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    Thursday, May 27, 2021

    Accounting A pushback against those in public who want permanent WFH

    Accounting A pushback against those in public who want permanent WFH


    A pushback against those in public who want permanent WFH

    Posted: 27 May 2021 05:32 PM PDT

    I have seen a lot of people saying stuff like "I will never go back to the office". It seems these people are disproportionately seniors and managers who know their stuff, aren't at the point where they are selling business, and can run on their own. They like not having a commute, having to dress for the office, and in general, being more flexible. That's all fair.

    My simple question to these people: We know you can do the technical part of the job. What about the other half of your job? What about the staff?

    I am a brand new senior. I spent roughly one year in the office, and roughly one year WFH. My development was not good in that second year. As a new senior, I feel my technical skills are not up to par with the class of seniors ahead of me. I feel my soft skills wouldn't be, either, if I hadn't had non-accounting leadership experience in my background. All of that is before talking about the litany of issues I have WFH that are more subjective.

    That is as someone with a year of experience pre-COVID. Imagine what it is like for a new hire. In the best circumstance, it is like drinking from a fire hose. With WFH? It's godawful. Sharing your screen and getting on the phone is simply not the same as pulling up a chair next to the senior and walking through something. And it's not just technical development that hurts, but personal, as well. I don't know the names of most of the new hires - I am holding onto some work that would have been handed off to staff in the past because none of them are asking me for work and I don't know their capabilities. Some of these new hires haven't even laid eyes on the senior they are working with. You feel entirely disconnected from the team. You miss out on all those micro-training opportunities or chances to walk the floor and find out if someone needs help - that's how I got exposed to some of my best clients and picked up some of my best skills. All of the coffee chats, all the times you grabbed dinner with your teammates, every time you asked a quick question to the girl in the cube next to you - that matters.

    I'm sure there are new hires and staff that will disagree with me (I've seen a few on this sub), and there are even seniors that I think do exceptionally well developing staff virtually, but this is a sentiment I have found is shared in literally every new hire I've spoke to in my office. It's not good.

    Being honest: If you are a senior or manager who just wants to be left alone to plug away at workpapers, you chose the wrong line of work. I think it is to a degree selfish if you are not willing to pursue an "office first" - maybe still with 1-2 "flex days" a week - schedule to help develop the people under you. You are sacrificing their development for your comfort. It's only going to make things worse for you as you get promoted and find out the people under you don't know how to do their job.

    I'm sure this will be unpopular since it feels like everyone loves WFH on here, but these are my thoughts.

    Edit: This is out of the scope of the post, but if your argument for not wanting to go back to the office boils down to "I hate being around people and talking to people" I hate to break it to you but people probably hate being around you, too. Your misanthropy is not a sound basis for firmwide policy.

    submitted by /u/Red_Rifle
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    Me sitting around waiting for seniors to answer to my questions

    Posted: 27 May 2021 01:42 PM PDT

    Work from home is way better

    Posted: 27 May 2021 08:04 AM PDT

    I do not want to ever work in the office again. Work from anywhere is where I want to stay forever. If they ask me to come back to office, i will ask to just continue working at home. Anyone in the same boat?

    submitted by /u/ps345lover
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    I will never go back to the office

    Posted: 27 May 2021 03:49 PM PDT

    Got a 100% remote job in public. After a few years when I make Senior I'll likely be able to get a 100% remote job in private as well.

    If you like working remotely like I do and your firm is making you go back to the office, don't be afraid to seek better opportunities. Make sure not to quit your job before securing an offer though, unless you know what you're doing.

    submitted by /u/forImmediateRelease
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    After taking my high school accounting class, I know this is the career for me

    Posted: 27 May 2021 08:05 AM PDT

    when i furst signed up for my school's Accounting I class, i thought accounting was just about keeping financial records of transactions and presenting those results with reports and analyses, but over this year I've realized that it's so much more.

    when i first opened that excel spreadsheet, it felt daunting. i had to write down liabilities, assets, all these big words that really confused me. but it was really my teacher that helped me find ym passion for accounting. when he explained how "debits equal credits", it was like Siddhartha explaining the four noble truths. i applied these facts to my life as well: life is the same way after all, you never really lose something, it just moves from the credit side to the debit side. when i broke up with my girlfriend, i was severely depressed for a couple weeks, but i knew when i was down, i could just return to that ledger and underline those sums.

    Then when I met some new girl, I knew just what to do. I told her, "babe, you got nice assets." She was kinda shocked and said she really only thought of me as a good friend. I said that's okay, and I really meant it. After all, every debits also got a credit. And there are plenty of assets in the sea.

    My teacher told me i had a real knack for accounting. I'm ahead of my whole class. i have to be given extra assignments just so i have something to do. "You're a prodigy," he tells me. It's one of the only things I really feel I'm good at. When I was a kid I was really good at Smash Bros, or at least better than friends, but then I went to a tournament and realized how mediocre I really was. But accounting comes naturally. It's truly something else. I can't wait to go to college to pursue this beautiful art.

    submitted by /u/MotuPatlu34
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    *cue immediate dread when asked to provide the workpaper behind the printed output*

    Posted: 27 May 2021 11:06 AM PDT

    Im at big 4 and depressed. Does it make sense to leave?

    Posted: 27 May 2021 05:36 AM PDT

    Iv been here for a year. This shit is depressing. You have no work life balance. Managers load work on you and no coaching what so ever is provided. Does it make sense to leave for industry after 1 year? I might make it a couple more months but I cant handle busy season again.

    Im partly ACCA qualified. Last 5 exams left.

    submitted by /u/Curiousbeing639
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    CAN CFE - did they expect us to know wtf Non-GAAP FS is? Like I have never in my life heard of NON GAAP FS till I wrote my CFE exam today.

    Posted: 27 May 2021 01:58 PM PDT

    So Fucking Lengthy

    submitted by /u/fiery_softy
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    KPMG launches remote work policies to combat fatigue

    Posted: 27 May 2021 10:09 AM PDT

    (CAN) CFE - DAY 2 MEGATHREAD

    Posted: 27 May 2021 02:59 PM PDT

    How'd you guys find it?

    submitted by /u/MindTheGAAP2021
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    **Serious** Accounting is an amazing profession and we shouldn’t take it for granted.

    Posted: 27 May 2021 09:28 PM PDT

    My friend in another state told me he finally landed a job working in a lab. He completed his biology degree 8 months ago.

    He makes 8.50 an hour...

    Ladies and gentlemen, we have all the opportunity in the world. It's unbelievable. We have the potential to make 100k before the age of 30 EASILY. There are ppl out there that would kill for a 50-60k salary.

    Srsly not to flex, but I, the 19 year old teenager with a 3.2 GPA from a community college who is only just about to finish their sophomore year, am making 26 dollars an hour; THATS OVER 3 TIMES WHAT MY FRIEND MAKES.

    Now I'm in a much higher cost of living state, and the gig I got is certainly not something everyone has the opportunity to get, but point being we have it GOOD.

    Is there bs? Yes no doubt. Are there a bunch of hoops and hurdles? Certainly. But actg is truly the profession with the path of least resistance to success and wealth. I truly feel that way in my heart of hearts.

    It's not as difficult to enter market as other professions, earning potential is among the highest if not in the top 5 (think CFO, Controllers, Partners, VPs, C suite, etc...). And there are plenty of gigs out there.

    It has its flaws like every other profession, but actg is CRIMINALLY underrated among the general public circle.

    We have it real good. Be thankful to God and continue to strive to be in the best situation possible.

    Good luck yall.

    submitted by /u/muhammed-jordan
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    [Can] Failing the CFE three times?

    Posted: 27 May 2021 08:37 PM PDT

    I can't say it won't happen. According to the CPA, they de-register you and your CPA journey basically ends. Based on pass rates, 10% never make it.

    So at that point, what are your options? Should you even continue working in accounting without the CPA?

    Is CFA or US CPA an option? Leave accounting for good?

    I have my last attempt remaining and there's no backup plan. Either I pass or I'm done for. No one is going to hire an accountant who can't get the CPA.

    submitted by /u/tooo_spicy
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    Feel I’m about to get fired from first job out of college, need advice

    Posted: 27 May 2021 03:47 PM PDT

    Started working 6 months ago after getting laid off as an intern last May, I also graduated in May with 150 credits. Scored a good job but yesterday my boss had a meeting telling me my performance is poor but he understands and is going to give me a list of goals to accomplish before July. I think that one of the partners hates me cause some of the criticism was ridiculous (bad at excel, poor attire, etc.). I've made some mistakes in missing PY items but it has gotten way less frequent but the partner basically assumed I knew nothing and stopped assigning me work after 1-2 times.

    The salary was very generous and I did very well during the interview and was hired immediately. Anyway it's pretty bleak now, there was 2 other new hires (1 office, one full remote, one part remote) that have stopped being assigned work based off their timesheets. Based off the conversations I heard in the background the part remote guy only worked one hour and was terminated. I saw they are accepting new resumes on the file system as of this week, I fully expect my firing is imminent.

    This is a tiny cpa firm with like 5 employees and apparently there was drama right before I started that included a partner leaving.

    Not sure if I should just study for the cpa and work side gigs and get unemployment or go straight back into a career.

    For what it's worth, I am 28, living in a crappy cheap apartment and I worked in tax. Any advice I'd appreciated. I feel like I spent a shitload of time for this career and it's been one disappointment after another and a huge waste of time/effort

    submitted by /u/chiwawa404
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    Do any of you work 40 hour weeks?

    Posted: 27 May 2021 08:02 PM PDT

    I'm strongly considering majoring in accounting this fall, but reading so many stories of people doing 55 or 60 hours a week is really turning me off.

    Is finding a 40 hour week even possible?

    I live in the Washington DC area if that matters

    submitted by /u/cumrockettothemoon
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    How could you actually WANT to go back to the office?

    Posted: 27 May 2021 09:16 PM PDT

    Just saw that front page top post about wanting to go back to the office. What the fuck? To OP and all of the other new hires in that thread, you guys are new but see how you feel in a couple years. Busy season you're going to have to wake up early, get dressed/do your hair/eat breakfast/whatever your morning routine is. Then you commute to work (15-30 mins on average I'm guessing). Then you get to the office and get 10 hours of billable done in 12 hours because you went out to lunch for an hour/talked to co-workers a bit/went to the 5th floor to go play ping pong to take a break/etc. Then you drive home and you're beat. Then you're expected (if you really are new) to study for the CPA for 2-3 hours. Then you go in and do a half day of this on saturday. Okay now you're going insane and thinking "why the hell am I spending 90% of my life looking at rich people's finances for this shit pay?" You literally do not have a life during busy season. You want this?

    WFH gives you SO MUCH MORE TIME BACK if you're not a dumbass. I "work" 10 billable hours in 8, because I do the return fast, and plug extra time on every single one I do. Pretty sure the higher-ups know this so they want us all back in the office. You guys "wanting" to waste your life slaving away in an office to grow someone else's business are batshit insane.

    submitted by /u/randomusername849493
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    That’s it, I’m switching careers...

    Posted: 27 May 2021 11:48 AM PDT

    Basically I’m a failure.

    Posted: 27 May 2021 08:06 PM PDT

    I messed up the last 2 semesters and it took a toll on my GPA. I have good amount of internship/work experiences. I'll be graduating in 3 months and I'm worried I won't be able to land a job because every entry level position I see has a GPA requirement.

    I want to know if anyone was in my situation and how you were able to overcome it. Also, do hiring managers/ recruiters really pay close attention to our grades?

    submitted by /u/comeback_kid123
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    Considering a career in accounting

    Posted: 27 May 2021 04:46 PM PDT

    Some background on me is that i have been a senior administrator for the last 13 years in the energy market (back office). After being made redundant and finding a lower paid admin job, i was considering a career in finance but 2 things scare me. The fact that an AAT in accounting is pretty much needed and the fact that literally every low level accounting job requires experience to work there (an AAT seems pointless without the experience to back it up).

    After looking online on how other people have tried to get into the accounting industry, some people have mentioned that they started out as a payroll administrator, accounts payable junior or purchase ledger (and then obtain an AAT while doing these roles). Are these roles viable for getting into the industry and whats usually the criteria for these jobs as job searches also show that these roles also require experience :(

    Thanks in advance

    submitted by /u/satindressphoto
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    Hopes of getting a government job at age 30?

    Posted: 27 May 2021 09:27 PM PDT

    I'm back on track but I made many mistakes early in my life. By the time I graduate I'll be 29 and I currently have no adult job experience.

    I want a government job because I value the hours and benefits more than the money I'd get in public.

    Is it realistic to get a government job at this age? Or a pipe dream?

    submitted by /u/cumrockettothemoon
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    Anyone else losing all ambition?

    Posted: 27 May 2021 03:19 PM PDT

    Fuxk this shit.

    submitted by /u/Soxonmyfeet
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    Finishing my first week in public. Does it get any better?

    Posted: 27 May 2021 04:07 PM PDT

    Honestly, it's boring as hell and "teaching me" is somehow defined as I'll write down a to do list in all short hand without any instructions on how to actually do anything or definitions on what the short hand is. Trying to figure everything out is entertaining but when I work out what I'm supposed to do it's like a trained monkey could do this job. Does it get any better???

    submitted by /u/Frantic_Rewriter
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    Thanks for volunteering!

    Posted: 27 May 2021 09:51 AM PDT

    I’m considering leaving the firm I’m with and starting my own

    Posted: 27 May 2021 10:25 AM PDT

    I am a manager at a large national firm and seriously considering opening my own shop. It seems like there are a lot of people retiring now leaving opportunities to transition their clients. In my area there are many small offices with one or two CPAs that appear to do pretty well.

    Anyone here set up their own shop recently that can give some pointers?

    I'm planning to offer Reviews, Comps AUPs, Tax and general accounting services for SMBs and nonprofit organizations. May offer audit services in the future. I am looking to start with Lacerte for tax software and will use TR products as needed for any assurance work.

    All input welcome.

    submitted by /u/Cpamadman
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    Tips on getting first accounting job with no experience while in school (co-op/internship)?

    Posted: 27 May 2021 08:31 PM PDT

    Interested in getting experience in accounting to see whether it's the right career path. Planning to graduate in 2 years

    submitted by /u/Mental-Lab-3983
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