10 Common Mistakes To Avoid In Your Accounting/Finance Career!
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- čas přidán 12. 07. 2024
- Learn from the 10 mistakes I've made over my 15 years working in Finance.
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#1 1:05 Working as a bank teller to enter accounting.
#2 2:13 Not keeping up with your CPE credits.
#3 3:08 Being inappropriate on social media.
#4 3:54 Getting too friendly with your boss.
#5 4:55 Allowing yourself to be unhappy at work.
#6 6:11 Putting your career ahead of personal life.
#7 7:21 Believing your “stuck” in accounting or finance.
#8 8:10 Burning “bridges” when you leave your job.
#9 9:25 Not choosing your boss.
#10 10:05 Not sharing your career goals with your boss.
#9 is difficult to find a mentor, they always sees some of their staffs as threat to their career. Also finding time for interview is tough, company policy require as many as 3 rounds of interviews.
Great video! Thank you!
Thank you for sharing , amazing video 🙂
Thank you so much for your videos! They are very helpful and interesting!
Awesome thank you 🙏
I find #6 very challenging as we are so scheduled the whole year with many deadlines to keep and over the years less FTEs who could be the your stand in e.g. while you are on vacation. Even though your head is telling you you are working to much is not easy to find the healthy balance.
Great Video, great Channel 🙋♂️
Yes agreed! Thanks Alan!
Great video! Thanks
Thanks Bill !
Thank you so much for putting in the time to create these videos! Could you possibly do a video on finding accounting jobs/internships as a college undergraduate?
Ok will do
Thanks for info . I watched some of your videos and other videos to help prepare for interviews . I was able to get my starting job in accounting although quite a bit of struggle . I atleast have an idea of my career path
Great!
Thanks! Good video😊
These videos are great ! Thank you
Glad you like them!
Bill, I am a Fan of you now.All those points are so true and perfect.God Bless for sharing your rich knowledge and exp 🙏🙏Love from India
Thanks 🙏
Thanks Hanna really enjoyed the video
Thanks 🙏
Thanks for this information.
Glad it’s helpful
Great Video...
For mistake #6, second example that company might (or not) prioritize family 0 as this is before number 1 anyways not the best reference. Great video!
Haha thanks for watch my video Javier
@@TheFinancialController I do not understand what Family is Priority 0. could you please explain a little bit, because according your explanations, it sounds positive, but I don't think I do understand the meaning
Thanks buddy!
You are welcome 🙏
Thank you
glad you liked it Raheef
I really learn a lot from you
Makes me happy!!
Thanks for sharing the video as always!
In terms of #1, how about banker who is usually dealing with private company's credit & loan with corporate financial analysis, not bank teller?
That’s actually a good role
@@TheFinancialController Sounds great! It can be an advantage for a potential finance carrer! Thanks :)
thanks once again for everything
Thanks rosmary
@@TheFinancialController hello my friend i'm so happy with your videos i learn a lot
ok
can you please talk about planning and finance
I think this video could have been broken down to advice when you're starting out in big 4 and when you've left big 4.
Not sure if you can choose your bosses (managers) in big 4 and not sure if you should share your career goals (like becoming a CFO since it will mean you will leave big 4 in a few years) to bosses in big 4.
Quick question: based on mistake number 7, if I have been in the tax field for a while, then can I still move to other areas in accounting? (E, g. Audit or fp &a)
Your #1 mistake is true with mine Bill 👍👍
What about Accounting going into Sales Team?
Good tips overall but I disagree with you when you said how being a teller isn't a good way of getting into accounting/finance. I was in retail banking and moved into corporate finance as a treasury analyst, it would have been harder to move into if I didn't have retail banking on my resume and to talk about in interviews.
Please suggest me how to grow my career ahead?
Hello, thank you for all this advise is treasure. I wanna start my career at kpmg Lux I want to know if I do audit of commercial and public sector or banking, can you advise me. I don't know witch one I choose. I was thinking to do audit in banking sector for work in bank after what do you think. I have actually 1years experience in audit commercial and public sector.
I choose non banking because I find banking work to be boring. But if you like banking, it’s more money long term
Hi sir, I’m currently majoring in accounting in university however my goal is to ultimately work in finance. I majored in accounting because I know that there are a wider variety of jobs with accounting and cpas have a good job outlook. Would you suggest that I switch my major to finance or keep pursuing my bachelors in accounting?
I heard that a finance degree won’t get you the same mobility as an accounting degree
I would stick with accounting degree because of the flexibility of jobs, then slowly ask at work to take on more finance oriented projects
@@TheFinancialController thank you so much for replying, I love your videos!
☹ I have done almost all these mistakes!
Hi I have basically watched every single of your video and I enjoy a lot. They are super helpful. I’m wondering if i can connect you on LinkedIn?
Sure kexin
@@TheFinancialController sorry what’s your name? Only know you as the financial controller 🤣🤣
Bill Hanna
What should i do to get training in finance?... Which position should i choose first.... Please advice...
Get an junior accounting role to learn the basics first
@@TheFinancialController thank you...
I like #7 that happens to me over the years !! Now I am way to suck in AP manager positions not even sure how to move up ! Any suggestions for me ?
You need to maybe move to a more general Accounting role. If no opportunity at the same company, it could be time to take some calculated risk and make a move.
i also did the same mistake
Do you have enough knowledge to do a video on the pros/cons of big 4 vs financial development programs at a F500.
I know of the programs at F500 but don’t know much about them. Will make a note for a possible video
@@TheFinancialController Thank You. Happy Holidays to you and your family.
Happy new year and holiday matt
I was filling out my income records for the CPA. I use a calendar for this. I write each days earnings in it. But some of the records, I forgot ( easy to do when you get really “busy!”
So in the process of filling in missing days wages, I screwed up and put income into days that haven’t even HAPPENED yet!!! I was just stupidly going from square to fckng SQUARE, not paying attention to what I was doing!!! It’s the king of booboo the 3 STOOGES probably would have made!!! Oh DAMN that was stupid!!! I was just going from square to square to square to square,…. !!!!
I even filled out a couple of SUNDAYS, … we’re CLOSED on Sundays!!! What a goddam SCREECH!!! What an intellectual WIPE-OUT!!! I damn near punched a wall!!!
Here my wife is stressing out insanely over our tax records,… and god-DAMN I blew it!!! Just when I needed it most, my fckng brain had gone over to the “punch-bowl!!!” I dam near punched a wall!!! When it comes to cooking the books, I fckng CREMATED THE GOOSE!!!
I’ll never consider myself a smart person, ever again!!! I’m about as smart as Roscoe P. Coaltrain ( from the Dukes of Hazzard )!!! Too many “Joe dirt-farmer average” brain cells!!!
I have a painfully average, blue collar, Charlie Brown brain!!! I must REMEMBER that, or I’ll “overestimate myself” again!!!
😖😓😞🤨😔😖🤯😔😓😞😖
Now, I will have to hand my records over with “white-out correction fluid” covering all my blunders!!!😖
That’s me ,first was wrong 😮
I have a partial sleeve tattoo.. nothing inappropriate. Would this affect my chances of starting a career in accounting/finance?
No you are good
Asking what processes are manual vs. automation. If there is a lot manual processes, it can be VERY time consuming and no time to grow. Having high emotional intelligence. A person will no of a job is for them or not.
Sir CFA can work in big 4 and how much salary and progress in career
Yes you can and salary depends on many factors
@@TheFinancialController sir cpa+CFA are good combination for a good career
Sir we face to challenge first command over subject and second command over English in India
What if the boss is not supportive and treat us like slaves? How to handle such situation as a professional?
I would start looking for another job.
👍👍👍👍👍👍👍👍👍🙏👌
“Extreme political views” What is extreme is very subjective. The idea that one should censor themselves in their private lives, personal time in social media out of fear that their boss and/or coworkers might find out about political or other views is too fear based. As long as your do job well, your political views shouldn’t matter to your boss and/or coworkers.