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    Friday, December 10, 2021

    Accounting Well said.. 🤣

    Accounting Well said.. ��


    Well said.. ��

    Posted: 09 Dec 2021 02:41 PM PST

    I am out!!!! Victory!!!

    Posted: 09 Dec 2021 11:26 AM PST

    I work in public accounting for a small firm. I asked for a raise of the firm has had really really good years and I do most of the business returns. My boss told me if I was unhappy that I needed to go find a new place to work. He said that recruiters promise the world but never deliver. His son who is an accountant, but not a CPA, but has been fired by his last two firms hasn't had much luck. I pointed out that you couldn't compare me, as a hardworking freshly minted CPA, with him.

    I was told to go find my worth. I went out and was really picky about who I interviewed with. I had one interview, was told they would contact me the next week with their answer. The next day, today, they called and offered me a position with an over 28% raise.

    I guess I did find my worth, which was a great deal more than I was making at my current firm. The kicker is that the old firm has been looking for someone to hire for a few months, but have not had anyone that applied, that was good, who would work here.

    I have no idea what the owner was thinking, but there is no way they can finish busy season without me. We were working at minimum 60 hours a week during the last busy season.

    submitted by /u/Dependent_Flamingo68
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    Life hack.

    Posted: 09 Dec 2021 07:21 PM PST

    What are type of jobs that you COULD potentially end up with little to no responsibilities and COULD get lost in a megacorp?

    Posted: 09 Dec 2021 06:25 PM PST

    I know this sounds crazy but let me elaborate.

    I believe that there are definitely jobs that are more likely than others where you COULD end up with little to no responsibilities and get lost in a megacorp system. It definitely won't be on year 1 but maybe after several years or even decades. I hear stories about people getting lost in the system especially during restructuring, acquisition, or whatever, and I want to believe that these possibilities are out there somewhere.

    For example, it won't be like an AP Clerk because well, you gotta pay the bills and it requires frequent contact with a lot of people, but it COULD be some random analyst where you analyze useless shit that no one ultimately cares about.

    If someone were to maximize their chance of this happening to them, though chance may be extremely slim... what do you think that job would be?

    submitted by /u/Objective-Pin4900
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    Anyone as crazy as me in here?

    Posted: 09 Dec 2021 01:16 PM PST

    So people think one PA job is two much but what about teo PA jobs? Anyone else try to work two at once and how did it go for you?

    I'm thinking I can make it at least 9 months which is a ton of money for my sanity. Both are remote so it is just juggling, right? Just be an average-mediocre employee at both and stick it to the man

    submitted by /u/CarbonFiberIsPlastic
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    Partner called me into her office this morning and gave me a raise because she thought I was going to quit. Was I grossly underpaid or do I work at a good firm?

    Posted: 10 Dec 2021 01:27 AM PST

    Long story short is that we have had a lot of turnover at my firm (national) lately and most recently it has been all of my close friends. It's no secret in the firm how close I was to these people. The one I'd go to lunch with a couple times a week (pre pandemic lol) for years.

    I have not been seriously looking for another job at all during my employment, but I sometimes do field HR/recruiter calls just to see what other firms pay or hours. Usually they offer me about 10%-15% raise.

    So the managing partner calls me into her office today, which is alarming because I have probably talked to her <5 times in my 6 years of employment. She just cuts to the chase and says "rumor has it your thinking about leaving. I just want you to know how valued you are. What did your friends leave for, I'll match it no questions asked, just tell me what I need to tell payroll". So I walked out of there with a 15k raise in 5 mins.

    I went back to my cube and I couldn't really comprehend what just happened. Was I so underpaid they were wiling to pay me anything? Or do they really value me? To put it into perspective, I'm actually a 4th year senior because I don't have my CPA (surprised they haven't showed me the door for this alone), so while I'm actually a top performer, I'm a bit handicapped by not having my CPA. This puts me at 98k base salary (historical bonuses are all over the place from 3-7k). I believe my firms current pay ranges are 60-65k for a brand new senior and 90k-93k for a first year manager (which seems to be around market rate as I have a friend at B4 who started at 90k in 2019) and I know of second year managers at 97-100k in 2020 who were then given 10-12% raises in 2021. Someone else who had quit last year at my current experience (and no CPA) was making 78k. I assume if he stuck around for 2021 comp adjustment (2020 was bad), he would have been around 85-88k. As I was a couple grand behind him, and got up to 83k. But that's all I really have to go off of because it's kinda rare for someone like me to have 6 years and no CPA. I'd say about 25% of my current work is manager level as I do have some of my own clients (very small trash that no one else wants), but for the most part I'm under people.

    Anyone else been through this? I have never even heard of a firm matching other firms offer letters because then it opens the door to a precedent and everyone knows other firms pay a premium to "steal" talent. Every time I have heard of anyone trying this at a firm, the response is sorry to see you go, good luck, go get that money there.

    submitted by /u/Fireworks413
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    I feel that PA is a club a can’t get into

    Posted: 09 Dec 2021 11:00 AM PST

    I've been rejected from ~20 firms ranging from B4 to small ones. I'll be honest I cried hysterically after my last rejection. I don't know what to do. I have 7 months in private doing auditing and basic staff work. I couldn't get an internship during the pandemic, and I busted my ass 32 hours a week during college to pay my bills. I'm so drained mentally and I feel lost. As much as I want to vent, i need advice. I have no idea what to do. I feel so disadvantaged to other candidates who had internships or some crony opportunity. What do I do here in life?

    Edit: Wanted to add they kept pressing me about feedback at my last interview. I answered honestly, and told them my past jobs and current one don't do feedback. I proceeded to tell them an informal example about team sports I played in college and how I'd learn to improve my game when my teammates would criticize me and that i never took it to heart b/c we can always improve ourselves. They then ask if I questioned my supervisors, or took orders? Which i told them i took orders unless something was off, then Id discuss democratically a solution to a task.

    submitted by /u/robsteoperosis
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    How can I keep my teams status as “available”?

    Posted: 09 Dec 2021 10:30 AM PST

    I want to take a nap. How can I keep it available ?

    submitted by /u/qst10
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    I just got a job as an accountant and I don’t know any accounting. Help!

    Posted: 09 Dec 2021 06:17 PM PST

    Hello everyone,

    So I sort of got myself in a pickle. To make this brief, my major was in business admin, so while I know basic accounting concepts, this is my first time in the industry and I haven't had much exposure.

    I have no idea how I got this job to be completely honest. I didn't lie about any of my qualifications or even made it seem like I knew any accounting.

    I'm freaking out because Monday is my first day and I am so scared they will realize I have no idea what I'm doing. While I'm not dumb, when it came to my accounting classes I gotta admit I kind of struggled but ultimately was able to pass them all.

    Any tips or advice from seasoned accountants to a young bright eyed recent grad entering the industry would be greatly appreciated! I really want to do well in this job, and my salary is so much higher than I ever thought I would make this early in my career! I'm extremely motivated to do well and will just about do anything to prove myself.

    Thank you all!

    submitted by /u/acct_throw_away718
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    I think I have a problem…

    Posted: 09 Dec 2021 12:54 PM PST

    Screw this Job

    Posted: 09 Dec 2021 04:40 AM PST

    Just need to rant for a second.

    Been in public (top ten) for a little less than a year and hate it. Hate most of the people, who want you to drop everything you're doing and work on their stuff. hate shitty ass clients I'm given and told to do this with little to no guidance as to what is going on.

    I feel like my mental health has taken a deep dive in the last month or so with more work and I'm starting to see how bad I've gotten. It's crazy to think that I thought it would be a good fit when I first started.

    On the bright side, I have a phone interview for a industry position this afternoon.

    submitted by /u/drewM0613
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    Partner was vaping during our holiday zoom party today

    Posted: 09 Dec 2021 04:11 PM PST

    Is that normal? I was shocked.

    submitted by /u/qst10
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    I fucking hate hedge accounting and derivatives and foreign currency transactions. Last exam due on Friday and I just need a D to get CPA credit. I need a 38% to keep that and Im still nervous my fuckin god fuck advanced accounting. End of rant.

    Posted: 09 Dec 2021 03:04 AM PST

    Big 4- Canada salary thread

    Posted: 09 Dec 2021 11:11 PM PST

    Hello, didn't see any salary threads for Canada so wanted to make one. I see a lot of raises going around in the GTA and wanted to know what everyone was receiving. Feel free to comment even if not in any Big 4. Thanks! I'll start first:

    Firm: PwC

    Position: A2

    Pay increase: 48k to 58k plus 2k bonus

    Rating: no clue tbh

    Location: Toronto

    submitted by /u/Exotic_Taro_8355
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    College sophomore contemplating changing majors

    Posted: 09 Dec 2021 08:28 AM PST

    After seeing how miserable most of you are I am contemplating switching my intended major but I don't know what to yet, is this a wise move? Any and all advice welcomed. Thanks.

    Edit: I was planning on getting a masters in finance but now Im debating just getting my bachelors in finance.

    submitted by /u/InbredApebabyman
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    Legit just had the worst interview of my life

    Posted: 09 Dec 2021 12:39 PM PST

    please make me feel not so shitty right now

    submitted by /u/scorpiochik
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    In person cpa exams (can)

    Posted: 09 Dec 2021 10:18 PM PST

    I have never written them in person and I'm terrified. I loved the two Case method as multiple choice was insanely hard and from what I've heard it's the part that kills most people. Any tips or guidance? Writing tax starting Jan 2022.

    submitted by /u/canadiandogma
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    If they did this to you during an interview, how would you feel?

    Posted: 09 Dec 2021 06:25 PM PST

    I own a small recruiting company, and I focus only on filling low-to-mid Accounting roles

    A candidate of mine just called me after his Zoom interview. Apparently, one of the managers he interviewed with shared his screen with the candidate, pulled up spreadsheets, and starting quizing him on stuff. I've never heard of that happening *during* the interview. The hiring manager told me earlier that he wanted to give the candidates a "test," but i thought he meant he would pull up a graph or something and just ask a quick question, not actually give them a literal 1-10 assessment. Having Accountants take an Accountant test is very normal, but they're done before/after an interview and designed by licensed test makers.

    If you were in a Zoom interview, and the person interviewing you pulled up spreadsheets and starting giving you an auditory, verbal accounting quiz, how would you feel?

    My thought is I'm going to have a very cordial discussion about this, but I could really use an Accountant-consensus on this.

    I appreciate you guys.

    submitted by /u/10teja15
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    Got my CPA, now what?

    Posted: 09 Dec 2021 07:25 PM PST

    I just passed my CPA this year and I'm currently working as a senior at a big4 firm. After these past couple years of auditing, I've learned I really hate it. Unfortunately, I need to stick around a bit longer and finish my PERT and get fully designated but once I'm finished, then what?

    I know I want to get out of auditing and I've thought about a FP&A role for afterwards but I know I won't have much experience with financial analysis from the work I currently do. What are some different roles I can pivot my career while leveraging my CPA?

    The goal is to make 100K in the next couple years when I do leave public practice. Would it be worth trying to make manager before I exit or should I just leave sooner? The dream is to make over 250k in the next 5 to 10 years. Is that achievable or am I being too optimistic for a CPA?

    What does some of your career paths look like? What kind of roles have you gone through and how much have they paid? How often do you change jobs?

    Thank you for your advice and thoughts!

    submitted by /u/acuzax
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    Does anyone know what industries Crowe and bdo and rsm are known for?

    Posted: 10 Dec 2021 01:24 AM PST

    Getting recruited by these firms (senior associate position) as well as b4. I already work at a mid tier firm and the "work life balance" promise is bs, we still have a shitty QOL. Is it better at this point in my career to go b4 or stay smaller firm? I'm sure they all suck just as hard.

    submitted by /u/biscuit1212
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    Reddit Recap

    Posted: 09 Dec 2021 08:08 PM PST

    Reddit Recap

    In 2021, I spent the most time on this subreddit. Needless to say, I've learned quite a bit. To summarize 1. Accounting is a good major that provides you with a stable career 2. CPA is a plus, but not necessary 3. This sub had a weird 2008 Excel guide fetish going for a little bit

    https://preview.redd.it/3wrcp0ny2n481.png?width=419&format=png&auto=webp&s=ed3088f76c4e9533c69dd42091f41fc7879aced0

    submitted by /u/RunDan16
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    GT compensation adjustment thread:

    Posted: 09 Dec 2021 11:28 AM PST

    Sounds like people are starting to receive there comp adjustments.

    1. Location (Col)
    2. Service line
    3. Level
    4. Adjustment (old to new) and %
    5. Thoughts
    submitted by /u/Living_Housing1251
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    How do you know if you’re an associate doing senior work?

    Posted: 09 Dec 2021 02:12 PM PST

    Where do you draw the line?

    submitted by /u/Laylaonthemoon
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    In trouble for oversleeping/signing in late

    Posted: 09 Dec 2021 07:46 PM PST

    Yes, I know it's stupid, and I know it's my fault. I need a way to talk to my direct senior and express my regret while also showing my efforts to remedy this and also underscore my commitment to the job.

    Industry. Been here about 6 months now. My manager wants to discuss my lateness/oversleeping. It has happened...maybe 3 times in the last 2 months (including once when I took meds for a migraine)? After that last time I swore up and down I would never let it happen and even bought one of those loud as hell alarms. It has been working well, except on Wednesday I have no goddamn idea how, I missed both alarms and slept till 10. I was just exhausted because its month close and we are all working hard. I'm not a teenager but a grown ass man and this is embarrassing.

    Previously, I thought we had a day off (Columbus day) so I was 3 hours late, once I overslept because I was using my phone as an alarm, and once like I said I took meds and guess had a bad reaction to it so i woke up late.

    Honestly I feel terrible about it. I like my job and coworkers but this is giving me a bad stigma. Now my boss and even boss's boss have commented on me being late. This is only making my anxiety worse.

    The last time I was so nervous talking about it I was almost stuttering. Presumably Monday I have to have a meeting with my manager and I don't know what to say. "Uhh, sorry" isnt going to cut it but I have a hard time expressing myself when I'm nervous (which I am this time, obviously).

    Ideas, suggestions?

    submitted by /u/Neutral_Positron
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    Sooo, did I get the job? (Senior audit associate after 3 rounds of interviews)

    Posted: 09 Dec 2021 12:28 PM PST

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