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    Accounting This sub when someone doesn't hate their job.

    October 04, 2020

    Accounting This sub when someone doesn't hate their job.

    This sub when someone doesn't hate their job.

    Posted: 04 Oct 2020 08:03 AM PDT

    Job Security

    Posted: 04 Oct 2020 07:05 AM PDT

    Interns and recent hires this busy season wfh

    Posted: 04 Oct 2020 04:44 PM PDT

    Food truck owner is a former public accountant (Uncle Roger Work at Food Truck)

    Posted: 04 Oct 2020 11:05 AM PDT

    unrelatable

    Posted: 04 Oct 2020 01:16 PM PDT

    I'm not sure if accounting is for me - I'm 35

    Posted: 04 Oct 2020 03:10 PM PDT

    I graduated from university with a major in accounting 10 years ago - very clueless about the work. And because I had to work fulltime and a little more while in university on, sometimes, full-time load, I didn't do well in most of my accounting courses...usually C+ or B-. I didn't attempt to actually understand the concepts, but simply regurgitated the examples taught in class and passed my exams. I didn't join any of the accounting programs in university because of lack of time and because of lack of interest.

    My experience

    In 2016
    Fast forward four years later, I got a job with a big accounting firm in Canada (MNP) - kind of like Baker Tilly in the US. I was on the US tax team. I wasn't doing good at all, and eventually MNP counseled me out after 1.5 years. Basically, I was fired.

    In 2017
    I moved to Toronto, failed at living there for three months, couldn't understand the world around me.

    In 2018
    Then I moved back home to Vancouver. Worked at HUB International doing Accounts Receivables job - I was fired within the probationary period because I showed no interest, and found it really boring and monotonous.

    In 2018
    Then, a month later, I was offered a job for really good pay but as a temp - so I was filing and posting hours for payroll at $30/hr - which I did well for 3 months but left for a better opportunity.

    In 2018
    This opportunity was a Junior Accountant at a computer firm - I was over there for 4 months as a temp and gained a good reference.

    In 2019
    Then I got another temp gig working as someone who just does manual bank reconciliations on Excel - did 5 months there and got a good reference.

    In 2019
    Then I got another temp gig working as US tax Specialist out in Toronto at $35/hour for 3 months - did that, and gained a good reference.

    In 2019
    Now I've been with a company in Vancouver where I do Accounts Receivables. I've been in this position for 1 year and 2 months, and I've been doing well. I'll probably get a good reference if I leave.

    In 2020
    Still at the Accounts Receivables job at the same company - doing well.
    Got an offer to work at Baker Tilly.

    My issue
    1. Based on my experience, I cannot tell whether or not this is my career. I don't know how to decide. I don't know whether I should stay or leave.

    1. I cannot talk to anyone about this - I don't have friends or family in accounting, and I don't know what to ask for or say.

    2. I'm an immigrant who moved here in grade 12 because I had no choice and came with parents - I had to figure out, with time, how the system works around here. I had no clue what I was doing throughout my 20s, but finally got a good grasp of it now.

    My personality
    The team I work with right now is loud and joke around a lot. You can hear us in the office, talking and cracking jokes. I've been told I fit right in. I've also been told I'm quirky. Most times, I like to say what I feel and don't enjoy being holed into a box whether by thought or action.

    I'm now feeling like I failed in life. I don't have a good hang of my career or my dating life. I don't know if I should continue with accounting or if I should think deeply about pursuing something else. I feel lost and defeated.

    submitted by /u/Correct_Asparagus_73
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    Advice for non-target graduating senior.

    Posted: 04 Oct 2020 08:06 PM PDT

    Hi,

    The information shared here may compromise my identity but I'm desperate for advice.

    Location: BC, Canada School: Non-Target, (don't go to UBC) Major: Accounting+Finance (Double) I am going to graduating in April 2021, GPA will be around 3.4-3.5 upon graduating. Experience: Two internships: 4 month in industry (A/P), 4 month in busy season big 4 company. Created a startup company that failed ultimately.

    I've been rejected from I banking recruiting for all 3 years due to my super shit GPA and non target school. I took a internship in audit just to see what it was like and I don't see how audit experience would benefit me at all if im pursuing finance. I regret leaving on bad terms with the big 4 company as I can't apply to their other jobs now. I tried applying to other big 4 companies for advisory and consulting but was rejected without an interview at all. What are my choices? I feel so fucked with the terrible job market and the lack of experience I have compared to my peers.

    submitted by /u/THRAWY909
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    I suppose I just posted this in the wrong sub last time, seems it would have gained a lot of traction elsewhere

    Posted: 04 Oct 2020 07:59 AM PDT

    Life after Accounting Clerk

    Posted: 04 Oct 2020 07:27 PM PDT

    I've been doing AR (& a little AP and payroll) at a steel plant for a year now and am wondering about the different career paths that I can take. Starting out/working as an accounting clerk wasn't ever really mentioned during speaking events. My degree is in finance with over 30 hrs in accounting and I really want to stay in accounting and become a CPA. Any advice/tips are greatly appreciated.

    submitted by /u/blacksheep_429
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    Cost Accounting is driving me up a wall

    Posted: 04 Oct 2020 05:05 PM PDT

    I'm taking cost accounting this semester.

    Homework is reasonable and everything. I understand the equations, even algebraically-- ya know? I'm like, ok, I got this.

    Then comes the test. The test questions look NOTHING like the questions on the books nor the homework. Like, for example, the book would only tell you X variables like operating profit= XYZ. Then I spend like 3 huurs per homework assignment doing that.

    Then the test swerves in and gives you 15 lines of very specific expenses and fixed and variable components that the student must compile, but never basic variables like those in the homework or book. And it's frustrating because I know the equation through and through, but both the textbook and the exam are inconsistent and it's annoying. My professor just says we have to know it by "context" or "you should have learned it Managerial Accounting" .

    I like my professor but I want to understand the material, not be confused by it. Do you have any ideas or information where I can clearly understand concepts?

    submitted by /u/LALABEEEEE
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    Interview: weakness?

    Posted: 04 Oct 2020 05:04 PM PDT

    What to say for weakness for Tax Intern interview at GT?

    • "introvert but have been going to social/networking events. I have been working in jobs that requires interaction with people/clients to push myself to grow and break outside my shell"

    • "i don't know much coding. I know html but have heard that sql, r, python, alteryx are useful for accounting, and would love for the opportunity to learn"

    Which answer sounds better?

    submitted by /u/siliconeb00b
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    Government/higher education/hospital/non profit accountants

    Posted: 04 Oct 2020 08:07 PM PDT

    How long did it take you to find your job? I'm really trying to get into these fields for less hours and stress but the market is small and everyone wants previous experience in the field. Looking for some inspiration.

    submitted by /u/ilovemypug96
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    CPA assurance elective survival guide

    Posted: 04 Oct 2020 08:00 PM PDT

    Hi!!! I'm trying to get a head start on the readings for my elective course which starts next week. Can someone tell me what chapters assurance covered in the first two weeks ? Much appreciated

    submitted by /u/AssociateThis5468
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    Should I consider looking elsewhere?

    Posted: 04 Oct 2020 04:37 AM PDT

    I started my first job out of college at a top 20 firm and was there for two busy seasons but I was let go earlier this year when the pandemic started. It was very abrupt, I didnt get much help, I wasnt properly trained, and I never really had a team throughout my time at that firm. It was all a very weird experience and even my last review I recieved right before I was let go gave me recommendations to improve that involved being at the firm after busy season. In the end I was just given a "You didnt perform well cya." And I was let go and by the end of the day I found out a bunch of people were also let go.

    I spent months looking for a job and I found a job at a top 30 firm. During the interview I noticed some red flags about the culture but I needed a job and after weeks of waiting I was finally given an offer and took it. I recently started and I was not given any real direction, there wasnt any training, and I have made multiple mistakes and my Supervisor doesnt seem happy about it.

    She tries to be understanding and knows I need help but she never trained me and she knows about my last job but still expects me to know my way around the applications we use and the work we do, even though a lot of it is new to me. I am told to ask questions but when I do Im met with frustration, if I ask others its apparently wrong, if I didnt know something I should have asked when I wouldnt even know anything about it.

    So I feel like Im walking on eggshells and worry I will be let go. At this point Im not even sure if Im cut out for public accounting or accounting. I stress out so much, I avoid eating, I feel like I am just not getting it despite being in the field for a year in a half. I just dont know if its me or the jobs or what. My friends swear its not me since they knew I worked so hard back in college but at the end of the day Im judged on the jobs by my performance and being let go from one job doesnt help. Any advice?

    submitted by /u/throwawayshoes2
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    Advancing from a dead end accounting job?

    Posted: 04 Oct 2020 07:37 PM PDT

    I have a few friends that are in a comfy position in AP/AR or a senior bookkeeping position. They skipped public because it paid 25-50% more initially with half the workload.

    The jobs pay $50-65k/year which is above the median in Canada. In addition, their workload is close to 10-30 hours a week.

    However, one of them recently asked me advice on how to move up towards a role like controller or CFO in the future. Other than CPA, I had no solid advice to give them. I'm not sure if CPA would save them since the experience wouldn't be relevant to higher level roles.

    What advice would you give to get out of this?

    submitted by /u/bcitman
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    New in corporate finance asked to assemble a finance department

    Posted: 04 Oct 2020 02:36 PM PDT

    I am sorry if this is against the rules and hope its not.

    I come from investment banking and structure products background, I have got an offer in a startup medical sports complex, as financial director with a path to become CFO within 3 years (currently the position is vacant and I will be the acting CFO).

    The problem is I have never worked a single journal entry and I have a limited number of hires in the first year, with exactly 2 new hires(+ 1 that is already there which I have no idea about how good he is) for accounting positions. I have been reading a lot about accounting department structure, and my budget can get me either a senior accountant (can go for CPA here) and a junior accountant or two mid level accountants, however, how would I assign responsibilities?

    If someone can lend me their expertise in what to hire and what should I look for that would be great. Thanks in advance

    submitted by /u/Ezzhmz
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    Interning at a CPA firm that only does one industry

    Posted: 04 Oct 2020 07:30 PM PDT

    I am looking for some advice. I'm a senior in college and will be graduating in December. I'm interning this winter at a CPA firm that only does real estate audits and taxes. They pay more than a normal firm and everyone seems like they really like it there. If I end up working there full time will I be pigeon holed into only working in real estate for my future career? Could I transfer to a big 4 after a few years and work in a their real estate department? My end goal is to get into a top MBA program then go into something financial like investment banking and I think working at a big 4 will help me get into a good MBA program.

    submitted by /u/ryan3017
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    *Please Help* Advice Needed on Internship Offers

    Posted: 04 Oct 2020 07:29 PM PDT

    Hello all!

    Junior majoring in Accounting, set to graduate with 150 credit hours.

    This past month, I have interviewed with 10 firms and received 8 offers. I have whittled my options down to my favorite 2, but am having trouble deciding between them.

    Firm 1: Regional firm in top 40. Got to meet seniors and managers during a 30 minute interview and all were people I could see myself interning with. Recruiter has been VERY nice, calling to update me on progress of interviews and offers. Recruiter has talked about a full time offer already after the internship.

    Firm 2: Global firm (think between B4 and B10). Got to meet with staff, manager, senior, and partner during 4 (!) hour interview. Still very nice people, but.... Recruiter has almost been non-existent. I have to email them for any kind of update. Emailed to get update and reply was they were processing an offer. No talk of any full time offer. (Is processing an offer the same as an offer?)

    So, I don't know what to do between the two of these. I don't like the fact I had to keep contacting the recruiter for Firm 2, but also don't know if that's commonplace or not. I know Firm 2 would look better on resume, but am unsure of future job opportunities.

    Any suggestions, fellow Accounting peeps of Reddit?

    submitted by /u/SprialNotebook
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    Why do companies care if stock prices increase?

    Posted: 04 Oct 2020 03:23 PM PDT

    Lets say Margret bought 1 stock of Google for $5. Google soars in value to $20. Margret makes $15 bucks when she sales Google.

    Google still only received $5.

    Sorry, not studying to be an accountant - but have always wondered. I get that companies have to make money for their stock holders but is there another reason they care?

    submitted by /u/bucket46
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    Seeking advice from other career professionals in different areas of the U.S.

    Posted: 04 Oct 2020 06:55 PM PDT

    For context, I am a 25 year old male. I work at a very small CPA firm (I do not have the title, my boss does) and as a result the career growth there has stalled. I am almost at my 2 year mark but am currently making only 20$/hr. I should note that I reside around the Kansas City, MO area but have been looking to try to move out of state southward such as Arizona, Texas, etc.

    My question is where would be a good place to move to that has an abundance of good, high paying jobs as well as a decent home market.

    And if not accountanting jobs, what else should I be looking for? Every job has a specific title so we kind of cripple our job outlooks by only searching for say...senior accountant, when there could be a ton of other jobs that could use people with the same qualifications but have entirely different job duties or requirements. Any advice would be appreciated.

    submitted by /u/NotTooSharpie
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    Since accounting standards differ by country, does this impact career mobility overseas?

    Posted: 04 Oct 2020 03:00 PM PDT

    Obviously standards and laws a different across each country. Does this regularly disadvantage foreign qualified accountants looking to work overseas?

    I've yet to see a foreign accountant working in the US but I've seen many British accountants in Canada/Australia for example.

    submitted by /u/SoybeanCola1933
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    Which Of These Two Auditing Standards That Make The Auditors To Perform More Audit Work? PCAOB (The Public Trading Companies Auditing Standards)? Or GAAS (The Private Companies Auditing Standards) ?

    Posted: 04 Oct 2020 06:37 PM PDT

    There are two orginazations that set auditing Standards, one for public trading companies known as PCAOB, a non profit company that set auditing standards for public trading companies and AICPA, a membership organization that set auditing standards for private companies known as GAAS. I am curious to know which of these two audit standards that make auditors perform more audit work.

    submitted by /u/Distinct_Compote_147
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    Coffee Chat before Interview: KPMG

    Posted: 04 Oct 2020 04:09 PM PDT

    Hi All!

    I've managed to score an interview with KPMG this upcoming Friday (10/9). However, I'm scheduled for a Coffee Chat tomorrow (10/5). What kind of questions should I expect? I recently completed my MSA graduate program with a 3.62 GPA and have 3-4 years of accounting operations experience.

    All feedback/replies are much appreciated!

    submitted by /u/Acobarrubia
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    How does one transfer out of risk assurance and into something else internally or externally? When does the networking process start?

    Posted: 04 Oct 2020 10:02 PM PDT

    What are the exit opportunities? Is it hard to lateral to another line of business like TAS or Valuations? and what is the best way to go about that transfer? I dotn want to burn bridges

    Do you network a year in or as soon as you start?

    submitted by /u/throwawayyyy23334
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