July 20, 2018

Here’s Some Shit You’ll Hear Accountants Say During Busy Season

For some of you, this marks your first busy season. That's pretty relatively exciting. You'll learn many things along the way but communicating effectively with your peers and superiors will be one of the most important learning curves you'll climb in your young career. Likewise, for the veterans out there, it's imperative that you communicate with new people so that they don't feel like auditors caught in the daylight during February. If you start throwing around some fancy schmancy lingo they're going to A) fail to understand how to spend their 15-hour days and B) hate you. Historically, accounting professionals have taken a lazy approach to communication, using a wealth of clichés and trite expressions. As abhorrent as this is, it's important that you are familiar with these so that you don't automatically think your superiors are Neanderthals that are incapable of articulating themselves above the level of Bill Lumbergh. Their language has simply regressed after years of exposure. With all that mind, the following video should get you up to speed on many of these common phrases and sayings.  

It's worth noting that there are some notables missing including: "This is pretty straight forward," various forms of "circle back," and "I just emailed you." Of course since I've been out of the business awhile, I'm sure the language has evolved (?) in ways I'm not privy to. Please share those below, along with any reactions to our instructional video.

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Job of the Week: Do You Have a Preternatural Ability for GAAP Disclosures?

hire me2.jpgSince there seems to be some unhappy campers out there we’ll take a moment of your day to tell you about a position that might make you less miserable or hopefully better compensated:
Company: Morgan Stanley
Location: New York
Title: Associate/Manager
Description: Associate or Manager for our Legal Entity Accounting & Disclosure Group. Responsibilities will include gaining an understanding of the firm’s equity financing products, derivatives and securities lending business in order to assist in producing and analyzing many of the division’s financial accounting disclosures.
Skills Required: BS or BA in Finance and/or Accounting, CPA preferred; 3-5 years of experience in Public Accounting and/or financial services industry; Must have thorough understanding of FAS 133, FAS 140, FIN 46, FAS 157 and FAS 161 FASB pronouncements
See the full description at the GC Career Center and if this position doesn’t tickle your get your ass off the couch/ship-jumping bone, go to the main page and find your next temporary dream job.

Recruiting: Considering the Non-Big 4 Employers

BelushiCollege.jpgAs recruiting continues this week, we’ll put out the idea of opting to starting your career with a firm or company as opposed to starting at a Big 4 firm. Regardless of the Big 4’s dominance of the BW list, there are several smaller firms that make good offers and all businesses need number crunchers to track all the bloody money.
And this year, since many of the Big 4 don’t appear to be making as many offers, going with a national or regional firm or private company becomes a serious option for many recruits.
For the recruits out there, are you giving serious consideration to taking a position with a non-Big 4 firm? For the rest of you, is starting your career at a Big 4 the only way to go or can relative happiness and success be found elsewhere?
Discuss in the comments.