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    Accounting Basically

    August 11, 2021

    Accounting Basically

    Basically

    Posted: 11 Aug 2021 04:57 AM PDT

    Ask me questions about auditing, then edit them to make me look bad.

    Posted: 11 Aug 2021 03:24 PM PDT

    Every time

    Posted: 11 Aug 2021 03:03 PM PDT

    Sounds applicable here...

    Posted: 11 Aug 2021 03:21 PM PDT

    It actually happened

    Posted: 11 Aug 2021 03:42 PM PDT

    I can't believe there was people that actually did it, it seems like such basic principles that it would never happen. I actually saw Accumulated Depreciation - Land on the balance sheet.

    I'm actually mind blown because I always thought it was a joke for Reddit.

    Anyway that was a fun day now I need to quit PA

    submitted by /u/theleftairpod
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    Hey guys I'm at the client and stinking up the bathroom with a massive dump AMA

    Posted: 11 Aug 2021 08:14 AM PDT

    PwC pushes full office return back to November 1st.

    Posted: 11 Aug 2021 01:51 PM PDT

    Per today's webcast the full office return which was planned for mid September was pushed back to November due to delta concerns.

    Soft office openings will occur September 13th. People who want to go in to the office can,but nobody is required to.

    Also of note is PwC is considering all options in regards to a vaccine mandate. Company is sending out a vaccine survey to understand percentage vaccinated.

    submitted by /u/KCPanther
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    Comparing team optimism to…dogs barking? LinkedIn has gone full retard yet I cannot look away.

    Posted: 11 Aug 2021 05:31 PM PDT

    Pizza?

    Posted: 11 Aug 2021 01:15 PM PDT

    Alumni parties are the best!

    Posted: 11 Aug 2021 04:09 PM PDT

    What medical conditions have you developed thanks to PA?

    Posted: 11 Aug 2021 11:33 AM PDT

    I'll start

    -had to get a mouth guard from the dentist bc I clench my teeth so much during the day

    -stomach ulcer from too much coffee on an empty stomach

    submitted by /u/antibacterialsope
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    Just a quick thank you to everyone, I got the job!

    Posted: 11 Aug 2021 08:27 PM PDT

    For starters, I made a couple of posts (found here and here) and, as of today, I have accepted the job!

    For those in my first post where I asked about the role, thank you for giving me the advice and encouragement to pursue this role (although it isn't what I plan on doing, you have to start somewhere!).

    For those in my second post who gave me tips for what to wear for the tour, it all helped out as well! They were glad to see me not come in raggedy clothes and still stay professional.

    I won't keep anyone any longer, I just wanted to throw out a quick thanks for all the support, encouragement, and knowledge that you all threw my way (big or small, it all helped!).

    Stay safe everyone

    submitted by /u/Anonymous-1234567890
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    Ironically, it would also require a magic wish.

    Posted: 11 Aug 2021 10:10 PM PDT

    What would it take for you to stay in PA?

    Posted: 11 Aug 2021 07:26 AM PDT

    Like the title suggests, what would it take for you to stay in public accounting? As it looks like from the recent compensation threads, even with good raises, people are still leaving in large numbers.

    I've been reading books from the mid 2000s and employee retention was an issue then. And a 2015 study stated that the industry has an average turn over of 17% annually and if anything, it seems like it has increased since then.

    And it looks like we may have hit a point where there will not continue to be fresh waves of bodies to fill empty spots, as the number of CPAs has remained level over the past 9 years (https://ipassthecpaexam.com/number-of-cpa/) for a variety of reasons, and if so, it will increase pressure on those that remain in public.

    So, as someone that likes public, what could be changed so that more people stay in it? And I'll take suggests as to what you personally would want changed or overall suggestions about the industry or firms.

    submitted by /u/SRD_Grafter
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    Leaving big 4 after 1 year

    Posted: 11 Aug 2021 06:48 PM PDT

    I'm considering leaving Deloitte (advisory specifically) after 1 year. During the pandemic when they pushed everyone's start date back, they also changed the job title from consultant down to analyst. Now I'm watching people who are younger than me or the same age as me that did audit for 1 year transfer into my group at a level above me. Seems unfair that I have the technical experience in this group but because I got demoted they get to come in above me. Thoughts?

    submitted by /u/cute_gorl
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    I hit my breaking point. Screw all of this, I want out.

    Posted: 11 Aug 2021 10:55 AM PDT

    I can't take this anymore

    Call me a quitter, I don't fucking care but Accounting and Big 4 isn't for me. I talked about how this was a mistake here: https://www.reddit.com/r/Accounting/comments/otf27i/what_the_hell_did_i_get_myself_into_a_story_of_a/h6vni3y/?context=3

    And boy did it get worse only 2 weeks later

    Idk if it was the fever dream from the after effects of my J&J vaccine shot that finally broke me but I hate all of this.

    • The constantly emailing teams to follow up on stuff that they take forever on (probably cuz they get more vacation than us in the USA)
    • Not understanding a damn thing about Tax, let alone Accounting.
    • Being on the computer for 12 fucking hours a day.
    • Being constantly corrected on everything I do. JFC, how the fuck do you expect the non-Accountant to understand these workpapers when I have no idea what's going on?
    • I can barely keep up on one engagement so fuck me once they start really giving me more work.
    • WFH is killing me. It's saving me gas but it's so hard to learn and ask for help now.
    • Big 4 culture is sooo outdated and this is coming from someone who worked in a 60 year chemical plant with people as old as my grandpa. It's too fucking proper. Sorry I can type up a perfect email, like I'm a fucking Engineer, not a English major.

    Overall, it's just awful. I don't find anything interesting. I got fucked on my investments thanks to Independence. I don't know anyone except for my contact who got me into this role.

    I'm mostly pissed at myself because I only got into this because my contact (a friend) referred me (maybe it was just to get the FAT referral bonus on their end) but like, WTF, why did you think this was gonna work out? It's like, don't you know me? I also feel super bad cuz another friend of mine (former Big 4 accountant with a CPA) told me not to get into Big 4 and just take the other job offer I had but I just ignored them. Fuck I wish I had taken that other offer.

    I really wanted to give this a year to see what my raise and bonus was going to be but why bother when I'm not going to want to be in a Accounting career anyway. As far as I'm concerned, it's a waste of time when I can be working somewhere getting the experience I need to be better in that career field.

    So yeah, fuck me, I gotta start sending out resumes en masse and hopefully the recruiters/hiring managers will understand why I'm trying to leave a job that I have only been 2 months at.

    "You can't fit a square peg in a round hole."

    submitted by /u/claykiller2010
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    Did anyone else’s accounting professor pronounce “finance” as fuh-nance.

    Posted: 11 Aug 2021 03:30 AM PDT

    Thought this might be a thing. Corporate fun ants lol.

    submitted by /u/WillingnessOk8721
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    Industry accountant- no work?

    Posted: 11 Aug 2021 10:41 AM PDT

    I'm at a pretty large company in their accounting department and have not been doing pretty much any work for the past 3 weeks I've been here. I've maybe had 2-3 days of full time work. 1 week my manager was out but still. it's just weird to me. Should I ask for work or anything?

    submitted by /u/GlassOrganization385
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    Anyone else feel like PA is 40% accounting and 60% paperwork?

    Posted: 11 Aug 2021 10:08 AM PDT

    Based off of my staff 1 experience

    submitted by /u/Newburnerrr
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    do you need to go to grad school to be a cpa in texas?

    Posted: 11 Aug 2021 08:34 PM PDT

    my major is math and my minor is accounting and i plan to be a CPA, do i need my masters to become a CPA?

    submitted by /u/Apprehensive-Bird328
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    I am an industry accountant, NOT a individual tax accountant.

    Posted: 11 Aug 2021 03:01 PM PDT

    If you don't know the difference I'm not explaining it. I don't care how we are related.

    submitted by /u/MillenialInDenial
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    Pursuing a Post-Bachelor’s Certificate in Accunting

    Posted: 11 Aug 2021 09:56 PM PDT

    I have a degree in Finance from the Philippines and recently got accepted as an International Student for a Post-Bachelor Certificate in Accounting in Calgary, Canada. My question is, is it worth it to get this program? I also have another choice which is another Bachelor's Degree in Management with a major also in Accounting. I'm just wondering if which of these will be more beneficial in landing a job in Accounting firms since I'm planning to migrate and pursue CPA in Canada as well in the future.

    Thanks for your insights! :)

    submitted by /u/bogummy05
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    Tik Tok finance gurus will say it’s for the tax write offs

    Posted: 11 Aug 2021 06:48 AM PDT
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