Become a CPA?

[Anonymous]

Anonymous wrote:There isn’t much nuance in accounting. People would be wise to avoid a career so exposed to AI infiltration.

Says a non-accountant. There's actually a lot of human judgment needed in certain situations.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There isn’t much nuance in accounting. People would be wise to avoid a career so exposed to AI infiltration.

Says a non-accountant. There's actually a lot of human judgment needed in certain situations.

A single person can verify AI output that used to require 20 accountants to generate.

[Anonymous]

Another issue to consider: Will a Big 4 or other major accounting firm hire an inexperienced 48 or 49 year old newly minted accountant/CPA ?

Probably depends on value of that individual's prior work experience.

[Anonymous]

Anonymous wrote:Couple of comments:
- you can become a CPA without being in public. Not every state requires it. Does anyone really care if you are licensed in Nebraska but live in Tennessee? As long as you are not signing for audits?

- in industry, accounting is a cost center. You are not bringing sales in. The CFO, corporate controller, and a couple of others do well, but others are considered an expense.

The real money these days is providing advisory services with your own firm

.

Is this a job for CPAs? Tell me more please.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There isn’t much nuance in accounting. People would be wise to avoid a career so exposed to AI infiltration.

Says a non-accountant. There's actually a lot of human judgment needed in certain situations.

A single person can verify AI output that used to require 20 accountants to generate.

Example of an output that requires 20 accountants to generate currently?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There isn’t much nuance in accounting. People would be wise to avoid a career so exposed to AI infiltration.

Says a non-accountant. There's actually a lot of human judgment needed in certain situations.

A single person can verify AI output that used to require 20 accountants to generate.

Example of an output that requires 20 accountants to generate currently?

F500 audit

[Anonymous]

[mastodon]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:CPA was the pursued degree of the 1980s but no longer the golden ticket to $$. Yes, some senior level CPAs (think comptrollers, CFO, finance directors) can earn good $$ BUT most CPAs today DO NOT earn that much. Other CPA who earn high $$ own their own boutique firms. I know so many who will take a temp job just to get foot into the door and then aspire to earn $120K max. The higher level jobs with corresponding high $$ comp are few and far in between - the exception, not the norm.

I’m a CPA and many CPAs I deal with clearly studied to pass the test and don’t actually have the analytical skills and knowledge to do their jobs that well. I am a higher paid CPA. I wouldn’t recommend going into it at 40+. It takes years to develop the job experience and knowledge.

So glad you posted this. I am 47 years old with a masters degree in math. I currently work as a data specialist for the MTA in NY. I make less thank 100k in NYC.

I was thinking of changing to anything. I first got excited when someone posted that for $13k you can complete all required courses online in 1 semester and summer. Then your post gave me a reality check. This is one for old folks like us trying to change career.

Have you considered earning a master's degree in AI/ML ? High demand & much better pay than you are currently earning.

Your reluctance to answer the basic questions that I have asked is concerning. Are you serious about making a career change ?

How do you survive in NYC on less than $100, 000 per year ? (Assume that you are in a dual income producing relationship.)

A first year accounting graduate (age in early 20s) at a Big 4 accounting firm in NYC should make a base salary of around $100,000.

Do you mean a first year worker who has a bachelor's degree in accounting in a big 4 firm in NYC actually make a base salary $100K? Can anyone confirm?

My daughters friend started at 120k at PwC

[Anonymous]

Anonymous wrote:[mastodon]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:CPA was the pursued degree of the 1980s but no longer the golden ticket to $$. Yes, some senior level CPAs (think comptrollers, CFO, finance directors) can earn good $$ BUT most CPAs today DO NOT earn that much. Other CPA who earn high $$ own their own boutique firms. I know so many who will take a temp job just to get foot into the door and then aspire to earn $120K max. The higher level jobs with corresponding high $$ comp are few and far in between - the exception, not the norm.

I’m a CPA and many CPAs I deal with clearly studied to pass the test and don’t actually have the analytical skills and knowledge to do their jobs that well. I am a higher paid CPA. I wouldn’t recommend going into it at 40+. It takes years to develop the job experience and knowledge.

So glad you posted this. I am 47 years old with a masters degree in math. I currently work as a data specialist for the MTA in NY. I make less thank 100k in NYC.

I was thinking of changing to anything. I first got excited when someone posted that for $13k you can complete all required courses online in 1 semester and summer. Then your post gave me a reality check. This is one for old folks like us trying to change career.

Have you considered earning a master's degree in AI/ML ? High demand & much better pay than you are currently earning.

Your reluctance to answer the basic questions that I have asked is concerning. Are you serious about making a career change ?

How do you survive in NYC on less than $100, 000 per year ? (Assume that you are in a dual income producing relationship.)

A first year accounting graduate (age in early 20s) at a Big 4 accounting firm in NYC should make a base salary of around $100,000.

Do you mean a first year worker who has a bachelor's degree in accounting in a big 4 firm in NYC actually make a base salary $100K? Can anyone confirm?

My daughters friend started at 120k at PwC

What group?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There isn’t much nuance in accounting. People would be wise to avoid a career so exposed to AI infiltration.

Says a non-accountant. There's actually a lot of human judgment needed in certain situations.

A single person can verify AI output that used to require 20 accountants to generate.

Example of an output that requires 20 accountants to generate currently?

F500 audit

Recommend you use the correct terminology if you pretend to be an expert. Accountant vs auditor are different job titles with different functions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There isn’t much nuance in accounting. People would be wise to avoid a career so exposed to AI infiltration.

Says a non-accountant. There's actually a lot of human judgment needed in certain situations.

A single person can verify AI output that used to require 20 accountants to generate.

Example of an output that requires 20 accountants to generate currently?

F500 audit

Recommend you use the correct terminology if you pretend to be an expert. Accountant vs auditor are different job titles with different functions.

Thanks for conceding the point.

Is this not a CPA thread?

Did I ever claim to be an expert?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Couple of comments:
- you can become a CPA without being in public. Not every state requires it. Does anyone really care if you are licensed in Nebraska but live in Tennessee? As long as you are not signing for audits?

- in industry, accounting is a cost center. You are not bringing sales in. The CFO, corporate controller, and a couple of others do well, but others are considered an expense.

The real money these days is providing advisory services with your own firm

.

Is this a job for CPAs? Tell me more please.

Having a CPA will often help you get a job in industry. It's a filter.

[Anonymous]

Anonymous wrote:

Anonymous wrote:CPAs /accountants are in demand.

For now. But this will be hit by Ai in the next 5-10 years.

I’m surprised it took until the third page to get a bullsh!t comment like this.