I am training to be an accountant and have a year to go. Any comments?
chartered accountant. Kinda want to know what the public perception of such people is. Purely out of curiosity (i'm not on some kind of ego trip)
Other - Business & Finance - 10 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
great
Answer 2 :
just any old accountant or a proper chartered one?
Answer 3 :
Big Deal!!!
Answer 4 :
It's still not too late to get a proper job.....................
Answer 5 :
Your question doesn't add up.
Answer 6 :
best criminals to know
Answer 7 :
I have a friend that went that way - got quite high up - then decided she had become too boring, gave up her high powered position and went to live in cornwall & work in an art gallery. Maybe you will get lucky & discover just how boring your job is before your mind atrophies completely.
Answer 8 :
Something a little more helpful I hope. Types of Accountants Public Accountants - perform audits and prepare taxes for corporations, government agencies, nonprofits and individuals. Management Accountants are members of the executive team who record and analyze information about budgets, costs and assets. Government Accountants and Auditors maintain and examine government records, or they audit private businesses or individuals on the governments behalf. Internal Auditors are fiscal police officers. They verify the accuracy of an organizations financial records and look for waste, mismanagement and fraud. CPA accountants will continue to be in high demand, especially as states increase the education and experience requirements for the certification. Having a specialty, such as information systems, government regulation or international business, will help you find a higher paying position. Skills and experience in accounting is a huge bonus. Learn everything you can and if or when your ready to update your career or change careers using your accounting skills you will be a very valuable commodity. Stay in tune with career trends. You can do that by reading Career Opportunities and Business Administration Education Guide.
Answer 9 :
Very interesting indeed , you must tell us more we can't wait
Answer 10 :
that is ok. many see them as being stingy.
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Sunday, April 28, 2013
Sunday, April 14, 2013
is accounting a really well paid job, how much does an accountant get paid?
is accounting a really well paid job, how much does an accountant get paid?
Careers & Employment - 14 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Yeah, it pays OK but it's sooooooo dull.
Answer 2 :
It depends on the company and your experience. If you have great experience and a generous company you can be making over $50k a year!
Answer 3 :
Fully qualified & with experience, £30k up to an unfeasible amount.
Answer 4 :
It depends upon how many clients you have. My accountant earns a blummin' fortune because he has lots of clients for whom he works.
Answer 5 :
Think it's ok, but not great, try being a Lawyer, they get paid loads!!
Answer 6 :
An accountant gets paid fairly well. Depending on where you are working the salary will vary!
Answer 7 :
dont know much about the job but used to work in an accounts dept & the accountant there was rushed off her feet all day every day. She had to plan hols months upon months in advance & sometimes have to cancel. If you want stress - thats your job. Very good pay though
Answer 8 :
It depends where you work. Some of the accountants in the large London firms get paid very well. You could work your way all the way up to Head of Finance and find your self on £100,000 per year.
Answer 9 :
depending on qualifications and experience up to £45k a year. thats a big chunk of change and one of the reasons im training to be one.
Answer 10 :
mine gets far tooooooooo much money. i even have to pay his flamin petrol bill when he comes to see me. and his lunch expenses. sadly he is very good tho, so you get what you pay for i guess!!
Answer 11 :
Depends on the type of accountant and your level in the company or firm. If you are a CPA for a private firm it can be just like being a lawyer where you can be an associate, partner, et cetera. In that case it depends on the type of clients and the load the company carries. You can make a very god living (6 figures plus) depending on what you do in the field.
Answer 12 :
It varies between £15K and £100K for salaried staff. You can earn more with your own partnership ( but that applies to any profession )
Answer 13 :
My wifes a lawyer and I earn more money so lawyers aren't necessarily paid more
Answer 14 :
Here are the figures from an insider: During 3.5 training contract (also called their grad progam) with a firm (assuming big-four firm i.e. KPMG, PWC, Deloitte, EY 1st yr = £22k in London, lower in other parts of UK, €21k in Dublin 2nd yr = 25K 3rd yr = 32k 4th yr = 37k Once qualified sky is the limit. Excitement starts after qualifying. MORE NUMBERS: If u work within accountancy firm - big four: £48k to 55k +no bonus If u move to investment banking: £48k base + 90% bonus = If u move to corporate banking: £48k base +60% bonus If u move to industry (ie finance dept of big corp like pepsi): 50k base + 20% bonus If u move to private equity (very hard to get into straightway but after 1 year corporate/investmetn banking exp) - £65k + 100% bonus If u didn't make it to the analyst program of an investment bank then ACA is the way to enter to Investment banking. I'll say it's a great qualification as with an ACA from big-four firm u can enter any area or company u want to. Second, international mobility - ACA is recognised in every part of the world, even though many countries have different accounting standards. If u r first time pass-out ACA from big-four firm then it's equivalent to MBA in finance from the best schools like LBS, Insead, Harvard. Reason - an MBA would enter in an investment bank as a third year analyst, so will u. His salary 52k base, ur 48k base. Next year both of u are on similar salary. Also an MBA can't enter all the areas of an investmetn bank but u can. Note that the embedded assumption in above comments is that u passed ur all ACA exams in first time, and training in big-four firm. Overall great qualification.
Read more other entries :
Careers & Employment - 14 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Yeah, it pays OK but it's sooooooo dull.
Answer 2 :
It depends on the company and your experience. If you have great experience and a generous company you can be making over $50k a year!
Answer 3 :
Fully qualified & with experience, £30k up to an unfeasible amount.
Answer 4 :
It depends upon how many clients you have. My accountant earns a blummin' fortune because he has lots of clients for whom he works.
Answer 5 :
Think it's ok, but not great, try being a Lawyer, they get paid loads!!
Answer 6 :
An accountant gets paid fairly well. Depending on where you are working the salary will vary!
Answer 7 :
dont know much about the job but used to work in an accounts dept & the accountant there was rushed off her feet all day every day. She had to plan hols months upon months in advance & sometimes have to cancel. If you want stress - thats your job. Very good pay though
Answer 8 :
It depends where you work. Some of the accountants in the large London firms get paid very well. You could work your way all the way up to Head of Finance and find your self on £100,000 per year.
Answer 9 :
depending on qualifications and experience up to £45k a year. thats a big chunk of change and one of the reasons im training to be one.
Answer 10 :
mine gets far tooooooooo much money. i even have to pay his flamin petrol bill when he comes to see me. and his lunch expenses. sadly he is very good tho, so you get what you pay for i guess!!
Answer 11 :
Depends on the type of accountant and your level in the company or firm. If you are a CPA for a private firm it can be just like being a lawyer where you can be an associate, partner, et cetera. In that case it depends on the type of clients and the load the company carries. You can make a very god living (6 figures plus) depending on what you do in the field.
Answer 12 :
It varies between £15K and £100K for salaried staff. You can earn more with your own partnership ( but that applies to any profession )
Answer 13 :
My wifes a lawyer and I earn more money so lawyers aren't necessarily paid more
Answer 14 :
Here are the figures from an insider: During 3.5 training contract (also called their grad progam) with a firm (assuming big-four firm i.e. KPMG, PWC, Deloitte, EY 1st yr = £22k in London, lower in other parts of UK, €21k in Dublin 2nd yr = 25K 3rd yr = 32k 4th yr = 37k Once qualified sky is the limit. Excitement starts after qualifying. MORE NUMBERS: If u work within accountancy firm - big four: £48k to 55k +no bonus If u move to investment banking: £48k base + 90% bonus = If u move to corporate banking: £48k base +60% bonus If u move to industry (ie finance dept of big corp like pepsi): 50k base + 20% bonus If u move to private equity (very hard to get into straightway but after 1 year corporate/investmetn banking exp) - £65k + 100% bonus If u didn't make it to the analyst program of an investment bank then ACA is the way to enter to Investment banking. I'll say it's a great qualification as with an ACA from big-four firm u can enter any area or company u want to. Second, international mobility - ACA is recognised in every part of the world, even though many countries have different accounting standards. If u r first time pass-out ACA from big-four firm then it's equivalent to MBA in finance from the best schools like LBS, Insead, Harvard. Reason - an MBA would enter in an investment bank as a third year analyst, so will u. His salary 52k base, ur 48k base. Next year both of u are on similar salary. Also an MBA can't enter all the areas of an investmetn bank but u can. Note that the embedded assumption in above comments is that u passed ur all ACA exams in first time, and training in big-four firm. Overall great qualification.
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Sunday, April 7, 2013
do u guys know how much an accountant get paid?
do u guys know how much an accountant get paid?
i would like to become an charted accountant i am living in u.k do u guys think its a good proffesion or which website can i know more bout it serious answers please!!!!!!!!
Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
depends on how bent you are.if they are honest not much. take a look at http://thebaldchemist.blogspot.com
Answer 2 :
It depends on what position you have, the years of experience and whether you have a title, where you live etc. Accounting clerks don't make much. They are obviously at the bottom of the scale. If you have an accounting designation then your salary can increase by as much as 10%. After 5 years of experience you should be senior enough that you could command an above average salery. Of course the good ones (and hard working) will become managers, VPs etc You should definiately go for it. Chartered Accountants make the best salaries of all accounting designations. The work is interesting and the longer you are employed the more interesting it is. Once you have your designation you will not be limited to simply accountanting. You will find that your skills will be in demand in other areas as well. It is a key that opens doors... good luck
Read more other entries :
i would like to become an charted accountant i am living in u.k do u guys think its a good proffesion or which website can i know more bout it serious answers please!!!!!!!!
Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
depends on how bent you are.if they are honest not much. take a look at http://thebaldchemist.blogspot.com
Answer 2 :
It depends on what position you have, the years of experience and whether you have a title, where you live etc. Accounting clerks don't make much. They are obviously at the bottom of the scale. If you have an accounting designation then your salary can increase by as much as 10%. After 5 years of experience you should be senior enough that you could command an above average salery. Of course the good ones (and hard working) will become managers, VPs etc You should definiately go for it. Chartered Accountants make the best salaries of all accounting designations. The work is interesting and the longer you are employed the more interesting it is. Once you have your designation you will not be limited to simply accountanting. You will find that your skills will be in demand in other areas as well. It is a key that opens doors... good luck
Read more other entries :
Monday, April 1, 2013
how many qualifications do you need to be a accountant? (uk)?
how many qualifications do you need to be a accountant? (uk)?
I am currently training towards an NVQ level 2 in business admin that also covers any kill skills such as application of number and creative writing since i dont have any gcse's. I finish in 6 months and i think an accountant would be a good career choice for me since i am very confident with numbers and i like managing money. Would qualifications would i need? after this has finish ill only have 1 free year of education left
Financial Services - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
None you can freelance.
Answer 2 :
I'm currently training in accounting. After an nvq, you would do an aaq qualification which if you do at college would take two or three years then you would go for acca which is another couple of years. I'm taking aaq distance learning, level two and three which should take me one year then another couple of years of acca qualifications. Accounting isnt quick, but its fairly easy and not expensive compared to other careers
Answer 3 :
The answer from Gemzee is very good, but don't forget that there is another type of accountancy, called CIMA. That is the Chartered Institute of Management Accountants. ACCA accountants tend to be auditors. In other words they check what an accounts department has done and try to find any mistakes before agreeing the accounts are correct for publication after each company's "year end". Whereas a CIMA works in the company and prepares management accounts to help and guide the managers while they are running their departments within the company. A management accountant helps managers to decide which products to make, and calculates the production costs etc. He/she can be a "trouble shooter" helping managers to streamline production processes, helping to find alternative suppliers or materials that can bring the cost price down and help make your products cheaper to produce, thus maximising the company's profit. What you are doing is going on the right course, you just have to decide which type of accountant you want to be. Both require good numeracy and accuracy. Both pay well and qualifications, just make sure you get in to the side that will provide you with the more interesting role. Good luck.
Read more other entries :
I am currently training towards an NVQ level 2 in business admin that also covers any kill skills such as application of number and creative writing since i dont have any gcse's. I finish in 6 months and i think an accountant would be a good career choice for me since i am very confident with numbers and i like managing money. Would qualifications would i need? after this has finish ill only have 1 free year of education left
Financial Services - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
None you can freelance.
Answer 2 :
I'm currently training in accounting. After an nvq, you would do an aaq qualification which if you do at college would take two or three years then you would go for acca which is another couple of years. I'm taking aaq distance learning, level two and three which should take me one year then another couple of years of acca qualifications. Accounting isnt quick, but its fairly easy and not expensive compared to other careers
Answer 3 :
The answer from Gemzee is very good, but don't forget that there is another type of accountancy, called CIMA. That is the Chartered Institute of Management Accountants. ACCA accountants tend to be auditors. In other words they check what an accounts department has done and try to find any mistakes before agreeing the accounts are correct for publication after each company's "year end". Whereas a CIMA works in the company and prepares management accounts to help and guide the managers while they are running their departments within the company. A management accountant helps managers to decide which products to make, and calculates the production costs etc. He/she can be a "trouble shooter" helping managers to streamline production processes, helping to find alternative suppliers or materials that can bring the cost price down and help make your products cheaper to produce, thus maximising the company's profit. What you are doing is going on the right course, you just have to decide which type of accountant you want to be. Both require good numeracy and accuracy. Both pay well and qualifications, just make sure you get in to the side that will provide you with the more interesting role. Good luck.
Read more other entries :
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