Thursday, January 10, 2013

Top Accounting blogs 2012

Email received from Editor, http://www.accounting-degree.org/

We are writing to let you know that your blog has been selected for inclusion in The Accounting Degree Review's list of the Top 25 Accounting Blogs of 2012. Our editor selected their favorite accounting related blogs regularly updated throughout 2012 with knowledgeable, useful, well-written and engaging content. You can view the list at http://www.accounting-degree.org/top-accounting-blogs/
Congratulations!

The Accounting Degree Review
http://www.accounting-degree.org
editor@accounting-degree.org
---------------

Thanks to http://www.accounting-degree.org Management and Editor
Dedicated to every reader of my blog.

Lots of Love
Rose

Tuesday, December 18, 2012

Career Tips For Aspiring Accounting Students by George Hillston

Let me introduce my Guest blogger today, George Hillston. He shares with us Career tips useful for Accounting students. 



For students and professionals entering into the job market, an accounting career offers a variety of rewarding opportunities. The accounting field offers stability for individuals seeking these jobs. Businesses need employees to report and analyze the finances of the company and the accountant meets this need. When someone decides to pursue a career in accounting, they should look at what companies need from accountants and how they can serve the company. These career tips will help you advance in your own accounting career.

Know the basics

While you may not be an expert in every area of accounting, especially if you are still a student, you should know the basics. Understand the primary financial statements, such as the income statement and balance sheet. Learn the basics of recording financial transactions. Companies hire students and beginning accountants for entry level positions. However, these companies also want to see that the people they hire have an initial foundation of knowledge in place. This allows the company to train the employee on their own specific accounting practices.

Understand Different Accounting Roles

The accounting field consists of several different specialties. Some accountants focus on financial reporting. Others work on analyzing costs. Some spend their days reviewing the costs of fixed assets. When looking at various
jobs in accounting, understand what role each job expects the accountant to fulfill. The skills needed for each role vary considerably. Prepare for the position by researching the needs of each particular position.

Join Professional Organizations

Professional organizations, such as the Institute of Management Accountants or the American Institute of CPAs, provide resources for accounting professionals to continue developing their skills. Accountants who maintain current with industry knowledge provide greater value for their employer. In addition, these organizations provide networking opportunities where accountants meet and build relationships with colleagues. Accountants use these networks to hire new employees or to find new accounting jobs.

Pursue Certification

In an accounting career, people hold a variety of qualifications. People come into an accounting position with varying levels of education. Most have undergraduate degrees. Some have graduate degrees. Others hold certifications, such as a Certified Public Accountant or a Certified Management Accountant. Certified accountants hold an advantage over others competing for accounting jobs. Certification also opens opportunities for accountants to receive promotions in the workplace.

Volunteer

Find opportunities to volunteer and share your accounting skills with others. Volunteering allows you to demonstrate your skills while helping out your community. Volunteering opportunities for accountants include serving as treasurer for a nonprofit, counting donations collected, filing tax returns or compiling financial data for reporting purposes. Many accountants make professional connections with others by participating in activities like these. These activities also add to the qualifications listed on your resume.

Speak At Public Events

Many nonprofit organizations seek speakers for their events. These organizations may or may not have the resources to pay a speaker. However, those accountants who choose to speak at these events gain recognition as an expert. When companies are seeking an accountant, they often remember the speaker at that event. These companies may seek you out directly to discuss opportunities within their organization. You can also add public speaking events to your resume.

Publish Your Knowledge

Take the opportunity to write articles on various accounting or financial topics. Write editorials and send them in to your local newspaper. As your name gets published on a regular basis, you will develop a reputation as a skilled accountant. You can draw on this reputation as you pursue accounting jobs. Share your publications with potential employers by listing these on your resume.

While job seeking in the accounting field can represent a high level of competition, there are also many different opportunities for accounting professionals to take advantage of. These tips won’t guarantee you career success. But they will greatly improve your chances.

Wednesday, December 12, 2012

Ex Boy friend attitude



Hi Rose,

For the last 2 yrs I was studying hard for the CPA. I passed FAR but the credit expired. I took REG four times (last time I tried I got 74!), I took BEC four times as well and like REG last time I tried I got 74. In 2012 I decided to take a break because it was hard to keep studying and failing. Now I would like to try again in 2013. But my energy and motivation levels are really low. After reading some of the post here I feel the urge to start again and pass the CPA. I used Wiley, CPAexcel and Gleim. I had spent so much money between the fees and the courses. But something inside me tell me I can do it, but I need a push to start again. Any advice how can I start? Any words of advice and wisdom for me?! Thanks for any help

Dear Anon,

Wishing to Pass this exam is always a good start. Candidates who passed this exam, are not extraordinarily intelligent, they told them selves they have the will to pass this exam . You might ask me, Is it enough to have a will to pass this exam ? As I said, It's a very good start. And then every one of us should sit few hours before the study material. And we should tell our selves, This is very hard. But like an old boy friend we must hang on, We will come back to our study material. We sit there with a trace of tears in our eyes. But we will smile once our study material is open. ( we may never know when we will get a smile back, LOL just kidding).
Well the point is having a little sense of humor when our backs ache and we will have an urge to watch movies/videos, play games ..etc which will eat our time and burn the little fuel left in our vehicle. We must tell our selves.. its hard, but I am going to do it today. I will complete this chapter as planned. I am tough , I am tougher and this thing aint going to bring me down. The harder we feel the closer we move towards giving up. So let that frustration,doubt and difficulty pass by. Smile a little, You are a real Super man/girl. You are willing to endure those difficult moments of sitting before books and trying your very best to concentrate and complete the planned schedule. Your difficulties of every nature are accepted with love and you still choose to complete those MCQ's. 
Every single second, every single minute when our backs ache, eyes burn and we are left behind and no one ever going to believe we can do it, including self denial and at the bottom of  confidence levels.. Still hang on every single day .. and study..Don't try to learn tricks of trade..learn the stuff...

Read Understand Revise Retain Practice Perform

Every person go through all the stages, including me, I get very depressed some times, I cry, I ask for help, I feel like quitting too. They are all part and parcel of our emotional development. But still our will to pass this exam is like haunting. Its like that ex boy friend . it's the hope, it's the madness and it's the motivation. Even if you are not sure whether you have that will, Which I presume is not correct because even at this moment when you are reading this.. You want to become a CPA. Oh yes !! you want to .Don't worry about start and fail.. Choose your study material, make a plan and study, forget about your past. Don't repeat mistakes. If you feel less motivated at times, its okay, don't worry, just tell your self, "its ok to feel bad at times. But now I feel good when I study". Make some changes in your life. Use good positive affirmations. Visualize 74 turning to 77 or even 99. Try managing your energy, negative thinking eats up most of your energy. Please study well , If we don't invest enough time for our study its difficult to pass this exam. So plan it well, study smart and you will pass this exam. 

Image credit: http://www.gettyimages.com

Friday, October 12, 2012

Mind Math

Last Saturday we went to lunch at our friend's house and her daughter was practicing her Abacus tuition home work. After watching us observing their daughter moving fingers in air, my friend told me,' She is no more using her abacus now, she moves them in her mind'. 'aha'. She was doing bigger calculations in seconds.
I really felt proud and good watching  my friend's daughter but inside I was humiliated and was questioning my mind math. My husband always makes fun of me saying , you are studying to become a CPA and you rely too much on calculator.  I don't have mind math, all I do is pressing buttons and I am sure teenagers who send messages press buttons pretty faster than me.
So I decided to spend like at least two hours a week to learn abacus. A few minutes daily. Never feel too shy to learn.

Friday, September 28, 2012

A letter from Mr.Grant Webb


Hi Rose,
My name is Grant Webb. I’m a learning facilitator with Bisk Education’s Accounting to CPA training program. It is my pleasure to reach out to you today. This morning during class we went online in search for some real life examples to supplement our classroom discussion when we came across your site info sleeponcpa.com. We often go online in search for supplement to our daily lecture. I applaud you on how resourceful you have made your site. Very well done. You even have an archives section with content covering some of accountants weakest points or curiosities. 

Based on the usefulness of your website and accurate messaging we have recognized your website as a Top Accounting Resource for our students of 2012. 
Please feel free to contact me if you have any questions. Keep up the great work Rose! 

Warmly,

Grant Webb
Bisk Education 
9417 Princess Palm Avenue Tampa, FL 33619

Friday, September 21, 2012

Aud Retake


The secret of genius is to carry the spirit of the child into old age, which means never losing your enthusiasm.
-Aldous Huxley

I was almost giving up but my friends encouraged me and stood beside me. I realized even though we tell our selves thousand times to stay calm and focused, if we are really disturbed and we have too many things on our mind, it won't help us to concentrate.
If you have too many issues in your head, please attend to them and come back to study with a clear head. You cannot concentrate and think about thousand things at the same time. Happiness is no doubt a boosting factor to study well.
I am using Yaegar CPA Review and supplementing it with Gleim test preparation software for Auditing and Regulation. My Auditing credit expired so I am retaking it next month.
If  you never used Gleim test preparation software before, Please take a look at Gleim Software. Gleim is offering this software for free download. You can download and use the trial version and even access one chapter for free. Try it and see it your self.
Special thanks to my #twudygroup friends.