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 28, 2013
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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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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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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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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Thursday, February 28, 2013
Am I self employed or an employee of my Ltd Company?
Am I self employed or an employee of my Ltd Company?
I am an IT contractor operating (outside of IR35) through my own limited company of which I am sole director. I am in the process of applying for a new private tenancy agreement and I am being asked what my employment status is. Am I self employed or simply an employee of the Ltd company? I take a low salary and the rest in dividends so need to reflect this additional income somewhere. I'd ask my accountants but I need to complete the form tonight and now they've all gone home!
Small Business - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Here there are good sites on business http://topfin4.notlong.com/7AAqGT8
Answer 2 :
We would ask you to describe yourself as Sole Trader and give your Accountantss name and address for us to follow up your financial situation with them. Estate Agent
Answer 3 :
If I were completing the form I would say self-employed. The reason is that the party may want to contact your employer to verify employment. If they do at some point it will be apparent that you are a one-person company, which may do more harm than good.
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I am an IT contractor operating (outside of IR35) through my own limited company of which I am sole director. I am in the process of applying for a new private tenancy agreement and I am being asked what my employment status is. Am I self employed or simply an employee of the Ltd company? I take a low salary and the rest in dividends so need to reflect this additional income somewhere. I'd ask my accountants but I need to complete the form tonight and now they've all gone home!
Small Business - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Here there are good sites on business http://topfin4.notlong.com/7AAqGT8
Answer 2 :
We would ask you to describe yourself as Sole Trader and give your Accountantss name and address for us to follow up your financial situation with them. Estate Agent
Answer 3 :
If I were completing the form I would say self-employed. The reason is that the party may want to contact your employer to verify employment. If they do at some point it will be apparent that you are a one-person company, which may do more harm than good.
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Thursday, February 14, 2013
What qualfications do i need to become a Chartered Accountant starting from after my GCSE's?
What qualfications do i need to become a Chartered Accountant starting from after my GCSE's?
hi, i am close in finishing my GCSE's and i rely need help in deciding wot i want to become wen im older, and a chartered accountant happens to b a career wich is smehow linked to maths and IT which r my gud subjects... i want to kno wot i wud exactly need and how long i mite take in order to become a proffesional accountant , bcoz i dnt hav a clue wot i mite do in College or University. Thank u
Higher Education (University +) - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You would need a degree in Accountancy I believe. This means you'd have to go to university. I honestly don't think there's any other way you could become an accountant (but I'm not sure - you'd have to ask a careers advisor for that). In order to get onto a degree in Accountancy, I suggest taking A Levels after your GCSE's. Most people start with four and then drop to three in their second year. I suggest Maths (though I'm told it actually isn't as important than most think), ICT (if that is what you're good at because an advanced qualification in that can take you far in the field of Accountancy or something else), English Language (very good to have whatever you do) and possibly something like Government and Politics, Law or Business Studies. A Levels are good because if you decide you don't want to be an Accountant, you still have the flexibility to go and do something else. There is loads you could do with the above A Levels. You really need to ask a qualified Career's Advisor because I am no professional, but what I have described above is the route I suggest you take. Good luck!
Answer 2 :
You don't need a degree! In fact it's a hindrance if you get one as you'll come out in debt and then have to train as an accountant. You will definitely need A Levels. Maths is an obvious one, Further Maths is even better. Other good subjects include Accountancy (unsurprisingly), Business Studies and IT. You'll need quite good grades. During your A Levels (when everybody is applying to university via UCAS), you'll need to find a placement with an ccountancy firm. There are always firms willing to take on young people and they will pay to train you up. This is the best way to do it as you gain experience and the necessary qualifications. Hope I've helped :) xxx
Answer 3 :
Firstly, you need to learn to communicate clearly in correctly spelled English. I'm not being pedantic here - if you want to get the necessary grades you will need to be able to communicate clearly. Start practising now. The best paid UK accountants are, I believe, members of the ICAEW (Institute of Chartered Accountants for England and Wales). Competition is strong and the exams are stiff. Their web-site will tell you all you need to know. Other professional accounting groups are CIMA and ACCA. Again, check their websites for what you need. If you take an accounting degree then you will not need to take as many exams after university - provided the course you take is linked to ICAEW / ACCA / CIMA. Otherwise, after your degree you would need to take another three years worth of exams. By then the economy should be sorted out! Good luck.
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hi, i am close in finishing my GCSE's and i rely need help in deciding wot i want to become wen im older, and a chartered accountant happens to b a career wich is smehow linked to maths and IT which r my gud subjects... i want to kno wot i wud exactly need and how long i mite take in order to become a proffesional accountant , bcoz i dnt hav a clue wot i mite do in College or University. Thank u
Higher Education (University +) - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You would need a degree in Accountancy I believe. This means you'd have to go to university. I honestly don't think there's any other way you could become an accountant (but I'm not sure - you'd have to ask a careers advisor for that). In order to get onto a degree in Accountancy, I suggest taking A Levels after your GCSE's. Most people start with four and then drop to three in their second year. I suggest Maths (though I'm told it actually isn't as important than most think), ICT (if that is what you're good at because an advanced qualification in that can take you far in the field of Accountancy or something else), English Language (very good to have whatever you do) and possibly something like Government and Politics, Law or Business Studies. A Levels are good because if you decide you don't want to be an Accountant, you still have the flexibility to go and do something else. There is loads you could do with the above A Levels. You really need to ask a qualified Career's Advisor because I am no professional, but what I have described above is the route I suggest you take. Good luck!
Answer 2 :
You don't need a degree! In fact it's a hindrance if you get one as you'll come out in debt and then have to train as an accountant. You will definitely need A Levels. Maths is an obvious one, Further Maths is even better. Other good subjects include Accountancy (unsurprisingly), Business Studies and IT. You'll need quite good grades. During your A Levels (when everybody is applying to university via UCAS), you'll need to find a placement with an ccountancy firm. There are always firms willing to take on young people and they will pay to train you up. This is the best way to do it as you gain experience and the necessary qualifications. Hope I've helped :) xxx
Answer 3 :
Firstly, you need to learn to communicate clearly in correctly spelled English. I'm not being pedantic here - if you want to get the necessary grades you will need to be able to communicate clearly. Start practising now. The best paid UK accountants are, I believe, members of the ICAEW (Institute of Chartered Accountants for England and Wales). Competition is strong and the exams are stiff. Their web-site will tell you all you need to know. Other professional accounting groups are CIMA and ACCA. Again, check their websites for what you need. If you take an accounting degree then you will not need to take as many exams after university - provided the course you take is linked to ICAEW / ACCA / CIMA. Otherwise, after your degree you would need to take another three years worth of exams. By then the economy should be sorted out! Good luck.
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Thursday, February 7, 2013
what does a typical accountant do?
what does a typical accountant do?
Small Business - 8 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Maths
Answer 2 :
balances the books
Answer 3 :
our accountant not only manages our sums and makes sure our pennies go to the right places and the tax man gets his correct cut.....she also needs to do her hair its mad!
Answer 4 :
deals with your money matters.
Answer 5 :
Well I've worked alongside loads of them for many years now & here's generally how it goes. They act as boring as possible & put a stop to all fun & laughter in the office (after all this is costing the company in lost productivity). They NEVER spend money on anything, their wife, their kids, their dying parents, NOBODY. They also concentrate heavily on showing as little personality as possible (not hard as they usually don't have one to show). They also drive everyone mad with incessant & unnecessary detail. Another requirement is to wear bland & unstylish clothing. All of the above is pretty much what they concentrate hard on doing. With the occasional profit & loss report analysis & taxation bizzo. Don't EVER have a meeting with one as it will go on all day & some people have been known to become suicidal. Always make an excuse or have a co worker set off the fire alarm as a way of ending the meeting. Your mental health depends on it.
Answer 6 :
Counts beans & shuffles papers?..
Answer 7 :
accountants do a variety of interesting stuff, like keeping the books so you know how much has come in to your account and how much is coming in, what you have spent, what you have left to spend and what you will be spending. they also cost your goods and services so you know how much to charge. they advice you on business deals so you know what is a profitable venture and what is not. they give you guidance on tax matters and where to invest your monies. what you do as an accountant also depends on your qualifications and what field of accounting you are in. hope this helps.
Answer 8 :
For a small business the accountant would: Make sure that all company accounts are balanced and in a good chap. Prepare staff wages and write their cheques on time adding all over time. Pay all bills for the company and be responsible for it. Prepare all company accounts in the end of every year ready for the auditors, and help to sort the VAT out. Be responsible for all tax issues for the company ad all the staff.
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Small Business - 8 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Maths
Answer 2 :
balances the books
Answer 3 :
our accountant not only manages our sums and makes sure our pennies go to the right places and the tax man gets his correct cut.....she also needs to do her hair its mad!
Answer 4 :
deals with your money matters.
Answer 5 :
Well I've worked alongside loads of them for many years now & here's generally how it goes. They act as boring as possible & put a stop to all fun & laughter in the office (after all this is costing the company in lost productivity). They NEVER spend money on anything, their wife, their kids, their dying parents, NOBODY. They also concentrate heavily on showing as little personality as possible (not hard as they usually don't have one to show). They also drive everyone mad with incessant & unnecessary detail. Another requirement is to wear bland & unstylish clothing. All of the above is pretty much what they concentrate hard on doing. With the occasional profit & loss report analysis & taxation bizzo. Don't EVER have a meeting with one as it will go on all day & some people have been known to become suicidal. Always make an excuse or have a co worker set off the fire alarm as a way of ending the meeting. Your mental health depends on it.
Answer 6 :
Counts beans & shuffles papers?..
Answer 7 :
accountants do a variety of interesting stuff, like keeping the books so you know how much has come in to your account and how much is coming in, what you have spent, what you have left to spend and what you will be spending. they also cost your goods and services so you know how much to charge. they advice you on business deals so you know what is a profitable venture and what is not. they give you guidance on tax matters and where to invest your monies. what you do as an accountant also depends on your qualifications and what field of accounting you are in. hope this helps.
Answer 8 :
For a small business the accountant would: Make sure that all company accounts are balanced and in a good chap. Prepare staff wages and write their cheques on time adding all over time. Pay all bills for the company and be responsible for it. Prepare all company accounts in the end of every year ready for the auditors, and help to sort the VAT out. Be responsible for all tax issues for the company ad all the staff.
Read more other entries :
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