incomplete blog originally unpublished

Last month, I posted about the almost job offer. Two weeks ago, I sent a follow up email and explained my expectation of an offer to the HR person. The following day, I received an official offer by email. I have until March 9th to reply back to them with my decision.

 

It’s been about 2 weeks since my Big 4 interview and I still have not heard back about their decision. I sent a follow-up email to HR on last week. I thought of following up with the Senior Manager, but my friend (internal referral) told me not to bother the Senior Manager and just wait.

 

I now find myself under a time pressure to make a decision before March 9th. If I don’t hear back from the Big4 on Monday, I’ll probably call the HR person and explain my situation. I’m still interested in joining the Big4, but would obviously hate to decline a competitive offer only to not receive an offer from the Big4.

 

Big 4 Interview recap:

First interview was with a Partner who tried to make me feel comfortable by acting energetic/full of life. Instead of feeling comfortable, I felt nervous and pushed away from small-talk. Although we did find a common interest on the topic of wakeboarding, I mostly failed as a human because of my business-robot-like personality.
[Interview length: 20 minutes]

Second interview was with a Senior Manager. This was a much better interview because, I believe, we made a connection. After the interview, he emphasized that I should feel welcome to call or email him if I had any questions. With the hope of reinforcing this connection in my thank you letter, I recalled his story about his son’s baseball game and provided a link to an endearing sports article. Days after my interview, the Senior Manager replied to my thank you letter (on a Sunday morning). He said he enjoyed meeting me and that I should hear from HR sometime next week about the decision.
[Interview length: 45 minutes]

Finally, my day came to an end when a Staff level consultant took me to lunch. We had a great conversation about his experience with the Big4 and recapped my interview. At the end, he told me to email him if I had any questions or if I need help with ‘pushing things along’.

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Avoid guessing “A” as an answer choice.  Apparently, “A” is the most commonly selected incorrect answer on the exam.  So only select “A” if you’re confident that it is the correct answer.  Guessing “A” is a bad idea the exam makers tend to put “A” as an attractive option.

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This is basically a list of introductory accounting topics that I never really took the time to completely understand or forgot:

The Accounting Cycle
Trial Balance vs Adjusted Trial Balance vs Post-Closing Trial Balance
General Journal vs General Ledger
Special Journals vs Subsidiary Ledgers

This will come in handy when you start Gleim Study Unit 5: Internal Control – Sales/Receivables/Cash Receipts Cycle and Gleim Study Units 10-14 on Evidence.

Here’s a short list of things I don’t understand:
Audit Plan vs Audit Program – What the heck is the difference??  I’m sure there’s an annoyingly obvious (stupid?) explanation.
An audit program is a listing of audit procedures to be performed for specific areas to test assertions?  Meaning that an audit program is part of an audit plan?  So an Audit Plan is all the procedures, while an audit program is designed for specific areas?  Screw it, I don’t care.
Billing (Sales) Register – My guess is register = journal, so Sales Journal?  I’ve only seen “register” used in only 1 practice question so far.

Bill Lading works for the post office.

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Passed BEC

by gaap toothed May 21, 2010 BEC

I got my BEC scores in today… I passed BEC with an 80. Business Structures – 15hrs Economics – 10hrs Financial Management – 10hrs Information Technology – 10hrs Planning & Measurement – 3hrs I guesstimate that I  studied about 40-50 hours total for BEC. While studying, Business Structures seemed so simple and straightforward, but of [...]

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Which exam to take next?

by gaap toothed May 19, 2010 tips for success

My FAR (and possibly BEC) score should be posted by next Friday.  If I fail FAR, then I will re-take it in early July.  If I pass FAR (and BEC), then I must choose between studying for AUD and REG. I’ve read that most people suggest studying 3-4 weeks for AUD and 6-8 weeks for [...]

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Falling behind on BEC

by gaap toothed May 3, 2010 BEC

I’ve definitely fallen behind on my BEC study schedule.  Mainly because I switched from Yaeger to CPA Excel.  I stopped using Yaeger after Module 41 – Disk 3 because I didn’t learn anything from Michael. I want to finish CPA Excel, but I’m worried about time with only a week left until my exam.

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Gross Margin vs Gross Profit

by gaap toothed April 1, 2010 FAR

Gross Margin MethodUsed to estimate Ending Inventory to convert Sales to COGS Gross Profit Rate on CostGM% = GP% = Margin on Sales = Sales – COGS / Sales  =  GP%  / 1 + GP% Mark-up Rate on Selling Price      MU% = Margin on Cost  = Sales – COGS / COGS = MU% / [...]

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