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    Accounting Mmmmm hmmmm

    March 31, 2021

    Accounting Mmmmm hmmmm

    Mmmmm hmmmm

    Posted: 30 Mar 2021 01:11 PM PDT

    What was the best "learning opportunity" ever given to you by a senior, manager, etc.?

    Posted: 30 Mar 2021 10:44 AM PDT

    I'll never forget the "learning opportunity" my manager gave me back when I was junior staff. Manager gathered the whole team in the conference room on a random Tuesday. In the middle of the table was a good size sheet cake, same size that you would have at a wedding, but wasnt part of the couple's fancy expensive cake. Was weird because it wasnt decorated. Anyways, he gets on his cell, barely able to contain his laughter, and calls the managing partner in. Acted all nervous saying our biggest client was ready to fire us due to some screw ups in scheduling. Manager turns the lights off and tells us all to be quiet. We could hear the partner sprinting from 50 feet down the hall- he was a big guy and when he rushed through the door it nearly knocked it off its hinges.

    Partner screamed "What the fuck is happening! What is everyone doing?" At that moment our manager turned the lights on, yelled "surprise!", and threw handfuls of confetti in the air. We stood there stunned as the partner bent over, clutched his chest, and died of a heart attack right then and there.

    At that moment the manager unveiled a second cake that said "Happy 57th birthday (partner's name)" and we each had a slice. Had a delicious oreo filling. Best cake I've had to this day.

    submitted by /u/Biggestwags
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    Boy do I not miss entry level work

    Posted: 30 Mar 2021 05:01 PM PDT

    Me at 12:01am after the tax deadline.

    Posted: 30 Mar 2021 12:31 PM PDT

    Help

    Posted: 30 Mar 2021 03:35 PM PDT

    How Riveting

    Posted: 30 Mar 2021 06:31 PM PDT

    At this point I’m just trying to drag my own lifeless body over the 4/15 finish line. I’m so burnt out from the last year of perpetual tax season.

    Posted: 30 Mar 2021 05:15 AM PDT

    Once as a private in the military I watched a 30 y/o NCO open a bottle of Jack, chug it in about 30 seconds and pass out leaning over his desk

    Posted: 30 Mar 2021 04:29 PM PDT

    He said he did it so he would be sober in time for work the next day. After my first tax season, I've never felt that energy more.

    submitted by /u/Longjumping-Bed-7510
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    I hate review notes

    Posted: 30 Mar 2021 01:36 PM PDT

    Nothing worse than washing your hands clean of a workpaper only to have it blown up weeks later with "value adding" comments a day before filing

    submitted by /u/NetRealizableValue
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    As an accountant I can't believe I just discovered that the Windows Calculator can calculate dates.

    Posted: 30 Mar 2021 09:20 AM PDT

    I've been using the windows calculator for years and for whatever reason I just recently realized that I can select different types of calculators including a "Date Calculation" (how I didn't find it previously is beyond me). Don't get me wrong I've used other online calculators and they do the trick but the windows version is so simple and perfectly set up to quickly see the number of days between dates or to figure out what date a deadline lands on when its stated as "45 days following the date of filing, end of the fiscal year, quarter, etc."

    Just thought I'd share for anyone like myself who can use an app for years and not once even click on the little menu to see what other functionality it has.

    submitted by /u/DetroitMM12
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    Just trying to figure out when these recruiters are supposed to be blowing up my inbox on LinkedIn

    Posted: 30 Mar 2021 02:40 PM PDT

    Almost broke into tears while on the call with my supervisor

    Posted: 30 Mar 2021 09:51 PM PDT

    Due to tight deadlines and tedious work. I was holding back my tears while talking to my boss. I'm struggling to understand what's going on at work

    submitted by /u/Little_Lost_Buddy
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    Update: they only raised the compensation by 25 cents ����‍♂️

    Posted: 30 Mar 2021 06:55 PM PDT

    LETS TALK MISTAKES

    Posted: 30 Mar 2021 08:28 PM PDT

    Name some mistakes you made in public accounting! How did you get over it and tips on how to go home and forget about it....

    P.S I WANT TO MOVE UP IN THIS COMPANY

    submitted by /u/Coconut-Efficient
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    Looking through client’s receipts and...

    Posted: 30 Mar 2021 09:30 AM PDT

    Sorry buddy, condoms aren't a deductible business expense.

    submitted by /u/daylanoneal
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    "Would you like to be a part of this learning opportunity?"

    Posted: 30 Mar 2021 10:02 AM PDT

    How do I know if accounting is right for me?

    Posted: 30 Mar 2021 08:20 PM PDT

    How to build up my technicals and become better at understanding what to do in the workpaper

    Posted: 31 Mar 2021 01:21 AM PDT

    Hi Everyone, I recently started in a Big 4 firm (as an experienced associate) and I realise that the workpapers are so big and confusing that I spend a significant amount of time understanding what they did previously.

    Is there a way where I can increase my capability to understand the audit workpaper faster? Additionally, what technical reaources do big 4 have that I can use to brush up and improve on my Accounting and Finance knowledge?

    submitted by /u/Embarrassed-Chain268
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    Ideal track for salary and work/life balance?

    Posted: 30 Mar 2021 01:49 PM PDT

    I've seen stories of people saying that they rarely work over 40 hours and make close to six figs by the age of 30. However, most people don't actually say what they do, probably because of privacy.

    I currently work in a regional CPA firm that has a decent number of clients. Benefits are decent and I'm making ~50k a year. I work around 60 hours a week during busy season, but rarely over 40 in the off season. Trust me, I know that others in here work a LOT more than I do. I am definitely thankful. The problem is, I really don't see much growth at this firm. I've seen people here with over ten years experience barely making $80k (regional average for similar jobs sitting around $100k plus bonuses). My goal with working at a CPA firm was to gain enough experience (3-5 years) to make myself marketable for other industries and to streamline my growth in the field.

    That being said, if you're comfortable with sharing your career path and ballpark salary, please explain the pros and cons of the path that you took!

    TLDR; I want to make a solid living in the future with a good work/life balance.

    Note: I JUST graduated, but I don't want to make any mistakes down my career path. Consider this preventative research!

    submitted by /u/ChiefofCheeks
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    Why?

    Posted: 30 Mar 2021 09:25 PM PDT

    I've been at my job for 2.5 months and I hate it so much. When did you start liking your job?

    submitted by /u/No-Type331
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    Accountants - always working on previous years stuff

    Posted: 30 Mar 2021 01:57 PM PDT

    Recovery Rebate Credit

    Posted: 30 Mar 2021 12:37 PM PDT

    This credit is making this filing season pretty much intolerable.

    The organizer asks how much you received for the 1st and 2nd stimulus checks so we can determine if you can get the credit. This leads to

    1. Irate phone calls/emails saying "Why are you asking for this, I was told this isn't taxable, why don't you know this"
    2. Answers that are obviously wrong which leads us to use a stimulus calculator to figure out what they should have gotten.
    3. Clients who threw away the debit card and want us to help them get it back.

    I'm convinced that we are going to receive an epic amount of notices regarding this.

    submitted by /u/Thegreatsnook
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    How do people know how to do their job when they go from public to a management level position in industry?

    Posted: 30 Mar 2021 07:47 AM PDT

    I was thinking, people go from manager level positions to manager or controller level positions in industry all the time. Going to a position like controller, you have a bunch of people reporting to you that you don't know how they perform their function. Even ignoring the part of not knowing how your reports do their function or what they are even doing, how do you know what to do in your role as controller? Is the CFO giving you instructions to get you started?

    I'd be interested in hearing about how anyone that went from PA to controller or manager level role learned how to perform their new position.

    submitted by /u/fakelogin12345
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