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    Accounting Oh you're an accountant

    August 02, 2020

    Accounting Oh you're an accountant

    Oh you're an accountant

    Posted: 02 Aug 2020 07:32 AM PDT

    This is really how it is

    Posted: 02 Aug 2020 07:53 AM PDT

    Sunday nights working in public accounting.

    Posted: 02 Aug 2020 06:58 PM PDT

    Also redditors discussing accounting matters on /r/politics

    Posted: 02 Aug 2020 08:15 PM PDT

    Inspired By the Other Person's Post

    Posted: 02 Aug 2020 08:09 AM PDT

    Photos of new hires during busy season

    Posted: 02 Aug 2020 06:28 AM PDT

    EY bank your bonus

    Posted: 02 Aug 2020 06:04 PM PDT

    Seen some other posts on the topic, but I have a promotion coming up in October and curious what you think about the EY bank your bonus program. For the uninitiated - this program allows you to bank your $5k senior bonus and on the third anniversary after promotion (typically when you make manager) it turns into a $25k bonus. If you leave before then, the original amount is forfeited.

    Right now I am not sure what my plan is - I could see myself sticking out to manager but then again...I haven't done a busy season as a senior yet. Others have said that you should take it, because even if you leave you can negotiate a sign on bonus of a similar amount. Is it fairly common for a big 4 expat to get a sign on bonus? Also $5k after tax and retirement is like half of that.

    So what would you do?

    submitted by /u/Zman534
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    What is Mergers & Acquisitions work like at Big4?

    Posted: 02 Aug 2020 05:05 PM PDT

    I'm really curious what M&A work is like. Practical insight would be appreciated!

    submitted by /u/1999Charz
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    Just got terminated

    Posted: 02 Aug 2020 04:48 AM PDT

    Hey everyone

    So last week while I was in the middle of working I get a phone call from HR that lasted exactly 1 min long saying that I was terminated effective immediately. Before they could hang up I asked why and they just said because of performance.

    After the phone call I saw I still had access so I messaged my performance advisor (who is also a manger) and asked if I could call them. Access was removed then I called and told them what happened and they thought I was joking and had no idea that I was being terminated and they would see why I was.

    After going back and forth with HR asking for more of an explanation and reasoning I just kept getting vague answers.

    What's really got me fucked up is the performance reasoning. I keep reading on reddit that people kinda knew their position might be on the line but this termination blind sided me completely.

    Never did I get any warning, indication, PIP nothing. You would think that if my work was so bad that they would terminate me right on the spot that my own performance advisor would know and would have told me this or that the managers or supervisors would have sat down and really had a talk about my improvement, I never got the indication from them that my job was on the line.

    So when I communicated this to HR they seemed surprised but then quickly apologized for them not communicating it but reiterating that it was because of performance. After that I kinda gave up getting answers and then just went with the process of my exit interview.

    This has left me so fucking down and just awful. I keep sitting here losing sleep over thinking what I did wrong and it's fucking me up.

    So I need advice

    • I was in a medium sized regional firm for a year before I was terminated from my advisory/it audit position

    • I have a Master Degree in Accouting (MIS concentration) and have all the requirements to take the CPA ( have my AUD schedule in September)

    • Because of covid, I saved money to hold me over for a year.

    • What's my next move/what would you do in my situation?

    • How do I stop feeling like complete shit and feeling useless and fucking stupid all the time?

    submitted by /u/Anxious-Anything-253
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    looks like someone forgot to pay the bills over at going concern.

    Posted: 02 Aug 2020 07:54 AM PDT

    When you trust recruiters about work/life balance

    Posted: 02 Aug 2020 08:31 AM PDT

    Fired from Tax Role

    Posted: 02 Aug 2020 07:22 PM PDT

    Hello Reddit,

    I am here looking for advice. I went into accounting looking for a second career (previously sales) but it did not workout. I never had an accounting job before and went right into tax for a firm (not Big 4) and had my struggles. I was not surprised I was fired, as there were a few returns I just struggled with. I am here asking if anybody has advice on the following:

    -recommendations for non firm (not audit or tax) positions

    -People who were fired and left accounting, what did you do?

    I appreciate any suggestions or advice.

    submitted by /u/SuggestionFew3216
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    The sad truth! We need to go back

    Posted: 02 Aug 2020 05:31 PM PDT

    [CAN] How many vacation days do the Big 4 give you per year?

    Posted: 02 Aug 2020 07:44 PM PDT

    08/3 Weekly Thread: Covid-19

    Posted: 02 Aug 2020 09:00 PM PDT

    This is a weekly mega-thread for items related to Covid-19. Covid-19 continues to have significant impact on the profession, as such posts related to Covid-19 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

    Firm Layoffs Bonuses Salary Partner distribution reductions PTO Honoring internship/FT offers
    PwC No Covid-19 layoffs planned Bonuses to be paid out based on firm performance No raises for non-promotes NA NA Yes
    EY No Covid-19 layoffs planned No fiscal 200 performance based bonuses No raises for non-promotes Yes NA Yes
    Deloitte 3% - 5% NA Tax - No raises for non-promotes Yes NA Yes
    KPMG No Covid-19 layoffs planned No fiscal 2020 variable compensation, encore awards frozen NA Yes NA Yes
    GT No Covid-19 layoffs planned No Bonuses No raises Partner draws reduced by 25% through July, leadership taking 20% salary reduction through fiscal year, partners to answer capital call NA NA
    RSM Layoffs, furloughs for underutilized LoS Possibly dferred, but to be paid out. Firm metrics based bonus paid at 70% No NA NA No PTO accrual for second half of 2020
    BDO NA NA 5% - 10% reduction from 5/1 to 8/1 Yes NA NA
    Clifton Larson Allen NA NA 10% reduction from 5/1 through 10/31 NA NA NA
    Moss Adams 300 Furloughed, 200+ reduced schedules NA 5% - 20% reduction 20% partner reductions NA NA
    Crowe Yes NA NA NA NA NA

    (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.

    submitted by /u/its-an-accrual-world
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    If someone is currently a senior in public accounting for assurance or audit and they cannot pass the CPA and have decided to give up on it, what are the next steps and prospective career paths forward?

    Posted: 02 Aug 2020 02:00 PM PDT

    Honda is reportedly deploying accountants to the assembly line

    Posted: 02 Aug 2020 04:26 PM PDT

    Starting a State Auditing Job Tomorrow

    Posted: 02 Aug 2020 01:38 PM PDT

    What will be the differences in the public auditing job and this job? Much more laid back? Thanks in advance.

    submitted by /u/FBGOVO100percent
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    AML jobs

    Posted: 02 Aug 2020 01:40 PM PDT

    Would anyone in the Anti Money Laundering field like to share what they do in their jobs and what a career in AML looks like?

    Thanks, An interested accountant

    submitted by /u/TurnDownForLunch
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    Advice on returning to public from industry?

    Posted: 02 Aug 2020 03:31 PM PDT

    Industry is a mess right now and will keep being a mess even months after we get a vaccine for coronavirus. Days ago I lost job, I've been gradually coping with it, will stay jobles til 2021 and severance pay wasn't enough. The company still legally owes me documents, without some of these documents I can't start looking for a new job.

    Anyways, I'm almost 27. I just want a stable job, I no longer care about the money. This job, fired, health and virus. Last year, fraud and company went bankrut, one shareholder went to jail. Before that almost 5 years of Big 4 public (two different Big 4s), then a year and a year in two different jobs (first jobs at 18 and 19). So my resumée is a a mess, I started working hard since 18, have made lots of mistakes. I've had good positions and salary but it obviously looks like I'm a job hopper, I've just been unfortunate, shouldn't have ever left public in the first place. Knowing the economy was critical since 2017. Like I really had a good stint at PwC, worked there for 2.5 years, but I was told "no more promotion next year, gotta wait at least two rush seasons more MAYBE company policy sorry"). I got reckless and I just quit. I no longer do idiotic things like this anymore. I'm calm and keep my composure.

    Public is stable as fuck where I live, got hundreds of people relocating into our offices, specially Big 4. Hundreds. I can see myself in public again, I just don't know what to do. I got a CPA, I got years of experience as a financial/internal auditor. Also in industry got experience on IT, software, processes, auditing software, fraud, writing manual of controls and procedures, restructuring department and processes and controls, and speak multiple languages. Lots of customer service. All my jobs have revolved around customer service, ever since joining public. So I can do a fuckton more than just audit, but my resumée doesn't even pass most filters. "This person can't work for more than 3 years in the same place, have had 6 jobs in almost 9 years).

    I'd appreciate any advice, going back to public since like the only reasonable think I can do. Not caring about money or promotions any more, just want a stable job, I'm willing to go back to slavery.

    submitted by /u/labradf0rd
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    Why am I still doing this?

    Posted: 02 Aug 2020 10:35 PM PDT

    As I begin my next CPA elective, I find myself fondly remembering the bookkeeping years when I still had a personal life.

    submitted by /u/bleuscreenofdeath
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    Please help with my dissertation on the benefits of r/Accounting

    Posted: 02 Aug 2020 02:15 PM PDT

    Hello all. I've lurked this community for quite some time and found some of the discussions that happen below the posts to be quite valuable and interesting. I've learnt a lot from them and its what has pushed me to pursue a career in accounting and has given me some valuable advice in terms of approach.

    I'm currently studying a masters in finance and business and am writing my dissertation. Due to my use of this community I decided to write my dissertation around the role r/Accounting may play in benefiting our careers.

    I therefore need some responses to my questionnaire by members of the community, I've cleared this post with mods before to make sure it doesn't break any rules.

    Please consider filling out my questionnaire to help me write the dissertation. It can be completed by filling out a simple Google form, I ask no personal questions such as names or emails and it should take less than 10 minutes to complete.

    Link: https://docs.google.com/forms/d/e/1FAIpQLSda6wvrntCjD3lRrieK49FEfUL5XmBqG3QdM-ktU8qg3fR5Ig/viewform

    Thanks in advance and be sure to share this around with friends if they are also members of the subreddit.

    submitted by /u/IntoxNitram
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    Any advice for first Accounting Job.

    Posted: 02 Aug 2020 03:37 PM PDT

    Tomorrow my first day any advice ?

    submitted by /u/darklion424
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