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    Home Unlabelled Accounting Salute to all of our active public accountants

    Accounting Salute to all of our active public accountants

    March 07, 2021

    Accounting Salute to all of our active public accountants

    Salute to all of our active public accountants

    Posted: 07 Mar 2021 05:16 PM PST

    blah blah blah work life balance blah blah blah

    Posted: 07 Mar 2021 09:38 AM PST

    The reality of dating/being married to an accountant ����

    Posted: 07 Mar 2021 06:16 PM PST

    That one guy who left during busy season/closing

    Posted: 07 Mar 2021 07:18 AM PST

    Prince Harry: “I was trapped, but I didn’t know I was trapped.”

    Posted: 07 Mar 2021 06:43 PM PST

    When did Prince Harry do a stint in public accounting???

    submitted by /u/mart1373
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    I might have done something illegal ...

    Posted: 07 Mar 2021 01:34 PM PST

    Just going to leave this here

    Posted: 07 Mar 2021 03:10 PM PST

    Please be nice to me tomorrow client

    Posted: 07 Mar 2021 04:45 PM PST

    Yes I know you wanted draft by tomorrow but this was thrown on my plate the middle of last week and I was told we had all required information. I was already swamped with work and when I got around to it Friday night I realized we were missing info and I knew you wouldn't respond to requests on the weekend.

    So I am asking you to not blow me up when I send an info request tomorrow pls. I'm sry. This is not my fault. I got hit with the classic plz fix.

    submitted by /u/ShadowofStannis
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    Here we go again boiz!!!! Time for a little history lesson

    Posted: 07 Mar 2021 10:24 AM PST

    It's that time of the week once more!! The best day out of the whole damn week. The greatest of the 7 days. The one true day of pure happiness and numbers. The one. The only. The Monday.

    In preparation for tomorrow, I read up on a topic we all know and love. Something that is a crucial part of our professions wonderful and orgasmic history. I'm talking of about a little story known as "The Great Filing".

    On a Monday in the year 715 AD (after deductions) and a young man name Gregory G. Debit, nick named Goose, was walking down to the local tax office. You always knew where he was going because he left a massive trail of accounting juice behind him. Like the old saying goes "Follow the juice to find the goose". He had often wondered why he couldn't file as hard as he wanted. He tried and tried but could only raise the temperature of the sun 1 or 2 degrees instead of the standard 70 million per return that we are used to today. He spent his whole career going from town to town trying all kinds of filing methods. But this particular day, his life was about to change. As he walked into the tax room someone caught his eye. It was another person named Lucy M. Credit. She was there about to file as well. As Goose walked over to say hello he tripped and his return landed right onto her return. As it turns out they had exactly opposite numbers. When the returns collided it brought about a balance not seen by mortal men before. The shockwaves were felt all over the global. The sun heated up to levels not seen in over 7000 years. All returns were instantly complete.

    The next day the governor of taxes declared this moment "the great filing". Goose and Lucy eventually married. They named their kid Lucy Goosey Debit-Credit. He was the perfect child. His returns were forever in balance for all of his days. And to this day we honor that family and their marvelous careers. Now we can't file as many as they filed that one day so we have to split it up for the first few months of the year. But it's a tradition we will carry on and carry proudly.

    God damn that's always such a good story. Make me feel so fucking excited to get in there and fuck up these numbers just like goose and Lucy. We have to do our best and file the fuck out these mother fuckers and smash our debits into our credits so we don't let them down. I'm going to bring all my returns to a shattering completion as soon as I get in there tomorrow. I'm not going to bitch out and just say things are "immaterial" gonna tie out every penny just like our forefathers intended.

    Keep our history strong and make history tomorrow. Maybe if you file hard enough, it will be your name in the textbooks. Better get going Boiz and gurlz. The clocks ticking and you need to file your legacy.

    submitted by /u/Sneezis
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    Dear CPA Canada...

    Posted: 07 Mar 2021 11:44 AM PST

    Can you kindly stop serving yourselves and start actually helping the profession as a whole?

    We have about 217,000 members in Canada - the US has about between 600-700K CPAs ('active' per Google). The problem is that the US has 10 times the population so the salary dilution in Canada is real. I think it's because CPA Canada is so money and membership hungry that they'll give out the CPAs like candy to attain their short term goals but not really helping the profession as a whole (especially for the younger CPAs, who will become disillusioned pretty quickly). The only place to make real bank anymore is work Big 4/downtown TO and basically kill yourself. My uncle who was a Big 4 partner commented that CPA salaries have really come down in the past 20 years and he didn't know why (hint - it's because there are too many CPAs).

    It's also convenient that increasing the number of young CPAs and CPA students drives down the cost for CPA Canada's buddies in the Big 4 so the labour costs goes down and profits go up.

    Also, stop taking our membership money and making ridiculous advertisements about the greatness of having a CPA. Yes, being a CPA helps but it's not the be-all and end-all of everything.

    submitted by /u/RivetCounter
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    Definently easier said than done but just a reminder for the upcoming work week!

    Posted: 07 Mar 2021 08:47 PM PST

    Considering leaving public...what are some things you wish you’d thought about before you left?

    Posted: 07 Mar 2021 10:32 AM PST

    Here's my story: I'm an auditor and I've worked in public accounting for about 4.5 years. I would be up for promotion to manager this year, but I'm considering leaving now anyway. My entire time in public I have heard that you shouldn't leave before manager or the opportunities just won't be that great, but I find that increasingly hard to believe. My biggest complaint, like most people, is the hours and the stress that comes with those hours. I feel so unhealthy from sitting in my chair for 16+ hours a day, eating out, lack of exercise, and increased drinking because I'm so miserable.

    I currently have two prospects: the first is a startup, which I know would be a lot of work, but I can't imagine I'd work more than I am currently working. The second is an internal control position. I'm not particularly keen on SOX, but I do like the idea of working on and improving processes and controls. I'm trying to make a conscious effort to pick something with good upward mobility, especially since I'd technically be coming in at the senior level.

    Before I make the jump, I'm interested in hearing what people were surprised about when they left, wish they'd known, etc. What are some things you'd wish you'd known or thought about before leaving public?

    submitted by /u/desert-lighthouse
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    Are people in public accounting generally as bitter as people in this sub?

    Posted: 07 Mar 2021 08:44 PM PST

    I swear that's not meant as an insult- I know this is a place to vent but I'm a college student and I'm wondering if everyone in big4/public gets worn down so quickly.

    submitted by /u/gleemer__
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    How easy/hard is it to get fired from public accounting?

    Posted: 07 Mar 2021 03:21 PM PST

    I'm just curious. I just graduated and have been working at a medium sized firm since beginning of Dec last year and have no perspective on this. Obviously I don't want to get fired, but I don't want to work myself into the ground anymore than I already do

    submitted by /u/immafixbulls-
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    How are people getting bump in pay when they move to industry?

    Posted: 07 Mar 2021 07:26 AM PST

    I am currently feeling burned out and I am planning to leave public for a nonpublic job. I am in my second busy season in audit (non big 4). I make about $60,000 a year, and I am confused how many of you are getting a "bump" in pay when leaving public for industry? I am currently applying to jobs and I see many staff accountant jobs that are paying less than $60,000 and I am not sure if I qualify for senior accountant jobs (which pay more). Is the bump in pay through counter offers and negotiations? Are you getting them through recruiting agencies? What industries and job titles do you apply for when leaving public for the pay increase?

    submitted by /u/cutelilaccountant
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    Finishing undergrad, getting CPA, and going straight into industry?

    Posted: 07 Mar 2021 03:05 PM PST

    I know there's quite a few posts very similar to this, but I'm wondering if anyone here has some personal stories about avoiding public and going straight into industry out of undergrad. I absolutely plan on getting my CPA as soon as I complete my undergrad (econ major and accounting minor), but I am not interested in joining a master's program or dealing with Big 4 recruitment and hassle. From the stories I have heard about Big 4, it seems like hell and I don't know if I could deal with the lack of work/life balance in public. In addition, my school offers very little Big 4 recruiting opportunities so it just seems like a really difficult path to navigate through, when I could instead just go straight into industry. Anyone wanna share a similar story? What's your salary like, and how's the progression?

    submitted by /u/mynamejeff10
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    First month in industry after B4, feeling a bit lost

    Posted: 07 Mar 2021 11:26 AM PST

    Hey guys , I've just crossed my first month at a F500 and handling the close for a number of accounts . I left B4 after 3 years thinking I was the king dick but truthfully I feel clueless.

    'Po receipt accrual' 'PO delivery accrual ' 'oh yeh that line of the PO was matched with an offsetting reversal we put in last month'

    I'm not even sure if those quotes above are correct , but did anyone else have a bit of a shock entering industry and actually getting comfortable with the nitty gritty of transactional accounting ? Like I seriously thought I knew all the fundamentals of it all but at the moment feel like a tool lol. For what it's worth my ERP is oracle , and and trying to find some good guides online on all the modules .

    Happy to hear anyone else's experiences !

    submitted by /u/badbookeeper123
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    Leaving public after an internship and half year as an associate?

    Posted: 07 Mar 2021 05:24 PM PST

    I want out. I have time off on the weekends, but my Saturday's are ruined bc I have to work and my Sunday's are ruined bc I come to the realization I have another miserable week ahead. So do I even really have time off?

    Can anywhere share how to make the jump to private? I think I'll try and knock out the CPA exams this summer and fall, get the bonus, and dip. Find the experience in private. That seems like it could work out just fine...

    submitted by /u/immafixbulls-
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    Any other first years having a hell of a time?

    Posted: 07 Mar 2021 09:11 AM PST

    So I started in November and have been anxious every single day since then. I feel like I should have done a better job building connections with my seniors during those few months but it's been hard with work from home. I did an internship with this firm halfway thru school a couple years ago so I feel like maybe they had higher expectations for me and I wouldn't need much guidance coming in. My navigator was on maternity leave for the first two months until after Christmas and I never really got an opportunity build up a bond with her before things got busy. I feel like every time I ask questions to a reviewer they are really short with me, take forever to reply, or just say throw something on their calendar for tomorrow. I try to be as respectful of their time as I can be by bunching questions together and using all of my resources prior to reaching out. Im always torn between asking questions to try to get my projects as good as it can be, or just pushing it up to review and copying SALY so I don't blow the budget any further and can just get told what needs fixed in the review comments. I'm not asking to have my hand held through everything or be babysat all day but I am so lost and feel guilty for taking others people time they could using on other work or with their family. It's just really hard to know what is normal with not getting feedback and not being able to read any cues I'd normally pick up on being in the office with everyone. I've been going into the office now that it is limited capacity but it's still pretty empty in there and other than the partners and a manager, it's pretty hit or miss. It's helped with my anxiety a little bit by having people at least walk by my desk and see that I am actually working on those returns that I've blown the budget on and I'm not just jerking off working from home or something. It's also sort of helped me separate my work and life by not having to work from my bedroom 12 hours a day.

    I've been having a hard time hitting my charge goals since I get so anxious and can't get questions answered I feel like I'm going to get a bad review or just be fired after busy season. My projects are coming in way faster than I can get them out and some are starting to go stale.

    At this point I'm just thinking it would be best for me to get my year of experience and finish up my last cpa exam and start applying for government and industry jobs. A 40 workweek where I have some more training and feel confident in my work sounds like a wet dream at this point. I know it will limit my career trajectory, but I don't care to be a cfo.

    Is it like this for anyone else? I can't tell if this is just normal busy season stress or what but I feel like this busy season has taken 5 years off my life already. Sorry for the rambling, just had to vent to someone.

    submitted by /u/coolsexguy
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    What type of excel macro shortcuts did you find useful for audit?

    Posted: 07 Mar 2021 11:35 AM PST

    I started binding a bunch of stuff to my CTRL+SHIFT keys and it has made it so much quicker to do repetitive tasks (materiality boxes, colored boxes for recalcs, tickmarks, etc). any other macro shortcuts that you guys have found useful for audit?

    submitted by /u/enva_beats
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    How was your life 20 years ago?

    Posted: 07 Mar 2021 01:42 PM PST

    Hey there, this is mainly for people who were already working in the early 2000s, but feel free to share anything.

    So I've been thinking about this for a while, I was hanging out with older coworkers (in their forties), and we started talking about technology and how it affected life.

    I personally think phones and the internet have made life less live-able?

    I mean don't get me wrong, I'm from a developing country from a middle class family, without the internet I wouldn't had access to pirated games and movies (which improved my english), I wouldn't have been able to learn and research stuff as much (since a lot of resources exist in english), I wouldn't have been able to get my CMA as easily, wouldn't have learnt as much excel/PQ/PBI as I do now (also less advanced solutions lol.)

    I just thing things are changing pretty fast due to technology, there is always more stuff expected from new graduates.

    Maybe I'm just "romatizing" (romanticizig? Romancing?) the days when I was still a kid, but I just can't help but think that life (and work) were simpler back then, now you have a phone that you could be accessed 24/7 if needed, which is both good and bad.

    Anyways I wanted to hear more stories about how work or life in general was for us in finance/accounting.

    I think 2006/2007 was the sweet spot before stuff went into fifth gear.

    Thanks.

    submitted by /u/Moamr96
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    Side hustles during public accounting

    Posted: 07 Mar 2021 10:18 PM PST

    Screw the shit salary for the hours worked during public accounting. What are you doing as a side hustle to make that dollar the partners aint sharing?

    submitted by /u/ZookeepergameNo8213
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    Is it weird to apply for a job in the same company that I'm interning in

    Posted: 07 Mar 2021 04:08 PM PST

    I'm currently a tax intern at a mid sized firm and they have a couple of tax associates openings that were posted in the last 2/3 weeks. Would it be weird if I applied for those openings or just wait until the end of the tax season and see what they decide

    submitted by /u/Ok_Membership3013
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    Career Paths

    Posted: 07 Mar 2021 04:07 PM PST

    Hi everyone, first time posting in here. I'm a sophomore at Rutgers doubling in Accounting and Finance and I'm considering career paths but I am very confused. I want to get my CPA, that is definitely my first goal, however, I also am thinking of wanting to work in finance later on because from what I'm reading, its MUCH better pay. I understand that I'm at a disadvantage for the finance pathway because my school isn't ivy but I have a couple questions.

    First, is the CPA worth it/effective for finance careers?

    Second, how hard is it to go from public accounting into banking?

    Third, can I ever make 200k+ in accounting(public or industry) or am I likely capped off somewhere less than that?

    Any advice/suggestions help! Thanks!

    submitted by /u/lingtong10
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