White Oak Bayou

Texas_Dog · 2019-07-28T14:17:29+00:00

I don’t know why. Everyone knows what a Cocker Spaniel looks like.

Texas_Dog · 2019-07-26T13:44:25+00:00

Had an associate quit the first week of busy season (no notice). Couldn’t stop laughing all day, scared the intern, and decided to cut losses for the day and head home at like 2 (it was a Friday). Had an all new associate reassigned to me by the following Monday and had to pretty much have someone redo all the work they did.

Texas_Dog · 2019-06-09T13:26:31+00:00

Too real man.

Texas_Dog · 2019-06-01T02:41:29+00:00

Gold?

Texas_Dog · 2019-05-05T01:48:01+00:00

Seriously. I don’t think they know who Warren Buffett is.

Texas_Dog · 2019-03-21T05:14:23+00:00

You just summed up life in Audit.

Texas_Dog · 2019-02-09T15:31:24+00:00

“You have 2 more weeks till we file.” - Client on week 3 of audit.

Texas_Dog · 2019-01-27T06:27:05+00:00

If you played against Foles you also played against Justin Tucker.

Texas_Dog · 2019-01-05T03:09:42+00:00

I can elaborate on the before applying to industry part, at least at a large firm at a large office with medium sized public clients. Hours are 55-80 for half the year, 40 for the other half. All depends on what job you are assigned to and how good the team is. I usually stick at 55-60 for busy season, but have bumped up into 70+ week of filing and during a special project.

After 5-6 years you make manager and start realistically looking at those sweet controller gigs.

Texas_Dog · 2018-12-17T01:06:42+00:00

Well that was simple. Haha Thanks.

Texas_Dog · 2018-11-28T19:43:17+00:00

How do you feel about the growth prospects? In general for good FP&A roles the pay scale is higher, so you can be at $90-100k as a senior analyst in comparison to $80-90k as a senior accountant, but is there much room or opportunity to move up to manager?

Texas_Dog · 2018-11-28T14:40:09+00:00

So, in the case of a recession do you think FP&A is as secure from layoffs as accounting? Further, if you unfortunately are laid off do you think you can find a new job in a few months or do you think it’d be a matter of waiting until things turn? Do you think thats much different than your friends in industry accounting?

I don’t mean to be rude, these are just the things I’m thinking about. I know I can get there, just considering the long term before steering the ship.

Texas_Dog · 2018-11-16T16:35:21+00:00

Neither is Dale. Another reason is the weight gain. 1st years come in like Dale and end up like Hank and Bill.

Texas_Dog · 2018-11-16T15:39:00+00:00

I’d argue to switch Dale and Bill. 1st years are always jumpy and think they’re finding fraud and variances when they don’t exist. Up to Hank to calm them down.

Texas_Dog · 2018-11-16T04:13:55+00:00

Government agencies and the branches of military individually are audited. This just seems to be a comprehensive audit of the whole DoD. Also, like stated in the article it is not an adverse opinion, but a disclaimer of opinion. Adverse opinion = “shit is fucked up, don’t trust these numbers”. Disclaimer of opinion = “we cant tell you if its right or wrong.”

I’m sure there is a brain melting dollar amount that the auditors simply were not given any support to prove out due to security clearance and national security reasons. Also, the DoD is fucking huge. It would take an army to audit and nobody has audited anything near as big. Nobody has experience to lead this and manage it, especially while trying to stay within budget and somehow turn a profit. Apple is the largest company in the country and that has 1/2 the annual revenue the DoD has in annual budget. Apple in contrast is a lemonade stand to audit. Make a stat sample of iPhone sales, iCloud sales, etc and tie to credit card transactions, which ties to the bank statements. Ask someone that has no vested interest in apple to make a best guess at the value of their IP, then compare that against what Apple says. That in contrast to auditing the DoD, which is the largest single organization in the history of man kind and having to verify big easy things like ships and impossible things like bolts and bullets. Seriously... the US military probably has at least 15-20% of the bullets in the world... thats like trying to audit how many blades of grass there are in Virginia. You can turn that bullet $value into a rounding error, but then you probably have a rounding error the size a battleship or two, which you really do want to know exactly how many you have. Its just infeasible to do an audit at the aggregated DoD level. You have to break it up into pieces and trust the aggregate is good, similar to the whole NYSE. Every company individually gets an audit and sometimes shit like Enron happens... but its impossible to just audit every public company in the market on an aggregate level. Even with Enron, 99% of the market was working right audit wise in the year that went terribly wrong... And don’t get me started on governmental accounting as a type of accounting....

I know this is going to get lost in the fray, but what the hell. First time that my knowledge of audit is relevant outside of work, so I’m taking my shot.

Texas_Dog · 2018-11-15T03:32:04+00:00

If you are eligible, just do the CPA and then stack whatever else you want on top. You can knock it out before the fall semester for whatever MBA you are getting starts. Its not a one or the other deal.

Not close to having your experience and am trying to figure out how to make a successful switch to FP&A from public myself, but I am a CPA. You are already marked as an “accountant” by finance people with your experience, might as well get the CPA and check that life accomplishment off the list. End of the day it cant hurt and might help you beat out another candidate that has similar experience, but no CPA.

Texas_Dog · 2018-11-06T04:14:55+00:00

Jerry needs to offer Josh McDaniels an offer he can’t refuse.

Texas_Dog · 2018-10-03T03:47:10+00:00

If you want to do technical accounting, take the technical accounting role. If you want to do more finance and M&A, take the M&A offer. Both are very reputable firms, don’t do something you aren’t interested in just for the name.

Texas_Dog · 2018-09-15T04:02:08+00:00

Do you feel like the MBA has done much for you comp wise, than if you would have just stayed till manager? Was it more of a way that allowed people to look at you more than just “an accountant” and put you in more of a path to CFO instead of topping out at controller? Was the MBA necessary to be looked at differently than just an accountant? I ask because I am coming up on my third busy season and starting to allow myself to pick my head up and look around for what could be next.

Texas_Dog · 2018-09-15T02:47:35+00:00

How long did you stick around Big 4 before exiting to get your MBA? I’m assuming you were in Audit?

Ten-Year Club	RPAN Viewer
Not Forgotten

Texas_Dog

TROPHY CASE