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    Accounting Getting that accountant vote

    November 06, 2020

    Accounting Getting that accountant vote

    Getting that accountant vote

    Posted: 06 Nov 2020 06:44 AM PST

    I heard someone needs a vote audit?

    Posted: 06 Nov 2020 05:01 PM PST

    When people assume I'm good at math because I study accounting (sent to me by wife, taken from IG)

    Posted: 06 Nov 2020 09:50 AM PST

    Relatable.

    Posted: 06 Nov 2020 09:10 PM PST

    Need a Plan ASAP

    Posted: 06 Nov 2020 05:23 AM PST

    Better work-life balance? Tax or Audit?

    Posted: 06 Nov 2020 07:20 PM PST

    Simple question,

    I've been told once you choose either tax or audit it's hard to change into the other. I want to join the one that offers the BEST work life balance possible. (I.e not a lot of travel, repetitive in nature, 8 hours most of the time, etc....). So far the resounding answer has been TAX. Please confirm.

    Thanks!

    submitted by /u/Play_Average
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    Interviewees when they are asked their favorite season.

    Posted: 06 Nov 2020 05:55 PM PST

    How are you supposed to timesheet to not be "charging too much time"?

    Posted: 06 Nov 2020 02:36 PM PST

    I'm a grad working in audit at a B4 and in my team, they're expecting a utilisation rate of at least 93% but usually expect 100% which I find hard to do.

    We needed a trial balance for the first year client and I've never done this before. The client's TB didn't balance and I was trying to work on it, communicated the problem to my manager and she told me to give it another go, if in 30 min I couldn't get it, see her. Couldn't do it, went to the manager to ask if we can get the client mappings and she tried fixing it too.

    She fixed the P&L but the balance sheet was still out and asked me to try again so I did. After a while, I really didn't get it and asked if I could move on to something else while we wait for the client mappings. And that was 2 hours of work. A few days later, no bueno from the client and the manager fixed the TB herself so she asked me to import it into the program. Also have never done this before, I was working on it for 30 min before getting another more urgent job from her so I had to drop it.

    By the end of the week I was going to charge 2.5 hours and she said it was "too much" for when I have no work to show for it (aka she fixed the problem herself and the TB in the software never got done) and I should take out learning time.

    How was I supposed to approach this situation? I was told learning is part of the job, so I still charged it, and the manager asked me to pour time into investigating. I felt I communicated issues when they arose and she was clear on why it would take time?

    submitted by /u/skkyn
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    Have you guys changed jobs just because you want to leave the city you’re in?

    Posted: 06 Nov 2020 08:24 PM PST

    I want to leave the city I'm currently in, so I'm either trying to transfer to a new office or just get a new job in the location I want.

    How feasible is this? Does this look bad to recruiters/hiring managers, or is this a valid reason to change jobs? Also, do you guys think this is a good idea during Covid times since we're all working remote anyway?

    submitted by /u/accountingprincess
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    EY sued for £1B British Pounds for NMC Audit

    Posted: 06 Nov 2020 09:16 PM PST

    I was almost tempted to say "Are you serious?"

    Posted: 06 Nov 2020 05:38 PM PST

    [CAN] Big 4 Training/New Hire Questions and Confusion

    Posted: 06 Nov 2020 08:16 PM PST

    So I just completed my first week training at a Big 4 and feel super lost. The whole week consisted of mainly watching self learning videos on audit concepts and procedures, then activities to do on the audit software, with the teachers occasionally checking in via video call once in a while.

    This wasn't engaging and was not my learning style, so I zoned out a bit. I also have zero actual accounting experience, so basic excel functions or simple bank recs are foreign to me. Suffice to say, I'm a little worried for my first engagement, especially since many of my starting class have already done insterhips/coops and are familar with the process.

    Does anyone have any recommendations on how to get ahead? Should I review my training materials over the weekend to try getting a better grasp of the materials? Any help appreicated.

    submitted by /u/BatArrow
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    Can I listen to music/podcasts while I do my work as a future tax accountant?

    Posted: 06 Nov 2020 08:11 PM PST

    Simply put,

    Accounting is easy work once you get the hang of it, and really repetitive obviously. I'm just wondering if most firms won't have a problem with my listening to some tunes or my favorite podcasts while I'm kicking ass on my excel sheets?

    Thanks

    submitted by /u/Play_Average
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    Is it easier for people from well off backgrounds to succeed in Public Accounting?

    Posted: 06 Nov 2020 01:18 PM PST

    Throwaway as I'm a regular contributor on here, but I was curious what the communities opinion is on public accounting being easier for those from well off backgrounds to succeed.

    I'm what I would consider upper middle class and moved back home for a couple months to pass my CPA exams while note working and before beginning work. I understand that this is not a luxury afforded to everyone.

    Then I moved to a High COL city and I was the one of the few who wasn't able to live with family there. Almost everyone was living with their parents and not paying for rent or groceries. Starting salaries were at $60K while rents were $1,500+ with roommates.

    Now I'm currently a senior in B4, and while I like the job and don't mind the hours I find that I'm severely underpaid for my work and struggle to save up much of my salary in a high COL area. It's difficult auditing payroll and seeing that industry is making $30K+ more in accounting and I'm getting paid less than secretaries without college degrees in industry.

    I truly think I would stay until manager or senior manager if not for the massive discrepancy below market salaries. This is all coming from someone who doesn't have a family or mortgage to pay. I'm sure it is even more difficult for later career joiners who have those types of responsibilities.

    So I guess my question is do you feel that Public Accounting is unfairly setup in such a way to allow those from well off backgrounds to succeed and how can public accounting firms fix the issue or be held to a higher accountability to help keep those from poorer backgrounds.

    submitted by /u/ErnstAndOld
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    Anuj Puri: PwC Partner Interview | What is a Career in Accounting?

    Posted: 06 Nov 2020 09:37 PM PST

    Regarding Audit Exit Opportunities

    Posted: 06 Nov 2020 08:55 PM PST

    When people mention about audit having better exit opportunities, what do they mean alone or compared to tax?

    submitted by /u/AutoAutoA
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    I wrote an accounting quiz today and got an average price of inventory $150 this was the exact amount. How important is it that this number be 2 decimal places $150.00? As I received zero on the question for not showing the 2 decimal places. Thanks in advance.

    Posted: 06 Nov 2020 08:28 PM PST

    [Politics] Opinions on Biden moving towards increased Wall Street regulation?

    Posted: 06 Nov 2020 08:13 PM PST

    What’s everyone’s take on talking about your compensation to your colleagues?

    Posted: 06 Nov 2020 07:34 PM PST

    Studying FM and this is a mood rn

    Posted: 06 Nov 2020 08:23 AM PST

    Industry Accounting Expectations

    Posted: 06 Nov 2020 11:13 AM PST

    I don't see a lot of posts on here regarding industry salaries, and I know COVID has driven salaries down. I have over 3 years of F250 industry accounting experience and my CPA. I had an interview for an accountant role in Phoenix and they said the max for the role was $55K. Is this on the low end for someone with my experience? I'm really hoping to make $60-65K but I'm not sure if that is feasible. I want to make sure that when I switch jobs, I'm being strategic.

    submitted by /u/eman12771
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    How to be strong at Accounting? Mathematics? Analytics?

    Posted: 06 Nov 2020 10:18 PM PST

    for example, if i were to get a masters in accounting, what bachelors would i get?

    or

    If i am getting a degree in Accounting, what majors should i get?

    submitted by /u/exomega2u
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