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    Accounting So Glad I'm An Essential Worker

    September 01, 2020

    Accounting So Glad I'm An Essential Worker

    So Glad I'm An Essential Worker

    Posted: 01 Sep 2020 07:58 PM PDT

    Consolidating +20 trial balances like ������

    Posted: 01 Sep 2020 05:42 AM PDT

    Always a roller coaster when someone messes up an account.

    Posted: 01 Sep 2020 08:40 AM PDT

    NON-PERFORMANCE Lay-offs at EY (US)

    Posted: 01 Sep 2020 12:31 PM PDT

    EY is laying off US employees (NOT on PIP and not Senior Managers/Partners) across the US. Heard it from my group and from my friends across other regions/service lines. People who've been affected have been average and top performers from what I know. Basically getting a phone call and told their last day is "x" day.

    So much for Non-covid layoffs or just performance layoffs and this is going to end up backfiring on EY trying to keep this secret

    submitted by /u/EYThrowAway3211
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    Public accounting do be like that sometimes

    Posted: 01 Sep 2020 10:27 AM PDT

    Anyone work at a big 1 firm ?

    Posted: 01 Sep 2020 11:08 AM PDT

    Feeling like Alexis Rose with my highlighting today (only the important stuff)

    Posted: 01 Sep 2020 11:37 AM PDT

    It only took a global pandemic for me to leave Big 4!

    Posted: 01 Sep 2020 10:07 AM PDT

    After 4+ years in indentured servitude, I finally left Big 4 audit the last week. The work from home life had just been an even worse rat race designed to suck all of the billable hours out of seniors. Combine that with renewed administrative burdens of project management and budgeting the firms are pushing right now and a ton of work I'm just not interested in anymore (i.e. compliance, SOX) I finally broke. Even at the top of the senior class, without the prospect of early promotion to manager, merit increases, or any bonus, it just didn't make sense to stay another year +.

    So, I left. Got a title bump to manager, nearly 50% base increase, and a solid equity package. The company I left for seems to have a solid culture and great product that's doing very well both pre and during COVID. I'm not saying that Big 4 wasn't worth it. I wouldn't have gotten the job I did without the experience, especially this soon in my career. I'm upset that the exit came the way it did, as an international rotation with the firm was the only thing on my Big 4 checklist I couldn't do, but the whole pandemic thingy threw a wrench in that plan.

    I will however say that this was one of the reasons I chose accounting, and Big 4. The job market and economy is historically volatile and uncertain right now, and I was able to get multiple interviews and jobs that essentially had to fight over me and one-up each other's offer. It's a skill set that is valued for it's technical and non-technical capabilities, so leverage that. Don't undervalue yourself, go after that position that requires 2 more years experience than what you have or feels like a stretch. Especially industries that are well-poised to succeed in remote work environment, there is still tons of hiring going on right now.

    Aware that my story probably doesn't sound all that different from all the other exit stories. I just wanted to share as I've definitely gotten some good advice from this sub in the past and thought some others may be in a similar situation. Feel free to ask any questions if you'd like.

    submitted by /u/dukiduke
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    Wife was naked in view of my camera during a video call for 30 seconds, didn’t know I had the camera on since I was taking notes in word. Partners were on call. How fucked am I?

    Posted: 01 Sep 2020 02:10 PM PDT

    Lowest Big4 salary ever?

    Posted: 01 Sep 2020 07:49 AM PDT

    Salary : 37.5k CAD (28.7k USD)

    Grade : Associate 2

    Location : Eastern Canada

    Bonus : 0$

    Try to beat that.

    submitted by /u/WannabeCPA27
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    Advice to students who have doubts about working in public

    Posted: 01 Sep 2020 12:41 PM PDT

    Hi,

    I am a frequent on this sub who was recently laid off from a large national tax firm after my first year out of school. Like you, I too frequented this sub (among other accounting boards) and learned about the stressful work environment that comes with public before I even started working.

    If you have read posts about working 55+ hours every week and believe that you would be unhappy in such a work environment, then DO NOT SIGN UP FOR IT LIKE I DID.

    To give a bit of background, I was never really super career focused, as I only majored in accounting so I could have a "safe" career after school so I could pay my bills. I initially studied animation, as it has always been my childhood dream to be a cartoonist, but I felt that it would be important for me to learn the language of business and to get a safe job so I could pursue my passion on the side.

    Many school accounting programs will push public onto you before you graduate, and it is for good reason; public is an excellent way to start your career as you will learn a ton and gain valuable work experience. However, it is not for everyone; as previously mentioned, I was never really super career focused, as I only viewed accounting as a means to pay bills. Having read horror stories on this sub as an undergrad, I avoided applying to the Big Four and applied to smaller firms, hoping that busy season would be less intense at them. After initially interviewing with the national firm I ended up at, I did not see myself wanting to work there after they mentioned how intense busy season was. Despite this, I was fortunate enough to get an offer a few months later, and I decided to take it due to it being my single job offer (I will mention that my internship experience was lacking, apart from doing Volunteer Income Tax Assistance for two years).

    As the start date approached, I was EXTREMELY nervous about the role, but I worked up the courage to go in and even start prepping for the CPA exam while working full time. I did benefit from the experience, as I met a ton of great people at the company and learned a ton of valuable skills. Despite this, my first fall busy season hit me like a brick. Having an hour commute by train and working 60 hours a week made for one of the worst work experiences of my life. It was not only the hours that got to me, but also that some of my seniors were extremely condescending and rude, which alone made me dread going in every single day. I knew that I was not a good fit because even after working 12 to 13 hours on a single day, I would STILL usually be the first person to leave the office at night. I never cried from work before, but I did many times in public.

    Very early on into my role, I quickly decided that I would bail after a year; I REALLY wanted to leave after my first fall busy season, but decided to tough it out so I wouldn't be a quitter. During this time, I managed to pass the CPA exam, but things took an awful turn at work; after the spring busy season, my previously mentioned awful senior gave me a very negative performance review (which I could argue had unfair points, but that's an entirely different can of worms), which resulted me getting put onto a Performance Improvement Plan. Despite being one of only 2 people in my starting class of about 15 to have passed the CPA exam and trying to put in extra time during the spring compared to the fall, I got canned after July 15th deadline.

    Some people on this sub might tell you that you are just being a wuss for being miserable during busy season, but I say ignore them. That gaslighting is extremely unfair and it does not consider one's own personality. While working 60 hours in a nice office may not seem too bad for some, just know that my previous full time job before public was working as a machine operator in a factory that had no air conditioning. It was extremely repetitive and mind numbing, but I was never as miserable or as stressed as I was in public. I've worked many odd jobs and never had a boss as awful as the aforementioned senior at my firm.

    I'm still on the job hunt, but I am avoiding signing up for public again, despite some friends and family members pressuring me to do so. I do not want to sign up for a role that I strongly believe I will be unhappy in.

    ​

    TLDR; if you have doubts about working in public accounting now, DO NOT go into it, as it is an extremely tough time that will wring you dry

    submitted by /u/jackchickengravy
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    A quick run down of ERP systems for accounting and how they can help you streamline your workflow

    Posted: 01 Sep 2020 06:41 PM PDT

    In accounting, ERP is the acronym for enterprise resource planning. ERP could be described as a database software package that supports all of a business's processes and operations including manufacturing, marketing, financial, human resources, and so on. In other words, the goal of ERP is to have one integrated system for the entire company.

    What is an ERP for Accounting?

    How ERP is being used in accounting?

    In certain accounts, computerized ERP systems are used to

    What are the benefits of ERP for accounting?

    Conclusion

    submitted by /u/NattyFried1
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    For those of you who worked in big 4 Tax where did you exit too? Post big 4 raise? Work life? Was big 4 worth the sacrifice?

    Posted: 01 Sep 2020 11:43 AM PDT

    Title says it all. All those who did the big 4 tax grind. 1. Where did you exit too 2. How long did you stay in big 4 and what group? 3. What's your career like now 4. Was big 4 worth it?

    I have an internship with big 4 coming up and I want to see if big 4 is worth the extra school and the grind.

    submitted by /u/honest2134
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    Which one of you owns this?

    Posted: 01 Sep 2020 09:30 AM PDT

    Us on the daily

    Posted: 01 Sep 2020 02:06 PM PDT

    What Date Night looks like when an Accountant dates another Accountant.

    Posted: 01 Sep 2020 08:55 AM PDT

    Guess we were all trolls 5 years ago. (LinkedIn)

    Posted: 01 Sep 2020 02:53 PM PDT

    How tough are ya?

    Posted: 01 Sep 2020 03:25 AM PDT

    What COVID side hustles do you guys recommend?

    Posted: 01 Sep 2020 11:53 AM PDT

    After calculating my loan pay off schedule and budgeting, I'm going to be in debt for a long, long time... especially since my firm (B4) probably won't be giving me a raise this year.

    I'm thinking Uber/Lyft, but after research and taking into account gas/maintenance, I feel like it's not worth it. Wanted to see if you guys do anything that you'd recommend.

    submitted by /u/leagueofcoffee
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    Went to a virtual accounting event today as a student, heres how I feel:

    Posted: 01 Sep 2020 07:48 PM PDT

    Big 4: Talking to audit staff from all firms individually was a great experience. Being on this sub, I am very skeptical of the Big 4. I attended group sessions for EY and PwC. Both firms mostly explained positions and how they know "work life balance" is hard in PA and how they're helping that. Actually, no. EY literally said "work life balance is outdated. work and personal life should be together." Deloitte and KPMG I had 1on1 sessions. KPMG was the only one with technical difficulties so I was literally typing to the recruiter. Dude at Deloitte was chill to talk to, audits for tech companies. Didn't get to get the feel of these firms but ima guess they're gonna try to explain to me about their way to work life balance too.

    Non Big four firms: Bennett Thrasher, I genuinely enjoyed speaking to the lady. She had amazing advice for me and I felt comfortable around her. The firm wants me to interview soon so there's that. Windham Brannon was another firm I checked out and it was great. They were the smallest firm I checked out but I enjoyed being there.

    Overall: Great experience, liked the two firms than I did the big 4. Most the firms will not be giving internships until 2022. But got an interview from one of them. Not bad i guess.

    submitted by /u/Marstomp
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    What is the culture at a Big 4 office in Phoenix like?

    Posted: 01 Sep 2020 03:57 PM PDT

    Hello, I am interested in working for one of the Big 4's in their audit department, particularly in Phoenix. I just wanted to know what it is like to work at one of the offices in Phoenix, so I can figure out which one I should focus in on.

    submitted by /u/Fivecatclaw
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    TIL Canadian serial killer/rapist Paul Bernardo is a PwC alum

    Posted: 01 Sep 2020 06:33 AM PDT

    According to CBC: Bernardo was fired in 1990 from Pricewaterhouse due to failing his accounting exams and turned to cigarette smuggling to make money.

    https://www.cbc.ca/news/canada/key-events-in-the-bernardo-homolka-case-1.933128

    submitted by /u/initiatingcoverage
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    Musician considering a career switch

    Posted: 01 Sep 2020 03:39 PM PDT

    Hello everyone!

    I am 24 years old, turning 25 next month. For the past 3 years, I've made my living primarily as a performing musician. When the coronavirus pandemic hit, I lost all of my income and it completely derailed my career.

    I'm now back at square one, starting from scratch and living with family until I figure things out. I'm finding it really difficult to get things going again, in large part due to what feels like a loss of the passion I once had for music... I've always loved it, and I have no regrets, but I'm starting to see the downside to what is undeniably an unstable way of making a living.

    I've always loved working with numbers, and I really enjoy math and finance. Contrary to the musician stereotype, I loved the business side of things and I'm considering going back to school to get into accounting as a career.

    The reason I'm posting here is to see if anyone has possibly gone through something similar. I used to be so adamant about being a "full-time musician" but that youthful ambition is starting to fade. I think I would be much happier with a stable career while playing music on the weekends for fun.

    I know that accounting and music/creativity are generally thought of as being two opposite ends of a spectrum, so I'm really hoping that someone can chime in and give me some perspective on this because it's causing a lot of cognitive dissonance.

    I appreciate any input or thoughts on the subject, so please let me know if you have anything that might help me navigate this decision! Hope you're all staying safe & healthy.

    submitted by /u/30880
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    Should I switch to Core Assurance from Risk Assurance? I find SOX, IA, and Risk Management boring. Wanna do something more accounting related.

    Posted: 01 Sep 2020 01:58 PM PDT
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