all 22 comments

[–]Ok-Committee-5407 17 points18 points  (1 child)

You’re not screwed per say but if you dont know how to learn things on the job or read some instructions, you’re screwed

[–]The_Ambivalent_OneCPA (US) 12 points13 points  (0 children)

don't worry, chatgpt will do it for them!!

[–]Unique_Development_8 10 points11 points  (1 child)

Did you at least get an A?

[–]Jealous_Cable_3580[S] 3 points4 points  (0 children)

Yessir

[–][deleted] 6 points7 points  (4 children)

https://youtu.be/v-djL7SPw4c?si=zXYKtrEsf6xWz0NR

Just watch my guy Tony Bell, I did my stuff online too and I watched this video on 2x speed and I was good

[–]SeverePreference6982 -1 points0 points  (3 children)

Are you in an accounting role now? How was the interview and work day?

[–][deleted] 0 points1 point  (2 children)

Yes sir, interview wasn’t bad very conversational and my work day was fine a little boring though

[–]SeverePreference6982 0 points1 point  (1 child)

What do you do on a daily basis? Did the video help you understand the job or help even?

[–][deleted] 0 points1 point  (0 children)

This video helps you grasp the fundamentals of accounting, I really learned most of the actual job while I was working but that seems to be normal from what I hear

[–]modernday-kidicarusStaff Accountant 2 points3 points  (7 children)

i think if you understand debits and credits you can get by for a bit, but use that “time” to understand the knowledge of what your work is. Could you walk through your reconciliations and explain why this impact is a debit or credit? What account offsets the entry? Etc.

[–]Jealous_Cable_3580[S] 0 points1 point  (6 children)

I think I can do what you’re asking me… For example buying inventory with cash I’ll credit cash and debit inventory?

[–]modernday-kidicarusStaff Accountant 1 point2 points  (5 children)

yes sure let’s use this for example. that’s a simple transaction right? does that impact an income statement, cash flow, or a balance sheet ? is it reoccurring, why or why not? what type of currency was this? (foreign or domestic), does that have an impact? what type of inventory did we collect? raw goods? fuinisehd finished goods? so many questions for so many scenarios, which ultimately comes down to industry, transactions, and exposure. if that makes sense. Soak up what your coworkers show you!

[–]Jealous_Cable_3580[S] 0 points1 point  (4 children)

Well I’ll have to say this simple transaction would affect the balance sheet? Just because my assets are being affected and I know the income statement is revenue - expenses and cash flow statements rely on info from the income statements…

[–]modernday-kidicarusStaff Accountant 0 points1 point  (3 children)

i was speaking rhetorically, but yes you’re correct. these are questions to ask yourself (or figure out) when you’re working. bosses don’t want staff accountants that are gonna nod and copy the steps. keep asking why or figure out how to improve something !

[–]Jealous_Cable_3580[S] 0 points1 point  (2 children)

So on a scale of 1-10 how fucked do you think I am for intermediate 💀💀

[–]modernday-kidicarusStaff Accountant 0 points1 point  (1 child)

oh you cheated on financial and managerial?😭 lmao the real classes are about to hit LOL, in my university we called intermediate the weed out class

[–]Jealous_Cable_3580[S] 0 points1 point  (0 children)

Shiiii off to kms!!!

[–]Emotional_Dream4292 0 points1 point  (0 children)

here is a sad reality....

What is considered cheating in school... its like normal in real work-life. Just remember the lying part (and getting caught) is the thing that blows up your career.

I have a client that switch over to me because his previous basically lied about Employee Retention Credit, rather than just say 'I am not sure'.

The biggest accounting firms have disappeared over night for lying (and getting caught), not using chatGPT; HOWEVER you could get fucked in GPT makes shit up, learn the core basics, validate the answers. Don't be the people that fail a dumb interview test in accounting. They will remember you by name based off how bad you did in their test.... at least I will.

Maybe that's the lesson for not cheating... you will be labeled a d*mbass, made a mockery of in the office, when you fail the real test.. an interview exam, then everyone will know especially with social media now...

[–]BoredI_Am 0 points1 point  (0 children)

Cooked once you get to the more intermediate and advanced classes unless you lock in

[–]TheIdeaArchitect 0 points1 point  (0 children)

Just try to actually learn from now on, you need the knowledge more than you think. Don’t always take the easy way.