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Sales constantly increased over the months (I’m doing some coursework prep), but the policy is that we receive 15% of the sales in the next month and 85% in two months.

At one point the cash receipts start to increase above the cash owed, and the closing balance ends up being a negative.

Is this possible?

I am about to graduate with a degree in an unrelated field and was wondering if it is possible to become an accountant by taking the CPA prepatory courses and manage to find a job/internship to gain experience for the CPA exams as I am worried that due to an unrelated degree even if I took those prep courses for the CPA exam I would not find any luck getting jobs. Has anyone had any similar experiences in Canada?

Have you ever left a job that you know that they checked the not rehire-able box?

How did you handle it with future jobs? Did you give any phone numbers as recommendations? I was not there long enough to build rapport.

Long version: So I finally left a toxic work environment. It was a bad fit from day one. Witnessed a manager complaining to other managers about me asking for help with an unclear task on my first week working.

I never discussed it with HR because I was new and didn’t have relationships built up yet with the people there.

For reference, I have 5 years of experience at my job prior and have a good reputation at that non accounting related job.

HELP!! Okay, so I'm preparing for FAR to appear in June and ISC in July.

I'm In the middle if ISC lectures. Just started off with S3.

For FAR I have finished the lectures and have started off with practice exams for each chapter. Just got over with F6.( going backwards) Going to Start for F5 Random practice tests.

Thats my lil background!

I'm a bit nervous and skeptical as to whether I'll be ready for FAR in June.

I have planned my Mini's during last week of May and SE's for 1 and 2nd week of June for FAR.

And this is my first ever CPA exam.

People who appeared for the exam, can you guys let me know if the timeline that I planned will help me with completing the whole portion including review, Minis and SEs.

Thanks a lot.

Just curious, in the past two month, 1 partner and another senior manager asked for my business card. I completely fumbled the bag, still one gave me her phone number and asked me to text her.

Worth the hassle getting one? Does your firm print them out for you, and do you put a few in your wallet?

I’ve been checking this subreddit for awhile. Taking into consideration that the subreddit may not be an accurate representation of the reality of being an accountant, the content still makes me wonder if it is really that bad?

It seems very rare to get these days, with the job market.

I am currently a sophomore in college (US), and will be graduating in 4.5 years to get my 150 credits. Ideally, I would like to do 2 internships, a summer one after my junior year and a winter one for my senior year, but I wasn't sure about this schedule until after I talked to a bunch of recruiters at career fairs/accounting club meetings, where I told them I wanted an internship for winter of my junior year. I'm not sure if that is the right time. One company likes me and I'm waiting for the second round of interviews with them, Should I wait for my senior year to do winter internship? If so, how do I tell the recruiter without sounding like I was just wasting their time doing the first interview?

Also, the recruiter has asked me if I'm interviewing anywhere else, and how well their companies compare. Why?

sorry if these are dumb questions, idk what I'm doing

For a freshman college student who has taken both principles classes. Ik there's book keeping but is there anything else available?

Sorry if this post comes off as arrogant, I know that 20 is still young, I'm just having doubts! I've been working dead-end jobs for the last two years (cashier, etc.), and I really want to be an accountant!

​

Is it too late to start college now and pursue this career?

How is the job market in Canada, and what jobs should i apply for as a recent graduate.

Some background: I don't have any formal education on accounting or business management. Graduated college with a double BS in statistics and sociology trying to park my job in an data analytics job.

Ended up working for a medium-sized S corp as a bookkeeper, and do work for the main parent company + one of their sister companies in CA (I basically am the bookkeeper for both companies).

This is what I know how to do, since I do it myself with some help here and there from my controller:

• AP processing (checks/ACH/wires) and AR collections (pull, monthly AR reports on customers, etc...)
• A bit of payroll (I know how to calculate it and just checks & balances, but advanced stuff I don't)
• Monthly bank rec, including all the JE's, small adjustments, accrual JE if necessary, for both bank and cash side
• Prepaid expenses and fixed asset scheduling. We only use straight-line, but sometimes we use DD. I made an Excel spreadsheet that calculates how much is amortized/depreciated that I make into a JE to track on BS.
• Financial statements prep. I haven't ever made one by scratch, but know how to read and navigate it. I know the baser formulas like how GP is calculated, RE, dividends.
• Cash flow statements and other principles that I learned from just doing the job for 2 years. I also monitor our cash flow from operating accounts, and do internal transfers according to outstanding checks + our AR.
• A bit of state audit prep and W2/tax prep, but only really preparing the documents. I don't know what's what, and why it's really needed.
• I also help out our sales departments with projections, some account managements, and really what areas we're lacking in AR collection + the costs to increase their business.

There's some minor other stuff I'm leaving out, but those are my major duties. I am currently taking 1 to 2 classes at a local community college in attempts to get my associates in accounting each semester, but it's taking time and I'd like to leave this job.

The title they hired me for was bookkeeper, but they keep pushing more and more work on me without giving me substantial pay increases or promotions... Do I have enough experience/knowledge to maybe apply for a Jr. accountant/staff accountant positions?

Thank you so much for any advice in advance!

Is going for the PFS worth it as a CPA? I primarily work as a tax accountant. My employer will not sponsor this.

Not certain what it would do for my career.

Like I did an unrelated degree but have all the additional courses that was required for CPA.

I’m in school for accounting right now two years in… during this i was convicted of possession of controlled substance and battery on a leo.. Will this disqualify me from ever taking the CPA exam? Does this mean I don’t qualify as having good moral character? Do I need to change my major? :( I’m in Georgia btw if that matters

Hi, I'm in Canada about to graduate and I recently got an offer from the office of the auditor general in my province (US equivalent is the office of the state auditor doing legislative audits). This is a CPA pre-approved role with the CPA fully paid for and it's expected that I will pursue it. I will be doing f/s audits in the public sector I believe.

The offer is very generous for my town (New Brunswick so the salaries are very low here). I'm being offered a 62k starting salary with a structured promotions scheme with automatic promotion to senior in 2 years and manager another 3 years after that. Also, 3 weeks vacation as well as 25 paid sick days. DB pension + other fantastic benefits. I should mention that big 4 salaries in my city is ~45k cad to start (Atlantic Canada salaries are abysmal in private sector)

So while the offer is great, I'm just concerned about exit ops since career flexibility/growth is very important to me. I don't know to much about the auditor general but I've always heard bad things about gov jobs on here. Before I commit to this role I just want to make sure it is a good role with decent opportunities later on. There is very little info online about this position so if anyone knows anything about the auditor general please let me know. My other option is an offer with a small accounting firm in another province for a lower salary (~50k).

I'm 37 with a Bachelor's In accounting. Looking to get out the military soon. I plan on having the military pay for a masters in accounting. I'm projecting I'll be finished at 39. Do you think my age would work against me when trying to get recruited by the big 4? I'm 15 credits away from the 150 needed for the CPA, so the masters was my first thought.

Hey guys, I have a misdemeanor from 2018 in domestic violence. I was 19 and seeing a girl at the time and we got drunk, got into a fight and basically I was throwing stuff around and punched a wall and her neighbors called. Got booked and went to court for misdemeanor domestic violence. I have since learned and grown from this incident, I haven’t seen or heard from this person since. I didn’t lawyer up, but I did pay fines and completed probation, it’s the only incident in my past.

I just graduated with my degree in accounting a few months ago, and I currently have a job offer for a F500 company. This never came up during the interview or the new-hire documents they had me fill out, I was not asked about it even once. They’re still running a background check though… which is what I’m really worried about. I’m worried this conviction will impede my accounting career and follow me all my life.

I know I fucked up a lot 6 years ago. I’ve changed since though. I have a better relationship with alcohol, with myself, and with people in general. I’m saving up for an expungement but I don’t have the money as of right now.

Should I disclose this with the HR manager? Should I just not saying anything until they bring it up? I’ve been pretty stressed out about this.

Thanks for hearing me out.

I'm a student from Canada (Alberta in particular) and I am about to do my convocation this June. I had a transcript assessment done in CPAWSB and I would have to retake 2 classes, Taxation and Advanced Financial Accounting. I'm not sure how to go about retaking these classes. I have the option to retake these classes in the institution I went to or at a different institution. I also see some people saying they took classes through CPA PREP. The issue with these options I have are:

1. Taking these courses through the same institution I went to would mean I would most likely have the same exam format I had.

Taxation - cumulative, handwritten, closed book exam AFA - no problem with the exam format for this one, except I was grieving during our exam period

2. Taking these at different institution - I don't know if it would be considered by CPAWSB for transcript assessment if I retake it at a different institution. I already asked an inspector from CPAWSB about it, but I'm still not too sure with this route (which is why I'm asking for advice from this subreddit to get more insight from different people's experience/opinion).

3. CPA PREP - would I be able to retake classes through this even though I already took them at an institution?

Thanks a lot for any help/advice. :)

Haii, I was wondering if nonprofit accounting internships are reputable. I’m a junior or I graduate Dec 25. My long term goals is that I want to work at a small firm, rather doing auditing or consulting.

Ig my follow up to this is if any internship is valuable? Like is it a must in undergrad no matter where the work is being performed at. I currently work at a credit union as a teller/account opener. Would this be valuable within my career as well??

Any thoughts, opinion, or suggestions plz? Just a college student loooking 4 guidance at cross road.

I know this sounds like a dumb question, but I'm in Austin and want to make my way back to Seattle. Ideally I'd like to have a job before moving back.

I've applied to probably 50-80 remote jobs in the last 2-ish months, nothing. Add probably 10-25 jobs located in Seattle area, nothing..

The last few weeks, I've had a lot of messages directly from HR/recruiters within companies (NOT talking about those pesky external "recruiters"/spammers..), and companies I haven't applied at. I've interviewed with a few of them the last 7-10 days, but the thing is, they're all in Austin, and not remote..

So my question is - how do I get HR/recruiters from directly within companies out in Seattle the same way I've had recent success but in Austin? I'd rather not switch my LinkedIn location and say I live in Seattle as if that gets back to my company, that's a big red flag..

Any ideas or will I have to suck it up and say I'm located in Seattle and take that chance?

Thanks!

Background: 3 years PA experience, been in industry job for almost a year

Over the past months, my boss has been dumping more tasks and things to do in my responsibilities even though she knows I’m busy and don’t have time in normal working hours to do it all.

Are they doing this on purpose so they can say I’m not meeting expectations or something so they can fire me later on? It just sounds like the “long game“ for if someone wanted to fire you

I work for the accounting department of a law firm and have been working there for almost a year. We keep bringing in new attorneys, but staff/paralegals have either been jumping ship or getting fired. Has been making me antsy and I've been thinking of applying for new jobs once I pass the one year mark.

I work in AR. My firm makes about 22m a year and my team has been able to collect about 5 mil in revenue while bringing AR down by 3-4 mil. How can I express these achievements in a resume? Are they even good achievements to put on a resume? This is my first real job that has given me any experience. I don't really know what to put and I worry putting down any actual numbers can make me look bad.

I used TaxAct to file my 2023 taxes in March, and I paid the taxes owed (I had ~$100 in line 37 of my 1040). Today, I received a letter in the mail from IRS saying they changed my 1040 to match their records. There's a table in the letter showing a comparison between my calculation and IRS' calculation of line 24. They are the same. Now, there's another table "Your payments and credits" where I noticed that IRS' calculation had the $100 I owe in line 26. This amount was in line 37 of the 1040 I submitted, while line 26 was blank.

Anyone who could ELI5 to me what this means? Why IRS made this change?