[ken2013]

I really suck at applying this knowledge. Hopefully I reach my full potential soon

[Skynet]

Having a BA in Acounting and passing the CPA exams and not being able to apply the knowledge does not make you dumb.

Now write it a hundred times on the chalkboard after work. I will be checking.

AUD - 90
BEC - 78
FAR - 84
REG - 87

World Domination Plan

Phase I : Pass CPA Exams - Complete
Phase II : Megan Fox - In Progress
Phase III : Megan Fox & Scarlett Johansson Lingerie Pillow Fight
Phase IV : Form the new Charlie's Angels with Megan Fox, Scarlett Johansson, & Gal Gadot
Phase V : TBD

BEC : 78
REG : 87
FAR : 84
AUD : 90

World Domination Plan

Phase I : Pass CPA Exams - Complete
Phase II : Megan Fox - Initiated
Phase III : Bring back 8-Tracks
Phase IV : Megan Fox & Scarlett Johansson Lingerie Pillow Fight
Phase V : TBA

[ken2013]

hahah thank you skynet

[Anonymous]

I was the best student in my undergraduate tax class. That didn't keep me from routinely wanting to crawl into a corner in the fetal position during my tax internship the next year. Your anxiety is normal, Ken.

[fuzyfro89]

It's a constant learning experience.

I don't work in accounting any more, internal audit/consulting at a (very) large public company, and today I was expected to read/prepare summary/present 5 minute summary on revenue recognition related to our company's branded credit card that we issue… and how we account for revenue/liabilities related to several big transactions with the issuing bank.

Yeah, W.T.F. is right!

I know ASC 605, but had never read the specific paragraphs cited, the technical bulletins posted on matters that weren't included in the the ASC specifically (how to account for bonus fees paid by a new issuing bank and the support for our company's accounting treatment position), or anything else!!

Got to figure that sh*t out. Fortunately, it was brief and somewhat high level so I didn't have to start writing out the life cycle of journal entries… that would have been painful!

You'll never know it all. Even partners at Big 4 firms have specialties, since there is so much that isn't specifically codified by the FASB there ends up being a ton of judgment.

[Jsmith87]

In college, they told us that the only thing a degree proves is that you know how to research problems and find answers. You have graduated and passed a tough exam, so you probably know how to find answers.

If you're at work and come accross something confusing, then do some independent research to see if you can find the correct answer. If you spend an hour or so, then chances are you will figure it out and have learned a few things along the way.

[John Tucker]

Lol, and this is why actual work experience is a requirement. Having your degrees and certifications is one thing, but knowing how to apply that knowledge, produce consistent results, and be an actual “Accountant” is a totally different thing. A well rounded candidate that makes great money is one with both the experience and the education.

Just keep going, once you gain the experience you will be all set for life as far as a career is concerned, you can write your own ticket anywhere.

* State of MA CPA Exam Candidate
- BEC: Sunday, August 24th
- FAR: Saturday, November 29th
- AUD: TBA for February 2015
- REG: TBA for May 2015

[mla1169]

I'm going to agree with JSmith. No matter how long you are working you are going to come across things that are new and uncomfortable to you. Use it as an opportunity to increase your education even if it means going home and doing some research on your own time, enrolling in an online course, or finding a local seminar on the topic. At my last job I became very heavily involved in HR functions (because the HR person was a total flake with her only work experience as a cashier at a grocery store). Meant doing a LOT of independent research on labor laws, 401k administration, etc. But I'm glad I took the time to become a student of those topics.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[RIST]

TC: I know people who have done way worse than you. So badly that their partners (at work not in relationships XD) gossiped about how TERRIBLE they were. Of course the person was a CPA with a good GPA.

I will say this: If you recognize the deficit you are probably way ahead of the game. The person I was referring to was oblivious even though I advised them to do X, Y, and Z and so forth. Their career is down the tubes since they DIDN'T do what you are doing.

It's a platitude, but a platitude from one of the wisest men to ever live: Only the wise recognize their own ignorance.

My bet is you are going to be a good CPA someday.

[Author]

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