Accounting Industry gang just trying to survive quarter close |
- Industry gang just trying to survive quarter close
- Me watching my friends today when they have July 5th off, meanwhile Monday is QE Day 3
- I miss my old job
- Look at the Horse Shit being peddled to the media by these losers
- Living in NYC on an audit salary
- Does anyone have a 4 day work week?
- Peter Olinto’s new job?!
- I have probably the worst senior ever. She barely does anything. When she can’t finish her work, she turns to me. But still she acts like a jerk to me ATT. Can’t believe she’s getting promoted to manager. Perhaps I should stay longer to ascend to Partner.
- Deloitted to find out r/Accounting is leaking
- When do you learn what fashion you have to have as an accountant?
- CPA requirements
- Thoughts on certifications to accelerate career growth?
- Why are half of the posts on here people complaining about their job?
- If you don't have manufacturing costs, under what account would you book employee salaries?
- Help...This is a wild one...!
- Update on my previous post. I’ll be a Senior IT Auditor at Protiviti. What’s the industry’s thoughts on Protiviti overall?
- Is suit necessary for big 4 audit?
- Getting an accounting certificate from a community college?
- What type of job should I be aiming for? Looking to move from CAN-->USA
- The CPA license is simply a form of unionization.
- I need help
| Industry gang just trying to survive quarter close Posted: 04 Jul 2021 03:31 PM PDT
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| Me watching my friends today when they have July 5th off, meanwhile Monday is QE Day 3 Posted: 04 Jul 2021 09:21 AM PDT
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| Posted: 04 Jul 2021 07:12 PM PDT Old job was a 8-5 whereas now I work over 12-15 hours during quarter end. Under such long hours and demanding workload, I've made mistakes and got called out by the other parties. People sent me rude emails with all my team members copied. My boss didn't reply to them or said anything to me, I'm a bit disheartened because I feel there's no support. This is not the lifestyle I want or signed up for. All my friends get tomorrow 7/5 off, but it's just a regular Monday for me. This is a new job but I'm already burnt out. [link] [comments]  | ||
| Look at the Horse Shit being peddled to the media by these losers Posted: 04 Jul 2021 05:33 PM PDT
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| Living in NYC on an audit salary Posted: 04 Jul 2021 05:30 AM PDT | ||
| Does anyone have a 4 day work week? Posted: 04 Jul 2021 05:40 PM PDT Just like the title says. I'm getting tired of the grind. Enjoy the job for the most part, but really want to have more personal time. Any direction helps. [link] [comments]  | ||
| Posted: 04 Jul 2021 04:54 AM PDT | ||
| Posted: 04 Jul 2021 08:43 AM PDT | ||
| Deloitted to find out r/Accounting is leaking Posted: 04 Jul 2021 04:17 AM PDT | ||
| When do you learn what fashion you have to have as an accountant? Posted: 04 Jul 2021 08:33 AM PDT | ||
| Posted: 04 Jul 2021 10:23 PM PDT Hi everyone, Let's say someone works in public accounting for a few years in California. Then switches to industry. While in industry they pass the CPA exam. Will they still be able to get licensed? Thanks! [link] [comments]  | ||
| Thoughts on certifications to accelerate career growth? Posted: 04 Jul 2021 10:18 PM PDT For context: Halfway through my commerce bachelors, I started in a public practice firm right out of high school (luck) and been slowly chipping away at degree while working. Now back in public practice more as an onboarding manager for a new cloud accounting team we're creating at a mid sized public firm.
I wanted to get people's here thoughts on alternative career paths that are not in public, or at least not in the traditional staff-senior-manager-partner track. I know that accounting is developing quickly and becoming more varied - tech-overlap jobs such as what I'm doing, and working with systems more than on tax software is in high demand here.
On these paths, a common one that people with similar degrees to ours take is consulting or management. In that vein, I've been looking at certifications I can work towards alongside the degree as my work is looking to invest some training into me. I was in particular looking at PMI courses such as this: Project Management Basics as a way to build into CAPM
I'm interesting in hearing people's thoughts here on certs like this, and if anyone has taken this or something similar that they found useful. I know the PMP is considered increasingly valuable now, but it seems to require many years of hands on work experience which gets you into catch-22 territory finding project management work. [link] [comments]  | ||
| Why are half of the posts on here people complaining about their job? Posted: 04 Jul 2021 06:25 PM PDT (3rd-year accounting student here) I get that some accounting jobs are less than stellar, but is this reason enough to have >50% of posts be about how your job blows? I have yet to see a single positive post about accounting; again, I understand some accounting jobs are shit but there must be some positive aspects to such a job [link] [comments]  | ||
| If you don't have manufacturing costs, under what account would you book employee salaries? Posted: 04 Jul 2021 10:10 PM PDT Hey guys, I'm just wondering, if you have a digital product and there's no real physical manufacturing, would the employee salaries be booked into sales & marketing, and general & administrative? [link] [comments]  | ||
| Posted: 04 Jul 2021 06:18 PM PDT I have come across a unique situation and would like some professional input on potential options regarding a tax client of mine. These are the basics. Feel free to ask for more general information: Client started as an LLC in 2013/14 and then transitioned to an S Corp. the beginning of 2015. They had the S Corp. taxes prepared each year by an accountant who was referred to them, and for their individual income tax return, they went to a national chain. For the most part they did their own books (QuickBooks) throughout the year, and when it was time to have their taxes prepared, they would print a B/S and P&L to take with them to the appointment. According to my client, the complete preparation of the S Corp. tax return took on average less than one hour each year, mainly because the accountant would input the numbers directly from their paperwork into the software, while asking minimal questions and receiving no verification of account balances, which included negative account balances all over the balance sheet. The company was profitable every year, and in 2015 and 2016, they received refunds on their individual return. After 2016 they started to make significant income jumps every year. They retained my firm to prepare their 2020 S Corp. and individual returns mainly because they felt that their prior tax preparers did not give them enough personalized attention and they got the sense that things were not being done as thoroughly as they should have been. One of the first things that I looked at was the 2019 Federal Depreciation Schedule. It did not take long for me to find $31,250 in 2019, $13,500 in 2018, $36,700 in 2017, and $48,500 in 2016 of UNREPORTED income as a result of asset sales. I told the client that I could not help them prepare an accurate 2020 S Corp. and individual tax return unless they allowed me to amend their S Corp. and individual tax returns from 2016 through 2019 to include the $129,950 of unreported income. They have agreed to allow my firm to make whatever changes are necessary for their books to become accurate and current. Does anyone out there know what the potential penalties could look like for a situation like this? Once the amendments are completed, my client is prepared to make payment in full immediately, but they are concerned about possible criminal charges. In my career I have never seen taxes screwed over on such a severe level. The prior accountants obviously should have admitted to the client that these returns were above their knowledge base. Instead, they plugged what seem to be random numbers into the return that do not always match those from the balance sheet or 1099-K's. Hmm... [link] [comments]  | ||
| Posted: 04 Jul 2021 12:50 PM PDT | ||
| Is suit necessary for big 4 audit? Posted: 04 Jul 2021 10:05 AM PDT Will be starting big 4 audit soon and was wondering if a suit is needed. Or can I get by with dress shirts + pants? With the WFH culture, i'm assuming dress code became even more casual? [link] [comments]  | ||
| Getting an accounting certificate from a community college? Posted: 04 Jul 2021 10:33 AM PDT I have a BS in Mathematics (graduated in 2015), with little success in landing a job. My technical experience in excel and VBA programming would look good in my resume, but I still have to learn a lot of accounting terms when asked multiple questions at an interview. Would getting an accounting certificate look good in my resume if I already got my bachelors degree? [link] [comments]  | ||
| What type of job should I be aiming for? Looking to move from CAN-->USA Posted: 04 Jul 2021 05:59 PM PDT About me:
What sorts of roles should I be applying for in the USA? I'm looking at the Texas area. Ideal starting salary would be around $90k. Not looking in public practice [link] [comments]  | ||
| The CPA license is simply a form of unionization. Posted: 04 Jul 2021 09:25 PM PDT Let's be real, once you get into the hang of things, accounting isn't difficult. Sure you'll have curveballs here and there, but in comparison to work like being a doctor or an engineer, our work is a fuxking joke. Back in the 1950s, you could get a CPA license with simply a high school diploma. Take Walt Kofski, he was a well respected CPA who passed away in 2013. Take a look at this article to read more about him: http://captaincapitalism.blogspot.com/2013/09/10-years-of-unnecessary-hoop-jumping.html?m=1 Basically, the dude only had a high school diploma and was able to sit for the CPA back in 1951. THE MF BECAME A PARTNER, AND THEN LEFT TO START HIS OWN FIRM. Keep in mind, all with only a high school diploma. Now back to my point, how is the CPA a form of unionization? In order to answer that question, another one needs to be asked. Who called for the continuous hurdles to be added in order to become a CPA? Was it consumers who thought that their accountants or accounting firms were no good? Did consumers start to believe that their accountants were no longer qualified and needed further education? The answer is, of course it wasn't the consumers. It was people who were already in the industry that decided that there needed to be more barriers to entry. Why would they want to make things this way? Simple. Artificially lower the supply of CPAs and so called "qualified accountants" so that they could be compensated at a higher rate. Period. There's no reason that any Joe Schmo out there can't go do accounting. It's not that difficult. Does taking 150 units make you understand accounting more? Especially when half of those units were in total bullshit that you'll never use? Does taking four different exams that are all 4 hours each where you cram every single possible thread of knowledge into your system make you a better accountant than someone else? The answer to all of these is no. It's all implemented so that people who are currently in the profession do not have to worry about others coming in and kicking their asses. They are all a bunch of lazy fucks who parasite off younger generations like us. "I have a great idea guys. Let's have universities continuously jack up the price of tuition and tell students that if they don't go to college then we'll make it impossible for them to enter the accounting job market. Only 120 units? Nah let's make it 150 units. And if they really want to be compensated a higher wage, let's have them take this exam which is an incredible pain in the ass and incredibly expensive, but it'll be a very lucrative business for us since we can charge thousands in exam prep fees. And once we've sucked the soul and life out of them, they'll be enslaved to their student loans and we can work them 60 hours a week plus, working them almost for minimum wage, and they'll have no choice but to go along with it or they'll face bankruptcy." To every baby boomer and Gen X piece of shit out there who went along with this, all of you can fuck off. You are all a bunch insolvent financial dipshits who parasite off the youth cuz you cocksuckers don't wanna learn any real skills. Yes I'm talking to you 70 year old partner who doesn't even know how excel works. Your fat ass can't even fucking retire cuz ur such a financial fucking mess. TLDR: baby boomers parasite off of the younger generations through progressive credentialism, enslaving them in debt, and increasing barriers to entry so that they can protect themselves from being blown out of the water by people who aren't a bunch of lazy fucks. [link] [comments]  | ||
| Posted: 04 Jul 2021 05:29 PM PDT I need an accountant, if anyone could reply so i could dm, i have several questions regarding the first and second stimulus checks. All and any help is much appreciated. [link] [comments]  |
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