[quote]countingbeans wrote:
I help people live their dreams everyday.[/quote]
This is the line that got the ball going, when you said it… Wow, I think it’s been a year or more already.
Actually got this forward from October Girl…
Chuck Norris Auditing Tips:
* Chuck Norris highlights in black
* There is a sharp rise in Workers Comp claims whenever Chuck Norris is at the client
* Chuck celebrates the end of each audit by burning the client's house down. Why? Cause its just what Chuck likes to do.
* Chuck Norris audits in the dark
* When a partner asked if the client had any other long-term liabilities...Norris simply held up his fists
* If Chuck gets tired during the day he takes a nap....on the CEOs desk
* Chuck Norris does not accrue for expenses...he accrues for pain
* Chuck Norris' posting threshold for pain....unlimited.
* Chuck Norris does not use a ruler when making "power tickmarks"....he naturally draws perfectly straight lines
* Chuck Norris has a hard drive...but it doesn't refer to what's in his computer.
* Chuck Norris has conducted three Weyerhaeuser site visits...strangely enough the towns of these sites no longer have any identifiable population or resources.
* Chuck Norris takes a 15 minute coffee break every 5 minutes
* How does Chuck Norris test fixed assets? Answer: with a bottle of super glue and an ambitious hand
* How does Chuck Norris hole punch? Answer: with a shotgun and an extremely accurate aim
* Chuck Norris not only assigns useful lives....he takes them away
* Chuck Norris does not have to dial 9 first
* Chuck Norris erases pencil marks with his beard...it erases pen too
* If he finds an exception, Chuck Norris amortizes pain over the remaining useful life of the client
* Chuck Norris has a full time plumber assigned to him for when he uses the restroom
* Chuck Norris irons his shirts with a blowtorch and a rusty piece of sheet metal
* What's the risk of significant misstatement? Answer: A Chuck Norris roundhouse
*edit - I sent this to Oct Girl, I got it from someone else…
I’ve been doing audits for the last 4 years for a “global 6” accounting firm, btw. I am, without a doubt, the biggest accountant I know of. It also doesn’t help that I tend to mumble a bit when I speak and have a fairly deep voice so I’m sure everyone assumes I’m a meathead.
Here is a related site I check out from time to time…
[quote]countingbeans wrote:
[quote]TK52 wrote:
What do you guys think about auditing? [/quote]
Prefer it to tax. Accounting, audit & business are my favorite, but I do find tax interesting.
Everyone is going to be different though.
How anal are you?
[/quote]
I think I would enjoy auditing. It might sound lame, but to me, its like detective work. Granted I haven’t any real audit yet and the feeling could go away with all the unpaid overtime I’ll have to do in the beginning during busy season, but gotta stay optimistic right? I defintiely did not enjoy the tax course we had to do and I’m not looking forward to Tax II. The auditing course was more fun and engaging. Our program grooms us for the CA tests though, so its probably nothing like the real work.
Thanks for the input countingbeans, appreciate it.
Making a move to add value to myself. Taking a few short courses the next few months and also foundations tax.
Advanced excel, MYOB and Quickbooks. Don’t really need them, but they look good on the 'ol CV and I really have nothing else to back up my experiences with the software packages. My ‘inside eyes’ tell me it’s a good move and would be very favourable.
Foundations tax should be interesting. Looking forward to that. Only problem is this is going to cost me an ass load of money 
but long term a good investment I hope. 
Question for the T-accountants:
For the last year or so, I’ve been kicking around the idea of taking some classes to get the accounting credits I need to qualify to sit for the CPA exam. My thinking here is that a CPA license would be a very good compliment to my JD. Thoughts?
we stand united
[quote]Racer377 wrote:
Question for the T-accountants:
For the last year or so, I’ve been kicking around the idea of taking some classes to get the accounting credits I need to qualify to sit for the CPA exam. My thinking here is that a CPA license would be a very good compliment to my JD. Thoughts?[/quote]
Excellent idea if you would be into white collar cases. Otherwise, not as much IMO.
[quote]Racer377 wrote:
Question for the T-accountants:
For the last year or so, I’ve been kicking around the idea of taking some classes to get the accounting credits I need to qualify to sit for the CPA exam. My thinking here is that a CPA license would be a very good compliment to my JD. Thoughts?[/quote]
I think it is pretty common for tax attorneys. Not sure it will be useful outside of that.
go to a website called taxtalent.com, there is tons of threads on that topic
[quote]TommyGunz32 wrote:
[quote]Racer377 wrote:
Question for the T-accountants:
For the last year or so, I’ve been kicking around the idea of taking some classes to get the accounting credits I need to qualify to sit for the CPA exam. My thinking here is that a CPA license would be a very good compliment to my JD. Thoughts?[/quote]
I think it is pretty common for tax attorneys. Not sure it will be useful outside of that.
go to a website called taxtalent.com, there is tons of threads on that topic
[/quote]
Cool, thanks for the link!
[quote]TommyGunz32 wrote:
[quote]Racer377 wrote:
Question for the T-accountants:
For the last year or so, I’ve been kicking around the idea of taking some classes to get the accounting credits I need to qualify to sit for the CPA exam. My thinking here is that a CPA license would be a very good compliment to my JD. Thoughts?[/quote]
I think it is pretty common for tax attorneys. Not sure it will be useful outside of that…
[/quote]
As I said above it is also very useful for white collar litigation (which is not just tax stuff), which there are many jobs both government and private sector.
Not just that, but it would be a great asset for in-house litigation to be able to understand tax implications of various transactions (and revenue recognition).
It can help immensely with IP and/or Bus. Valuation cases, any economic damages incl. lost profits, international and domestic contracts, etc.
OR if you wanted, there is a lot of money to be made if you want to specialize in something like lost profits. Look for boutique firms (legal or accounting related) and all of the big 4 accounting firms also hire attorneys.
[quote]TK52 wrote:
[quote]countingbeans wrote:
[quote]TK52 wrote:
What do you guys think about auditing? [/quote]
Prefer it to tax. Accounting, audit & business are my favorite, but I do find tax interesting.
Everyone is going to be different though.
How anal are you?
[/quote]
I think I would enjoy auditing. It might sound lame, but to me, its like detective work. Granted I haven’t any real audit yet and the feeling could go away with all the unpaid overtime I’ll have to do in the beginning during busy season, but gotta stay optimistic right? I defintiely did not enjoy the tax course we had to do and I’m not looking forward to Tax II. The auditing course was more fun and engaging. Our program grooms us for the CA tests though, so its probably nothing like the real work.
Thanks for the input countingbeans, appreciate it.[/quote]
Thing is, you are going to be like a tadpole in a pond full of full frogs when you first start. Just learning workpaper technique to the point where you don’t endanger yourself and others just opening excel will take a while.
You won’t actually “audit” for awhile, you’ve got to understand the detail and the big picture before you can audit in the true sense. But yes, it is like playing detective to a degree, but remember, people are paying you for this service. There is a fine line.
Tax is a lot more interesting than the school courses. Be confident that it isn’t that bad all the time.
[quote]LankyMofo wrote:
Here is a related site I check out from time to time…
[/quote]
It is pretty bad that I find some much of this so funny.
Amazing site
[quote]countingbeans wrote:
[quote]LankyMofo wrote:
Here is a related site I check out from time to time…
[/quote]
It is pretty bad that I find some much of this so funny.
Amazing site[/quote]
That is a cool site. I feel like such a noob reading it though. That article about the PWC auditor that worked herself to death is interesting. I thought the Big 4 prided themselves on the whole “work/life balance” thing?
I guess tax season is officially over for me now, they sent me home early and I don’t have to come in tomorrow. Since I’m uber-noob status, they don’t have anything for me until Monday. How’s everyone else’s weekend looking?
Kudos to the vets here, I hope to join the ranks someday. I really like this job, and seeing the professionals in action really opened my eyes to what this kind of work entails. I have nothing but respect for the men and women that have been in the trenches for so long. I hope to be that good someday.
Cheers bitches!
[quote]skaz05 wrote:
[quote]countingbeans wrote:
[quote]LankyMofo wrote:
Here is a related site I check out from time to time…
[/quote]
It is pretty bad that I find some much of this so funny.
Amazing site[/quote]
That is a cool site. I feel like such a noob reading it though. That article about the PWC auditor that worked herself to death is interesting. I thought the Big 4 prided themselves on the whole “work/life balance” thing?[/quote]
Ahahahahahahahahaha…that’s cute.
In all honesty, though, every firm swears they have a great work/life balance and I think for the most part (ie, April-December) that is pretty true. I know at my firm it is. However, during busy season all bets are off and all promises of work life balance are broken.
Not that anyone should be complaining, everyone should be well aware of the hours going into the profession. It really gets to me how much people complain about the hours. If you don’t like the hours find a new fucking job, no one is stopping you, you know?
[quote]I guess tax season is officially over for me now, they sent me home early and I don’t have to come in tomorrow. Since I’m uber-noob status, they don’t have anything for me until Monday. How’s everyone else’s weekend looking?
Kudos to the vets here, I hope to join the ranks someday. I really like this job, and seeing the professionals in action really opened my eyes to what this kind of work entails. I have nothing but respect for the men and women that have been in the trenches for so long. I hope to be that good someday.
Cheers bitches![/quote]
So how was the first busy season?
The first busy season is probably the worst, it all gets easier from here, man. Next year you’ll actually have some idea of what you’re doing and you won’t be lost in the sauce all damn day.
For your sake, I hope your firm isn’t the type of firm to hire more people during busy season and then lay a bunch of people off afterwards. Some firms do that because they don’t have enough work during the summer hours to utilize everyone. Always keep an updated resume handy.
Edit - and I like goingconcern because of the wild speculation it has. Sometimes they’ll post an “Unfounded rumor of the day” article which is driven by some random email from some anonymous accountant, it can be pretty funny.
BTW, I’m straight audit so my busy season starts winding down around 3/15 and is completely over by 3/31 so everything that I post has that perspective.
I can’t wait to find out what some of these terms mean!
Will you guys do my homework?
[quote]LankyMofo wrote:
[quote]skaz05 wrote:
[quote]countingbeans wrote:
[quote]LankyMofo wrote:
Here is a related site I check out from time to time…
[/quote]
It is pretty bad that I find some much of this so funny.
Amazing site[/quote]
That is a cool site. I feel like such a noob reading it though. That article about the PWC auditor that worked herself to death is interesting. I thought the Big 4 prided themselves on the whole “work/life balance” thing?[/quote]
Ahahahahahahahahaha…that’s cute.
In all honesty, though, every firm swears they have a great work/life balance and I think for the most part (ie, April-December) that is pretty true. I know at my firm it is. However, during busy season all bets are off and all promises of work life balance are broken.
Not that anyone should be complaining, everyone should be well aware of the hours going into the profession. It really gets to me how much people complain about the hours. If you don’t like the hours find a new fucking job, no one is stopping you, you know?
[quote]I guess tax season is officially over for me now, they sent me home early and I don’t have to come in tomorrow. Since I’m uber-noob status, they don’t have anything for me until Monday. How’s everyone else’s weekend looking?
Kudos to the vets here, I hope to join the ranks someday. I really like this job, and seeing the professionals in action really opened my eyes to what this kind of work entails. I have nothing but respect for the men and women that have been in the trenches for so long. I hope to be that good someday.
Cheers bitches![/quote]
So how was the first busy season?
The first busy season is probably the worst, it all gets easier from here, man. Next year you’ll actually have some idea of what you’re doing and you won’t be lost in the sauce all damn day.
For your sake, I hope your firm isn’t the type of firm to hire more people during busy season and then lay a bunch of people off afterwards. Some firms do that because they don’t have enough work during the summer hours to utilize everyone. Always keep an updated resume handy.
Edit - and I like goingconcern because of the wild speculation it has. Sometimes they’ll post an “Unfounded rumor of the day” article which is driven by some random email from some anonymous accountant, it can be pretty funny.[/quote]
I’m learning a lot, and frankly my first busy season really wasn’t all that bad. The biggest obstacle for me was learning the software. I did clock in 60-70 hours a week but I really didn’t mind because I’m learning so much. The partners there practically live at the firm. I don’t know how they handle being there all the time while having families and stuff. They tell me that I’ll be going out on audits starting next month. The audit team is only 7 deep including me now, so I should have plenty to do this Summer. I’m looking forward to it, but I’d like to keep doing taxes.
My firm is really small, there’s only about 20 people that work there and they have all been there for years. One woman, who isn’t even a CPA, has been there 25 years. They hired me in only because someone left the firm last year after being there for 6 years. They don’t do internships either, so it looks like I’m staying for a while.
I’m the youngest person there and I’m 32. It’s like a big family there, everyone knows each other and hangs out with each other. The partners have all been really nice to me though. And the audit guys LOVE going out to lunch. I’m going to get fat doing audits.
Fuck YEAH MOTEHRFUCKERS!!!
I gotta be in for 10am Monday to start drinking on the Firm’s dime!
Otherwise this shit is over. The first few days off after tax season are the best days in the world. It is like the first time every time.
This is my last year in college, and I’m making a feasibility study for establishing a mall, can any one who is knowledgeable about this subject please pm me!
T-Accountants FTW!!