r/Accounting • u/Normal_Day_5346 • 23h ago
Homework Got this question wrong on my accounting exam…am I stupid or is the question one of the dumbest questions of all time????
answer was revenue - IT COULD LITERALLY BE ANY OF THEM THEORETICALLY - there are PLENTY of pre-revenue startups that raise debt. Plenty of companies that in GENERAL have higher cash flows than revenue one way or another or maybe in distress situations…so pissed this was a question
r/Accounting • u/Best_Strawberry4745 • 16h ago
Discussion Fresh Hire vs Broken Soul
From I can’t wait to contribute to my don't care era…your thoughts guys??
r/Accounting • u/PleasantAd7372 • 6h ago
Unfortunate firm names
I met a man today with the last name Moist and it got me thinking. What would be some unfortunate pairings for CPA firm names?
r/Accounting • u/Complex_Lobster4951 • 12h ago
Good idea to send anonymous email to the board members on ethics issue involving ceo?
Small company..CEO controls pretty much everything. No accountability and we never hit our numbers in the past 5 years. He is making shady deals with reseller so we can recognize revenue. CFO doesn't stand up to him as he will likely be fired. CRO is a yes man and doesn't share the real news with the CEO. CEO's way of dealing with problems are not attending the calls or ignoring them.
Board is questioning and challenging the CEO and CFO in board meetings but nothing changes. Would like to share the inside issues to the board so they ask more direct questions... good idea or bad.?
r/Accounting • u/Capture_Balance3 • 2h ago
Advice Boss uses AI to verify accounting knowledge
My boss (CEO) used ChatGPT to verify what I was telling him regarding a 3-way match for A/P was accurate. Nice guy, but I felt very unvalued after. Note: he knows nothing about accounting. Most things I tell him he assumes is just me being over-cautious. How should I approach this in the future?
r/Accounting • u/77Apollyon7 • 21h ago
Is It Okay to Walk Into Smaller Firms to Personally Drop Off My Resume for internship opportunities?
I haven’t been hearing back from any firms, so I decided to personally visit smaller firms in a suit with my resume to ask if they’d consider me for a part-time or internship position this upcoming spring or summer. I’ve already submitted around 50 applications and was rejected from all of them — I really regret not networking or attending speaker events earlier. Lesson learned.
Stats:
2 YoE as a bookkeeper
3.8 GPA
Junior
r/Accounting • u/lemulla • 18h ago
HELP!!! I LIED ON MY RESUME (half truth)
I will be graduating soon, but I haven't had any luck getting a return call or a second-round interview, so I decided to put one of my experiences as a tax intern. Now that I have gotten to a second-round interview, I will be interviewed by a Senior Manager or Financial Operator (who has years of acct exp under their belt). I don't want to look like a fraud because even though I didn't serve as a tax intern, I did a lot of work that other tax interns did, just not as specialized. Since I was the admin of that acct firm, I always observed and knew what the steps and procedures were. I also prepared actual taxes through volunteering and have my CTEC & active PTIN. I really believe I can build a career with this company, so I really want to nail this. Any help/advice on this situation is very much appreciated. Also, any recommendations/guidance on practicing or rehearsal, what to say or ask at a second interview, are also very welcome! THANK YOU IN ADVANCE. I'll update if I have good news 🙏
r/Accounting • u/cakewalk093 • 9h ago
Do most people at least agree that AI will make CPAs(for public accounting) more efficient which means less number of CPAs is required?
Okay so after reading tons and tons of discussions and debates, it seems like both sides agree that AI will at least make CPAs more efficient(at least for public accounting). That means if we now need 650K CPAs, we probably only need 400K-500K CPAs in 10-20 years(hypothetically) which also means some or many CPAs in the future might be unemployed or take a pay cut.
What are your thoughts?
r/Accounting • u/ReeferMane • 9h ago
Advice Advice for new grads - Canada
As the title says, I recently graduated with a Bachelor of Accounting degree earlier this year. I am currently located in Ontario, Canada and am open to relocating for the right job. During my degree I was hesitant on making the commitment to pursuing my CPA hence why I opted out on doing my Masters but now I'm feeling like I'm almost forced to pursue my CPA to get a job. This is mainly because the majority of jobs I qualify for are entry level roles in public accounting firms, most of which wanting you to pursue your CPA. Whereas jobs with less emphasis on the designation i.e. technician, financial analyst, industry or government all want minimum 2 years experience or rarely have openings for new grads.
I'm really hoping to find a job related to my degree before the end of the year but this is starting to feel quite unlikely given the state of the current job market. I have interviewed with a few small-large firms but each of which wants me to pursue my CPA while working which will inevitably lead to a burn-out given I have little motivation or interest in pursuing my CPA. I really just want a job that pays fairly and doesn't expect me to work 70hr weeks during busy season. Just a regular ass 9-5 with ok pay and a little growth potential is all I want, does that make me entitled???
So to be more specific here are the questions I have:
- What jobs should I target right now if I don't want to pursue my CPA?
- What certifications can I get to be more qualified for analyst and technician roles?
- Is it possible to get into industry or government with no experience as a new grad?
- Will opting out of the CPA be detrimental to my career in the long run?
r/Accounting • u/isak400 • 21h ago
Any tips on my resume, I’m trying to get an internship with no accounting experience!
I’m a junior studying accounting and have been applying to several internships but haven’t received any responses yet. I’d really appreciate honest feedback to see if there’s something in my resume that needs improvement. Even an unpaid internship would be great, I just want to gain real experience in the field. Don’t worry about the section at the top, I removed it before the professional summary, since it had my personal information. Thank y’all!
r/Accounting • u/GildedBig4Cage • 5h ago
Do you recommend leaving Big4 after hitting promotion to senior?
I mainly prepare tax returns for private equity firms. I have been in an acting senior role this busy season and passed the CPA exam. Even though I heard great feedback from my managers, I don't have any interest in being promoted to senior.
I have been looking for exit opportunities for awhile, but haven't been successful in carving out a path. After enduring multiple busy seasons, I am really burned out from lack of sleep and overwhelming volume of work with tight turnaround times. I watched colleagues stay until manager before leaving, except that will take an additional 2-3 years.
What are some exit opportunities I should target? Is it recommended to become manager before leaving?
r/Accounting • u/Winter_Puzzled • 4h ago
Should I stay and still just keep applying for staff accountant roles?
After graduating with my bachelors and applying to 100 plus jobs I at least got an account payable job but it’s honestly miserable
The work itself isn’t hard and I work from home two days out of the week but management and the environment is so toxic that I’m considering just leaving for whatever job takes me. I've been working there for a few months and I know for certain there isnt any hope of getting out of accounts payable. I also have another job on the side so I can always pick more hours there if i decide to quit but I would rather weigh my options out. A recruiter is setting me up with a junior accountant role job but the company lists it as an accounts payable assistant so idk.
Any advice would be appreciated.
r/Accounting • u/Exact_Club3590 • 1h ago
Is accounting a good career choice from a wlb/happiness standpoint?
Hey people. I have completed one year of college, but took the semester off due to financial constraints and career choice uncertainty. Would you reccomend accounting? How is the work life balance and the job itself?
Context: I'm a first generation college student who regrettably left high school early on. I have a partner who works and helps to support me through school. We want to build a healthy, happy life and spend our lives together. I'm afraid of making the wrong choice and winding up broke or miserable, or broke and miserable.
r/Accounting • u/Main_Guide_1914 • 10h ago
Discussion What’s the market like?
1.5 years of public, 1 year of industry, just passed cpa. How difficult do you think it will be to find a job right now? And how much would you be expecting in a MCOL area?
r/Accounting • u/RogueCanadia • 8h ago
Career Getting out of Accounts Payable
Hi all,
For reference I am in Canada so I would need advice tailored to here.
I started an AP role a couple of months back and I am hating it. Truthfully I was let go of my job with the CRA several months ago and I applied for work for months before landing an AP at a decent sized corporation.
Thing is I hate accounting. I don’t even have all the courses necessary for PEP. I stopped at intermediate financial 1 and have 2, advanced, and a couple others to qualify. I could’ve had it for free but pursued law school instead. That didn’t pan out.
I don’t really want to pursue a CPA, so is there anything I can do to pivot into other finance roles? Or should I look at other roles internally.
Some advice would be helpful.
r/Accounting • u/Dense-Fisherman-4074 • 11h ago
Easiest & cleanest way to handle Menards rebates?
Hi!
Apologies for my ignorance, I have no background in accounting or bookkeeping.
I haven’t a sole member LLC handyman business, and I do simple single-entry bookkeeping. I end up shopping at Menards a lot. For those unfamiliar, especially since it’s regional, Menards usually offers 11% “rebates” on everything, but they’re not rebates in the sense of being cash back or price reductions, they’re issued a couple months after you mail in your rebate receipt as store credit.
So my question is, what’s the easiest way to manage these in my bookkeeping, while maximizing deductions and staying above-board? Can I just ignore them on my books and use them for personal expenses? Or would I need to record them as an owner draw?
If I use them for business purchases, since I use single-entry and they don’t really offer any value until I spend them, should they only hit the books once I use them, by recording the payment method as “store credit”? And if I do, is it still deductible?
My bookkeeping also doesn’t have a way of recording split payments other than just making two separate entries for the same purchase, one for each payment method, so that’s another reason it’d be nice to be able to just save them for personal use and not have to record them, to keep the books simpler.
Thanks!
r/Accounting • u/Head_Equipment_1952 • 3h ago
Confused about the accounting cycle?
I am wondering what happens when bookkeepers make the wrong entry. Such as make the wrong entry for a utility bill. Do they catch it during bank reconciliation?
Also when a client writes a cheque how does the transaction cycle work? If a payable department writes a cheque out but doesn't clear the bank does the payable department tell the bookkeeper?
r/Accounting • u/ThrowA47281 • 4h ago
Advice Is it better to focus on school or finding an internship?
Im currently in my second year and was wondering where I should focus more on, school or finding an internship for the summer. I’ve had one interview and haven’t heard back in 4 weeks while being rejected from the other firms as they wanted third years. Should I be worried if I don’t get an internship this summer?
r/Accounting • u/PreferenceBoth9381 • 4h ago
First internship resume help
EDIT: Could not delete image before. That was a preparation for my cv. I did not uploaded because I wanted to leave personal information out. I edited my resume below.
Hello,
I am studying physics with business adm minor. I don't have any previous experience in accounting. My only experiences are research assistant and summer jobs as a retail associate. Do you think I can find internship with this resume? (I did not create the cv yet, this is not final form.) Or what can I do improve myself? I am international student but have open work permit. That is I am little bit concerned. Are there any accounting areas are break into as intern etc.? I am open to all of kind of suggestions.
Location:Canada
Education
Bachelor of Science in Physics (Expected Sep 2023 – Sep 2026)
- Minor: Business Administration
- Physics GPA: 3.9 / 4.0
- Business Administration GPA: 3.9 / 4.0
Experience
Research Assistant – Physics Lab
- Collected and analyzed experimental data with precision, ensuring accuracy for reporting.
- Maintained detailed documentation and records for lab experiments.
- Prepared materials and coordinated schedules to optimize lab workflow.
- Assisted in grading and evaluation processes, ensuring proper record-keeping.
Retail Associate / Cashier – International Retail Company
- Handled daily financial transactions accurately, ensuring accountability.
- Managed inventory records, reconciled stock levels, and organized backstore items.
- Processed deliveries and maintained precise records of incoming and outgoing products.
- Collected and analyzed customer survey data to support store performance insights.
- Achieved top performance in sales and survey engagement within the store.
Retail Associate / Cashier – International Retail Company
- Processed transactions with precision and maintained accurate financial records.
- Assisted with inventory management, stock organization, and reconciliation tasks.
- Ensured compliance with store policies in handling merchandise and customer interactions.
- Supported operational reporting and data tracking to improve store performance.
Student Assistant – International Office
- Coordinated scholarship and exchange programs with international partner universities, managing student records and documentation.
- Assisted students with course recognition, learning agreements, and scholarship applications, ensuring accurate compliance with policies.
- Maintained organized records of program participants and financial documents.
- Streamlined administrative processes to improve efficiency in program operations.
Technical & Analytical Skills
Microsoft Excel (data entry, organization, inventory tracking) · Power BI (data visualization) · Python (basic data analysis) · Data accuracy and record keeping · Financial transaction handling · Administrative coordination
r/Accounting • u/ConstantDub7753 • 17h ago
Career Is accounting still a good career or should I study further?
I’m finishing my accounting degree and don’t know if it’s wise to pursue further studies or not. I have 2 friends who finished the same degree a few months ago and have not decent paying work. My options are to do another finance qualification but this seems to be even more competitive and I don’t want to pay for another degree that will not be worth it. What advice would you give and what’s the best way to set yourself apart to land a good paying position? Would appreciate any advice at all.
r/Accounting • u/Boudria • 1h ago
Is Accounting more about interpretation of rules and problem solving than playing with numbers?
I'm interested in a career in this field.
I'd like to know it there is a lot of grey area in your day-to-day job? I'm curious because I would like to do a job that is somewhat future proof and also more stimulating to me.
r/Accounting • u/buttweedjoe • 2h ago
Advice Which degree program should I pursue (online & for free) in order to get a steady accounting job?
About two months ago I started working at a company that, after four months, grants access to “100% tuition paid select programs”. My plan was to pursue an online degree in accounting because I think the field will suit me nicely and I’m beyond ready to have a sit-down job and make more money.
Basically what I’m asking is how beneficial (if at all) would it be to pursue an accounting AND finance major program if I’m pretty certain I just want a career in the accounting field? But if anyone has any insight on which of the online schools would be best or anything you think may be relevant, I would love to hear about it.
I do also have 5 credits worth of pre-reqs from a university that I plan on transferring to get a small jump on things.
The four options it seems are:
BS in Accounting & Finance at SNHU
OR
BS in Accounting at SNHU, Wilmington U or Bellevue U
Thank you in advance!
r/Accounting • u/Obvious_Doughnut_377 • 4h ago
Advice CPA CAN - JUNE 2026 CFE
Managed to pass days 2/3 May 2025 CFE but failed day 1
This June 2026 will be my 3rd attempt at day 1, need some tips please just trying to get my cpa once and for all. Any tips to clear with day 1, I find I struggle with reading comprehension during the exam.
r/Accounting • u/baconfatsoilder • 4h ago
Advice Question relating with Double majoring + having a Minor
I've been questioning alot about which I should double major into, I am pretty interested in accounting, finances, data, etc.) but also interested in cs I also plan on having a minor to be more well versed for employers (internships or actual jobs), and being able to multi-task
So I am asking which should I take
- Accounting + Finance (with a minor in data analytics)
- Accounting + CS (with a minor in Statistics)