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Hi folks, I have recently joined Publicis Sapient taking an offer of 14.4 LPA. I have total 4.5 years of experience and my previous CTC was around 3.4 LPA. I had various offers in hand but not one to counter this one and PS is providing me 4x+, so I couldn't negotiate much.
Another thing is I was an immediate joiner as I had left my previous organisation 3 months ago so I couldn't wait to think about this offer.
But now I think it's low, what do you think please let me know and suggest.
Is there any ongoing hiring freeze in B4?
Have a blessed day.
Please DM if interested asap
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Just keep drowning until they start to make sense lol or at least that’s what I did
Hey there. First of all, I’m sorry you’re frustrated. Being a first year is tough in general and I’m sure being remote adds and entire level of difficulty to learning. Keep hanging in there.
Controls are rules/procedures put in place around different processes to ensure there is no ability to tamper or manipulate the information.
For example: In payroll, it would be expected that one person prepares the payroll and someone else approves it so the preparer wouldn’t be tempted to make unapproved changes to the payroll.
@Grant Thornton 1 that was a great explanation for me. And thanks for understanding my frustration, I’m trying to do well and not complain, but that’s proving a little difficult. And everyone in the comments is right, you seem like the type of manager everyone would love to work for 😊
Rising Star
Read the control description, then the design of the control documentation from prior year work papers or company process/control narratives.
I think a good way to look at it is saying, what could go wrong in a process that would cause a mistatement. And then think...what would prevent the what could go wrong.
In looking at control documentation there is a lot of fluff that is just filler and documentation related to the process. You need to hone in on what is the control
I think all the extra fluff is what gets me. Because I’m sure if it wasn’t all there, the controls would be a lot more straightforward as to what it’s addressing. But that’s just me 🤷🏾♀️
it may not be your fault that you can’t understand, sometimes our clients could not describe what their control is supposed to be doing if their life depended on it
Read the narrative, follow flow chart and study for AUD CPA exam.
Study for the audit section of the cpa. Idk why but I learned most of my basic accounting stuff from studying for the cpa....
I honestly just might do that. I had also bought other audit resources thinking it might help.
Pro
Simply put, internal controls help ensure business processes achieve one of 3 goals: operational, reporting, or compliance. You can google the difference. Once you understand the objectives of business processes you can work backwards and try to see how each control is suppose to keep a process running smoothly in order to reach its goal. Super simple example would be an HR person periodically checking who was terminated to ensure they stop getting paychecks. In this case the goal of this control is to ensure the operational process is working.
Yeah, I think I was doing the opposite.
The guidance on internal controls that’s out there is a good place to start. No one will tell you this but controls aren’t easy and take years to learn... and even mgrs and even PPMDs can still be learning about controls. It’s not easy at all
Welp, I guess I better get started...🏃🏾♀️
Open BEC Becker. It has great explanation for controls
Without internal controls in place, it begs the question of whether the financial statements can even be accurately relied upon. You have preventative/detective/corrective controls to work with. Preventative internal controls (among the others) are required for publicly traded companies issuing financials to the general public to rely on when investing. Without them, individuals can effectively make illegal, incorrect entries that brings into question the integrity of the financials being relied upon.
Thank you for breaking it down like this. Helps me look at it in a simpler light 🙌🏾
Look at the things that go wrong in financials, then ask why it happ and what could have prevented. The prevent is a control