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    Accounting PwC Bonus Comp Thread 2020

    August 31, 2020

    Accounting PwC Bonus Comp Thread 2020

    PwC Bonus Comp Thread 2020

    Posted: 28 Aug 2020 12:44 PM PDT

    1. Service Line
    2. Position
    3. Market
    4. Tier
    5. Bonus amount
    submitted by /u/Desperate-Tourist779
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    Hits close to home

    Posted: 31 Aug 2020 05:47 PM PDT

    You gotta stop grinding and get some sleep guys! Just like Lebron. It makes no difference that he’s nearly a billionaire.

    Posted: 31 Aug 2020 01:10 PM PDT

    I got laid off today

    Posted: 31 Aug 2020 02:51 PM PDT

    I'm sad about it. Got a baby on the way too. I'm lost and don't know what to do.

    submitted by /u/GrumpyDrunky
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    Dating as an Accountant

    Posted: 31 Aug 2020 05:46 PM PDT

    Every single Enron & Arthur Andersen documentary

    Posted: 31 Aug 2020 10:28 AM PDT

    Everyone is a tax expert

    Posted: 31 Aug 2020 04:32 AM PDT

    Me trying to get that promotion and increment I was promised last year. From "You were ready for this promotion in December" to no promotions till July 2021. Feels bad man.

    Posted: 31 Aug 2020 10:41 AM PDT

    That time of year

    Posted: 31 Aug 2020 05:01 AM PDT

    And the deadline is around the corner...

    Posted: 31 Aug 2020 07:03 PM PDT

    My wife ladies and gentlemen ��

    Posted: 31 Aug 2020 03:20 PM PDT

    I feel like i'm bullshitting my way to an accounting degree

    Posted: 31 Aug 2020 05:35 PM PDT

    I'm a 3rd yr accounting student from a fairly well-known school and tonight I found myself completely lost in my Intermediate 2 homework. I can't think of a question I didn't have to google in my past few assignments. And not just that, my roommate asked me for help on his Principles homework and I felt almost as lost as when I was in Principles myself. I'm applying for internships as I write this just shit scared of the fact that I might be way in over my head. I mean, I still get A's and B's but I feel like my knowledge just doesn't match. I really do think accounting is the path I want to take but I'm just thinking that if I can't comprehend college education, then there's no way I'm getting my CPA or even becoming a good accountant. Idk if I want y'all to say I'm overreacting or that I'm a justifiable idiot, but there's a lot of actual professionals in here so I thought I'd see if anyone has felt the same way at same point.

    submitted by /u/Vuil_Rekening
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    Scanning Pain... Now to put them all back in.

    Posted: 31 Aug 2020 06:20 AM PDT

    Just not feeling this work today

    Posted: 31 Aug 2020 08:52 AM PDT

    The homies HATE working

    submitted by /u/Moe787277
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    To the Canadian CFE Writers

    Posted: 31 Aug 2020 02:07 PM PDT

    Just upfront, I don't speak for CPA Canada, nor do I work for them. Just some general tips here:

    -Do NOT take shortcuts. You don't really get credit for the "right" answer, you get credit for the work you performed to get to the answer (whatever that may be, so long as it is consistent with your analysis). What does that mean:

    Don't be a lazy ass and re-use calculations, like EBITDA normalization for tax payable and vice versa. That just highlights that after a four year degree and 5 modules, you still don't understand that there's a difference between net income for tax purposes and net income for accounting purposes.

    -For your qualitative analysis, it may seem obvious why/how something is a pro or con, but do not assume. Spoon feed it to the marker. Don't just say "cash flow is certain". Go one step further and say "Cash flow is certain, meaning that you will be able to retire immediately without waiting until the transition period is over". Or instead of saying "free publicity on website", say "free publicity on website through the publisher, which will result in wider outreach and marketing expense savings for the business".

    Again, don't be lazy and take shortcuts. Explaining the impact on the user is the difference between A and D on qualitative AOs. As a rule of thumb, if you have less than 10 words, you are probably still at A and not at D.

    -CDs are worth the same as Cs. So 2 C's are worth more than one CD and one RC. Don't waste your time going above and beyond.

    -Attempt EVERY assessment opportunity on Day 3. If you get CD on 5 AOs and NA on the 6th, you will fail Day 3 and the CFE if that subject area is not covered in another AO and you don't ace it. It's about demonstrating breadth, not about demonstrating that you're genius in 5 of the subject areas and a loser in the 6th. You being a genius on assurance will not make up for the fact that you didn't attempt the tax AO.

    -Conclude your work. Holy shit, it can be something as simple as "Taxes payable are $XX,XXX.". You generally won't achieve C on any AO without a conclusion (I've maybe seen a couple AOs out of dozens of cases).

    -Use bullet points and provide a balanced discussion. You doing twice the necessary work for one option will still only get you the maximum credit available for that option and no credit for the second option. It won't get you to C.

    -Don't go balls deep on demonstrating that you know one specific area like non-capital losses. Talk about that a bit and capital losses, and donations and the like. Remember, Day 3 is about breadth, not depth.

    -Read the case facts carefully. Don't assume it's a corporation when it's a sole prop or vice versa. Generally, tax calcs for corps are a bit more lax on day 3, as depth isn't required so you can estimate tax rates. For personal calcs, you're expected to use the rates available to you.

    -It's unbelievable how many people don't do the above. Hopefully this reassures those who do that this is their competition and feel a bit more confident. Overall, remember that there's nothing they can ask you that you haven't already dealt with at some point before on some case , or at work or at university.

    submitted by /u/matinara
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    Me watching anyone do anything manually in Excel.

    Posted: 31 Aug 2020 08:33 AM PDT

    WFH perks

    Posted: 31 Aug 2020 12:40 PM PDT

    Mine is that you can scream and yell out your frustrations anytime.

    Like, ANDREWWWWWW WHYYY

    submitted by /u/_BoredAccountant
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    The dumbass conversations you have with coworkers in public accounting

    Posted: 31 Aug 2020 12:18 PM PDT

    USA Executive Order for EE Payroll Tax Deferral - effective 09.01.20

    Posted: 31 Aug 2020 02:27 PM PDT

    https://www.cnbc.com/2020/08/31/the-payroll-tax-holiday-takes-effect-sept-1-what-it-means-for-your-pay.html

    To anyone else who manages payroll/HR in industry...are your heads spinning over this?

    We have no guidance from our PEO on this, we don't know what to do about this. is it a company election? is it an EE election (this is what it seems to me)?

    what are you hearing with your teams in regards to this action?

    submitted by /u/moodyfloyd
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    Crazy to not accept this job?

    Posted: 31 Aug 2020 07:58 PM PDT

    Currently a B4 tax senior, burnt out and got shafted in recent comp release like everyone else. Just offered a position with IRS that would be a >60% bump. This position seems like everything I'm looking for and seems like it would still offer challenging work but worried about being pigeonholed and ability to pivot out if it doesn't work out.

    submitted by /u/throwwwawayyy190
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    Tell me it’s not just me

    Posted: 31 Aug 2020 10:10 AM PDT

    'The integrity of the firm is gone': Deloitte, KPMG staff angry at pay cuts

    Posted: 31 Aug 2020 08:54 PM PDT

    Business management and marketing gen-eds feel extremely useless

    Posted: 31 Aug 2020 04:16 PM PDT

    many things taught feel like common sense, or could be condensed into an hour long workshop

    submitted by /u/ChefWardell30
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    Just graduated A.S. in accounting, cant find job that does not require experience.

    Posted: 31 Aug 2020 08:28 PM PDT

    I've been doing searching all summer for entry level AP/AR/bookkeeping anything but everywhere requires experience.

    I'm going to get my bachelor's but won't start back until next year. I know I can get an internship once I start back at my new university, but I would love to get into the industry. Is an Associates just useless in accounting?

    Any tips/advice would be much appreciated!

    submitted by /u/DividedWeakness
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    Which positions for big 4 tend to work the least amount of hours?

    Posted: 31 Aug 2020 05:27 PM PDT
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