[quote]usmccds423 wrote:
Took AUD yesterday and thought it went really well. I’m taking REG 11/30, any advice?[/quote]
Know the IFRS stuff well.
[quote]therajraj wrote:
[quote]usmccds423 wrote:
Took AUD yesterday and thought it went really well. I’m taking REG 11/30, any advice?[/quote]
Know the IFRS stuff well.[/quote]
Really? I thought the FASB was cooling it on IFRS convergence, is that not the case? I don’t think I had an IFRS question on AUD.
[quote]usmccds423 wrote:
[quote]therajraj wrote:
[quote]usmccds423 wrote:
Took AUD yesterday and thought it went really well. I’m taking REG 11/30, any advice?[/quote]
Know the IFRS stuff well.[/quote]
Really? I thought the FASB was cooling it on IFRS convergence, is that not the case? I don’t think I had an IFRS question on AUD.[/quote]
When I wrote FAR and REG in 2011, they were well covered on the exam. I’m not sure what’s happened to the exams in 2012 though.
[quote]therajraj wrote:
[quote]Teledin wrote:
CPA is slaughter amongst full time work and other commitments. I should do well though and fortunately I’m about a week ahead of the workload.
Exam in 22 days. Locked, cocked and ready to unload.[/quote]
I technically have this designation. My Canadian CMA is recognized as an Australian CPA. In fact a guy in my program moved to Australia after he completed the program since most of his relatives live there.
I wonder how the structure of the programs differ of here vs Australia[/quote]
Outside of what we name each unit, not a lot I suppose.
To give you an example, the current unit I am taking is ‘Strategic Management Accounting’ and has covered budgeting, strategy planning, project management, activity-based costing and creating value. Not sure which unit this relates to on your end.
We have to take 4 core units, plus an additional two elective units. To obtain CPA designation we also need three years industry experience with a mentor who is also a CPA.
Edit: Only assessment in each unit is the exam at the end of the semester.
When is it time for the young accountants like me to move on from their current role and expand their experience with another organisation? Or rather, when is it too soon to leave?
I’ve been in my current role for 16 months now. I really want to get some experience in the public sector, for an organisation that specialises in business solutions. Long term I would like to be able to work from home with a portfolio of a few key clients to make a solid living and hopefully build my own little empire.
I was going to give it a solid 2 years, but I’m really not sure. I am thinking of looking for a new position after Christmas.
Any advice fellas?
You should start looking for a new job in public 2 months ago. Go to events and network. Google recruiters on linkedin and then call their offices for their contact info. Market yourself. Be that ugly whore who gives the best blowjob.
Decent blog about taxes. They are lawyers not CPA’s so I’m not surprised by the left leaning of some posts, because, well lawyers have no morals.
I live in Maryland. The State booze tax is 9%. How do I determine if it’s worthwhile to run the border into DC, VA, WVA or Delaware to buy my booze there. I buy about 300 bucks worth of booze a month.
When I say ‘how do I determine’ I mean that you eggheads need to figure this out for me.
Thanks !
Question to all you Accountants out there.
So I am about to graduate in May 2013 and I’m not sure if I will be able to get hired by any CPA firm because of my low GPA (3.1) also I am in Orange County were there is a crap load of CPA firms near me. Would it still be wise to go for the CPA if I’m not employed at a accounting firm when I graduate?
Maybe instead go for my MBA? of course thats assuming I am able to find a job when i graduate.
[quote]sen say wrote:
I live in Maryland. The State booze tax is 9%. How do I determine if it’s worthwhile to run the border into DC, VA, WVA or Delaware to buy my booze there. I buy about 300 bucks worth of booze a month.
When I say ‘how do I determine’ I mean that you eggheads need to figure this out for me.
Thanks ![/quote]
You’re missing a few variables, for example, how much gas will you use per trip? 9% of $300 is only $27 bucks. If gas is $4 than 6.75 gallons = $27. If you get 20 mpg than you can go 135 miles and break even.
Also what is the state sales tax in MD vs DC/VA etc… do you make out there? How about intangibles, how much is your time worth to you? What if you get just 1 speeding or red light ticket, throws you way off?
My opinion. Unless you are in DC/VA all the time (like once a week) or live very close, it’s not worth it.
[quote]usmccds423 wrote:
You’re missing a few variables, for example, how much gas will you use per trip? 9% of $300 is only $27 bucks. If gas is $4 than 6.75 gallons = $27. If you get 20 mpg than you can go 135 miles and break even.
Also what is the state sales tax in MD vs DC/VA etc… do you make out there? How about intangibles, how much is your time worth to you? What if you get just 1 speeding or red light ticket, throws you way off?
My opinion. Unless you are in DC/VA all the time (like once a week) or live very close, it’s not worth it. [/quote]
I’m about 12 miles from DC…same with VA…I’m typically in DC at least once a month anyway…
As far as sales tax I figured you brainiacs would have that memorized…come on now…help a drunk out !
[quote]optheta wrote:
Question to all you Accountants out there.
So I am about to graduate in May 2013 and I’m not sure if I will be able to get hired by any CPA firm because of my low GPA (3.1) also I am in Orange County were there is a crap load of CPA firms near me. Would it still be wise to go for the CPA if I’m not employed at a accounting firm when I graduate?
Maybe instead go for my MBA? of course thats assuming I am able to find a job when i graduate.[/quote]
3.1 isn’t awful, but the big firms might pass on you.
Getting a job shoudl be mission one, starting your career.
Getting your letters should be mission 1.a, as in you start towards it employed or not.
MBA programs are going to have more value to you if you are working while taking the classes. MST isn’t a bad route either if you are up for tax heavy studies.
[quote]sen say wrote:
[quote]usmccds423 wrote:
You’re missing a few variables, for example, how much gas will you use per trip? 9% of $300 is only $27 bucks. If gas is $4 than 6.75 gallons = $27. If you get 20 mpg than you can go 135 miles and break even.
Also what is the state sales tax in MD vs DC/VA etc… do you make out there? How about intangibles, how much is your time worth to you? What if you get just 1 speeding or red light ticket, throws you way off?
My opinion. Unless you are in DC/VA all the time (like once a week) or live very close, it’s not worth it. [/quote]
I’m about 12 miles from DC…same with VA…I’m typically in DC at least once a month anyway…
As far as sales tax I figured you brainiacs would have that memorized…come on now…help a drunk out !
[/quote]
Nope, I try to avoid tax if I can…no thank you!
[quote]sen say wrote:
I live in Maryland. The State booze tax is 9%. How do I determine if it’s worthwhile to run the border into DC, VA, WVA or Delaware to buy my booze there. I buy about 300 bucks worth of booze a month.
When I say ‘how do I determine’ I mean that you eggheads need to figure this out for me.
Thanks ![/quote]
I always love getting Q’s like these. lol!
[quote]Teledin wrote:
[quote]sen say wrote:
I live in Maryland. The State booze tax is 9%. How do I determine if it’s worthwhile to run the border into DC, VA, WVA or Delaware to buy my booze there. I buy about 300 bucks worth of booze a month.
When I say ‘how do I determine’ I mean that you eggheads need to figure this out for me.
Thanks ![/quote]
I always love getting Q’s like these. lol![/quote]
Don’t forget to factor in the ‘stickin’ it to The Man’ factor, Mate.
Pretty sure I just finished all CPA exams having completed the 4th section last Monday. Just waiting on the score to make it official.
After 2-3 months of networking, going to events, getting business cards, etc, I am going into my third and final interview at a mid-tier firm next week. I just found out that the position is just as an intern and not for full-hire. The way it happened was because I e-mailed the recruiter inquiring about a position and he just asked me to come in to meet him without specifying the actual position he was interviewing me for. It was my fault for just assuming, but on the official app I submitted after the first interview, I specifically put the position that was NOT intern. I’m super pissed but this is all I got going for me at the moment.
Also got referrals to all of the big 4’s and a bunch of other firms and haven’t gotten call backs. A few even rejected me the next day. I think I am a great catch for any firm but I guess I’m off-base and am a complete dick.
Anyway, I know big 4’s end up keeping a big percentage of their interns but anyone have any insight on a smaller mid-tier firm? Maybe they do things differently?
[quote]RRibber wrote:
Pretty sure I just finished all CPA exams having completed the 4th section last Monday. Just waiting on the score to make it official.
After 2-3 months of networking, going to events, getting business cards, etc, I am going into my third and final interview at a mid-tier firm next week. I just found out that the position is just as an intern and not for full-hire. The way it happened was because I e-mailed the recruiter inquiring about a position and he just asked me to come in to meet him without specifying the actual position he was interviewing me for. It was my fault for just assuming, but on the official app I submitted after the first interview, I specifically put the position that was NOT intern. I’m super pissed but this is all I got going for me at the moment.
Also got referrals to all of the big 4’s and a bunch of other firms and haven’t gotten call backs. A few even rejected me the next day. I think I am a great catch for any firm but I guess I’m off-base and am a complete dick.
Anyway, I know big 4’s end up keeping a big percentage of their interns but anyone have any insight on a smaller mid-tier firm? Maybe they do things differently?[/quote]
All the best with it! Even though its not a full hire position I would assume that if you got the internship, as long as you don’t end up being a flop, the mid tier firm should take you on full hire.
Internships are fundamentally an opportunity to scout a prospect in their environment without a number of obligations with a full hire contract. At least this is how it works in Australia.
Anyway, any foot in the door is always better than being left standing out in the cold.
Gone fishing and might have found myself a new position locally with albeit a much smaller but growing organisation. Have a very credible relative who works in accounts payable there so I’m very hopeful on a face to face, and the company is desperate for some new blood from what I hear.
Realised a couple months back my current department is too much a bottleneck for me to move up, with the big issue being the people who are standing in my way for a senior position. The current senior guys don’t aspire to move up and unfortunately the younger guys prospecting for a bigger role have had a good 3 years head start on me in that company so in essence I’m still the new guy despite being there nearly 2 years.
New position should see me gain a good 20% to 30% on my lowly remuneration package, a barrage of key opportunities with a bit more independence as well as almost guaranteeing me a senior role in the next 12 months as I’d be the key guy under the finance manager once their current accountant retires in the next year or two.
What’s the minimum GPA to get into the Big 4 over there in the U.S?
I ask because it really doesn’t matter over here lol.
[quote]Gettnitdone wrote:
What’s the minimum GPA to get into the Big 4 over there in the U.S?
I ask because it really doesn’t matter over here lol.[/quote]
3.4 min, any lower they usually will skim over you. OFC there are exceptions but generally 3.4 is cutoff