January 2011

via Facebook Roger Philipp, CPA Exam – LIVE Chat – Thursday, 1/27/2011 12pm-1pm PST:

We’re back with our 2nd LIVE chat! Now that the 2011 Exam is fully in effect, we’ve had many questions come in about the new changes. Here’s your chance to get your questions about the exam and our new course–answered live!

On Thursday, January 27th , Roger Philipp, CPA, CEO & Founder of Roger CPA Review will answer your questions in real time, right here on the Wall for this Event. You can feel free to post questions early if you want to, but from 12pm-1pm PST, Roger …will be here “live,” reading your questions and responding to them as they come in.

Definitely worth checking out if you have any questions about the exam. So far 136 people have RSVP’d.o

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Financial Crisis Was ‘Avoidable,’ Inquiry Concludes - Casting wide blame, a Congressional inquiry said bankers and regulators could have seen the 2008 crisis coming and stopped it.

The 6 Democrats approved the final draft of the report while the 4 Republicans dissent. The final report concludes that Fannie Mae and Freddie Mac contributed to the crisis, but were not the primary cause. Republicans disagree and say that government policies to promote homeownership were a primary cause.

US Rep Hensarling To Reintroduce Bill On Fannie, Freddie Wind Down

My goal is to get Fannie and Freddie off of the taxpayer dime. We have to have a housing-finance system that keeps taxpayers from bailing out failed institutions…

via Hensarling’s Facebook page

Cool. Jeb Hensarling is my hero. Although the bill will likely be shot down again, I admire his persistence.

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Found a great blog post, How to answer the question, What do you do? on Penelope Trunk’s blog.

She says the best way to answer the question (what do you do?) is to reply with a passionate answer and to talk about something you’re excited about.  Start off by saying, “here’s what I’m passionately learning right now.”

I forget how important this question can be.  Looking back, I’ve given some awful, self-deprecating replies.  One of my worst answers went something like this, “I’m unemployed. The economy is just awful right now.”  This of course caused the person to feel empathy towards my situation which they then replied, “don’t worry, you’ll find something.”  After an awkward pause, I felt the need to validate myself and told them I had just graduated and am studying for the CPA exam.  Of course, the person replied in kind, “you’ll do great, don’t worry” as they walked away.

So yeah, lesson learned, avoid negativity and talk about something I’m passionate about.

In my last interview, the interviewer asked me what I was doing while unemployed.  I told them that I was studying for the CPA exam while also working part-time as a tutor and when I wasn’t interviewing or jobhunting, I spent my free time reading.  I then mentioned an article I read about their particular niche and asked them a question about it.  This took the spotlight off of me and opened the floor for the interviewer to talk about their firm and for me to ask them specific questions their job.

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I haven’t been studying, but at least I got an interview

by gaap toothed January 20, 2011 AUD

I haven’t done much jobhunting so far in 2011. Instead, I waste most of my time reading books and asking myself questions about life. This sort of aimless soul searching has been a source of much anxiety. It’s not too bad though, I think I hammered out most those nagging feelings last fall. Also, I came [...]

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The Almost Job Offer

by gaap toothed January 17, 2011 Featured

I came across a freshly posted entry level auditor position on a local accounting firm’s website back in November. I followed the directions of the online application and uploaded my resume. In December, I received an email from the firm’s HR person inquiring whether I was still interested in the position and to forward my [...]

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Gifts for Accountants? The Inside Track to Careers in Accounting

by gaap toothed January 8, 2011 Featured
Thumbnail image for Gifts for Accountants? The Inside Track to Careers in Accounting

I think The Inside Track to Careers in Accounting, published by the AICPA, would make a great gift for Accounting students and even experienced accountants. I don’t own the book myself (too expensive), but I’d certainly love to read it.  The table of contents has some very insightful topics to questions I remember wondering about [...]

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AUD Take 2

by gaap toothed January 3, 2011 AUD
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Yup, I messed up again.  Feels awful to fall short only 3 points.  Now I will have to take AUD under the new CBT-e and prepare for increased emphasis on Auditor Independence and Ethics. Below is my scorecard from my retake: Auditing & Attestation -RETAKE Score: (56) 72 Your Performance Compared to Passing Candidates Content 1 [...]

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