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    Saturday, June 5, 2021

    Accounting Back to Office

    Accounting Back to Office


    Back to Office

    Posted: 05 Jun 2021 05:54 PM PDT

    Starting an industry job during month end close was a poor decision

    Posted: 05 Jun 2021 01:54 PM PDT

    My first day was 6/1. Came over from PA. Everyone on my team has been neck deep in their assigned closing tasks all week and I, knowing literally nothing about the job, have kind of just been waiting around for someone to suddenly have an hour to walk me through this or that little task. Then once that's done, it's back to waiting around.

    I forgot how difficult and slow starting a new job can be. Especially when everyone else who could normally train me is too busy right now.

    submitted by /u/stevis33
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    Salary and "Raises"

    Posted: 05 Jun 2021 04:47 AM PDT

    I'm trying to decide how mad I am about working at my current company. My "raise" this year was around 500 for the entire year. I swallowed that one since I started last year. However, now I find out that another accountant they hired that does half the work that I do makes 10,000 more. My boss and HR's response: "You should be grateful everything here is so wonderful we all shit rainbows. This kind of talk would get you fired in other places."

    I'm contemplating quitting. Every day I go to this place, I feel soul crushingly tired.

    submitted by /u/BasicallyInvisible
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    Thinking about switching to data analytics

    Posted: 05 Jun 2021 08:31 PM PDT

    I'm currently interning at a small data analytics firm and am enjoying it a lot. I'm supposed to go down to Dallas to work for a public firm in October in their private client services practice. I'm finishing my MAcc in July and have already finished the CPA exam.

    The reason behind my thoughts of switching are that I enjoy the computer side of accounting a lot, and that's a lot of what I'm doing in my internship currently. Also I like the idea of working 40 hours a week consistently.

    Has anyone else switched to data analytics before starting their career? Is it bad to not go straight into public accounting? Any advice is greatly appreciated!

    submitted by /u/Seb_Seb_Seb_Seb
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    Received a 4.4% raise on Friday as a top performer after a 4.1% raise in 2020. Am I being screwed?

    Posted: 05 Jun 2021 04:40 PM PDT

    Regional firm (150 people), 30m in revenue, LCOL, senior, top performer (great reviews and top 3 in the firm in charge hours).

    Last year almost everyone I talked to received around 4% (staff - manager). We all chalked it up to COVID and were happy we even got a raise & bonus after a lot of firms in the area either cancelled raises or bonuses.

    However, yesterday I received 4.3% and I'm livid. In my mind I don't work in public accounting (1,700 charge hours / 2,500 total) for a 4.3% raise. And on top of it, this year inflation is sitting around 4.5%, so this isn't even a cost of living adjustment, I actually have less spending power.

    Is my firm being cheap or is the state of LCOL firms?

    submitted by /u/debitsandcredits_
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    Now: Extremely Proud and Excited; September 2021: Extremely Overworked and Underpaid

    Posted: 05 Jun 2021 12:42 PM PDT

    Wiley sucks):

    Posted: 05 Jun 2021 10:49 AM PDT

    Wiley sucks):

    https://preview.redd.it/v1gg0hyqih371.png?width=1653&format=png&auto=webp&s=20c17a15422a74650a355c10eae5d55c86ee4343

    Update: It turns out the answer was " leveraged buyout" instead of "leveraged buyouts"

    submitted by /u/sushimonster13
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    Leaving right after paid holiday?

    Posted: 05 Jun 2021 07:15 PM PDT

    [Throwaway] Planning to quit KPMG in the next few weeks (still negotiating with new job so haven't pinned down a start date yet,) but if I can I'd like to cash in on the summer shutdown week (7/5-7/9, non-PTO paid holiday) before I go.

    So what would you do in this situation/what would make me look like an asshole the least:

    1. Give more than 2 weeks notice to be "nice", and ask to leave right after the break in return?
    2. Give standard two weeks including the break, leave right after break anyway
    3. Wait til after shutdown then give 2 weeks (might be a stretch to ask the new job, would be 6 weeks out from now)
    4. Just leave ASAP and don't cry over 1 week's pay
    submitted by /u/kpmtw098
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    Get CPA in Canada and work in South Korea

    Posted: 05 Jun 2021 03:03 PM PDT

    Is it possible to get CPA in Canada and work as CPA in South Korea?

    submitted by /u/Capital_Tonight2206
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    Feeling burned out even in industry. I miss helping people. Anyway to use our knowledge for some good? Volunteering or mentoring or something?

    Posted: 05 Jun 2021 09:22 PM PDT

    I'm in SOX so it's been really hard to find meaning in my work lately. My company in particular has been pushing the business owners to own their processes and the general walkthrough requests, which is nice and best practice and everything, but I really don't feel like I'm ever helping them at all now - just reaching out when I need something. Our team is pretty siloed, so there is not a ton of opportunity to help my coworkers. I just miss helping people. I've started wondering if this is the wrong career. Audit in general has been hard with the constant requests I make of other people.

    I'm not really interested in doing VITA or other tax prep, I did it in college. Is there anything else? I'm fairly proficient with personal finance stuff, I would like to help people with that type of thing. Or should I start thinking about a career change? I thought SOX was good, the workload and pay are decent...

    submitted by /u/fradigit
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    Fully WFH Job Ops

    Posted: 05 Jun 2021 06:41 PM PDT

    I just graduated with my bachelors in accounting with 225 credits so I am CPA eligible and I have done two busy season internships (last busy season with a top 15 firm). I start full time this fall in audit. Here's the deal tho:

    I want to work WFH permanently so I can travel/live abroad and still earn USD. My current employer won't allow this and tbh, I don't really want to work in public accounting anymore so I'm considering making a pivot. I'd like to work max 40 hours a week and make at least 50k a year while working internationally from my laptop.

    Questions:

    Has anyone done this before? How has it impacted your career growth? Any recommendations on where to snag such a job? Would having my CPA make it easier to find a job like this or would it not matter? Any other info would be cool too, I just wanna travel while I'm young but also don't want to be broke and fuck my career up while doing so.

    submitted by /u/thenumberpounder
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    Looking to get into MAcc program in California. Current GPA 3.08

    Posted: 05 Jun 2021 08:37 PM PDT

    I'm a current 3rd year and I'm looking to get into a MAcc program in California. My current GPA is 3.08. However, I just failed Intermediate Accounting II and will need to retake it in the next year. I do plan on taking the GMAT, but I don't have any scores to show for yet. Please advise on what you would do if you were in my situation. What are the odds of me making it in to said programs? I'm panicking and not really sure what to do.

    submitted by /u/SnooKiwis9996
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    Rejecting an offer after you accepted it?

    Posted: 05 Jun 2021 06:04 PM PDT

    In short, I got a much better offer.

    submitted by /u/tlbking99
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    What's going on with everyone's return to office plans?

    Posted: 05 Jun 2021 05:07 PM PDT

    I'll start. I'm in industry. They want to welcome us back September 20. However, they have instituted a new "hybrid work plan" that gives leeway to hybrid or remote work schedules as appropriate determined with management.

    submitted by /u/MAIRJ23
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    Finding my first job in Public Accounting

    Posted: 05 Jun 2021 05:00 PM PDT

    I will be a senior this fall and I was wondering if you have any tips for me to look for a job in Public Accounting. I graduate in May 2022 so I was wondering if I should already start looking for a full time job for the future? I'd appreciate any tips/personal experiences! :)

    submitted by /u/anxiousstudent7
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    Accounting or law?

    Posted: 05 Jun 2021 04:55 PM PDT

    Hello! I just finished my undergrad and have been working full time at a post in federal govt.

    Last week, I got an offer from one of the law schools I applied to in my province and I'm hesitating between whether I should go for that or pursue my CPA. As it stands, I haven't started any of the courses or spoken to the program mentor in my division.

    I'm most interested in tax and either way would like to specialise in that field. I don't think I'd be planning on staying where I am - or at least the division I'm in currently- long term, just because even though I really like my coworkers, the prospects for advancement or getting to work on more specialised issues seem really low. If anyone here would be able to correct me on that, I'd appreciate it.

    I don't have a lot of time left before I'm supposed to respond, but I'm just not sure what would be the best path for me to go down. Sorry if this isn't the right place to ask!! I'm just super stressed about this and trying to get as much advice as I can.

    submitted by /u/doodella
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    I'm close to getting my first accounting-related job, but references aren't answering reference checks even after they agreed to be a reference. What should I do?

    Posted: 05 Jun 2021 03:05 PM PDT

    Hey everyone, I wanted to post this in r/jobs but since my account is a throwaway I think it was filtered out. I was hopeing you guys and gals could give me advice?

    I interviewed for an entry-level position after finishing my degree. This will be my first full-time, professional job. I did three rounds of interviews, and to be honest it seemed like a perfect fit since they seemed more like conversations, and I really liked the environment there. Later that day, I got a call saying I was one of their top candidates for the role.

    I gave them the contact information of my coworkers who agreed to be references: Two coworkers and one friend/former coworker. They started the reference check on Thursday. Only my friend/former coworker has answered and I found out one of the others is out of the country so their phone is not working. The last reference was working and missed two phone calls from the hiring manager, but I reached out to him and asked him to call them back on Monday during business hours as a big favor lol.

    I feel like this is a good reason to reach to the hiring manager and explain the situation while providing the contact information for another reference. I've heard of candidates being passed up because of something like this, and I feel like I'm giving HR a lot of work by making three reference checks take up multiple days.

    How would I go about explaining it? I'm worried that if I mention one of my references is out of the country it could be seen as poor planning on my part. Thanks!

    submitted by /u/5346984535
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    CPA Study Material

    Posted: 05 Jun 2021 06:24 PM PDT

    Which company did you go with and what did you like about it? I'm leaning towards Roger CPA

    submitted by /u/TomatilloOk9819
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    can you be a CPA with an accounting minor and math major? do i need to go to grad school?

    Posted: 05 Jun 2021 10:01 PM PDT

    i'm not eligible for majoring in business because i graduated high school with 60 credits and my associates so my school won't let me change my major to accounting so i'm minoring in it instead and majoring in math but i dont know if i have to go to grad school for it or not. sorry if this question sounds really dumb, i moved to america for high school and college so i dont know much about how college works here 😓

    submitted by /u/Apprehensive-Bird328
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    Non-accountant confused on math on leverages

    Posted: 05 Jun 2021 05:20 PM PDT

    Non-accountant confused on math on leverages

    Sorry if this is the wrong place to post this. I am not an accounting major, was just reading this Investopedia page and was confused on their numbers.

    The article talks about leveraged ETFs and comes up with an example where an asset losses 1% for four days then gains 4.1% the following day. It then says that the traditional asset will breakeven, but the 2x leveraged one will still be in the negative. They had this chart:

    https://preview.redd.it/9la4m7fqfj371.png?width=745&format=png&auto=webp&s=4054a73a810c843ef6f0ba1ca25ddea4ae7e2dc1

    However, I worked out this scenario of the 2x leverage in google sheets (using my limited and probably flawed understanding of finance) and got something completely different:

    https://preview.redd.it/e43iw1u8gj371.png?width=575&format=png&auto=webp&s=841af29c4006cdd386d2f9468d94dc6da06f5d54

    My thought is 2x leveraged means 50% is equity and 50% is borrowed, and then I just went from there with the percentage change from the scenario.

    What did I do wrong? From my chart, it looks like the 2x leveraged one also breaks even. Is this the difference between rebalancing and not rebalancing? If so, why would something leverage ever rebalance?

    submitted by /u/purpledfish
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    Tax to Private

    Posted: 05 Jun 2021 09:02 PM PDT

    Any advise for someone no longer interested in the PA/CPA life and looking to move to industry? Worked in it for approx 2.5 years (about 2yr as FT staff), tired of the hours, don't want to put in time for CPA, plus I'm also 30 college units short of what you need for license in my state (CA). Also, overall thoughts on moving from tax to private with no audit experience?

    submitted by /u/nml1023
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    [CAN][US] Transferring Canadian CPA to US CPA without Public Experience

    Posted: 05 Jun 2021 08:40 PM PDT

    I'm a bit curious on the process/capability of transferring a Canadian CPA to a US CPA if anyone has gone through that experience before.

    According to Canada's CPA website here you require to be approved for Audit or have gone the Public Accounting route in Audit and Tax? Does that mean it's impossible to transfer if you went through the Industry route?

    submitted by /u/Doomsun3
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