Відео

how's the scope of CPA in europe ? for eg Germany?

That extra money will go to the executives haha

If the CPA firms are worried about declining enrollment in accounting, they have no one to blame but themselves. Overworking and underpaying employees is a sure-fire way to drive prospective people away. Not too hard to figure out.

In Roman times many slaves did accounting and bookkeeping jobs. Public Accounting is just a modern version of that. Between outsourcing, AI, and the horrible work / life balance why would you even consider this career? This is coming from a 31 year old with a bachelor’s in Accounting.

AI

Every time I look into careers there are always videos like this. At the risk of sounding like a d**k head, why should I listen to these recited statistics?

As you've hinted, demographics in the US has been big factor. The industry could abuse the numerous baby boomers competing for the same opportunities. The succeeding generations are less numerous.

CPA is not a good return-on-investment. Rather get certified in AI, Google Adwords, financial crime examiner, or cloud cloud computing,

in 20 years i believe accounting will be completely AI...the reason is that anything with standardized rules (think GAAP...etc) can be programmed and will therefore be a candidate for AI.

AI will make most of the work CPAs do irrelevant. Only high-end clients with complex tax returns or audit requirements will need CPAs. Also, younger people aren’t motivated to go into accounting seeing how many jobs get outsourced to India & Philippines. There’s going to be a lot of people that will lose whatever money they put into the partnerships, etc. because no one will buy them out. Don’t forget CPA firms are basically a Ponzi scheme, so they need new people coming in to buy them out.

How long it can take to do cpa

More videos and shorts Joey. Really liked your live because we got to see a different side of you; ontop of the accounting content.

I like this attitude. Yes it's boring, tedious and the tax seasons suck but there is an opportunity to earn a good salary since nobody wants to do this. In the past 2 years I have gone on 7 interviews and all of them offered me well over $100k.

My dad got in by saying i know algebra and a firm handshake.

Because accounting stinks!

Fewer

What was ur starting salary after cpa?

I double majored in Finance and Accounting. I graduated with a B.S. with 153 hours (way before the 150 hour requirement). Passed the CPA on my 2nd try and currently uncertified. Never worked for one of the public accounting giants. There are plenty of jobs in the accounting industry. If work/life balances are important - look at Federal, State & local government positions. You'll never get rich, but you won't burn yourself out either. Looking back, I wouldn't spend any effort on an undergrad Finance program. If finance is your target, look for a Masters at one of the top MBA schools - Wharton, Stanford, Harvard, etc. Cost Accounting ( See DCAA) is a great audit and financial analyst training ground. Tax is a building block - you can get real experience in tax just through HR Block. The big firms with their audit teams need people who are detectives and who understand accounting theory. If you truly want to be in public accounting - you must be a detective and a people person and understand when people are trying to con you; otherwise there are many, many non-public accounting jobs out there that need people with number processing skills. The undergrad accounting education environment does NOT prepare one for success - it teaches you how to pass a difficult test. If you really want to succeed as a CPA, you must be able to write coherently. The written questions on the exam must stay. If you want to learn business - simply work in a large retail store environment before beginning any MBA program. The bottom line: Being a CPA means you have a very wide range of skills, experiences, and fortitude to provide a client with accurate, meaningful and sometimes negative advice on possible choices of action in any given situation. You also need to ensure that your advice will stand the test of the court room.

Overworked employees are going to be over-overworked. GL.

Our company took 9 months to fill 2 positions in accounting. Wages needing to go up on starting pay. I don't think so. We fired 2 out of 5 new hires. They did not know accounting and what it was all about. So why should we pay more. Their work ethic and education was bad.

I get heart palpitations seeing those review books… thank goodness those days have passed 😂

Yeah❤

it's like this in so many industries. companies dont train young people anymore. they expect them to foot the bill for a $100k education and then throw them to the wolves to work 80 hours a week doing things they have no idea how to do. the boomers really really really ran this country into the ground.

Can you put the rule in the comments?

AI will be your competition.

Something that also helped my career was working at a big 4. When I left to go to industry, pretty much every person interviewing me seemed to have only care about that. Even recruiters representing me were super happy about it because that’s apparently what a lot of companies were looking for. This was also before I had a CPA. I have a CPA now, but felt the big 4 experience made things so much easier for me to get jobs. This whole time, I was thinking I could go through my career without a CPA, but realize that I just have to get it. Can’t imagine being a controller of a company and not having a CPA. That just sits wrong with me in my opinion, but I know that’s possible.

I’ve been so discouraged. I just graduated and it’s been really hard finding a job while I study for the exams

Well, this gave me the motivation I needed to stop slacking and resume studying for FAR haha

Long hours, low pay, and accountants make terrible managers. They are cheap, mean and these introverts don’t like people. 30 years of experience. I retired 53.

Forty hour workweeks must be not just standard in the industry , but protected. No evenings, no weekends, unless it’s entirely voluntary and richly compensated.

There will always be human accountants, but fewer of them. Some of that will be driven by demographics. The real tell in the Big 4 firms is if (or when) everyone gets a dedicated AI agent assistant (as opposed to a pooled resource). Employees will tune their agents and essentially train their potential replacements. All will not be replaced, but many will. The WEF is composed of the largest, wealthiest, and most powerful business entities and governments. Its 2025 future jobs report shows accountants and auditors as one of the largest job loss occupations from 2025-2030. An AI center larger than most of Manhattan is under construction. An apocalypse is not coming, but the herd will be thinned. People cannot “move up” into a position that no longer exists and cannot remain in one that they trained an agent to do.

Cpa is worst ROI! Terribly regulated and even worse protected. 150 credits, but they could be in music history for all that state boards care. 1 to two years of experience required but no one provides or regulates that experience. 80 CPEs are ridiculously high.

CPA s simply facilitate governmental theft from individuals

🎵"I might swerve, do my homework Wooahhhhh"

ion got siri bruh

I heard people getting rejected for being overqualified for having a CPA. Mixed signals

It's like a lot of fields. Some are good at it and some aren't. Personality and mindset play big part. Pay depends on how many zeroes you're dealing with. It's a good field, will stay a good field. Won't get rich, but will be secure and comfortable. Definitely worse jobs out there

I am an interntional student pursuing my accounting master's, I have 3.9 GPA, I applied for accounting internships, I got rejected for interview , all of them. I am in panic that I will not land an accounting job after spending so much money study for my accounting master's... can anybody here help me land at least accounting internship? I am in Maryland

They say busy season is 3 months but there is interim busy just before busy which is 3 months. So in total 6 months on a single client. Like this you can have 2-3 clients and you will be fucked. Leave asap.

It's the exact situation I m in rn.!

what are those smaller books?

mm Breaking Bad C10H15N

All a tax preparation firm needs is software and a data entry clerk.

Accountant but not CPA here. Not really sure if I even qualify for the test and if I qualify for the test I don't know if I could pass the thing. So more money out the window and no clue if that will lead to a better salary even if I pass the tests. I have had enough of school so not going back.

Can someone please guide me what the CPA program looks like? Is it online? I work full time from 8 to 4pm in the same field. Can I still attend the class or course?

we dont need taxes or accountants

Great video!

Inspiring quote , thanks a lot 👍❤

Is it possible to work as a financial analyst with bachelors in accounting?

The Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) of 2018 basically rolled back Dodd-Frank. basically told us to screw our ethics since they don’t care abt internal controls or governance. plus - if congress members actively participate in insider trading - why would we put our license at risk for anything