Experienced accountant question lang po

[rolievin]

Hi guys! I just wanna get your opinion regarding job. I graduated last 2000 with a degree in accountancy then i tookk the board exam but unfortunately i only passed 2 subjects. After the exam i look for a job and after a month i got one. I was hired as an inventory accountant and due to opportunities and vacancy i was given a chance to work as a senior accountant.

now my question are...

1. in the first place ok bang kunin ko *** job?

2. because the book was a realy mess, do i have cleaned all the garbage they left including the unbalanced cash versus the bank statement for more than a year.

3. as a first timer do i have the right to reject project which is very simmilar to that?

Guys un lang sana may makabasa neto kasi napapagod na ko and i need some answers. In fact overnight na naman ako dito sa office ngayon.

Thanks & God Bless!

[p.i.joe]

1. It looks like an opportunity pero Kung hindi ka kumportable huwag mong kunin.

2. You can look at it as a challenge and an opportunity to learn the dirty part of your chosen profession. And if you accept it, here are some things to consider. First, ask the owner if he wants a complete updating/audit of the records. Second, If they do, that they pay you overtime because the past is not your responsibility and will take a chunk of your time from doing your normal daily duties. Last, if they ask if there's another way of doing it without resorting to a lengthy backwork, suggest to them that you start a clean record from a point. What that means is you chose a month were you still have all the records and start from there. Then simply reconstruct the past thru logical assumptions similar from what you've learned in your auditing class.

3. Of course you can reject the project. Under an employment term the employee or employer can terminate an engagement at their own discretion.

[rains_delight]

1. in the first place ok bang kunin ko *** job?

If you think you are suited to be a senior accountant, then grab it.

2. because the book was a realy mess, do i have cleaned all the garbage they left including the unbalanced cash versus the bank statement for more than a year.

If you accept the position, then you main responsibility is to clean and maintain the company's books of accounts. Apart from that, you will be reporting to the Finance Manager.

3. as a first timer do i have the right to reject project which is very simmilar to that?

Of course you have the right. But if I were you, grab the opportunity. When the time comes, after you have established the accounting system, it will run smoothly.

If you have any question, just send me a pm and I am willing to help you.

[p.i.joe]

Originally posted by rains_delight
2. because the book was a realy mess, do i have cleaned all the garbage they left including the unbalanced cash versus the bank statement for more than a year.

If you accept the position, then you main responsibility is to clean and maintain the company's books of accounts. Apart from that, you will be reporting to the Finance Manager.

I have to take exception on this advice. I would agree that maintaining the company's books is a basic responsibility of an accountant. But to undertake clean-up or trouble shooting point blank without assessing the situation first can be a disaster waiting to happen.

Rolievin explicitly said that the "books are in a mess" for more than a year. We don't know what the extent of the problem is. If it's only a case of bookkeeping backlog then it can still be managed but would still require a lot of time.

What if vital records are missing? You'll expend most of your time just finding records which you're not even sure exist? And that could adversely affect his/her "on-going" function as a Senior Accountant.

I think that is what Rolievin's concern is all about. He/She is apprehensive to jump in because he/she is not sure what to expect whether to sink or swim on the job.

That's why my advice to Rolievin is to discuss the engagement first with the CEO or CFO as to what is expected of him/her and at what price? And please do understand that Rolievin does not have the experience yet which adds more to his/her apprehension.

So Rolievin, that's all I can say...it will be up to you now.

[rains_delight]

I have to take exception on this advice. I would agree that maintaining the company's books is a basic responsibility of an accountant. But to undertake clean-up or trouble shooting point blank without assessing the situation first can be a disaster waiting to happen.

Rolievin explicitly said that the "books are in a mess" for more than a year. We don't know what the extent of the problem is. If it's only a case of bookkeeping backlog then it can still be managed but would still require a lot of time.

Do you think rolievien can prepare a clean financial statements if he/she would not touch that "mess"?

Well, Rolievien, you can ask your immeidate superior to ask your external auditor to perform a special audit before you assume your new position.

That's why my advice to Rolievin is to discuss the engagement first with the CEO or CFO as to what is expected of him/her and at what price? And please do understand that Rolievin does not have the experience yet which adds more to his/her apprehension.

I agree with you.

The same scenario happened to me. I was offered to be the an accounting manager and my present position during that time waS an internal audit supervisor. They gave me one week to decide, and I faced the challenge. But during the transition period, we asked SGV to do a special audit for us.

So Rolievin, there are two pexers who can help you with your problem.

Good luck!

[Mr_Cool]

i second the motions and suggestions related above...:)