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    Thursday, April 1, 2021

    Accounting Interviewer flipped out over PTO question

    Accounting Interviewer flipped out over PTO question


    Interviewer flipped out over PTO question

    Posted:

    So this recruiter goes, hey you want this job? I go eh, at least will talk to the guy since I want to leave PA even though based on description was not entirely enthused and the pay bump would be nonexistent.

    The information passed on to me does not include PTO benefit. So I ask and his reply was, two weeks.

    I reply with well, not as generous as current job. You know hunting for some wiggle room. Then I get meme rant about we only want people who want to work here, not just seeking a pay check... like well I certainly don't want to work there now.

    submitted by /u/Rimeheart
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    Deloitte reinstating busy season meals!

    Posted:

    April fools, they still don't give a shit about the employees left (:

    submitted by /u/MrBuckets96
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    KPMG acquires McKinsey to dethrone EY as the third-largest Big 4

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    on the edge of breaking down

    Posted:

    Things are due and I just can't get it done. I've been crying all day and I'm pretty much ready to quit right now. Work more than 12 hours each day, skip meals , been sitting for hours. It's taken a toll on my mental and physical health.

    submitted by /u/Little_Lost_Buddy
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    Remember newbies, Hide don’t Delete

    Posted:

    A little story for those taking tax in college rn

    Posted:

    I was struggling tremendously in those classes, then Covid hit and I thought I was screwed. I cheated, learned nothing and had a internship present it self to me.

    Seriously I went into this internship not even knowing what a 1040 was.

    Well I learned more the last 3 months doing actually work than I did in 9 months of tax schooling.

    Keep ur head up and grind it out in college

    submitted by /u/Cvrlos22
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    April fools?

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    No red flags at all!

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    ��

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    Help a brother out

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    Well fam, I made the jump from public to industry and doubled my salary. I'm now a manager for a CAS firm (bookkeeping) and am only 1 of 2 CPAs on payroll.

    I was nervous at first but am doing okay so far. I was about average in public, but feel like a rockstar when helping out my bookkeepers with their questions. When should we capitalize assets, is software development an intangible asset?...ect.

    My only issue is that I relied heavily on my peers for harder judgement calls in public. Now I'm getting approached daily by management on how to structure new companies, or if I should treat athletes as an employee expense, or should I be running Amazon fees through COGS....

    I'm fairly confident in my answers but not having other CPAs around has me second guessing myself A LOT! Imposter syndrome is at an all time high.

    So my question is, where do you fellow professions go when researching specific accounting questions? Is everyone just skimming FASB guidelines, or should I be thinking about calling old managers every time I have a question? I'm not quite panicking yet, but it's close. As the only CPA on my specific team, I want to be confident in my decision, but don't have a clue on how to back up my judgement calls.

    Thanks in advance fellow educational sadist.

    submitted by /u/Better_lucknexttime
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    Actual video of a Big 4 Firm moving their staff from one audit to the next

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    Did I mess up by calling in sick or did I do the right thing?

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    I've been very depressed lately, had my birthday recently, I get very depressed on these dates, all years. This week I just woke up crying and I kept crying and I just called my boss telling her I was not feeling good. She asked me if I was puking or something and I said "hey I'm gonna be honest with you, I recently had my birthday and I live by myself and I've been depressed today, not feeling good at all" and then I just started crying over the phone. She reaussured me the company and she cared about me, told me to go see a doctor and get a doctor's notice. Doctor gave me a few days.

    Anyways I'm not sure if I did the right thing by opening like this with my boss so fast. This was an isolated case, I never skip work. I could had lied but I dislike lying. I made it clear I had no mental health issues, regardless of that being truth or not.

    I'm feeling better now and I can work again like if nothing had happened.

    submitted by /u/creyeleverde
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    CCH Access down for us.

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    Anyone else? Easter presents came early.

    submitted by /u/thisonelife83
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    Goodbye big4

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    Posted this on the big4 page but I'll post here because I can - will also still be in accounting so Whatever

    Finally, done with the billable fucking hours, counseling meetings and awkward encounters with partners who don't know shit about the younger generation. Suck a dick people who don't know how to schedule, stupid proposals and a fucking 59K starting salary.

    Looking forward for a higher salary, low upward mobility and not as much job security at industry lol

    Also, I ADMIRE people who stay A LOT, you all are resilient as shit and really wish you all in the big 4 the best. Much love for you all, please treat seniors well, we are underpaid, overworked and sad. Much lovereee 😍😍😍😍😍

    submitted by /u/Substantial_Worry_
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    Leaving Big 4 for FP&A after 1.5 years, and I could not be happier.

    Posted:

    Obligatory post about leaving Big 4 Audit, but man am I hyped. Got an FP&A Analyst role at a very large company after about 2 years in Audit. Would have liked to get a senior analyst role, but I would not have made senior in audit until next year, and I'll be making more now than I would have in a senior in audit, so it's a win win.

    I guess my advice is if you hate your job, look for a new one and try to get out. There's no harm in applying and seeing what's out there. I've definitely learned some great things from Big 4 Audit, and getting the CPA was easier through the Big 4, but I will not be missing this place. Good luck to all in busy season right now, may god have mercy on your soul.

    submitted by /u/yaboobay-yaboobay
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    First Year Experience/Isolation

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    Hi guys. I've started up at a large firm in the audit practice this past year fully remote, in a large metro area. I passed the CPA exam and dedicated about a full year to studying for it, then rolled in to busy season. My experience has been lonely to say the least, and obviously Covid-19 shifted the goalposts of what is normal for the foreseeable future. In my spot, I can say I have zero idea of what is going on at this firm outside of the work I'm given. No clear sight of when busy season ends, how things work internally, etc. The work is not an issue, I've never had an issue with anything I've done for my in-charge, as a lot of it is fairly straight forward with good PY workpapers. My issue comes from the complete isolation I face when I thought a benefit of working at a large firm would be to network and meet people in my age range. I have met 0 new hires outside of 1-2 virtual meet and greets with partners and a small group associates (recipe for 0 natural conversation). My full team I work "with" has hopped on a call twice this busy season, and even in that setting was 0 social interaction, just straight forward and sticking to the agenda of what we wanted to knock out. While interviewing, I explained the need for socialization in this role and was assured that that my role would allow me to meet new people all the time and be a collaborative experience. Fast forward to now being 7 months in, I'll get a ping saying "do X, will send Y then do Z" and that's the extent of any conversation I'll have with an in-charge. Rarely do I get on a call even at this point, and if so there is never any discussion outside of what we need to do or a brief walkthrough. Now, I'm hitting my breaking point. The isolation is intense and it's difficult to garner energy to do the things I love for the few free hours I have a week away from work and responsibilities. 65-70 hours weeks with no social interaction has taken its toll on me, I've lost 15 pounds and genuinely wake up upset daily. I understand change won't occur in the midst of busy season, but I genuinely can't do this again if the work is so isolated. At this point I'm debating asking to switch service lines in a few months to something that involves more collaboration with co-workers. Anyone's thoughts on how/if I can improve this scenario would be appreciated.

    submitted by /u/bprp23
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    CPA Core 2 April 2021

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    That was definitely not what I expected. First case was alright, but definitely blew the second one. What did you guys think?

    submitted by /u/Taylor__96
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    Long live McKPMG

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    Man, Gaap is a demon.

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    No, I'm serious. Gaap is a demon.

    Look it up.

    submitted by /u/Quiet_Stabby_Person
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    When you stay up and work past midnight, do you bill your time to the day you originally woke up or the next day?

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    Asking for a very tired tax accountant who's going to regret waiting until tomorrow to post time.

    submitted by /u/JasperJimBob
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    Anyone else fine with Accounting/Tax concepts in theory, but sometimes struggle with them in Practice?

    Posted:

    Just to preface and put this in context, I've been in Public Accounting for three years now and currently work in M&A Tax. I had this phenomenon happen even when I was in compliance, and was curious if anyone has ever experienced the same.

    There are a lot of tax, specifically partnership, concepts that I really feel I understand technically (743(b) adjustments, 704(c), 721 and disguised sales, etc) and I can do textbook examples of them and even explain them to others relatively well, vocally. But when it comes down to actually putting the concepts into practice (like building a workpaper or model), WOW, sometimes I'll have to sit there for an hour and draw out what's happening on paper before I'm able to start in Excel. It's similar for things like certain DTAs/DTLs and other accounting/tax concepts.

    I'm not sure if I'm describing this properly, but does anyone else understand concepts "academically" but take awhile before they're more comfortable with them in practice? It was definitely a big part of my learning curve in compliance and really feeling it again in my new role.

    submitted by /u/MandACPAThrowaway
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    Big four 1st year

    Posted:

    So I'm a first year in audit at a big four and I just had a meeting with my senior manager. My SM told me that after the 1st busy season is when 1st years really start interacting with the client. She told me not to be nervous when speaking with the client and to make sure it's professional. It wasn't sure if she was trying to get at something, and now I'm curious if she was saying it to me because someone (a client) said something to her. I interacted with the client a good amount during busy season, is she insinuating that I somehow have been fucking up? Am I overthinking this? Are these normal procedures? I appreciate any thoughts.

    I haven't got much feedback yet, but initial feedback looks positive.

    submitted by /u/Joeycanada46
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    Interesting read for all you tax geeks.

    Posted:

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