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    Accounting Hmmm how can we stop people resigning 🤔

    June 10, 2021

    Accounting Hmmm how can we stop people resigning ��

    Hmmm how can we stop people resigning ��

    Posted: 09 Jun 2021 03:44 PM PDT

    The minute you put ", CPA" in your LinkedIn name

    Posted: 09 Jun 2021 07:21 AM PDT

    Your grandfather vs. You

    Posted: 09 Jun 2021 08:01 AM PDT

    When you open your computer to an email from the manager asking how the audit is going

    Posted: 09 Jun 2021 05:14 PM PDT

    Who doesn’t love working more hours than they ever did before WFH?

    Posted: 09 Jun 2021 04:00 PM PDT

    When you have your filter on

    Posted: 09 Jun 2021 06:04 PM PDT

    When some Canadian provinces let you keep your legacy CA tags

    Posted: 09 Jun 2021 03:03 PM PDT

    Auditing - Does anyone ever feel like their job is pointless

    Posted: 09 Jun 2021 05:40 PM PDT

    Current b4 employee and wondering if I am the only one who wonders why public accounting is a thing. I know what you are thinking, "this guys dumb af because we are here to give trust to the users of the financial information of our clients"... but how many of you have found errors and then worked with the client to fix those same errors. And in a lot of cases it's just a bandage on a major problem. We go through all this trouble to risk assess away, get misstatements below a certain threshold, and ultimately do as little work as is possible for our clients to file their financials with as few hiccups as possible.

    This isn't a job where we add value to the company and in my opinion we don't even bring trust to the financial markets. We just bring enough reasonable assurance that the numbers are "probably right" because we found a couple "random" samples that made our templates work, which got the error below a threshold.

    This is not a well written piece but you get the point.

    Edit: TL/DR - auditing doesn't add any value to trust. We are servants of the client not there to verify information is correct.

    submitted by /u/CantTieOut
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    I turned Smothering Tithe into a tax form

    Posted: 09 Jun 2021 10:37 PM PDT

    Another benefit of working from home.

    Posted: 09 Jun 2021 05:27 PM PDT

    I can scream and curse at the computer as loud as I want. There are no ez tax returns for me.

    submitted by /u/ps345lover
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    Review notes are awful

    Posted: 09 Jun 2021 11:07 AM PDT

    Getting review notes 2 weeks after doing the work, I can't remember what I did a minute ago much less 2 weeks. Then having to piss off the client with stuff they thought was finalized. Review notes suck.

    submitted by /u/AverageEcstatic3370
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    I got the “Ah sht we need a senior asap” early promo

    Posted: 09 Jun 2021 12:21 PM PDT

    Expecting to have the worst busy season now since we are understaffed af. Does it look bad if I start applying with only a few days as a senior?

    submitted by /u/Letmetaxthat
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    Accounting is all totally bullshit

    Posted: 09 Jun 2021 01:01 PM PDT

    Many of you may have already realized this but today it's finally reached me and I've finally realized it's all totally bullshit. all of it. everything they taught you in school, everything they taught you in training. i've been horseblinded for so long fuck im so pissed where the fuck is my la croix.

    Let's take 606 for example. If you were to name a color palette in Excel "606" - what colors would be on the pallet? GREY. THE WHOLE FUCKING THING WOULD BE GREY!

    Oh okay you want me to research principal vs agent treatment for this transaction? Done. Memo written. Oh that's not the treatment you wanted? Okay - memo written, with the entirely opposite opinion. lolz. Got it.

    I guess I'll just delete that first memo.

    Oh we sent it to the SEC for buy-in? Super. Got buy-in from the SEC on the treatment? Super.

    Alright 2 years later we're finally rolling the product we built around this letter. Keeping in mind we built the entire product and spent millions of dollars just for the accounting treatment. lolz

    Assess the product to make sure it complies with how we described it in the memo? OK NP. No not the first memo, the second version, the one we want.

    "It doesn't comply, It didn't even comply before".

    erm okk

    Okay update the memo to get it to comply. No the second memo. We need this treatment to meet our gross margin targets the next 3 years. "Ok"

    Goes to controller - "since when did we start fucking massaging our treatment of revenue to meet the goals of those fuckers in FP&A"

    Controller: "we have a comment letter from the SEC that says its fine"

    "the product and how we described it in the original memo aren't the same"

    Controller: "Stay in your lane, you're out of your wheelhouse"

    Controller: proceeds to tell me the dozen other times in his career he has adapted the book treatment to be favorable to company results, but within the bounds of the "grey-area"

    "well this is all fucking bullshit"

    Controller: nods head

    guess i'll reach out to a few other controller and technical accounting folks I know and ask them about similar situations

    these people: "yeah we've done the same shit"

    WTF

    *goes back to the memo and "adjusts" the verbiage to loosely (but enough) meet the reality of the product*

    *product launches*

    well at least I have stock comp to sell during the nights I can't fucking sleep now.

    btw this is big big tech, several different companies. it's all fucking bullshit.

    why is there no "rant" flair

    /the end

    [edit] To the SEC, go fuck yourself, this is satire, obviously.

    submitted by /u/constantlyanalyzing
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    Why do they assign senior level work to A1/A2’s ?

    Posted: 09 Jun 2021 06:46 PM PDT

    I mean it's good we are getting exposure to harder stuff early but at the same time it's more stressful lol

    submitted by /u/freedybox
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    What do you anticipate will happen with the expected CPA shortage in the future?

    Posted: 09 Jun 2021 08:11 PM PDT

    I heard like 70% of CPAs will retire in the next 15 or so years. What's gonna happen to attract more accountants? If public accounting hours get worse, more accountants will leave or switch careers and the problem will never get better.

    Higher demand=more pay??💵💰💲

    submitted by /u/AwesomeEm77
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    First day in the office tomorrow as an intern, am I supposed to shake people’s hand or not because of COVID?

    Posted: 09 Jun 2021 06:05 PM PDT

    Cool Jersey? Or Kool Aid?

    Posted: 09 Jun 2021 05:02 PM PDT

    10++ yrs of external/IA experience, with B4 (big cities) and big fortune 400 IA function. Want to go back into B4 or mid size or small size advisory. Small size= fastest track to partner, Mid = fast B4= slower. Any partnership considerations to keep in mind when making decision?

    Posted: 10 Jun 2021 12:41 AM PDT

    Does a short break (2-3 months) harm my career prospect? UK based PQ accountant

    Posted: 10 Jun 2021 12:40 AM PDT

    I am thinking about quitting my current job (Senior Accountant) and taking a short break (2-3 months maximum) and finishing my final exam. So, does the gap in my CV harm my career prospects?
    Is the job market improving?
    My background:

    I work near Oxford, UK.
    I have been with my current employer (plc equivalent large private company) for 1.5 years. Prior to that I was with the same plc company for 6.5 years straight after university.
    Current salary - £40k p.a.
    Given my workload, I will really struggle to study while in full time demanding role.
    My intention was once I pass my final exam, I'd apply for next role either in Oxford or London (commute by train).
    I am currently in the process of house move as well for which I could use extra time. I have enough savings to last me for 8-12 months while I look for another job.

    submitted by /u/Sureraccoon3222
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    CPA looking to move to Data Analytics

    Posted: 09 Jun 2021 10:49 AM PDT

    I found a job opening for a Sr. Data Analysts in their Accounting Department and was thinking about applying but wasn't sure how much I should know when I apply.

    I'm strong in Excel, basic SQL knowledge, and I have Alteryx experience. I figure my accounting knowledge will give me an advantage for this type of job.

    I don't have experience with Python or Tableau other than demos however.

    Any advice of where I should start if I wanted to pivot into Data Analytics?

    submitted by /u/MoMoneyMoSavings
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    Does Big4 tax really pay more than mid-tiers? Worth it?

    Posted: 09 Jun 2021 08:00 PM PDT

    I'm going to work for a year either at big 4 or mid-tier tax for a year to get CPA, then start law-school to specialize in taxation.

    Comparing, say, Deloitte to BDO. Is the starting pay between the two really significant; particularly considering hours worked? (I'm assuming Deloitte demands more).

    I only really care about pay broken down by hours worked, and resources/time to study for CPA in off-season.

    submitted by /u/KurkTheMagnificent
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    Dating a partner

    Posted: 09 Jun 2021 06:13 PM PDT

    Is it possible for a manager in public accounting to openly date a partner in a different department? Or will it always be frowned on for a partner to date any employee regardless of level/department? I'm talking about more regional firms, not so much big 4.

    submitted by /u/StrongHourglass
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    CohnReznick Tax Offer

    Posted: 09 Jun 2021 06:27 PM PDT

    Hi guys,

    I received an offer for a tax associate position at CohnReznick for this November. I started my career in Financial Reporting preparing financial statements, 10Qs and 10Ks for private equity funds and recently got my CPA so I'm looking to transition into public accounting and get some of that experience. I always felt that tax appealed to me more than audit. Having started in industry the past 3 years, I feel like I'm stuck in no-mans land when it comes to what to apply for for public accounting roles. I do not quality for senior positions but I also feel out of place applying for entry level jobs that I feel I'm taking from kids straight out of college.

    Couple questions:

    1. Does tax truly limit your exit opps? I can't say I always wanna be in tax. It kinda scares me as I'm 26 and I still can't say 100% what I want to do with my career but I figured this is my foot in the door.

    2. The office I'm going to focuses a lot on construction and real estate, not necessarily what I'm interested in but I'd give it an honest try. Is it typically easy to ask to get some experience in an industry that does interest me like hedge funds/PE?

    submitted by /u/Careful_Analysis9758
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    Is it possible to develop skills by learning Xero and Quickbook through online sources?

    Posted: 09 Jun 2021 07:49 PM PDT

    I'm highly interested in learning Xero and Quickbooks and I have already gone through some videos on youtube.

    I'm looking for something in a series format, starting from basic to advancements.

    Short and simple and resources for practice.

    Is there anyone who have learnt in this way, it would be great if you can share some experience?

    Thanks to all.

    submitted by /u/hard2resist
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