Thursday, March 28, 2013

If I wanted to become a Chartered Accountant?

If I wanted to become a Chartered Accountant?
I am thinking of becoming a Chartered accountant and I am predicted the following grades: English: A* Maths: A* Physics: A* Chemistry: A* Biology: A* Religious: A* Expressive Arts/Drama: A* History: A* French: A* If I wanted to become a Chartered account what courses would be good to take at A -level? Also, for university what ones offer a course that would help me achieve this goal. My mums friend is working for BP now aged just 23 earning £60,000 and she went to Cambridge. Is there something out that like that for me?
Higher Education (University +) - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Bonjour madam My sister in law is a chartered accountant. (sister of my late wife) Spoke to her once , she said, business, mathematics are all good. even ecommerce. You also have accoutnacy. Many different routes. What you really wnat to do is have a look at this: http://www.larking-gowen.co.uk/recruitment/pro_training.html but dp subjects that will leave your path open and dont narrow down too much! i would do ecommerce, business, and acccoutnacy, or replace one with law, or maths, whatever your good at! I worked as a SAP consultant and yes chartered accounats get allot but i was on mor ethan most of them. so maybe mixing your skills will be good, its all about what you want to do. SAP is like SAGE only 1 million times better and advanced! an accounting software package used by companies. The choice is yours madam any more advice then just mail me i will ask my sisterlaw but work hard! aurevoir
Answer 2 :
Take the subjects that you most enjoy. This is the advice I gave my own children and all are super-successful. (My oldest daughter is a Chartered Accountant and the Financial Controller of one othe biggest international airlines... since the age of 36.) You are not expected to have studied Accountancy before university. You also don't have to have an accountancy degree! You can do a degree and then try to get a traineeship with one of the 'Big Six' accountancy firms. Or, you can get a job with a good firm and study while you earn - my youngest daughter is doing this, and she has found that the practical experience has put her ahead of her best friend who took the degree route. She really understands the concepts because uses them daily. And she has the deposit for a house. You need to understand maths, but not brilliantly, because, as an accountant, you will have minions with computers to do the boring number crunching! You will need to understand accounting principles and financial concepts, and remember the regulations, which can change monthly! Qualifying is very hard work and you need to be well focused if you plan to fly high! You need to be a REALLY tough cookie, if you're female, because it is still VERY chauvinistic at the top. You also have to be sharp-witted because there are jealous colleagues who will try to professionally assassinate you as you get higher. My daughter studied Accounting and Financial Management at Nottingham Trent. Good luck.
Answer 3 :
To get onto an accountancy grad recruitment scheme you'll need to have a numerate subject (maths, economics, physics, etc.) but it doesn't have to be accountancy. In order to get onto a numerate degree you'll need to have Maths A-Level. The other A-Levels will need to be "hard" ones (i.e. not subject that end in "studies") but other than that it doesn't matter too much what they are. A second european language is always good though.

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Thursday, March 14, 2013

If I wanted to become a Chartered Accountant?

If I wanted to become a Chartered Accountant?
I am thinking of becoming a Chartered accountant and I am predicted the following grades: English: A* Maths: A* Physics: A* Chemistry: A* Biology: A* Religious: A* Expressive Arts/Drama: A* History: A* French: A* If I wanted to become a Chartered account what courses would be good to take at A -level? Also, for university what ones offer a course that would help me achieve this goal. My mums friend is working for BP now aged just 23 earning £60,000 and she went to Cambridge. Is there something out that like that for me?
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I always think that Maths and English provide a good base for any future qualification. 'A' levels are still intended to be, and provide evidence of, a good, broad, general education. You would probably want to direct your 'A' levels at the type of degree you intend to take. The institute of Chartered Accountants in England & Wales, seperate bodies exist for Scotland and Ireland, is, I believe, still an all graduate entry regime. (university degree) The degree doesn't have to be, in subject terms, related to Accountancy, Economics, or Business, and personally, I don't think that it should be. A good, broad based education is desirable before professional training begins. To qualify as a Chartered Accountant, you need to pass the Institiutes professional examinations, and, gain the relevant professional accountancy training. This is obtained via the taking up of articles within the office of a chartered Accountant. This was the only route to training/qualification, however, I am not sure whether the ICAEW have started to accept relevant training experience gained outside of the professional office. The first thing that you need to do is to obtain the relevant exam/training requirements from the ICAEW, and then to decide whether this is the type of work that you want to do. Other accountancy bodies that you may want to consider, are as follows, and they are all Chartered Bodies, The Association of Chartered Certified Accountants, The Institute of Management Accountants, The Chartered Institute of Public Finance Accountants. Qualified Accountant

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Thursday, March 7, 2013

What do you think about the phrase "qualified by experience"?

What do you think about the phrase "qualified by experience"?
I've noticed this phrase being mentioned by a range of professional occupations like accountants, nursing etc. It basically means that people who have worked in those areas for a few years consider themselves 'qualified' despite not obtaining any university or professional qualifications. What if you went to an architect, dentist, surgeon or psychologist. Would you be happy to see one of these professionals if they were "qualified by experience" and had no formal training.
Higher Education (University +) - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
agree
Answer 2 :
i agree with it... i was a maths tutor qulified by experience. whilst at school i used to be really good at maths and same for college. during college i wanted to turor professionally but most organisations wanted someone with a teaching degree, PGCE or what not. by doing private tuition here and by volunteering to tutor peers in school and college i managed to get enough experience to be taken seriously by organisations looking for tutors. in my current job i have to deal with a lot of accountancy... i have no formal qualifications in accountancy but through exposure to accounging requirements, standards and coventions i am now able to sit down and speak to accountants to access their requirements and provide solutions to problems. again, qualification through experience.
Answer 3 :
In engineering, I see the phrase "qualified by examination and experience". It's likely that professional occupations such as accountancy and nursing would require this in addition to formal qualifications not instead, under a general "continuing professional development (CPD)" requirement. The exception to this would be where the regulations of the professional body require certain qualifications now but lesser ones, or in some cases none at all, in the past. In that situation, people are judged against the requirements at the time they entered the profession. Clumsily, this is known as being "grandfathered in". So, the Engineering Council didn't strip all existing chartered members who didn't have a masters degree or equivalent of their membership when that became a requirement of gaining chartered status. Is you text incomplete? Otherwise, you're basically seeing a phrase that means "self-taught". Specifically, in the UK at least, architect is a protected name: you can't legally call yourself an architect unless you have an accredited architecture degree, both undergraduate and postgraduate, and are registered with the RIBA. Surgeons are regulated by the General Medical Council, and dentists I guess are too or there is an equivalent body. Psychologist may be as well.

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Friday, March 1, 2013

Under what circumstances do you believe tax avoidance (as opposed to evasion) is legitimate?

Under what circumstances do you believe tax avoidance (as opposed to evasion) is legitimate?
Companies and wealthy business people are often criticised for employing expensive accountants so that they pay very little tax, but it seems to me unreasonable to maintain that any reduction of one's tax liability should be condemned. Where, if anywhere, should the limits be?
Law & Ethics - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
When you can afford clever expensive accountants to do your books. They will find it if you pay them enough.
Answer 2 :
Truthfully, given the choice would you pay 40% Corporation tax? I live in the Channel islands (tax haven) and there are 1000s of companies setup here to avoid tax, even if the government put limits in to stop this, there are still far cheaper places to setup, however this is ruining the economy. Large companies do not claim every penny tax back because it's not worth the time and effort in some cases, local shops are a lot more likely to do that.
Answer 3 :
No limits whatsoever.
Answer 4 :
Tax avoidance is legitimate in all circumstances after all it is only taking advantage of the laws which governments put in place. Tax evasion is illegal. It is perfectly legitimate to try and reduce your tax burden through LEGAL means. There is not a single person in the country who would not do so given the opportunity. What these companies and "wealthy" invdividuals do is a lot more legal than the "normal" people who pay the builder in cash to avoid the vat or don't declare the income from their e-bay sales or the lodger.

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