I need a crash course in financial jobs. Can anyone tell me what the following means?
What types of accountants are there and where would they typically work? How many types of financial services companies are there, what do they do (eg what are hedge funds?) and what are the main job roles in these companies?
Corporations - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
1. Financial accountants, cost accountants, tax accountants Financial accountants work in every company. Cost accountants work generally in manufacturing companies. Tax accountants work for tax preparation firms and corporations (doing in-house tax). 2. Financial services company. Too numerous to name. Really. There are hundreds of financial services. Short list? Insurance, commercial banks, merchant banks, export-import banks, credit unions, project finance, brokerage, exchanges, credit card companies, trusts, hedge funds, mutual funds, closed end funds, securitized trusts... this doesn't even count the firms servicing the financial sector like credit agencies, treasury functions, escrow... 3. What's a hedge fund? The term used to mean those funds that would use hedging strategies to remove a portion of risk. For example, go long on a good shipping company, go short on a bad shipping company with the same beta and you hedge away industry risk (shipping) and market risk (beta). However, the terms has been bastardized to really mean any non-traditional fund (i.e. not a mutual fund, not a trust, not an insurance company, not a close-end fund). 4. What are the main roles? Eeks. Way, way too many roles to name here. But in broad terms - there's product development, sales and execution/settlement - as well as all the traditional roles like accounting, HR, marketing...
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Saturday, January 28, 2012
Saturday, January 14, 2012
Where do i stand with my old accountant?
Where do i stand with my old accountant?
I started self employed work, this only lasted about 3 weeks as i decided it was not for me. i registered with an accountant within the 1st week and had a 20 minute meeting with him, hw filled out 2 forms and also got me a tax rebate as i had not been working for the whole year previous. I went back to him after 2 weeks and mentioned that i was not going to continue being self employed, i asked him 3 times if there was any bill or payment outstanding and he said no, none. He then mentioned that i would recieve a letter from the tax office in a few months, if i needed help filling it out i could go see him and pay him a little something. 7 months later i recieve a bill for £94. Although ive not refused to pay this i am arguing and want copies of all paperwork. He is not my accountant anymore and is not aware whether i got the rebate or not. Where do i stand with reference to law, although he was my accountant he is not and has not been for 7months. Do i have to pay that fee?
United Kingdom - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
if he did some work for you you should pay, unless you have it in writing that he wasn't going to charge you anything you have no legal standing. just pay it.
Answer 2 :
ok
Answer 3 :
You need to review all your paperwork. Did you have him under retainer or contract to be your accountant for a certain period of time or did you jsut pay him as you used his services? If he was under contract then this may be the remainder of his fee he is due. If you just paid per each service he did for you then you need copies of all your invoices for each task he is billing you for and reciepts of all payments to determine what exactly this money is due for....... If you can match all your payments previously made to all invoices then you do not owe him.
Answer 4 :
So you saw him on two or three occasions, he completed some forms for you, obtained a rebate for you and when he bills you for £94 you complain! Most accountants charge £150 plus per hour, so I don't think it's an unreasonable charge.
Answer 5 :
All accountants charge for their services even though he said you did not have to pay anuthing then....have you got proof he said that? You will more than likley find that the bill is for the forms he completed and the little service he did provide for you at the time In law...you employed his service...he provided it....you owe him the money
Answer 6 :
eh
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I started self employed work, this only lasted about 3 weeks as i decided it was not for me. i registered with an accountant within the 1st week and had a 20 minute meeting with him, hw filled out 2 forms and also got me a tax rebate as i had not been working for the whole year previous. I went back to him after 2 weeks and mentioned that i was not going to continue being self employed, i asked him 3 times if there was any bill or payment outstanding and he said no, none. He then mentioned that i would recieve a letter from the tax office in a few months, if i needed help filling it out i could go see him and pay him a little something. 7 months later i recieve a bill for £94. Although ive not refused to pay this i am arguing and want copies of all paperwork. He is not my accountant anymore and is not aware whether i got the rebate or not. Where do i stand with reference to law, although he was my accountant he is not and has not been for 7months. Do i have to pay that fee?
United Kingdom - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
if he did some work for you you should pay, unless you have it in writing that he wasn't going to charge you anything you have no legal standing. just pay it.
Answer 2 :
ok
Answer 3 :
You need to review all your paperwork. Did you have him under retainer or contract to be your accountant for a certain period of time or did you jsut pay him as you used his services? If he was under contract then this may be the remainder of his fee he is due. If you just paid per each service he did for you then you need copies of all your invoices for each task he is billing you for and reciepts of all payments to determine what exactly this money is due for....... If you can match all your payments previously made to all invoices then you do not owe him.
Answer 4 :
So you saw him on two or three occasions, he completed some forms for you, obtained a rebate for you and when he bills you for £94 you complain! Most accountants charge £150 plus per hour, so I don't think it's an unreasonable charge.
Answer 5 :
All accountants charge for their services even though he said you did not have to pay anuthing then....have you got proof he said that? You will more than likley find that the bill is for the forms he completed and the little service he did provide for you at the time In law...you employed his service...he provided it....you owe him the money
Answer 6 :
eh
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Saturday, January 7, 2012
is it hard for a uk trained accountant to get a job as an accountant abroad?
is it hard for a uk trained accountant to get a job as an accountant abroad?
im going to study accounting and finance at uni i know that getting this degree doesn't immediately make you an accountant as you have loads of other courses to take afterwards etc..... i was wondering with a degree like mine.... will it be easy to get a job as an accountant in another english speaking country {as ive ALWAYS wanted to emigrate to somewhere such as usa, nz, au... etc}???????? would it be hard? would i have to retrain? please reply thank you in advance danielle
Studying Abroad - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
no it is not hard
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im going to study accounting and finance at uni i know that getting this degree doesn't immediately make you an accountant as you have loads of other courses to take afterwards etc..... i was wondering with a degree like mine.... will it be easy to get a job as an accountant in another english speaking country {as ive ALWAYS wanted to emigrate to somewhere such as usa, nz, au... etc}???????? would it be hard? would i have to retrain? please reply thank you in advance danielle
Studying Abroad - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
no it is not hard
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Sunday, January 1, 2012
How do we control those who would control us? An upper house? Yes. But who should be in it? And how selected?
How do we control those who would control us? An upper house? Yes. But who should be in it? And how selected?
I think we should have strict limits on the number of MP's. A fixed minimum of the judiciary. Accountants. Certainly! Clergy? Possibly but there for their morals, not their faith. I also think if we elected them we would end up with the same old kind of has beens from the commons that we currently have. Any ideas?
Politics - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
a perfect robot is the only answer
Answer 2 :
The Parliament functions better and is more accountable to the people than our Congress.
Answer 3 :
Im American but this is my opinion. England should get its own national assembly like Scotland and Wales. They should elect members to represent them in an upper house like the United States Senate. Do you guys in the UK have strict party line votes like in Canada or can MPs vote their conscience on different bills?
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I think we should have strict limits on the number of MP's. A fixed minimum of the judiciary. Accountants. Certainly! Clergy? Possibly but there for their morals, not their faith. I also think if we elected them we would end up with the same old kind of has beens from the commons that we currently have. Any ideas?
Politics - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
a perfect robot is the only answer
Answer 2 :
The Parliament functions better and is more accountable to the people than our Congress.
Answer 3 :
Im American but this is my opinion. England should get its own national assembly like Scotland and Wales. They should elect members to represent them in an upper house like the United States Senate. Do you guys in the UK have strict party line votes like in Canada or can MPs vote their conscience on different bills?
Read more other entries :
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