I was planning on doing an IS degree since I'm interested in tech but more on the business side of things rather than development. But hearing what people are saying about the job market is king of scaring me away since I really want a job out of university. I've been doing some digging on alternatives and landed on IT auditing. I know it has a reputation for being mundane but the job stability, worklife balance, and pay makes it seem worth it. Looking at the job postings in my country, they require either IS, IT, or accounting. So I wanted to ask for advice on which degree would be more helpful for that kind of job since double majors are not offered?

Hi,

I am preparing for an exam and I was wondering how can I link ROE with the cost of equity. This, in order to prove that Terminal value growth rate (g) can't be superior to cost of equity (re)

Based on the gordon growth model we know :

(1) Equity value ( share price) = D1/r-g --> r = D1/share price + g

Investor required rate of return is based on Dividend payout ratio + the growth rate of dividends

(2) We also know :

g = ROE * (1-Div payout ratio)

I would like to link (1) and (2) to prove that r>g is always true.

Any thoughts ?

Thanks!!!

I've been offered a payroll job at a decent-sized firm that comes with a relevant qualification. My goal is to work in tax. Would it be wiser to take the payroll job and then transition to a tax position later, or should I decline it altogether?

Anyone doing management company accounting and can truthfully tell me what the day to days are like? Is there a lot of repetition?

Looking to possibly move into an analyst/associate role, but from the search it seems like it is kind of similar to fund accounting role and boring?

Hi,

Made a new reddit for this as my colleagues know my main one.

I'm in UK and half my audits are now remote where I can work from home no problem all 2-3 weeks doing it. Only need to meet for the completion meeting and sign off with clients otherwise all remote.

But then I get those disgusting 1.5 hour commute audits needing to look at paper invoices etc. I hate it, hate the commute hate the small shabby cold rooms we sit in.

Is there any way to get a fully remote audit senior/semi-senior job in UK?

For context, I have an interview with another company next week (not in property accounting) and was doing research on their test questions and noticed that they credit the cash GL account and debit the expense account GL.

For example, current company receives rental income check of $1000. The entry would be:

Debit cash account - $1,000 Credit expense account - $1,000

I want to make sure I pass the test portion of the test, but just a little confused on which way is the correct way at an accounting position that is not in property accounting.

Hi everyone,

I (23 from Australia) want some insights as to how people managed to be able to afford to "lie flat" financially?

I'm about to start my career in accounting, and I fear I won't be able to achieve FIRE. My graduate salary is 42.9k AUD after taxes (equivalent to $27,524 USD per year). I'm considering pivoting out of this industry because I want to achieve FIRE (and also because I'm in a smaller firm).

Lying flat is where one rejects the culture of overworking, while doing the absolute bare minimum to survive.

The reason behind why I asked this question is because I see no future in being forced to work tirelessly for 30+ years and sucking up to the corporate world.

I would like to ideally work for 10-15 years, while saving and investing to the point that I can afford to BaristaFIRE (where I can work low-stress jobs or pursue interests for a living).

My long-term goal is to potentially own a very small townhome/villa in a low COL area in Australia (anywhere), and eventually "lie flat", obviously while still working, so I have the freedom to not be forced to continue the corporate rat race for my entire life. I honestly just don't see myself working until past the age of 60 in corporate.

I mainly posted this to gather everyone's perspectives on the situation. I would really appreciate your advice and wisdom!

I just got laid off. 😪 My first auditing job as a senior at GT and I blew it. I was not expecting this because I just had three pre-audit meetings with different clients this week and just helped complete an audit I wasn’t even scheduled on. Before this job, I was an associate two at a small firm. I thought I was ready for the senior role. Now I feel like applying at another firm as a staff and working my way but I don't even know how to approach this. I am trying to stay positive. Any tips?

Does any one have the accounting Iceberg image?

Hi guys,

Has anyone ever done an interview with LADWP for utility accounting position? If yes, could you share your experience and any insights on how to get prepared. Thank you in advance

I used to be a teacher and currently hold a BA in sociology and PGCE in primary teaching.

I’m currently a SAHM and when my kids are in school will return to work.

I’ve done a bit of accounting work with a family member and want to get in to that field.

Which qualification route would you recommend?

My gf opened a single member LLC for a biz we planned to launch. It never got off the ground before we broke up. I want to make due on the $10k debt I owe to the biz for training. She claimed the 10k loss on her (flow through entity) personal taxes, schedule C.

If she set up a Stripe a stripe account, would there be any reason I couldn't make payments using my CC to the business so that I can get the points instead of just bank/debit/Venmo transfers?

Less important is she claimed the loss but I am the one paying back the money because it is the right thing to do as I was the one that encouraged it. If I did it this way, would the 10k she claimed cause her a tax liability by bringing the profitability from -$10k to a zero dollar balance?

My parents come from a culture that like any culture has some problems that are more pervasive and some good things about it that are more pervasive too.

​

One of these problems is an absolute obsession with classism and maybe damn near worship of particular "formal" education and careers/employers. It's almost complete and utter subservience.

​

My dad is nearly a 60 year old man and still sees the world in this way and I find it hard to respect that. We met recently and had a heart to heart conversation and he said that is how he truly feels because now he can brag to his friends and then they go "oh woooooowww your son worked at Big4name?? Woww" cringey I know. I left around 2 years ago now and my brother told me he still apparently tells everyone constantly. I told him his view of the world is very shallow and materialistic but he just doesn't really want to get it or see it. This is how he just is in some way I guess. I get feeling proud of your son is one thing but the angle with which he sees it just comes across as very shallow. He is from Pakistan so if you're not familiar with how extreme subservience to colonizer related/influenced classism is deeply rooted in that society you might just say I'm petty but it's hard to put in words. When we would have guests over it was a constant barrage of well so and so's son studies this and basically him treating these college kids like Gods for having a whole standard deviation of higher IQ than us. Another example that comes to mind is wrt how his one niece is objectively a very beautiful woman. I recall when we were discussing how they were looking for a husband for her my mom took offence at how he said she's beautiful with a very white complexion and why that is relevant to whether she's beautiful or not and why he had to mention that. The problem is very deep rooted in the culture it's honestly hard to get the vibe across via text. Am I unreasonable for losing respect for him for how he sees the world even at his age?

hi all, i would really appreciate some advice on what to do here. i graduated in 2023 and will continue to take classes until august 2024 to become cpa eligible (changed major late). i had an internship in the summer of 2023 and it did lead to a job offer, but unfortunately it did not work out and i wont be working there anymore. i've been looking for public jobs and it seems like most places are hiring for start dates in mid 2025, should i just apply for these 2025 roles and study for the cpa/get a "bs" job in the meantime or would this be a waste of time? should i start at a smaller firm or is would that put me on a bad trajectory for my career? i was thinking of maybe starting at a smaller firm hiring earlier and stay there for a little while, then go to a bigger public one and eventually industry in 2/3 years?thanks!!

What’s up with this? I said I am unavailable on the weekends and offered a time on Monday.

This is for a senior accountant job paying $80k to $105. I’m overqualified for the position so don’t care what they do.

Who’s seen this?

I got asked this as an interview question and I’m curious what the correct answer is.

. If my department has an invoice in the system from a vendor but my department hasn’t made a payment towards that invoice, should you still book an accrual?

I don’t think you need to accrue an expense when you know what the expense is as per the invoice but I’m not sure what is correct.

I'm currently a first year CS student but I've decided to switch into accounting. I'm currently taking calc 2, discrete math, and a Cs class. This class is overwhelming me and taking time away from from the rest. If I withdraw I'll have w on my transcript. I'm terrified this will close my ability to ever get a job or internship. What your guys opinion? Thanks

Hello. I am a third year university student and will be having my very first internship interview. I was just wondering how to answer the question, “Tell me about yourself.” And also, how do I go about telling my plans for CPA? Thank you in advance!!

I have a job offer from a firm that i need to accept by Tuesday next week but also a last round interview with a bigger firm (same role, same salary) on Monday. Timeline wise there is no conflict as the bigger firm knows of my other offer and will make an offer by Tuesday if they are interested in me.

I'm just nervous of a hypothetical worse case scenario where the bigger firm doesn't give me an offer and my current offer gets rescinded because i waited so long (last day, not past deadline) to respond.

I need help. I’m starting my business and I’m thankful for my clients. It’s a ton of work. I’m up until midnight every night the last two weeks. Working clean ups on 4 new clients.

I need help staying up and staying focused. About 7 at night I start really wanting to just give up……

may balance pa ako sa bdo credit card ko, di ko sya nabayaran last month kasi now lang ulit nagka job. need sa new job ko bdo for payroll, ma approve kaya yun kahit meron pa balance cc ko sakanila?

So, I'm two weeks into my first accounting job. I finished undergrad last November and finally landed a job in parish(county everywhere else) government auditing businesses for local sales and use tax. So far, all I've done for approximately 80 hours is read state statutes. I'm getting paid regardless, but I really want to get into the hands on work! Anyone else who's been in a similar role, how long was your "orientation and training" period? Right now, I would settle for a stack of random invoices to analyze!

Do you regret it?

I'm thinking of switching from internal audit to tax. I'm doing this under the notion that: Tax is more introverted, it would feel super useful to become adept at, it's more practical and realistic to own a tax-based accounting business down the road than an internal audit one. Are these notions foolish?

The big worry is, of course, the busy season hours. Losing your marriage and your kids hating you etc. etc. etc..

I don't know, just interested to hear people's perspectives and experiences. At the end of the day, it's a personal choice for everyone and things are complicated and no one's experience will be the same. But I'd love to hear yours.

What is your take, or “the rule”, if you know the rule, when it comes to editing or deleting an accounting record. Specifically, if you write up an invoice and before you even send it, you realize it’s for the wrong amount. Would you change it or delete it, or would you make a journal entry to offset it? My understanding is as long as it’s in your current time period, and the customer hasn’t seen it, and it won’t affect a previous bank rec or financial report, you can change it. Admittedly although I work in accounting I don’t have a degree in it, so I may be 100% wrong.

Thoughts?

I moved to the Midwest and have been searching for a new CPA for my small business. I’ve been chatting with someone who seemed pretty great (had like 20 good reviews online) but then I found his linkedin and it looks like he attended Devry for both undergrad and masters and teaches accounting there part time too.

Then I started to get judgmental because I have a negative association when I think about Devry. It’s a diploma mill, right?

Anyway, now im having second thoughts but don’t want to be an asshole. Finding a good CPA is hard.

What do you folks think?

Anyone that has accepted or received an offer recently? What is the base salary and bonus offered?

Hello, I have a question regarding electing S corp status as a multimember LLC.

I understand when you elect as an S Corp you have to pay yourself a reasonable salary to the (owners are employees) before distributing dividends. Additionally, I believe you need to BACKPAY a reasonable salary if a salary was not collected (even before the conversion).

However, my friend who is an accountant claims that you can just operate as an LLC, pay yourself $0, and then when you're profitable, you can covert to an S Corp without having to backpay before you converted.

Is this true? I'm just thinking about it logically and if the IRS imposed a rule like this, they wouldn't allow such an easy loophole to be exploited.

I'm not an accountant so hopefully my question makes sense.

Thanks