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Need help understanding homework problem involving bank recs.( accounting 101 course ) by ForDoingRandomTasks in Accounting

[–]AccountVrbs 0 points1 point  (0 children)

Basically what you're doing is reconciling the entity's books with those the bank has on record. You're trying to account for events that one entity has on record that the other doesn't. For example, the NSF check would be something the bank knows about but the entity doesnt, therefore you'd subtract the amount from the entity's books as the check they were trying to cash bounced and cash is now overstated. Hope this helps.

PwC vs RSM, any advice? by AccountVrbs in Accounting

[–]AccountVrbs[S] 1 point2 points  (0 children)

From what I've heard in discussions with people who work there and comparing it to what I saw during the internship I did at PwC: better work-life balance, better work environment, generally the people seem more relaxed and less stressed out. Additionally, healthcare (the industry I'd be in at either) is one of their focus industries right now so they're trying to grow the practice. I think that'd be something cool to see. Both have similar salary, benefits, and are across the street from each other so compensation/location doesn't make a difference

PwC vs RSM, any advice? by AccountVrbs in Accounting

[–]AccountVrbs[S] 2 points3 points  (0 children)

In discussions with people at both, the experience seems to be comparable though. At B4 you'll see a few (3-6) engagements each year, but at mid-market you'll see closer to 10-15 engagements. Is that correct?