As a chartered accountants you’ll give advice, audit accounts and provide trustworthy information about financial records. This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes.
As a chartered accountant, you’ll need to:
- manage financial systems and budgets
- undertake financial audits (an independent check of an organisation’s financial position)
- provide financial advice
- liaise with clients (individuals or businesses) and provide financial information and advice
- review the company’s systems and analyse risk
- perform tests to check financial information and systems
- advise clients on tax planning (within current legislation to enable them to minimise their tax liability) and tax issues associated with activities such as business acquisitions and mergers
- maintain accounting records and prepare accounts and management information for small businesses (accountancy)
- advise clients on business transactions, such as mergers and acquisitions (corporate finance)
- counsel clients on areas of business improvement, or dealing with insolvency
- detect and prevent fraud (forensic accounting)
- manage junior colleagues
- liaise with internal and external auditors (where applicable) and deal with any financial irregularities as they arise
- produce reports and recommendations following internal audits or public-sector audits
- prepare financial statements, including monthly and annual accounts
- arrange financial management reports, including financial planning and forecasting
- advise on tax and treasury issues
- negotiate terms with suppliers.
- Starting salaries for accountants vary depending on the location, sector, size and type of firm. Graduates entering the career can expect to earn salaries of up to £25,000.
- The average earning potential (salary + bonus) of chartered accountants with two to four post-qualification years of experience is around £56,000.
- After 5 or more years, the average annual salary for a chartered accountant in business rises to £90,200, with an average yearly bonus of £20,600.
They vary depending on the role and the organisation, but typically aren’t 9am to 5pm. Working extra hours in the evening and at weekends is quite common in order to meet deadlines, particularly in larger firms. As a trainee, you’ll usually be given time off in lieu of any overtime worked.
Flexible working arrangements are usually possible after qualification. You could also work independently by setting up as a sole practitioner.
You will need to show:
- general business interest and awareness
- communication and interpersonal skills
- organisational and time management skills
- a methodical approach
- IT proficiency
- strong analytical and problem-solving skills
- leadership qualities and effective teamworking skills
- motivation and initiative
- integrity and trustworthiness.
Chartered Accountant roles
It matters arise in every aspect of running a business, from day-to-day VAT to share schemes. accountants prepare corporate and personal income tax statements and formulate tax strategies involving issues such as financial choice, how to best treat a merger or acquisition, deferral of taxes, when to expense items and the like.
Working in audit involves checking accounting ledgers and financial statements within corporations and is the basis of much accountancy practice. Auditing work is becoming increasingly computerised and can rely on sophisticated random sampling methods. Auditing may involve a lot of travel and allows Chartered Accountants work in a wide array of sectors.
The work of a financial accountant can be varied – one day they could be participating in important financial decisions involving mergers and acquisitions, the next they may be visiting a customer or supplier to set up a new account and discuss business. This work requires a good understanding of both accounting and finance. chartered accountants
Historically, many management accountants have been derided as “bean counters”. This mentality has undergone major change as management accountants now often work side by side with marketing and finance personnel to develop new business. Management accountants work in companies and participate in decisions about capital budgeting and line of business analysis.
Budget analysts are responsible for developing and managing an organisation’s financial plans. There are plenty of jobs in this area in government and private industry. Besides quantitative skills, many budget analyst positions require superior people skills because of negotiations involved in the work. The Chartered Accountancy qualification gives you the tools you need to excel in this area.
Engineering isn’t a career, it’s a feeling!
Guys, a person should be very careful in deciding engineering as their career. just do not follow that sheep like behaviour in persuing btech as a career.
- BASICALLY, WHAT IS ENGINEERING?
Engineering is the application of science and math to solve problems. Engineers figure out how things work and find practical uses for scientific discoveries. … A good engineer is a person who makes a design that works with as few original ideas as possible. Engineers apply the theories and principles of science and mathematics to research and develop economical solutions to technical problems. Their work is the link between perceived social needs and commercial applications.
But as we all know expectations is far away different from reality.
Lives of engineers can range from very good to very bad depending upon the nature of person, colleges, studies, jobs and priorities. Everyone should understand this that engineering is not as difficult as it is portrayed to us.
IF CHOCLATES ARE BAD FOR OUR TEETH THAT DOESN’T MEAN THAT WE SHOULD STOP EATING THEM!
LIFE OF ENGINEERS?
i would say a real tough one, engineers are sometimes portrayed as very studious people honestly, i believe thy are the least studious ones. They know working smartly and hardly both.
HERE ARE SOME QUALITIES OF AN ENGINEER APART FROM PORTRAYING THEIR DEGREES.
An engineer can become software developer, bank manager, IAS officer, Business manager or even a BPO assistant.
There won’t be anything called “Hot chick” in engineering college hence they understand their value and start respecting every girl.
Working under pressure-
Even though he (might have) never experienced “one night stand” ever but he knows how to survive examinations via “one
Engineers love to sleep, but they never go to bed early. Nights are not made to be spent
sleeping, lecture are.
Engineers are not lazy they are just highly motivated to procrastinate.
Engineers love everybody, apart from their Deans, scientists, new boyfriend of their ex-girl friends, authors of their curriculum books, power cutoffs and slow internet.
Team Projects and group seminars might have failed to teach them this quality but mass-bunks and proxy attendance will surely teach the value of team work.
Engineers get to know that world is full of dishonest people, when they join the college just because they have read the words like lavishing infrastructure, supporting faculty, 100% placements in their college brochures.
Also when they get to know that girl’s photo they saw on brochure doesn’t exist.
Network and relations-
None of the relatives or any friend’s mom ask them before but once they graduate everyone
calls them at their home (so that they can fix their table fans, mixers or radio transistors).
They recognize people with the mobile phone they carry and their laptop configurations rather than their names or faces.
Even highly qualified faculty might have failed in teaching them a topic, but he will remember every word of it when his friend dictates it before entering the examination hall.
Learn by Fun-
Playing tic tac toe during class, late night counter strike tournaments, watching T20 with friends and completing Angry birds stages during lab sessions gave engineers more competence than any other sport.
Two engineers saw a hot chick in mall,
First reaction: ABE dekh be, Gazab !!
Second reaction: Abey, jaane de yaar aukat ke bahar hai. 😛
Engineers also sacrifice their clean shaved look, to look more hard-working during exams for self motivation.
Engineers know that a 3G connection and 4Gb pen drive is the first requirement before preparing for practical exams. Engineers know the value of every single bar in Wifi
connectivity symbol and phone batteries.
Engineers never compromise with their health, they stay fit and immune due to regular dosage of maggi and backed-samosa. Having food at Punjabi dhaba and tea at extra-
(un)hygienic Gumti is the part of their diet.
Engineering is not just a degree. It teaches you the way of living life like a warrior.
Engineering gives a perception and attitude. It teaches you the survival.
- WHAT DO ENGINEERS DO ON JOB?
Engineers – What They Do. Engineers apply the principles of science and mathematics to develop economical solutions to technical problems. Their work is the link between scientific discoveries and the commercial applications that meet societal and consumer needs. Many engineers develop new products.
- 6 Different Types of Engineering Jobs
- Civil Engineering.
- computer science engineering.
- Mechanical Engineering.
- Chemical Engineering.
- Petroleum Engineering.
- Electrical Engineering.
Guys, life isn’t easy any way. Engineering couldn’t be told as a bad option. Follow your passion.
AND AND AND, THE GREATEST MYTH OF THE TIME IS BELOW –
My friends, this is not at all true. being an engineer, it’s just being all rounders and just get out of all the myths and go with the flow!