<p>Oh, I remember one more thing. My friend and I were studying; and one time he asked me to help him with one of the questions. It was one of the toughest practice questions he had. I didn't get the right answer (well, I don't know why I should, considering I only had one course in accounting); he and I tried to understand the answer and after some pondering and few exchanges between him and me, it became clearer and clearer to us. That's my first exposure to one of the more advanced problems and how I got the first-hand experience that it's not that bad. My friend has said many times a lot of it was just memorization. There's no logic to it, especially the parts pertaining to tax or regulations. He saw my PE (professional engineer) stuff and he said mine just looked Greek to him.</p>
<p>It looks like greek because he has had no exposure to it</p>
<p>For accounting, nearly everything is going to based off the two introduction courses.</p>
<p>I agree, thats retarded to base intelligence off what college material they could get into when they are roughly 17-18. Not everyone applies themselves in HS because they are too immature or not focused whatever the reason it may be. The CPA isn't rocket science, but i'd classify it as difficult. The CPA is a respectable certification to have in the business world for a reason.</p>
<p>Did any of you start studying CPA yet? If not, then why do you defend how difficult it is? </p>
<p>southpasdena,</p>
<p>That's all, out of 50 or so top schools? Also within each, my intuition tells me the group studying accounting is probably less competitive than, say, finance. Anyone that's studying in those school feels free to correct me. </p>
<p>Difficulty is relative. If some of you keep insisting it's very difficult, then I guess it's really difficult for you. :rolleyes: To me, it's easier than PE, likely CFA, and definitely way easier than acturial exams. Note I never said it's easy. It said it's no rocket science.</p>
<p>Dunno, but where are you working Sam Lee?, you seem like a hot shot.</p>
<p>southpasdena,</p>
<p>I have had almost no exposure to accounting either and already I wasn't far off from solving one of the more difficult questions. At least the question was readily understood and you just need to know the definition and how, for that question, how simple math of inventories works. Also, if I am not mistaken, based on what my friend told me, other than financial accouting, you can readily study the other three parts on your own without prior educational background. The tax/business law reads like common knowledge; after all, how hard is studying what to deduct, what not, and by how much is?</p>
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The tax/business law reads like common knowledge; after all, how hard is studying what to deduct and by how much is?
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</p>
<p>Maybe you can tell us since you're such an expert on studying for and taking the exam.</p>
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I mean accounting is nice and all, but going from 5+ Years @ IB-> Entry Level Accounting is ridiculous.
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<p>MK, don’t some of you have any concept of time? That’s now. What about 5 – 10 years down the line, especially if he gets a CPA. Stop thinking at such a basic level. Besides, he knows so much about investing with his Wall Street background that he is rather successful in doing some investing on the side. He just didn’t want to “work” in i-banking anymore. Things aren't as black and white as you make it.</p>
<p>Dawgie,</p>
<p>There's no question that the CPA is a respectable certification to have in the business world. That's more to do with the shortage of people who have the knowledge and experience. But that doesn't mean that knowledge is hard to grasp; maybe we just don't have enough people studying for it. Most business students seem to concentrate on finance these days. It's a much sexier option.</p>
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MK, don’t some of you have any concept of time? That’s now. What about 5 – 10 years down the line, especially if he gets a CPA.
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<p>His point is that 5 years spent in ibanking is an investment of time for which he derives no value by switching to an entry level position in accounting.</p>
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Besides, he knows so much about investing with his Wall Street background that he is rather successful in doing some investing on the side.
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</p>
<p>You clearly don't know anything about investment banking.</p>
<p>Gravitas3,</p>
<p>Actually what I meant was you don't have to be expert in studying to pass CPA. Most of you guys have good studying habit, decent grades, and have the drive to succeed; I don't think you guys will find it too difficult to pass the CPA.</p>
<p>My uncle went to a top notch business school. He failed the CPA exam the first time.</p>
<p>LOLLOLOLOL best post yet gravitas. People who work doing IPOs and M&A Advisory work have now discovered the stock markets' secrets. "His IB Job made him so successful at investing." You put yourself in another league entirely with that brilliant statement.</p>
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That's all, out of 50 or so top schools? Also within each, my intuition tells me the group studying accounting is probably less competitive than, say, finance. Anyone that's studying in those school feels free to correct me.
[/quote]
</p>
<p>This is ridiculous to say since considering the other schools do not have finance either. You can find the top 50 list your self and decipher the rest of the schools that have accounting. This was a rather short list focusing on the "top" public schools rather than top 50. </p>
<p>Accounting is rather common sense. No one said it was difficult. With the proper background on the topic, yes, you should be able to understand it just as i can understand engineering concept with the proper background. And if i became an accountant, a person would be paying for my service because i would be more efficient then they would be in doing the same task: one because of my experience, and two because of my knowledge. You may be able to answer that question no problem, but that hardly makes you knowledgeable on the subject. And because of that, i would presume you really have no basis about claiming anything related to this</p>
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LOLLOLOLOL best post yet gravitas. People who work doing IPOs and M&A Advisory work have now discovered the stock markets' secrets. "His IB Job made him so successful at investing." You put yourself in another league entirely with that brilliant statement.
[/quote]
</p>
<p>What is your point? What does that have to do with anything? Fine, he’s successful in doing investments on the side and I wrongfully assumed that it was due to his Wall St. background and perhaps he learned to do that from his uncle or grandpa or something, I don’t know. I never said I knew much about I-banking and really have no interest in it. </p>
<p>So, again, what is your point?? I'm ignorant about i-banking as you are about accounting. Difference is I'm not putting anybody or anything down because of my ignorance. So please, don't make another idiotic analogy like you did with “Donald Trump and McDonalds”? </p>
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His point is that 5 years spent in ibanking is an investment of time for which he derives no value by switching to an entry level position in accounting.
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</p>
<p>Derives no value by switching? Really? No duh. Of course there’s not much value derived in most cases when moving from one career to another. It’s called a career change?!? People even have the “audacity” (in the eyes of some of you) to take huge pay cuts….IT HAPPENS. Look around you, it happens in I-banking, law, medicine, engineering and even “lowly” accounting. It's called starting over and it happens more than you realize.</p>
<p>Damn tons of **** talking for accounting, makes me wonder if it was wrong to accept my full time offer at Deloitte.</p>
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What is your point? What does that have to do with anything?
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<p>His point is that you have no clue what you are talking about as you run around in circles and dig yourself deeper into a hole. Also that everyone should just laugh off all of your comments because they hold absolutely no credibility and are equivalent to a monkey throwing darts while eating a banana and dancing.</p>
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Difference is I'm not putting anybody or anything down because of my ignorance.
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<p>HAHAHAHAHAHAHAHAHHHAAHAHAHAHAHHAHAHAHHAHAHAAHAHA!!!!!!!!!!!!!!!!!!!!
You have no clue!</p>
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His point is that you have no clue what you are talking about as you run around in circles and dig yourself deeper into a hole. Also that everyone should just laugh off all of your comments because they hold absolutely no credibility and are equivalent to a monkey throwing darts while eating a banana and dancing.
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</p>
<p>Grow up little boy. The person lacking creditibility is you, as you have nothing better to do than to go on a board and laugh like a little kid at someone who's accomplished an awful lot more than you have or ever will. You're pathetic. Like I said to the other guy, get a life. Do something to build up your self-esteem instead of ranting on like a pathetic little kid on a college website. Loser.</p>
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Do something to build up your self-esteem instead of ranting on like a pathetic little kid on a college website.
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<p>Seems like you are the one posting in this thread to build your self esteem (rather, to protect it) because someone said something unfavorable about your profession.</p>
<p>No, no, you need to re-read the posts. I responded to an absolutely ridiculous remark
and as a result, have had to respond to more ridiculous remarks. Hey, I’m just responding, this is a forum, I can respond right?? You are the ones (some of you) leaving yourselves open to my responses with your continually silly comments.</p>
<p>People who have it together don’t post on a forum commenting unfavorably of a profession they know little about and put down the decision of someone they don’t even know, especially when they haven’t achieved didly squat themselves. DO NOT even suggest that I fall close to that category. Besides, I haven’t even posted here very much, so “posting here to build my self esteem” doesn’t fly. Stop reaching.</p>
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I responded to an absolutely ridiculous remark
and as a result, have had to respond to more ridiculous remarks. Hey, I’m just responding, this is a forum, I can respond right??
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<p>I'm not sure how you can deem a remark regarding the comparison of two professions "ridiculous" when you have made it clear that you know absolutely nothing about one of the two professions. </p>
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Besides, I haven’t even posted here very much, so “posting here to build my self esteem” doesn’t fly
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<p>You misunderstood my previous post.</p>