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I assume you've already seen this, but in case you haven't: http://www.dca.ca.gov/cba/applicants/self-assess-wrksheet.pdf
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Nov 24, 2014 01:04
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Second 74 in a row on BEC.
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Nov 24, 2014 19:02
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Harry posted:Second 74 in a row on BEC. That's brutal. I take my CMA in January (both parts), then going back to school to pick up a Computer Science degree (to get units for the 150 CPA requirement), and then I'll be taking my CPA. Theoretically in 2-3 years I'll have dual major BS in Accounting/BS in Computer Science, CMA, and CPA. At which point I'll probably pursue an MBA if it makes sense and I can get my current company to pay for it.
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Nov 24, 2014 19:56
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Bugamol posted:That's brutal. I take my CMA in January (both parts), then going back to school to pick up a Computer Science degree (to get units for the 150 CPA requirement), and then I'll be taking my CPA. Theoretically in 2-3 years I'll have dual major BS in Accounting/BS in Computer Science, CMA, and CPA. At which point I'll probably pursue an MBA if it makes sense and I can get my current company to pay for it. Why not do the MBA to get the 150 credits?
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Nov 24, 2014 20:14
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posh spaz posted:Why not do the MBA to get the 150 credits? Long story short I'm only 20ish units away from my CPA requirements. I also started college as a Comp Sci major and am only 20ish units away from a Comp Sci degree. I also think there's a huge market for someone with an accounting degree + computer science degree. Also I've already gotten tentative confirmation that my company will pay for the Comp Sci degree.
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Nov 24, 2014 22:41
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That sounds like a solid option to me. My department (corp finance for a ~3bn ~3k employee company) has 3 people who have either double majors or years of dual employment of IT and ACTG, and 2 more with lessor but similar experience. There are allllll sorts of IT data needs for corp actg, as I'm sure you know. Between coding reports, writing/maintaining 'NIX scripts and keeping the GL operational, there are lots of jobs for those folks. In fact, the person who held my accountant position about a decade ago was a dual major, and he coded a number of robust macros that are still in use today, with minor updates.
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Nov 24, 2014 22:53
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With comp sci + a CPA and some decent business writing skills you could probably jump to consulting if you wanted too
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Nov 25, 2014 06:28
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Good Citizen posted:With comp sci + a CPA and some decent business writing skills you could probably jump to consulting if you wanted too Is anyone here already have these? It seems like a super great combo, however I've not heard many people actually having it.
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Nov 25, 2014 06:38
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Just got my score for BEC - 83! It is such a relief to know that I won't need to study this crap anymore and I can chuck it out of my brain! Now I can move full steam ahead with REG in January!
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Nov 25, 2014 06:59
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N.N. Ashe posted:Is anyone here already have these? It seems like a super great combo, however I've not heard many people actually having it. It's a combo that companies want and some schools have been pushing it as an option for a while now. Some programs have overlapping upper division core classes shared between the two, like internal controls and database classes. The people I know who went that route received good offers in either consulting, internal control assurance, or information security. So yeah, it's definitely A Thing.
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Nov 25, 2014 15:55
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N.N. Ashe posted:Is anyone here already have these? It seems like a super great combo, however I've not heard many people actually having it. No one at my current company has it, but having any intermediate to expert computer skills on top of an accounting degree can work wonders. It's almost somewhat shocking the number of people who have horrible computer skills, especially for people that are in my generation. I just feel like this is the next step. My "goal" is to have my CMA, CPA, MBA, BS in Computer Science, and BS in Accounting by 2022. Early 2015 - CMA (in process) Mid 2015 - Start Computer Science (6 units a semester) Mid 2017 - Graduate Computer Science End 2018 - CPA Mid 2019 - Start MBA (assume 3 year program, possibly online if I'm paying for it myself) Mid 2022 - Finish MBA At that point I would have 10 years of accounting/finance experience (assuming I stay the course and don't get myself fired), CMA, CPA, MBA, and BS in Computer Science/Accounting. However I was recently approached about joining an operations team (at the same company) as a team leader which would get me some supervisory experience and the ability to see a different side of the envelope. Not sure if anything will pan out though.
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Nov 25, 2014 17:44
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Just got my welcome packet for the local CPA chapter. Has anyone else seen the Robert Half salary report booklet? Some of the stuff is kinda duh (the CPA is the most highly-regarded qualification for accounting and finance). I'm kind of curious how much faith I should put into it. Some of the jobs I've been looking at offer salaries in the range, some are a bit below. My assumption is you wouldn't want to pay below-market rates if you're serious about employee retention. Is that correct, or is that not really a red-flag? I assume it's a red flag because that lovely job I thought was really good actually paid a few k under the range, apparently. posh spaz fucked around with this message at 19:05 on Nov 25, 2014 |
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Nov 25, 2014 19:00
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N.N. Ashe posted:Is anyone here already have these? It seems like a super great combo, however I've not heard many people actually having it. I have a MIS Master's degree and a CPA, went into a Big 4 job doing ITGCs and SSAE16 testing. Right now nothing I'm doing is super exciting or needs specific CPA or MIS knowledge, but it should get more interesting as my job responsibilities increase. It's an attractive combo to recruiters, but I haven't sat down and thought out any career options yet. A good amount of people leave to go do internal audit in industry, but that sounds deathly boring.
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Nov 27, 2014 03:52
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Last day at CA firm tomorrow, which is also PAS results day for NZ's CA program. There's four people from the office who are going to get results so it could be a big night.
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Nov 27, 2014 05:48
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Democratic Pirate posted:I have a MIS Master's degree and a CPA, went into a Big 4 job doing ITGCs and SSAE16 testing. Right now nothing I'm doing is super exciting or needs specific CPA or MIS knowledge, but it should get more interesting as my job responsibilities increase. It's an attractive combo to recruiters, but I haven't sat down and thought out any career options yet. A good amount of people leave to go do internal audit in industry, but that sounds deathly boring. Thanks for the reply! Any reason you went MIS instead of CS? I've been thinking about making the dive into one of those two masters, though I keep wavering on which would be better. Also how are your hours doing that?
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Nov 27, 2014 20:11
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N.N. Ashe posted:Thanks for the reply! Any reason you went MIS instead of CS? I've been thinking about making the dive into one of those two masters, though I keep wavering on which would be better. Also how are your hours doing that? Honestly, I went MIS because I was in the business school, while the CS department was in the college of engineering. I was going to declare MIS as my major after my sophomore year, but then the recruiters for my college's professional program in accounting came and pitched the following: -98% job placement rate out of college -Pass the CPA before graduating -Accounting Bachelor's and MIS [or Finance/Tax/Marketing/Entrepreneurship] Master's -Busy season internship while getting paid OT if you go Big 4 and so on and so forth. The program is a total Big 4 farm, but it's an incredibly attractive option for a college student who doesn't know exactly what they want to do - at worst, you can go get a Big 4 name on your resume while working for 1-2 years before jumping ship. However, the Master's curriculum is shorter than a traditional Master's program and the classes were tailored to accounting, so, in my opinion, I'm not as technically skilled in MIS knowledge as someone coming out of other school's grad programs. Currently I'm in busy season, which lasts from September-December/Januaryish, so I'm working around 50 hours a week. My seniors and acting seniors are working maybe 55-60, but that fluctuates depending on how bad an engagement is blowing up.
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Nov 27, 2014 22:37
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Today is my final day at a CA firm and I'm boozing it up with colleagues in their lunch room.
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Nov 28, 2014 09:38
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Congrats successful UFE writers!
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Nov 28, 2014 18:02
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Big night last night, our four PCE candidates all passed. I also got my forms in for next year so I'm enrolled in the final year.
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Nov 28, 2014 21:58
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Hey guys I'm considering an accounting/financial management career and have a question: If you're an accountant or an auditor, can you get jailed for making an honest mistake? It just has me a bit worried, since tax authorities can be really loving scary.
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Dec 5, 2014 13:28
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Keisari posted:If you're an accountant or an auditor, can you get jailed for making an honest mistake? It just has me a bit worried, since tax authorities can be really loving scary. I am not a lawyer, etc. Generally speaking, at least in the US, no. If you exercise due care (basically you did your job competently and acted as a qualified accountant reasonably would, but maybe came to the incorrect conclusion on something), you absolve yourself of nearly all criminal liability. Even if you are negligent (no due care exercised), criminal charges are likely off the table. Gross negligence (willful or reckless disregard for professional standards) and fraud are another story, obviously. Even then, at lower levels in a company, all your work goes through several levels of review. If you personally messed something up, someone up the chain is probably going to find it or take the fall. But even then, the same standards apply. If it turns out you made a $2 million mistake and no one reviewed it, the partner is the liable party until you reach a certain level of competency since his/her lack of review is considered gross negligence.
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Dec 5, 2014 14:03
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Ok! That is pretty reassuring. I guess nobody would want to be an accountant or auditor if you got jailed for honest mistakes.
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Dec 5, 2014 15:41
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You're going to spend a lot more of your energy worrying about AQR and Pcaob notes than criminal prosecution.
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Dec 5, 2014 15:44
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Keisari posted:Hey guys I'm considering an accounting/financial management career and have a question: If you are specifically talking about dealing with the tax authorities, chances are you're talking about the IRS. Our good friends at the income tax thread would be able to give you more detailed info, as they are practicing and nice folk. Criminal penalties generally have to do with fraud, which precludes mistakes. For auditors it's slightly different. When I read about an auditor going to jail it is for insider trading. Did you know that information gathered during an audit is confidential and must not be used for investing decisions? Google any of the big accounting firms plus "insider trading" if you want more info. Yeah like Good Citizen is saying, you will invest about 0% of your thoughts into whether a mistake will land you in jail. Oh I might as well tack on this: If at any point your superiors are making you do something you think is illegal, leave as soon as you can. I mean you could check with legal counsel, but it's almost never worth the effort to stay. Edit: Also, consider careers that have better hours and higher payscales. N.N. Ashe fucked around with this message at 17:40 on Dec 5, 2014 |
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Dec 5, 2014 17:35
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N.N. Ashe posted:Edit: Also, consider careers that have better hours and higher payscales. Taking this a step further. Don't pick a career solely based on hours/existing job markets/pay scales. Balance that against not majoring in Art History and expecting a six figure job right out of college. I'm not saying you have to love what you do at work, but it helps to be good at it and not hate it. If you suck at your job and hate what you're doing you're either going to get pushed out or burned out. The big push these days seems to be "Learn to code! Get a job in Computer Science! You don't even need a degree!". The two major flaws with this are that not everyone can be a programmer and if it keeps up the market is going to get saturated and jobs are going to be more competitive.
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Dec 5, 2014 19:52
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Almost finished my law rotation in the graduate program, and will be put into an accounting/tax role come next year. Never thought I'd be happy to get back to deferred tax assets and liabilities, but here we are. I'm so beat right now, even though it's a just a grad program. I'm glad I didn't study law or choose it as a career. Bugamol is right when he/she talks about sucking at your job help leads to burnout. I'd be eaten alive if I were a real lawyer.
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Dec 6, 2014 07:03
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What's the etiquette for working with multiple recruiters? I kinda think I've been blacklisted from the last one after I got fired, but I doubt they'd ever tell me so. I had an interview with a different recruiter today and I am not sure if I need to tell the other recruiter I don't want to work with them anymore. Neither explicitly has an exclusivity requirement, I just don't want to screw up more than I may have already. I was only discussing direct hire stuff with the new recruiter. I asked why a company would do contract to hire, they said it was a "try before you buy" thing. I don't really want to be a product that's easy to return, and after last time I'm extremely gun shy about another contract to hire position. Am I being crazy or should I hold out for a direct hire opportunity? posh spaz fucked around with this message at 07:15 on Dec 6, 2014 |
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Dec 6, 2014 07:08
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Keisari posted:Hey guys I'm considering an accounting/financial management career and have a question: In the UK I think you can go to jail for not spotting money laundering as an auditor. Basically, because you've done the ACA qualification you're supposed to be more than qualified to pick up on it. So if an investigation found that the signs of money laundering went by your desk unnoticed, you could be in trouble.
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Dec 7, 2014 12:10
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I passed FAR. It was my first section. Which section should I take next?
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Dec 9, 2014 15:20
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SarutosZero posted:I passed FAR. It was my first section. Which section should I take next? Go for Reg next to knock off the big ones.
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Dec 14, 2014 20:47
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My PIN is 4826 posted:In the UK I think you can go to jail for not spotting money laundering as an auditor. Basically, because you've done the ACA qualification you're supposed to be more than qualified to pick up on it. So if an investigation found that the signs of money laundering went by your desk unnoticed, you could be in trouble. But I assume that if you've passed your exams and poo poo you'd notice this kind of laundering? (Or at least it'd be so well done you wouldn't go to jail) Presuming you are not literally sleeping on the job. Isn't it rare for an auditor to go to jail if he's honest at heart and not intentionally trying to do something like that?
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Dec 18, 2014 07:59
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If you're doing public company audits you'd be glad to be in prison if it meant avoiding civil liability if you didn't catch some sort of obvious fraud that results in an audit failure. But for real you aren't going to go to prison as an accountant unless you pull some Enron type poo poo.
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Dec 18, 2014 12:14
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SarutosZero posted:I passed FAR. It was my first section. Which section should I take next? AUD has a lot of overlap with FAR and would be a good choice before you dump everything out of your brain
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Dec 19, 2014 03:44
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So I've got a lot of free time right now. What programming stuff would be most useful to learn, that I can self-teach? I was thinking SQL, dunno about others. Is there any way to learn SAP or Peoplesoft on your own? Any other software I should be looking into?
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Dec 21, 2014 23:29
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Inventory counts are weird as hell.
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Dec 31, 2014 14:12
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Democratic Pirate posted:Inventory counts are weird as hell. I actually enjoy them most of the time. Each one is so different that it's interesting
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Dec 31, 2014 15:06
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Anyone volunteer do do VITA tax prep? I just passed the basic exam, and I'll finish the advanced within a week. Basically looking for any advice or pointers for what to expect in the next 4 months.
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Jan 9, 2015 04:11
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posh spaz posted:So I've got a lot of free time right now. What programming stuff would be most useful to learn, that I can self-teach? I was thinking SQL, dunno about others. Is there any way to learn SAP or Peoplesoft on your own? Any other software I should be looking into? Theres a $10 udemy course until tomorrow called business analytics for beginners or something that lets you try sap
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Jan 9, 2015 04:18
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Democratic Pirate posted:Inventory counts are weird as hell. In my job we do them for different clients about every other week. They get boring quick.
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Jan 9, 2015 08:08
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savesthedayrocks posted:Anyone volunteer do do VITA tax prep? I just passed the basic exam, and I'll finish the advanced within a week. Basically looking for any advice or pointers for what to expect in the next 4 months. Most of the returns will be straightforward/simple, since VITA doesn't do stuff more complex than basic W-2s and some interest/dividends (I currently volunteer at a different organization that has no restrictions other than income limit so there's itemized deductions, capital gains, COD income, etc).
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Jan 9, 2015 13:43
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