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    Accounting Fixes Everything

    December 07, 2020

    Accounting Fixes Everything

    Fixes Everything

    Posted: 07 Dec 2020 02:05 PM PST

    My mental health trying to keep up with the unreasonable work demands

    Posted: 07 Dec 2020 06:22 AM PST

    30 min to format a text box and shape together

    Posted: 07 Dec 2020 06:18 PM PST

    things in common

    Posted: 07 Dec 2020 09:33 AM PST

    I made them, SOX socks. RIP in peace

    Posted: 07 Dec 2020 07:16 PM PST

    Always too many excel sheets open!

    Posted: 07 Dec 2020 03:42 PM PST

    RIP to the Legend. Paul Sarbanes, U.S. Senator Who Co-Wrote Anti-Fraud Law, Dies at 87

    Posted: 07 Dec 2020 06:21 AM PST

    Big 4: anyone else seeing a mass exit from senior level before this busy season?

    Posted: 07 Dec 2020 05:55 PM PST

    This typically happens, but I'd say it's more like 20% turnover per year for seniors. I'm seeing seniors fleeing left and right this year. Is it because the WFH situation is getting out of hand for busy season (from an engagement collaboration perspective) or is the job market really that active right now?

    submitted by /u/boisaveaa
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    Anyone else in Public Accounting starting to have apathetic feelings towards work?

    Posted: 07 Dec 2020 08:35 PM PST

    This whole WFH has been miserable for me in general. But there are definitely some days & weeks where I just don't have much interest in my work. WFH makes me feel like I'm back in college doing HW for 8+ hours a day. I'm really struggling right now without an office environment. Very little human interaction in my day.

    I'm an Experienced Associate, going into 2nd Busy season

    Sigh.....

    submitted by /u/YoungstownBurgh
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    Big four resignation experience

    Posted: 07 Dec 2020 05:49 PM PST

    I recently resigned from my position as audit associate last Friday. I've been with the firm for 1.5 years as an experienced hire (A3) and have been basically having senior duties without any of the compensation or recognition. I recently had a great job opportunity present itself which would have me relocate 5 hours drive from where I am now. Now I will explain my resignation experience.

    First, I set up time with my senior. She was the most understanding and chill about it. There was no big deal at all. By the way I'm giving this company a months notice before I leave because I know it's near year end.

    Second my manager. This is where it got awkward. I also want to mention I'm on the largest client in our market and basically responsible for 3 full business processes in the audit. My manager basically begged me and pulled out all the stops. Are you sure man? We really need you! Yada yada. I just stuck to my guns and said my last day is "this day" and no exceptions. He was def shook.

    Next is the director. There was more begging and guilt tripping. "Did you decide a start date?" "Can you find it in your heart to stay?" It was physically uncomfortable in the video chat. Starts saying that the partner is really influential and can get me a better job if I stay

    Lastly they pushed the partner on me. Started with the some small talk and then jumped right into me leaving and how this is going to be an extreme burden on the team. Told him that I know it's not an opportune time and that's why I'm giving a full months notice so the firm can plan. Says we're short staffed and something along the lines of being bad for my relationships. (Internally roll my eyes). I say I'm sorry but my last day is "this day" and he says okay and abruptly hangs up.

    Just wanted to see what the forum thinks and if they had similar experiences leaving big four?

    submitted by /u/AngryGoose21
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    Big 4 Partners hearing news about Paul Sarbanes

    Posted: 07 Dec 2020 12:53 PM PST

    When you're dying but still gotta work

    Posted: 07 Dec 2020 05:13 PM PST

    Paul Sarbanes, senator from Maryland who led overhaul of corporate accounting rules, dies at 87

    Posted: 07 Dec 2020 06:43 AM PST

    WFH 4eva

    Posted: 07 Dec 2020 09:59 PM PST

    Wife wanted to move to a LCOL city. Got approved to move today (industry). 10% raise from cost of living alone.

    Have been able to automate/eliminate 30% of my work since March, so WFH has been awesome. I've been taking an hour lunch, working out, and have been able to watch our newborn since my wife went back to work too.

    Super grateful for the ability to live where we want - gotta get any silver linings we can out of this year.

    Now I need to find a better desk than our old kitchen table.

    submitted by /u/flamtart
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    Let’s get em’

    Posted: 07 Dec 2020 11:30 AM PST

    Everybody loves 5318008 �� (via dogsonthe4th)

    Posted: 07 Dec 2020 05:07 AM PST

    Audit associates who have been successful in transferring to industry: What do you have under your job description on your resume?

    Posted: 07 Dec 2020 04:18 PM PST

    Are MM Firms (A&M, D&P, FTI, HL) on par with big4 for FDD/valuation?

    Posted: 07 Dec 2020 06:07 PM PST

    Mainly curious if the name recognition and skills learned are on par with Big4.

    Looking to get into FDD, 6 months into big4 audit. Dont wanna go through the hassle of switching internally / waiting 2 years.

    Main goal is eventually to land into an IB role. For reference I have my CPA, CMA, and am sitting for the CFA.

    submitted by /u/throwawayacct5009
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    What should I do?

    Posted: 07 Dec 2020 08:31 PM PST

    I graduate this Decmeber and recently accepted a full-time job offer in public accounting (top 25 firm) which was originally set to begin in November 2021. In the meantime, I have already accepted offers for a tax internship from Jan to May (with same company I accepted a full-time job with) and a audit internship from either May to July or July to August (with another top 25 firm). During the months of Jan to Nov I will also be studying and hopefully passing the CPA exam.

    Now the firm I accepted a full-time job offer with is asking me to start end of June 2021 but said if I still have the preference to start in November then that is fine.

    If I withdraw from the summer internship would I damage my relationship with the other accounting firm? Or should I stick to my original plan of completing the summer internship and starting full-time in Nov. so I have more time to study for the CPA exam? The trade off to starting earlier is more money and career experience earlier on but having little less time to study and not getting to try out auditing

    I would really appreciate some advice! Also I was not the best accounting student and did poorly in accounting classes so I anticipate needing more time to study for the CPA exam compared to the average accountant....

    submitted by /u/saraamine121
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    Traits of a good accountant?

    Posted: 07 Dec 2020 06:15 PM PST

    Hey!

    So, I'm considering going back for my masters in accounting after spending a few years working as a social worker. I've always been bad at math, but I've heard that you don't necessarily have to be good at math to be good at accounting.

    So, what traits do you have to have to be a good accountant? Also, does anyone have any books they'd recommend so familiarize myself with accounting? Thanks!

    submitted by /u/Emotional-Chapter227
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    Pros and cons of leaving before busy season?

    Posted: 07 Dec 2020 08:55 AM PST

    Hey guys, hoping y'all can help me out here with a little cost/benefit analysis. Essentially, I fucking hate this job right now. I'm in my third year and will be promoted come July (think ya know which big 4 I'm talking about), I'm getting panic attacks, I've slept like shit the past three weeks because the stress keeps me up. My jaw hurts? I think from clenching and stress, idk.

    Anyways, I'm sure you know the procedure. I'm miserable, I can't study for the CPA since I work like a dog and I really want those three fucking letters. So I started looking elsewhere, sifting through the bullshit from recruiters, and I found an opportunity that I'm going to apply for that's seems great. I obviously need to get the job first (interview this week), but they would require my to start in January, so I'd have to put in my notice here in December. And I'm not sure if that's the right thing.. so here are the pros.

    Pro: - Senior accountant role at a public company

    • ~61% salary increase, 10% bonus at the minimum

    • From what I've gathered so far, great 401k contributions

    • From Glassdoor research, much favorable work life balance (I want, no crave) a nice 40 hour work week.

    • more technical work than I'm doing now, and room for progression

    Cons: -leaving right before busy season and how that'll reflect on me since I'm an integral team member

    • burning bridges with friends/managers and the like that I've worked with

    • leaving my projects unfinished right before busy season. I really feel like I'm fucking over multiple people here, despite myself being fucked over by an associate who screwed up so many things that I'm picking up the pieces for now.

    I need some real input here. Obviously I need the offer first, but if I want to do this, then I need my mind fully committed to leaving now. Does anyone have any opinions or thoughts or experience here?

    submitted by /u/fuckimbackonreddit9
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    IT Audit Demand

    Posted: 07 Dec 2020 01:19 PM PST

    I am currently in IT Audit I love the job and everything about it . Is IT Audit a good career to stay in? What are my opportunities if I want to move to industry after a few years? ( I am working as an IT Auditor with a National firm in Canada.

    submitted by /u/Fun-Cartographer8611
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    Best State to sit for CPA exam before graduating (120 credits)

    Posted: 07 Dec 2020 08:20 PM PST

    I have 120 credit hours, and 24 hours in upper level accounting coursework (exclusive of intro I & II) after this semester.

    I won't be graduating until August 2021 at the earliest, and want to start testing next year.

    My current state does not allow you to test until 150 hours.

    ​

    So I need a state that doesn't require 150 to sit, and doesn't require residency.

    submitted by /u/KurkTheMagnificent
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    Accounts Payable Team Lead - what is the career path after that?

    Posted: 07 Dec 2020 07:39 PM PST

    Thanks to a friend sending my linkedin to the hiring manager and saying "he might be interested", I'm now being recruited for a job as an Accounts Payable Team Lead. Apparently they've been struggling to get applications, most likely due to the location (and title). I'd be managing a team of TBD - but probably 3-8 people.

    This is not my wheelhouse. I've never done Accounts Payable as a full time role - I have done it where it took maybe 10 minutes of my time a day, max of 1 hour a week. I was a physics major (but basically a math major), and I should have done economics as well had I read the course catalog. That was 12 years ago; I've been in various audit/risk/finance roles since then, mostly in Fortune 500 companies.

    This would normally be something I wouldn't even consider. But they're making it worth it. Significantly worth it, thanks to the stock options (and for the purposes of this conversation, assume that we know they're going up and not down, I know all about the risk). I don't see myself getting the same accumulated wealth for 5 years, best case, in my current role. Realistically it moves retirement up 5-10 years (depending on what happens with tax rates and health insurance in retirement). In case you're wondering, they would be overpaying for the position, but the salary is where I would want to be for my next role.

    ​

    All of that being said... I have generally considered AP to be middle aged women with an associates degree (sorry, that was sexist.... But think of Office Space). It seems like easy, repetitive data entry jobs that doesn't require much.

    While that doesn't bother me, at least for a few years, I am mostly concerned about my prospects after that. What do you do after AP? What would this do for my career? I'm not a CPA or MBA, obviously. I don't want to be CFO in my future, but I doubt I'd be happy in this position for more than a few years.

    submitted by /u/TheFezAbides838838
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