Is there an accountant out there who would be willing to check my coursework on the cash budget?
Hi Its quite lengthy but if you are able to give me your email address... either publicly or privately then I can email it. It shouldnt take too long to check. I will give like 50 points or something to the best! thanks. haha oh? I thought you could just donate some of your own points, obviously not! I know I doubt i'll get anyone who would! But you never know, there might be a very bored accountant out there! lol
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Don't hold your breath. Do you really think your going to find one that will do it for free. They can't do anything with 50 points (its 10 for a best answer)
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Tuesday, December 28, 2010
Tuesday, December 14, 2010
What qualifications are needed to become an Accountant?
What qualifications are needed to become an Accountant?
hi, i was looking onthe ICS website and they have a course called 'IAB Level 3 Diploma in Accounting & Advanced Book-keeping' and it says 'This qualification allows you to apply to the Association to become a member and use the letters MIAB after your name, offering you a wider choice of career opportunities', but im not sure will i be able to become a member of the ACCA after getting the diploma or will i have to do other courses through the ACCA. Thanks, any info will be great.
Home Schooling - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accounting Career Your accounting career starts here. Here's the qualifications you need to become a qualified accountant in the next 3 or so years whether you want to specialise as a tax accountant or study for the Chartered Institute of accountants or the other bodies such as ACCA or CIMA. What is an accountant ? Most people think of a grey boring man or a glorified bookkeeper counting beans but in reality a good accountant will keep the cash flow positive and ensure the whole organisation understands profitability. Only qualified accountants can legally approve accounts (see below) and you can have a career as a finance director or an auditor. It depends on what excitement you want ! Other accountants specialise in tax planning, insolvency or small businesses. Why Become an Accountant ? Accountants are rarely unemployed as every business needs to have their accounts prepared and approved. Larger businesses employ a Finance Director (CFO - chief financial officer) to manage not only monthly account preparation but also longer term financial planning. The role of an accountant Accounting Qualifications To become an accountant you'll generally need a reasonable degree although it's not essential but a degree will get you exemptions from some of the exams. The first part though is to choose which accounting body you wish to study towards and what type of accountant you want to be. There are three main accounting bodies - The Institute of Chartered Accountants in England and Wales (ICAEW), the Chartered Institute of Management Accountants (CIMA) and Chartered Association of Certified Accountants (ACCA). Which one you follow is dependent on where you wish to end up in life. ICAEW and ACCAs are allowed to sign off audited accounts so if you want to go into practice (eg: PriceWaterhouse etc) then these are for you. The ICAEW is always the preferred option and they have a higher standing. CIMA folks can not sign off audited accounts and people studying for this generally target commerce (ie: a Finance Director in a company) but many people who are qualified for the others end up as Finance Directors as well. Institute of Chartered Accountants in England and Wales (ICAEW) is the oldest and most well known accounting body. Generally people who want to run their own accounting firms will study these exams. The institute was incorporated in 1880 by royal charter and now has over 170,000 members around the world. Qualified members have the initials ACA or FCA after their name. To achieve the ACA qualification you must complete a training contract that runs between 3 and 5 years and pass the professional and advanced state of the examinations. Additionally you must complete work experience requirements. The ACA qualification is widely recognised globally as the accounting standard and 70% of FTSE 100 CEOs, FDs and company secretaries are ACAs. Many students work with an accountancy practice with most firms employing less than 40 people. The training may be basic and you will likely be auditing small companies but this training will provide an excellent foundation in all of your future work. You can find more about the ICAEW at their website here Chartered Association of Certified Accountants (ACCA) is the second most widely known accounting body representing 122,000 members and 325,000 students spanning over 100 years in existence. The study route is similar to ICAEW in that it's a mix of exam and experience and you need to pass 14 exams (nine of which are eligible for exemption) gain relevant practical experience, with a minimum of three years and pass a Professional Ethics module. Once qualified you'll get the initials ACCA after your name. You can get more information on this qualification on the ACCA website here Chartered Institute of Management Accountants (CIMA) is the third body of accountants more aimed at people who want to work in commerce (or be finance directors in business rather than accountants in practice). Even on their own website they say "By using finance skills to focus on future success rather than past performance, they help to drive the world’s successful organisations" so it's clear they see the accountant's role as more than a bookkeeper and focusing on managing an organisation financial performance. As with the other two above the qualification method is similar although the subjects are focused on business rather than numbers. The modules covered are management accounting, business management and financial management and you'll need three years relevant experience as well. You can get more information on this qualification on the CIMA website here Accountant exams If you join one of the big auditing companies you'll generally be sponsored to take your exams, have time off to revise and get paid as well. It's a hard slog and takes about 3 years to complete all the exams but worth it in the end. Accounting work Workin
Read more other entries :
hi, i was looking onthe ICS website and they have a course called 'IAB Level 3 Diploma in Accounting & Advanced Book-keeping' and it says 'This qualification allows you to apply to the Association to become a member and use the letters MIAB after your name, offering you a wider choice of career opportunities', but im not sure will i be able to become a member of the ACCA after getting the diploma or will i have to do other courses through the ACCA. Thanks, any info will be great.
Home Schooling - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accounting Career Your accounting career starts here. Here's the qualifications you need to become a qualified accountant in the next 3 or so years whether you want to specialise as a tax accountant or study for the Chartered Institute of accountants or the other bodies such as ACCA or CIMA. What is an accountant ? Most people think of a grey boring man or a glorified bookkeeper counting beans but in reality a good accountant will keep the cash flow positive and ensure the whole organisation understands profitability. Only qualified accountants can legally approve accounts (see below) and you can have a career as a finance director or an auditor. It depends on what excitement you want ! Other accountants specialise in tax planning, insolvency or small businesses. Why Become an Accountant ? Accountants are rarely unemployed as every business needs to have their accounts prepared and approved. Larger businesses employ a Finance Director (CFO - chief financial officer) to manage not only monthly account preparation but also longer term financial planning. The role of an accountant Accounting Qualifications To become an accountant you'll generally need a reasonable degree although it's not essential but a degree will get you exemptions from some of the exams. The first part though is to choose which accounting body you wish to study towards and what type of accountant you want to be. There are three main accounting bodies - The Institute of Chartered Accountants in England and Wales (ICAEW), the Chartered Institute of Management Accountants (CIMA) and Chartered Association of Certified Accountants (ACCA). Which one you follow is dependent on where you wish to end up in life. ICAEW and ACCAs are allowed to sign off audited accounts so if you want to go into practice (eg: PriceWaterhouse etc) then these are for you. The ICAEW is always the preferred option and they have a higher standing. CIMA folks can not sign off audited accounts and people studying for this generally target commerce (ie: a Finance Director in a company) but many people who are qualified for the others end up as Finance Directors as well. Institute of Chartered Accountants in England and Wales (ICAEW) is the oldest and most well known accounting body. Generally people who want to run their own accounting firms will study these exams. The institute was incorporated in 1880 by royal charter and now has over 170,000 members around the world. Qualified members have the initials ACA or FCA after their name. To achieve the ACA qualification you must complete a training contract that runs between 3 and 5 years and pass the professional and advanced state of the examinations. Additionally you must complete work experience requirements. The ACA qualification is widely recognised globally as the accounting standard and 70% of FTSE 100 CEOs, FDs and company secretaries are ACAs. Many students work with an accountancy practice with most firms employing less than 40 people. The training may be basic and you will likely be auditing small companies but this training will provide an excellent foundation in all of your future work. You can find more about the ICAEW at their website here Chartered Association of Certified Accountants (ACCA) is the second most widely known accounting body representing 122,000 members and 325,000 students spanning over 100 years in existence. The study route is similar to ICAEW in that it's a mix of exam and experience and you need to pass 14 exams (nine of which are eligible for exemption) gain relevant practical experience, with a minimum of three years and pass a Professional Ethics module. Once qualified you'll get the initials ACCA after your name. You can get more information on this qualification on the ACCA website here Chartered Institute of Management Accountants (CIMA) is the third body of accountants more aimed at people who want to work in commerce (or be finance directors in business rather than accountants in practice). Even on their own website they say "By using finance skills to focus on future success rather than past performance, they help to drive the world’s successful organisations" so it's clear they see the accountant's role as more than a bookkeeper and focusing on managing an organisation financial performance. As with the other two above the qualification method is similar although the subjects are focused on business rather than numbers. The modules covered are management accounting, business management and financial management and you'll need three years relevant experience as well. You can get more information on this qualification on the CIMA website here Accountant exams If you join one of the big auditing companies you'll generally be sponsored to take your exams, have time off to revise and get paid as well. It's a hard slog and takes about 3 years to complete all the exams but worth it in the end. Accounting work Workin
Read more other entries :
Tuesday, December 7, 2010
What qualifications are needed to become an Accountant?
What qualifications are needed to become an Accountant?
hi, i was looking onthe ICS website and they have a course called 'IAB Level 3 Diploma in Accounting & Advanced Book-keeping' and it says 'This qualification allows you to apply to the Association to become a member and use the letters MIAB after your name, offering you a wider choice of career opportunities', but im not sure will i be able to become a member of the ACCA after getting the diploma or will i have to do other courses through the ACCA. Thanks, any info will be great.
Other - Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
LOADS
Answer 2 :
I know that at my college, many accounting firms come to recruit student who will be graduating with a Bachelors degree. This is often enough. However, you may go a bit further to get the MAcc (Masters of Accountancy), although this is not usually necessary. You will learn much of what you need with on-the-job training once you are hired. If you are interested in obtaining CPA-status (which is often desired, and sometimes paid for by the firm!), you will need a certain number of credit hours depending on your state. For example, you will need 150 credit hours in Washington State to sit for the CPA exam.
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hi, i was looking onthe ICS website and they have a course called 'IAB Level 3 Diploma in Accounting & Advanced Book-keeping' and it says 'This qualification allows you to apply to the Association to become a member and use the letters MIAB after your name, offering you a wider choice of career opportunities', but im not sure will i be able to become a member of the ACCA after getting the diploma or will i have to do other courses through the ACCA. Thanks, any info will be great.
Other - Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
LOADS
Answer 2 :
I know that at my college, many accounting firms come to recruit student who will be graduating with a Bachelors degree. This is often enough. However, you may go a bit further to get the MAcc (Masters of Accountancy), although this is not usually necessary. You will learn much of what you need with on-the-job training once you are hired. If you are interested in obtaining CPA-status (which is often desired, and sometimes paid for by the firm!), you will need a certain number of credit hours depending on your state. For example, you will need 150 credit hours in Washington State to sit for the CPA exam.
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Wednesday, December 1, 2010
what degree should i take to become a charted accountant or private practice accountant? pleeeeeeeease answer.?
what degree should i take to become a charted accountant or private practice accountant? pleeeeeeeease answer.?
i want to be a charted accountant or private practice accountant because they earn a lot of money. now what degree should i take at university to become one of those. for example should i take a degree in accountancy or maths or finance or accounting and finance. pleease answer. thanks.
Higher Education (University +) - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Being a charted accountant or private practice accountant is a fabulous idea
Answer 2 :
Chartered Accountants work in all fields of business and finance. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies. Chartered Accountants Institutes require members to undertake a minimum level of continuing professional development to stay ahead of their peers. They facilitate special interest groups - lead academic and professional thinking in accountancy. They provide support to members by offering advisory services, technical helplines and technical libraries. They offer opportunities for professional networking and career and business development. In the United States the approximate equivalent is the certified public accountant. In India, the profession of chartered accountancy is regulated by the Institute of Chartered Accountants of India which was established by Parliament under the Chartered Accountants Act of 1949. The ICAI is responsible for examinations and licensing of its members. ICAI is the second largest body of professional accountants in the world, with more than 160,000 registered members. Members are awarded the "CA." designation, to be placed just before their names, e.g. CA. John Doe. They are also authorised to use the descriptive words "Chartered Accountant". After the Chartered Accountants Act, 1949 was passed, the term Chartered Accountant has been used in place of Indian Registered Accountant. In this case, therefore, the term "Chartered" does not relate to a Royal Charter as in the case of the UK or Australia, as there is no Royal Charter in the Republic of India. Any student who has passed his 10th Standard can join the Chartered Accountancy Course offered by ICAI. One has to pass three stages of examinations, namely, CPT, IPCC and FINAL. The CA qualification is awarded after passing these examinations and completing three years of articleship training (apprenticeship).This is to ensure that trainees have a mix of theoretical and practical training before they become members. The minimum duration of the entire course is four and half years.
Answer 3 :
You can be a chartered accountant without going to university by doing an ACCA course, which involves work based training in an accounting firm. If you're 100% sure in becoming an accountant, then you can do the ACCA course. If you want to keep your options open, you can do a degree related to accounting, maths or finance, where you can go into different careers. In any case, you don't have to have an accounting degree to be an accountant.
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i want to be a charted accountant or private practice accountant because they earn a lot of money. now what degree should i take at university to become one of those. for example should i take a degree in accountancy or maths or finance or accounting and finance. pleease answer. thanks.
Higher Education (University +) - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Being a charted accountant or private practice accountant is a fabulous idea
Answer 2 :
Chartered Accountants work in all fields of business and finance. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies. Chartered Accountants Institutes require members to undertake a minimum level of continuing professional development to stay ahead of their peers. They facilitate special interest groups - lead academic and professional thinking in accountancy. They provide support to members by offering advisory services, technical helplines and technical libraries. They offer opportunities for professional networking and career and business development. In the United States the approximate equivalent is the certified public accountant. In India, the profession of chartered accountancy is regulated by the Institute of Chartered Accountants of India which was established by Parliament under the Chartered Accountants Act of 1949. The ICAI is responsible for examinations and licensing of its members. ICAI is the second largest body of professional accountants in the world, with more than 160,000 registered members. Members are awarded the "CA." designation, to be placed just before their names, e.g. CA. John Doe. They are also authorised to use the descriptive words "Chartered Accountant". After the Chartered Accountants Act, 1949 was passed, the term Chartered Accountant has been used in place of Indian Registered Accountant. In this case, therefore, the term "Chartered" does not relate to a Royal Charter as in the case of the UK or Australia, as there is no Royal Charter in the Republic of India. Any student who has passed his 10th Standard can join the Chartered Accountancy Course offered by ICAI. One has to pass three stages of examinations, namely, CPT, IPCC and FINAL. The CA qualification is awarded after passing these examinations and completing three years of articleship training (apprenticeship).This is to ensure that trainees have a mix of theoretical and practical training before they become members. The minimum duration of the entire course is four and half years.
Answer 3 :
You can be a chartered accountant without going to university by doing an ACCA course, which involves work based training in an accounting firm. If you're 100% sure in becoming an accountant, then you can do the ACCA course. If you want to keep your options open, you can do a degree related to accounting, maths or finance, where you can go into different careers. In any case, you don't have to have an accounting degree to be an accountant.
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Sunday, November 28, 2010
Steps to becoming Chartered Accountant including Uni?
Steps to becoming Chartered Accountant including Uni?
I am in second year of college and will be taking Accounting and Finance at University, after this course I was wondering how difficult it will be to get a job, a rough salary and what I would need to do to become a chartered accountant. I really don't want to skip the steps as I feel Uni will be an experience lost. Thanks for input.
Other - Education - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
good luck, in this day and age accountants are really suffering.
Answer 2 :
thats a bad bad choice my friend. better choice another career path.
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I am in second year of college and will be taking Accounting and Finance at University, after this course I was wondering how difficult it will be to get a job, a rough salary and what I would need to do to become a chartered accountant. I really don't want to skip the steps as I feel Uni will be an experience lost. Thanks for input.
Other - Education - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
good luck, in this day and age accountants are really suffering.
Answer 2 :
thats a bad bad choice my friend. better choice another career path.
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Sunday, November 14, 2010
where do i need to go after School to become an accountant?
where do i need to go after School to become an accountant?
do i have to go colledge or uni or both? what subjects should i take, ive been told accounting and computer tech.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
My Dad has no qualifications and he is a successful accountant- although he is not Chartered. Try a college course and maybe become an office 'junior' mat the same time. Then look into university and/or ACCA qualifications. My step-mum is also an accountant, but she studied Finance at Leeds University and then did ACCA later on. There are lots of roots into this, its all about which one suits you best.
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do i have to go colledge or uni or both? what subjects should i take, ive been told accounting and computer tech.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
My Dad has no qualifications and he is a successful accountant- although he is not Chartered. Try a college course and maybe become an office 'junior' mat the same time. Then look into university and/or ACCA qualifications. My step-mum is also an accountant, but she studied Finance at Leeds University and then did ACCA later on. There are lots of roots into this, its all about which one suits you best.
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Sunday, November 7, 2010
Do you have to have a chartered accountant prepare your LTD company accounts ?
Do you have to have a chartered accountant prepare your LTD company accounts ?
Is there anything wrong with me doing my own accounts ?
Corporations - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
no. prepare them yourself to save money, then get your accountant to check and sign off
Answer 2 :
No but there are audit requirements if your company reaches a certain size, and you need to make a statement that none of the shareholders have requested an independent examination of the accounts.
Answer 3 :
you can do them but you may need to have them audited - any good accountant should save you more than their fee - are you a tax expert? if not very careful you can end up with a big tax bill - remember the tax rules change with every budget - do you really want to spend days understanding what you can and cannot claim??
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Is there anything wrong with me doing my own accounts ?
Corporations - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
no. prepare them yourself to save money, then get your accountant to check and sign off
Answer 2 :
No but there are audit requirements if your company reaches a certain size, and you need to make a statement that none of the shareholders have requested an independent examination of the accounts.
Answer 3 :
you can do them but you may need to have them audited - any good accountant should save you more than their fee - are you a tax expert? if not very careful you can end up with a big tax bill - remember the tax rules change with every budget - do you really want to spend days understanding what you can and cannot claim??
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Monday, November 1, 2010
What exams do you need to take to be an accountant?
What exams do you need to take to be an accountant?
I am a 35yo engineer but lost a leg and need a desk based career change!
Standards & Testing - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
ACCA exams Good Luck
Answer 2 :
Don't take a personality test - if you pass, you they won't authorise you to be an accountant.
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I am a 35yo engineer but lost a leg and need a desk based career change!
Standards & Testing - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
ACCA exams Good Luck
Answer 2 :
Don't take a personality test - if you pass, you they won't authorise you to be an accountant.
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Thursday, October 28, 2010
Is a Hedge Fund Accountant a good job for a graduate?
Is a Hedge Fund Accountant a good job for a graduate?
I am currently working for a hedge fund in the city as a fund accountant and wanted to know if this is a good place to start a career in accountantcy.
Other - Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Okay, two things. One, from what I have seen in today's economy, at least, accountants are always on demand. It probably doesn't really matter where you start, in the long run, so long as you acquire the kind of experience IN accounting that a business might need (like being able to do corporate cash flow statements and audits, etc.). Two, a city job! If that is an American city job, take it! You will be set for life at a city job. Good pay, good benefits, good pension and probably good experience. Working for the city, county, state, or federal government generally have some of the most stringent hiring requirements out of all companies you could offer your services to, so if you can get in, do it. It might look good on a resume. By the way, you can also be a: Financial Manager Financial Analyst Personal Financial adviser In addition to being an accountant or auditor. Also, refer to the Labor Department for tips as to what people might be looking for in an accountant, as far as experience and education are concerned. It might help you plan your long term goals more appropriately. http://www.bls.gov/oco/ocos001.htm Otherwise, I suggest browsing career builder. Do a national search for the type of accounting job you might want to have. For example, "Financial Analyst" (use quotes to tell it to search for the whole phrase. Click them and read the job descriptions. After you look at enough, you'll start to have an idea of what kinds of things potential employers are looking for you to have in your background. Compare this to what you'll be doing at your city job, or use it as a way to ask good questions at your interview. "Will I ever be working with (blank)?"
Answer 2 :
Being an accountant in general practice, I can imagine that a job in the city as a fund accountant will be well paid, however, my advice to you would be to ensure that any job you take comes with the correct training. I believe that starting as a fund accountant would leave you a little pigeon holed because you would struggle to work within practice as an auditor. If you don't wish to ever go into practice and work for a chartered accountants, as long as you have a decent training contract, I think it would be an excellent start.
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I am currently working for a hedge fund in the city as a fund accountant and wanted to know if this is a good place to start a career in accountantcy.
Other - Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Okay, two things. One, from what I have seen in today's economy, at least, accountants are always on demand. It probably doesn't really matter where you start, in the long run, so long as you acquire the kind of experience IN accounting that a business might need (like being able to do corporate cash flow statements and audits, etc.). Two, a city job! If that is an American city job, take it! You will be set for life at a city job. Good pay, good benefits, good pension and probably good experience. Working for the city, county, state, or federal government generally have some of the most stringent hiring requirements out of all companies you could offer your services to, so if you can get in, do it. It might look good on a resume. By the way, you can also be a: Financial Manager Financial Analyst Personal Financial adviser In addition to being an accountant or auditor. Also, refer to the Labor Department for tips as to what people might be looking for in an accountant, as far as experience and education are concerned. It might help you plan your long term goals more appropriately. http://www.bls.gov/oco/ocos001.htm Otherwise, I suggest browsing career builder. Do a national search for the type of accounting job you might want to have. For example, "Financial Analyst" (use quotes to tell it to search for the whole phrase. Click them and read the job descriptions. After you look at enough, you'll start to have an idea of what kinds of things potential employers are looking for you to have in your background. Compare this to what you'll be doing at your city job, or use it as a way to ask good questions at your interview. "Will I ever be working with (blank)?"
Answer 2 :
Being an accountant in general practice, I can imagine that a job in the city as a fund accountant will be well paid, however, my advice to you would be to ensure that any job you take comes with the correct training. I believe that starting as a fund accountant would leave you a little pigeon holed because you would struggle to work within practice as an auditor. If you don't wish to ever go into practice and work for a chartered accountants, as long as you have a decent training contract, I think it would be an excellent start.
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Thursday, October 14, 2010
I need an accountant in the north west london area?
I need an accountant in the north west london area?
I must travel over from Ireland and finish my tax returns but i have no contact for any accountants. Is there a directory somewhere I can look up?
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
An accountant uses basic maths, if you have spare time and basic maths knowledge you can do it yourself :)
Answer 2 :
Yes, you can search on the Institute of Chartered Accounts website:
Answer 3 :
lookup on gumtree.com or for northwest london call Accountancy services uk limited :- Mr Falak Cumberland House 80 Scrubs Lane London NW10 6RF Telephone: 020-8962-9990
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I must travel over from Ireland and finish my tax returns but i have no contact for any accountants. Is there a directory somewhere I can look up?
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
An accountant uses basic maths, if you have spare time and basic maths knowledge you can do it yourself :)
Answer 2 :
Yes, you can search on the Institute of Chartered Accounts website:
Answer 3 :
lookup on gumtree.com or for northwest london call Accountancy services uk limited :- Mr Falak Cumberland House 80 Scrubs Lane London NW10 6RF Telephone: 020-8962-9990
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Thursday, October 7, 2010
As a self employed sole trader do you have to have an accountant?
As a self employed sole trader do you have to have an accountant?
The company is not Limited and is not registered for VAT.
Small Business - 15 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
u don't have to but it helps
Answer 2 :
yes
Answer 3 :
No. I'm self-employed and i do all my own accounts. In any case, you'd have to save all your receipts and so forth and hand them over, which would be a lot of work in itself, so i don't think it's worth it. You might as well just do it yourself.
Answer 4 :
No you can do it all yourself. I did all my husbands accounts xxxxxxx
Answer 5 :
its better for you to be your own accountant because you wont need to spend on an accountant. they are costly to hire
Answer 6 :
dont know about england, but in ireland you dont. you are better with one,
Answer 7 :
it does help, but you can just hire one for tax time. Keep good records and books, and cut down on the hourly rate they have to spend to file for you. Or buy software that does it for you and do it yourself. Do they have tax preparers yet in the UK? Haven't been in a while.
Answer 8 :
You don't have to but it is a good thing to have. My husband did his own books but then realised he had made a mistake and ended up with a large tax bill!
Answer 9 :
You just have to fill in your own tax return its not that difficult, but alot of people find that an accountant can save you enough money off your tax bill to cover the accountants cost.
Answer 10 :
No you don't but you will than have to do your own tax returns. The amount you pay an accountant will be more than recouped by the amount of tax they will save you.
Answer 11 :
well if u have just started the business then u dont need one now. later when u r business gets hot u would need because other wise u wont have the time for nothing. so u decide what u would like beside if u have an accountant now u will also have to pay him so if u can avoid it u can save some money.
Answer 12 :
No, not at all. As long as you understand bookkeeping you can do everything quite easily yourself. You can also get software to help you with it, if you wish.
Answer 13 :
no you can do your own, self assessment but make sure you keep everything that the tax office send you as if you go for a loan or mortgagee they may ask to see these forms as proof your paying tax. Think the forms are called SA302.
Answer 14 :
u have to register for vat thru accountant . keep all recipts give recipts to accountant after 3 months or yearly if u prefer. u also have to make a sale sheet showing how much u make each day (but u can write down less sale for each day that way u pay less vat bear in mind u have to throw some of ur recipts away) this way is illegal in uk but 80% of people do it this way u save thousands of pounds a year. accountants save u money the tax man trusts them
Answer 15 :
You do not NEED an accountant Just keep a accruate record of all your income and expences ready for the self assessment form at the end of the year Alternatively...if the business is growing at a rapid rate...employ a book keeper from your local newspaper....alot cheaper
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The company is not Limited and is not registered for VAT.
Small Business - 15 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
u don't have to but it helps
Answer 2 :
yes
Answer 3 :
No. I'm self-employed and i do all my own accounts. In any case, you'd have to save all your receipts and so forth and hand them over, which would be a lot of work in itself, so i don't think it's worth it. You might as well just do it yourself.
Answer 4 :
No you can do it all yourself. I did all my husbands accounts xxxxxxx
Answer 5 :
its better for you to be your own accountant because you wont need to spend on an accountant. they are costly to hire
Answer 6 :
dont know about england, but in ireland you dont. you are better with one,
Answer 7 :
it does help, but you can just hire one for tax time. Keep good records and books, and cut down on the hourly rate they have to spend to file for you. Or buy software that does it for you and do it yourself. Do they have tax preparers yet in the UK? Haven't been in a while.
Answer 8 :
You don't have to but it is a good thing to have. My husband did his own books but then realised he had made a mistake and ended up with a large tax bill!
Answer 9 :
You just have to fill in your own tax return its not that difficult, but alot of people find that an accountant can save you enough money off your tax bill to cover the accountants cost.
Answer 10 :
No you don't but you will than have to do your own tax returns. The amount you pay an accountant will be more than recouped by the amount of tax they will save you.
Answer 11 :
well if u have just started the business then u dont need one now. later when u r business gets hot u would need because other wise u wont have the time for nothing. so u decide what u would like beside if u have an accountant now u will also have to pay him so if u can avoid it u can save some money.
Answer 12 :
No, not at all. As long as you understand bookkeeping you can do everything quite easily yourself. You can also get software to help you with it, if you wish.
Answer 13 :
no you can do your own, self assessment but make sure you keep everything that the tax office send you as if you go for a loan or mortgagee they may ask to see these forms as proof your paying tax. Think the forms are called SA302.
Answer 14 :
u have to register for vat thru accountant . keep all recipts give recipts to accountant after 3 months or yearly if u prefer. u also have to make a sale sheet showing how much u make each day (but u can write down less sale for each day that way u pay less vat bear in mind u have to throw some of ur recipts away) this way is illegal in uk but 80% of people do it this way u save thousands of pounds a year. accountants save u money the tax man trusts them
Answer 15 :
You do not NEED an accountant Just keep a accruate record of all your income and expences ready for the self assessment form at the end of the year Alternatively...if the business is growing at a rapid rate...employ a book keeper from your local newspaper....alot cheaper
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Friday, October 1, 2010
How much does an average financial accountant earn each year?
How much does an average financial accountant earn each year?
i might go to kent uni (cheaper place) to study accounting and finance and probably do a master in lse i was just wondering how much doe on average i would earn after graduating
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
£1?
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i might go to kent uni (cheaper place) to study accounting and finance and probably do a master in lse i was just wondering how much doe on average i would earn after graduating
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
£1?
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Tuesday, September 28, 2010
What salary does a newly qualified accountant start on in the UK?
What salary does a newly qualified accountant start on in the UK?
Careers & Employment - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If he is crafty ....whatever he wants
Answer 2 :
ALOT!!!!!!!!
Answer 3 :
There is a chart about 2/3 of the way down this link that has explicit answers based on your exact job title (and some locations) http://www.workgateways.com/job-accounting.html#salary Hope this helps!
Answer 4 :
I honestly do not know but, as I would one day like to train to become an accountant, I know that this involves alot of hard work so, now that you have already done this, do not sell yourself short!! Best wishes.
Answer 5 :
Very varied - depends very much on your previous level of experience and what industry you are working in as well as where your specialism is. The highest paid newly qualified accountants are likely to be product controllers in investment banks. But a better source of information would be most of the mainstream accounting recruiters' websites - companies like Hays, Robert Walters, Morgan McKinley, etc. They are likely to have latest surveys that will show the current trends. Also, if you look at roles advertised, you'll see what employers are prepared to pay for your particular skill set. All the best
Answer 6 :
unless well structured company the pay could be negotiated.
Answer 7 :
The salary/remuneration for a particular job is the market value for a particular profession and designation at the city/town where the office is located. Job postings at websites like Monster, Yahoo HotJobs and Careerbuilder carry information about salaries. The Govt Dept of Labor, (www.bls.gov) Bureau of statistics has information about median salaries for different professions and details of additional compensation offered. Other online resources are salary.com and payscale. Your salary will also depend on your educational qualification and how you handle your career. More details and links to relevant websites available at http://tinyurl.com/rndxq
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Careers & Employment - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If he is crafty ....whatever he wants
Answer 2 :
ALOT!!!!!!!!
Answer 3 :
There is a chart about 2/3 of the way down this link that has explicit answers based on your exact job title (and some locations) http://www.workgateways.com/job-accounting.html#salary Hope this helps!
Answer 4 :
I honestly do not know but, as I would one day like to train to become an accountant, I know that this involves alot of hard work so, now that you have already done this, do not sell yourself short!! Best wishes.
Answer 5 :
Very varied - depends very much on your previous level of experience and what industry you are working in as well as where your specialism is. The highest paid newly qualified accountants are likely to be product controllers in investment banks. But a better source of information would be most of the mainstream accounting recruiters' websites - companies like Hays, Robert Walters, Morgan McKinley, etc. They are likely to have latest surveys that will show the current trends. Also, if you look at roles advertised, you'll see what employers are prepared to pay for your particular skill set. All the best
Answer 6 :
unless well structured company the pay could be negotiated.
Answer 7 :
The salary/remuneration for a particular job is the market value for a particular profession and designation at the city/town where the office is located. Job postings at websites like Monster, Yahoo HotJobs and Careerbuilder carry information about salaries. The Govt Dept of Labor, (www.bls.gov) Bureau of statistics has information about median salaries for different professions and details of additional compensation offered. Other online resources are salary.com and payscale. Your salary will also depend on your educational qualification and how you handle your career. More details and links to relevant websites available at http://tinyurl.com/rndxq
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Tuesday, September 14, 2010
can anybody do the exams to become a chartered accountant. pleeeeeease answer?
can anybody do the exams to become a chartered accountant. pleeeeeease answer?
i got ver bad gcse grades. so to become a chartered accountant do they look at my grades. or can anyone do the exams and officially become a chartered accountant.
Financial Services - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
ask the accountant not us
Answer 2 :
if you did bad in accounting courses, then you probably won't pass the tests to become a chartered accountant - if they are anything like US CPA tests, they are not easy
Answer 3 :
http://www.icaew.com/index.cfm/route/158423/icaew_ga/en/Home/Institute_of_Chartered_Accountants_in_England_and_Wales Hiya, I am not an accountant but a Financial Adviser, which is close enough... I looked some info up for you. Not sure if you are in Scotland, England, Ireland or Wales, the required qualification/membership of professional society varies for each part of the country. You cannot be an accountant without a relevant qualification and CPD (continuing professional development) so it is a career that you should only embark on if you are studious. Someone else wrote a stupid answer about you wouldn't be able to cope with accountancy exams if you flunked school - utter nonsense - if you want to do something enough and you are driven you can achieve anything and the cheeky sod doesn't even know you. Go for it and good luck!!
Answer 4 :
Apart from passing exams, you also need to have three years of relevant work experience before you can become a chartered accountant. It's nice to think that anyone could become a chartered accountant, but it is simply not true. Firms that train chartered accountants spend a lot of money on the training courses and take the highly competitive recruitment process really seriously, meaning that your "very bad" GCSEs would mean it is unlikely that anyone would take you onto their training scheme.
Answer 5 :
I would recommend that you should initially do the AAT qualification (Association of Accounting Technicians). There are three levels and so if you start at the Foundation level I would imagine that this would be OK for you as this is just equivalent to GCSE's. You can then complete the Intermediate and Technician levels at which point you would have the qualification. Most people study for the AAT with an employer who pays for their study, however if your GCSE's are really as bad as you say they are it may be better for you to study for the Foundation and maybe even the whole qualification yourself and pay for it yourself. You would then have more job prospects as you could show that you have the ability to study for accountancy and could then get a job with an employer to sponsor you for the remainder. http://www.aat.org.uk/content/item2555/ Once you have the AAT qualification you could then continue to study to become Chartered. The AAT would give you a good basic grounding in accountancy before considering whether to move onto the ACA qualification (Chartered Accountant) from the ICAEW (Institute of Chartered Accountants in England and Wales) or the ACCA (Chartered Certified Accountant). You will definitely need to study at the same time as working as you require three years work experience as well as the qualification to become Chartered. I hope that this helps - have a look at the AAT website and see what you think.
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i got ver bad gcse grades. so to become a chartered accountant do they look at my grades. or can anyone do the exams and officially become a chartered accountant.
Financial Services - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
ask the accountant not us
Answer 2 :
if you did bad in accounting courses, then you probably won't pass the tests to become a chartered accountant - if they are anything like US CPA tests, they are not easy
Answer 3 :
http://www.icaew.com/index.cfm/route/158423/icaew_ga/en/Home/Institute_of_Chartered_Accountants_in_England_and_Wales Hiya, I am not an accountant but a Financial Adviser, which is close enough... I looked some info up for you. Not sure if you are in Scotland, England, Ireland or Wales, the required qualification/membership of professional society varies for each part of the country. You cannot be an accountant without a relevant qualification and CPD (continuing professional development) so it is a career that you should only embark on if you are studious. Someone else wrote a stupid answer about you wouldn't be able to cope with accountancy exams if you flunked school - utter nonsense - if you want to do something enough and you are driven you can achieve anything and the cheeky sod doesn't even know you. Go for it and good luck!!
Answer 4 :
Apart from passing exams, you also need to have three years of relevant work experience before you can become a chartered accountant. It's nice to think that anyone could become a chartered accountant, but it is simply not true. Firms that train chartered accountants spend a lot of money on the training courses and take the highly competitive recruitment process really seriously, meaning that your "very bad" GCSEs would mean it is unlikely that anyone would take you onto their training scheme.
Answer 5 :
I would recommend that you should initially do the AAT qualification (Association of Accounting Technicians). There are three levels and so if you start at the Foundation level I would imagine that this would be OK for you as this is just equivalent to GCSE's. You can then complete the Intermediate and Technician levels at which point you would have the qualification. Most people study for the AAT with an employer who pays for their study, however if your GCSE's are really as bad as you say they are it may be better for you to study for the Foundation and maybe even the whole qualification yourself and pay for it yourself. You would then have more job prospects as you could show that you have the ability to study for accountancy and could then get a job with an employer to sponsor you for the remainder. http://www.aat.org.uk/content/item2555/ Once you have the AAT qualification you could then continue to study to become Chartered. The AAT would give you a good basic grounding in accountancy before considering whether to move onto the ACA qualification (Chartered Accountant) from the ICAEW (Institute of Chartered Accountants in England and Wales) or the ACCA (Chartered Certified Accountant). You will definitely need to study at the same time as working as you require three years work experience as well as the qualification to become Chartered. I hope that this helps - have a look at the AAT website and see what you think.
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Tuesday, September 7, 2010
Could I become an accountant even though I don't have a driving licence and am currently paying a fine?
Could I become an accountant even though I don't have a driving licence and am currently paying a fine?
I study Mathematics in university, and I am also studying an AAT Accountancy Diploma on a Home Learning course.
Law & Ethics - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Yes
Answer 2 :
If your studying maths at Uni drop AAT do CIMA or ACCA. AAT is a basic (very good though), if you are doing maths do CIMA. http://www.cimaglobal.com/ Edit what's a driving license got to do with it?
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I study Mathematics in university, and I am also studying an AAT Accountancy Diploma on a Home Learning course.
Law & Ethics - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Yes
Answer 2 :
If your studying maths at Uni drop AAT do CIMA or ACCA. AAT is a basic (very good though), if you are doing maths do CIMA. http://www.cimaglobal.com/ Edit what's a driving license got to do with it?
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Wednesday, September 1, 2010
In the UK, how much do you think i could earn when i am part qual as an accountant then when i am fully qual?
In the UK, how much do you think i could earn when i am part qual as an accountant then when i am fully qual?
How much do fresh out of uni accountants make? When i am part acca (etc) qualified, then what about when i become fully chartered. Also i live in Newcastle at the moment, would i be better moving to another when i finish uni, such as Manchester or London? Do you think i would be well rewarded for moving somewhere like, USA, Canada, Australia of New Zealand when i finish my degree and becoming fully chartered over there.
Financial Services - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Ask an accountant
Answer 2 :
london you will make more money(earn) but going to cananda or the states you will earn double to london, probably get your house quicker in states to england
Answer 3 :
http://www.insidecareers.co.uk/__80257328003c6a3e.nsf/welcomecaadv!readform My cousin is an accountant with an insurance firm and its very good money but a lot of hard work! He works with Prudentail.
Answer 4 :
you should get payed a decent amount og money but if you go to this web site it is genuine you will make allot of money http://private-millionaire.org/1/29195381-invitation-page.aspx read it all if you can not get in email me
Answer 5 :
Salaries vary on area, skills, motivation, exam results, areas of specialisation, and also how good you are. They also depend on the wider package that an employer gives (remember it is not always about pure cash in 'top line' salary). The ACCA has a salary survey at http://www.accaglobal.com/allnews/national/ireland/salaryguide2007 Also remember quality of life and cost of living when comparing salaries - which can make the big cities less attractive than they might otherwise appear. Remember being qualified in one country also does not automatically make you fit to operate in another (the USA for example is not one country but 52 loosely affiliated countries - and qualification in one state does not necessarily qualify you for practice in another). Personally if I had my time again I'd be in Canada - but that is because I love the country and the people. As the owner of my own firm I suspect it wouldnt make a huge difference to my earnings which country in the developed world I'm in though.
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How much do fresh out of uni accountants make? When i am part acca (etc) qualified, then what about when i become fully chartered. Also i live in Newcastle at the moment, would i be better moving to another when i finish uni, such as Manchester or London? Do you think i would be well rewarded for moving somewhere like, USA, Canada, Australia of New Zealand when i finish my degree and becoming fully chartered over there.
Financial Services - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Ask an accountant
Answer 2 :
london you will make more money(earn) but going to cananda or the states you will earn double to london, probably get your house quicker in states to england
Answer 3 :
http://www.insidecareers.co.uk/__80257328003c6a3e.nsf/welcomecaadv!readform My cousin is an accountant with an insurance firm and its very good money but a lot of hard work! He works with Prudentail.
Answer 4 :
you should get payed a decent amount og money but if you go to this web site it is genuine you will make allot of money http://private-millionaire.org/1/29195381-invitation-page.aspx read it all if you can not get in email me
Answer 5 :
Salaries vary on area, skills, motivation, exam results, areas of specialisation, and also how good you are. They also depend on the wider package that an employer gives (remember it is not always about pure cash in 'top line' salary). The ACCA has a salary survey at http://www.accaglobal.com/allnews/national/ireland/salaryguide2007 Also remember quality of life and cost of living when comparing salaries - which can make the big cities less attractive than they might otherwise appear. Remember being qualified in one country also does not automatically make you fit to operate in another (the USA for example is not one country but 52 loosely affiliated countries - and qualification in one state does not necessarily qualify you for practice in another). Personally if I had my time again I'd be in Canada - but that is because I love the country and the people. As the owner of my own firm I suspect it wouldnt make a huge difference to my earnings which country in the developed world I'm in though.
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Saturday, August 28, 2010
What would the daily/ weekly routine be for an accountant?
What would the daily/ weekly routine be for an accountant?
If you know about accountancy please help me.
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
that depends on the things that you need to do. make a list of everything you have to do on a weekly/monthly/quarterly basis, and put it onto one big schedule.
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If you know about accountancy please help me.
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
that depends on the things that you need to do. make a list of everything you have to do on a weekly/monthly/quarterly basis, and put it onto one big schedule.
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Saturday, August 14, 2010
What are the benefits of being an Accountant and the benefits of being a solicitor?
What are the benefits of being an Accountant and the benefits of being a solicitor?
Like Job Hours, working conditions, skills, pay... Work Hours, pay, work environment (i.e in an office)...
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I'm a trainee accountant, the hours are fine, salary can vary hugely roughly bout 16000 Euro a year and goes up each time you pass exams. Can be quite boring if your doing auditing for a long time.
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Like Job Hours, working conditions, skills, pay... Work Hours, pay, work environment (i.e in an office)...
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I'm a trainee accountant, the hours are fine, salary can vary hugely roughly bout 16000 Euro a year and goes up each time you pass exams. Can be quite boring if your doing auditing for a long time.
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Saturday, August 7, 2010
Do you work in a finance or accountant department?
Do you work in a finance or accountant department?
How do you deal with a talkative co-worker? Trust me, I don't stand them. I just want to tell them to shut up. I had one at my previous employment I went crazy because of her. 2 weeks to the hospital. Should I say, it's me the probrem?
Other - Careers & Employment - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Obviously, you need quiet to concentrate on a task - nothing wrong with that. Simply, tell the talkative co-worker, "Hey, I'm trying to do 'x' at the moment and I need to concentrate." S/he should get the message - especially if it's payroll you're working on or something that affects that person directly!
Answer 2 :
Finance and Accountancy work requires concentration. How can you concentrate with a chatter box distracting you? It is better not to mix people doing routine work that doesn't require much concentration, with more advanced accounting work, which does. Is your view shared by anyone else? because there is strength in numbers.
Answer 3 :
I work in an Accounts department and I had one of those talkative people who would not listen to you, what I did was asked them politely to be quiet as you have to concentrate on your task at hand or as I as did I went straight to the Boss, that worked. You would normally go through your department head but as I am the Departmental Head, I had only the Boss to go to. Try it to see if it works. If not just tell the to shut the hell up
Answer 4 :
Just tell her/him that you are busy and that you need a little bit of quiet time
Read more other entries :
How do you deal with a talkative co-worker? Trust me, I don't stand them. I just want to tell them to shut up. I had one at my previous employment I went crazy because of her. 2 weeks to the hospital. Should I say, it's me the probrem?
Other - Careers & Employment - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Obviously, you need quiet to concentrate on a task - nothing wrong with that. Simply, tell the talkative co-worker, "Hey, I'm trying to do 'x' at the moment and I need to concentrate." S/he should get the message - especially if it's payroll you're working on or something that affects that person directly!
Answer 2 :
Finance and Accountancy work requires concentration. How can you concentrate with a chatter box distracting you? It is better not to mix people doing routine work that doesn't require much concentration, with more advanced accounting work, which does. Is your view shared by anyone else? because there is strength in numbers.
Answer 3 :
I work in an Accounts department and I had one of those talkative people who would not listen to you, what I did was asked them politely to be quiet as you have to concentrate on your task at hand or as I as did I went straight to the Boss, that worked. You would normally go through your department head but as I am the Departmental Head, I had only the Boss to go to. Try it to see if it works. If not just tell the to shut the hell up
Answer 4 :
Just tell her/him that you are busy and that you need a little bit of quiet time
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Sunday, August 1, 2010
Do you have to be an Accountant to own a share in an Accountancy Firm?
Do you have to be an Accountant to own a share in an Accountancy Firm?
A friend of mine and her husband set a company up in name only for future use. They had one share in it each. Now her husband who is a qualified Accountant has started to trade under this name and has told her that because she is not an Accountant she can not be a shareholder and has given her a document to sign transferring her share to him.
Small Business - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Well depending upon the rules of the domicile wherein you reside, I believe that in the medium of a "company" whether it is be private or publically limited...it doesnt matter what profession you are in so long as you are a shareholder you are protected by various case law edicts. However the vast majority of accountancy firms are partnerships (as are most professional associations), which in the UK are majorly limited liability partnerships (LLPs) and to be a "partner" you must be able to contribute to the workings of the business, i.e. be an accountant in an accounting LLP. Hope this helps
Answer 2 :
I am an accountant by birth and by profession, what this fellow is doing it is a snub to the accounting profession. The basic accounting principle that is universal is called an "Accounting Entity" this states that an entity is separate and distinct from its owners. Owning a company is one thing and running a company is another. The shareholder is not Neccesarily required to perform an accounting activity be it an operations for the firm or as a product to the clients. An owner has a right to benefit from the proceeds of the firm or suffer a loss when things are not doing fine. To prove what I am saying, let the wife ask the registering authority why they registered the firm while knowing that one of the owners is not an accountant by profession. Who is to determine the legal member should be the registering authority not the members. Unless it is confessed that they furnished false information at the time of registering the firm.
Answer 3 :
In short owning part of a business and working for that business are different animals. I'm sure Peter Jones or any other investor may own shares in an accountancy business but are not qualified accountants. After all is Richard Branson a qualified train driver. You do not need to be qualified to own shares in any business, a knowledge of that business is helpful but not the be all and end all. So in answer to the question, you don't need to be an accountant to own the shares. After saying that to give a better answer you would need to know the legal entity of the business, ie is it a partnership, an LLP or an Limited company, and the accountancy body that provided his qualification. it may be that the accounting body that the husband is a member of, may not allow the use of that bodies logos etc if not all partners in the business are of the same level of qualification. To call a firm chartered may be considered passing off if only one partner is chartered and the other 3 are not.
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A friend of mine and her husband set a company up in name only for future use. They had one share in it each. Now her husband who is a qualified Accountant has started to trade under this name and has told her that because she is not an Accountant she can not be a shareholder and has given her a document to sign transferring her share to him.
Small Business - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Well depending upon the rules of the domicile wherein you reside, I believe that in the medium of a "company" whether it is be private or publically limited...it doesnt matter what profession you are in so long as you are a shareholder you are protected by various case law edicts. However the vast majority of accountancy firms are partnerships (as are most professional associations), which in the UK are majorly limited liability partnerships (LLPs) and to be a "partner" you must be able to contribute to the workings of the business, i.e. be an accountant in an accounting LLP. Hope this helps
Answer 2 :
I am an accountant by birth and by profession, what this fellow is doing it is a snub to the accounting profession. The basic accounting principle that is universal is called an "Accounting Entity" this states that an entity is separate and distinct from its owners. Owning a company is one thing and running a company is another. The shareholder is not Neccesarily required to perform an accounting activity be it an operations for the firm or as a product to the clients. An owner has a right to benefit from the proceeds of the firm or suffer a loss when things are not doing fine. To prove what I am saying, let the wife ask the registering authority why they registered the firm while knowing that one of the owners is not an accountant by profession. Who is to determine the legal member should be the registering authority not the members. Unless it is confessed that they furnished false information at the time of registering the firm.
Answer 3 :
In short owning part of a business and working for that business are different animals. I'm sure Peter Jones or any other investor may own shares in an accountancy business but are not qualified accountants. After all is Richard Branson a qualified train driver. You do not need to be qualified to own shares in any business, a knowledge of that business is helpful but not the be all and end all. So in answer to the question, you don't need to be an accountant to own the shares. After saying that to give a better answer you would need to know the legal entity of the business, ie is it a partnership, an LLP or an Limited company, and the accountancy body that provided his qualification. it may be that the accounting body that the husband is a member of, may not allow the use of that bodies logos etc if not all partners in the business are of the same level of qualification. To call a firm chartered may be considered passing off if only one partner is chartered and the other 3 are not.
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Wednesday, July 28, 2010
Does Anyone Know Where I Can Find A French Accountant?
Does Anyone Know Where I Can Find A French Accountant?
Hey guys, i was wondering if anyone could help me find out where I could find a French speaking English/London based accountant ?
Languages - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Skype one thats in france
Answer 2 :
France.
Answer 3 :
France or Québec (Canada Français) You can Google it, there are quite afew in Montréal, I'm not too sure about France, but there are bound to be some.
Answer 4 :
"French" and "Accountant" don't work in the same sentence.
Hey guys, i was wondering if anyone could help me find out where I could find a French speaking English/London based accountant ?
Languages - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Skype one thats in france
Answer 2 :
France.
Answer 3 :
France or Québec (Canada Français) You can Google it, there are quite afew in Montréal, I'm not too sure about France, but there are bound to be some.
Answer 4 :
"French" and "Accountant" don't work in the same sentence.
Wednesday, July 14, 2010
is 35 to old to train to become an accountant?
is 35 to old to train to become an accountant?
i would like a career change to become an accountant, but have no idea where to start or what courses to take?
Higher Education (University +) - 11 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
35 is to old to learn to do anything new your past it
Answer 2 :
You are at the exact right age to become an accountant because you are just old enough to be boring!
Answer 3 :
NO. Get stuck in. I am nearly 50 and want to think about a career change involving years of study. It would have been preferable to have started younger, but I still have to decide what I will be doing in ten years from now.
Answer 4 :
you are never to old for anything!!!!!!!!!!!!!!!!!!!
Answer 5 :
nope - many firms would think it most advantageous, esp if you can bring with you experience of the 'real world' of business - check our the ACCA (chartered accountants institute) for ways in - also, call a few firms around you - they may be able to receive free funding to put you through the right courses if you join them - send off you CV and ask xx
Answer 6 :
35 is not old. You can be a tax agent or accountant, a tax agent just does returns like H&R block ect or a full accountant needs further studies, I would recommend speaking to a few accountants.
Answer 7 :
If you are good at and enjoy figures go for it. Contact your local F.E. College. They will have a number of courses for you to consider. It's about the time of year for open days/evenings where you can chat to Lecturers about what is on offer.
Answer 8 :
It's definitely NOT too late to change your career and become an accountant. You've got 25 years or more of potential work ahead of you. I'm 41, and after 20years in my previous profession, I'm now training to be a teacher, and going to live overseas. There must be lots of information out there on the internet concerning accountancy courses, and advise on career changes. BEST OF LUCK!
Answer 9 :
If you are in the UK you can start with the AAT course. You can do it in the evening. http://www.aat.org.uk/students/ You can then do ACCA etc from there
Answer 10 :
First of all, no it is not. I worked at an accountancy firm as an accountant recently and after I'd been there 6 months a woman joined as a new starter having given up her previous career, she was 32. Come the 3 month 'early hurdle exams', she beat everyone else from the firm and ended up winning a prize for her exam results! First of all, do you have a degree? It doesnt matter what degree you have really as long as you have decent numeracy (you are confident with a calculator doing percentages and such). Excel skills help too, but you can take courses in that anyway. If you have a degree then you simply need to apply to accountancy firms. It will be too late for a September start now of course, but some firms take new starters in January (I know Baker Tilly does). There are four huge accountancy firms : Price Waterhouse Coopers, KPMG, Ernst & Young, and Deloitte. They take hundreds of graduates each year. There are also many many smaller firms, generally smaller firms are easier to get jobs in because people apply for the firms they've heard of so competition is high at the big firms. Smaller firms are also more likely to take new people all year round. You can also train as an accountant at a non accountancy firm, where you will be surrounded by people from different fields (marketing, IT etc etc etc). There are different accountancy qualifications you can do too. Eg ACA (best by reputation), ACCA, (similar), CTA (Tax specialist), CIPFA (Public service accounting, ie working for the goverment), CIMA (More focused on business, ie if you dont want to work in practice). If you do not have a degree then you can still train, but you will almost certainly need to start with either AAT, or ATT (Tax focused). The benefits of the bigger accountancy firms is that they pay for all your training, which is expensive. You are also surrounded by accountants so you can ask questions to anyone. Here is the website of the Institute of Chartered Accountants in England & Wales: http://www.icaew.com/index.cfm/route/158423/icaew_ga/en/Home/Institute_of_Chartered_Accountants_in_England_and_Wales They run the ACA qualification, so they'll be biased towards that. Hmm I think thats it. Good Luck!
Answer 11 :
You are never too old to learn new tricks. I am 49 and going onto do a Masters degree in social work. As for ACCOUNTANCY TRAINING courses, just put this work in your browser and have a look at all of the training centres available. Cannot give you exact locations as I have no idea of your location, all the best. :O) Mike
i would like a career change to become an accountant, but have no idea where to start or what courses to take?
Higher Education (University +) - 11 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
35 is to old to learn to do anything new your past it
Answer 2 :
You are at the exact right age to become an accountant because you are just old enough to be boring!
Answer 3 :
NO. Get stuck in. I am nearly 50 and want to think about a career change involving years of study. It would have been preferable to have started younger, but I still have to decide what I will be doing in ten years from now.
Answer 4 :
you are never to old for anything!!!!!!!!!!!!!!!!!!!
Answer 5 :
nope - many firms would think it most advantageous, esp if you can bring with you experience of the 'real world' of business - check our the ACCA (chartered accountants institute) for ways in - also, call a few firms around you - they may be able to receive free funding to put you through the right courses if you join them - send off you CV and ask xx
Answer 6 :
35 is not old. You can be a tax agent or accountant, a tax agent just does returns like H&R block ect or a full accountant needs further studies, I would recommend speaking to a few accountants.
Answer 7 :
If you are good at and enjoy figures go for it. Contact your local F.E. College. They will have a number of courses for you to consider. It's about the time of year for open days/evenings where you can chat to Lecturers about what is on offer.
Answer 8 :
It's definitely NOT too late to change your career and become an accountant. You've got 25 years or more of potential work ahead of you. I'm 41, and after 20years in my previous profession, I'm now training to be a teacher, and going to live overseas. There must be lots of information out there on the internet concerning accountancy courses, and advise on career changes. BEST OF LUCK!
Answer 9 :
If you are in the UK you can start with the AAT course. You can do it in the evening. http://www.aat.org.uk/students/ You can then do ACCA etc from there
Answer 10 :
First of all, no it is not. I worked at an accountancy firm as an accountant recently and after I'd been there 6 months a woman joined as a new starter having given up her previous career, she was 32. Come the 3 month 'early hurdle exams', she beat everyone else from the firm and ended up winning a prize for her exam results! First of all, do you have a degree? It doesnt matter what degree you have really as long as you have decent numeracy (you are confident with a calculator doing percentages and such). Excel skills help too, but you can take courses in that anyway. If you have a degree then you simply need to apply to accountancy firms. It will be too late for a September start now of course, but some firms take new starters in January (I know Baker Tilly does). There are four huge accountancy firms : Price Waterhouse Coopers, KPMG, Ernst & Young, and Deloitte. They take hundreds of graduates each year. There are also many many smaller firms, generally smaller firms are easier to get jobs in because people apply for the firms they've heard of so competition is high at the big firms. Smaller firms are also more likely to take new people all year round. You can also train as an accountant at a non accountancy firm, where you will be surrounded by people from different fields (marketing, IT etc etc etc). There are different accountancy qualifications you can do too. Eg ACA (best by reputation), ACCA, (similar), CTA (Tax specialist), CIPFA (Public service accounting, ie working for the goverment), CIMA (More focused on business, ie if you dont want to work in practice). If you do not have a degree then you can still train, but you will almost certainly need to start with either AAT, or ATT (Tax focused). The benefits of the bigger accountancy firms is that they pay for all your training, which is expensive. You are also surrounded by accountants so you can ask questions to anyone. Here is the website of the Institute of Chartered Accountants in England & Wales: http://www.icaew.com/index.cfm/route/158423/icaew_ga/en/Home/Institute_of_Chartered_Accountants_in_England_and_Wales They run the ACA qualification, so they'll be biased towards that. Hmm I think thats it. Good Luck!
Answer 11 :
You are never too old to learn new tricks. I am 49 and going onto do a Masters degree in social work. As for ACCOUNTANCY TRAINING courses, just put this work in your browser and have a look at all of the training centres available. Cannot give you exact locations as I have no idea of your location, all the best. :O) Mike
Wednesday, July 7, 2010
The acting accountant hate me because she found out that I get a higher salary than her.what do i do?
The acting accountant hate me because she found out that I get a higher salary than her.what do i do?
I was recently employed on a full time basis afer volunteering with an organisation for two months. I graduated from University like 2 months ago.I was awarded a salary that is much higher than most of the senior people in my organisation. Main reason for this is that I have to do alot of field work.I was supposed to get a half salary last month and the accountant did not put me on the payroll so I never got paid. After she discovered the amount of money I'm getting,she sopped talking to me. I want to maintain a cordial relationship with her because I always have to get money for my activities from her. What do I do?
Financial Aid - 9 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Talk to the person that granted you the high salary and tell him the problem, I'll say
Answer 2 :
well i am in the same position i also hate my juniors who make much more money than i do, not only do i get paid less than them but i also have to train them.....to hell with them
Answer 3 :
Carry on as normal, be civil if you need to speak to her, after all its not your problem, shes the one with the problem
Answer 4 :
Not a lot you can do really apart from photocopy your next salary slip, sellotape in onto her computer screen and write 'ha ha ha' on the bottom of it in black magic marker. well done you.....you're fantastic!!
Answer 5 :
Talk to her and tel her that it is not your fault that you receive a higher salary. If the boss offered her more money would SHE refuse it?
Answer 6 :
In my experience, field work always pays more. Also, she is in control of her own destiny, if she doesnt like the current wage she is earning, she can move to a better job. Just do your job well, you cant argue with results.
Answer 7 :
Speak to your boss and explain the problem. It's not your responsibility to justify your salary.
Answer 8 :
she is,nt doing her job ,she is,nt worth her wage.just point out that you do your job she does her office work and thats it.If she is jealous, has she said so ,or is this just in your mind.If she wants the same money as you then she should change jobs to get it,her position is not essential to the firm,they can contract out.SHE HAS ALREADY MADE ONE MISTAKE,TELL THE BOSS ABOUT THE OMISSION FROM THE PAYROLL,OR HE WILL NEVER KNOW YOUR SIDE OF IT.
Answer 9 :
Tell her that you are under so much debt and every penny you earn goes away in paying the loans. Show her that you are in a pathatic financial position. This will make her pity you, and change jealousy into sympathy. Try it , you might succeed
I was recently employed on a full time basis afer volunteering with an organisation for two months. I graduated from University like 2 months ago.I was awarded a salary that is much higher than most of the senior people in my organisation. Main reason for this is that I have to do alot of field work.I was supposed to get a half salary last month and the accountant did not put me on the payroll so I never got paid. After she discovered the amount of money I'm getting,she sopped talking to me. I want to maintain a cordial relationship with her because I always have to get money for my activities from her. What do I do?
Financial Aid - 9 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Talk to the person that granted you the high salary and tell him the problem, I'll say
Answer 2 :
well i am in the same position i also hate my juniors who make much more money than i do, not only do i get paid less than them but i also have to train them.....to hell with them
Answer 3 :
Carry on as normal, be civil if you need to speak to her, after all its not your problem, shes the one with the problem
Answer 4 :
Not a lot you can do really apart from photocopy your next salary slip, sellotape in onto her computer screen and write 'ha ha ha' on the bottom of it in black magic marker. well done you.....you're fantastic!!
Answer 5 :
Talk to her and tel her that it is not your fault that you receive a higher salary. If the boss offered her more money would SHE refuse it?
Answer 6 :
In my experience, field work always pays more. Also, she is in control of her own destiny, if she doesnt like the current wage she is earning, she can move to a better job. Just do your job well, you cant argue with results.
Answer 7 :
Speak to your boss and explain the problem. It's not your responsibility to justify your salary.
Answer 8 :
she is,nt doing her job ,she is,nt worth her wage.just point out that you do your job she does her office work and thats it.If she is jealous, has she said so ,or is this just in your mind.If she wants the same money as you then she should change jobs to get it,her position is not essential to the firm,they can contract out.SHE HAS ALREADY MADE ONE MISTAKE,TELL THE BOSS ABOUT THE OMISSION FROM THE PAYROLL,OR HE WILL NEVER KNOW YOUR SIDE OF IT.
Answer 9 :
Tell her that you are under so much debt and every penny you earn goes away in paying the loans. Show her that you are in a pathatic financial position. This will make her pity you, and change jealousy into sympathy. Try it , you might succeed
Thursday, July 1, 2010
How can I find a good accountant?
How can I find a good accountant?
I don't particuarly want to emply one, but i do need some advice. Apart from just picking ne randomly from the yellow pages, I don't know where to start.
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It depends on what it is you need - if it is just general advice for a small business you could look for a book keeper (some advertise in local newspapers) just ask what their experience is before hand. Alternatively if its just to check over vat returns of do your personal tax then go to a small company - if it is to do the books for a big company talk to one of the more well known ones. I get most of my clients from my customers passing on my name so it is always worth asking anyone you know if they could recomend someone.
Answer 2 :
Going by personal recommendation is usually a good way. Talk to other small businesses that you know who are in your area and ask who they use. Its a good opener if you can say "so and so gave me your name as you might be able to help me". Lots of firms of accountants give a free half hour session where they will tell you if they can help you or not.
Answer 3 :
Try one of the professional bodies for Chartered Accountants - like http://www.icaew.com in England and Wales or http://www.icas.org.uk in Scotland. They will have directories of members in your area.
I don't particuarly want to emply one, but i do need some advice. Apart from just picking ne randomly from the yellow pages, I don't know where to start.
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It depends on what it is you need - if it is just general advice for a small business you could look for a book keeper (some advertise in local newspapers) just ask what their experience is before hand. Alternatively if its just to check over vat returns of do your personal tax then go to a small company - if it is to do the books for a big company talk to one of the more well known ones. I get most of my clients from my customers passing on my name so it is always worth asking anyone you know if they could recomend someone.
Answer 2 :
Going by personal recommendation is usually a good way. Talk to other small businesses that you know who are in your area and ask who they use. Its a good opener if you can say "so and so gave me your name as you might be able to help me". Lots of firms of accountants give a free half hour session where they will tell you if they can help you or not.
Answer 3 :
Try one of the professional bodies for Chartered Accountants - like http://www.icaew.com in England and Wales or http://www.icas.org.uk in Scotland. They will have directories of members in your area.
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