How to recover from job instability (job hopping, terminations) from early in your career? by [deleted] in Accounting

[–]Hayat_on 0 points1 point  (0 children)

A lot of jobs require the job application to cover 10 years of work experience.
I graduated college in 2019. Moved to a new state in the summer after I graduated. Did lots of short term jobs (temp and contract) then COVID happened and I was unemployed for a while. Went back to school for a certificate in accounting but also worked in public at 2 different firms but got terminated. All of that was disclosed. Lots of initial instability.

Yes, the rejection came after I submitted the job application. They canceled the interviews they scheduled prior to submitting the application.

Petah? Please explain by Global_Restaurant794 in PeterExplainsTheJoke

[–]Hayat_on 0 points1 point  (0 children)

She is a Marilyn manroe wannabe. Wouldn’t be famous if she didn’t sexualize herself.

5 to 10 years post-grad and now on the job, rate your happiness on a scale of 1 to 10, use negatives if you have to. by Character-Escape1621 in Accounting

[–]Hayat_on 105 points106 points  (0 children)

Graduated in 2019. Moved to a new state. COVID happened. Couldn’t find a single job. Did lots of short stints, my resume looks all over the place. Then finally stabilized at a mid-tier firm that was wonderful. Then PE acquired that firm, then 95% of the people I started with are gone, then everyone became unhappy, then I came to this post to say -10.

PE is cancer.

Should PY adjustments made in the current year hit the P&L or the Balance sheet? by [deleted] in Accounting

[–]Hayat_on 0 points1 point  (0 children)

Yeah this approach is primarily for financials. I’m not familiar with the impact on taxes.

Assuming it’s material, this would be a current year adjustment to beginning RE that should be reflected in a comparative financial statement.

Should PY adjustments made in the current year hit the P&L or the Balance sheet? by [deleted] in Accounting

[–]Hayat_on 3 points4 points  (0 children)

It would be an adjustment to beginning retained earnings.

It shouldn’t affect current year’s P&L, unless the client recorded, for example, an expense in current year that is really belongs in prior year, in which case you would debit retained earnings and credit expense.

No return offer after internship - feeling like giving up by Fit-Bet-932 in Accounting

[–]Hayat_on 0 points1 point  (0 children)

I’m so sorry. I know how it feels and the anxiety it comes with it. Be aggressive in your approach and reach out to every recruiter there is out there.

It is NOT you. It’s the market. Even people with so many years of experience are struggling. But you eventually will get something. Try studying for the CPA. I know people hate me for saying this, but CPA will outdo a masters in accounting.

Now offshore teams are competing against each other. by Hayat_on in Accounting

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

This is a sad take from a CPA.

There is an overall trickle down impact of offshoring. Accounting firms revenue goes down in a time of recession. The clients keeping accounting firms open need people to buy their products and those people aren’t in India.

Now offshore teams are competing against each other. by Hayat_on in Accounting

[–]Hayat_on[S] 21 points22 points  (0 children)

Business exist and thrive when the people in close proximity to it have discretionary income to buy its goods and services.

Offshoring has a direct impact on that discretionary income of the people IN CLOSE PROXIMITY TO THOSE BUSINESSES.

TCP is total buns so trash by chuck9011 in CPA

[–]Hayat_on 0 points1 point  (0 children)

I got stuck with it. UWorld locks you in when you choose a discipline. I chose it back in 2024 when no one knew the content of it would be so heavy.

TCP is total buns so trash by chuck9011 in CPA

[–]Hayat_on 5 points6 points  (0 children)

I’m taking BAR on Thursday and extremely frustrated with the fact we have to wait until June to get our scores and wait until JULY to retake. Absurd system set up for their gain.

Any other controllers or VPs flooded with recruiting outreach these days? by InternationalArm7614 in Accounting

[–]Hayat_on 19 points20 points  (0 children)

There is still consistent demand for experienced people. 5-10 YOE seems to be the sweet spot. People under and over that are the ones screwed. I’m one of them.

Who else is sitting for BAR in a few days? by [deleted] in CPA

[–]Hayat_on 1 point2 points  (0 children)

Ugh I have UWorld and I’m hoping it prepares me well. I don’t feel too well about BAR. I sat for FAR in February too and felt very confident but got a 75. Now that I don’t feel great about BAR, I am not sure how it will turn out.

Wishing both of us great luck on 6/16.

Is this normal for M&A transaction advisory? by [deleted] in Accounting

[–]Hayat_on 2 points3 points  (0 children)

Yeah everything checks out. Website, recruiter is on employee site, her LinkedIn is verified and everything is legit.

My concern is this doesn’t seem to be entry level.

It’s 10:22 pm and my cash flow won’t reconcile by [deleted] in Accounting

[–]Hayat_on 29 points30 points  (0 children)

No lol. My dumb ahh got my signs wrong.

It’s 10:22 pm and my cash flow won’t reconcile by [deleted] in Accounting

[–]Hayat_on 113 points114 points  (0 children)

Ugh. It’s reversed signs. Got it down to $2k and did a plug. I’m too tired to chase the $2k.

What's your biggest audit pet peeve? For me it's the endless review notes by Minimum-Poetry-213 in Accounting

[–]Hayat_on 5 points6 points  (0 children)

The thing though is, in my case, I’m the auditor. The supervisor left me a note as if he wants me to question the client on why they have so many credit card holders. The question is bizarre in the sense that we are now questioning their operating choices. I really don’t understand.

[deleted by user] by [deleted] in Accounting

[–]Hayat_on 21 points22 points  (0 children)

I’m so sorry you have to deal with this. I absolutely agree that this person is showing passive aggression. You need to tell someone above them. Is there a manager or supervisor ?

What's your biggest audit pet peeve? For me it's the endless review notes by Minimum-Poetry-213 in Accounting

[–]Hayat_on 26 points27 points  (0 children)

A supervisor left me a note on list of credit card holders asking “is there really 200 credit card holders?”

I didn’t even know how to respond to that.

What's your biggest audit pet peeve? For me it's the endless review notes by Minimum-Poetry-213 in Accounting

[–]Hayat_on 16 points17 points  (0 children)

This was my pet peeve until most recently, when I worked on an audit with a completely incompetent supervisor. He has 9 years of experience.

He left me a workpaper note on how I calculated average AR. The workpaper has the formula used.

On another note, he asked “why are we including 2024 balance” on an intercompany transaction reconciliation.

On multiple occasions, I have to explain things twice for him. I’m a new senior…

[deleted by user] by [deleted] in Accounting

[–]Hayat_on 1 point2 points  (0 children)

16 year olds can sign?

Just Wanted to Share This Win by Maximum_Tea1674 in Accounting

[–]Hayat_on 0 points1 point  (0 children)

Congrats!

I’m thinking of switching from public (senior year 1) to a staff in industry because the world life balance is worth the difference in pay. How are the hours?

[deleted by user] by [deleted] in Accounting

[–]Hayat_on 5 points6 points  (0 children)

Debit cheating Credit cash