Accounting Yeah it's not that much time left lol |
- Yeah it's not that much time left lol
- This fucking motivational quote when I walked in this morning
- [CAN] CFE tips from someone who thought they would fail
- Reddit currently hiring for actual accounting roles
- Do you have trouble getting PTO approved at your accounting firm?
- Company changing notice period
- I would like to apologize in advance to the PWC team that will be working with my starting next week
- Finished my 1st year
- I found myself in a B4, working 9-5pm daily, not doing shit and getting away with it, and I’m still unhappy.
- Public tax to revenue accounting
- Putting in Notice With Nothing Lined Up Yet?
- Cubicle vs Open Office
- Industry hiring managers of Reddit--do you actually prefer Big 4/public experience?
- Looking for advice on a project (may be the wrong Reddit)
| Yeah it's not that much time left lol Posted: 07 Dec 2021 05:35 AM PST
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| This fucking motivational quote when I walked in this morning Posted: 07 Dec 2021 07:51 AM PST
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| [CAN] CFE tips from someone who thought they would fail Posted: 07 Dec 2021 07:22 AM PST I passed the September 2021 CFE and am still over the moon about it. I am also in a state of shock, because I genuinely cannot believe I passed when some incredibly capable, intelligent, hard working people didn't pass. I literally keep checking to make sure they didn't remove my name from the list. While the CFE is a test of knowledge, it is also a test of resilience and a test of whether you can follow instructions. I do not have a strong technical background. I never worked in public, I did poorly on my university accounting classes, and I went the PM/Finance route, so my FR was literally awful. While studying for the CFE, I had difficulties focusing and it just felt overwhelming. I was managing two fairly demanding jobs (one part time, one full time), while studying for the CFE, and just took 2 weeks off before the exam and every Friday for the 6 weeks leading up to the exam. Compared to a lot of other people, I did not get a lot of time off. I'm also in my late 20s and have been of school for 6 years which I feel put me at a slight disadvantage. I genuinely thought I was destined to fail. I'm not saying this to self-promote myself, I just want to share what I think worked for me despite of me not being the perfect candidate/student for this exam. When writing the CFE (and all your cases), it is important to follow "The CPA Way" and make sure you attempt every single AO. Know when to use RAMP, IGAR, WIR and always conclude and recommend, even if it seems redundant to do so. Even if you can't finish an AO, you must at least attempt it, even if you don't know where to begin. There was an impairment issue on Day 3 and I didn't realize it was impairment so I wrote something totally different, but I refused to leave it blank. Two half-baked AOs is better than one perfect AO and one missed AO. A lot of people struggle with that, but you really need to train yourself to follow your time limits per AO and know that you need to stop and move on if you did not finish within the time limit. I read a post recently of someone who unsuccessfully wrote the CFE multiple times and the reason they say they failed was because they kept focusing on the AOs they knew well too much and skipped the ones they did not know. This is the biggest "sin" of the CFE. You must attempt all the AOs. Now if you happen to mistakenly miss one, it's possible you will still pass, but don't purposely skip them. Organization is key for all three days, I made sure to number my AOs on the physical case and on my word doc. On the Word doc, I highlighted all the AO headings in yellow. When I finished an AO, I would highlight the heading in green. If I had to move onto the next AO before finishing one AO, I would highlight it in red, so I could scan back and know what AOs needed more time if I had time at the very end. The colour-coding made it easy for my to scan and know what still needed attention without wasting any time reading the actual text or making any physical notes. Keeping the completed ones highlighted green, allowed me to count the number of AOs I wrote about and cross match it to what was on the case (I.e I identified 8 AOs and I see 8 green highlited headings, so I'm done). For Day 1, my recommendation is to build an outline to follow, memorize these headings and when you get to the exam, type them all out so that you don't forget anything. Re-read the Capstone 1 case shortly before the exam so some of the case facts are fresh in your memory so you don't have to go searching for it during the exam. Don't bother memorizing things from the case like core values and the mission. Instead just try to remember the narrative and also location of certain facts so you can easily flip to it. For Day 2, I skimmed through the case, and made a note of all my AOs, common and role-specific. It's easy to get lost in this case because there's so much paper. I basically struck through all the pages I didn't need to read so I did not get confused. For Day 3, my recommendation is to eat well before the exam because you won't have time to eat during the exam - it is a marathon. I did not eat very well before the exam, and I felt my energy levels dropping towards the end, and I struggled to finish on time. I struggled with FR on Day 3. I knew I didn't do well on FR in Day 2, and was worried I would lose depth in FR (which I did, but I got depth in MA, so all good). Pace yourself this day, breath deep and try not to panic and spiral. Also don't drink a lot of fluids. I had to coffee-up because I did not sleep well the night before Day 3, so I needed to use the restroom like 3 times, and on Day 3 which is a marathon, you really can't afford to lose more time. If you find yourself panicking take a 30 second break. Put your head down, go to the restroom, take a drink of water, do whatever you need to do to calm yourself down a bit. You can spare these 30 seconds because continuing to write while panicked will do more damage. I walked out of Day 1 and 2 feeling good and Day 3 feeling like trash. I assumed I only would've passed Day 1 because of how bad Day 3 went, but I still passed. I hope this helps someone out there. If I passed, everyone should be able to pass. [link] [comments] | ||
| Reddit currently hiring for actual accounting roles Posted: 07 Dec 2021 07:42 AM PST There was a cheeky post last week about a finance position, but as I was job-searching, I saw results for actual accounting positions
Job market is hot right now, and the positions are all remote, so apply while you can! [link] [comments] | ||
| Do you have trouble getting PTO approved at your accounting firm? Posted: 07 Dec 2021 08:14 AM PST Yea we may be given a lot of PTO, but getting it approved is another ordeal....I requested mine 6 months in advance and still waiting to hear. This is some bullshit. [link] [comments] | ||
| Company changing notice period Posted: 07 Dec 2021 07:03 AM PST So after joining a mid tier firm I realised this industry may no longer be for me. Personal stuff also happened and altogether my work performance didn't enable me to pass my probation period. Now, the problem is today after having my review and facing the inevitable the company are trying to tell me my notice has reduced to one week with a weeks pay. This sounds fishy to me and I would like some clarification on how legit this is please. [link] [comments] | ||
| I would like to apologize in advance to the PWC team that will be working with my starting next week Posted: 07 Dec 2021 07:30 AM PST I've been here for a few months now...but tbh I still don't really know what's going on and the department is a bit of a mess right now. My manager took over after the guy who ran the department for over 20 years retired along with the intercompany accountant (my position). The previous manager and person who had my job did almost nothing as for as transitioning and documenting how they did things and also didn't have the best practices to start with so that's been fun to deal with. We also had a few other retirements after that, currently have two open positions, senior level employees doing lots of work that isn't part of their jobs, are currently transitioning to a new ERP system, some other team members are just as new and clueless as me, and corporate is pushing a lot of work on us that was previously done at other entities. In short its not ideal and while it is getting better every week the books are still kind of a mess lol. Still very happy to have this job though even with all the headaches. I graduated last December and got this job after a few months at a shitty bookkeeping job that didn't teach me much besides how to use the number pad really quickly, so I never worked in public and probably won't know most of your terminology. My plan for our first zoom call is to stay muted as much as possible. Sorry you have to deal with me and my bonehead mistakes. I would promise you that there will be no more next year...but I am a realistic man so I'm just going to shoot for less blatantly stupid fuck ups instead and hope that this engagement sucks just a little less for you in 2022 assuming you haven't escaped public accounting by then. [link] [comments] | ||
| Posted: 07 Dec 2021 02:52 AM PST Finished my 1st year and am tired already. I know the 2nd and 3rd year will be worse. I did this to myself by switching from a social science degree to an accounting degree lol [link] [comments] | ||
| Posted: 07 Dec 2021 10:52 AM PST How do I fix this problem? I don't have my CPA yet but I'm going to start studies this week. I'm in SoCal on 100k salary, uncertified senior staff. Will getting my cpa and a large pay increase (when I inevitably jump from B4 to B4) make me happy? What is the meaning of life? I feel so bad for some of the managers I work with. I interviewed with them so well that they were ecstatic to hire me from an associate in MM to senior in B4. I just can't put up with peoples shit anymore. I do my 20 hr jobs in 5-8 hours, and charge 18 hrs to seem busy. I sleep till 9 am and then log on, leave exactly at 5 pm. No ones complained. My reviews are slightly under average which won't warrant me getting fired. I'm the only person they have for 6 clients, and they don't have capacity to bring in new people to these clients. I feel immune to a lot of things here. I don't have much savings right now because I bought an engagement ring, house and a vacation condo (which I'm going to rent out next year), wedding deposits and expenses, so I gotta stay in this field for the next few years to recoup. When do I feel better? [link] [comments] | ||
| Public tax to revenue accounting Posted: 07 Dec 2021 11:28 AM PST I've been in public a few years now and looking to make the jump to industry. I'm coming from a tax background and have zero experience in revenue accounting, specifically asc 606, but was able to get an interview at a really great company. I'm just wondering if I'll be making a mistake going into a really specific and technical area of accounting and if I'd be pigeonholing myself. I'm also really burnt out from the hours in public and lack of staffing, so I don't want my next position to be crazy hours. Anyone have experience in revenue accounting or any advice if I should try to make this transition? TLDR; thinking about transitioning from public tax to revenue accounting but not sure if I'll be pigeonholing myself. [link] [comments] | ||
| Putting in Notice With Nothing Lined Up Yet? Posted: 07 Dec 2021 07:05 AM PST So I've been at a small firm for almost four years now, and I've decided that I want to move on before busy seasons hits. The only issue is that I've only been looking for something new a couple weeks now and don't have anything lined up at the moment. I know that leaving a job without another one lined up isn't ideal, but I have a lot of money saved up so being out of a job for a couple months or something won't be an issue at all. Also, I know that I'd be putting the firm in a tough position by leaving in January or February which is why I'm tempted to put in notice now. I've just been super tired and burnt out over the last twelve months or so and I'm really dreading the thought of going through another busy season. Any thoughts and/or comments on how I should handle this without burning any bridges? [link] [comments] | ||
| Posted: 07 Dec 2021 07:27 AM PST | ||
| Industry hiring managers of Reddit--do you actually prefer Big 4/public experience? Posted: 07 Dec 2021 07:24 AM PST The whole point of B4 is to grind it out a few years and leave to greener pastures--but hiring managers, do you actually give someone w/ public xp an advantage compared to someone w/o? why/why not? what kind of roles? I would imagine public is almost essential in more technical roles (tax for example) and just a "nice to have" in others how can someone w/o "make up the gap"--if it exists? is their a point where things diverge or returns start to diminish ( like do b4 managers have a clear advantage, compared to say seniors in the same application pool relative to non-public people, or is there a point where you stop caring about public experience) [link] [comments] | ||
| Looking for advice on a project (may be the wrong Reddit) Posted: 07 Dec 2021 07:13 AM PST Hey All, I'm been a lurker/poster in this community for a while. Coming to you all with advice on a work project that has been frustrating me for over 2 years. I work in private equity for a family office and we have over $2BN in historical and current transactional data for over 450+ investments and 400+ investors. We've had this database in Microsoft Access since 2002* but have been trying to move this online to a web based database that can spit out basic pre-canned reports (basically updating for dates and seeing transactional data for that time period). Our current outsourced IT team (that handles keeping our network online, and basic network security) has been at the helm of this project. I've got one developer working on this project and frankly isn't doing a good job. I've spent $100k just to have Microsoft Access ported over to Amazon RDS and this new Database is much slower than our old system and doesn't quite work. My question is: where would I look to find a software developer(s) that could manage a project like this? whether it be someone right out of college looking to build a portfolio (Create a web based application to report on Private Equity internal data) or a seasoned professional, I'm just having trouble finding someone to even begin this conversation with. I've found that what I'm looking for isn't what most IT consulting companies do. I know enough to be dangerous in SQL, Python, and basic HTML/CSS but in no event can I make this application look professional which is where I'm looking to hire a Computer Science Person (maybe computer science isn't the right word either but just trying to keep it very general). Do any of you all have suggestions on either other reddits I can post to, know of any computer developers that can manage a project like this (and obviously get paid, my company does not nickel and dime), or just suggestions on the type of people to talk to? Thanks All! [link] [comments] |
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