'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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Friday, July 1, 2011
Tuesday, June 28, 2011
'Chartered Accountant'?
'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.
Read more other entries :
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.
Read more other entries :
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.
Read more other entries :
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
Read more other entries :
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
Read more other entries :
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.
Read more other entries :
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 :
Saturday, May 28, 2011
pissed off accountant?
pissed off accountant?
i have worked in accountancy practice for 8 years and have gained AAT and 75% of ACCA during this time on top of A levels. I started on £80 a week and while my mates were earning much more doing manual jobs I kept telling myself that one day I would be earning a fortune. this however seems to be untrue as all this experience later I am still on crap pay and at 26 am still working my nuts off to pass exams when most people i know stopped doing exams when they were 16! job searches for people like me reveal that pay elsewhere isnt much better and qualified accountants dont earn megabucks. if i could go back i never would have become an accountant knowing what i do now. just wondering if any other "student" accountants feel like this?
United Kingdom - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Oh yes, I quitted accountancy about three years ago.Payment was s**t .Now I have another job which has nothing to do with it,and earn more money,have less problems and don´t need to study anymore.Up to you!
Answer 2 :
Good evening, firstly there is no need to swear really, a proffessional accountant wouldnt be. From what I know about this occupation it does earn high income, however it does depend on what type you are. Chartered tend to earn more, people are seeking for people who can use Sage and the other leading finance systems. You should contact some local accountacy firms and ask about any vacancies available, and more importantly the salaries. Then, Step 2, if you get a higher wage, tell your current employer and they should either offer to pay the same, or more. It is a good idea to not concentrate on one or two particular companies, but to actually try up to five.
Answer 3 :
Until i became a parent I worked 12 years in accountancy...unqaulified....and i was paid loads. Reason for the good pay was (i think)because i managed to get into a local private practice....is that something you should consider?
Answer 4 :
An accountancy qualification and relevant experience can be a passport to higher jobs. For example you could eventually become the chief finance officer of a major corporation, then you would be earning megabucks. I once knew a young accountant who had worked for the civil service. He joined a small company as an accountant and soon became its finance director. He then left to become the managing director of a larger company. A very ambitious young man who knew what he wanted and went after it.
Read more other entries :
i have worked in accountancy practice for 8 years and have gained AAT and 75% of ACCA during this time on top of A levels. I started on £80 a week and while my mates were earning much more doing manual jobs I kept telling myself that one day I would be earning a fortune. this however seems to be untrue as all this experience later I am still on crap pay and at 26 am still working my nuts off to pass exams when most people i know stopped doing exams when they were 16! job searches for people like me reveal that pay elsewhere isnt much better and qualified accountants dont earn megabucks. if i could go back i never would have become an accountant knowing what i do now. just wondering if any other "student" accountants feel like this?
United Kingdom - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Oh yes, I quitted accountancy about three years ago.Payment was s**t .Now I have another job which has nothing to do with it,and earn more money,have less problems and don´t need to study anymore.Up to you!
Answer 2 :
Good evening, firstly there is no need to swear really, a proffessional accountant wouldnt be. From what I know about this occupation it does earn high income, however it does depend on what type you are. Chartered tend to earn more, people are seeking for people who can use Sage and the other leading finance systems. You should contact some local accountacy firms and ask about any vacancies available, and more importantly the salaries. Then, Step 2, if you get a higher wage, tell your current employer and they should either offer to pay the same, or more. It is a good idea to not concentrate on one or two particular companies, but to actually try up to five.
Answer 3 :
Until i became a parent I worked 12 years in accountancy...unqaulified....and i was paid loads. Reason for the good pay was (i think)because i managed to get into a local private practice....is that something you should consider?
Answer 4 :
An accountancy qualification and relevant experience can be a passport to higher jobs. For example you could eventually become the chief finance officer of a major corporation, then you would be earning megabucks. I once knew a young accountant who had worked for the civil service. He joined a small company as an accountant and soon became its finance director. He then left to become the managing director of a larger company. A very ambitious young man who knew what he wanted and went after it.
Read more other entries :
Saturday, May 14, 2011
Accountant Vs Financial Advisor?
Accountant Vs Financial Advisor?
Well I was wondering which is a better career to pursue and why? Are these careers fun? Compare the salaries? please help :)
Financial Services - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Financial ad visor more money allot more stress. It is also a mans industry but very slowly changing. Accountant good money less stress 8 months of the yr I say accountant
Answer 2 :
Accountant. Because you can be a Financial Advisor anyway if you're a qualified accountant. Define fun. Unless you like numbers, neither of them are exactly fun.
Answer 3 :
I'm a chartered accountant. It's not fun, but it's a "meal ticket for life" - that's what a tutor told us when we were working towards the qualification.
Answer 4 :
The role of the Accountant is to maintain the transaction connected with income and expenditure, assets and liabilities. Whereas the Financial Advisor takes care of the financial budget of the various sections of the organization and periodically monitoring the same for the adverse and favorable financial position. Both are important for the organization. Selecting the career depends on qualification and experience.
Answer 5 :
Im an accountant. The aat qualification isnt fun learning, but is very worthwhile.. Three years of very hard graft though. Good luck whichever you choose :)
Read more other entries :
Well I was wondering which is a better career to pursue and why? Are these careers fun? Compare the salaries? please help :)
Financial Services - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Financial ad visor more money allot more stress. It is also a mans industry but very slowly changing. Accountant good money less stress 8 months of the yr I say accountant
Answer 2 :
Accountant. Because you can be a Financial Advisor anyway if you're a qualified accountant. Define fun. Unless you like numbers, neither of them are exactly fun.
Answer 3 :
I'm a chartered accountant. It's not fun, but it's a "meal ticket for life" - that's what a tutor told us when we were working towards the qualification.
Answer 4 :
The role of the Accountant is to maintain the transaction connected with income and expenditure, assets and liabilities. Whereas the Financial Advisor takes care of the financial budget of the various sections of the organization and periodically monitoring the same for the adverse and favorable financial position. Both are important for the organization. Selecting the career depends on qualification and experience.
Answer 5 :
Im an accountant. The aat qualification isnt fun learning, but is very worthwhile.. Three years of very hard graft though. Good luck whichever you choose :)
Read more other entries :
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