June 21, 2018

Occupy Wall Street Learning That Accountants Aren’t Too Interested in Working on the Cheap

As we've discussed, Occupy Wall Street has had a bit of trouble with tracking their finances. Donations initially were collected in "a large cooking pot covered in cardboard and duct tape" but as methods became more sophisticated; "donation buckets" and "a yellow messenger bag" were also utilized. Expenses are numerous, including but exclusive to meals, bail, and sleeping bags from the nearest Army surplus store. But as the protest grew, things have gotten a little more complex, including paying the musical talent:

OWS has also faced frequent squabbles over money — drummers at one point demanded $8,000 for their efforts, for instance. 

I haven't lived in Manhattan for a while but the finest percussionist at Union Square would have a hard time earning $8k, let alone someone who just randomly shows up day after day claiming to be the "heartbeat" of the movement. Now, then. As we've reported, OWS has been on the lookout for a willing and able accountant to get their financial house in order. While there are some Big 4 supporters among the group, they seem much more comfortable working in the confines of a luxury hotel as opposed to a park in the winter. Despite the current challenges, OWS has finally decided that it's time to get serious  about finding the right person for the job, although there are still some bureaucratic hoops to jump through:

[T]he decision [to hire an accountant] still has to get past the General Assembly, Occupy's central decision-making body — and the hire might be a departure from the movement's decentralized, anti-authoritarian style.

Chaos! Disorganization! The total lack of regard for the findings of the Treadway Commission! This is what Occupy is all about and you just want to throw it all away? Well, yes they do, actually. But some within the OWS accounting group are aware of the resistance:

It's going to be a really hard sell," said Justin Strekal, another member of the accounting group (which recently changed its name from Finance to avoid any association with big banks). "A lot of people believe that people will just donate their time. We've had a bookkeeper walk away, and we'd really like to have someone with accountability."

Regardless of how you feel about OWS, I think we can all agree that in order for someone take up this task, that person will have to get paid. I know, I know. It's crazy to think that any accountant would actually consider their time valuable during this time of year but, clearly, not not everyone inside OWS is hip to the motivation of many double-entry artists. 

Occupy Wall Street Looks To Hire Accountant [BF]

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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.