HUGE!!!!!!!! Accounting is the Master Race

[oreogasm]

My experience from working in an Accounting department (I am in IT though) is that they ask too many questions about the origin of a source, and they like to only see the primary source of a financial data, not secondary or tertiary.
And they are old fashion, they rather deal with Excel and hard copies then software like Power BI.
And they also rather look at straight numbers than look at a visual graph in order to look for trends.

[oreogasm]

I agree, but it's a hierarchy.

Accounting

tradesman

..... (Nearly everything else)

stem

marketing

Not going to college

...(Liberal Arts)

Order is debatable, but accounting will always be at the top.

Look man, I know your brain may have trouble understanding that accounting is the master race, but I will eventually have an open position for you after my fellow master race gets jobs.

Would you like to be a secretary or coffee boy?

A stem can easily do accounting but an accountant can't do stem.
You guys deal with basic math.

"C'mon man !" - Biden

[Polaris]

I don't know about that, it seems to be pretty damn saturated - and its definitely one of those fields where there is that - everyone wants experience, but no one wants to give it to you (that's pretty much everything these days though).

Have a Masters in Accounting and work in a different field. I've never even had an actual accounting job, though I did get offered one right around the time I accepted my current position.

[Glutebrahhh]

True but here's the thing. Accounting is literally debit and credit. Anything complicated was simply invented by someone, likely to make it so accountants are "needed" and relevant. Sure you need auditors to check that companies aren't frauding, but audit in its current state is a joke.

I think you've got it backwards there champ. Higher order accounting evolved out of the need to accurately measure/record the development of financial dealings - primarily through tax, but also in general business.

Also, can you elaborate on the current state of audit?

[Microshaft]

Honestly, you are not alone. It does me proud to see people like you admitting their faults.

While you may not be as smart as an accountant for picking a useless degree related law enforcement, you are above the ranks who stick by their useless degree.

You will definitely get a promotion to senior janitor if you send me your resume.

OP have you actually graduated and worked as an accountant lol

[sooby]

My experience from working in an Accounting department (I am in IT though) is that they ask too many questions about the origin of a source, and they like to only see the primary source of a financial data, not secondary or tertiary.
And they are old fashion, they rather deal with Excel and hard copies then software like Power BI.
And they also rather look at straight numbers than look at a visual graph in order to look for trends.

must be talking about auditors brah? would make sense why they would like to see the primary source. There is specialized auditing software they use. I've used PowerBI before, seems pretty nice but will admit am not an expert user of it.

graphs can be misleading sometimes, would rather see the numbers and look at the exact percentage changes, can be useful for big picture and perspective however and to illustrate points to other corporate decision makers.

[AccountingMajor]

Did a finance brah smash your gf OP?

Is that why you changed your username from Beancounter to meanstringbean?


Sad story

all finance majors started off as Accountantingmajors (refer to my username)
All finance majors at my school dropped out of when they couldn't pass intro to Accounting.

Making the switch to finance was the only chance they had to not be complete disgraces to the college of business.

[oreogasm]

OP sorry to say that you may be out of a job in 10 to 15 years.
I got hired as an Automation Specialist in a companies accounting department in order to automate work which would lead to reducing the man power needed in the accounting department.


Thousands of Deutsche Bank staff could lose their jobs as the German financial services giant replaces “people behaving like robots” with robots acting like people.

CEO John Cryan is reported to have told an audience at a conference in Frankfurt that a “big number” of the bank’s staff will lose their jobs as a result of new technology taking ove. The bank has around 100,000 employees.
He accused accountants as being like abacuses, saying the bank “won’t need as many people”.
“In our banks, we have people behaving like robots doing mechanical things. Tomorrow, we’re going to have robots behaving like people,” he added.

https://www.computerweekly.com/news/...aced-by-robots

[SillieBazzillie]

accounting master race checking in

conducting DCF analyses while smashing GF at home crew as we speak

Hopefully it takes you longer to smash your girl than a basic discounted cash flow analysis.

[AccountingMajor]

CPA checking in. Went back to grad school to study finance and strategy because accounting is incredibly mind numbing.

Only a "can't-Accountant" brain would think describe god-tier Accounting as badly as you have. Heresy.

If all you're doing is memorizing and copy and pasting without understanding it. Someone else would find it boring too.

It's because the topics are too big for your understanding. Maybe stick to sesame street, that's more your alley.

[oreogasm]

must be talking about auditors brah? would make sense why they would like to see the primary source. There is specialized auditing software they use. I've used PowerBI before, seems pretty nice but will admit am not an expert user of it.

graphs can be misleading sometimes, would rather see the numbers and look at the exact percentage changes, can be useful for big picture and perspective however and to illustrate points to other corporate decision makers.

True. Then again, I once did some KPIs for a Finance Director and it blew his mind when he saw some of those KPIs in the form of a graph. Literally this guy had never seen something like an Acid Test in graph form.

[Microshaft]

I think you've got it backwards there champ. Higher order accounting evolved out of the need to accurately measure/record the development of financial dealings - primarily through tax, but also in general business.

Also, can you elaborate on the current state of audit?

There's many articles online criticizing audit in its current state. Most noteworthy to me being that audit only detects fraud 10% of the time, that is to say, 90% of the time when fraud is uncovered, its source did not come from an audit engagement. Further, the big4 have longstanding relationships with their clients. They also provide consulting/advisory services to these clients, which often accounts for the majority of the revenue earned. You can't seriously tell me with a straight face audit can still be objective given the foregoing.

As for higher order accounting, sure maybe classifying schit in a more "accurate" manner gives a better presentation of the financials. But such contribution to the financial world is vastly overstated. We could go back to using much more basic accounting rules and I'm positive not much value would be lost.

[N0stradamus]

UCLA, Bachelor of Science Applied Mathematics with a minor in Accounting

......employed as a Finance/Accounting Manager.... it's a field where you can make decent money but I really have to question how long someone has worked in finance if they glorify it.....

Finance/Accounting is a stressful, frustrating and soul-crushing job. The numbers and mathematics are simple, what makes the job difficult is dealing with people.

As for money, the money is decent in terms of actual figures, but relative to the amount of work that's required the money isn't nearly enough.

I can assure you that a Director of Finance makes less than the Director of Supply Chain or the Director of Sales or the Director of Engineering......

That's because the Finance/Accounting department is a "General & Administrative" expense, which is an expense that doesn't drive revenue, which is why corporations strive to keep G&A departments as low cost as possible.

The Supply Chain guys, Sales guys and Engineering guys can negotiate higher pay because their salaries are directly related to the design, production and sales of the product. Corporations value those guys a hell of a lot more than a finance guy....

With all due respect, I'm guessing OP is a newcommer to the finance/accounting game which is why he's so overly enthused about it..... anybody that's worked in this field for a long period of time is usually jaded and cynical as fcck....

[AccountingMajor]

What's your manager's number? I would like to develop a blockchain app to replace your jobs for less money.

People who have never heard of Accounting are fascinated by blockchain.

It's the same thing only Accountants do it better.

[AccountingMajor]

I’m a CPA.... it’s a decent career and pays well but I can’t in good faith claim master race because the hours suck ass.

The hours are high because you are THE MASTER RACE. Please don't be a "cant-Accountant" and attempt to soil the good name of Accountants.

Do you thinks God sleeps? You are the closest thing to a god in the human race.

[numberguy12]

Mathematics >>>>>

(no hate.....I just cannot see how anyone finds accounting “interesting”. It’s needed and all that, but the material is about as boring as anything comes).

[oreogasm]

The hours are high because you are THE MASTER RACE. Please don't be a "cant-Accountant" and attempt to soil the good name of Accountants.

Do you thinks God sleeps? You are the closest thing to a god in the human race.

I think you mean "Accountcant".

It's ok if you lack the creativity to have thought of it, brah.

[AccountingMajor]

there are also opportunities for advancement, promoting coffee boy to purchasing manager of creamers and sugars as we speak

Won't be able to do that. He will most likely think the creamers and sugars are for him and eat it.

The brain-drain from being a "cant-Accountant" is a liability (only Master Race Accountants will understand the pun, didn't want to bust a brain for you all)

[AccountingMajor]

I am accounting crew

You should be sent to the firing squad then straight to the gallows for your crimes against the Accounting Master Race.

[wave_length]

As long as you don't own the institution you do accounting at, you're not a master of anything.

[2am]

OP is the aleeboy of majors

[I3igAl]

Accountants are the tradies among college majors.

[Microshaft]

UCLA, Bachelor of Science Applied Mathematics with a minor in Accounting

......employed as a Finance/Accounting Manager.... it's a field where you can make decent money but I really have to question how long someone has worked in finance if they glorify it.....

Finance/Accounting is a stressful, frustrating and soul-crushing job. The numbers and mathematics are simple, what makes the job difficult is dealing with people.

As for money, the money is decent in terms of actual figures, but relative to the amount of work that's required the money isn't nearly enough.

I can assure you that a Director of Finance makes less than the Director of Supply Chain or the Director of Sales or the Director of Engineering......

That's because the Finance/Accounting department is a "General & Administrative" expense, which is an expense that doesn't drive revenue, which is why corporations strive to keep G&A departments as low cost as possible.

The Supply Chain guys, Sales guys and Engineering guys can negotiate higher pay because their salaries are directly related to the design, production and sales of the product. Corporations value those guys a hell of a lot more than a finance guy....

With all due respect, I'm guessing OP is a newcommer to the finance/accounting game which is why he's so overly enthused about it..... anybody that's worked in this field for a long period of time is usually jaded and cynical as fcck....

that's me lol

[N0stradamus]

As long as you don't own the institution you do accounting at, you're not a master of anything.

As a Finance/Accounting manager, I must salute this comment because this is some straight up facts.... if you're an employee you ain't master of sh|t......

[sooby]

There's many articles online criticizing audit in its current state. Most noteworthy to me being that audit only detects fraud 10% of the time, that is to say, 90% of the time when fraud is uncovered, its source did not come from an audit engagement. Further, the big4 have longstanding relationships with their clients. They also provide consulting/advisory services to these clients, which often accounts for the majority of the revenue earned. You can't seriously tell me with a straight face audit can still be objective given the foregoing.

As for higher order accounting, sure maybe classifying schit in a more "accurate" manner gives a better presentation of the financials. But such contribution to the financial world is vastly overstated. We could go back to using much more basic accounting rules and I'm positive not much value would be lost.

the main function of auditing isn't necessarily to detect fraud though.

it's to provide public stakeholders assurance that financial statements are mostly accurate and not significantly misstated. Which could be a result of fraud but also due to poor controls, poor accounting policies, direct incentives to make certain numbers look good, etc. There's also very specialized auditing services for specific businesses that say need to meet very specific regulations, perhaps requested from banks and lenders in order to secure loans.

agreed with the consulting/advisory services and sometimes the stuff can be politics/money

wasn't the pentagon audited awhile back and they uncovered a whole bunch of chit?

[anonymous]

Accounting is a pretty big field mang.

Some areas are good, some are ****e.

[AccountingMajor]

I don't know about that, it seems to be pretty damn saturated - and its definitely one of those fields where there is that - everyone wants experience, but no one wants to give it to you (that's pretty much everything these days though).

Have a Masters in Accounting and work in a different field. I've never even had an actual accounting job, though I did get offered one right around the time I accepted my current position.

It's pretty damn suturated because many "can't-Accountants" want to pretend and play Accountant z so they major in it with their 1.95 GPA and zero work experience (not even a job at McDicks) and wonder why they can't get a job. People like me who graduated with multiple internships and a 4.0 GPA are real Accountants.

You were probably rejected because they could tell your were a "cant-Accountant". Every "cant-Accountant" pulls that excuse. "I was offered an Accountant job, but turned it down."

Please, we all know everyone wants to be an Accountant.

[sooby]

It's pretty damn suturated because many "can't-Accountants" want to pretend and play Accountant z so they major in it with their 1.95 GPA and zero work experience (not even a job at McDicks) and wonder why they can't get a job. People like me who graduated with multiple internships and a 4.0 GPA are real Accountants.

You were probably rejected because they could tell your were a "cant-Accountant". Every "cant-Accountant" pulls that excuse. "I was offered an Accountant job, but turned it down."

Please, we all know everyone wants to be an Accountant.

fukn lol boyo

[nothingshocking]

Only a "can't-Accountant" brain would think describe god-tier Accounting as badly as you have. Heresy.

If all you're doing is memorizing and copy and pasting without understanding it. Someone else would find it boring too.

It's because the topics are too big for your understanding. Maybe stick to sesame street, that's more your alley.

[frutistafreeze]

Been working in Accounting for the past 5+ years. Work for one of the largest firms in the states. It's fuarking miserable and I sure as chit hope I am not in this field in another 5 years. Sure it has a high earning potential but the people in the field are all miserable awkward cucks. Can't allow myself to spend this one single life I have rotting away under fluorescent lights crunching numbers all day.