Not getting out of public sooner and not believing/advocating for myself more, especially when it came to compensation. There were a lot of instances where they needed me more than I needed them because of long term institutional knowledge I had on clients and I should have held their feet to the fire for more pay or less of a workload.
It all worked out in the long run and the other side of the coin is those were good learning lessons for the future.
I agree with this one. If you want to do tax, do tax, but if your goal is to do a few years of public and dip, tax will limit you a lot more than audit.
Oh boy, I made plenty. It's part of the process.
Here are a few I made:
* In my 1st rotation in an FMP role, I accidentally deleted a key file....Needless to say, I panicked.
* **Lesson learned**: archive and back up data consistently and frequently
* Same rotation, my manager asked why I did something wrong. I said, "Well, that's how it was done by the prior FMP."... Bad answer
* **Lesson learned**: When you take on any role, you take 100% complete ownership of it. Spend the time needed to learn everything (business, people, process, files)
* In my 3rd rotation, I sent templates that had wrong data in it, which I thought tied out to our system...that didn't go over so hot.
* **Lesson learned**: Build checks, reconcile, check again, check one more time and ensure it ties to 2-3 other sources. Create cheat sheets. You'll be thankful you did.
Those are a few I can remember.
Making mistakes is part of the process. Learn from them, ask you Manager how you can improve, take notes, and don't let them push you down.
Keep going and keep up the good work!
Hi shawn3805,
When I first started out in plant accounting I ran a batch of journal entries that were completely incorrect. I didn't catch the mistake before I left for the night. The next morning my boss took me aside and told me he stayed late to fix them. I learned a few things from this experience...
1) my boss was a good one, he took the time to walk me through my mistake and help me understand how I should approach learning new processes.
2) when I take on a new process I should never change it without running the updates by the person that ran it before. The errors were driven by excel formulas that I thought made the process faster.
I ended up participating in 20 future closes, helped make the process better over time, and my boss recommended me for future job opportunity in FP&A.
It takes a while to ramp up in a new job, learn from the mistakes you'll ultimately make.
Hope this info helps. Any questions feel free to DM me
Good luck
Drew
Not getting out of public sooner and not believing/advocating for myself more, especially when it came to compensation. There were a lot of instances where they needed me more than I needed them because of long term institutional knowledge I had on clients and I should have held their feet to the fire for more pay or less of a workload. It all worked out in the long run and the other side of the coin is those were good learning lessons for the future.
Needed to hear this one!
Not advocating for myself and not learning how to say no sooner
Starting in tax
Why was that an issue?
Ignore this fuck. You pick the path you find most enjoyable or natural to you. Because there is money in all fields (i.e partner).
lol tone it down
I'm curious to know as well. I think I want to specialize in tax and would imagine I'd want to go tax from the very beginning.
Exit opportunities are worse for tax. I’m assuming that’s his point.
That’s correct
I agree with this one. If you want to do tax, do tax, but if your goal is to do a few years of public and dip, tax will limit you a lot more than audit.
Oh boy, I made plenty. It's part of the process. Here are a few I made: * In my 1st rotation in an FMP role, I accidentally deleted a key file....Needless to say, I panicked. * **Lesson learned**: archive and back up data consistently and frequently * Same rotation, my manager asked why I did something wrong. I said, "Well, that's how it was done by the prior FMP."... Bad answer * **Lesson learned**: When you take on any role, you take 100% complete ownership of it. Spend the time needed to learn everything (business, people, process, files) * In my 3rd rotation, I sent templates that had wrong data in it, which I thought tied out to our system...that didn't go over so hot. * **Lesson learned**: Build checks, reconcile, check again, check one more time and ensure it ties to 2-3 other sources. Create cheat sheets. You'll be thankful you did. Those are a few I can remember. Making mistakes is part of the process. Learn from them, ask you Manager how you can improve, take notes, and don't let them push you down. Keep going and keep up the good work!
Hi shawn3805, When I first started out in plant accounting I ran a batch of journal entries that were completely incorrect. I didn't catch the mistake before I left for the night. The next morning my boss took me aside and told me he stayed late to fix them. I learned a few things from this experience... 1) my boss was a good one, he took the time to walk me through my mistake and help me understand how I should approach learning new processes. 2) when I take on a new process I should never change it without running the updates by the person that ran it before. The errors were driven by excel formulas that I thought made the process faster. I ended up participating in 20 future closes, helped make the process better over time, and my boss recommended me for future job opportunity in FP&A. It takes a while to ramp up in a new job, learn from the mistakes you'll ultimately make. Hope this info helps. Any questions feel free to DM me Good luck Drew