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I was temping at a dot.com related company and was performing cash reconciliation for their upcoming IPO. The controller position was open and when I expressed an interest I was told that the job required a CPA.

What I found was a total lack of plain old Bookkeeing 101. Example, collect checks from customer, deposit in bank and then "forget" to record it in the General Journal!!! They were factoring their receivables at an 8% rate while they had $250,000 in the bank that they didn't know about. Bank recons. None done for over 18 months!!!

I've seen it all. Poor ol' me. Just a dumb old MBA with lots of "accounting" experience but no CPA so no recognition. Oh I do know and understand GAAP but that ain't worth a damn if you want to cook the books!

You don't want to be a part of that mess. I've been through it twice and will walk if ever in that situation again. Move on and don't fret over the years or grief you will miss.

UUNet/WorldCom's billing department was absolutely horrible. They forgot to bill us for 5 months. They finally sorted it out, the 6th month bill, our first from them, was HUGE (no surprise.) We're talking nearly $50,000 they simply did not receive in a timely manner due to lousy billing. As stories go, this was not uncommon for UUNet.

We figured we must have been small fish considering some of their bandwidth options are easily $90,000/mo. (100 Mbits. Before you count in the cost of "real estate" which could easily add tens of thousands more for a large cage.)