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    Accounting Anything liquid on you?

    September 03, 2021

    Accounting Anything liquid on you?

    Anything liquid on you?

    Posted: 03 Sep 2021 06:48 AM PDT

    $40 per hour for a CPA is a bargain to begin with. These people are insane

    Posted: 03 Sep 2021 09:54 AM PDT

    When people ask why you don't work in public accounting....

    Posted: 03 Sep 2021 05:49 PM PDT

    Got fired yesterday after about a month. Not sure where to go from here.

    Posted: 03 Sep 2021 10:07 AM PDT

    I started an industry job in late July. I just got my CPA license last year, so I'm still getting the hang of things. I thought I was doing okay (they even flew me out to our Canadian office last week to help them go live with Odoo), but yesterday I was called into the manager's office and told that I was fired. They said I was needing to be shown how to do things too many times, and I didn't have certain knowledge that they assumed I would have when they hired me.

    I broke down and cried my eyes out in front of them. This is the second time in my career that I've been fired from a job shortly after being hired, and I'm feeling absolutely gutted. I really was trying my hardest, and if they told me there were things I needed to work on, I would have worked on them. I was so happy to get this job because it paid a lot more than the tiny accounting firm where I worked before, and I fucked it up. What am I supposed to say when recruiters inevitably ask why I left my last job?

    submitted by /u/DeadPants182
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    Best Caption…?

    Posted: 03 Sep 2021 06:37 PM PDT

    Found out I passed the CPA exam a few weeks ago, celebrated with a trip to the DMV. I think I've reached peak shitbox

    Posted: 03 Sep 2021 05:00 PM PDT

    I'm just sick of the clients.

    Posted: 03 Sep 2021 08:16 AM PDT

    Like bitch, answer the question I asked and please provide the document I requested.

    My firm only audits local nonprofits, so the competency of each one's accounting department is hit or miss. So much time is wasted waiting for the client to get their shit together and provide docs, when we sent the detailed request list months ago.

    The clients alone ruin auditing as a profession for me. If we got all the docs on time it would be fine but we next to never do, so engagements drag on and on past their scheduled dates and they just pile up. Just counting down the months at this point. CPA app is processing now then will be on my way in the spring.

    submitted by /u/lhotpfan
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    Mood this week:

    Posted: 03 Sep 2021 08:18 AM PDT

    CAN [CFE]

    Posted: 03 Sep 2021 03:57 PM PDT

    Anyone else has reached the point of mental exhaustion due to the overwhelming amount of information where you don't give a shit and just want to be done and what happens will happen. You have been putting in the efforts and still don't feel like it pays dividend Well🙃

    submitted by /u/YoungGod514
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    When they ask me to take on one more client!

    Posted: 03 Sep 2021 11:46 AM PDT

    Are any of you willing to share a resume template? I’m a big 4 corp tax manager looking to update mine.

    Posted: 03 Sep 2021 07:57 PM PDT

    r/accounting users when a day pass without having an existential crisis post

    Posted: 03 Sep 2021 09:51 AM PDT

    Coda to a massive scandal: Two Kraft executives charged in accounting scheme

    Posted: 03 Sep 2021 06:46 PM PDT

    Switched firms, but not sure it’s any better

    Posted: 03 Sep 2021 06:36 PM PDT

    Recently switched tax firms for a comp increase, but realize that it's all the same stuff (except not as good as promised during interviews).

    I think this makes me just want out of public. How long should I stay at my new firm before I could make a jump somewhere else without my resume looking bad?

    And where do tax managers go without ASC 740 experience?

    submitted by /u/TaxAboutMe69
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    Do all firms have managers that change their mind on how something is done after you have been doing it the same way for months, so now all of your filed financials are wrong?

    Posted: 03 Sep 2021 09:13 PM PDT

    This happens to me A LOT and I am curious to see if this is everywhere or if my company is just making me go crazy.

    submitted by /u/unlesshelpless
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    I am going to miss WFH once it ends

    Posted: 02 Sep 2021 11:04 PM PDT

    When WFH started I would always take 2 hour lunch breaks from 12-2. I would eat and browse reddit or study when exams were nearer.

    I realised that I was super motivated and could do my work much faster.

    Once wfh ends, I am going to miss my 2 hour lunch breaks and during busy season being able to go and exercise after dinner but before working until the night.

    What are you going to miss once WFH ends?

    submitted by /u/i_am_an_innocent_boy
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    Is it as easy to get an accounting job right now as it seems to be on this sub?

    Posted: 03 Sep 2021 05:32 PM PDT

    So for context I'm a post bac student (have a business degree, completing second bachelors in accounting this December), and I have like 1.5 years in loooow level accounting positions. Like bottom wrung. It's pretty misc stuff like invoice scanner/preparer and accounting call team, though now I'm actually an "accounting specialist 3" which is more on the accounts receivable side. I work full time and i'm just finishing up my capstone this semester. I'm getting pretty tired of my job and not getting paid what I'm worth (been with the company about 10 years), so what's the likelihood I apply and get hired with various staff accounting positions/government positions? I'm in TX.

    Any advice in general is also massively appreciated.

    submitted by /u/CaptainPick1e
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    Just got promoted to manager (audit) - who was your best and worst manager, and why?

    Posted: 03 Sep 2021 06:41 AM PDT

    Want to avoid being a shitty manager and causing staff/seniors to stress out

    submitted by /u/pm_me_gaap
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    EY hiring process

    Posted: 03 Sep 2021 08:17 PM PDT

    On the EY website, the positions I've applied for states "we would like to progress you to the next step of our recruiting process" but no nobody has reached out to me and it's been 2 weeks since it's said that. Is this common?

    submitted by /u/Dodgersfan77
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    2nd year audit pay raise not corresponding to performance relative to other coworkers. Advice?

    Posted: 03 Sep 2021 05:08 PM PDT

    I've been in audit at a mid size local public accounting firm for a year. We just got our annual raises and I found out they essentially gave 2nd year staff the same increase. I've been outperforming the other people at my level, not trying to boast, just my observation/the feedback I've received. The raise was decent, but it doesn't seem fair we all just got the same raise. I get that it's partially just life and the nature of public/capitalism, whatever. Strategically though, would you just take it up the ass, say something to management, or silently scale back on effort?

    I enjoy my job and I take pride in doing good work, but I'm not interested in putting in the extra effort that I have been, only to find out I could have done significantly less/worse for the same reward. Let me know if this is just the soul crushing inherent nature of audit as well and I need to lower my expectations haha.

    submitted by /u/Financial_Conflict47
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    Students! Interested in exploring a Federal career? The GAO is hiring interns for Summer 2022. Details + AMA inside.

    Posted: 03 Sep 2021 08:59 AM PDT

    The U.S. Government Accountability Office is the supreme audit institution of the U.S. We audit the annual financial statements of agencies such as the IRS, SEC, FDIC, and CFPB, with lots of DoD work mixed in as well to name a few.

    I've been an auditor with the GAO for a few years and a reader of this sub since college. Here is my candid take on the agency, feel free to AMA as well.

    The PROs:

    1) Work life balance is incredible. 40 hour weeks. Telework 4 days/week (before Covid). Flexible work schedules. Overtime (very rare) is paid at 1.5x or you get an hour of PTO for every OT hour you work - your choice. etc. etc.

    2) Solid salary. For DC, the current minimum fulltime starting salary is $69,977. New hires who meet performance expectations will get an approximately 7% raise every 6 months for the first two years. That will put you at ~$92k after two years of work. The Senior I salary minimum for DC is ~$97k and the Senior II salary minimum for DC is ~$108k. Assistant Director (think Manager/S. Manager) minimum is ~$137k.

    3) Variety of work. You can choose if you want to work on Financial Statement audits, Performance audits, or do Standards work (updating audit guidelines). There are many choices of engagement under each category and the agency makes it a priority to assign people to their preference whenever possible.

    4) We're actually proud of the work that we do. We play a big role in efforts to improve federal financial management and reducing fraud, waste, and abuse. Our performance audits last year resulted in about $77 Billion saved in federal spending.

    5) Job stability. Accounting is a stable career. Government is a stable employer. When you combine the two you get one of the most stable job opportunities possible. I have no concerns about my job counting to exist, even in a 2008 style downturn.

    6) Government benefits. The TSP is considered one of the best 401(k) plans due to its minuscule fees and good fund options. Lots of healthcare plans to choose from. etc.

    The CONs:

    1) If you want to be a B4 partner this is not the career for you. Not that we haven't had people leave to take high up positions in public accounting, this just isn't the way to fast track that.

    2) Slower career advancement. You almost certainly won't make senior in 2 years like you would in public accounting. You'll probably be making more $ than that senior for not-insane job responsibilities though so ¯\_(ツ)_/¯. 3-6 years is a more common promotion schedule to Senior I here.

    3) Lower salary cap. People 15 years into their career here are making around $120-130k. Could you be making more in public or going public and then jumping to industry? Absolutely. I personally don't think the trade-off is worth it when you consider how many long nights and weekends it takes to get there. It's a personal choice though. If you want to make the most money possible this isn't the career for you. $120k mid-career for 40 hours/week is enough for me though.

    Feel free to ask me anything. I'll to try respond throughout the day. Throwaway account because I don't want my usual account tied to my agency.

    Intern postings:

    Undergrad: https://www.usajobs.gov/GetJob/ViewDetails/613130900

    Graduate: https://www.usajobs.gov/GetJob/ViewDetails/613130700

    submitted by /u/FederalAudit1234
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