Accounting At least somebody was honest in this Deloitte info session… |
- At least somebody was honest in this Deloitte info session…
- When the client sends a new TB
- Stop hard coding figures
- I can’t get “it” up for my wife thanks to busy season.
- KPMG dishes out $3K to $6K raises as inflation concerns linger
- How do people manage this
- Drink your fill!
- Workpapers are getting “power reviewed” and I can prove it. Do I do anything?
- Part of EY’s retention strategy seems to be stringing people along waiting for mid-year raises
- Venn diagram
- Anyone else feel like they don’t do shit during the day?
- I'm sure it'll be any day now
- The better the question. The better the answer. The better the world works.
- Audit associates “asking” for help
- 4 months in, I hate it here
- Updated
- It’s Tuesday morning, the second day of your new job
- ..
- A message for those of you working ridiculous busy season hours…
- I need out now
- Cash basis companies
- First staff accountant job
- Are accountants seen as "boring" people because we're just f***ng tired all the time?
- These hours are garbage. How do you people even do this?
- Leaving during busy season
| At least somebody was honest in this Deloitte info session… Posted: 25 Jan 2022 02:53 PM PST
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| When the client sends a new TB Posted: 25 Jan 2022 10:57 AM PST
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| Posted: 25 Jan 2022 06:26 PM PST Just stop it. Formula link everything, I don't care how much it causes your pc to lag, I have a shitty laptop anyway. Whether it's spending hours tracing everything in PY working paper because the guy last year formula linked everything or when client decides to give a full supporting of hard coded figures. Just formula link everything. Gosh, it is that hard? [link] [comments] | ||
| I can’t get “it” up for my wife thanks to busy season. Posted: 25 Jan 2022 09:12 AM PST I just got hired as a staff 1 at a mid size firm. My first day was about 3 weeks ago. It was smooth sailing until I got hit with 10-11 hour shift days. Before I started working here, I finished my internship. During that internship I was able to have fun time with my wife working normal hours. But now that I got this new job and I'm experiencing busy season for the first time, it's impossible for me to even be "turned on". I work from around 9am - 7pm or 8pm. Im always exhausted and I can't even think about wrestling with her. Accountants, how are you able to stay active with your SO during busy season? [link] [comments] | ||
| KPMG dishes out $3K to $6K raises as inflation concerns linger Posted: 25 Jan 2022 01:43 PM PST
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| Posted: 25 Jan 2022 05:07 PM PST I did my internship at big 4 during the spring of 2020. It was in person to start and then we finished the remaining 60% of it wfh due to covid. It was hard but I felt well supported by my team and worked max 50-55 hours. Went on to finish my masters and accepted my offer to start this January (2022). I feel like everything has changed in the 2 years I was gone. I understand not to expect to be treated like an intern but I'm being given work to do that I've never done, on an engagement that doesn't even have a py to look at. The team is the same but they're so busy they don't even have time to explain anything. I keep asking questions and they just don't really get answered. Im starting to feel so stressed out that I've had 3 panic attacks and I've only worked for 4 ish weeks. My schedule is set to have 70+ hours for months. I've been told not to expect weekends for at least 2 months. And all of this for less than 60,000. I could make more per hour at Costco. I feel like I made a huge mistake and I'm in crazy town. My heart feels like it's going to explode. How am I supposed to do any of this work with no help and no experience. I want to quit. Why would I do these hours for no benefit and shit pay. These are investment banking hours for McDonald's pay. How are any of you justifying this, don't you miss your lives? [link] [comments] | ||
| Posted: 25 Jan 2022 07:06 PM PST
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| Workpapers are getting “power reviewed” and I can prove it. Do I do anything? Posted: 25 Jan 2022 08:48 PM PST I've never posted to Reddit before and this is a throwaway account. I need professional advice and nobody in my personal life works in a related field so I thought people here could maybe provide insight. Keeping this as high-level as possible and changing minor details to protect privacy. I'm a Manager in Internal Audit; company is subject to SOX. Everyone on the team has prior PA experience. Department Head set clear expectations when I joined that they expected quality work (i.e. SOX wps good enough for B4 external auditor reliance). I have a great staff and I'm given the time to teach, train, answer questions, etc. This minimizes review comments and their workpapers are good. Another Manager (much older than me and more experienced (including more PA experience)) joined the team mid-year. We use audit software and workpapers route to the reviewer assigned to that area. I noticed that workpapers would enter and leave their review very quickly but those weren't my areas and I chalked it up to an experienced reviewer wouldn't need a lot of time to review a quality workpaper. Over the past couple of months I've noticed that the manager doesn't seem to know basic information about the controls/company. For example, getting asked last week "what debt the company has" by the person who had final reviewed the debt additions and debt covenant controls was concerning. There are many examples of this but I've tried to chalk it up to momentary lapses in memory, being new and just wanting to double check themselves, etc. I've made a good faith effort to share information and show them how to access information whenever asked or if I noticed they might be missing something. One of my staff came to me today feeling frustrated and concerned. They gave many examples but it all boils down to that they didn't believe the manager was looking at any of the work they turned in and was blindly signing off on it. This person never received a single review comment or any type of feedback on any of the workpapers they sent to this manager. As I was reflecting after our talk I remembered that the system has an extensive activity log. I checked it. Not only does the manager rarely login — the activity log shows them entering the system and "reviewing" multiple workpapers within 0-3 minutes. Then exiting the system. This seems to be happening every time. I couldn't find a workpaper that didn't appear to be "power reviewed" (over a couple months and 40+ wps). This is pretty objective evidence that they are just hitting the review button. What do I do? I haven't been impressed with this person's work ethic overall but I'm not their boss and there wasn't anything I felt like was impacting my team until today. We have been working very reasonable hours (40 - 45 a week) and they aren't on other large projects so I can't attribute this to not enough time. I don't have many concerns that there are material errors. But the fact that a second year staffs work isn't even getting looked at is concerning in itself. The staff is also getting robbed of learning/feedback. I have a good relationship with our mutual boss and I think that boss would want to know this. However, I don't want to seem…. Machiavellian? I haven't really dealt with many conflicts in the workplace but in the past I've always been able to address the issue directly with the person from a place of mutual trust. But in this case I don't envision a response other than "how dare you insinuate I'm not reviewing my work papers?" (I'm 99% sure this person doesn't know about the activity log. But that brings up the question of why I was in there since our review doesn't overlap and I don't want to betray my staffs trust in me). Lastly, I could say nothing. But if this came back to bite us and it came out that I knew that the workpapers weren't being reviewed then I think that would be bad. I also don't want the staff to get unfairly blamed. I'm not an experienced manager. I feel frustrated and resentful. Overall, I really like my job and I want to keep it. Any advice would be greatly appreciated. [link] [comments] | ||
| Part of EY’s retention strategy seems to be stringing people along waiting for mid-year raises Posted: 25 Jan 2022 12:34 PM PST Their hand has now been forced and they will have to eventually increase comp soon, but what they offer won't be as good as what the other Big 4 give. I think as we wait and watch the other firms give out raises, EY hopes we will be distracted long enough without EY having to actually do anything. Then when EY is forced to do it, they will reveal some raises that are just bad enough so their bottom line isn't hurt but that will keep the staff doing senior work on board just barely long enough for them to find more fresh bodies. Even more overworked and disappointed managers will leave in droves and be replaced with incompetent replacements. All for the sake of maximizing firm profits while compromising worker morale and work paper quality. What a marvelous time to be alive and to be at EY. [link] [comments] | ||
| Posted: 25 Jan 2022 05:40 AM PST
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| Anyone else feel like they don’t do shit during the day? Posted: 25 Jan 2022 04:26 PM PST I have no idea what I do all day and been feeling EXTRA fucking stupid. I bill my 11 hours but I'm not sure how honesty. Shit takes me wayyyyy too long to do [link] [comments] | ||
| Posted: 25 Jan 2022 08:45 AM PST
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| The better the question. The better the answer. The better the world works. Posted: 25 Jan 2022 10:46 AM PST
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| Audit associates “asking” for help Posted: 25 Jan 2022 06:35 PM PST
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| Posted: 25 Jan 2022 08:52 AM PST Context, recent college grad with masters in accounting working as an A1 at B4. I loved my audit class in college and was a decent student. A's and B's all five years. This is my first full time job, so I don't have a lot of corporate experience besides some bullshit internships here and there. I just don't think this lifestyle is for me. The working yourself into the ground for 4-5 months just to have supposedly "chill" summers and some PTO. I get the money (ignoring any hourly breakdown) is respectable to start. And I know if you just stick it out for a few years, you have lots of options. I always imagined making senior before even thinking about looking elsewhere because I had heard about the amazing exit opportunities. And I recognize in the grand scheme of a career, a handful of years to make senior/manager is really not that long if a time, especially for someone in their twenties. But jfc, I'm already seeing my mental health tank and my motivation at an all time low, I don't think the sacrifice is worth it for more money later on. I know I'm new, so part of me doubts if I'm even justified in feeling this strongly against the job. I'm not oblivious to the fact that I just got here and haven't given it a fair chance. But the other part of me strongly resents the fact that 12+ hours of my day goes to something I truly dislike. Am I in the majority of people? Considering turnover rate is so high, I doubt I'm an outlier in these feelings. I've seen other posts on the sub about people feeling burnout and generally unhappy in their PA jobs, so I'm sure I'm not alone. But I can't tell if the issue is my team, my firm, or accounting in general? I'd really appreciate some perspective from people who stuck it out despite similar feelings, or those who left early on? [link] [comments] | ||
| Posted: 25 Jan 2022 11:48 AM PST
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| It’s Tuesday morning, the second day of your new job Posted: 25 Jan 2022 06:15 PM PST The partner chirps at you that you didn't put in enough hours on Monday. What do you do? [link] [comments] | ||
| Posted: 26 Jan 2022 12:00 AM PST
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| A message for those of you working ridiculous busy season hours… Posted: 24 Jan 2022 11:21 PM PST Just stop. Especially you new hires. I'm in B4 audit, I get it. I get the pressure, I get the fact that you might feel anxious that your team is still on after you've hit your required hours, but that's on them. There's no such thing as an accounting emergency. Nobody is going to die if you don't finish your work papers before bed tonight Work your required hours and log off. That is how you survive. That is how you take care of your mental health. Nobody is going to fire you when they know they're already short staffed. You complain and groan about these inhuman hours but they are done by choice. YOUR choice. So choose to stop. I love my B4 audit job. To save you from snooping and making a snarky comment: Yes I am a staff 1 in audit and have no experience in a higher position in audit. But I come from a background of 6+ years full time in tax, so I know very well what a busy season entails. [link] [comments] | ||
| Posted: 25 Jan 2022 09:29 PM PST B4 audit S1. My stress level is at 100 and I want out now. How do I get a good industry job asap (preferably WFH)? Anyone recruiting for Sr. Accountant positions - how is it going for you? [link] [comments] | ||
| Posted: 25 Jan 2022 06:09 PM PST I work for a privately owned company that is able to file their taxes on a cash basis. Because of this, all of our internal financials are on a cash basis as well. When I prepare the TB for our external auditors, I have to convert everything to accrual basis. My understanding is that this is not super common. How many cash basis companies have you come across? [link] [comments] | ||
| Posted: 25 Jan 2022 03:55 PM PST I just got hired to start at a mid-level accounting firm as a staff accountant. Anything I can do before I start there to help me make the transition a bit easier? I am a bookkeeper at a used car dealership (know basic accounting and basic quickbooks) [link] [comments] | ||
| Are accountants seen as "boring" people because we're just f***ng tired all the time? Posted: 25 Jan 2022 10:31 AM PST | ||
| These hours are garbage. How do you people even do this? Posted: 24 Jan 2022 05:36 PM PST Lol they really think I'm gonna work from 9am to 11pm every night hahahaha for a salaried position LMAO. How do you people even have the motivation or energy to work past 5pm? How do you not have terrible mental and/or physical health problems resulting from these hours? How do you just put off your relationships with friends and family for months on end? Working for long stretches like this must result in more errors and time wasted than actual productive work.... Edit: if you come in here and try to defend working 14+ hours a day, you've officially lost it and you need a refill on your Koolaid. [link] [comments] | ||
| Posted: 25 Jan 2022 07:35 PM PST Thinking about doing a lateral move as a second year out of audit at the big 4 to an associate position in industry. The pay raise will be there, but it's not a huge one. But the reason for the move is my mental health has taken a toll like it's pretty bad and I don't think I can go through this busy season. But would it be career suicide to do so when senior title is just a few months away? [link] [comments] |
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