'Chartered Accountant'?
Hi, I am an accounting student, with the goal of becoming an Accountant in the near future. I have read many company annual reports, and on the description of the Finance Management, it normally states that they are a chartered accountant. Now, does this mean that they have the ACA qualification? Or does the word 'chartered' in this case just mean they have any professional accounting qualification, for example, have the CIMA qualification. My ambition is to become a Financial Director in the Future, I am just unsure which professional accounting qualification to work towards to achieve this. Any help/advice would be greatly appreciated. Sam Thanks everyone!
Other - Taxes - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
To be a Chartered Accountant you need to do ACA (Or ACCA) The CIMA qualification is purely Management Accounts ans does not mean you are an accountant.
Answer 2 :
A chartered accountant is a specific title. It is comparable to a certified public accountant in the US. I am an Certified Public Accountant and in order to receive my license, I had to have a certain amount of experience under the supervision of a CPA and had to pass a test covering, accounting theory, auditing, accounting practice and business law. To maintain my license, I have to complete 120 hours of continuing professional education every three years with no less than 20 in any one year. The requirements for becoming a Chartered Accountant would probably be similar.
Answer 3 :
im just wondered about the same q
Answer 4 :
It means they are an ACA. That's the qualification that you should be working towards. Finish your degree and sign up for a training contract with the biggest accountancy firm you can find, preferably in London because there you will be working on better clients and have more opportunities.
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Tuesday, June 28, 2011
Tuesday, June 14, 2011
Being an accountant - difference between ACA and ACCA? UK?
Being an accountant - difference between ACA and ACCA? UK?
i.e in years to qualify/difficulty/salary etc? UK
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Hi Both are fully qualified chartered accountants - ACA with the Institute of Chartered Accountants and ACCA with the Association of Chartered Certified Accountants. Both are allowed to qualify as registered auditors, and both provide services to companies and the general public. Details of ACA salary levels can be found at http://www.icaew.com/index.cfm?route=158499 Details of ACCA salary levels can be found at http://www.accaglobal.com/uk/students/careers/surveys/ and http://www.accaglobal.com/allnews/national/ireland/salaryguide2007 They have different syllabuses and exam structures. There is not really enough space here to go into the detail but if you visit the websites (links below) you will find them helpful. I run a small accountancy firm (10 employees) and for my clients I have tended to find that the ACCA qualification equips my staff the best for the support we have to give. My clients tend to be small and medium sized businesses (turnover up to a few million pounds). I personally trained originally through the Institute of Chartered Accountants in England and Wales - you will note I tend to employ members of the other body. That may or may not tell you something. In my view (and it may only be my view) I tend to find that the ACCA qualification is more commercially focussed.
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i.e in years to qualify/difficulty/salary etc? UK
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Hi Both are fully qualified chartered accountants - ACA with the Institute of Chartered Accountants and ACCA with the Association of Chartered Certified Accountants. Both are allowed to qualify as registered auditors, and both provide services to companies and the general public. Details of ACA salary levels can be found at http://www.icaew.com/index.cfm?route=158499 Details of ACCA salary levels can be found at http://www.accaglobal.com/uk/students/careers/surveys/ and http://www.accaglobal.com/allnews/national/ireland/salaryguide2007 They have different syllabuses and exam structures. There is not really enough space here to go into the detail but if you visit the websites (links below) you will find them helpful. I run a small accountancy firm (10 employees) and for my clients I have tended to find that the ACCA qualification equips my staff the best for the support we have to give. My clients tend to be small and medium sized businesses (turnover up to a few million pounds). I personally trained originally through the Institute of Chartered Accountants in England and Wales - you will note I tend to employ members of the other body. That may or may not tell you something. In my view (and it may only be my view) I tend to find that the ACCA qualification is more commercially focussed.
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Tuesday, June 7, 2011
What are wages like for newly qualified accountants at PWC in the UK?
What are wages like for newly qualified accountants at PWC in the UK?
My friend left school at 18, and works for PWC audit. They are now 22 and have just qualified as an accountant (ACA) - how much will they be earning?
Careers & Employment - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
This gives a guideline on the salary ranges: http://www.hays.com/library/pdf/accountancy/practice-aug-2006.pdf
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My friend left school at 18, and works for PWC audit. They are now 22 and have just qualified as an accountant (ACA) - how much will they be earning?
Careers & Employment - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
This gives a guideline on the salary ranges: http://www.hays.com/library/pdf/accountancy/practice-aug-2006.pdf
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Wednesday, June 1, 2011
what check can an employer do in the uk to prove employment history if i was employed by family?
what check can an employer do in the uk to prove employment history if i was employed by family?
my new employer requested a letter from my dads accountant which I provided them with, the accountant is a relative of our family and we share a surname. the employer rang today to say this may not be satisfactory and now i am all worried as this employment was legit and above board but the new employer is treating me as if it is not and i really need this job! I dont know what to do!
Law & Ethics - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If you were legally employed i.e. paying national insurance and tax etc and your employer (your family) were paying what they were legally obliged to pay i.e their share of you national insurance etc then there should not be a problem. You should have a P45 and yearly copies of a P60 provided by your employer these show details of your employment and you tax status. If you don't have these and were never given them it is possible that you were not legally employed.If this is the case you will not have a check-able work history and your new prospective employer could regard you as never being employed. You need to find out the status of you employment with the family because if it was not a legal employment your family and you could find yourself liable for a sizable tax liability, also if national insurance was not paid this would effect your state pension rights.
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my new employer requested a letter from my dads accountant which I provided them with, the accountant is a relative of our family and we share a surname. the employer rang today to say this may not be satisfactory and now i am all worried as this employment was legit and above board but the new employer is treating me as if it is not and i really need this job! I dont know what to do!
Law & Ethics - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If you were legally employed i.e. paying national insurance and tax etc and your employer (your family) were paying what they were legally obliged to pay i.e their share of you national insurance etc then there should not be a problem. You should have a P45 and yearly copies of a P60 provided by your employer these show details of your employment and you tax status. If you don't have these and were never given them it is possible that you were not legally employed.If this is the case you will not have a check-able work history and your new prospective employer could regard you as never being employed. You need to find out the status of you employment with the family because if it was not a legal employment your family and you could find yourself liable for a sizable tax liability, also if national insurance was not paid this would effect your state pension rights.
Read more other entries :
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