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    Home Unlabelled Accounting Awwww shit, here we go again

    Accounting Awwww shit, here we go again

    November 04, 2021

    Accounting Awwww shit, here we go again

    Awwww shit, here we go again

    Posted: 04 Nov 2021 09:00 AM PDT

    I only do this most days

    Posted: 04 Nov 2021 02:53 AM PDT

    (Rant) New assurance hire at pwc. The training sucks and I don’t know how to cope.

    Posted: 04 Nov 2021 03:29 PM PDT

    It's honestly pretty stupid. They give you a set number of client hours per week. Ok, that much is fair.

    Then they assign you work. Every assignment is unique because every client is unique. I open up the documents to complete the work, and every single time, it's confusing as heck.

    There are no reference materials, no videos, no articles on how to do most of this stuff. So I look at the spreadsheets and see if I can figure it out. But I can't, because I'm not even told what it is that I'm doing. I'm only told the name of the assignment and where to find it and the supporting documents from the client needed to complete it.

    And since pwc has their own exact methodology for how to fill out these spreadsheets, I can't do it without practice, without an explanation.

    So of course I do the logical thing, I reach out to my senior. Except my senior 90% of the time is too busy to actually hop on a call and teach me anything. Maybe she'll give me a one line response that doesn't help, and if I ask follow up questions… silence. And I can't ask anyone else because people not on the engagement would break independence rules by viewing my work.

    So what am I left to do? Sit there and do nothing, except maybe stare at the client document for an hour. And guess what you're supposed to do when you're not working? You don't charge client time, that's for sure. And guess what that means? You're not hitting your hours, so now you either have to work an extra shift next week, not hit your hours, or lie in your time sheet.

    And if you do lie and bill hours, you look terribly inefficient because you didn't get much work done.

    It's bullshit. This is not learning. I'm paranoid I'm going to get behind because I don't have the resources to learn and grow at the firm. I'll get bad reviews because no one was there to actually SHOW me how anything is done.

    submitted by /u/libertysailor
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    Her VLookup came up as “#REF!”

    Posted: 04 Nov 2021 11:41 AM PDT

    Almost 3 months in. Received an email from HR and Manager for “performance discussion”?

    Posted: 04 Nov 2021 10:16 AM PDT

    Is this normal for HR to be involved? Am I getting fired? They scheduled it today in 2 hours from now. The email only says "to discuss performance" but I didn't know HR got involved

    submitted by /u/No-Smell5410
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    Should I include this in my resume?

    Posted: 04 Nov 2021 05:55 PM PDT

    So I was recently thinking about including my spelling bee achievement I won back in 3rd grade. It was a contest we had at our school but nothing bigger than that. Do you guys think I should include in my resume that I won a spelling bee contest in the 3rd grade?

    submitted by /u/MIAchamps
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    Leaving Big 4! Or How I Learned to Stop Worrying and Love IT Audit

    Posted: 04 Nov 2021 04:43 PM PDT

    It was the best of times, it was the blurst of times.

    After over 2.5 years of big 4 my time is coming to an end. As the title implies, I'm a member of the oft derided (deservedly) brotherhood of IT auditors. Our ways are mysterious to outsiders (and ourselves), we somehow sit in consulting, and assurance look down on us like the annoying little cousin that your parents force you to hang around with. All that said I think it gets a bad rep.

    Yes it can be mind-numbingly boring. SOX IT Audit is the worst thing in the world. But I do genuinely believe that if you go in with the mindset that it's the beginning of a journey which can lead to better things...well you'll end up with better things.

    I've managed to land an IT compliance role with a big tech firm for a 40% increase in base pay plus a bonus plus plus some stock in the company. And let me be totally clear here - I'm a moron. What's that mean for you, you smart person? You can probably become CTO.

    So go get 'em tiger

    submitted by /u/Viper_Higgins
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    Do I suck at my job or is my team putting unrealistic expectations on me?

    Posted: 04 Nov 2021 08:40 PM PDT

    Me (staff 1 and have been doing client work for three weeks) and a staff 2 (been on this specific client for 1 month) have been in charge of tying out the 10-k for our client that files the 16th. We received the first draft of the 140 page 10-k over the weekend and the manager wants us to have the 10-k completely finished by EOD tomorrow and complete all support documents for review by Monday. We still may meet that goal but the senior manager is making it seem like we're behind on the tie out and acts like we don't have a million pieces of support to request from the client. Just feeling super discouraged as a staff one who got thrown into a busy season immediately and barely know what's going on. Can someone provide some insight? I just don't get the rush given the client files in one and a half weeks.

    submitted by /u/Kinopai
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    I hate my job.

    Posted: 04 Nov 2021 08:17 PM PDT

    Hi all,

    I began my career at Big 4 recently (< 4 months). I am working within Tax and quite frankly, I really dislike the work I do. It is monumentally mind-numbing and inconceivably futile. Honestly, I have no idea what I am doing most of the time and I feel like I have not learned anything remotely interesting and meaningful. I completely regret pursuing this role and I want to leave ASAP. I seriously do not know how my colleagues (who are all great, by the way) managed to remain within their roles for so long.

    I know everyone says not to exit Big 4 so soon, but I cannot see myself working here much longer. I am looking for advice on exit opportunities from Tax. I would love to pursue a career within consulting, corporate strategy, and corporate/investment banking. I know that all of these careers are extremely cutthroat and competitive, however, I have read that there is a significant shortage of labour within these areas, with work being busier than ever (especially in IB, with the increasing number of deals). I would love for someone to provide guidance on whether such a move would be feasible from Tax. I personally feel like since I graduated so recently, I should be seen as nimble (if I were to pursue a completely different role) by employers. If you guys can also suggest some alternative career paths or some other general advice, that would be wonderful.

    FYI - I am not pursuing a CPA and I do not have a Master's. I have also had good performance reviews so far.

    Thanks!

    submitted by /u/Distinct_Detective_5
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    Keep your beater car (to more effectively commit fraud)

    Posted: 04 Nov 2021 06:35 PM PDT

    Has anyone worked with a recruiter successfully?

    Posted: 04 Nov 2021 01:10 PM PDT

    Told my recruiter I want another public accounting job as a senior position and my salary requirement is 110K. She already got me two interviews lined up with decent firms. I was surprised they were okay with the salary requirement because she did initially say my request was kind of a reach. Now I'm starting to wonder can my salary expectation be even higher lol

    Has anyone ever gotten even more than what they initially asked for when working with a recruiter? I've heard of companies counter offering a higher salary to some people but idk if recruiters would get that kind of communication because at the end of the day they're just trying to make commission on me, regardless of the salary I'm offered.

    submitted by /u/gryns13
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    Made a mistake at my internship

    Posted: 04 Nov 2021 05:48 AM PDT

    I recently started an internship at a startup that is doing quite well as a company. The finance/accounting department has been very much undermanned with only a controller, me and FP&A manager. This morning I was greeted with a slack message saying that I remitted payment for an invoice to the wrong company. It looks like the banking information inputted was incorrect. We us an AP platform that will not process bills without approval from the controller. It looks like it could very well be my fault, what do I do and how do I remedy this ? I am extremely nervous that I will be given some sort of consequence or lose my internship. Any advice or comments would be helpful. Thanks

    submitted by /u/enjoilife20
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    Is it possible to start an accounting career without any internship experience?

    Posted: 04 Nov 2021 06:23 PM PDT

    For some background, I graduated college early in 3 years but didn't decide to focus on accounting until my last year. I had an internship lined up for 2020 after my graduation but then Covid hit and the company informed me that they weren't continuing with their internship program that summer. Since then, I have moved cities and taken additional accounting courses towards earning the educational requirements for CPA licensure. At this point, I have been applying to accounting positions for about the last year with no luck at landing any job. If anyone has any advice on how I can get a business to hire myself with no accounting experience, I would greatly appreciate it!

    submitted by /u/mrclutchdaddy
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    Goldman Sachs Tech Audit (data analytics) vs PwC cyber&privacy consulting?

    Posted: 04 Nov 2021 06:56 PM PDT

    Which of the two will open more doors in the future? I'm a 4th year undergrad trying to work for 2 years then go to grad school. I don't know what I want to do in life

    GS NYC. 95K base + 25K bonus + OT (I heard audit is a dead end career)

    Pwc Chicago. 78K base. No bonus or OT

    submitted by /u/internconcerns
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    Resigning and not saying where I’m going

    Posted: 04 Nov 2021 10:16 AM PDT

    Thinking about jumping to a new firm after only being at one for 4 months. Would it be an issue if I just told them it wasn't a good fit (which is true) and put in my 2 weeks and joined another firm a month or so later? The clients I'd be working on would be in different geographic areas but both firms are national.

    submitted by /u/JoseSweeeney
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    How long did it take for you to pass the CPA exam?

    Posted: 04 Nov 2021 08:17 AM PDT

    I am graduating with my bachelor's in accounting in may 2022, and I already have a full-time position as a audit associate secured at a mid-size firm. I would like to pass the CPA exam within two years of graduating, and want to see if that is realistic working 40+ hours.

    submitted by /u/jlee1199
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    Should I drop accounting and switch my major to computer science?

    Posted: 04 Nov 2021 05:10 PM PDT

    I'm about 68 quarter credits in to my accounting BS degree and my school is offering a new CS bachelors of science degree in January 2022 (next quarter) that was previously unavailable for my location. I have a direct transfer associates and would only need to take pre-calculus 2 and an intro CS class before I get to start on the meat of the subject.

    However, I've spent a year working on my accounting degree and was planning on graduating in Dec. 2022. If I switch my major now I think I'd graduate in Dec. 2023. I was thinking of switching because I'm starting to realize I don't actually want to work in accounting. I've started interviewing for internships and jobs and I must say... already kind of hating it. I'm only going to be able to live with my parents for about another year and I'm debating on if the financial setback is going to be worth it in the long run.

    If you had the same opportunity as me would you switch your major to CS or stay with accounting?

    P.S. Yes, I've emailed my advisor and the CS advisor but I'm still waiting on a response.

    submitted by /u/arseraptr
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    CANADA What PEP electives should I take, which did you take and what's your career path been?

    Posted: 04 Nov 2021 07:46 PM PDT

    I don't want to limit myself by taking X and Y.

    Of course, I understand if I want to be a partner at a public accounting firm I'll need audit and tax but if I don't go to Public accounting at all, OR I just go for 3 years to get my experience/finish my cpa pep and get out, then I can be able to take any electives, right? So which would be the best options?

    For my future, idk which path I want to do. There are so many options with a cpa I'm not sure if I want to go into the corporate world and do fp&a, or strategy and governance, controller, CFO or what.

    submitted by /u/IAmTheQuestionHere
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    Help me decide between 4 offers (2 in public and 2 in private)

    Posted: 04 Nov 2021 09:11 PM PDT

    Option 1 - public - Tax Manager - $95-100k - Small firm - 45 hours/week busy seasons - Hybrid

    Option 2 - public - Tax Supervisor - $95-100k - Mid tier National firm - 55 hours busy seasons - Fully remote

    Option 3 - industry - assistant controller - $100-110k - $250m company - 45-50 hours - Hybrid

    Option 4 - industry - senior technical accountant - $90-$95k - $750m company - 45-55 hours - In office full time

    submitted by /u/monkeyballs858
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    Drug Testing

    Posted: 04 Nov 2021 09:10 PM PDT

    Anyone ever been drug tested for pre-employment? Specifically asking for BNY Mellon.

    submitted by /u/Slow_Network5453
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    Do I need LinkedIn?

    Posted: 04 Nov 2021 04:48 PM PDT

    I'm 18 and I'm in my first semester of college. For a business overview course that I have to take because I'm in the college of business and economics, we have to make a LinkedIn profile and get graded on our profiles. I think it's kinda a weird assignment, as it's more of a personal decision than an education need. This is very stressful to me, because I have bad social anxiety (I've worked on it and am getting much better), and social media I've found to be the biggest stressor for me. My grades are great, and I've established relationships with a couple classmates and professors already, so it's not as if I cannot establish connections irl. I just want to know if I can delete my LinkedIn profile afterwards and not have to deal with the stress of it, because it reminds me too much of Instagram and Facebook, and it's really draining my energy even just making an account. Thanks in advance!

    submitted by /u/OldGregRL
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    Does anyone have any sites for practice problems?

    Posted: 04 Nov 2021 04:28 PM PDT

    So I have an exam coming up and previous advice I have gotten is to do a ton of questions over a single topic to get it down. Does anyone have a website I could find with worksheets? Specifically to practice calculating different types of depreciation.

    submitted by /u/VisualReach
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    And no results until December. (Context for Americans in comments)

    Posted: 04 Nov 2021 05:37 PM PDT
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