Im currently a junior and i have seen AAS positions. I was interested in FDD, but unfortunately there’s not a lot of positions available. I was wondering how AAS is and how different is it from FDD and what is the day to day look like

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I think AAS is great in that you will have plenty of opportunities to work on a wide variety of projects such as accounting remediation, transactions, technical accounting, managed services, etc.

I’m currently staffed on a remediation project and my day to day primarily involves variance analysis, researching for the root cause, preparing workbooks, and proposing the adjusting entry to the client.

Hours are not bad at all either. I average 45-50 hours unless we’re making a push to meet a tight deadline.

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AAS differs from FDD in a lot of ways. AAS typically enters the deal cycle after FDD does and will deal with things like the actual accounting for the deal for things like purchase accounting, policy alignment, and writing memos on other complex accounting areas (like debt/equity). AASalso deals with engagements that are not part of a deal cycle such as dealing with new accounting standards or transactions that arent an acquisition (i.e an IPO).

The day to day is very diffferent from FDD but sometimes there is overlap like when an FDD meeting requires specific accounting expertise AAS will get brought in in a limited capacity.

Happy to clarify any of the above.

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