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    Sunday, August 1, 2021

    Accounting I didnt know this famous meme guy is a big 4 accountant

    Accounting I didnt know this famous meme guy is a big 4 accountant


    I didnt know this famous meme guy is a big 4 accountant

    Posted: 01 Aug 2021 07:29 PM PDT

    “Similar” to r/accounting

    Posted: 01 Aug 2021 08:13 AM PDT

    Uncover their hidden assets

    Posted: 01 Aug 2021 01:39 PM PDT

    Calm down

    Posted: 01 Aug 2021 12:00 PM PDT

    Am I an underpaid accountant? Everyone seems to make more than me..

    Posted: 01 Aug 2021 01:54 PM PDT

    Hello everyone.

    I moved to Midwest (Kansas city Missouri) last year, I found an accounting job with a non profit organization(affordable housing). I have stayed at this job around 8 months so far. before joining this company I had 1 year and 4 month total accounting experience. so now I have 2 years accounting experience. My GPA is 3.83. It is an entry level accounting position but I often feel overwhelmed because I have so much to do and I'm still learning a lot of things every day. Usually you feel comfortable with your job after 3-6 month training, but that is not the case with my job. I take care of financial reporting, payables, check run and customer services etc. Literally all accounting aspects of 9 properties.

    my company raised my wage from $22.11 a hour to $23.66 a hour not long ago. but I still make under 50k without overtime a year.

    I know midwest is cheaper compared to west/east coast, so I don't expect my salary will be high with 2 years experience. I feel underpaid and slightly offended when I see peers who make much more than me in midwest or other coasts. I just don't know what would be a fair range of salary for accountants like me in Midwest, any ideas?

    submitted by /u/loneybunnyneedslove
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    Too soon to ask for a raise only 6 months in?

    Posted: 01 Aug 2021 04:55 PM PDT

    I am one of two assistant controllers for a publicly traded corporation in the Northeast. I am a non-CPA but have a strong background with systems applications and have managed multiple software conversion projects. Besides my normal duties and projects, I often have to do tons of ad hoc reporting and projects for senior management. I find myself having to do my work outside of normal hours because I am doing work for others while in the office.

    I'm making $85k (bonus could be $10-$20k but not discussed in detail) but I found out the other assistant controller is making $145k. They have more experience but mostly only do consolidated financial reports. I came in and learned the complicated systems that they have in place while juggling many responsibilities. I know I have all the leverage in the world and know my request would not phase them at all. I wanted to ask for an extra $13.5k because I have very valid arguments. My fear is that I wait until my first year is over and they grant me the typical 3-5% garbage raise.

    submitted by /u/Bifrostbytes
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    Potentially taking ey job in audit. Fresh out of college. What should I expect?

    Posted: 01 Aug 2021 08:15 AM PDT

    I'm really looking for feedback on hours, how long the busy season normally is, ect. I've been really stressed by this subreddit and am trying to decide if I can even do this. I'm afraid of working so much that I can't enjoy/have any form of life. From this subreddit, it sounds like all b4 jobs are awful and like I'll be working 80 hour weeks year round in audit.

    I'm hoping I'm wrong. I figured maybe I could work b4 for a few years and then go government or something.

    I've got offers for tax consulting firms that are smaller in other places. And one B4 offer. Not really sure where I should go, and I'm terrified. I graduate with my masters next week.

    submitted by /u/Ledgersnlines
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    Exit Opportunities for Big 4 Audit Associate in Greater NYC Area

    Posted: 01 Aug 2021 03:50 PM PDT

    Hey all,

    I'm about to become an Associate 2 in the NYC area at a Big 4 firm. Like most people, busy season was a horrible experience. I work in asset management, specifically hedge funds, and I'm wondering what I can do to make my move out. I realize waiting til senior is optimal but I don't really care.

    I know of fund accounting but that's about it. And even then, I don't know how to pick out a "good" fund accounting job. What are the typical exit ops for a position like this, and is it possible to generate more than the median associate salary (60k ish) in my area? While working hopefully 45-50 hrs a week.

    Thanks

    submitted by /u/ferola
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    What happens after an internship if you still need your masters?

    Posted: 01 Aug 2021 03:44 PM PDT

    Big 4 internship coming up this winter. I'll graduate with my bachelors, but I'll still need 30 more credits to be CPA eligible. Will this firm just say "Thanks!" and release me, or do they try to keep in touch with their interns until they are CPA eligible?

    submitted by /u/ILikeWildTurkey
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    Do you prefer being able to work on / see everything or just own a few areas of the engagement / financial area?

    Posted: 01 Aug 2021 07:08 PM PDT

    Working at large F500 companies (Public accounting or internal) your usually assigned sections where small engagements / working at a startup you can see everything. I've enjoyed both sides and see pros/cons.. in larger teams you have ability to pool knowledge / delegate, be comfortable not being an expert Etc. but I do like knowing all ins- and outs of a company's operations.

    submitted by /u/Cpa-bae
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    Non-CPA Looking to provide help to small businesses as side job. Am I stupid?

    Posted: 01 Aug 2021 09:38 AM PDT

    I've worked with about 20 small companies and they usually use QuickBooks and have broken backwards accounting, completely whiffing on most tax advantages.

    I'm in-between jobs and want to lend some cheap advice to small businesses for a side hustle.

    Am I dumb? How would I even go about starting a practice like this?

    Thanks

    submitted by /u/bangkok_dangerous2
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    Senior Business Advisory/Consulting Associates at public firms, what’s a day like for you?

    Posted: 01 Aug 2021 08:50 PM PDT

    I'm interviewing for a role for a public firm. I've been in industry for 6 years and am pursuing my CPA.

    submitted by /u/acctingthrowaway69
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    What your tips on dealing with toxic audit clients?

    Posted: 01 Aug 2021 12:10 PM PDT

    Salary

    Posted: 01 Aug 2021 01:02 PM PDT

    Is $52k low for CPA starting as staff accountant?

    submitted by /u/preciousbane213
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    Why does some companies' APIC increase even when said companies don't offer a follow on public offering / sell new shares?

    Posted: 01 Aug 2021 04:18 PM PDT

    It's my understanding that additional paid-in capital (APIC) refers to the value of shares sold above the par value of the shares. So, as shares increase in value from month to month, the APIC line item of the company that issued those shares shouldn't increase as those shares are trading on the secondary market, correct? It seems that the only way APIC should increase is if the company offers a follow on public offering / sells new shares to the public.

    I often see companies' APIC increasing from 10Q to 10Q when the company hasn't issues any new shares in the interfiling period though. Why do you think this is? Is what I said in the first paragraph incorrect?

    Thanks

    submitted by /u/Virus4762
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    What kind of training does your firm offer?

    Posted: 01 Aug 2021 06:20 PM PDT

    I'm interesting in learning what kind of training other public firms offer. Do you have in house professional development? Does your employer pay for courses? Are you able to sit down with senior staff or partners when you need to discuss something? Does management/partners inform staff when there are major tax changes for example? I work at a small CPA firm and I'm pretty much left to figure things out on my own. The partners give very little direction or instruction on their files, so just wondering if this is normal or not. Cheers

    submitted by /u/NoviceExpert_
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    What advice do you have for a first year auditor?

    Posted: 01 Aug 2021 10:45 AM PDT

    What advice do you have for a first year auditor?

    submitted by /u/Revolutionary-Dot890
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    Auditors on big retail clients

    Posted: 01 Aug 2021 09:47 PM PDT

    Just a simple question I've always been curious about. How does a big retail chain like Walmart book merchandise sales? Do they produce a separate journal entry for each individual sale or is one journal entry an aggregate of individual store sales for the day, etc. ?

    submitted by /u/HtownTouring
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    How to find the net income in the changes of equity?

    Posted: 01 Aug 2021 09:27 PM PDT

    How to find the net income in the changes of equity?

    Hi there,

    I'm stuck on this homework problem for accounting. So I've managed to create the balance sheet but now I need to make a changes of equity statement. I'm confused, because how are you meant to get the net income from the information provided? I don't have the final balance so I was just wondering if you can get it from retained earnings.

    https://preview.redd.it/3mnfws4igve71.png?width=1065&format=png&auto=webp&s=4152d1f3253587eb0c1ac3a233f9d484e3a1b8c0

    submitted by /u/ccalnz
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    (5K bonus question) EY seniors promoted 2020

    Posted: 01 Aug 2021 03:15 PM PDT

    I had a question about the new senior bonus. I'm going to be a senior effective 10/1/2021 but want to leave the firm ASAP. Most people on the internet say that the senior bonus gets paid 9/30 but since EY switched the pay to bi-weekly instead of semi monthly last yea, rIDK if that bonus pay day is September 24 or October 8, or just a separate day in itself on Sep 30 (which I doubt). I have another firm that wants to hire me this month (August). I really want the Senior bonus so I'm going to tell that firm, I can work starting in the beginning of October but even that might be a stretch.

    Does anyone know the timeline or terms, last year (2020) so I don't get screwed by EY one last time? Also if the 5k bonus is paid on Sep 30, should I put in my 2 weeks on September 17 or something, or is there a chance that can mess up my bonus? Please help. Thanks

    submitted by /u/Fontideck
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    Last year of college, offer from internship, want to leave current city for a smaller city

    Posted: 01 Aug 2021 05:26 PM PDT

    I plan to graduate in the Spring. I've heard that many firms are recruiting in the fall for entry level positions that begin next summer or fall.

    I am interning at a public firm this summer and am likely to get an offer based on what I've been told. I live in the DC area so there are many firms, most of whose are recruiting at my school and will be at my schools career fair. I'm not interning at a big 4 or a national firm. It's my desire to move, I'm mainly interested in moving to Nashville.

    So, should I get an offer with a deadline soon from my internship firm, should I accept to be safe or decline and just apply to other firms near me and in Nashville? Does anyone know what the job market in Nashville is like for accountants? Would it be a dumb move to reject an offer since maybe I won't get another one?

    I'm graduating with a double major and 150 credits and will be eligible to take the CPA exam. I'd prefer to start in Public accounting but really don't care if it's a mid tier or large firm or whether it's a big4 although that could be a plus.

    submitted by /u/LeatherProfit1396
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    Cpacredits.com

    Posted: 01 Aug 2021 04:30 PM PDT

    Has anyone taken classes on cpacredits.com to fulfill their CPA education requirement? I need 3 more accounting courses and it seems like it's the cheapest online option I can find. I can't find any reviews and don't want to pay that much without knowing other people's experience with it. Thanks!

    submitted by /u/scully369
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