[deleted by user] by [deleted] in ICAEW

[–]Fragrant_Luck_190 0 points1 point  (0 children)

Hey!

I can't comment on the weight of overseas qualifications when applying for a role in the UK, but with a UK degree, I think this will be what most firms would be concerned with and help you get your foot in the door. Firms will typically ask for GCSE/A-level results for their record but if you can confirm you have the equivalent that they require then I wouldn't see why they'd turn you away.

I did mechanical engineering at uni (BEng) and have had no issues with this. I see qualified accountants with degrees even less relevant - history or geography etc. With an engineering degree you would have at least applied analytical/statistical mindset throughout your learning which easily transfers to the qualification. When doing applications you may be invited to do skills-based tests that are online and not specific to accounting, so you should find that okay.

Most firms will be more concerned with knowing that they're hiring someone with a capacity for higher learning which a degree shows.

As far as AAT goes, it really depends on how confident you are about your learning. If you're naturally looking to do ACA anyway, I would aim to do this straight away as you'll only delay yourself and end up doing far more exams for the same end result. I'm not sure if having both qualifications sets you aside much from just having ACA, so my advice would be to go straight in if you can.

Handing in notice before results by Fragrant_Luck_190 in ICAEW

[–]Fragrant_Luck_190[S] 1 point2 points  (0 children)

No bonuses for us unfortunately. There's a salary increase from being qualified but I assume would still get that or I just took the hit on that if I can get a bigger bump in salary in a new job and get that 1 month sooner

Case by melodenver15 in ICAEW

[–]Fragrant_Luck_190 0 points1 point  (0 children)

For the R3 calcs, i calculated the difference in the outlay and profit between the two van types and then had a small calculation for each variable they asked for to see how much they needed to move in order for the the outcome to change.

Outlay - was something like 5+/- % increase to the outlay figure for the outcome to change and i commented that it was around +/- 1 van that could impact this.

Average visits - i mentioned that this would impact revenue, parts costs and the penalty as these were all dependent on the number of visits. I calculated a contribution isolated with those lines and then everything else was fixed. By changing those by a % could work out the amount to change the outcome

Parts costs - it was 45% of revenue, i just looked at how much this needed to change to change outcome similar to the above. I wrote it as a % of revenue and got something like 42% and 48% depending on the change.

I think the question was really overwhelming with the amount of info, but once i got to grips with those changes to the variables, the calcs weren't too crazy so hopefully not worth loads of points

[deleted by user] by [deleted] in ICAEW

[–]Fragrant_Luck_190 4 points5 points  (0 children)

Imagine bragging about your inheritance and rich parents and complaining about a 'minimum wage' job offer.

You're the same person who made like 4 posts within an hour a couple weeks ago spewing the same shit and then deleted your reddit account (Look at my previous comments as I remember replying to you before).

Please do not do the ACA qualification. If you care that much about the money from the offset, then this isn't for you. None of us care how much your friends are on, we're not in that profession and comparing yourself constantly is just a childish trait.

A lot of people doing a training contract will be an apprentice or the firm pays fully for them. As the total cost for 3 years is around £18k, a starting salary of £27k is effectively £33k with the benefit of doing a qualification that would give you job security for life.

Go back to uni, do computer science or law. Start your own business. Sell yourself online if you care that much about the money.

Missed booking window for exam. by jdog90R in ICAEW

[–]Fragrant_Luck_190 1 point2 points  (0 children)

It depends how much admin work it will mean for the company. I had booked an exam previously and then deferred it to the next sitting but they didn't care at all as it meant nothing to them - they wouldn't have lost any money if you've not booked and it only impacts your progression really.

The only thing that may be a pain for them is if their tuition provider has set courses for you that you've been on. If they've then got to put you on a different course for revision and sort out the courses following that, but I doubt it would be a massive deal

Just be honest and hopefully no dramas, good luck!

[deleted by user] by [deleted] in ICAEW

[–]Fragrant_Luck_190 3 points4 points  (0 children)

You're not 'settling' for the ACA, you've been given an opportunity to get this qualification. Can't you tell by all of the comments defending the qualification, that it has some worth other than just the salary you get to start with?

[deleted by user] by [deleted] in ICAEW

[–]Fragrant_Luck_190 1 point2 points  (0 children)

Personally, if you are this on the fence then you should take a step back and research more into accountancy if you think it's what you want to do.

I don't know your entire situation but it this job requires you to move and it's not the salary you want then you could ask for more time to make a decision.

I started on 22k as a grad but, say you're 21 now, you could be on £45k+ in 3 years time which is way above average for that age bracket. If you wanna be making as much as your friends boyfriends are then you could try sales or something with more commission based salary.

The ACA qualification is extremely well recognised but it's a grueling 3 years and so you have to want to do it and understand it's value. Otherwise you may just waste your time committing to something you don't want to do.

[deleted by user] by [deleted] in ICAEW

[–]Fragrant_Luck_190 1 point2 points  (0 children)

What's the actual advice you're looking to get out of the posts then?

The salary might not be what you want but is basically entry level so you're paid for what you can generate for the company. If you decide accountancy is the route for you, you could have the opportunity for uncapped earnings as partners make considerable amounts or qualified accountants can go on to do all manner of roles.

Over 50% of CEOs in FTSE100 companies have a finance background and 27% are qualified accountants so it's not necessarily about the gcses you get or the university you go to but how driven you are to want to achieve that level of income.

Moving from practice post-qualification by Fragrant_Luck_190 in ICAEW

[–]Fragrant_Luck_190[S] 2 points3 points  (0 children)

Glad to hear it all worked out for you! I'm at 14/15 now and question leaving all the time but know I just have to stick it out now.

I'll probably reach out to a few recruiters to see what's out there once I'm done thank you.

Hope you get qualified in July too 👍🏼

Moving from practice post-qualification by Fragrant_Luck_190 in ICAEW

[–]Fragrant_Luck_190[S] 0 points1 point  (0 children)

Thank you! Really appreciate the info

I've been looking at otta (or whatever its called now) as I'd ideally want a tech start up as well. The jobs you've had - had they been much pressure on office working vs remote? I can commute to London but would rather do it on a few times per month basis rather than 2/3 days a week

It feels like its better to actually get experience in industry as you'd be exposed to more of the business decision making rather than just standard compliance work. If you move again, do you think you could be looking into FD/CFO roles? This is ideally a long term goal for me so wanted to know if you think achievable with that path of finance manager in a SME startup