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Subject Topic: Laidoff from big 4 and what should I do? (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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TESSTT
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Joined: 02 Sep 2009
Location: United States
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Posts: 19
Posted: 10 Sep 2009 at 14:31 | IP Logged  

Let's be objective here:

"immediately I joined the firm as senior" = new hire as senior.

"manager gave an assignment which he believed really easy." = their standards, easy assignment.

"I am inexperienced in public accounting" = inexperienced.

"I asked manager to help me" = constantly needing help.

"manager just said the senior had no time on me" = despite yourself being a "senior" you needed help from another senior.

"for me, it is rather difficult" = new hire can't do the senior level work.

"I still try to manage to get job done" = good, but...

"help to correct a mistake other seniors could not recognize" = outcast'd wouldn't you say, oh the new hire is a super worker *office politics*.

"I charged a lot hours to the client... 7 days a week and over 10 hours per day... made my boss really mad" = over budget.


I guess to sum it up: They hired you as a senior thinking you could do senior level duties. But you could not do an easy assignment to their standards that a senior could do. You were inexperienced and needed help from other seniors, but other seniors need to work on their own assignments. You managed to get the work done, but you exceeded the hours budgeted for you (lets say 20 hours) and billed it to the client (70 hours). Your boss probably got creamed by the client, he in turn channeled his frustration to you, and since you were a new hire anyway, you got canned.


What you could do differently next time:

Eat the hours as rite of passage until you passed the probation period.

How to explain to new employer, be honest:

I was let go at BigFirm, but the feeling was mutual. I was not a good fit since their focus was on public accounting, but much of my experience came from an industry background. Many of the M1 'tax' related duties were unique to public accounting that I was unfamiliar with. I was not ready to make the transition. I would prefer to continue doing more of the 'accounting and audit' related work (what I am familiar with, at your new firm, until I get promoted to the tax department).

__________________
PASSED: FAR, BEC
AUD - scheduled 1/26/10
REG - scheduled 2/12/10
wish me luck!
contact me: TTESSTT@yahoo
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cpakop
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Joined: 20 Aug 2009
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Posts: 9
Posted: 10 Sep 2009 at 17:18 | IP Logged  

Thanks everybody for your help.  Thanks TTESSTT for your wonderful reply.  I think I can use your words for my next interview.  Your words explained what had happened to me without badmouthing anybody.  I do not want to work for any public accounting firm any more because of my bad experience in my firm.  I had happy industry experience so I would stay with it.  Thanks everybody for your support.

 

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Dahlia1
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Joined: 08 Jul 2008
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Posts: 430
Posted: 11 Sep 2009 at 01:55 | IP Logged  

cpakop, I feel your pain. When I have read your post, I felt like I was living through that. I learned about eating the hours because I was fired one month after I got a job with a small CPA firm. None of my coworkers told me about it. I guess they just did not like me so they let me sink. I was working 10 hours a day and was documenting these hours which I should not have done. During my "exit interview" the owner asked me why it took me 2 hours to enter a couple of W-2s. Well, may be because I have never worked with this software before. I was hired as an entry level, so I did not lie about my skills. I was asking my coworkers a lot of questions and they probably did not want to be distracted. So, I got axed. Now, since I was smart to accept 2 offers, I started my fall job and I am applying all the lessons learned at the previous place. I work 10 hours a day and record only 8 hours but I am still behind the budget. I was given C-corp return with 13 hours budget and I spent 20 hours and not even half way done. So, I might get fired from this firm too. I am very scared. I have never done C-corp return so I learn as I go and of course it takes me longer than normally since it is my first return but I have a feeling that the expectation of the owners that I finish it on budget. So, my question is "Where do you learn if no one will give you a break?". I do not think of myself as a stupid person and I love, LOVE taxation. 
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Pandora
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Joined: 11 Sep 2009
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Posted: 11 Sep 2009 at 12:34 | IP Logged  

Dahlia,

Just some questions? You accepted 2 offers?  Are they both from a CPA firm?  How will you say to the  offers that you accepted that you decided to pursue the other offers?

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cpakop
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Joined: 20 Aug 2009
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Posts: 9
Posted: 11 Sep 2009 at 18:09 | IP Logged  

Dahlia1 wrote:
cpakop, I feel your pain. When I have read your post, I felt like I was living through that. I learned about eating the hours because I was fired one month after I got a job with a small CPA firm. None of my coworkers told me about it. I guess they just did not like me so they let me sink. I was working 10 hours a day and was documenting these hours which I should not have done. During my "exit interview" the owner asked me why it took me 2 hours to enter a couple of W-2s. Well, may be because I have never worked with this software before. I was hired as an entry level, so I did not lie about my skills. I was asking my coworkers a lot of questions and they probably did not want to be distracted. So, I got axed. Now, since I was smart to accept 2 offers, I started my fall job and I am applying all the lessons learned at the previous place. I work 10 hours a day and record only 8 hours but I am still behind the budget. I was given C-corp return with 13 hours budget and I spent 20 hours and not even half way done. So, I might get fired from this firm too. I am very scared. I have never done C-corp return so I learn as I go and of course it takes me longer than normally since it is my first return but I have a feeling that the expectation of the owners that I finish it on budget. So, my question is "Where do you learn if no one will give you a break?". I do not think of myself as a stupid person and I love, LOVE taxation. 

 

Hi DahLia1,

Thank you for sharing your story with us.  I think as long as we love taxation, we can become an expert in this field eventually no matter where we work.  It is good to work for public accounting firms as we can learn so many things in a short period of time.  It is good to work in industry as well because you get more time to figure things out by yourself and do not need to worry about the timesheet. 

I think people in this forum are very smart, passionate about what they are doing.  I am not successful in accounting firms so I really cannot give you a good idea what talents they are looking for.  Previously I thought I could do any accounting job after I passed my CPA exams but apparently I am still not good enough.      

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