r/AustralianAccounting

I spent far too long today getting a reconciliation to tie out perfectly and honestly it was probably the most satisfying part of my week. No unexplained difference, no mystery transaction, no “we’ll investigate this next month” balance just sitting there. I know this probably sounds incredibly boring to anyone outside accounting, but I can’t be the only person who gets an unreasonable amount of satisfaction from seeing everything finally balance.

From what I've heard a Masters in Accounting consists of nearly all international students trying to get residency.

Also, from what I see on LinkedIn I see a lot of people who have moved to Australia to commence a Masters than to have access to the local job market. I don't think this is a good thing provided how there is already an over saturation of entry level accountants. Not to mention the housing situation.

What does everyone else think of the situation?

Digital badges, are they serious?

I wonder how much they spent to get an AI model to design these things.

Clown show.

Potentially famous last words.

Zero accounting background (high finance career) applied for exec pathway to CPA for fun, only had to sit ethics and governance to get my CPA.

Hadn't opened the text book past page 40 and decided it looked pretty simple and stopped studying, sitting my exam at 8 this morning. Which was open book...

63 MCQ 60 of those you could easily gleen the answer but looking up the key concept in the index of the text book, the other 3 required you to have looked at a supplementary document. If you're not a fast reader / able to look up things quickly, highlighting key concepts and tabs would make this miles easier.

Short answer was 4 questions where you had to explain what the bad behaviour was from the CFO and explain how the company could fix it. Having a basic understanding of ethics and risk management would make this a breeze.

While I'm definitely jumping the gun assuming I've passed, that as the only exam I need to sit to become a CPA seems ludicrously easy.

Hope everyone else sitting had a easy question bank!

For background, I’m an accountant who’s just finished their CA and work in a small business advisory and tax firm.

I’d like to begin winning work, as I’d like to eventually become a partner within this firm.

How did you initially win work when word of mouth from your exisiting clients wasn’t available? What would you have done differently if you were to start again today?