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black.lion
Apr 1, 2004




For if he like a madman lived,
At least he like a wise one died.

My state wants 150 hours of coursework, 30 hours of which should be accounting - if I go back to school for a bachelor's, that'll be at least 30 hours of accounting credits for my core classes and by then I'll have well over 150 total hours, so that's basically two semesters of work and I'm there. I was hoping that my bookkeeping experience would tick my "work in an accounting position for a year" box but I guess not... I assume I should figure that out using my school's resources (whichever school that may be) as I finish up the degree? Is it going to be much easier to get work if I go to a "prestigious" school vs. some random school in the mountains? Same question, but for a master's instead of a bachelor's?

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Orthodox Rabbit
Jun 2, 2006

This game is perfect for empty-headed dunces that don't like to think much!! Of course, I'm a genius... I wonder why I'm so good at it?!

black.lion posted:

My state wants 150 hours of coursework, 30 hours of which should be accounting - if I go back to school for a bachelor's, that'll be at least 30 hours of accounting credits for my core classes and by then I'll have well over 150 total hours, so that's basically two semesters of work and I'm there. I was hoping that my bookkeeping experience would tick my "work in an accounting position for a year" box but I guess not... I assume I should figure that out using my school's resources (whichever school that may be) as I finish up the degree? Is it going to be much easier to get work if I go to a "prestigious" school vs. some random school in the mountains? Same question, but for a master's instead of a bachelor's?

At least in my state, the hours of accounting schoolwork need to be specific accounting courses so you may want to check on what your state wants. My state also requires that my 1-year of experience be under an active CPA doing actual accounting work (I dont remember the wording they use). Check the cpa board site for your state, it should specifically list all requirements you need to be take the exam and be certified.

Orthodox Rabbit fucked around with this message at 20:01 on Aug 24, 2015

Banzai 3
May 8, 2007
I'm only here for the weekly 24 bitchfest.
Pillbug

SarutosZero posted:

At least in my state, the hours of accounting schoolwork need to be specific accounting courses so you may want to check on what your state wants. My state also requires that my 1-year of experience be under an active CPA doing actual accounting work (I dont remember the wording they use). Check the cpa board site for your state, it should specifically list all requirements you need to be take the exam and be certified.

In addition to this, Illinois doesn’t start the one year of experience clock until after you attain the education (150 hour) requirement. Just another thing to keep in mind if your state is similar.

JohnnyPalace
Oct 23, 2001

I'm gonna eat shit out of his own lemonade stand!
Anyone else waiting on results tonight? I'm hoping to find out that I passed FAR, which would leave AUD as my last remaining section. But I'm not sure if I did good enough on the simulations to get a passing score.

Turd Nelson
Nov 21, 2008

SarutosZero posted:

If I can pass FAR I guarantee you can too.

Holy poo poo that test was hard. One of my task based simulations had stuff that I didn't think was even covered in my course materials. I completely guessed for an entire TBS, and i think my testlets went med-med-hard and then diabolical for my TBS. If i pass this, it will be the greatest accomplishment I've ever done.

Orthodox Rabbit
Jun 2, 2006

This game is perfect for empty-headed dunces that don't like to think much!! Of course, I'm a genius... I wonder why I'm so good at it?!

Turd Nelson posted:

Holy poo poo that test was hard. One of my task based simulations had stuff that I didn't think was even covered in my course materials. I completely guessed for an entire TBS, and i think my testlets went med-med-hard and then diabolical for my TBS. If i pass this, it will be the greatest accomplishment I've ever done.

I remember my FAR simulations were absurd as well. What an awful test. I hope you passed so you never have to see it again.

Turd Nelson
Nov 21, 2008

SarutosZero posted:

I remember my FAR simulations were absurd as well. What an awful test. I hope you passed so you never have to see it again.

Thanks for the encouragement! I'm dreaming of a day when all of these tests are behind me. Next one is at the end of november. Just gotta learn how to do audit now!

Orthodox Rabbit
Jun 2, 2006

This game is perfect for empty-headed dunces that don't like to think much!! Of course, I'm a genius... I wonder why I'm so good at it?!

Turd Nelson posted:

Just gotta learn how to do audit now!

:rip:

Democratic Pirate
Feb 17, 2010

Turd Nelson posted:

Thanks for the encouragement! I'm dreaming of a day when all of these tests are behind me. Next one is at the end of november. Just gotta learn how to do audit now!

Good documentation and formatting will set you way ahead of most of your peers, at least for your first year.

Horseshoe theory
Mar 7, 2005

Having done audit and tax work, tax is universes more interesting (particularly tax consulting work), IMO.

Gabriel Grub
Dec 18, 2004
FML, I think my supervisor from my last job is going to give me the cold shoulder on my CPA work experience. Now I have to start the long, laborious process of bringing it to the attention of the Board of Accountancy, and the only reason I took the job in the first place was for work experience hours.

Mandalay
Mar 16, 2007

WoW Forums Refugee
Can you ask your supervisor's supervisor?

Orthodox Rabbit
Jun 2, 2006

This game is perfect for empty-headed dunces that don't like to think much!! Of course, I'm a genius... I wonder why I'm so good at it?!
Really glad I'm doing my CPA stuff now before the 2017 changes.

black.lion
Apr 1, 2004




For if he like a madman lived,
At least he like a wise one died.

Whats changing in 2017?

Orthodox Rabbit
Jun 2, 2006

This game is perfect for empty-headed dunces that don't like to think much!! Of course, I'm a genius... I wonder why I'm so good at it?!

black.lion posted:

Whats changing in 2017?

This is what was in the update I got about it:

quote:

The CPA exam is going to have many changes in 2017. The changes culminate in an exam that is more difficult with questions that test candidates at higher levels of knowledge.

In the field of education, there are multiple levels of knowledge (listed from lowest to highest): Remembering, Understanding, Application, Analysis, Evaluation, and Creation. The current CPA exam tests at the Remembering, Understanding, and Application levels of knowledge. Beginning in 2017, the CPA exam will also test candidates at the Analysis and Evaluation levels of knowledge via new, more difficult multiple-choice and simulation questions.

So, as a CPA candidate, you're probably wondering what these fancy educational terms potentially mean to you. To put it into perspective, we'll demonstrate the levels of knowledge with accounting examples. The remembering level (the lowest level) is the ability to repeat back what one has been taught. For example, remembering that the IRS allows for a building to be depreciated over 39.5 years demonstrates the remembering level of knowledge.

At the next level, understanding, the CPA candidate should be able to not only repeat what has been taught but also comprehend the principles and theory behind the knowledge. For example, being able to explain to a client the mechanics (or journal entries) of depreciating a building over 39.5 years demonstrates the understanding level of knowledge.

The application level is where a CPA candidate not only understands the theory, but also can apply what has been learned and perform in accordance with that knowledge. This is the level tested by the current task-based simulations. The ability to make a journal entry for depreciating a building and compile the effects on the balance sheet would demonstrate the application level of knowledge.

The next two levels of knowledge, analysis and evaluation, can ultimately be combined into one basic idea: A CPA candidate will need to be able to associate various learned elements with other segments or blocks of learning or accomplishments. Questions that test a CPA candidate's abilities to reconcile, conclude, or evaluate scenarios are evaluating the highest levels of knowledge. For example, uncovering an understatement of ending inventory during an audit should make a CPA candidate conclude the client may be trying to understate profits by overstating cost of goods sold and thereby defer tax liabilities to a later period. The auditor should also be concerned that the client may try to understate profits in other ways, such as by not recognizing sales or overstating other expenses in the current period. Thus, further auditing in these areas may be warranted. This type of inter-correlating information and knowledge demonstrates these higher levels of knowledge. I refer to these higher levels of knowledge as being able to answer the "so what" questions. If you can explain why something is important or not important, then you have reached the analysis and evaluation levels of knowledge.

Remember that these advanced cognitive skills are not currently tested on the CPA exam. Beginning in 2017, though, all 4 sections of the CPA exam will test at the analysis level, and the Auditing & Attestation section will also have questions testing at the evaluation level. Therefore, this is a really big step for the AICPA and it demonstrates that the questions on the CPA exam will become much more difficult.

Besides the changes in difficulty discussed above, the other significant changes slated to be released in 2017 are (1) the exam will be longer, (2) there will be task-based simulations in BEC in addition to written communications, and (3) there will be a new type of simulation called a Document Review Simulation. Frankly, all of these changes will likely be easier for candidates to contend with than the new questions testing higher levels of knowledge.


The tl;dr is that the exam is getting harder starting 2017.

Zarfol
Aug 13, 2009
Guess I better at least knock out FAR and REG before 2017, since those changes look terrible.

Gabriel Grub
Dec 18, 2004

Mandalay posted:

Can you ask your supervisor's supervisor?

My supervisor is the only CPA at the company and must be involved in the sign-off. In any case, I suspect the static I'm getting may be because the Controller, her supervisor, doesn't want to sign off. He's not a CPA and doesn't have to do anything.

black.lion
Apr 1, 2004




For if he like a madman lived,
At least he like a wise one died.

SarutosZero posted:

This is what was in the update I got about it:


The tl;dr is that the exam is getting harder starting 2017.

Well I guess I have plenty of time to study :saddowns:

Banzai 3
May 8, 2007
I'm only here for the weekly 24 bitchfest.
Pillbug
Re: the new CPA exam, there is an exposure draft that outlines all the changes. Some include the increasing of the length of BEC and AUD by an hour each, adding 8-12 more simulations in total (including in BEC; at the expense of ~40 multiple choice questions), and a new type of sim. Interesting reading and I'm sure glad I passed already.

http://www.aicpa.org/BecomeACPA/CPAExam/nextexam/DownloadableDocuments/Next-CPA-Exam-Exposure-Draft-20150901.pdf

Audax
Dec 1, 2005
"LOL U GOT OWNED"
If accountants don't enjoy making GBS threads on each other enough...

i say swears online
Mar 4, 2005

Where would I find news on specific companies regarding the new GAAP and IFRS regulations? Google's not helping and my professor less-so.

Three of Clubs
Dec 7, 2004
really truly?
Can you be more specific about what kind of news you're looking for?

Moneyball
Jul 11, 2005

It's a problem you think we need to explain ourselves.
I'm finally going to get back to completing my CPA. I'm realizing I can't really get to where I want without it. Only wasted a couple years putting off studying, plus a few thousand on a prep course!

So before I go spending any more money, is Roger CPA worth it? I'll be doing the fresh start discount course for $1,300 plus all the testing fees, for about $2,300 or so.

I suppose I could just get a cheap book and buy a MCQ bank, but spending more without going in to the $3k range for Becker gets me a complete course in Roger. I haven't seen anything negative about it, and whatever it takes to get me to pass, I will sacrifice.

For those who have used it, how user friendly are the MCQ and simulations? I signed up for a free trial, but those are not included.

SiGmA_X
May 3, 2004
SiGmA_X

Moneyball posted:

I'm finally going to get back to completing my CPA. I'm realizing I can't really get to where I want without it. Only wasted a couple years putting off studying, plus a few thousand on a prep course!

So before I go spending any more money, is Roger CPA worth it? I'll be doing the fresh start discount course for $1,300 plus all the testing fees, for about $2,300 or so.

I suppose I could just get a cheap book and buy a MCQ bank, but spending more without going in to the $3k range for Becker gets me a complete course in Roger. I haven't seen anything negative about it, and whatever it takes to get me to pass, I will sacrifice.

For those who have used it, how user friendly are the MCQ and simulations? I signed up for a free trial, but those are not included.
I'll post some screenshots of the MCQ/TBS's from Roger this weekend. It was just updated and is massively better. I'm studying for AUD now and did FAR last month (may have failed, had some life events interrupt my studying, I'll know in another 2wks!) and the video lectures are really fast paced, but you can (and probably will need to) rewind of course.

Moneyball
Jul 11, 2005

It's a problem you think we need to explain ourselves.
If you're paying for it yourself, would you do it again now after trying it out?

Moneyball
Jul 11, 2005

It's a problem you think we need to explain ourselves.
Another question- I have the old Becker books with all of the notes taken. I didn't get much out of the lectures, maybe the ability to revisit a section helped, but I just watched them once to take the notes (I believe I saw that recommended somewhere)

The consensus seems to be just drill MCQ over and over, maybe make some flash cards.

Not that it's a good idea to cheap out on things, but would it be worth it to try just buying a test bank like Another71's Ninja MCQ, dipping my toe in for $47, seeing how useful just drilling MCQ is? I could supplement that with the notes from the Becker book and google any questions I need help on.


Or I could go ahead and buy the Roger course.

Butt Wizard
Nov 3, 2005

It was a pornography store. I was buying pornography.
On leave as of tonight, one week to prep for NZ PCE.

Butt Wizard
Nov 3, 2005

It was a pornography store. I was buying pornography.
NZ PCE finished. hosed up a WACC calc and my notes on impairment were trash. Still, it's over.

Smiles
Oct 23, 2012

I thought I might ask here instead of the interviewing thread: I'll be interviewing with a partner or two next week at one of the Big Four's here in Melbourne for an Audit Senior position, so I was wondering if anyone had any advice on what to expect? :ohdear:

nm
Jan 28, 2008

"I saw Minos the Space Judge holding a golden sceptre and passing sentence upon the Martians. There he presided, and around him the noble Space Prosecutors sought the firm justice of space law."
So my younger brother (M.A. in accounting, currently taking CPA tests) recently got an offer from PWC in a large US metro area for some associate position.
I'm just some lawtalking guy, but it sounds a lot like "big law" in the sense that the grind the poo poo out of you, pay you more than you'd expect to make (though way less than big law), but it gives you a lot of openings. Is that roughly true?
Also is there a reason not to take that job v. medium established firms in midmarkets he'd be happy to live in.

Good Citizen
Aug 12, 2008

trump trump trump trump trump trump trump trump trump trump

nm posted:

So my younger brother (M.A. in accounting, currently taking CPA tests) recently got an offer from PWC in a large US metro area for some associate position.
I'm just some lawtalking guy, but it sounds a lot like "big law" in the sense that the grind the poo poo out of you, pay you more than you'd expect to make (though way less than big law), but it gives you a lot of openings. Is that roughly true?
Also is there a reason not to take that job v. medium established firms in midmarkets he'd be happy to live in.

PwC in a major metro will definitely grind the poo poo out of you but not as much as in big law, and the real grind starts after year 3 (PwC has 3 years as staff).

The big 4 are way better for your resume than medium size firms and i wouldn't say the medium size firms are all that much nicer on average to their staff/seniors. Depends on the firm of course

Hurt Whitey Maybe
Jun 26, 2008

I mean maybe not. Or maybe. Definitely don't kill anyone.
The benefits are nice, and they actually have a system whereby current employees can find out about positions with clients. You work a lot, but in off-peak seasons it's much closer to a 40 hour/week job. Of course it depends what line of service he's looking at.

Good Citizen
Aug 12, 2008

trump trump trump trump trump trump trump trump trump trump

Hurt Whitey Maybe posted:

The benefits are nice, and they actually have a system whereby current employees can find out about positions with clients. You work a lot, but in off-peak seasons it's much closer to a 40 hour/week job. Of course it depends what line of service he's looking at.

The benefits are nice but in a major metro you're still only getting to around 40 in off peak because you're still eating hours and also not counting your 3 hour daily commute.

moon demon
Sep 11, 2001

of the moon, of the dream
They will also not pay you very much. $50k starting in some places doesn't go very far.

nm
Jan 28, 2008

"I saw Minos the Space Judge holding a golden sceptre and passing sentence upon the Martians. There he presided, and around him the noble Space Prosecutors sought the firm justice of space law."

chupacabraTERROR posted:

They will also not pay you very much. $50k starting in some places doesn't go very far.

Yeah, $50k won't buy poo poo there. Dunno what salary they are offering.

Do they do lockstep salaries?

Good Citizen
Aug 12, 2008

trump trump trump trump trump trump trump trump trump trump

nm posted:

Yeah, $50k won't buy poo poo there. Dunno what salary they are offering.

What city? I can probably tell you the intro rate by city

nm
Jan 28, 2008

"I saw Minos the Space Judge holding a golden sceptre and passing sentence upon the Martians. There he presided, and around him the noble Space Prosecutors sought the firm justice of space law."

Good Citizen posted:

What city? I can probably tell you the intro rate by city

SF

Good Citizen
Aug 12, 2008

trump trump trump trump trump trump trump trump trump trump

Oh god don't start in SF. But yeah they're in the top tier of pay so probably a little more than 57k first year with 3k signing bonus and around 5k for finishing the CPA in the first year

nm
Jan 28, 2008

"I saw Minos the Space Judge holding a golden sceptre and passing sentence upon the Martians. There he presided, and around him the noble Space Prosecutors sought the firm justice of space law."

Good Citizen posted:

Oh god don't start in SF. But yeah they're in the top tier of pay so probably a little more than 57k first year with 3k signing bonus and around 5k for finishing the CPA in the first year

Why not SF?
Office issue or can't afford to making under 7 figures issue?

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Good Citizen
Aug 12, 2008

trump trump trump trump trump trump trump trump trump trump

nm posted:

Why not SF?

Mostly cause cost of living there is hell and pay tiers don't rate it higher than the other more affordable tier 1 markets.

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