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    Accounting What’s in it? (Wrong answers only)

    September 12, 2021

    Accounting What’s in it? (Wrong answers only)

    What’s in it? (Wrong answers only)

    Posted: 12 Sep 2021 04:58 PM PDT

    Small rant

    Posted: 12 Sep 2021 11:19 AM PDT

    Kinda ridiculous how in college they make it seem like if you, an accounting major, do not go into PA to start your career, you failed/have a dead end career. Well ya know what, going into PA has been the worst decision I ever made lol and I envy all the people who went into industry. Can't wait to leave after I hit a year. F this shit. Working 65+ hour weeks ain't it kids. Not like the money is even good lol (but doesn't matter if I was making 100k, mental health deterioration not worth it)

    submitted by /u/Here4TheExperience
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    Great Opportunity! 5 years minimum experience required and must be bilingual, BBA preferred. Line must be long for this one!

    Posted: 12 Sep 2021 03:30 PM PDT

    [CAN] to all CFE writers

    Posted: 12 Sep 2021 05:54 PM PDT

    I want to say something that I wish someone would say to me before writing the CFE.

    CFE is important, but it's not going to make or end your career. It's okay if you don't pass. All you need to do is to do your best. If you don't pass this time, don't worry about it. Try again next year.

    Good luck next week!

    submitted by /u/XJSTZsarust
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    Shots fired

    Posted: 12 Sep 2021 04:00 PM PDT

    I ❤️ Tax

    Posted: 12 Sep 2021 12:33 PM PDT

    CFE TIME

    Posted: 12 Sep 2021 12:00 PM PDT

    In 4 days we are free for the rest of our lives. Just imagine that. Peace

    submitted by /u/CristianoRonaldo12
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    Is Networking as Effective as People Hype it up to be?

    Posted: 12 Sep 2021 05:22 PM PDT

    My school constantly harps on networking to get a job and I always hear about students just getting interviews based on them talking about random things. My issue is I've never gotten anything out of these forced networking events at my school. Whenever I try and make conversation, the recruiter just talks about work or the company or there's too many students and I can't really have a conversation. I never get anywhere with these events and I even had a mid-size recruiter up and walk away mid conversation to go talk to someone else. I never said anything offensive or off putting either and I was actually surprised by the rudeness of someone I perceived to be professional. How does one network when it already feels like nobody wants to talk to me before I even start talking? Then I get to hear my friends talk about the handfuls of interviews they get while my resume gets ignored, my emails ghosted and given the cold shoulder at events. I've been out to bars, parties, social events before and had no problems with people liking me so I'm really confused right now.

    submitted by /u/NoChannel1
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    Partners on their death bed

    Posted: 12 Sep 2021 01:53 AM PDT

    Are industry internships even a thing?

    Posted: 12 Sep 2021 08:12 PM PDT

    My school, like I believe most do, pushes heavily on public accounting. I find this a bit weird, as our state doesn't even require public experience to take the CPA exam, but regardless, the internships and employment opportunities advertised by our school are all for public accounting firms. My question is, are industry internships even a thing? If they are, should I just go with a public internship for that experience? If it helps, I live in and go to school in western Massachusetts.

    submitted by /u/SquidWhisperer
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    Public Accounting vs Industry

    Posted: 12 Sep 2021 07:29 PM PDT

    I've worked for my current company for 7 years and obtained my CPA with them, but now I'm having thoughts of switching to public accounting. I'm questioning how far I can advance with no public accounting experience.

    Would I be restarting my career? Anybody have any experience with starting in industry and moving to public or any advice?

    submitted by /u/BobLeeSwagger28
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    [CAN] CFE starts tomorrow. What's everyone doing today to relax?

    Posted: 12 Sep 2021 06:15 AM PDT

    I started reviewing some things this morning but realized it was just adding to my anxiety. So better off accepting that it is what it is now. I'm not feeling great about my chances of doing well but I'm trying to stay in a positive head space today.

    I'm going to get out for a good walk, have a long shower, and pack my things for tomorrow. What's everyone else doing today?

    Good luck over the next few days everyone! No matter the result, we all deserve a nice break.

    submitted by /u/-kimm
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    tf am i doing wrong?

    Posted: 12 Sep 2021 10:52 AM PDT

    Exit opportunity salaries

    Posted: 12 Sep 2021 04:44 PM PDT

    In the spirit of greater pay transparency, anyone else interested to see a survey for people to list the time they spent in audit before exiting, and what their immediate exit salary was?

    submitted by /u/HtownTouring
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    Finacial Analyst Career path - Finance Manager vs Controller

    Posted: 12 Sep 2021 10:50 AM PDT

    So, i am at that point in my career, where my CFO wants to have a skip level meeting with me to discuss my career path. But, i am confused as to what path to pick.

    On 1 hand, i like accounting, but don't want to restrict myself to general accounting and balance sheet reconciliations. I want more integration and involvement with the business/operations.

    As far as I have learned, FM is more concerned with preparing budgets, and analytical reports and helping FD's in strategic planning, where as a FC has hands in both BS and PL to control budget vs actual. And the latter is what i kind of like.

    Is my understanding correct? If yes, what is a better career path in terms of pay and longevity.

    I am currently a little inclined towards Controller, and might wanna involve myself in strategies later in my career.

    Side Note: Up until an year ago, i used to work purely in accounting, i.e. FA, General Legder accounting, Bank rec etc.

    submitted by /u/healthyishaccountant
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    Do employers care about Microsoft Excel Expert-level certification?

    Posted: 12 Sep 2021 09:26 AM PDT

    As the title states.

    or should I skip this and get Power BI or access certified to stand out.

    will be starting soon in PA with mediocre resume but would like to improve it for my job performance and future.

    Any advice would be appreciated.

    submitted by /u/ffwwtt
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    They think we're fucking nerds !!!

    Posted: 11 Sep 2021 11:41 PM PDT

    Payraise No Jutsu

    Posted: 11 Sep 2021 11:16 PM PDT

    How do I find these small/regional public accounting firms?

    Posted: 12 Sep 2021 09:17 PM PDT

    I graduated from a non-target school without any accounting internships or experience. I eventually landed a job at a small company doing some accounting-related stuff, and now I'm looking to obtain my CPA. I don't have 150 units yet, but I'm currently working towards that taking FEMA credits and additional classes at a CC.

    From what I read, Big 4 is out of the picture unless I know someone who knows a guy within the company, so my only other choice is to go to a smaller firm and build my experience there before going back to industry or making the jump to Big 4.

    Problem is, how do I find these small firms? Is it as simple as searching thru Indeed for "CPA firms"? Also, do these small companies also pay for CPA exam review materials like the Big 4? $1.5k for review materials is kind of steep for me since I'm just starting out with student loans to repay...

    Last question, when is a good time to start applying to these small firms?

    submitted by /u/5346984535
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    [CAN] Working at Big 5 Bank - Whats it Like?

    Posted: 12 Sep 2021 02:12 PM PDT

    Curious if anyone from a PA/tax background has made the move to a bank and what your experience has been like?

    Edit: By Big 5 I mean RBC, TD, Scotia, BMO, and CIBC.

    submitted by /u/Klutzy_Grocery6498
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    Thinking about going down the CPA route...Not passionate about accounting, but would open a lot of doors.

    Posted: 12 Sep 2021 11:37 AM PDT

    A quick intro on my background. I've worked in accounting for 7 years now. 4 years was as a hedge fund accountant and 2 years in public accounting, auditing private investment funds such as VC, PE, and real estate funds. I have an additional year of experience working for a smaller firm, primarily preparing tax returns and auditing non-profit entities.

    I wouldn't say I am "passionate" about getting my CPA, but I feel like it would open a lot of doors and I could mold it into a career that would be meaningful. I don't see myself pursuing a career within public accounting. Would it be naive to get the CPA so I could potentially improve my marketability to break into the investment world, start my own business, or simply gain more credibility in the accounting/finance world? Or would an MBA be more suited for my career aspirations as it is more broad?

    I am 29 years old, single, no mortgage, etc. So I feel like it could be a great opportunity to buckle down and pursue additional education.

    submitted by /u/travelbyintent
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    How formal do you have to dress?

    Posted: 12 Sep 2021 08:45 PM PDT

    I'm working in a small firm so most days I wear just a shirt and slack to work.

    Curious how formal you have to dress yourselves working in a big firm? Is there dress code? How about for females? Do you invest in custom made suits? How much would you spend on a suit? Or do you think I shouldn't think so much about attires lol

    submitted by /u/JollyAbby
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    [Can] Life path choice

    Posted: 12 Sep 2021 01:04 PM PDT

    So, I am graduating at the end of this year with a bachelor degree in management (accounting major). I have 2 choices:

    1) follow traditional cpa designation route; do modules while working full time at a firm (no industry jobs available in current location) and be done after 30 months practical granted I pass CFE

    2) move 6 hours away and enroll into the masters of accounting program. Complete 2 semesters (May-Aug, 5 courses each semester) and work fulltime (EVR route) Sept-April until the 30 months practical requirement is met and then have a masters degree and a CPA designation.

    Logically, it seems to make the most sense to pick option 2, receive 2 degrees, and have school/work separate rather than struggle doing both at the same time minus the masters degree. End career goal is a well paying job in industry that has a good work-life balance (no 12 hour days) I'm thinking something along the lines of a controller.

    Has anyone here done the masters program? I hold a 3.4 gpa currently. Is it a huge leap of knowledge that is very difficult or just the next level up to adapt to.

    I will add I am a single parent of 2 (4+5) which is why option 2 seems more logical but, any light anyone could shed on the topic would be greatly appreciated.

    submitted by /u/Novel_Face_6730
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    Job Assessment

    Posted: 12 Sep 2021 08:34 PM PDT

    When your assigned a task that's repetitive but a lot, is your employer possibly testing how long it takes to down things. I guess my problem is that, there are times when I feel like I'm just too slow at getting certain things done. Can I be fired for this? please let me know?

    submitted by /u/KingMylez98
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