Accounting uk reddit. I am not complaining though.
Accounting uk reddit.
How to get into accounting? UK .
Accounting uk reddit They will hire 100 other kids that are just as, or more talented than you. I'm a completely newbie and I need a course that will fit around my full-time job. What other options do i have? Add any experience with excel. Then you can complain on reddit how your company has gotten so big that QB is not meeting all your needs. If you want to do a degree, do it out of interest! Hi all! I wanted to preface by saying that I'm an actuary working in the UK, so I'm not too familiar with accounting pay progression etc. Big 4 give similar PTO in the US to UK, I know because I worked with Deloitte UK and US. I would say if your job doesn't easily affect your wellbeing, and earning money is a motivator then accounting is easy I think the real difference is that during busy season a lot of your deadlines can be internal and flexible, whereas IB can have strict deadlines with clients in a matter of 1-2 weeks, or even less. I started applying for accounting jobs just before finishing the Need help with my entry level accounting CV (UK based with a degree) Career So I am trying to break into accountancy and would really like some help with my CV, Im based in Leeds in the North of England. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. If you wanted to do a MSc in Finance afterwards, a lot of places would want more proof of quantitative ability. Public accounting Most accountants I know in the UK didn't study accounting at university. I’m sure there was some statistic that more than 50% graduate scheme accountants are taken in from degrees not accounting related in the big4. We use the same accounting ways as UK and US. The #1 subreddit for Brits and non-Brits to ask questions about life and culture in the United Kingdom. but yeah pretty much a cooling period to transition from We would like to show you a description here but the site won’t allow us. In the future I am interested in setting up my own practice/ working as a freelance accountant . And they’re likely pay your cpa/other designations. I'm a pretty good example of an over-educated millennial. I think accounting firms should do this. I’m 28 and had no accounting experience and decided to self-study AAT Level 2 whilst working full time in retail. Hey all, I am after some advice on securing my first role in accountancy. and I did an undergrad degree in accounting w/ Hist/econ minors then did a dual degree program getting a masters of accounting/Juris Doctorate in 3 years. Not sure how much advice I can give, of my big 4 intake I’d say I’m by far the least successful/lowest earning. Have a think about what area you want and why If you have zero experience then have something to say for yourself - for example that tax has had increased media attention in the last 10 years (Panama papers for example, or the fruity stuff that google and amazon etc may be up to), the advance of technology (look up HMRC's Making Tax Digital, or the rise of online platforms like Being paid to learn. In B4, we had hours and hours of training. You can view results here. I’ve only Qualified as ACCA in audit at a big 4. We invite users to post interesting questions about the UK that create informative, good to read, insightful, helpful, or light-hearted discussions. - based on the marketing goals and reporting out on ROI). The experience working in accounting field is transferable nonetheless. I know part of the reason is pay, but public accounting firms are paying more and still struggling with recruiting. I know really smart other business majors, physics, criminology, psych, music majors, who have four year degrees and are extremely smart and should be given a A community intended to provide a place for users wanting to ask questions, create discussions, post job listings or put themselves out there for hiring, all related to the UK and jobs within the UK. Your best bet is joining a UK Big 4 apprenticeship scheme. I was in a group project with them and ultimately led to me working for them as an intern for a bit. One of its prolific subreddits is Reddit accounting communities or r/Accounting, which is dedicated to discussions and sharing accounting-related topics, news, resources, etc. I have recently decided to put my studies on hold and leave university, I am looking to work a job and apply for an accounting degree at a university(UK). Don't know if this info going to matter but my degree is in accounting but it is kindda hard to find a job atm The #1 subreddit for Brits and non-Brits to ask questions about life and culture in the United Kingdom. ACCA again needs working experience and can be self taught, again it’s a different kettle of fish compared to AAT and can take like 6 years to complete. It’s not bad if you like accounting, and you wanted to do it before. K and have 4 exams left but I still don't really know double entry or any actual. Helps if you’re at a firm, industry or practice so you are involved in practical accounting too. This bot wants to find the best and worst bots on Reddit. I had to take business classes including accounting (which were a breeze in comparison) to meet the actuarial requirements at the time. AAT tends to be done by people who have not gone to university, and most people would do AAT before then going on to do one of the three I mentioned above. All it does is provide HMRC with a way to clamp down on the old arms race where tax accountants would find new complicated ways to evade tax with loopholes in legislation. Posts that violate the rules listed in the sidebar will be removed. I said yes, looked at the paperwork from the previous filing, did a lot of research and then had it audited to make sure I was accounting properly for accruals, etc. Rules: - Comments should remain civil and A request for help about your specific situation? Use the 'Support' flair. In audit I have worked with plenty of clients who have Industry accountants, and I have people in my team currently who are in the same position so I have some experience both sides. S if you would like to help Imagine that you are the best student in your accounting class. In London you'll expect 30-35k a year first year with increases each year, 20-28k rest of the UK with increases each year. A place to discuss being or becoming an actuary in the UK. Most of the people in accounting subreddit who are complaining about long hours and yada yada yada are in public accounting which by it's very nature is a slog. My firm currently offers a scheme where you study both the AAT Level 3 and 4 alongside full time work for 2 years, and then move on to study the ACA for 3 years (total 5 years) View community ranking In the Top 5% of largest communities on Reddit. true. Also, I was able to create a company in which tax is only 20% of my annual revenue. These schemes have progressed beyond the traditional “school leaver” route to appeal to people of all ages. More and more clients using it here in the UK though due to a big marketing drive. There are a range of mid tier firms whose fees will be a little lower: Blick Rothenberg, Smith & Williamson, Grant Thornton, BDO, etc who have smaller US Most accounting systems are web-based now and will run in popular browsers on Windows and other operating systems. CSCareerQuestions protests in solidarity with the developers who make third party reddit apps. In the UK if you are not qualified its £20k "public" and £24k+ industry. Posting about this subreddit, or reddit in general? Use the 'Meta' flair. is an energy + technology company originally from California and currently headquartered in Austin, Texas. If you are not adjusting for factors like hours worked that a few European countries still pay more but that seems absurd you have to adjust for hours at a minimum because you can get two jobs in European countries or work more at certain companies etc. That said, I think that the CPA actually does perform a similar function to boards by ensuring that those with the CPA qualification all have developed a set of mastery that should theoretically have been taught in their courses up to I am on the fence about making a career shift into accounting from my career in advertising. Once you’ve landed an internship or associate-level job in either tax or audit, stick with it for a few months and then ask to switch to the other if you hate it. A community intended to provide a place for users wanting to ask questions, create discussions, post job listings or put themselves out there for hiring, all related to the UK and jobs within the UK. Yes it was expensive but it was definitely worth it in my opinion. In my previous office job pre-pandemic (not accounting-related), management required all new hires to come to the office for at least a year. What sort of qualifications would I need? At the moment I'm doing an apprenticeship in admin (mainly doing purchase orders, sales orders and invoices) and I'm also studying AAT level 2 on the side. Graduated in 2022 with a 1st class degree in Accounting and Finance, then realised my degree aint worth shit, as im having no luck finding jobs. It's very different in the UK, but I have a CIMA qualification rather than the UK equivalent of CPA (ACA). You can also do the exams in 1 year on accelerated courses, I know the big 4 offer this, but still need 3 years experience to charter. So if you want EU, I recommend Ireland. As an accountant I wouldn't think this resume showed any familiarity with accounting. I said I’ll take it a step further and get a degree in it. It’s alright, quite a varied role and I doubt it’s as technically challenging as tax and audit. My question is, does it matter what university I go to? Will it have a huge impact on my potential job in the In the UK you could get an accountancy role with that diploma, which is likely to be a book-keeping/accounts assistant type position. P. very slow marking on practice papers (in one case we got our mark back literally the night before the real exam so pretty much no time to do anything about it), no responses from tutors, errors in the course notes, etc. A whole lot of stereotypical falsehoods man. ACA, internal audit, mid tier firm Difficult exams but good qualification. Then you can retire and sip Carribean rum Get the Reddit app Scan this QR code to download the app now This is a subreddit created for the benefit of accountants and prospective accountants who are primarily based in the UK and would like to share their stories, experiences, ask questions and learn more about the profession. I have an Economics degree and have just started studying for my AAT level 2 qualification off my own back, which I should achieve within a It'll be things like UK tax that will take some time to learn. Well if you’re in the UK and this is a company that you actually aspire to work for then yes,If you want to you can always pursue ACCA on top of CIMA,ACCA is much broader and gives you a perspective at all different aspects of a business without going into depth of any,It’s basically a chartered accountancy qualification,while CIMA goes into depth about management However, my question is which degree out of Accounting & Finance or Economics is considered more "desirable". S. Good on you for going through exams. Took a few months to look for a new job. I am not complaining though. can any UK accountants give me an idea of how their career has changed over time? Did you work abroad, switch industry etc? stayed in accounting (became partners or in house FCs I'm the controller of a demolition and abatement company. reddit's new API changes kill third party apps that Get the Reddit app Scan this QR code to download the app now. Wᴇʟᴄᴏᴍᴇ ᴛᴏ ʀ/SGExᴀᴍs – the largest community on reddit discussing education and student life in Singapore! SGExams is also more than a subreddit - we're a registered nonprofit that organises initiatives supporting students' academics, career guidance, mental health and holistic development, such as webinars and mentorship firm that paid her absolute . Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. I work 7. Every job has its stresses. I’m considering majoring in accounting but first wanted to get an idea of what the day to day life of an Accountant is like. View community ranking In the Top 1% of largest communities on Reddit. Even if I don't reply to your comment, I'm still listening for votes. I love the problem solving and creating efficiencies part of it. It's free up to a certain number of transactions but from memory but the paid version is only £60 + VAT per year. Loads of grads in London do. Even so economics is a more respected degree than accounting. By the time you are fully qualified you're twice that wage, Manager is 10k more or you can hope to industry for at least a 5k bump, and keep hopping. The current shortage of experienced people to hire is the beginning, I don't think our job market will "cool down" for a looong time, as it takes 10~ or more years for the market to adjust to a labor shortage since it takes that long for someone to decide they want to do accounting, and become That sounds really low for public accounting (which generally starts at about 50-55k), but for industry accounting that may be more correct especially if it's including AP/AR/clerk type positions. Members Online. Get the Reddit app Scan this QR code to download the app now in the industry I don’t quite grasp a real-life scenario where I would incorporate DA with services provided by accounting firms (specifically risk advisory services, since that’s the majority of my current work). I think BigThink has one. Unfortunately if you want a more senior position later down the line like Financial Controller, employers tend to look for those that are fully qualified. Although I find accounting interesting and it’s what I’m more focused on at the moment, it scares me when people tell me about their experiences of being an accountant. Over here, CIMA, ACA, ACCA are all held to roughly the same esteem. With operational stuff I feel like they finish closing the books for one month, and then they have like a quick 2 week turn around before they need to start closing the next month. I am just finishing ACCA with no prior accounting exposure and the first few modules are essentially accounting 101. I am going to cross post this thread to r/Accounting (), since i want to hear opinion of experts that may or may not have done either in their life. Progression within a firm can be going up through the audit ranks, going into another area (advisory A community intended to provide a place for users wanting to ask questions, create discussions, post job listings or put themselves out there for hiring, all related to the UK and jobs within the UK. Check the webpage to see if your vote registered! Get the Reddit app Scan this QR code to download the app now. There are some boring aspects to my job but fundamentally I’ve always been professionally challenge and We had BPP and most people including myself had issues e. I don’t like how we NEED an accounting major, but thats how they weed people out. I meant do you want to work in an accountancy practice, maybe one of the big 4. As this is a newly created group, please be proactive in asking and answering, I hope to build up a strong accounting community. For Students and Reviewees: Ask questions, post review materials, and share your experiences For CPA professionals: Share your experiences, give advices, ask for help For EVERYONE: Enjoy your stay and welcome to a material world. Once I realized I was practically failing out of the actuarial program (I would have had to wait until 2nd semester of my junior year to retake those 2 classes) I considered switching to accounting. Australia has absolutely way more designated / qualified / recognized accountants than Canada, and way less people overall. CAS does a bit more with mathematical modeling things than SOA. Very non typical but basically -> manager -> bookkeeper-> compliance -> logistics accounting The big 4 accounting firms all have US/UK teams. In Canada, more than 217,000 members serve the accounting and finance needs of 37. It's really just too quick for me. However I guess our bad experience with accounting is not unique to us. I don't come from a traditional financial A general anti-abuse rule does not make it illegal to optimise your tax bill. As far as path, I studied finance and accounting with a lot of personal studies into Reinsurance and Insurance. Day to day accounting is annoyingly easy to get wrong, and paying a professional a small fee for the reassurance that your business finances are being sorted is an easy win imo, but I'm an auditor so not exactly objective. Seeing the salaries for software engineers, does anyone feel that they should have studied software engineering instead of accounting. Accounting is on a par with degrees like business management. Last year in October, I decided to quit my job in sales to take on a master's degree in accounting and finance. I'm a 21yo male. ACA requires really to be working and have experience in a big 4 accounting firm. Or check it out in the app stores you do more technical accounting work as you go up, but also have to review the mundane work so it gets more boring in those elements. If I was in your position. Compared to your US accounting salaries, yes they are pitiful. I'm personally trying to move into a governmenral role where culture and work and hours are much better. After doing a little bit of research, though, I'm not sure if I'd cut it as an actuary. please be proactive in asking and answering, I hope Yeah I enjoy it, I like having a predictable schedule that isn't as cyclical as normal operational accounting work. I don’t know what your current role, but as someone who has worked in various accounting roles. Also, for accounting assistant at Newham Council, just put work experience in brackets next to Accounting Assistant, rather than in the council’s name. I’m 30 and have been working in paid media planning (basically managing clients ad budgets from deciding where to spend - TV vs. reddit's new API changes Yes, IT audit is bad, arguably one of the worst service lines in public accounting. It was so frustrating and it wasn’t like I I would like to pursue a career in Accounting/Finance, but I see a lot of people with differing opinions on whether this degree is worth it in the UK, so I just want to hear others' thoughts CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Msc in Finance is an option, but this is 40k ish at top unis like UCL, LSE, KCL etc. The thing about accounting jobs is that they are not all the same. UK is not in the EU. My background: Humanities/social sciences undergrad (with lots of economics and some moderately advanced math classes, no accounting specifically) + master's degree both from a top 5 US university, 2nd social sciences master's degree from a top UK university. but the recorded lectures were pretty good and some of the individual tutors were really good as well, The #1 subreddit for Brits and non-Brits to ask questions about life and culture in the United Kingdom. (AAT) and individuals interested in UK accounting and finance. I’m nervous to pursue accounting generally because of all the advancements in technology including artificial intelligence. The exams are comparable to accounting from what I can tell, take about 3-5 years. All the people in my friend circle have the same feeling about the industry. However instead of stressing to meet an audit budget or finding the hours to finish an audit, now its the stresses of managing the numbers to meet financial covenants, of having cash available to make payroll and other expenses, and having to deal with co-workers who aren't at all If ACA/ICAEW does not need prior experience, it seems like the best choice, but it requires sponsorship from an employer. I'm in a lucky position where my partner is working full time & can support us financially if need be so pay isn't a huge concern, I'd rather just do it the most beneficial way. It helps me get a job in accounting. No, you aren't limited to it. A lot of clerk/bookkeeping positions start around 30-40k but most of those just require a two year degree or related experience. I would hesitate to go to what are basically non-target masters programs in the UK. More challenging and leaves you with more options at PG level. Businesses won't even invest in decent accounting software, the market leading software is absolute shit and it'll be easier if we all went back to paper ledgers! Sorry to be so frank but you need to know the good and the bad. I honestly think I would have given up on accounting as I was running out of patience. I definitely think it’s one of the best accounting jobs out there for the way I work. Accounting is a very broad area and covers many many different roles. Their mission is to accelerate the world's transition to sustainable Best friend was majoring in accounting and my mom is an accountant. social Media vs. A few hundred accountants, offices all over the S. - Do not post personal information. Costs are not 35% high, maybe in NYC and a few other HCOL, but even those are not 35% higher than London. Topics of interest could be IFoA related (particularly studying to qualify) and discussion of the roles actuaries hold within industries such as pensions, insurance, investment, governance etc. I live in Utah but work remotely for a firm based in NYC which boosted my comp significantly over working for firms locally. You ask a question about starting, owning, and growing a small business and the community answers. They don’t really care about you having an accounting degree at all. - All reddit-wide rules apply here. The tricky thing is that they want you to answer in a very specific way hitting certain points, and using a fixed structure, which takes practice. To get to the point I currently work in practice mid-tier firm focusing only on tax. Many employers won't care about a double major in computer information systems, they know it's just to get to 150 hours. Reply reply ArrantsBookkeeping AAT qualifications will get you the jobs in the UK. If you're serious about getting into finance, you're better off either a) re-applying to actual target masters programs or b) getting a job for now then revisiting things in 3-4 years time looking towards applying to top MBA programs. U. Self-driving cars will happen, but not as quickly as reddit wants to believe. This is a friendly reminder that r/smallbusiness is a question and answer subreddit. For context £50k is quite a lot compared to the UK average, which is about £30k. They are obviously more expensive but can be good if you have wider needs, VAT assistance, or advice for multiple countries outside US/UK. This is a subreddit to discuss all things relating to gaining financial independence and retiring early (FIRE) with a focus on the UK. E. 5 hours every day, depending on what I have going on I can be working for the full 7. If you need to provide more detail use Modmail here or Reddit site admins here. And you are correct that we advise to get out of the industry, but my advice is just as bias as my very personal experience. I occasionally do company year end accounts, a bit of payroll, plus That’s a bit apples to oranges considering the ramifications of a doctor being unprepared and an accountant being unprepared. Xero much better. I know because it’s exactly what I Got the job because the controller of the company started accounting in the 80s and never got a college degree and was going back to school to get their accounting degree/CPA. accounting is VERY different than what you do in school due to how much software is used during t I am doing an internship at a mid-tier firm and I am realizing this. ACA, ACCA and CIMA are the most highly regarded. Nah it’s low for anywhere. accounting. I have the option to do an ACCA but i do not enjoy accounting like i enjoy finance. Also, people act like the “AI revolution” is literally going to be this on/off switch where one Before entering public accounting, you can take elective classes for either tax or audit in college or you can also grab a coffee and pick the brain of professionals you’ve met. See r/TeslaLounge for relaxed posting, and user experiences! Tesla Inc. Now you are just an average employee and have to outshine these other gems just to keep up. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. A number of elements of my study so far meant i had exemptions on certain parts of the studying, i am working my way through CIPS now. The CPA salaries are good, but nowhere close to a software engineer nowadays. In most cases, if you want to get to a decent paid accounting position in the UK you will need a professional qualification. I dont see any verbiage suggesting it. You can look at auditing, tax advice, business advisory services or you can work in industry. Of all the accounting/finance roles, why would they think they could outsource FP&A? FP&A has such high visibility with the executive team and works closely with the different product lines at every company I've worked at. This forum provides a platform for discussions, knowledge-sharing, and networking among accounting I don't plan to ever return to public accounting, but this makes it tempting for a year or two. At the time it was a pain in the ass (graduated in may) but walking across the stage and holding up two diplomas like a pro wrestler with two title belts made it all worth it. Not to undermine accounting degrees, but in the 3-6 years it would take to do the degree, you could complete all of the exams with ACCA/CIMA (via self study/Opentuition etc) and become chartered in less time than it'd take to the degree. I would do Economics or Accounting and Finance instead if possible, but that's just my view. Earning more is going to depend In the uk your degree doesn’t matter much for any industry bar engineering maybe and other very specialised areas. The accounting world is shifting and CPAs no longer want to do bookkeeping to be able to get to financials or tax filing. please be proactive in asking and answering, I hope Honestly, I have a weird theory about accounting services -- and I don't think that people in their subreddit would entirely disagree. He works like crazy 2-3 months a year, then tends to have a very easy schedule for a while, picks but up towards the end of August for Oct, then again a few months of an easy schedule. There are a few professional bodies in the UK - ACCA, ICAEW (England & Wales), ICAS (Scotland) and ICAI (Ireland including NI) being the main ones, but there also "specialist" ones for management accounting (CIMA) and the public sector (CIPFA). If you want to ask any more questions go ahead and DM me. A lot of my graduate intake left after 3 years, either to other client-facing roles internally, or externally into industry, doing a variety of jobs such as financial reporting, internal audit and management accounting/decision support. There are any other cities across the US with varied costs so again this is so stereotypically wrong. Accounting is stability, and if you’re willing to work hard, you’ve got a set path to stability if you keep putting one foot in front of the other. I would re-do my A-levels then look for a School leaver scheme with an accountancy firm. Accounting is broad, if you have a CPA you can work most different service lines. Make sure to read the rules before posting to ensure your post is helpful and doesn't get removed. After a year, you can choose to be remote anywhere in the country if you’re competent enough. That does not excite me one bit. Beyond that, I would recommend learning more about the CPA certification, the requirements to earn it, the types of work accountants do (audit versus tax, The accounting profession in Australia has a combined membership of approximately 340K members. After that, I moved onto logistics accounting, where I am now. Our accounting bodies are the same as the ones in UK (ACCA being the best and most looked for at the moment) so if you've already looked at what you need to succeed in UK, you know everything you need to know for IE, too. Accounting is a stable career, because businesses need it & most people don’t want to do it, but accounting is a cost center for a business. Maybe look at some intro to accounting videos on YouTube as a start. I’m also very good with Excel/VBA and good with Alteryx, SQL, and Python. 5 hours or browsing reddit for 75% of the day. Now I’m a fund accountant earning 40% more than my assistant manager salary in audit, and only work my contract hours everyday (except busy season where I If you’re a quick learning I’d go straight into ACA/ACCA. 5 years audit, 1. However in the far future Id like to have the choice of possibly going into finance or investing management and i'm worried that a student programme would close off that option but then again a degree would leave me in debt for years. I'm aware there's an inherent bias in asking the actuary subreddit whether or not I should take being an actuary over something else, but, at the moment, I'm a little bit more interested in actuarial work than I am that of other fields. I’ll kick thinks off, audit & accounts senior (5. In the UK we join with any degree, accounting preferred but you get people from all backgrounds, and begin a 3 year (or longer) qualification. It's about £1800 take home, you can get a room in a house share for about £700-800 including bills if you don't mind living in zones 2-3 rather than zones 1. 5 years post-qual same job, will probably move in the new year to be closer to home. - No 3rd party URL shorteners - Questions related to career entry go in the monthly [UK[Trainee accounting, how many hours do you have to study for the ACA outside of work hours, and for how long throughout the year? Reddit Community for present, past, and future AFROTC cadets. The accountant supply and demand is going to be a clusterfuck over the next decade. Another option to this is CIMA which is more management accounting. A friend recently asked me about salary progression comparisons between being an Actuary and an Accountant, as they were interested in both. Hi I worked at crowe for 13 months at the start of my training agreement, They’re an okay firm but don’t value their people, They also don’t care about audit quality and will just copy and paste last years work and sign that off, so if you want to learn anything go somewhere else The work life balance is better than the big 4 but they do still expect a lot of overtime for no extra pay In the UK, your best options for qualifications (in my opinion, at least) are to either: Get a training contract with an accounting firm such at one of the Big 4 (or any other firm really) and study towards becoming an ACA; or Go straight to industry and do the ACCAs One of my closet friends works for a fairly large regional accounting firm. radio vs. How difficult is the accelerated (3-year) program? That financial accounting experience in industry has given me a massive advantage over those who have only worked in tax, because I understand the accounting so well. If you go into the Big4 the world is your oyster re internal transfers really. Searching for a new career & I'm really interested in accounting, but could do with some guidance on the best route in to it. S if you would like to help £55k, under an FD, managing 2 finance assistants London 3. It’s the same with people on reddit who sweat that the self-driving car revolution is imminent. This is a subreddit created for the benefit of accountants and prospective accountants who are primarily based in the UK and would like to share their stories, experiences, ask questions and learn more about the profession. IB hours are also a lot more unpredictable whereas in accounting you I came to accounting in my early 30s having been a teacher since the age of 22. It's basically an analysis and recommendations report. More importantly however, the behavior of reddit leadership in Get the Reddit app Scan this QR code to download the app now This is a subreddit created for the benefit of accountants and prospective accountants who are primarily based in the UK and would like to share their stories, experiences, ask questions and learn more about the profession. Mostly I’m evidence that if you’re reliable and competent you can still earn healthy money in accounting despite being lazy / not overly invested / still regularly posting on Reddit at work age 37. Look up top 50 accounting firms UK, apply to all of them. If you have your degree in accounting, talk like an accountant. Although payed exists (the reason why autocorrection didn't help you), it is only correct in: . They probably have It depends. The corporate controller at my current company is the equivalent of the CFO, the director of accounting reports to him. 2 because I was severely depressed) and I'm actually doing my ACCA qualifications in the U. 7 million. I think that they'll make the accounting standards and the tax codes as complicated and just hard enough so that it can be managed by our current levels and technology and manpower. Or check it out in the app stores TOPICS though some of that is due to difficulties caused by the bonehead accounting practices at my job established by my manager. Hey guys, I just wondered if you good give me some advice on a online course I'm looking at. But you have a masters and a CPA with experience so you'll know how to research accounting issues. Most jobs in industry will ask for you to have one of these without caring about which one, My first job in accounting, I report to an ops controller ($80k, food services supplier), who reported to a division ops controller, who reported to the division controller, who reported to the CFO. Describe your accounting skills and knowledge since the experience is Do not waste your time or money doing an accounting masters. I know a lot of people who studied civil engineering or science subjects. I am UK based, have worked four years in top 10 Practice (External Audit), ACA qualified, and have since worked in Industry for a year. Accounting as a profession has usually been pretty safe in exchange for a salary lower than average, but this is This is a subreddit created for the benefit of accountants and prospective accountants who are primarily based in the UK and would like to share their stories, experiences, ask questions and Just wondering if anyone in the UK is willing to say how much they earn and their job title. Please report any suspicious users to the mods of the subreddit using the report feature on a post or comment. I had training on funds accounting, mining industry accounting, manufacturing accounting, etc. I prepare management accounts, do month end journaling, prepare budgets, re forecasts, cash flows plus some more finance business partnering stuff like KPI reporting, analysing projects, profitability analysis, preparing and presenting reports to senior management. But as soon as you enter qualified or part qualified you are looking at £30k+ most places, industry always being a bit higher. Looking through a couple options mainly; doing a school leavers program specifically for accounting or the degree. That said, I think that casualty actuaries get a LOT more variety, more interesting problems, and, well, less rigid type of accounting stuff. You need to focus on them, standard requirements are: Minimum 120 UCAS points in your A Levels (or equivalent) Minimum B (or 6) in GCSE Maths and English Lang. Case Study depends what you're good at. I don’t want to spend a lot of time and money on a skill that will be wiped out by computers. Unfortunately, I think the bigger issue is that the US pipeline of accounting students and graduates is shrinking thus even with a scandal there might not be much of an alternative if we aren't producing many new accountants. The good thing is the CPA helps you a lot transitioning into the better paid banking jobs since you become very comfortable with financial accounting concepts. The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. With the incoming recession, cost of living crisis and rising mortgage payments, it will be interesting how people navigate through this for salary increases. And if you do go for a UK qualification they'll teach you what you need to know anyway. 5 years experience and nearly ACCA qualified) - £32,000 I found the contract and legal aspects far more interesting than the accounting process, i suppose it comes down to what are you interested in. - No facebook or social media links. I know these salaries probably suck relative to workload, but with so many Controller positions out there in average COL areas offering $100-120k, this would be 160 votes, 85 comments. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. But you could transition into other roles in big organizations, such as mergers and acquisitions in accounting, and so many gigs in banking with ingenuity and interest. Accounting is necessary, but doesn’t generate Hi All, Appreciate your time reading this post. But everyone else hates it and was planning their exit trajectory after a few months in. Thank goodness for reddit; I have gotten some pretty good practical advice from here. I have a Master's in Accounting and Management and I do want to pursue a career in accounting and to obtain a professional qualification like ACCA, but at the same time, I have heard there is a high turnover at PwC because of the strenuous hours, lack of empathy from managers, sleep deprivation. Personally, I use Quickfile. We would like to show you a description here but the site won’t allow us. I love financial accounting, but I feel half of my job is just copy pasting and data entry. Get a list of the top 50 firms, find the ones with offices near you, or where you’re willing to Best beginner books on Accounting (UK) This is embarrassing but I have a degree in Accounting & Finance (got a 2. Advice on getting a job in accounting - UK . The most important suggestion I have is finding a niche, there are 10s of thousands of accountants in the UK, but how many that have specialised in say the space industry or something random, where there are very specific terms and lease agreements and so on. Companies hope to get away with a bookkeeper and base the salary at that of an accounts payable person. Hell yeah. I'm great at that, and writing essay answers, and found it easier than anything at Professional or Advanced level. g. YouTube etc. UK accountants, what is your job history? I'm 25 and will be qualified in a few months. I guess you want to be confident in getting into the kind of accounting job where you could have more flexibility (than say a tax-only accountant firm) Note: bookkeeping and accounting are two different things - if you have a lot of invoices, consider hiring bookkeeping services to keep your software up to date. ACA requires specific employers to sign off, normally accounting firms, so if you're not working in an accounting firm ACA isn't really an option. - Do not spam. Royal Docks seems a bit of out of place, unless that’s the actual council’s name. My mom didn’t have a degree in accounting but learned on the job since she started in the 70s with the company. Welcome to the unofficial Elementor subreddit, the number one place on Reddit to discuss Elementor the live page When you look at the adjusted stats many Europeans countries make more per hour. FTFY. 4 of my teachers in my school have dropped out of accounting due to it being too ‘stressful and long-working hours’ and from what I hear in the comments on this reddit When I was in highschool back in 2016 I had my college choices narrowed down to either accounting or computer science because I liked classes in both in highschool. Any advice on great accounting software for a small business? Looking at quickbooks and would love something that tracks expenses/income but also inventory and can connect with incoming sales. I'm looking to get an accounting apprenticeship in the UK (not big 4). We were also trained to use tools like Alteryx, Tableau. Apparently Economics is better if you can get into a good university, but I'm still unsure as it is less focussed than an accounting and finance degree. Audit/Tax in Public Accounting: AICPA Career Paths Many seek to start in public accounting firms because of the various client opportunities and wide range of work experience in a short compacted amount of time. How to get into accounting? UK . In my opinion, a masters in accounting in the UK is useless. An accounting certificate from a recognized university will get you started and now there are certified bookkeeper designations. reddit's new API changes kill third party apps that offer accessibility features Hey there Reddit, I'm new here and thought I'd ask a question about accounting. After the 3 years 50-60k. Accounting Subreddit for Filipinos Students, Reviewees and CPA professionals are welcome here. ACA graduate schemes will get you Chartered in 3 years and don’t care what your degree is in. And if you haven't already started putting away 20% towards your first tax bill, do it. I’m a tax manager, so I do tax returns for individuals, sole traders, partnerships, landlords etc. . AAT is a good place to start! FROM WHAT I UNDERSTAND (take this with a huge grain of salt), if you're more into accounting type stuff, I recommend going for the SOA side. Every now and again there is a post on UK salaries. I feel like a lot of the wording could be made more concise, and bullet points could be shortened to key Greeting experts of reddit, i am a freshly graduate university and would like to ask some question regarding my career going forward. xvnewacbuwliaoztcnzcfdectgxctqngijddwkuhhfstjajmyeffg