Jokes about Big 4

Sharing the following jokes with you only:

Your alarm rings, signalling another brand new day. You get up, looking
forward for another new day of challenge, another new day to learn.
After washing up, you put on your office outfit, giving you that
professional look, one that you believe many out there envy. Breakfast
follows (perhaps), and you head off to your office. You're one of the
earliest to arrive, ahead of all your superior and when they come in
later, they greet you and you feel all charged up for another productive
day. Plenty to do and learn and hence, you are prepared to stay back
late to do all that is necessary.

If you're currently doing a degree in finance, accounting or law, the
above is probably what you've been waiting for all these years. You work
your ass off (well... most of you) in university because it's your dream
to join one of those big glamorous firms out there in the market.
Lawyers and accountants are the usual suspects for this curse. Once
graduated, all of them will run like headless chicken towards those big
firms. If you're an accounting student... you want to be an auditor in
one of the Big-4 right?

Well, if you do make it, it's like a dream come true. In such firms, you
get a personal computer, maybe a notebook (wow!). All your stationeries
are free, and it's also the first time you step into a 'pantry', where
you can make your own coffee, just like those nice offices in TVB
series. Next, you get an exclusive e-mail, the domain after your name is
not the ordinary @ gmail.com or @hotmail.com
or @ yahoo.com ... No, it's
not, it's your-name@a-big-and-glamorous-firm.com
. You can't wait to tell
that to your friend.

Then comes the feeling of giving a business card with your name on it,
and it's not any other business card, it's one with your name on it,
it's one that signifies you're an employee with
a-big-and-glamorous-firm. And... the word below your name is not a lowly
"accounts executive"... the word below your name is exclusive... the
word below your name is... "Associate". And when your friend gives you
the "Wow, you're an associate with this firm?"... you get into instant
orgasm.

3 or 6 months into your job, you will then be experiencing the euphoria
of saying... I-am-very-busy... I-have-a-lot-work...
I-worked-till-very-late-last-night...
I-can't-make-it-for-the-gathering-cos-I-have-to-work-this-weekend. Yeah,
it's an euphoria because to you, it's a privilege to be busy, it's very
cool to work late, you're very proud to work in during weekends. When
you utter such words, a sense of arrogance and pride radiates from you.
You feel great because working so hard means you learnt a lot of things,
those not in the professional industry somehow looks lowly to you. You
feel big, you feel you're a level smarter than them .Reality will tend
to sink in within 2 years or so, though the duration seems to be getting
shorter and shorter now with the younger generation.

First, you will probably ask yourself, how come a graduate like you must
do all sorts of donkey jobs such as photocopying, checking invoices,
going through pile and pile of documents and filing. You will also be
wondering how come your superior whom you once looked up to have to suck
up to clients. Oh yeah... most all clients are unreasonable.

If you're an accountant, you will probably realise that there is no such
thing called a 'balance' sheet. It's balanced because you did the
balancing act so that your big boss can sign on it and certify it as
'true and fair'.
Yeah... signing on accounts, the job that you once dreamed of... isn't
exactly all a bed of roses. You then realise that you will probably
never reach that "just-need-to-sign-only stage" but hey... it's ok, you
probably hate that job by now. When you tell your client something,
chances are you are just as blur and confuse as them. But you have to
act as though you're an expert because you're the con-sul-tant. This is
just a glimpse of it.

Now, all the late nights and irregular meals will probably caused you to
age 8 years in 2 years. Those I-am-very-busy... I-have-a-lot-work...
I-worked-till-very-late-last-night...
I-can't-make-it-for-the-gathering-cos-I-have-to-work-this-weekend will
take its toll on your body and it will show. You will probably look very
skinny... or very far... you will certainly look old and worn out.
Working late and spending weekends in the office is no longer a cool
thing but absolute stupidity. But hey... you will still have to do it,
because there's still much work to be done.

By now, all your friends who ended up as salesmen or doing other thing
except being a professional, those whom you felt superior to are driving
anything but a proton. But for you, it's time to think whether you
should buy a proton cause your perodua is beginning to give you problem.
Of course, if your father is well-connected fella, things can be
different.
But if you're not, tough luck. You'll be wondering how come you're
generally under-paid. Those exposure and learning curve that you once
craved are no longer relevant. You want to make more money. But unless
you're a partner of the glamorous firm, money can be a lil tough to come
by.

At this point of time, probably after 3, 4 or 5 years, you finally
realised that document you signed when you first joined the glamorous
firm was nothing but lies. Then, you decide to ply your trade in the
commercial world, you leave those glamorous firm. You think joining a
commercial firm will bring about a good change, not knowing that such
move means you switched from being a 'profit centre' to a 'cost centre'.
One of the main effect of the switch is that you will be working doubly
hard compared to the profit centre, which probably includes a lot of
late nights too... but your salary and bonus is much lower compared to
profit centre. What does this mean... a story for another time.

One thing for sure... your morning will now be something like...

Your alarm rings, signalling another day... another weekday. You get up,
after snoozing the alarm a million and one times. You hope today is
Friday, but it's not, and you feel like shit. You think of a million and
one reasons to take MC, but you realised you have to go to office
because you failed to finish the report due today though you stayed till
10pm last night. You tell yourself you need to change job, just like how
you have been telling yourself in the last 1 year. Once in office,
you're in a dilemma cause you want time to go slower so that you can
finish your work but yet, you want time to go faster so that you can
leave the office and go for lunch.

During lunch, you will b**** with your colleagues about work and
probably the bosses. You will all talk about so many people who seem to
be doing so well except for you. You realised you should have done
something else while in university. You realised you may have made a
mistake in life... a mistake in being a professional... you have made...
a professional mistake.

#87- Disposing capital-intensive business

What's happening in the corporate world now?

Capital-intensive require heavy investment of resources, including, but not limimted to: cash, human resource,management's effort, etc. As part of the restructuring exercise to scale down, there are evidence that a lot of corporate are disposing off capital-intensive business.

How would disposing capital-intensive business benefit the corporate?

- immediate liquidity ( i.e. proceeds from disposal)
- better working capital management
- allow management to evaluate other business opportunities
- lesser resources are required, which allow the business to scale down
- higher return on asset ("ROA") ratio

However, it's always not easy to dispose off a capital-intensive business unit/ busines during this business environment, unless a substantial discount is given to the potential buyers.

Why Accounting In MBA Is A Coveted Specialization Program?

Accounting MBA is a popular as well as profitable management label career in the present corporate world. These days, increasing number of students are opting for a career in accounting and people, already in this stream, are looking forward to develop their skills by enrolling into different professional courses.

In such a scenario, accounting MBA is the perfect choice for people who want to create their own identity in this sector. In fact, it is the ideal way to build a successful career in accounting administration. The accounting MBA program also has many other related career fields such as financial management, accounting, accounting administration, etc.

Different Branches of Accounting MBA and their Functions in Business Organizations:

Accounting is related to the service activities of an organization that are principally related to finance and economic entities. The function of accounting executives is to provide useful information that is crucial for making financial decision and making reasoned decisions from diverse courses of actions. Different branches of accounting have different purposes in the business organizations.

For instance, financial accounting is one branch of accounting that is primarily related to process financial information on how businesses are recorded, summarized, classified, interpreted and communicated. Management accounting, basically, deals with the information used within an organization that is accessible only to the authorities. Tax accounting is the field related to accounting management of an organization that complies with the authorities of tax regulations.

Scope of Accounting MBA:

The huge demand of skilled and trained professionals in the field of accounting make the program a popular career options for many job aspirants. The program can create many opportunities for people who are in the field and want to grow with their skills. Individuals with professional qualification in accounting MBA have various opportunities for working as managers.

Accounting managers are high in demand in every organization and in every industry. A degree in accounting MBA can widen your scope to bag better jobs with hefty salaries even in recession period. The designations of an executive with accounting MBA degree may vary anything from accounting manager, corporate controller, chief financial officer, cash manager to management consultants.

How Can Accounting MBA Programs Help you?

Accounting managers in the corporate sectors are responsible for tax reporting and management, and developing income statements. The professional accountants in the public accounting companies perform the job of independent audit or tax consultants. An accounting MBA program offers you the exact coursework required to manage the accounting needs of an organization.

The MBA colleges in India provide strategically developed programs that cater to the need of business organizations in different industries. The programs in the B-schools include learning financial assessment and reporting, planning, implementation, tax management and risk management. Completion of accounting MBA program helps you develop detailed and practical learning about the business organization.

These days, recruiters are in dire need of managers who are dynamic and comfortable with working in areas such as marketing, finance and management. A career in accounting MBA can give you extensive opportunities to meet the demands of the recruiters.

Visit BMAIndia.com for further details.

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The author is a lecturer of business management; working in India with a business school. He writes frequently in business magazines to help students of management; he also has several years of industry experience behind him. Check Accounting MBA for more information.

Pursuing a Career in Accounting

Accountants are the people who are delegated the responsibility of auditing and accounting the financial activities of a business. Some of the accounting activities they undertake include payroll, tax compliance, overseeing books and others. If you believe that you are good with numbers, then consider taking accounting courses. It could just be the start of a lucrative and an exciting career path. Accounting courses include a study of the all aspects of accounting including auditing, cost accounting and such topics as corporate and individual taxation. It will also be necessary to hone one’s skills in the use of accounting information systems. If you are thinking of a career in this direction, it will require you undertake a four-year degree or even more to be a certified public accountant. Today however, there are many accounting courses online programs that allow you to take even one or two years of online account coursework and get you ready for a para-professional accounting position in either taxation or in auditing. One of the accounting courses that are available is book keeping. This involves keeping track of financial records that includes such things as debited and credited accounts and updating the company’s general ledger. Book keeping is essential since it ensures that the trial balance document balances with the debit and credit balance accounts. Before the company’s account can prepare any financial statements, these two documents must tally. Book keeping also involves keeping track and preparation of invoices and the updating of inventory accounts. Another of the accounting courses available is a specialized branch of accounting called financial accounting. This coursework allows one to keep track of a company’s financial transactions. These transactions are then summarized and presented in a financial statement. Financial statements are usually issued on a routine schedule and are considered external since they are widely circulated among the primary as well as the secondary recipients. These statements provide enough information to help others assess the value of a company. Other accounting courses include payroll accounting, managerial and cost accounting. Payroll accounting courses include the study of payroll-related accounts such as salaries, wages, bonuses, social security costs, state income taxation among others. Since payroll accounting includes items that are subject to state and federal laws, a study of certain laws is necessary as part of the accounting courses. There are many online accounting courses being offered and many organizations recognize them just as traditional certifications. Check out what they have to offer and you may just be on the road to an exciting career in accounting.

Author Resource:- p>Gary has been writing articles for about 6 months now. If the subject is something he likes, he writes about it. You can also check out his latest website on Water Cooler Dispensers

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3 Most Wanted Tips to Start Your Accounting Career

When it comes to the most well paid jobs, the finance jobs are the ones to look for. A career in accounting is more satisfying along with well paying. According to different statistics, the demand for accounting professionals has reached its peak through the recent years. People have a misconception that, in this nose dived economic conditions, the accounting career has no charm. According to the market research professionals, the need for accounting professionals is really need during the current economic condition. Nevertheless, surviving in the career and moving to the next level of the accounting career depends on several factors. Just keep reading on the article to know the 3 most wanted tips to kick start a successful accounting career.

Choosing the Degree program based on your current Job condition

There are various kinds of accounting degree programs available online today, associate’s degree and diploma programs. You should select the type of accounting degree based on the availability of time and your work conditions. Online accounting degree programs will be the best option if you have only a limited time to spare. It is always good to go for Associates Degree program in accounting if you want to gather lots of knowledge. Joining the associates degree programs in accounting will help you to shine in your career.

Selecting the Location

The fact is that the associate’s degree programs in accounting are available everywhere. However, when it comes to the best quality education, the associate’s degree programs available in the training schools of Washington DC are the ones to look for. The associate’s degree will prepare the candidates with the essential skills required for a successful Para-professional accounting career analyzing transactions, preparing journal entries and managing a company’s payroll or books. The well experienced faculty of the training schools of Washington DC will teach you the knowledge required to shine in an accounting career.

Accreditation and career support

Though there are many Accounting training schools around Washington DC, not all of them are nationally accredited. It is very much important that associates degree you choose for getting ahead with the accounting career should be nationally accredited. It has to be noted that, only nationally accredited training colleges will be able to make the candidates appear in the CPA exam. Once you complete the associate’s degree and pass the CPA exam, you can get into an accounting career with ease. Getting trained in the best colleges will let your career grow rapidly than you expect.

Bottom Line

Once all the three factors mentioned above fall in place, you can get an aspiring accounting career in no time.

About the Author:
Potomac College offers a Bachelor’s Degree in Accounting. This is an opportunity to learn an advanced program in accounting who wish to earn a master’s degree and advance their career. You can finish your program of studies quickly and receive the career training. Apply now!