• Breaking News

    Monday, August 3, 2020

    Home Unlabelled Accounting Debit/credit in sad voice

    Accounting Debit/credit in sad voice

    August 03, 2020

    Accounting Debit/credit in sad voice

    Debit/credit in sad voice

    Posted: 03 Aug 2020 12:22 PM PDT

    Just received my MEC files

    Posted: 03 Aug 2020 10:08 AM PDT

    The intern talking about how much fun public accounting will be on his first day

    Posted: 03 Aug 2020 06:54 PM PDT

    “Catch Fraud, Not Feelings”

    Posted: 03 Aug 2020 10:47 AM PDT

    So the external auditor that's working for our company has a sticker on her laptop that reads "Catch Fraud, Not Feelings"

    Can I get some F for the gal?

    submitted by /u/BarbaXXL
    [link] [comments]

    Ah yes, the Book of Revaluations.

    Posted: 03 Aug 2020 08:21 PM PDT

    Every year this happens

    Posted: 03 Aug 2020 02:48 PM PDT

    Born to tax

    Posted: 03 Aug 2020 10:35 AM PDT

    Does anyone else find it extra hard to work long hours in a work from home environment?

    Posted: 03 Aug 2020 10:45 AM PDT

    Before, I had no problem working extra hours to get what we needed done, especially up against a deadline. But now, it feels super excruciating when I'm at stuck working from home. Maybe, because, I have this mental idea that once I'm home, I'm off the clock. In a telework environment whats billable and non-billable is super fuzzy. My work speed is super slow now and everything is a distraction.

    How do you deal with it?

    submitted by /u/ginger_bird
    [link] [comments]

    When I Grow Up, I want to be a Tax Accountant

    Posted: 03 Aug 2020 06:58 PM PDT

    Does anyone else struggle with the slow pace of work outside of busy season?

    Posted: 03 Aug 2020 08:42 AM PDT

    I work in Big 4 audit in a city and industry known for their insane busy season hours. The quarantine was imposed right when we signed the financial statements so it was a sudden transition from being stuck in an audit room for 12+ hours every day to working 6-7 hours per day at home. Obviously this was a welcome change at first but now I'm starting to lose my mind from the lack of mental stimulation and the increased load of housework.

    My responsibilities the past few months have been mostly box-ticking or chasing the client/our partner who have been ignoring my emails for the 6th time. Normally I'd pass time socialising with colleagues in the office or friends outside of work, but nowadays that's not really possible. I still meet friends sometimes but it requires much more advance planning and mental preparation. Not to mention the increased housework from staying home all the time...

    Nowadays my feeling towards work is bordering on apathy so even if I am assigned with proper work once in a while I can't bring myself to give it my 100%. I guess I could stimulate myself in other ways when there isn't much work but I feel guilty doing other things during work hours.

    Do you guys relate to feeling this way outside of busy season (especially during quarantine)? How do you deal with it?

    submitted by /u/Ratach
    [link] [comments]

    Been working as an audit consultant in EY for 7 months and I hate everything about it

    Posted: 03 Aug 2020 12:37 AM PDT

    Joining EY was the worst decision of my life. I used to work in logistics - it was a nice, chill office job that I was good at. Even the salary was nearly the same as in the EY - now they're even giving bonuses.

    ​

    I joined EY because my friend, whose girlfriend is also working in the EY, insisted that EY is glamorous and a big step in my career. Well fuck that. I have no education in accounting, finance, or math. I'm currently at a master's programme, studying business and technology.

    ​

    Everything started to go shit in May-June. I was lucky, or so I thought, when I had good projects with nice seniors. I got a lot of positive feedback from people I used to work with - that I was fast and I am capable of learning and so on. Then came the feedback session. I was given one great feedback, and one average feedback. I thought this was great.

    Then at some point, in the beginning of June, there was a meeting between managers and seniors, where they discussed the consultants. I have no idea what did they talk about me, but soon enough a meeting invitation between me and a partner appeared in my Outlook calendar. I didn't know what to think of it. It turned out that I was shit. I was "sloppy" and that I "clearly don't have an accounting background". That my "retain looks empty - it's because seniors don't want to work with you". The partner essentially asked me whether or not I would like to continue in the EY and if I do, then what will I do to improve myself? I basically told him that I will study accounting during the summer and shit, which I did not.

    ​

    Ever since the discussion with the partner, I want to puke every time I think of EY. I hate my job. I have been working as slow as possible because I dont want to go around and ask for more tasks, because "seniors don't want to work with me", as the partner said. I can't wait to leave this fucking company, it's full of lies and snakes.

    submitted by /u/Give_me_salad
    [link] [comments]

    Frustrated with industry momentum, considering going into public

    Posted: 03 Aug 2020 09:19 AM PDT

    Hi guys, wanted some input since I'm at a crossroads and am not sure how to handle it. I'm currently a staff accountant in name but basically only handling accounts payable work in a smaller industry company. $53K a year in a HCOL area. Been working here for 2 years, first job out of college. Trying to transition into either a senior accounting role or just another staff role but one in which I'm actually handling general ledger and "actual" accounting responsibilities in industry.

    I've been doing a ton of applying for the past 2 months but have come up with nothing, talked with headhunters and come up with nothing. Does it make more sense for me to start pushing to get an entry level job in public, grind out a year or two there, and then go back to angling for a higher industry role? With Corona is no one hiring and this is all moot anyway? Not really sure what makes the most sense.

    submitted by /u/thequirts
    [link] [comments]

    Does the mnemonics in Becker actually help?

    Posted: 03 Aug 2020 07:21 PM PDT

    Does it actually help during the exam. Specifically for FAR

    PUFIER

    ISTAR

    CAR IS BIG

    CPAS RIDE OR SIT....

    submitted by /u/IwillgoinGi
    [link] [comments]

    Infrastructure Advisory - Big 4??

    Posted: 03 Aug 2020 03:29 PM PDT

    Does anyone have any info on this Big 4 group? What the work is like? What are the hours? What is the pay like? I have searched this thread and really not found much at all but am curious because it sounds like a specialty practice. Any insight would be greatly appreciated

    submitted by /u/jcost1010
    [link] [comments]

    [CAN] At job 2 years now seeking career guidance/advice

    Posted: 03 Aug 2020 02:13 PM PDT

    Background: 33yo male, separated a few months ago, no kids. Got my CPA in 2015. Currently at my job 2 years working as a Cost Accountant, but doing the duties of a Senior Accountant. Mid-size company in the resource industry. Headcount is around 200-300 people. My old boss was let go recently, and my current boss just resigned and is leaving the company in 2 weeks, new boss was already brought in. Salary is $65k + ~$5-6k annual bonus paid out monthly installments. I do have some side income, through my rental property, but not great $$.

    I haven't been happy at my job for a little while. Just a build up of things over time. I was brought in on contract out of the gate, kicked ass at it and turned permanent early. While I was on contract, they brought a guy at my level for $20k more than what I was getting paid. Also found out I was fixing other people's mistakes in other departments and they were getting paid more than me. Promises of development/promotion/raise that didn't really come -- raise will come in September, but I don't know if it was what was allegedly put in for me (and not close to the $85k i want). Now, with the management shuffle, I kind of feel like I am being bypassed for quality work even though I have the CPA and one of the others doesn't. So I feel my days are numbered and it's time for a move.

    I would like to reach controller/manager within 2 years, though I am not sure that is do-able with the skillset I have. Ultimately, would like to get to a director level role, but happy at controller/manager type job making $100k+ and eventually build a side hustle or two from there.

    I have a pretty strong technical background. I am usually the go to guy for any coding questions or excel issues the AP team have. I was able to convince an old boss to put in a rigid close process and get it from 10 business days to 4. I have approved PRs, JEs, reconciliations, and payment batches. I review cost reports/income statements and analyzed them and I lead the month end close process. I even lead the monthly cost reviews and balance sheet reviews with management and corporate.

    What should I be aiming for? And am I ok to jump to a smaller company or stay at a mid-size a little longer if I want to grow?

    submitted by /u/cbdb41
    [link] [comments]

    How should I present myself as a 1-year post-grad?

    Posted: 03 Aug 2020 01:58 PM PDT

    I graduated last year with an accounting degree and spent the past year gaining some experience at a local small business CPA firm before getting laid off cuz of covid. Just completed 4/4 cpa exams.

    My goal is to break into PA audit, but I've always sucked at networking and presenting myself as a strong candidate (especially given my lackluster experience).

    How should I present myself and what should l watch out for as I try to network/apply for positions in this job market?

    submitted by /u/finding_a_way603
    [link] [comments]

    Save me from future failure

    Posted: 03 Aug 2020 04:23 PM PDT

    Hey accounting professionals. I am a recent high school graduate with a very odd passion for finance. Coming into my freshman year of university, im feeling sort of at a crossroads. I genuinely want to turn something im passionate about into a career and dont know the best route to take, whether that is a degree in finance, economics, or even accounting. I was curious if any of you had any general opinions about the space, especially with work/life balance, salary, education required (CPA) etc. Any advice would be greatly appreciated!

    submitted by /u/Jryanw11
    [link] [comments]

    should i take an offer from EY and graduate with my bachelors in finance, or stay and get a masters of financial management ?

    Posted: 03 Aug 2020 03:01 PM PDT

    i got an offer from EY for $57,000, probably around average for a finance undergrad. i'm also in this program that would provide me 3 internships with different energy companies and a masters of financial management from the same school i got my undergrad (A&M).

    do you think it is worth taking the extra 2 years and extra $30,000 of tuition to get my masters, and complete 3 more paid internships? or should i just finish up this EY internship and take the offer?

    submitted by /u/dawsonnn1
    [link] [comments]

    Phoenix, AZ market?

    Posted: 03 Aug 2020 07:26 PM PDT

    Hows the market in Phoenix, Arizona?

    Senior level looking for industry/public positions.

    Is 75-80k market range and what are the major industries?

    Used the search bar and looks like not many people are from Arizona.

    Thanks, Biggay

    submitted by /u/biggay696969poo
    [link] [comments]

    CFE Reading and Outlining Strategies [CAN]

    Posted: 03 Aug 2020 07:22 PM PDT

    Hi r/accounting,

    I am currently in Currently in Capstone 2 PEP module and upcoming writer for the Sept '20 CFE. So far I've been noticing I've been problems missing key case facts especially on Day 3 and Day 1 cases, which I believe it's related to my reading and outlining of the case.

    I started Capstone 2 using using the CPA sample method on a word documents which utilizes page number/Appendix, time budget, and ranking of requires but I switched to writing a skeleton of response after I found I was running into having a number of NAs (which so far has helped).

    What has me worrying is the fact in university had 50% additional time from academic accommodation but CPA is only giving 30 mins extra time (which prorates to 10-12.5% extra time depending on the exam day). Does any past CFE writers have suggestions on how they managed to improve their case outlines and reading?

    submitted by /u/bsauce97
    [link] [comments]

    CPA CFE

    Posted: 03 Aug 2020 10:18 AM PDT

    Anyone writing CPA CFE Sep 2020 would like to start discussion on exam preparation.? Any previous writers can also suggest tips to make an attempt easier.

    submitted by /u/kak60
    [link] [comments]

    Is the doubtful debts expense an operating expense?

    Posted: 03 Aug 2020 06:42 PM PDT
    Read more
    at

    No comments:

    Post a Comment