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?
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Wednesday, December 28, 2011
When i get my accounting degree in the UK can i use it to emigrate to Canada and train there to get chartered?
When i get my accounting degree in the UK can i use it to emigrate to Canada and train there to get chartered?
Or would i have to become chartered here and then emmigrate and retrain to learn their laws etc? Are accountants in demand in Canada? Also should add i am learning French and hope to do a placement year in France to become fluent.
Immigration - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Quebec speaks French. Why not try Canada first. Do the research on whether you would need to retrain or not.
Answer 2 :
It is easier to emigrate from France to Ontario and excellent French is never ignored by French-Canadians. Otherwise, put paid to any better expectations.
Answer 3 :
The Canadian equivalent of the Chartered Association of Accountants would obviously be the ones with the definitive answers. I am sure they have a website. Learning another language is always a good idea, especially if you intend going to the French region of Canada. Are accountants in demand in canada? a good accountant is in demand anywhere. I wish you every success.
Answer 4 :
jk
Answer 5 :
get qualifyed here first then do there tests, if i lived in canada it would be british columbian side.reasons ive a aunt there, two penpals so id know someone, not feel as lonely
Answer 6 :
We offer professional advice on UK visa application procedures. Our unparalleled expertise in UK immigration laws and policies has helped many to accomplish their immigration goals. Whether you intend to go to UK to work, study, run a business, visit or for settlement, we would certainly smoothen your path. Our solid experience in handling immigration related issues such as visa applications, entry clearance, settlement, petitions, sponsorships, extension of live to remain, change of employers, visa denials, delays, overstays, appeals continue to help many. We recommend visas to apply for after analysing applicants’ stories and situations. We define explicit procedures to follow in order to resolve your immigration issue or successfully get your intended visa. Our services help you achieve your immigration and visa goals with a minimum hassle, time and cost. The comprehensive information we give to applicants guides them through complex and stringent requirements of obtaining a UK visa. We are also ready to answer any question you might have throughout until you get your visa. You can contact us at ukvisapro@yahoo.com
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Or would i have to become chartered here and then emmigrate and retrain to learn their laws etc? Are accountants in demand in Canada? Also should add i am learning French and hope to do a placement year in France to become fluent.
Immigration - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Quebec speaks French. Why not try Canada first. Do the research on whether you would need to retrain or not.
Answer 2 :
It is easier to emigrate from France to Ontario and excellent French is never ignored by French-Canadians. Otherwise, put paid to any better expectations.
Answer 3 :
The Canadian equivalent of the Chartered Association of Accountants would obviously be the ones with the definitive answers. I am sure they have a website. Learning another language is always a good idea, especially if you intend going to the French region of Canada. Are accountants in demand in canada? a good accountant is in demand anywhere. I wish you every success.
Answer 4 :
jk
Answer 5 :
get qualifyed here first then do there tests, if i lived in canada it would be british columbian side.reasons ive a aunt there, two penpals so id know someone, not feel as lonely
Answer 6 :
We offer professional advice on UK visa application procedures. Our unparalleled expertise in UK immigration laws and policies has helped many to accomplish their immigration goals. Whether you intend to go to UK to work, study, run a business, visit or for settlement, we would certainly smoothen your path. Our solid experience in handling immigration related issues such as visa applications, entry clearance, settlement, petitions, sponsorships, extension of live to remain, change of employers, visa denials, delays, overstays, appeals continue to help many. We recommend visas to apply for after analysing applicants’ stories and situations. We define explicit procedures to follow in order to resolve your immigration issue or successfully get your intended visa. Our services help you achieve your immigration and visa goals with a minimum hassle, time and cost. The comprehensive information we give to applicants guides them through complex and stringent requirements of obtaining a UK visa. We are also ready to answer any question you might have throughout until you get your visa. You can contact us at ukvisapro@yahoo.com
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Wednesday, December 14, 2011
How to become an Accountant without taking a degree?
How to become an Accountant without taking a degree?
Hi, I would like to train to become an Accountant due to the career prospects and the rewarding salary. I am currently 22 yrs old and have 9 GCSE'S and 3 A'levels. All C's and above. Also I have certificate of higher education for completing a year at university. I was not very proficient at maths but I am currently taking a course to improve myself, which is going very well. Ideally I do not want to go back to University again as after my first experience I feel they are a waste of time and money. So my question is, how can I become a top Accountant without studying at University? I am a very dedicated person when I put my mind to it and this is something that I know I can excel and progress at. How long can the training take and which routes do I need to go down? Thank you for taking the time to answer my question. David What sort of costs for the courses can I expect?
Financial Services - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The best route to go is the ACCA. You can study at night while working. There are 14 exams in total and most people do 2 per exam sitting and there are 2 sittings per year (June and December). This means you would take about 3-4 years of night classes to finish but in order to qualify you need 3 years work signed off by an accountant so it is fine. I followed this route and I have 1 exam left. It took me 5 years to get to here because I work long hours so I could only do 1 exam in most sittings but if you are prepared to work hard and study at night this is the way for you to go. Go onto their website and have a look. Most colleges to night classes of the ACCA and it is the best qualification for an accountant without doubt
Answer 2 :
Try to get a job at a company that will 'sponsor' you to do this ... otherwise it WILL be expensive ... (Google ACCA correspondence courses) PS be aware that with graduate unemployment rates what they are today, you will find it VERY HARD to get a job with a suitable company without a Degree - most major / international companies offer 'Graduate Training Schemes' that will be closed to you - you will have to focus on the smaller companies that do not offer such structured schemes - and this is where the 'contacts' you could make at University would help ..)
Answer 3 :
Have you considered doing the AAT course? Some people I know chose not to go to university but completed the AAT and went on to do CIMA / ACCA. I would look at the course providers such as Kaplan and go through recruitment agencies, see if they know of any companies that will sponsor you! Good luck!
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Hi, I would like to train to become an Accountant due to the career prospects and the rewarding salary. I am currently 22 yrs old and have 9 GCSE'S and 3 A'levels. All C's and above. Also I have certificate of higher education for completing a year at university. I was not very proficient at maths but I am currently taking a course to improve myself, which is going very well. Ideally I do not want to go back to University again as after my first experience I feel they are a waste of time and money. So my question is, how can I become a top Accountant without studying at University? I am a very dedicated person when I put my mind to it and this is something that I know I can excel and progress at. How long can the training take and which routes do I need to go down? Thank you for taking the time to answer my question. David What sort of costs for the courses can I expect?
Financial Services - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The best route to go is the ACCA. You can study at night while working. There are 14 exams in total and most people do 2 per exam sitting and there are 2 sittings per year (June and December). This means you would take about 3-4 years of night classes to finish but in order to qualify you need 3 years work signed off by an accountant so it is fine. I followed this route and I have 1 exam left. It took me 5 years to get to here because I work long hours so I could only do 1 exam in most sittings but if you are prepared to work hard and study at night this is the way for you to go. Go onto their website and have a look. Most colleges to night classes of the ACCA and it is the best qualification for an accountant without doubt
Answer 2 :
Try to get a job at a company that will 'sponsor' you to do this ... otherwise it WILL be expensive ... (Google ACCA correspondence courses) PS be aware that with graduate unemployment rates what they are today, you will find it VERY HARD to get a job with a suitable company without a Degree - most major / international companies offer 'Graduate Training Schemes' that will be closed to you - you will have to focus on the smaller companies that do not offer such structured schemes - and this is where the 'contacts' you could make at University would help ..)
Answer 3 :
Have you considered doing the AAT course? Some people I know chose not to go to university but completed the AAT and went on to do CIMA / ACCA. I would look at the course providers such as Kaplan and go through recruitment agencies, see if they know of any companies that will sponsor you! Good luck!
Read more other entries :
Wednesday, December 7, 2011
How to become an Accountant without taking a degree?
How to become an Accountant without taking a degree?
Hi, I would like to train to become an Accountant due to the career prospects and the rewarding salary. I am currently 22 yrs old and have 9 GCSE'S and 3 A'levels. All C's and above. Also I have certificate of higher education for completing a year at university. I was not very proficient at maths but I am currently taking a course to improve myself, which is going very well. Ideally I do not want to go back to University again as after my first experience I feel they are a waste of time and money. So my question is, how can I become a top Accountant without studying at University? I am a very dedicated person when I put my mind to it and this is something that I know I can excel and progress at. How long can the training take and which routes do I need to go down? Thank you for taking the time to answer my question. David
Financial Services - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You have to take courses and get certified, sorry. Accounting is not a subject that one can really teach oneself. You need feedback on how well you understand the concepts, i.e. you need to take tests and see where and if you are going wrong. -------------- I actually never got a degree in Accounting, but I have taken many, many classes in it and I understand the concepts in the field. I've been working in the field for 20+ years now. I do bookkeeping for small businesses from my home at $50 USD per hour. There has never been a problem with the books I produce. (I can do it in my sleep basically). But every once in awhile, I come across a 'stumper' transaction. Luckily, I know a CPA who always can give me the correct way to enter the transaction.
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Hi, I would like to train to become an Accountant due to the career prospects and the rewarding salary. I am currently 22 yrs old and have 9 GCSE'S and 3 A'levels. All C's and above. Also I have certificate of higher education for completing a year at university. I was not very proficient at maths but I am currently taking a course to improve myself, which is going very well. Ideally I do not want to go back to University again as after my first experience I feel they are a waste of time and money. So my question is, how can I become a top Accountant without studying at University? I am a very dedicated person when I put my mind to it and this is something that I know I can excel and progress at. How long can the training take and which routes do I need to go down? Thank you for taking the time to answer my question. David
Financial Services - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You have to take courses and get certified, sorry. Accounting is not a subject that one can really teach oneself. You need feedback on how well you understand the concepts, i.e. you need to take tests and see where and if you are going wrong. -------------- I actually never got a degree in Accounting, but I have taken many, many classes in it and I understand the concepts in the field. I've been working in the field for 20+ years now. I do bookkeeping for small businesses from my home at $50 USD per hour. There has never been a problem with the books I produce. (I can do it in my sleep basically). But every once in awhile, I come across a 'stumper' transaction. Luckily, I know a CPA who always can give me the correct way to enter the transaction.
Read more other entries :
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