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This highly depends on the company. External financial reporting to the SEC is high stress and hours but if there is a well staffed team and process and the reporting entity isn’t doing crazy transactions it’s probably manageable.
Pro
I woild say it is generally some internal and some external. The hours vary based at how good you sre at your job. Are you efficient? Are you good at automating tasks? Power queries?
Are you good at managing deadlines, expectations and deliverables? If not yiu are going to feel like you are always under pressure.
Agree with SM1. Our FR team works a lot of hours. We’re a mid-cap company with a lot of brands and entities but still behind on accounting technology with reporting being a weakness. They are still having to manually combine a lot of Excel queries from our ERP and it just doesn’t operate that smoothly until they get more automated tools and processes in place. They’ve increased headcount with growth but still have had some turnover and work late during the Q’s. I know there’s other companies that have smoother processes in place that minimize this. But it just really depends on technology, tools, and business activity (frequent M&A, debt restructurings, or other transactional items) that may result in longer hours compared to companies that just coast along.
I’ll also add the time to close compared to filing deadline / AC meetings also impacts this. We file close to the last day - but take 7 days to close before handing the numbers to tax, which eats into the time for FR. These are all considerations to understand from prospective employers to get a better sense of the WLB.