The application has already generated plenty attention from business owners with an interest in the services provided. One reason may be the cloud solution that BlackLine provides, currently available in more than a hundred countries. This means data can be addressed by any subsidiary in almost any country and all that’s needed is a device and an internet connection. For this reason, companies with a worldwide reach and multiple subsidiaries can reap the most benefits from using BlackLine.
If you are an accountant you may be wondering what the benefits of working for the Big Four are. There are many reasons to consider working for either Deloitte, EY, KPMG, or PwC. Here is a list of the top five as cited by staff who actually work there
Most employees who work for one of the Big Four work a lot of hours and this is recognized and appreciated by the management. In order to keep the staff from burnout, especially during the busy tax season, an average of five weeks fo vacation time is given to accountants to keep them well rested. This is a huge perk and is well above the national average of vacation time given to entry-level corporate workers.
Remote Work Opportunities
Working remotely is coming into more prominence in the 21st century and the Big Four are shifting to meet this trend. They offer flexible hours in which their accountants can work from home in order to meet their obligations. This is appreciated greatly by the staff, especially by those who have previous family commitments.
Casual Dress Policy
Not having to wear a suit and tie every day is an important perk for those accountants working for the Big Four. The management emphasizes that they want people to be comfortable when they are putting in their long day at work. Having more relaxed standards of dress helps ease the stress of accountants for these firms.
When saving for retirement all accountants know the benefits of compound interest. It doesn’t take a math whiz to realize that when the company is going to give you free money to match all of your contributions to your retirement account then you can reach your retirement goals a lot faster. This is a true benefit that helps the employees of Big Four firms to build real wealth that they will depend on for a lifetime.
Maternity and Paternity Leave
Having children is a huge milestone in your life and Big Four firms understand the need for bonding and family time that comes when there is a new addition to the family. They offer some of the most generous maternity and paternity leave plans in the country.
With these five benefits, working for a Big Four company is an enticing way to increase your benefits and career satisfaction at the same time.
One of the key cultural advancements that made modern economies possible was the invention of double-entry accounting in the fifteenth century. The very concept of “owner equity” being reduced to a mathematical equation was a major advance that brought about the corporation, the idea of a shareholder and the relationship between owner’s equity and a company’s assets.
As important as this mathematical advancement was, it is a subject that few people outside the accounting profession understand. Given the centrality of money, business and ownership in a society and economy dominated by private enterprise and the public markets, the language of business expressed in double entry accounting is not only necessary, it is crucial.
Double entry accounting boils down to one equation and one rule. The equation is assets = liabilities + owner’s equity. The rule is both sides of the equation must balance at all times. This is accomplished through a system of debits and credits.
A Ledger Entry
The process is called “double entry” because every transaction must be “entered” in at least two accounts. One is a debit and the other is a credit. By combining these two entries, the central equation is balanced along with the ledger itself. When the equation is in balance, it means all the funds transacted have been accounted for. It is not possible to hide entries or tamper with the ledger, as it would cause the central equation to be out of balance, meaning the books would not be in order.
The locations in which entries are made are called “accounts,” like assets, cash, expenses and so on. When a transaction takes place, an entry of either a debit or credit is made in at least two accounts to make certain the equation is balanced. For example, collecting $1.00 in sales revenue would debit the “cash” account for $1.00 and credit the “revenue” account for the same amount.
Accounting is a lot like any skill. It requires basic knowledge and considerable practice to understand well. There are a lot of details involved in keeping the books for even a modest enterprise, which is why the accounting profession is unlikely to fade away any time soon. Everyone should take at least a basic class in accounting, as it is a skill that can be used on an almost daily basis.
About Kewho Min
Kewho Min is a diligent, knowledgable and highly motivated professional who is determined to challenge the status quo of the accounting industry. Kewho has shown his adept skill in accounting through his successful management of billion dollar inter-company balances and integration of new acquisitions of up to $3 billion in domestic and international net assets. Kewho Min has also proven his financial expertise by restructuring multi-billion dollar balances without affecting potential tax exposure or impact.
Throughout Kewho Min’s storied career, he has prepared and reviewed several U.S. Securities and Exchange Commission (SEC) documents and consolidated overall financial statements for numerous multinational corporations and investment funds. Prior to his current position, Kewho served as Corporate Controller and Vice President of Jefferies Group, LLC in Los Angeles, California. Before that, he was the vice president of Global Consolidations and General Ledger at NASDAQ (National Association of Securities Dealers Automated Quotations), the second-largest exchange in the world by market capitalization, for nearly five years.
The only other exchange platform that is bigger than NASDAQ is the New York Stock Exchange. The platform known as NASDAQ is owned by Nasdaq, Inc., which also owns the OMX stock market network and several other US stock and options exchanges. As the Vice President of GL and Consolidation Kewho Min managed eight accounting professionals and was responsible for the preparation and overall consolidation of the Income Statement, Balance Sheet, Cash Flows and Statement of Shareholders’ Equity on a monthly basis. Kewho Min’s executive role involved reviewing the Company’s 10-K and 10-Q as well as other compliance related submissions. Furthermore, Kewho assisted in the preparation and review of the Company’s 10-K and 10-Q as well as other compliance related submissions. One of Kewho’s major contributions in this role was leading the successful re-engineering of the monthly closing process, reducing the close period down from 20 days to 6 days. Always paying attention to detail, Kewho created a comprehensive model to streamline and calculate diluted share count on a quarterly basis. He also integrated new acquisitions ranging from $10 million to $3 billion in net assets, both domestic and international, while ensuring compliance and ease for reporting in US GAAP and international compliance.
Prior to his role at NASDAQ, Kewho Min served as a Vice President in Accounting and Finance at ICON Investments, a New York City-based alternative investment firm that provides innovative investment solutions to individual and institutional investors. As a Vice President, Kewho managed four accounting professionals and was responsible for the overall consolidation of the Income Statement, Balance Sheet, Cash Flows and Statement of Shareholders’ Equity for Corporate group as well as seven investment funds along with the applicable SEC filings. Ensured that Broker Dealer filings were done in accordance with various regulations.
At ICON, Kewho demonstrated leadership ability by re-engineering the quarterly closing process, ensuring that the 10-K and 10-Q for the seven investment funds were completed on a timely basis. He also redrafted each of the quarterly and annual filing for the 7 investment leasing funds to ensure that they were in compliance with USGAAP disclosure requirements. Additionally, Kewho Min worked closely with senior management and the acquisition team in determining the best utilization of the capital resources collected from the investors for the managed funds. Together with the company’s CFO, Kewho aggressively streamlined the procurement process to maximize the services provided by ICON’s vendors while minimizing the company’s cost exposure.
BACKGROUND ABOUT KEWHO MIN:
Kewho Min’s career trajectory wasn’t always so straightforward; as a student at Montclair State University back in January 1993, he had hardly narrowed his focus down past business administration. It wasn’t until January 1995 when he took his first accounting class with an incredible professor that he felt a spark of interest– and this spark would end up guiding the course of his career.
Kewho Min was recruited by the major public accounting firms in college, and his first position out of college was as an Associate/Auditor at Arthur Andersen, LLP. Over the next four years he worked his way up to higher-level positions at PricewaterhouseCoopers LLP, The New York Times Company, and Take 2 Interactive Software.
By the time he was hired as an Associate Manager of Financial Reporting at Nielsen, Kewho had honed his expertise in external reporting and consolidation.
In his third year at Nielsen Kewho was offered a position overseas in Haarlem, the Netherlands, which he gladly accepted. Kewho served as the lead with the international consolidation business groups to ensure consistency and accuracy in financial reporting. Furthermore, he was an integral member of the conversion of the Dutch GAAP Financial Statements to US GAAP and IFRS in preparation for a potential US and European listing. In 2006, Nielsen was acquired by a consortium of private equity firms, which required him to the preparer of the guarantor / non guarantor financial statements. Following this, Kewho joined the team at ICON Investments as Vice President of Finance and reported directly to the CFO.
At ICON Investments Kewho took on both proactive and retroactive roles. One of his major retroactive accomplishments was overhauling seven active funds that had been in arrears with SEC for nearly two years. Kewho analyzed the funds, identified their issues, and revised all problems so that within just one year both funds were made current filers. He also served as the primary technical accountant of the firm, responsible for the accounting of derivative and hedges, leases and many other technical accounting concepts.
Kewho Min continues to have an active career in finance and accounting. His managerial skills and interdepartmental tact make him an exceptional and trusted professional in the field.
CONTACT KEWHO MIN:
Kewho Min is an executive-level accountant who currently serves as the director of global accounting at Walmart. If you are interested in contacting Kewho, please fill out the form below and he will reach out to you as soon as possible.