff although I try. I just feel like it's all superficial knowledge that's about to crumble. [link] [comments]  | ||
| Have you guys heads about this? This whole area of accounting is new to me Posted: 05 May 2020 08:41 PM PDT
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| Posted: 05 May 2020 07:07 PM PDT I've been questioning myself since Day 1 with big 4. Why these people work so damn hard, at the expense of their own health, life and even family? I mean I'm a very responsible person, I suffer like all and I get things done. But working beyond 80hrs a week is something I would never do. But apparently some of my coworkers can and they aim for perfection. Some are clearly on drugs. So Why? Do they really enjoy this job? What motivates people? Maybe I'm the sick one, I just want to get out as soon as the corona thing is over. [link] [comments]  | ||
| Is anyone concerned about losing their job? This question goes for anyone, Big 4 and industry. Posted: 05 May 2020 05:00 PM PDT Hi everyone, we got a message from our CEO today that didn't say anything specific but if you read close enough it sort of hinted at potentially "cutting costs" in tough places. My company, hopefully not giving anything away here, has a strong Parent but itself has been negatively impacted by COVID in different ways. Ordinarily, I would say Accounting is recession proof, stable career and all that. However, I left Big 4 last year for an industry gig and I'm starting to wonder if the area I work in is essential to the company or not. Well, I guess even if it is essential, I wonder if they can afford to cut down the team. Anyone else having similar worries? Is is appropriate or even worth bringing up to superiors or should I just start answering recruiters on linkedin? [link] [comments]  | ||
| Posted: 05 May 2020 12:47 PM PDT I work in public, B4, and my department has been micromanaging the lower level staff. I was fine with predicting our hours weekly in a google doc, but now they're posting our actuals, including peoples' sick. days, etc. for everyone to see. I know they're working hard to manage the resources, and keep everyone's utilization up, and I'm appreciative of that. At the same time, it honestly feels uncomfortable. I'm grateful for a job, and I'm open to any perspectives on this, but at the same time I'm confused/overwhelmed with it. Any thoughts/similar situations? Edit: since it seems like this is more normal than I thought, why do they do this? [link] [comments]  | ||
| To the people who put in crazy hours in public during busy season, was it worth it? Posted: 05 May 2020 08:47 AM PDT My understanding is you don't get paid overtime usually? So your salary is the same regardless? Or am I mistaken? Also, behind the pay. Do you feel the insane hours were worth it, truly? [link] [comments]  | ||
| When you ate 50 hours but the partner calls you about going 5 hours over budget Posted: 05 May 2020 01:06 PM PDT
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| Posted: 05 May 2020 08:56 PM PDT
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| Day to Day life in transaction advisory at big 4 Posted: 05 May 2020 03:25 PM PDT Can anyone who has worked in transaction advisory at big 4 share a summary of their day to day work while in transaction advisory in a big 4 firm? I've heard that the service line is often used to supplement the audit team in evaluating large transactions but also heard it is like M&A. I may be misguided so can anyone clarify? Also, given the economic circumstances right now, is transaction advisory something that will expand in the next few years as more companies are bought by better equipped companies? Thanks! [link] [comments]  | ||
| Billing the shit out of clients to tick and tie Posted: 05 May 2020 09:00 AM PDT I work as an associate for a small forensic accounting/consulting firm. Most of our business is corporate litigation, with clients ranging from F500 to small local businesses. The partners are in their 50s and very well respected in the field. This is the best paid job I've ever had. I was really excited about it. However, the firm is archaic in the way it operates. We put work papers together in Excel, but everything gets printed from there and ticked by hand. Every hard coded number. Every formula. Sometimes it's 100 pages. I spend at least 50% of my billables doing this. I am like a human calculator checking the work of a computer. At my prior firm, we ticked all hard coded numbers too. But we did it on screen and signed off on it. Then we checked the formulas and other elements. It was maybe 10% of my billables. Am I crazy or is my well respected firm billing the shit out of clients for my work? I absolutely hate this job. [link] [comments]  | ||
| Tax peeps: what is the policy at your firm on listening to podcasts/music while at work? Posted: 05 May 2020 12:43 PM PDT | ||
| How did you feel when you finally earned the CPA? Posted: 05 May 2020 10:24 AM PDT Years ago, being able to add those letters after my last name made me feel like I made accounting my bitch. Now, I think "big deal". [link] [comments]  | ||
| Did anyone else hate their accounting courses? Posted: 05 May 2020 06:50 PM PDT This may just be a uni thing but I remember that I hated accounting in my college experience. It may just be me as I realized early on how much I suck at it. That being said; I do think alot of my complaints are legitimate. For context; I started in community college. Accounting wasn't my favorite set of classes, but I still enjoyed them and felt I learned the matieral quite well. Once I got to uni however..... Here are some of the reasons I hated the accounting program. 1) I had professors who said they didn't think they were doing theit job if I had a social life. 2) It was common for professors to scarcely or not go over problems. 3) Some of the problems weren't in the book or covered by him. 4) This is relatively minor but I'm not sure how making us memorize three sentences verbatim is a good use of our time. 5) The time limit on tests made it extremely difficult even when you knew the material very well. 6) The professors were known to arbitrarily ban students from switching out for shits and giggles. 7) Most class time was spent going over PowerPoints from the book publisher which could be learned relatively easily. 8) Goddamn online courses. I'm sick of getting dinged for putting - instead of (). 9) The sheer amount of homework. I know this is a hard degree but it just got so demoralizing having to listen to other people talk about how they were going to have fun and enjoy themselves on their free time; I had to spend that in the library. I felt guilty for taking just two hours off after a test to watch a movie or something. 10) Switching test dates last minute meaning I had to cancel any chance I'd have to spend with my friends. 11) Thirty hour projects over one weekend. 12) Only top five people allowed A's. 13) Sheer amount of homework every day limited time to study for a test or do a project in advance. 14) Some professors insisted on coming up with an excuse to keep you in even if they were done; others would dismiss class after 15 minutes every day. 15) A professor who in four years of retail still stands out as one of the rudest men I have ever met. 16) Being knocked down for spelling of archaic details he specifically said would not be on the test. 17) I was worried he'd knock me for formatting so I asked how we wanted it during his office hours; I did it the way he wanted and still got knocked down. 18) Creepy professors; one would stare at your chest (if you were female) while he graded your homework. My ex took classes on the other side of campus and she had heard about his perviness; I had a friend say she only passed because she was a girl. 19) Abelism; my friend with celebral palsy was knocked down for using a podium to give a presentation instead of standing. 20) Getting fired from my part time job because I needed time to study. I don't know I'm just being spoiled; but I really hated my college experience. Part of this is me venting; I spent the entire time stressed, deppressed, and feeling utterly alone. I can recall one time when I almost broke down crying when a dog started licking me; it was the first time anyone was glad to see me in months. I just felt so stupid because I struggled so much. Worst part is after all that I couldn't even find a half decent job. To be fair; my life almost always sucks, and some of this is on me but I feel like the focus shifted from teaching you the skills to just bombarding you with material; coming up with anyway possible to amp the difficulty, and seeing who's left standing. I don't know if I'm the only one who felt like this; but I can say I didn't enjoy my time there and it's one of the many reasons why I have a drinking problem. If you think I'm lazy, stupid, or something else disparaging; give it your best shot. I currently do retail so I take constant abuse on a daily basis and I hate myself more than you can imagine. [link] [comments]  | ||
| Did anyone have no idea what they're doing in their first job? Posted: 05 May 2020 05:12 PM PDT First real job, second day. I am a very driven student with decent grades and a lot of extracurriculars but my new job is already giving me anxiety. I was told to read about all the processes I will be doing and its over 50 pages of steps. It has terms I don't know, applications i've never heard of, and complex spreadsheets. I was also given a book about oil and gas and my manager left all this to me saying "happy reading". Apparently I'm not expected to memorize everything but I just feel so lost and have no idea what I'm doing. There is so much information I feel like I should know and I feel like I will disappoint my team who are so nice to me. tldr; First job, given a bunch of things to read and everything is unfamiliar and makes no sense. My brain is fried. [link] [comments]  | ||
| 'Unconscionable': MA Man Charged In Nation's First PPP Fraud Case Posted: 05 May 2020 01:20 PM PDT
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| Transition from public accounting to industry Posted: 05 May 2020 06:03 PM PDT I have the opportunity to possibly take an accounting job in the real estate industry. For those that have left public accounting for industry, was your transition smooth? [link] [comments]  | ||
| How are tattoos perceived in the work place? Posted: 05 May 2020 05:46 PM PDT | ||
| Posted: 05 May 2020 07:53 PM PDT Given so many of us are working from home, has anyone made the investment of a nicer desk and monitor setup? [link] [comments]  | ||
| Offer rescinded for January; what should I do? Posted: 05 May 2020 03:51 PM PDT Hi all. I don't get it. I have a perfect GPA, work experience, stellar extracurriculars, and great references. I was called by a small regional firm today to let me know that my offer, along with the other incoming staff for January 2021, was being rescinded. Is the market really that bad right now? I checked with some of the other staff (we interned together) and they, too, had their offers pulled. What do I do? Who is hiring? Could I start my own bookkeeping/elder bill paying thing upon graduation? What options do I have. [link] [comments]  | ||
| Is there discrimination against Asian-Americans in public accounting? Posted: 05 May 2020 07:35 PM PDT I read about this bamboo ceiling existing in tech, law, finance, and other professional industries. It basically says that while it's easy for Asians to break into those industries, it's harder for them to get promoted to middle or upper-management. I have never met anyone in real life who has claimed this, but it supposedly exists so I just wanted to ask. I figured in NYC and the West Coast it wouldn't be a big issue, but what about less diverse places? [link] [comments]  | ||
| When should I email the employer about my offer letter? Posted: 05 May 2020 02:17 PM PDT I have offer letters from a few places and a verbal offer from a B4 that is supposed to come in today, my deadline on my next favorite firm is the 8th, so basically I don't want to lose that with out written confirmation of the job. [link] [comments]  |
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