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    Accounting How it feels working understaffed

    August 09, 2020

    Accounting How it feels working understaffed

    How it feels working understaffed

    Posted: 09 Aug 2020 05:20 AM PDT

    To all the students, recent graduates, and laid off workers:

    Posted: 09 Aug 2020 08:36 PM PDT

    Don't let sub reddit kills your hopes of finding a new position or studying for cpa, anything tbh. This sub is toxic in so many ways. We have people discouraging students to continue studying accounting, advising recent grads to go back to school and do computer science, and laid off workers too just give it up and change career.

    Do not listen to them. Majority of these people are just sad individuals. They're the people who think they're the smartest in the room, that they are way underpaid because they carry their whole department, when in reality they do the same work as there fellow co-workers. They're the people no one likes working with. These are the same people who shit on zoom conference calls because "they're unnecessary" then come to reddit and bitch about how alone they feel WFH.

    To those recommending students to switch major can ya shut the fuck up. If you think your degree is such a waste, stop being a pussy and go back to study your precious computer science. You're so quick to downtalk students of accounting but too much of a pussy to take actions on your own words.

    Lastly, we're in the middle of a global pandemic. So don't feel discouraged if you haven't been called back, fired, or taken or a pay-cut. Accounting is like many other careers, they have the good and the bad. Ive met some amazing co-workers, managers, and overall just great people within this field. I have also met some of the worst. Its just part of life. Dealing with it is what defines these situations. If you're anything like the whiny little bitches on this subreddit who care so much about what others think of them that they take what seniors, partners and managers say and believe, I'm sorry but thats just sad. So go ahead and downvote idc tbh. To the non-toxic people. You're amazing. To the students who've been advised to not study accounting, look elsewhere online for advice. This subreddit ain't it. To the pussies, fuck you

    submitted by /u/DaxtersLab
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    Partners taking home almost a mill to send PlzFix to staff

    Posted: 09 Aug 2020 06:47 PM PDT

    Footage of me following SALY

    Posted: 09 Aug 2020 01:48 PM PDT

    There is going to be a lost class of associates and seniors because of the B4s compensation decisions over COVID

    Posted: 09 Aug 2020 07:34 AM PDT

    It seems like a lot of people are are comparing the economic impact of COVID to 2008 to rationalize the B4 and mid market firms giving low to non-existent raises, even in promotion years. The issue is that the job market is still alright for white collar professionals (including accountants). As in, it might not be like shooting a fish in a barrel to get a job anymore, but with a little bit of effort, you can find one. The economic impact of COVID has really fallen on blue collar and low skilled workers.

    SOOOO, the B4 leadership is assuming people will "put up" with low raises like they did in 2008 because the economy is bad. I seriously think they are overplaying their hand. I left the B4 during COVID for a way better job and I know a few other people who have as well. Now, the remaining people at my office are working busy season hours during the summer and are going to be "rewarded" with being able to keep their job? I don't think that is going to fly.

    Anyways, I think there is going to be a massive hollowing of associates and seniors that is seriously going to bite the B4 in the short term, more so on the senior side. The idea that a recently promoted senior should be paid a few thousand more than a new associate is a joke and most won't put up with it. I was personally planning on staying until manager until I realized I would be giving up a significant amount of income to do so due to COVID.

    submitted by /u/AshamedPanguin
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    Starting my first day in industry tomorrow. Wish me luck

    Posted: 09 Aug 2020 05:21 PM PDT

    I don't live in a huge public accounting area, so I looked for positions in industry (small DoD/ software city), and got a position at a software company that people have had nothing but good things to say about. I had 9 months of public but it wasn't an environment anywhere near as bad as some of you guys, but I still got out as quick as I could ;). Wish me luck as a new project analyst!

    submitted by /u/Spritesgud
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    [LinkedIn] Here's a picture of my laptop and extra monitor I used during my internship. Shout-out to everyone who made this set up possible. These two virtual weeks have been transformative and wisdom-attaining. Now give me praise.

    Posted: 09 Aug 2020 07:07 PM PDT

    Looks like my accounting degree was a waste

    Posted: 09 Aug 2020 04:37 PM PDT

    EY Tech MBA on par with Harvard Business School or Stanford MBA?

    Posted: 09 Aug 2020 06:43 PM PDT

    Hey guys, I was planning on applying to HBS and Stanford for business school to go back and get my MBA. Right before I clicked to start my applications, out of the corner of my eye I saw a blurb about the EY Tech MBA being offered. I came to a screeching halt and closed out the windows for my applications and have now enrolled in EY's prestigious business academy!

    Would you say the rigor and prestige of this program matches that of these business schools? When I think of all the money I could have been wasting on these programs, I'm delighted that my firm cares about its people enough to provide this wonderful program in spite of us not getting raises this year.

    submitted by /u/WeLoveOurBoy
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    Applying ASC 606 to hooker services

    Posted: 09 Aug 2020 07:47 PM PDT

    Trying to figure out the accounting for multiple performance obligations bundled together as a package deal service in one-hour time slots. Can someone help me to assess the stand alone selling price for some of these? Trying to figure out when to recognize revenue, if it's upfront or over the course of the hour, etc.

    submitted by /u/WeLoveOurBoy
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    If you could go back in time and add a double major to your accounting major while going on the same CPA path, which major would you add?

    Posted: 09 Aug 2020 05:56 PM PDT

    Asking because I plan on pursuing a second undergrad after my accounting undergrad.

    submitted by /u/ironlantern18
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    Tales from your B4 Disney Indoctrination Trip

    Posted: 09 Aug 2020 05:46 PM PDT

    A tradition enjoyed by many rising B4 interns is the infamous Disney retreat. My understanding is that in the wake of the last recession, a few classes of interns didn't receive this privilege but it was commonplace for all B4 firms back in the early 2010s. I imagine this tradition is again suspended.

    Mine was three days. We stayed at the Grand Floridian (my understanding is the area where corporate retreats are held isn't as nice as the regular guest rooms at GF).

    It was a good time although the official activities such as "scavenger hunts" and team building stuff kind of killed the buzz. More unstructured free time would've been nice. A buddy and I snuck off to ride rides and avoided official activities when possible.

    What amused me was the admonition, delivered at a pre-event orientation in our home office and reiterated several times upon our arrival, that we should NOT go crazy, break rules, or get hammered, and that we could lose our full time offers if we did so. This message was delivered multiple times but must not have penetrated the skull of one intern from St Louis who got drunk late one night, ran into a wall, knocked himself out cold and had to go to the ER.

    I was a little older and married during the trip, but I could tell that the younger interns were itching for a wild time and that the firm was closely monitoring everything to ensure not TOO much fun was had.

    Any tales of absolute debauchery, hedonism, embarrassment or shame from your B4 Disney trip?

    submitted by /u/LonnyTroutsniffer
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    Best accounting firm (culture/WL balance/$) in NYC to start your career at?

    Posted: 09 Aug 2020 09:48 PM PDT

    Audit. Thank you! Graduating college next year and looking into these firms.

    View Poll

    submitted by /u/sportsguy2781
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    Anyone in B4 Tax thinking we will be able to expense WFH meals this coming busy season?

    Posted: 09 Aug 2020 10:39 AM PDT

    I am single handedly keeping UberEats in business

    submitted by /u/Red_Rifle
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    When one person on the team works twice as much as everyone else, does it make everyone else look bad? Or does it not matter?

    Posted: 09 Aug 2020 01:02 PM PDT

    I'm talking about taking no time off in 2 years, working every weekend, joining every call, sending emails in the middle of the night, and going into the office everyday in order to get away from their spouse/children and therefore focus better.

    I mean, kudos to this person for being so diligent, but does this make other people look bad? Should I be a little concerned that there's someone on my team who's like this?

    submitted by /u/cornisawesome
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    Hiring non citizens as independent contractors?

    Posted: 09 Aug 2020 07:06 PM PDT

    I have a small LLC and was looking to hire an independent contractor that isn't a US citizen. I know this person from previous outside work so I trust them.

    ​

    Is there a certain form they need to fill out that vouches that they are not citizens? Or any other special forms other than the contract itself that will protect my company from the law?

    submitted by /u/Dml33
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    When to start studying for CPA/how does it even work?

    Posted: 09 Aug 2020 05:17 PM PDT

    Hi, I'm going into my last year as an accounting major. I don't know how the CPA works at all, as I don't have anyone I know who has done the same path. My school is pretty useless in being informative as well as I didn't even know I needed 150 credits until last year. I had to cram classes in because I can't afford to take another year. I made it work and I will be graduating with 150 in May.

    I just don't know where to even begin with preparing or when I should start. I was an accounting TA last year and some of the seniors were even taking the exam during the second semester. I know I can Google this information but I feel overwhelmed. If anyone can help and give advice, I would greatly appreciate it. I am a first generation college student and have stumbled my way through college and now it's my senior year, so feeling a bit lost!

    submitted by /u/anxious_abcde
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    Needing CPA Advice

    Posted: 09 Aug 2020 06:16 PM PDT

    I'm a recent grad who has finished all my unit requirements and will start in January with a very good firm in L.A. At the moment I'm basically making minimum wage working a job not accounting related at all. While it is nice to save some money, is it worth it to quit until January (I am living rent free until then with some money saved up) in order to study and pass the CPA exams? Is it good to treat like a full time job and would my soon to be employer potentially see a problem in me not working for four months in the lead to coming in? Thank you.

    submitted by /u/iwantakebab14
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    Can you consolidate proportionate share of revenue of 50-50 JV under IFRS?

    Posted: 09 Aug 2020 04:10 PM PDT

    As far as I know, the Equity Method means you add the net income / remove the dividends received from an associate from the balance sheet value. However, is there a case where 50-50 JVs or Associates accounted under the equity method can be consolidated proportionately under IFRS?

    submitted by /u/RickndRoll
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    Forensics/advisory to industry?

    Posted: 09 Aug 2020 04:50 PM PDT

    So I've been doing forensics a little over two years now and I've been thinking about getting out of forensics as it's very niche. I went on a few interviews and I feel like I'm branded as a forensic accounting guy now.

    Did any of you guys switch from forensics/advisory to industry? How did you answers questions like why do you want to switch?

    What was the transition like? I never wrote a journal entry after college. Should I try for a senior position in industry or staff? Any insights would be great

    EDIT: already have my CPA

    submitted by /u/SqueakyDoors
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    Looking to pivot into Accounting for a career

    Posted: 09 Aug 2020 04:16 PM PDT

    I'm in education and nearing burnout. I've been thinking of a backup career and have been considering accounting. I have enough college credits for the CPA exam and I'm gathering you technically don't need a bus/acct degree, as long as you have credits. I'm also logically-minded and detailed-oriented. I'm planning to take classes and study up as much as possible; I enjoy learning and like being a SME.

    But I don't want to work at any Big4. I prefer to stay in education or non-profits (since I know the culture well). Would this plan work IRL?

    submitted by /u/imahjg
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    When People Bitch About Working Long Hours, Despite Being Fully Aware That Long Hours Were A Requirement Of The Job When They Accepted Their Offer.

    Posted: 09 Aug 2020 08:15 AM PDT

    US CMA

    Posted: 09 Aug 2020 10:09 PM PDT

    Hi guys, I have latest BECKER US CMA prep material which includes videos and books with online access to MCQ'S and test prep. It retails for $1300. I can provide in $800 . Contact ASAP

    submitted by /u/luciddsphinx
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