Please ensure Javascript is enabled for purposes of website accessibility
December 6, 2022

Associate with Questions

GC,

I recently started as an audit associate (b4) and I'm hoping to get some questions answered.

A) If I had to make friends with people in public accounting to make my working life easier, who would they be and why?

B) What's the general review process for expenses being approved or rejected?

C) Whats the difference between the role of Partner and Director?

D) Any perks I should be taking advantage of? I almost did not ask because once everyone knows of a loophole it's generally closed shortly after.

E) As associates, is it possible to do rotations outside of you're designated focus area without any negative impacts on advancement? Meaning, if an associate spent a busy season in banking, could they work in insurance, asset management, real estate (or even clients with accounts receivable) once the engagement is over? 

F) How do the firms make money? This, and all of these, are genuine questions. I'm focused on my immeidate tasks as an associate but someone told me it would be good to find this out.

Thanks – and if you're curious about why I'm asking the GC community and not my "peers" is simply because the internet allows us to be anonymous and most of the time people have no fear of repercussions, so I'm expecting straight forward answers. 

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

cryptocurrency consulting accounting job

Should Cryptocurrency Consulting Be the Next Phase in Your Accounting Career?

Think the hype over cryptocurrency has reached its fever pitch? Think again—the crypto craze has only just begun. Businesses are increasingly viewing cryptocurrency as a viable investment. New tokens are gaining steam, and Bitcoin, the OG crypto cash, continues to trade at a frenzied pace. More than 200,000 Bitcoin transactions occur every day, and investors like […]

Mastering Data Analytics Can Make You a More Valuable Accountant

What can you do to make yourself more valuable to your organization? If you’re an accountant or if you work on a corporate finance team, becoming a master in data analysis is a big step forward. But why? And what does data analytics have to do with accounting? Accountants use data analytics to help businesses […]