The 1 st Year in Public Accounting. Overview What to expect What to expect Professional Development...

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The 1 st Year in Public Accounting

Transcript of The 1 st Year in Public Accounting. Overview What to expect What to expect Professional Development...

The 1st Year in Public Accounting

Overview

What to expectWhat to expect

Professional DevelopmentProfessional Development

Organizational StructureOrganizational Structure

Keys to SuccessKeys to Success

A Day in the Life…

Acting as a business consultantActing as a business consultant Interacting with and serving your clientsInteracting with and serving your clients Making presentationsMaking presentations Attending local and national training sessions Attending local and national training sessions Learning about various industriesLearning about various industries Managing and supervising others early in your Managing and supervising others early in your

careercareer

Expectations of a First Year Add to a positive work environmentAdd to a positive work environment

Not reluctant to ask questionsNot reluctant to ask questions

Has the ability to work independently and learns from “Trial and Has the ability to work independently and learns from “Trial and Error”Error”

Shows commitment to getting the job doneShows commitment to getting the job done

Keeps senior informed of their progress and any issues that may ariseKeeps senior informed of their progress and any issues that may arise

Willing to work extended hours during “Crunch Time”Willing to work extended hours during “Crunch Time”

Professional Development

Local, Regional, & National trainingLocal, Regional, & National training Support for professional certificationsSupport for professional certifications Leadership and managementLeadership and management

development programsdevelopment programs Diverse client assignmentsDiverse client assignments Mentor/Counselor assignmentsMentor/Counselor assignments Annual goal-settingAnnual goal-setting Timely performance feedbackTimely performance feedback

What is Deloitte & Touche Tohmatsu?

Over 90,000 people in Over 90,000 people in more than 135 more than 135 countriescountries

Leaders in serving the Leaders in serving the world’s largest global world’s largest global companiescompanies

Our Culture One Firm, One Vision Unique, supportive culture Leading the profession in

retention and satisfied people Only professional services firm named To Fortune®

Magazine’s list of the “100 Best Companies To Work For In America” for four consecutive years.

Global leadership Significant size, resources, client base Wide array of professional services

A leading global professional services firm driven to produce results

A leading global professional services firm driven to produce results

Human CapitalHuman CapitalAdvisoryAdvisoryServicesServices

Human CapitalHuman CapitalAdvisoryAdvisoryServicesServices

AssuranceAssurance& Advisory& Advisory

ServicesServices

AssuranceAssurance& Advisory& Advisory

ServicesServices

Financial Financial Advisory Advisory

Services (FAS)Services (FAS)

Financial Financial Advisory Advisory

Services (FAS)Services (FAS)

ManagementManagement Solutions &Solutions &

ServicesServices

ManagementManagement Solutions &Solutions &

ServicesServicesTax Tax

ServicesServicesTax Tax

ServicesServices

Organizational Structure

Deloitte & ToucheDeloitte & ToucheDeloitte & ToucheDeloitte & Touche

Enterprise Enterprise Risk ServicesRisk Services

(ERS)(ERS)

Enterprise Enterprise Risk ServicesRisk Services

(ERS)(ERS)AccountingAccounting& Auditing& Auditing

AccountingAccounting& Auditing& Auditing

Service Line SpecializationsService Line SpecializationsService Line SpecializationsService Line Specializations

Mergers & AcquisitionsMergers & AcquisitionsMergers & AcquisitionsMergers & Acquisitions

Fraud & Illegal Acts DetectionFraud & Illegal Acts DetectionFraud & Illegal Acts DetectionFraud & Illegal Acts Detection

SEC ServicesSEC ServicesSEC ServicesSEC Services

International ServicesInternational ServicesInternational ServicesInternational Services

Industry Industry SpecializationsSpecializations

Industry Industry SpecializationsSpecializations

Financial ServicesFinancial ServicesFinancial ServicesFinancial Services

Health CareHealth CareHealth CareHealth Care

TelecommunicationsTelecommunicationsTelecommunicationsTelecommunications

ManufacturingManufacturingManufacturingManufacturing

Retail/WholesaleRetail/WholesaleRetail/WholesaleRetail/Wholesale

Accounting & AuditingAccounting & AuditingAccounting & AuditingAccounting & Auditing

Organizational Structure

Accounting & Auditing

Perform accounting and auditing functions on field Perform accounting and auditing functions on field engagements for major corporate clientsengagements for major corporate clients PlanningPlanning Internal control procedures Internal control procedures Substantive testingSubstantive testing

Analytical and detail testsAnalytical and detail tests Workpaper documentationWorkpaper documentation Accounting research Accounting research

ReportingReporting

Enterprise Risk Services Assist clients by enabling them to better measure and manage business Assist clients by enabling them to better measure and manage business

risk and controlrisk and control Network & Systems QualityNetwork & Systems Quality Process & Systems IntegrityProcess & Systems Integrity Control AssuranceControl Assurance CosourcingCosourcing Enterprise Risk ManagementEnterprise Risk Management

Undertake data and information gathering Undertake data and information gathering

Conduct detailed and quantitative analysis on behalf of our clientsConduct detailed and quantitative analysis on behalf of our clients

Interact regularly with clients, colleagues and third party contacts Interact regularly with clients, colleagues and third party contacts

Organizational Structure

CorporateCorporateConsultingConsultingCorporateCorporateConsultingConsulting

Creative TaxCreative TaxServicesServices

Creative TaxCreative TaxServicesServices

SpecialistSpecialistConsultingConsultingSpecialistSpecialist

ConsultingConsulting

WashingtonWashingtonNationalNational

Tax ServicesTax Services

WashingtonWashingtonNationalNational

Tax ServicesTax Services

D&T TaxD&T TaxTechnologiesTechnologies

LLCLLC

D&T TaxD&T TaxTechnologiesTechnologies

LLCLLC

Tax ServicesTax ServicesTax ServicesTax Services

Tax ComplianceCompliance

Federal, State, and Local Tax ReturnsFederal, State, and Local Tax Returns Corporations, Partnerships, and Individuals Corporations, Partnerships, and Individuals

Sophisticated Research Sophisticated Research Global compensation plans for multinational corporationsGlobal compensation plans for multinational corporations Creating corporate structures for mergers and acquisitionsCreating corporate structures for mergers and acquisitions Providing financial consulting services to high net-worth Providing financial consulting services to high net-worth

individualsindividuals Developing and implementing tax saving strategiesDeveloping and implementing tax saving strategies

Client InteractionClient Interaction Business advisor to clients early in careerBusiness advisor to clients early in career Tax planning and strategy meetingsTax planning and strategy meetings

Business ProcessBusiness ProcessBenchmarkingBenchmarking

Business ProcessBusiness ProcessBenchmarkingBenchmarking

Business ProcessBusiness ProcessEvaluationEvaluation

Business ProcessBusiness ProcessEvaluationEvaluation

Business ProcessBusiness ProcessImprovementImprovement

Business ProcessBusiness ProcessImprovementImprovement

IS Strategic/IS Strategic/Tactical PlanningTactical Planning

IS Strategic/IS Strategic/Tactical PlanningTactical Planning

Application/PlatformApplication/Platform Selection & Implementation Selection & Implementation

Application/PlatformApplication/Platform Selection & Implementation Selection & Implementation

E-CommerceE-CommerceE-CommerceE-Commerce

AdvisoryAdvisoryTransactionsTransactions

AdvisoryAdvisoryTransactionsTransactions

Process Process ManagementManagement

Process Process ManagementManagement

DisputeDisputeConsulting/FraudConsulting/Fraud

DisputeDisputeConsulting/FraudConsulting/Fraud

InformationInformationManagementManagementInformationInformation

ManagementManagementFinancialFinancial

ConsultingConsultingFinancialFinancial

ConsultingConsultingOperationsOperations

ManagementManagementOperationsOperations

ManagementManagement

Management Solutions & ServicesManagement Solutions & ServicesManagement Solutions & ServicesManagement Solutions & Services

Organizational Structure

Organizational Structure

IntegratedIntegratedHealthHealth

IntegratedIntegratedHealthHealth

EmployeeEmployeeBenefitsBenefits

EmployeeEmployeeBenefitsBenefits

Actuarial &Actuarial &InsuranceInsurance

Actuarial &Actuarial &InsuranceInsurance

Human ResourcesHuman ResourcesStrategiesStrategies

Human ResourcesHuman ResourcesStrategiesStrategies

Human Capital Advisory ServicesHuman Capital Advisory ServicesConsultingConsulting

Human Capital Advisory ServicesHuman Capital Advisory ServicesConsultingConsulting

What Can I Do Now?

CoursesCoursesAccountingAccountingFinanceFinanceTechnologyTechnologyBusiness communicationBusiness communication

Maintain a solid GPA ( > 3.0)Maintain a solid GPA ( > 3.0) Get involved in campus/community activitiesGet involved in campus/community activities Leadership positionsLeadership positions

Keys to Success

Written & Verbal Communication SkillsWritten & Verbal Communication Skills TechnologyTechnology OrganizationOrganization Ability to Adapt to Change Ability to Adapt to Change Analytical SkillsAnalytical Skills Positive AttitudePositive Attitude TeamworkTeamwork

Q & A