Everything you wanted to know or should know about accounting

<p>I guess the other thing that i’m not sure about now is some people say mid-30’s yr old career changer with a bachelor degree in accounting has no chance in getting entry level accounting job. I’ll be around 36-37 yrs old when I get my MSA. I wonder how that will really affect me in getting accounting jobs…</p>

<p>I’ll have my associates degree in accounting before then though. maybe some bookkeeping or payroll work experience also, if employers count that as relevant experience.</p>

<p>Right now, I’m looking at either the BSBA program at Georgia Tech with a concentration in accounting, or the undergrad accounting program at SMU, and I just have a few questions for anybody that is familiar with both schools/cities. </p>

<p>How do the reputations of each program compare?
How well does a degree from SMU travel throughout Texas?
Which would you consider the overall better program, and why?</p>

<p>Hi all,</p>

<p>I have learned so much by reading through these forums over the years but I have never posted anything so here goes.</p>

<p>I accepted an offer to work as tax intern with KPMG in their New York office for Summer 2012 and they have asked me which Industry group I would prefer to be placed with. They presented me with the following choices:
– Financial Services- Real Estate</p>

<p>� Financial Services- Global Banking</p>

<p>� Financial Services- Asset Management</p>

<p>� Financial Services-Insurance</p>

<p>� Consumer Markets and Industrial Products</p>

<p>� Accounting Methods and Credits Services</p>

<p>� State and Local Tax</p>

<p>I have been leaning towards Financial Services- Real Estate, but thats only because I have taken some courses about real estate law and know a bit about REITs. Otherwise I am a bit in the dark.</p>

<p>I would love to get some advice about which industry group would add the most to my professional development and skill set. As well as which group has the most potential for growth: in general and for an individual wanting to move up within a firm.</p>

<p>Thanks so much for your input.</p>

<p>junshik, </p>

<p>but nowadays, both those types of students have high GPA’s. </p>

<p>doraem0n, </p>

<p>you definitely don’t have no chance. plenty of people in my year are in their late twenties and have great jobs lined up. someone in their late 40’s from my school got a big4 entry level job last year. </p>

<p>I think the older you get, the more closely they scrutinize to see if you have the energy and will “fit” with their culture/people (AKA young people). But they look for that in all of their candidates, young and older. and hey, 30’s is still young in my view. If you seem like you’ll be a great fit with their people and will succeed then they’ll hire you.</p>

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</p>

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</p>

<p>The 2nd statement is the key. I’ve interviewed quite a few “older” students (30+) and you have to more closely scrutinize their personal lives. </p>

<p>I have WORKED with one older associate, who was 36. He was gone in 8 months. He tried to fit in and keep up, but it was simply a horrible match. When you are working under someone who is 12+ years younger than you and your co-workers are also 12+ years younger, it would be naive to say it doesn’t have an effect.</p>

<p>Studying accounting shall also help alot with personal financing decisions.</p>

<p>jnsimoni…maybe for someone who is a very good accountant, but your average accounting student is not going to be learning much about personal finance.</p>

<p>I disagree with goose here. First off, understanding the tax implications of financial decisions is a huge first step in having sound personal finances. Secondly, a CPA will be able to examine financial statements and make sound investments. </p>

<p>A personal budget can be put together by anyone who knows the basics of excel and statistics, but an accountant will have a leg up because they will better understand more complicated issues like tax consequences and investment decisions.</p>

<p>-- Financial Services- Real Estate
SAME</p>

<p>� Financial Services- Global Banking
SAME</p>

<p>� Financial Services- Asset Management
SAME</p>

<p>� Financial Services-Insurance
SAME</p>

<p>� Consumer Markets and Industrial Products
SAME</p>

<p>� Accounting Methods and Credits Services
DIFFERENT</p>

<p>� State and Local Tax
DIFFERENT</p>

<p>The only two groups that will make any difference in your work LATER is the last two. It’s busy season, so I’m not going to explain right now. Do some research and come back with more detailed questions. </p>

<p>Now what is going to make a difference NOW? None of them. You’re a SUMMER INTERN. I’m not going to give you a single thing to do that has something meaningful to do with your industry alignment. Why? I have my own full time staff. They’re better than you, because they’ve been here a while. Why, as a senior, do I want to make my already stressful life worse by teaching complicated work to an intern? I don’t. Now go organize my PBCs.</p>

<p>Hi! This is my first time posting. My d is meeting her counselor today and planning on signing up for an accounting class for semester 2 of her junior year. She thinks she would like business/accounting in college, and this is a way for her to find out if she does likes it. Earlier in this thread, someone stated that they didn’t think one should take accounting in high school. My d is taking honors and AP classes in other subjects. I’m hoping that I could get some responses to this before she meets her counselor. Does anyone have any thoughts about taking accounting in high school?</p>

<p>Unless she is taking it through a college or university it is probably a waste of time. The class will probably consist of bookkeeping and other elementary concepts.</p>

<p>^ We were told the same thing when talking to the counselor of a college admission office (not the HS counselor) when DD was in HS a few years ago. DD was advised to take college prep classes in the core subject areas (English/Math/Science/Social/FL) instead of the accounting class in her HS to be competitive even she was almost certain to major in acct in college, since many of the HS accounting classes geared towards job preparation right after HS. She was told that if she really wanted to explore the accounting class, she should take it in the local community college.</p>

<p>She is taking junior year: Am Lit A/AP Lang & Comp, CAT A, Am Hist A, AP Government, Spanish 7-8, Physics, and then the accounting class. I think with her other classes, she can take the accounting. Now, of course, I’m wondering if we should change it…</p>

<p>The catalog says that the accounting class “is a must for students who are contemplating a college degree in accounting or investments.” </p>

<p>The business department in the school is really good. </p>

<p>Thoughts?</p>

<p>I would ask specifically what topics are covered and how much time is spent on each subject area. I don’t really understand how investments relate to an introductory accounting class though. I don’t see how they could cover all of that in one class. </p>

<p>To be fair I took two business classes in high school. I viewed the whole department as a joke. Everything was far to watered down.</p>

<p>jessmom3, what is CAT A? Is your daughter taking a Math class? </p>

<p>DD was taking Orchestra (it’s under UC a-g subject area) all 4 years, so she didn’t have an extra period to take accounting unless she traded with a core subject. We’re in Calif. UC/CSU campus views Orchestra as college prep class, but not accounting. Some private college in CA also use UC a-g subject list as guideline to access the applicants’ academic strength. </p>

<p>In your daughter’s case, it might be fine if she really interested in taking that accounting class as long as she has 4 years of English/Math. But if she has to give up a English/Math/Science/Social/FL in order to take accounting, I wouldn’t suggest it. it’s my feeling, after talking to quite a few college’s counselor/staff, the admission offices view an accounting class less rigorous than other core subject class.</p>

<p>Regarding what the catalog says about the HS accounting class - DD didn’t take any accounting/business class during HS. She is an accounting major and doing pretty good so far in all her business courses (accounting/econ/mgmt).</p>

<p>a_mom, CAT A is college algebra/trigonometry honors. She will have taken 4 years of english, history, math, science, and language. It is listed in the fine and applied art section of the catalog. I believe that colleges will not look unfavorably at an elective as long as she is challenging herself in other courses. </p>

<p>The idea was for her to see if she likes accounting. Perhaps as you said earlier, she could take it at the community college. </p>

<p>@tdccarpenter, the title of the class is accounting and investments. areas listed are: accounting cycle, system design, cash control, inventory methods, receivables, and depreciation methods. Also in investments: planning, implementing, and managing a investment program. Students will invest in the stock market. also includes guest speakers -professionals from the community.</p>

<p>Hi, quick question.</p>

<p>I plan to study MS Taxation at GGU. However, they are only regionally accredited and not AACSB accredited, is it still worth the money?</p>

<p>TaxGuy, do you audit is better than Tax? I was thinking of having a Masters in Taxation because i feel Tax is more broad. Is there any advice you can give</p>

<p>i think tax is more narrow. audit is more “broad.” </p>

<p>no one can tell you which one is “better.” its all about which one you like better, think you’ll be better at, and think you’ll enjoy more when you are out in the workforce.</p>

<p>FutureIRSAgent, I just posted in you other thread about that.</p>