Association of Accounting Technicians (AAT) Full time apprenticeship for 14 months or do u take my A levels?
Well I've nearly secured a place in the apprenticeship but I'm still uncertain whether to take this apprenticeship or my A levels in physics maths and ICT. I want to become an accountant but I don't want to risk it. I've talked to 2 career advisers none of them helped. Help please!!!
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I you KNOW you want to work in accountancy, the AAT qualification, especially if attained as part of an apprenticeship, would be a great start. It will exempt you from parts of the professional accountancy exams and gives you a head start when it comes to career advancement within accountancy. AAT is actually a good qualification for any business related career or to gain access to business related higher education. AAT equips you to do a job and add value immediately whereas that is not the focus of 'A' levels. Good A levels give the flexibility to provide access to higher education in business/accountancy (if you so choose) or in other fields, maybe science or mathematically based. Much as I respect AAT as an end in itself or as a route into the accounting professions, I suspect that those aiming for the very top of the career ladder may be better served by taking A levels and getting a good degree (I am told by an accounting lecturer that the big accountancy firms prefer your degree to be in a subject other than accountancy) while securing a place with one of the 'Big 4'. There is still kudos attached to holding a good degree in a traditional academic subject and accountancy recruiters seem to think it makes you a well rounded person. If you take the AAT route, you may need to push yourself to gain the broadest possible experience and to grab the challenging opportunities (if your employers fails to do so). Because you start able to do a good job, there can be a temptation to sit tight, take the money and have a quiet life, which is not a great career move. Those coming into the profession with a good degree will have knowledge outside of the accounting field (bear in mind that an accountant's clients come from many fields), and may well have been recruited onto a 'fast-track' training scheme that aims to move them into senior positions eventually. Maybe your choice will depend on what kind of person you are and, in particular, whether you can wait for deferred rewards and bear the risk of not getting there. In my opinion, AAT plus further study is a great way to become an accountant within an organisation or as a self-employed accountant. If that is linked to paid employment immediately, that would also be a consideration.To aim for the top within one of the biggest accountancy firms/management consultants, the academic route seems more likely to succeed provided you can show impeccable results and the right personality traits. Sorry - too many words. Hope some of them make sense.
Answer 2 :
Take your A levels and then you'll be well prepared for the future...you may find that you don't like accountancy after a few years so you need to give yourself the option of moving o
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Thursday, July 28, 2011
Thursday, July 14, 2011
Question to Accounting/ finance specialists?
Question to Accounting/ finance specialists?
i will have completed my honours degree in Accounting hopefully this month. I am just wanting to know - is it necessary in the finance industry to do a masters or is it ok if you went straight onto the chartered accountancy exams?
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You can do a Masters anytime. Get a job.
Answer 2 :
You can go straight into it. Good luck!
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i will have completed my honours degree in Accounting hopefully this month. I am just wanting to know - is it necessary in the finance industry to do a masters or is it ok if you went straight onto the chartered accountancy exams?
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You can do a Masters anytime. Get a job.
Answer 2 :
You can go straight into it. Good luck!
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Thursday, July 7, 2011
is there anyone out there good at accounting? (read On)?
is there anyone out there good at accounting? (read On)?
I gotta a few numbers I need to calculate depreciation charge profit & loss account and a balance sheet? thanks for all the answers Ps: u can email me via yahoo IM
Other - Business & Finance - 1 Answers
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Answer 1 :
Depreciation on what???? plant and machinery??...cars??? usually times its value by between 15% to 25% Profit and loss is income less expenses Balance sheet....well...if you dont know how to work out depreciation and profit and loss accounts....it would take to long to make a balance sheet
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I gotta a few numbers I need to calculate depreciation charge profit & loss account and a balance sheet? thanks for all the answers Ps: u can email me via yahoo IM
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Depreciation on what???? plant and machinery??...cars??? usually times its value by between 15% to 25% Profit and loss is income less expenses Balance sheet....well...if you dont know how to work out depreciation and profit and loss accounts....it would take to long to make a balance sheet
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Friday, July 1, 2011
i want to write off one debtor amount from ledger,please tell what is accounting entry?
i want to write off one debtor amount from ledger,please tell what is accounting entry?
Personal Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Issue a credit memo and code it with a bad debt entry. Then apply the credit to the invoice. Not sure if this is what you are asking. Give more details, accounting software, version, etc...
Answer 2 :
If you use a manual system then the double entry would be to credit your debtors account and debit a bad debt account with the amount you want to write off. Remember to adjust for VAT if you are registered and to post the VAT amount onto your VAT account. If you use an accounts package then you should have a facility to write off a transaction.
Answer 3 :
Bad Debt Expense - Dr A/R-Allowance for Doubtfull Accounts - Cr
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Personal Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Issue a credit memo and code it with a bad debt entry. Then apply the credit to the invoice. Not sure if this is what you are asking. Give more details, accounting software, version, etc...
Answer 2 :
If you use a manual system then the double entry would be to credit your debtors account and debit a bad debt account with the amount you want to write off. Remember to adjust for VAT if you are registered and to post the VAT amount onto your VAT account. If you use an accounts package then you should have a facility to write off a transaction.
Answer 3 :
Bad Debt Expense - Dr A/R-Allowance for Doubtfull Accounts - Cr
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