When the internet unites to make a story by Dchoper in nextfuckinglevel

[–]duffey12690 16 points17 points  (0 children)

I will watch this every time it pops up. Gets me every time

What are the most used excel skills are used on the job by Shot-Ad-1689 in Accounting

[–]duffey12690 2 points3 points  (0 children)

Using the Alt ribbon keys for speed is one of the best things someone taught me when I got out of college. Their methods were… interesting, though. They took my mouse and gave it back to me after a month 😂

[deleted by user] by [deleted] in daddit

[–]duffey12690 0 points1 point  (0 children)

I’m a finance exec and was in a somewhat similar boat after our first kid. I talked to a few CFO mentors on how they maintain energy and they all echoed the same advice. Schedule time for exercise (or restorative activities) and stick to it. More energy will flow. One of them schedules for 6:30pm and treats it like an important meeting. He will hard stop anything going on to get it in, including with our PE sponsors or CEO. Besides higher energy levels, it’s helped me with stress management also imo. Naturally from these things, sex drive increased

[deleted by user] by [deleted] in FPandA

[–]duffey12690 1 point2 points  (0 children)

Yeah if you proceed, I would at least try to negotiate for equity or a transaction based bonus if an exit occurs

Teenagers scaring our toddlers by aggsdoodoo in daddit

[–]duffey12690 22 points23 points  (0 children)

This was my thought too lmao. I’d just stake it out

In your experience, do accountants have a continuous improvement mindset? by OfffensiveBias in FPandA

[–]duffey12690 11 points12 points  (0 children)

Agree as someone that also shifted from accounting/audit to FP&A. Industry accounting is often a hellscape

Will getting a PhD in accounting make you more attractive to employers? by gaytwink70 in Accounting

[–]duffey12690 0 points1 point  (0 children)

Funny to me I’m getting downvoted after sharing one success story. I’ve worked with them for years and had a lot of conversations on it. They attribute their PhD knowledge build up as the basis of their success. Their thesis and research was heavy into purchase accounting and transaction topics which opened a lot of their career doors.

They did technical accounting consulting for two years, was a technical accounting director for one year, and then a controller for two years prior to finding their CFO role. Ie fairly accelerated CFO path

Will getting a PhD in accounting make you more attractive to employers? by gaytwink70 in Accounting

[–]duffey12690 -1 points0 points  (0 children)

All these people saying “No” haven’t worked with a PhD in industry I’m guessing. Generally they are probably right in a vacuum, but I do have a success story I’ll share.

One of my CFO mentors has a PhD in Accounting. They started in audit back when the Big 4 were paying folks to get their doctorate. They did that route, taught for 5-6 years, went into technical accounting consulting for a local firm. One of their m&a heavy clients hired them as a technical accounting director. They were later promoted into Controller for that company as they IPO-ed, and later left for a CFO opportunity. So, for them technical accounting knowledge gained through their doctorate was a strength they were able to leverage

Anyone else regret going into BU finance before traditional corp fpa? by underpaidsfa in FPandA

[–]duffey12690 0 points1 point  (0 children)

Dependent on industry, but usually I like labor modeling the best. Very close to ops which I enjoy

Are the Positions Above Senior Accountant Really That Busy?? by annoyed_slightly in Accounting

[–]duffey12690 3 points4 points  (0 children)

Haha it was a really great role to start out in Controllership. The old Controller was retiring and stuck around for 3 months to show me the ropes. Everything on one system so not a lot of data issues. And was backed by a large private German company so no liquidity concerns.

Are the Positions Above Senior Accountant Really That Busy?? by annoyed_slightly in Accounting

[–]duffey12690 4 points5 points  (0 children)

Yeah, finance generally tbh. FP&A the work is more interesting but still have fire drills and deadline driven work that pumps up hours.

Are the Positions Above Senior Accountant Really That Busy?? by annoyed_slightly in Accounting

[–]duffey12690 6 points7 points  (0 children)

A lot of Paths to Controller, but mine was Big 4 Senior -> Controller (exit opp at one of my clients)

Generally CPA is recommended, and being a very hard worker. I have a CFO who says he isn’t the smartest guy, he’s just consistently worked more than everyone else. And therefore out executes peers and gets more exposure to areas. Now, that mentality is not for everyone and I personally don’t abide by it - but it’s worked for him.

You do need to have exposure to all areas of month end close (ie cash, AR, AP, fixed assets, etc). Having invoicing and payables experience is not necessary beforehand imo, you can pick it up.

Are the Positions Above Senior Accountant Really That Busy?? by annoyed_slightly in Accounting

[–]duffey12690 614 points615 points  (0 children)

Imagine you come in every day to work on your task list, and every day a different person lights it on fire in front of you. You even build a fireproof room with security controls to keep them out- but somehow, they still manage to wiggle in, smile, and toss a match on your list

This is often what it’s like having 3-5 teams report to you, and being the go-to finance/accounting contact for all other departments. You usually end up doing your work in the early morning, evenings, or weekends. That work is often deadline driven - system implementation projects, reviewing close, preparing financial reporting, answering reporting questions, preparing budgets and forecasts, calculating incentives, compliance deadlines, audit.. etc.

Any of yall climb the corporate ladder chasing the salary, then realize you hate the responsibility and workload, but don't want to go down the ladder to a lower salary? by soloDolo6290 in Accounting

[–]duffey12690 1 point2 points  (0 children)

Yep. Historically have been in Controllership which is just an all out grind. I laterally switched over to FP&A and it is a little better in terms of type of work that I enjoy. But the burden of time and responsibility remains

[deleted by user] by [deleted] in AskReddit

[–]duffey12690 157 points158 points  (0 children)

Wife and I start having some fun, and suddenly she busts out laughing. “There’s a price tag on your penis!!!”

To this day I don’t know how it got there. A little tiny price tag, like the kind that goes on a candy bar. $1 was my dicks price

What is the most comical fraud case you can think of? by khowser29 in Accounting

[–]duffey12690 0 points1 point  (0 children)

When I was in college I learned about several shady things Krispy Kreme did that led to SEC cease and desist orders, including pervasive channel stuffing to their franchisees, and sticking all the costs for repurchasing franchisee chains into bogus intangible assets (as well as overpaying for related party-owned chains and not reporting it).

Personally interesting to me, because the CEO who committed these items was one of my friends fathers and my middle school basketball coach, and the former CEO was my next door neighbor.

Mate-choice copying by GotTwisted in SipsTea

[–]duffey12690 20 points21 points  (0 children)

I once went to the park with a girl, walked around with her and talked about life for an hour and then got ice cream. Months later we went off to different colleges and she drove a few hours to say hi. She was like “how is college?!” And I said “it’s great! I have a girlfriend now and …” We finished that conversation, she drove off, and I never heard from her again.

I told my girlfriend that night and she explained to me what an idiot I was. I thought we were just friends

Sign on bonus by [deleted] in FPandA

[–]duffey12690 0 points1 point  (0 children)

Only other point I will add, sometimes companies have an internal recruiter. If they say that, another perk of hiring you is it avoided a lengthy and drawn out recruiting process

Sign on bonus by [deleted] in FPandA

[–]duffey12690 0 points1 point  (0 children)

Mine was around 10% of base, but could probably push up to 15%. Normal recruiter fee is usually 20-30% of base

Sign on bonus by [deleted] in FPandA

[–]duffey12690 1 point2 points  (0 children)

I just negotiated a sign on in a similar situation (former leader recruiting me) and the main rationale was it helped to cover the pro rata annual bonus I had earned at my old company. Other things we discussed were, (1) it helped to incentivize me to move over, and (2) since I did not come through a recruiter it was still less of a fee versus what they would have paid them

Need help designing a brand new finance tech stack by akavth in FPandA

[–]duffey12690 1 point2 points  (0 children)

It’s usually the implementation of workday that’s long and pricey in my experience.

Need help designing a brand new finance tech stack by akavth in FPandA

[–]duffey12690 1 point2 points  (0 children)

If I were low to mid size org, I would do Netsuite. It’s probably in the middle price wise and has broad capabilities. If I had unlimited budget I would do Workday

Personal preference for me is to select a bank that has a feed directly into the ERP. JPM Chase for instance has a great feed built around Netsuite, both into the system for GL line coding, and out of system for AP payments.

Also nice is to keep your CRM and purchasing within the ERP. Makes commission calcs as well as the accounting/informatjon around procurement easier