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    Accounting It just feels right [meme]

    October 30, 2020

    Accounting It just feels right [meme]

    It just feels right [meme]

    Posted: 30 Oct 2020 11:01 AM PDT

    Just started working in government after switching from PA

    Posted: 30 Oct 2020 06:06 AM PDT

    All I can say is wow. I thought people were joking when they said that it was chill. I literally am a week in and the only thing I've done is fill out a few forms. I have that public accounting mentality where I feel like I should be doing something at every given second, so I have finished all of the training through the end of the year and my supervisor says he has nothing else for me, haha. I work every day from 7:00 AM to 3:30 PM and can take three one-hour periods per week where i can leave work early to go work out. I feel like a superstar and am so thankful that I don't have busy season coming up either.

    Is this what it's like to work a normal work day?

    submitted by /u/Horseplop46
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    WhY dO I OwE MonEY iNstEAd oF GeTTiNg A reFuND ThIs YeAr

    Posted: 30 Oct 2020 10:32 AM PDT

    Why are you the way that you are?

    Posted: 30 Oct 2020 07:26 AM PDT

    Alright I’m waving the white flag

    Posted: 30 Oct 2020 11:26 AM PDT

    And learning Index Match. There's only so much Vlookup hate a man can read about before he snaps. I'm devoting my Friday afternoon work time to figuring how Index Match works. I'll post back with results.

    Edit: 1 hour was not enough to wrap my brain around it. Perhaps I am not as smart as I thought. I'll try again on Monday to keep learning 🤓

    submitted by /u/Quik_17
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    Public accounting is a rewarding career path

    Posted: 30 Oct 2020 06:52 PM PDT

    4 months in public tax at a small CPA firm about to be fired for low performance, need advice on what to do in my situation.

    Posted: 30 Oct 2020 07:24 PM PDT

    I graduated in May with a business admin accounting degree and have been working In public tax for almost four months.

    I've come to discover the work is pretty monotonous and on top of it being boring I'm terrible and slow at it. I never got higher than a B- in my intermediate courses and always focused on memorization vs understanding the material. It's pretty confusing to me anyway but I just picked accounting for a safe route and figured I would always have a job. I realize I should have put more time into understanding the material. I never really cared much for the accounting knowledge and find it pretty boring but just continued thinking that If I got a degree I could get a decent job somewhere. What's past is past and unfortunately I can't change that now.

    I also didn't realize how important it was to get into this job and really know the material. I figured I could ask plenty of questions and overtime would have the chance to be trained. Alot of jobs they actually train you vs just giving you a return and saying "let me know if you have any questions". I had one project that I had to give back because it was too messy and thankfully management had a coworker sit down with me and try to show me why it's done a certain way. Why the AJE's are booked and what to look for when needing to know whether one should be made. It's still super confusing unless the account is no longer there. Even going back through the finished project I can't really understand why certain AJE's were made and what indicators show that.

    It's really my fault but it doesn't really make a whole lot of sense unless I remember the accounting equation and keeping it in balance. Also alot of accounts have vague names. Sometimes an expense isn't labeled as such or an asset account is super vague. With enough time I could probably make sense of it, but on top of not understanding what's going on I'm expected to get it done quickly and tie it all out accurately. People say write everything down but I don't feel that's super reasonable when asking questions. Some projects I have made meticulous screenshots and notes but each project can be a bit different so an AJE done one way doesn't really apply to the next project. There's not enough repetition for me to apply the knowledge over time which is where my lack of fundamentals comes in. It just takes me forever to get it done cuz there's so much back and fourth. I literally need someone to walk me through certain things and it doesn't always stick.

    I realize I'm just not good at accounting and have been told I'm performing below expectations. I really don't want to work in public anymore not cuz of the hours but because I'm so lost and I am failing constantly. I really just wanted a normal job that could be learned with not as much pressure to do it quickly.

    Everything that's happened has made me feel like a failure. I've done all this work in school for a subject I could care less about. I just wanted a normal job that pays decent and isn't customer service or hard labor.

    On top of all of this there's this whole go to public for 2 years and bounce but I feel if I went to a different firm I would fail there too, on top of having to work crazy hours and be super stressed.

    So I guess my question is, can I just get a normal accounting job somewhere doing mundane stuff so I can be somewhat proficient at it and make a normal livable wage ? I know the 4 months experience isn't going to do much for me. I'd like to actually get some training too at my next job. Is 22-25 an hour unreasonable for this? I don't need alot, I just want a chill office job I can actually perform at. I'm so defeated, any advice, anecdotes or encouragement is appreciated. Sorry for the long read. Thank you

    submitted by /u/Titrationss
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    Pretty cool

    Posted: 30 Oct 2020 12:51 AM PDT

    Left Big4 M&A Role to focus on my start-up!

    Posted: 30 Oct 2020 04:07 AM PDT

    Hi! I recently made a hugeeeeee career decision, and I could use the support of this Redditt community. I spent 9+ years at PwC, with the last 5 years in the M&A (Financial Due Diligence) group in San Francisco. This past June, I had a baby girl, and we share the same birthday! Then in August, I made the decision to quit PwC so I could focus on my start-up.

    I am not quite ready to share the start-up with this group, but it is related to the accounting industry! Any support and motivation would be appreciated! Accountants are inherently risk-averse, so this was a big career & life decision for me and my family!

    submitted by /u/mreinhold004
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    How useless is an accounting degree if I graduated with a GPA under a 3.0?

    Posted: 30 Oct 2020 08:12 PM PDT

    I fucked up in college and got a 2.9 GPA. It sucks, but I am stressing out really badly on what to do.

    submitted by /u/youaresodumbb
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    Excel functions for auditors

    Posted: 30 Oct 2020 05:20 PM PDT

    Hello hello. I'll be starting my career in audit next year and want to be at the top of my excel game when I start. What functions do you use the most / wish you were better at? Any help would be greatly appreciated.

    submitted by /u/123456whodat
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    Internship Advice: When Should I Have An Internship?

    Posted: 30 Oct 2020 06:24 PM PDT

    I'm a junior year accounting major. The only accounting classes I've completed are Accounting Principles 1 & 2. I am currently taking intermediate accounting 1.

    Am I looking for internships too early? Too late? When did you have your first internship? When did you first start looking at/applying for internships?

    Feeling a bit out of the loop since I went to a community college and none of my professors have talked about careers at all. All advice is appreciated!

    submitted by /u/cmfd123
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    What are some ways out of Accounting?

    Posted: 30 Oct 2020 10:07 PM PDT

    Hiya Ladies and Gents,

    IDK anymore COVID is making me realize I don't really hate accounting it keeps the lights on but it's just such a drab way to spend your life.

    Imagine on your gravestone what's it gonna say? Here lies XYZ best Excel wizard? clutch deadlines?

    Don't know, don't wanna do this anymore. I wanna either have some kind of meaning behind my work or min/max the fuck out of it where I can just retire and take a low paying job as a tree planter or somethin.

    submitted by /u/aznology
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    Tax refund political discussion on the front page today. Any comments I’ve seen about lower withholdings or other factors were downvoted and buried.

    Posted: 30 Oct 2020 10:20 AM PDT

    Anyone with public accounting experience willing to relocate to Michigan?

    Posted: 30 Oct 2020 08:36 PM PDT

    I am a recruiter and currently have a role located in the state of Michigan for a f1000 company. If you have 2 years of public accounting experience (preferably big 4) working on public client engagements send me a message!

    submitted by /u/AccRec
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    Using a charity to offset personal loan tax

    Posted: 30 Oct 2020 02:12 PM PDT

    A member of a charity is taking out a personal loan on behalf of a needy individual. The charity member is going to funnel that money through a religious charity in order to get a tax break and offset the loan interest. Then the recipient will pay back said personal loan when and as they are able to in the future.

    However, I have concerns about the legality, and ethics, of this decision. I didn't think a charity could designate to an individual, especially as a religious institution. Additionally, this money isn't actually a charitable gift, because it will be paid back to the member at a later time. Is this legal and are there some ramifications for proceeding with this decision?

    submitted by /u/BarneyTheRubble
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    Anyone excited for CPA?

    Posted: 30 Oct 2020 07:34 PM PDT

    I've received all my Becker study materials and will begin studying in the next month. I'm *genuinely* excited.

    Anyone else feel/felt this way when approaching the CPA? I'd like to know if this wears off or if there's anyone out there that enjoyed the entire process of studying for the exam.

    Why I think I'm excited: I was always the accounting student that tried to put pieces together and be able to apply the material from scratch. I'm super excited to finally cover everything in such a short amount of time that I can at the very least take a real-world scenario and understand it from all perspectives (i.e. Read about an M&A in the news, and can generally understand it from reporting, taxation, auditing, etc perspectives)

    submitted by /u/im_not_ben_wyatt
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    Seeking Advice: Big4 Audit vs. Goldman Controller Analyst

    Posted: 30 Oct 2020 12:42 PM PDT

    Currently in my last year of college and need to make a career decision. I have an offer for Big4 audit in LA within the financial services practice, and also have an offer for a GoldmanSachs Controller Analyst role in another market. It's my long-term goal to become a CFO and am wondering which would better help me reach this goal. I think Goldman would probably advance my skills faster as I would be doing both internal and external reporting right away. However, I don't think the culture and relationships will match the big4 in LA. Also, I've heard it's better to advance your career in public accounting before switching over to an private industry role. Any advice on which to take? Am I an idiot if I pass on Goldman?

    Background: 4.0 community college transfer, 3.3 gpa at a top 20 school, will get my cpa after graduation and likely CFA if I take the Goldman role

    submitted by /u/SarcasticCars
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    Technical questions

    Posted: 30 Oct 2020 07:01 PM PDT

    Did you often have to answer technical stuff in an interview? For me only twice out of quite a lot of them over the years

    Do you find that you know stuff really well but can't answer it over the phone no matter what? I'm not talking easy stuff like definitions or principles. Like actually jotting down journal entries, accruals, payroll, etc. I can't do it. I'm at an intermediate level corporate. Maybe public practice is a different game.

    But I can't freaking do it, and I feel like a failure of an accountant. I even practiced this before. I do it at work, relaxed. If an interviewer asks me, I just can't. Pass

    submitted by /u/DerpyOwlofParadise
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    CPA PEP Case Writing

    Posted: 30 Oct 2020 02:38 PM PDT

    Started Core 1 this fall and the case writing has been kicking my ass. We never did case writing back in uni so this has been a learning curve for me...for those who have been in the program for some time now, how is CPA expecting these case answers to look like? Because to me it seems like with the hour they've given they don't expect you to finish it at all.

    Thoughts??

    submitted by /u/cfa_93
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    Star Employee started to care less and underperform

    Posted: 30 Oct 2020 09:23 AM PDT

    Auditors of Reddit,

    Why would a Star Employee at an audit firm start to care less and underperform?

    submitted by /u/Upper-Understanding6
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    How to eat lunch?

    Posted: 30 Oct 2020 05:48 PM PDT

    I'm an incoming intern how to eat lunch???

    View Poll

    submitted by /u/Boobs183628
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    Anyone heard of EY Fiduciary Trust Tax Services? (FTTS)

    Posted: 30 Oct 2020 05:14 PM PDT

    Will be interning and wondering how this practice is like and if they offer their interns full time. Just scared since it's so niche.

    submitted by /u/Solisto1
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    Job Interview

    Posted: 30 Oct 2020 08:55 PM PDT

    Any advice on the Deloitte behavioral interview? I have 4 written responses and 2 verbal responses.

    submitted by /u/No-Type331
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