Everything you wanted to know or should know about accounting

<p>I am directing my experiences remark toward old people. The big 4 don’t give a crap about the fact you have held a retail manager job or worked for 10 years in construction.a Those facts are far less meaningful than your age. Now if you are young and have had those jobs you mentioned at the non-profit and the internal audit department they will be a plus on your resume. That being said they won’t matter any more than any other internship or job. The big 4 don’t care that much about experience for entry level. They want moldability, personality, GPA, school name and some leadership skills. Your school leadership experiences and your grades will matter more. Your personality will matter a ton since people hire people they would like to work with for 60 hours a week. </p>

<p>Now if you had done an internship with a big 4 or another large public accounting firm that would matter a lot. They like to hire out from underneath the other big 4. Also it would show you actually know what public accounting offices are like. They are very different than government agencies and non profits. </p>

<p>Dawgie I know you are out there give us the Deloitte perspective!</p>

<p>Thanks for the info in this thread! As a parent of an accounting major this helped me understand what is going on in the life of my D. She is finishing her jr year today with the dreaded tax final as her exit. She was encouraged to apply for early acceptance in a MSAc program and she just found out she was accepted. So…she recently attended a banquet where she was the recipient of an award and several reps from the Big 4 and large local firms came up to talk with her and passed their contact info to her. They said to give them a call if she had any questions during her senior year. She was also offered and accepted a summer opportunity to spend a few days at a firm seeing what they do and then attend dinner with them. She understands she needs to network but isn’t sure what she should say to those who passed her their business cards/email. She asked H and I how to approach this situation. Any advice?</p>

<p>^ Just send an email to say something general like, glad to have the opportunity to meet you, I enjoyed talking to you , I had a great time at the event, I’m very interested to attend future events again from your firm, hope to see you again, … whatever apply to her situation. If there was an in-depth conversation, say things like thank you for telling me your experience/info in ____, I enjoyed our conversation, etc. Just help the recruiters to remember her. </p>

<p>In DD’s experience, most will response back with a “nice to meet you too” email. If the recruiter/associate happens to be alumnus, there could be another round of email back and forth about which classes/professors to take etc.</p>

<p>Let your kids figure out on their own what to say to people they meet. That is how you grow up. FYI If figuring out what to say to someone in an email is something your adult child needs help with what happens 3 years from now when their senior supervisor grills their behind with new client documents at 7pm. And the project is due for review tomorrow at 7am? :wink: And some students wonder why public accounting has such as high turnover. Take a 23 year old used to being supported emotionally and financially by their parents then stick them in a 70 hours a week cubicle job. Then tell them that they have to pass their CPA within 2 years otherwise you will fire them.</p>

<p>^That is why many people commit suicide :)</p>

<p>Hi, I don’t know whether I want to major in finance or accounting, so I want to know if I major in finance can I get a career as an accountant and vice versa?</p>

<p>Also, does anyone know the average salary the Big Four companies would offer to an entry accountant from Baruch college?</p>

<p>ValleyAccountant…emotional support is something that never ends if you are a parent! :slight_smile: I predict ( and hope! ;)) that the financial support will end at age 21 when she graduates, just like her sibling. At least she has “skin in the game” with her job and scholarships. In our family we encourage research, networking and helping others. H is CEO of a large company and mentors several students through undergrad programs at the University. He always encourages those seeking employment to network and to ask for help to strategize with whomever they know to maximize opportunities in this market. Interesting that you have different views. So nice that there are different paths to success for different people.</p>

<p>I’m transferring this fall from a CC – when’s the best time to look for accounting internships?</p>

<p>Make senior, get your CPA, and get out and do something meaningful with your life. Public accounting is like the Chupacabra for young souls.</p>

<p>[url=&lt;a href=“http://howshouldweaccountforme.■■■■■■■■■■%5D#howshouldweaccountforme%5B/url”&gt;http://howshouldweaccountforme.■■■■■■■■■■]#howshouldweaccountforme[/url</a>]</p>

<p>I love working 70+ hours a week working on multiple client engagements. This type of workload was not that bad for me to adjust to out of undergraduate. I worked 30 hours a week as an undergraduate while taking 19+ units and balancing that with VP of BAP. I want to be partner some day and hopefully it will happen. As a 24 year old CPA senior I should be able to reach manager by 28 and hopefully senior manager by age 30. </p>

<p>I find this dependence on parents to be disturbing. My generation is the generation of entitlement, dependence and privilege. If a kid like this ended up in a practice group like mine they would have to choose between sleep and talking to parents. :wink: </p>

<p>That being said public accounting rules. I may be jumping to a national firm soon from my regional firm. I have an offer on the table for a job that pays 30% higher than what I get right now.</p>

<p>That page you attached is just for complainers moss. Be a Positive Pete not a Negative Nancy! All these idiots not meeting budgets just need to work faster or eat more hours.</p>

<p>[#howshouldweaccountforme</a> | When a partner overhears you complaining](<a href=“#howshouldweaccountforme — When a partner overhears you complaining”>#howshouldweaccountforme — When a partner overhears you complaining)</p>

<p>I also never complain period! My partners wouldn’t give you $ if you complained! Sounds like someone needs to jump to industry Moss! That is okay though. Most people can’t handle public.</p>

<p>I find it hilarious that a 24 year old new senior from a regional firm is giving me career advice. Big talk from someone who didn’t enter the big leagues straight out of school. Now go back to following SALY.</p>

<p>Thank you so much!</p>

<p>Regional, national it doesn’t matter that much. The ironic thing is I just jumped to a national firm last friday. I start on the 4rth so we will see how things go. They pay way better and from what I understand it may actually be easier than my current job. My buddies at KPMG spent their 1st year doing inventory counts at pharmacies and mailing A/R confirmations. I spent my first year doing far more complicated issues than that in both tax and attestation. I also didn’t have the big 4 training babying. I hate financial accounting so my new job is exclusively tax.</p>

<p>I love every day in public Moss! If you hate it then leave for industry! I bet you can get paid better and work less hours!</p>

<p>Dear experts in accounting,</p>

<p>I’m hoping you guys can help me with my current situation. I am currently planning to do my A.S. in accounting at Sacramento City College, and then transfer to Sacramento State University(one of the schools that are under SCC’s Transfer Admission Guarantee) to finish off my Degree in accounting. You’ve mentioned that it is important to study at a school that is AACSB accredited. How important is that in terms of landing an interview or even a job in the accounting field? Also, am I able to take the CPA exam if I don’t graduate from an AACSB accredited institute? As far as I know, Sacramento State is AACSB accredited in Business, but not in Accounting. Is that still acceptable? If not, is there any way around it? I understand that in order to take the CPA exam, I need: (please do correct me if I am wrong)</p>

<ul>
<li>A bachelor’s degree;</li>
<li>24 semester units in accounting-related subjects;</li>
<li>24 semester units in business-related subjects;</li>
<li>150 semester units (or 225 quarter units) of education;</li>
<li>Passing the Uniform CPA Exam; • One year of general accounting experience supervised by a CPA with an active license; and</li>
<li>Passing an ethics course.
(Source: CalCPA [CPA</a> Requirements](<a href=“http://www.calcpa.org/Content/licensure/requirements.aspx]CPA”>CPA Requirements))</li>
</ul>

<p>So if I have a bachelor in any business administrative related degree from a AACSB business accredited school, as long as I have 24 units in accounting related subjects, then graduating from Sacramento State under the AACSB business accreditation will consider me as “graduating from an AACSB school”? Please advice, any comments and suggestions are greatly appreciated. Thank you in advance.</p>

<p>Hey guys, I have a question, I’m currently a student at a NJ community college planning on getting a degree in accounting and other than TCNJ and Rutgers I don’t know what other schools to apply too. I’m looking to stay relatively close to Northern New Jersey (2-3 Hours away at the farthest). Any schools worth looking into? I’m open to both big or small schools most important thing to me is getting a job with a Big Four firm in NYC. Thank you.</p>

<p>acctnovice, Please read post number one in the thread, “Everything that you should know or wanted to know about accounting,” which is found in this forum! It will answer your question in more depth…</p>

<p>However, the basic answer is that having AACSB accreditation isn’t required for jobs, job interviews etc yet! It does become important if you apply to a graduate schools that is also a AACSB member since they like students who attended AACSB schools.</p>

<p>You will have to be 2014 compliant so the education requirements you mentioned are invalid for you. CSU Sacramento is a good enough school for accounting. Get a 3.5 GPA and become active in networking and you should be fine. Only a couple schools are AACSB Accounting. All that matters is AACSB accreditation of the business school. This matters not just in the job hunt but for graduate school if you ever plan on attending.</p>