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Accounting after MBA
I am aware that this question has been asked many times before but I'm posting it because response can vary based on my profile. I'm an international student (from India) in Canada and currently pursuing MBA at a state level school. The reason I chose this school was low tuition fee ($3k/year). I...
Macc - CSUF or out of state?
Hey Everybody, So a little background about myself - I'm a 27 year old finance graduate from CSUF going through a quarter life crisis and desperately trying to improve my career situation. I've only been working for about 2 years (graduated late between coming from overseas, switching majors, and...
Loughlin Management Partners + Co.
Hey guys, Been a while since I've posted anything on here. I was wondering if anyone had any info/insight on the restructuring firm Loughlin Management Partners + Co? It's a small restructuring firm in NYC with only about 30-35 people (most restructuring groups are lean to begin with anyways), but...
Subsidiary disposal - accounting question
Hi monkeys, I'm hoping some of you may help me with a couple of accounting issues related to a subsidiary disposal. I've got a company that is selling a major sub which it impaired recently (say from 1.5 to 0.5m via goodwill impairment). I'm now trying to calculate accretion/dilution as follows: Pro...
Transaction Services Groups
Can somebody explain the different groups of Transaction Services: due diligence, accounting advisory, and valuation. Which group do people who previously worked in audit move into? What do they focus on? Do they hire from undergrad? Do you have to have experience? What are exit opportunities for...
accounting question for VC
Just wondering how to book the transaction when a startup raised a huge amount of money. For example, if there is a VC spend 1 million to acquire 10% ownership of a startup. Let's just assume before the investment the startup founder is the sole owner, who just put in 100k to start this business....
RBC Capital Markets (IBD) - Recruiting Accountants
I've been looking at various Linkedin profiles of employees at RBC Capital Markets and it seems like RBC likes to hire a lot of accountants from Big 4 or midsize (Grant Thorton, McGladrey, etc) firms into their IBD division. Did anyone else notice this and would like to share some insight on this...
BSc Industrial Engineering (ME), MSc Finace, Risk & Accounting - what career options do I have?
I live in Germany and got an industrial engineering bachelor degree since I did not really like the engineering part but really enjoyed the couple finace, economics and accounting courses that were part of my curriculum I decided to focus on that areas. I have work experience in controlling,...
Advice regarding career choice
Hello everyone, this is my first post to WSO , and I eagerly await anyone's advice. I'm a 28 year old RN with 4 years experience; the money has been fantastic, and with the OT rolling in, I've been able to save/invest a fair bit over the last 4 years. I have realized that I have a bit of a passion...
PE Job Requirements
I have just started as an Advisory (consulting) Associate in a Big 4 firm in Ireland (age 23). A bit of background on me: I completed an undergrad in Ireland followed by a Masters in Accounting (both in top Irish universities but nothing too recognisable worldwide) I am studying for the accounting...
Extremely Confused
Hello everyone, I am extremely confused as to what I want to do with my life and a crucial decision has to be made in the next month which will basically alter the rest of my life. I am just looking for advice here because I am SERIOUSLY confused - to the point where I can't sleep or focus on...
Graduating Senior in Big Four Audit - Consulting Career Path?
I am a senior majoring in Accounting at UIUC. My GPA is >3.6, and my goal is to be in consulting. However, I have no professional work experience. This past Summer I was in Europe traveling after I studied abroad for the Spring semester. The Summer before that I was bartending on campus. My EC's are...
What would be a good minor to compliment my Economics degree?
I have an A.A.S in accounting, and am now in the process of attaining a B.S degree in Economics from the University of Houston. I would like to choose a minor that would look nice with what I already have. I'm thinking business admin but I'm unsure. Probably not finance or math since I have the...
Tough Technical
I recently stumbled a bit on a technical question in an interview and wanted to share it. Although I knew the answer, I had not prepared for this specific question and it did not come out very naturally. I resorted to writing down some debits and credits on my paper before answering just to be sure....
Accounting: Interview Questions
All, Looking for help with some basic accounting interview questions. Thanks in advance: 1) How does increasing a Deferred Tax Asset by $100 affect the three statements? 2) How does decreasing a Deferred Tax Asset by $100 affect the three statements? 3) If you use accelerated depreciation on your...
Stern> Harvard for college?
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What is the best transition to enhance entrepreneurial skills?
Hey all, currently working in Big 4 Audit, engaged on a Fortune 25 client, just finishing my first year. I initially chose accounting and Big 4 audit because I thought it would enhance my business acumen with the end goal of becoming a skilled entrepreneur, but I'm finding it to be dry and not...
Acquisition accounting
Hi guys, Apologies for spamming the forums recently with all my piled up queries about finance. I would like to understand the merger/acquisition accounting. Consider the following example of two independent companies, A and B (All figures in $, for simplicity) Comp A: Total Balance sheet size of...
Good Book for Advanced M&A/Corporate Finance & Accounting?
Have come to realise all of the material in books like Rosenbaum & Pearl is pretty simple to me now, so looking for a new book that covers advanced topics in M&A and accounting. To give an example, some of the more technical topics I have come across in my time in IB thus far, relate to accounting &...
Would I be looked at by companies
If I double majored in Accounting and Finance would that get me a decent job. I'm not sure it would land an ib job at all. I also plan to sit for my CPA and CFA once I complete both majors. I live in Ohio, so I was wondering if that would set me up for good jobs in my area, and possibly if I later...
Clueless on Purchase Accounting
I'm absolutely clueless on purchase accounting and haven't found current threads of much use, particularly on (D&A) step-ups and associated DTL's. Any info on financing fees would also be useful. As for the step-ups, why do they exist and how does the purchase method (stock/cash/asset sale/RMT)...
Q on minority interest & implications on BS
Curious how this differs between FASB & GAAP: GAAP allows minority interest : a) under liabilities, or b) a mezzanine section between (but separate from) liabilities and shareholder's equity FASB allows minority interest only under the shareholder's equity section in a subsection labelled...
Q&A: Former Business Valuations Associate (BO-> Val-> Corp Dev)
Maybe its just me (since I have selective reading, could very well be true) but when accounting firms and different groups within accounting firms are brought up "Business Valuations" is always asked about. So I thought would do an AMA on the mysterious world of Business Valuations. Here's a quick...
Lack of accounting knowledge
Starting up training soon and realizing I know significantly less accounting than my peers and why things work the way they do in the spreadsheets (liberal arts degree). Any way to fix this in a short amount of time?
Need direction to continue learning
So I am 20 years old, a rising Junior in college, and am very interested in a future in Asset Management or even a hedge fund down the road. I have read some of the widely recommended books such as The Intelligent Investor (which was somewhat confusing), Margin of Safety, and The Little Book That...
Synonyms for Accounting-centric words for my resume
Hi all, My job: Currently providing some "expert financial service" to a restaurant as a freelancer. In reality this is a job that any knowledgeable accountant can do. I basically have financial statements (of few months) in an excel file and my job is to ensure these figures are uploaded correctly...
Merging macro views and industry/competitive analysis into valuation/accounting assumptions
brief introduction: I have become more and more accustomed to translate observations about the competitive strategy as well as the general demand/supply/new trends of the underlying industry into both accounting assumptions (revenue/COGS/D&A/Capex/etc) and valuation matters (risk/multiple...
I'm so confused... I want to go from the FP&A team to Accounting team?!
Based on my entire time at uni and now with a few months under my belt working as a FA in an FP&A team, it's safe to say someone in finance that wants to transition to accounting is rare... I wanted to ask the forum... does my logic make sense? and am I justified? TBH, I'll preface by stating I'm...
Leasing Business EBITDA
Hey chaps, So, when looking an companies which have D&A of assets which include D&A in COGS and D&A of non-operational assets in opex how are you looking at EBITDA ? I've seen both or just one added back, interested to see how others are looking at it.... For reference, pure leasing companies (e.g.,...
Stay at small, private university of transfer?
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JOB OUTLOOK, HELP, BUSINESS, MFE, FINANCE, ACCOUNTING FORECAST JOB
Hello everyone,
Is school choice important for Big 4?
I'm a high school senior with a 3.85 UW GPA, 2290 SAT I, 800 SAT 2 Lit, 750 SAT 2 US History, and 10 AP classes. I was planning on attending a higher-ranked school (applied to NYU, Boston College, UNC Chapel Hill, Barnard College, USC, Boston University, Fordham University and SCU) but I received...
Future job
I am a student attending Baruch College in NYC and am a little confused on choosing between the two below. I would appreciate any insight from those who are experienced or know of those who are experienced to help me visualize the reality and possibilities of each. How do they compare? I realize...
ACA Accounting Exams - what book to use to study? help! (for England only)
Some help would be appreciated on the below: I want my partner to potentially become an accountant in the UK (she would have to train from scratch, this is a 3+ year project). I saw there is a basic module that covers "accounting" at the certificate level. What would be a good book you would...
Deferred Tax Asset question
Received this question during an interview with a BB : How do depreciable and amortizable assets & foreign tax credits give rise to deferred tax assets? I have some understanding regarding foreign tax credits (but not sure if my intuition is correct). From my understanding, foreign tax credits give...
Seeking advice about EY BAP Program
I am interning with EY this summer in their BAP program. I was wondering if anyone had any advice on what the internship is really like? What are the chances of getting a full time offer after the program. If a full time offer rate is high, what is the BAP 3 year program truly like? Is it a worthy...
Best Supplement with an Accounting Degree
Dear Forum members I am new here,the thing is I am a second year accounting student(undergrad),I want to move to finance,the thing is I want to ask you guys what studying and skills strategy should I follow? I am hoping perhaps to get a good Msc Finance degree followed by a CFA ,My interest at the...
International accounting
I don't know how many people here know about this area, but I'll ask anyway. I'm still very young, and I finished my bachelor's at an Ivy league school recently. Unfortunately, I literally had little to no clue about getting a job, and purely followed my academic interests. It hasn't gotten me...
Hello, hello
Howdy. I found out about this forum through some typical stumbling through the Internet and I figured the people here would know plenty. I went to an Ivy League school as recently as a year ago, but never knew how to take advantage of it, and never got a proper internship, or a job offer. Regardless...
Job Prospects for a 25 year old CPA in New York City?
I don't want to hear shit about your finance job, most finance guys are bums. Anyways could a 25 year old CPA make it in Brooklyn? Opportunity for advancement? In what field? Non-target school was attended and completed.
Accounting Qualifications for a FORMER Investment Banker
Hey Monkeys, I'll be going to policy school soon! I'm trying to decide which is the best accounting qualification that I could do in the next 6 months before I go to grad school. I want something that could help if I ever decide to open my own business! I have nearly 3 years of IBD experience but I...
MS Accounting w/ MBA in perspective
Hello Monkeys, First of all Merry Christmas! Writing my first post here seeking some advice... if anyone has it.
Yo
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EBITDA and provisions
A company accounts for revenue in Q1 from a contract. In Q2, the company realises that the counterparty to the contract is unlikely to be able to pay and hence, creates a provision. How does this affect EBITDA ?
Service company Income Statement and Balance sheet?
Ok, so this week while I was at work the lightbulb came on. In most of my accounting classes, Finance Classes; we always have used Income Statements and Balance sheets for manufacturing companies, wholesalers, and retailers. We never did a service company and even though in my position as a credit...
MD/Partner pay in a small consulting firm and is it worth chasing 1st & 2nd tier with a sub-par profile?
I know this is going to be heavily region/city/firm specific but does anyone have any thoughts or anecdotal stories about working for a no-name small consulting firm? What kinds of projects are they actually able to bring in? How's the pay once you get to the top? I'm currently working in public...
Value of Accounting outside of Financial Accounting? (considering to drop double major)
This semester I'll be finishing up my financial reporting and analysis classes. I am also taking a cost accounting class and will need to take an audit class in the future among some computer classes. But honestly, I'd rather just finish up financial accounting and not worry about these other...
Should I get an Accounting, Finance, or Economics Degree?
I've finished most of my General Education courses and now need to start on my core classes. I'm confused about which degree is best. I would love to land a career that has something to do with the stock market. I know where I want to be but don’t know what degree is the best to get me there. I...
Accounting Major - Junior majoring in Bus. Admin.
I have posted this before, and didn't get my question answered. I am going to re-phrase the question. I am a junior majoring in Busn. Admin with a concentration in Accounting. What kind of jobs would be able to get on "the street"? My concetration used to finance, but I got spooked because I did...
Accounting Question - Using debt with interest?
i. If a company buys a factory for $100 with a useful life of ten years, using debt with a 5% interest rate, show me the changes at 40% tax rate
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