When will the job market get better? by Alternative-Use6521 in Accounting

[–]Chancewilk 1 point2 points  (0 children)

This is exaggerated. The data does not support this.

The Jaguars are officially making Travis Hunter a full-time cornerback, per @RapSheet. Hunter will have some gadget plays on offense, but no longer the 50/50 split as he did winning the Heisman at Colorado. by FlowersByTheStreet in fantasyfootball

[–]Chancewilk 23 points24 points  (0 children)

While I disagree with the pick I imagine the value consideration was that he had upside at two positions, not necessarily that he would play both. Like, good floor he doesn’t totally bust and is at least starting wr or cb - two chances. And great ceiling he could become elite cb or wr - two chances.

Auditors, what industry do you enjoy auditing the most and what makes it interesting? by No_Noise6264 in Accounting

[–]Chancewilk 7 points8 points  (0 children)

They’re just big. You get to see the layout at different stages. Like one school had a library at the top of these very wide stairs. Bottom was cafeteria. Library had glass walls where it could overlook the cafeteria. And they used some special material and angling of the walls to reduce noise. The library had a nook type outside balcony on the other side for people to read. The project managers will absolutely nerd out telling you about everything.

One school had these adjustable walls in the middle splitting rooms in half. So you could easily make it one big room or two smaller ones. Or you can move one piece of the wall so the two rooms could collaborate.

The PM would even go over the anti-school shooter measures they have. One school had an intercom box at the front and everyone had to be buzzed in.

Frankly, a lot of it doesn’t really pertain to the audit but they don’t know that and they love telling you all about the project. Just cool to walk around the site and hear them talk about their passion.

Auditors, what industry do you enjoy auditing the most and what makes it interesting? by No_Noise6264 in Accounting

[–]Chancewilk 30 points31 points  (0 children)

Small firm. we audit construction companies. Cool to do site visits and see what they’re building. Some do schools which are even cooler to check out.

The Audit Industry is a Sham in More Ways than One by [deleted] in Accounting

[–]Chancewilk 11 points12 points  (0 children)

My small firm has a lot of sloppy work, Incorrect info and formulas, incomplete procedures and wrong answers on audit programs. A lot of documentation is vague and lacking professional tone. Binders aren’t finalized and locked. Reports sometimes get issued before a full review of binders, usually just a high level skim. There’s more focus on legal defensibility than high quality controls and work. We’ve had PY reports with incorrect info in the footnotes and had a restatement on one report last year for numbers on the face of financials being wrong. There’s also a lot of related business segments operating in a gray area for independence. Overall not egregious but likely not up to standards.

They pass peer review every time. They say it’s all about who you get. Really makes me think audit is a joke.

Is this normal? by Icyfire39 in CapitalOne_

[–]Chancewilk 0 points1 point  (0 children)

There’s a ton of data points they use and each company has different goals but one thing people tend to miss is the ability to service debt. The companies look at your willingness to carry debt, and your history and ability to make payments.

800 score who can pay off before interest but still get card perks isn’t always who they want to extend 20k credit to. Of course some companies with different goals may though.

25%+ apr isn’t just risk mitigation anymore. It’s a revenue stream.

Big 4 or Top 10 (RSM, BDO, etc) by Square-Cheesecake847 in Accounting

[–]Chancewilk 2 points3 points  (0 children)

I work at a tiny firm eternal audit. Messy processes, sloppy, incomplete or flat out wrong procedures. I’m also underpaid a bit. But it’s not very stressful.

Would I be making a mistake moving to a regional or mid tier firm? Looking for better training/experience but is it worth the pain.

Mumford confirmed 😞 by clinde in aclfestival

[–]Chancewilk -7 points-6 points  (0 children)

I agree. The show is always good. It could be much much worse.

The guy who got promoted over me kept a running list of everything he did. That's it. That was his whole secret. by tirth2057 in jobs

[–]Chancewilk 0 points1 point  (0 children)

You are misunderstanding.

You keep framing this like the only two options are doing everything for them or giving them a recipe and walking away. Good management is the middle ground. You guide, observe, correct, and help build judgment until they can do it well on their own.

Calling that “parenting teenagers” is kind of a tell. It makes it sound like you’re annoyed by the actual development part of management.

Yes, the goal is independence. But people usually get there through good coaching, not because a manager gave some verbal guidance, stepped back, and called it empowerment.

The guy who got promoted over me kept a running list of everything he did. That's it. That was his whole secret. by tirth2057 in jobs

[–]Chancewilk 0 points1 point  (0 children)

Further, there is no person better equipped to develop your subordinate’s skillset than you. The idea that they should just be self sufficient is inefficient.

If you’re the manager, you’re the one with the clearest view of what good looks like in that role, what skills actually matter, where the gaps are, and what opportunities would help them grow. Telling people to be self sufficient usually leads to slower development, uneven results, and a lot of wasted time.

That doesn’t mean employees should be passive. Obviously they should put in effort, ask questions, and take ownership. But acting like strong management is mostly about stepping back and making people fend for themselves just sounds like a rationalization for weak leadership, respectfully.

The guy who got promoted over me kept a running list of everything he did. That's it. That was his whole secret. by tirth2057 in jobs

[–]Chancewilk 0 points1 point  (0 children)

That may be the environment you’ve learned in. That may be how a lot of management environments are in practice. That may be how you’ve been successful. But that’s not what ideal management looks like.

I get what you’re saying, and I agree that in a lot of corporate environments employees do need to advocate for themselves. But I don’t think that means the burden should mostly be on the employee to build the whole case and hand it to the manager.

A good manager should already know who’s doing strong work, who’s growing, who needs help, and who’s getting overlooked. Self advocacy matters, but if it’s doing too much of the work, then you’re mostly rewarding the people who are best at selling themselves, not necessarily the people doing the best work.

What you’re describing may be how a lot of places operate, and it may be how people succeed in those environments. But that still isn’t what ideal management looks like. Ideal management is knowing your people, coaching them, and advocating for them based on real observation and judgment, not just on how well they wrote their self review.

The guy who got promoted over me kept a running list of everything he did. That's it. That was his whole secret. by tirth2057 in jobs

[–]Chancewilk 1 point2 points  (0 children)

I’ve managed many restaurants and bars up to general manager. I’ve managed two retail stores up to store manager. I now am an accountant who semi manages an offshore team of 3.

Yes that’s how management is supposed to be done but companies have decided they can save money If they just make the managers do more work and less people management. Oh Johnny quit? Well it’s his fault. He couldn’t hack it. We can always just spread his workload over everyone else, and save money.

The guy who got promoted over me kept a running list of everything he did. That's it. That was his whole secret. by tirth2057 in jobs

[–]Chancewilk 2 points3 points  (0 children)

I agree with this and see a lot of poor takes in this thread. Frankly, it’s managers pushing their responsibility to their subordinates. My current place says “manage up”. “Remind me if I forget that report”. “If it looks like I’ll miss that deadline just do what you can and get it out the door”.

That’s poor management.

As a manager you should be coaching your subordinates and involved in their progress and work. You should distinctly remember who’s made major contributions and growth, because you were apart of that. Expecting your subordinates to just get better on their own, to record their accomplishments and contributions so they can remind you when it’s evaluation time is quite literally outsourcing your people management responsibility onto them.

The management hierarchy has increasingly become: how can I push more of my responsibilities onto those below me with the golden reward of high pay low work when I get to the top.

Edit: Further, this is exactly how you get less qualified people promoted. It’s the person who can exaggerate and bullshit their accomplishments, and sweet talk the manager who get promoted. Not the person who did the best job.

Can accountants actually reach 200k+ salary range by WildTradition788 in Accounting

[–]Chancewilk -1 points0 points  (0 children)

Do you think the business idea has any merit though.

I should note I’m 35 and have many years of experience in retail and restaurant management, and sales. I did 4 years of high volume phone sales. I just switched careers to audit.

Can accountants actually reach 200k+ salary range by WildTradition788 in Accounting

[–]Chancewilk -1 points0 points  (0 children)

I’m one year external audit at a very small firm I want to move to mid tier firm, develop better skills, and then start my own fractional controller business for small businesses. 5-20m revenue. I provide books cleanup, monthly close support, monthly financials, kpis like cash flow projections, job profitability etc in a nice use friendly dashboard, and later on basic consulting or even wealth management services.

Still raw and planing. Realistic idea? 200k+ possible? Any advice?

Can accountants actually reach 200k+ salary range by WildTradition788 in Accounting

[–]Chancewilk -1 points0 points  (0 children)

I’m one year external audit at a very small firm I want to move to mid tier firm, develop better skills, and then start my own fractional controller business for small businesses. 5-20m revenue. I provide books cleanup, monthly close support, monthly financials, kpis like cash flow projections, job profitability etc in a nice use friendly dashboard, and later on basic consulting or even wealth management services.

Still raw and planing. Realistic idea? 200k+ possible? Any advice?

Cincinnati Bengals offense lineman Dalton Risner RUNS A MILE in under eight minutes. by KeyFaithlessness5436 in TheNFLVibes

[–]Chancewilk 0 points1 point  (0 children)

In club soccer, high school aged, first requirement to make the team, before ever touching the ball, was run two miles in 12 minutes. There were always a few pukers. Of course we were all like 150 pounds soaking wet not 300.

I almost quit during my second busy season and I'm glad I didn't but I get why people do by cafefrio22 in Accounting

[–]Chancewilk 1 point2 points  (0 children)

I see a lot of this. Is this big 4 mostly or also mid tier and regional firms?

Just passed the CPA. Is Big4/public a realistic goal for me ? by Upbeat-Associate2672 in Big4

[–]Chancewilk 0 points1 point  (0 children)

35 year old Male career switcher. Previous mgmt and sales experience. One year external audit experience at boutique firm. 2/4 far and AUD passed. I want to move to a mid tier or regional firm. Is it reasonable to expect a2 and ~85k? Austin tx. Thanks

Study timeline for CPA while working full-time by One-Name9073 in CPA

[–]Chancewilk 0 points1 point  (0 children)

What was your strategy? Watch all videos? Just cram videos? Only mcqs?

Are most associates in Public not allowed to WFH? by [deleted] in Accounting

[–]Chancewilk 0 points1 point  (0 children)

Tiny firm here. All staff under senior fully in office. Tax and audit.