When you open a barclays savings account you need a passport to prove identity at the branch?
I have a current account and plan on opening a savings account online. Don't think I need to prove identity as I have logged into my account. What do you think? Which is best savings account?
Personal Finance - 11 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
yes or a photo driving licence
Answer 2 :
dont go to barclays, they are crap, try a building society
Answer 3 :
generally, anything gives better interest than Barclays
Answer 4 :
I have 3 current accounts and 3 savings accounts with various banks.. Also have ISA and bonds and unit trusts... Have never had a passport.. I believe I was once asked for a ulility bill. That is all .
Answer 5 :
Go to T, S B.
Answer 6 :
I work for barclays and they give good saving account. You do need photo ID, proof of address and maybe your national insurance (i think if you are getting your wages paid in). A passport, citizen card or driving license should do it.
Answer 7 :
You need to provide ID when opening any bank account. It is the law to prevent fraud taking place.
Answer 8 :
You may need a personal password and logging details to open anaccount on-line. They may ask your current account details for identity incase of fraud. For savings account to my view try a building society. if you live in UK try Newcastle building society. RECOMMENDED BY ME.
Answer 9 :
You need certain forms of identity to open any bank account, usually a current passport or driving licence, and two utility bills/credit card bills or council tax bill as proof of address. Once you already have an account with a particular bank you dont have to keep supplying these forms of identity, but you can merely go ahead and open an additional account. Can you not speak with your investments advisor at Barclays who will, I am sure, point you in the right direction with regard to your savings requirements. I think it depends on what you need - whether you might want to make regular savings or the odd lump sum investment. A mini cash ISA might be an alternative where you get your interest tax free. National savings and investmen ts offer the best interest rate on mini cash isas at the moment. Shop around - but if you particularly want to stay with Barclays, make them do the work to keep your business and pick their brains.
Answer 10 :
I have a current account with Barclays and when I opened an e-savings account I just applied online and didn't need to provide any additional identification (after logging into my account), but when I opened an ISA in the branch they asked for personal and address identification.
Answer 11 :
Barclay's have had to borrow £1.3 Billion from the bank of England. A load of senior execs have resigned. Alarm bells are ringing!!!!!! Wouldn't touch them with a barge pole.
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Saturday, December 28, 2013
Saturday, December 14, 2013
Business accounting spread sheets?
Business accounting spread sheets?
Can some one tell me the best way of keeping business records for my fastfood business I am looking for templates for purchases and daily sales.
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Headings would be (SALES) (FOOD EXPENSE) (GENERAL EXPENSES) SALES - from each day Food Expense - what food items you buy to prepare and sell General Expenses - utilities, rent, repairs (equipment), and whatever other expenses you incur of this nature Keep all your receipts together for each day or each week and enter them by the day You want your food costs to be separate to know if you are making enough in sales or need to raise your prices - - Normally software is expensive and for a large business and more than you need
Answer 2 :
If you have microsoft office on your computer you can download free templates from the microsoft site & taylor them to your own needs. There's lots of templates in other languages as well as English (UK). There's all kinds of things that you could use for your business not just spread sheets. Have a look and you will see what I mean. Hope this helps.
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Can some one tell me the best way of keeping business records for my fastfood business I am looking for templates for purchases and daily sales.
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Headings would be (SALES) (FOOD EXPENSE) (GENERAL EXPENSES) SALES - from each day Food Expense - what food items you buy to prepare and sell General Expenses - utilities, rent, repairs (equipment), and whatever other expenses you incur of this nature Keep all your receipts together for each day or each week and enter them by the day You want your food costs to be separate to know if you are making enough in sales or need to raise your prices - - Normally software is expensive and for a large business and more than you need
Answer 2 :
If you have microsoft office on your computer you can download free templates from the microsoft site & taylor them to your own needs. There's lots of templates in other languages as well as English (UK). There's all kinds of things that you could use for your business not just spread sheets. Have a look and you will see what I mean. Hope this helps.
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Saturday, December 7, 2013
My local MP has made an "accounting error." Easily done, eh?
My local MP has made an "accounting error." Easily done, eh?
The dirty thieving bastard. I've emailed him, and written to the twat. What else can I do? Nobody is answering the phone at the local office for some reason..... http://www.telegraph.co.uk/news/newstopics/mps-expenses/5334280/David-Chaytor-Labour-MP-suspended-by-his-party-over-expenses-disclosures.html
Politics - 11 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Throw a brick through his window. "Sorry officer, it slipped out of my hand" Easily done indeed. Oh, you may like this : http://www.gopetition.co.uk/online/27732.html
Answer 2 :
Most MPs nowadays are making many "mistakes" do to with finance. Jeremy Brown doesn't seem to have made any of these, so Somerset are okay!
Answer 3 :
What you can do, is use the only real, and truly effective! weapon you have at your disposal. Go quietly and deliberately to the poling booth on June the 4th. and vote for any! other party. vote ukip, British national party, the Green party. Even! the monster raving loony party. but don't give your vote to any of the main three parties. kick them out of politics. humiliate them in front of their masters, the EU. Its in your! hands.....quiet and deliberate revolution is far more powerfull than running around like headless chickens fuelled by anger and frustration. then follow it up at the general election. They only have power because YOU SAY SO!! ....take it away. make a start on june the 4th. don't get mad, (((GET EVEN.)))
Answer 4 :
Accounting error? That's just an excuse....when was the account done? If they haven't been found out....they'll just carry on as if nothing happen.....I can assure you that.
Answer 5 :
Do not fret. We in the US have the same problem ---- some of the people serving in the top positions of our government make "errors" like that on their taxes and people they employ. It must be something in the water that affects the brain and they cannot handle money. We don't get any response from ours either.
Answer 6 :
HIS MISTAKE IS TO LET THE PAPERS HAVE CRUCIAL INFORMATION ON THEIR HANDS. HE SHOULD RESIGN FROM PARLIAMENT, PROSECUTED AND SENT TO JAIL FOR A COUPLE OF YEARS AND HIS HOME GIVEN TO A HOMELESS FAMILY GREEDY, CORRUPT BASTARD
Answer 7 :
If these MPs are so bad they keep making these mistakes or errors is it any wonder the country is in such a mess?!! Surely any political party should see that these MPs lack the skills required for the job and deselect them!!
Answer 8 :
Spoil your vote, if you don't know who to vote for in the oncoming elections just scrawl a big x through all the candidates names. But i have to admit thats a cracker i made an accounting error! Andrew Neil done a good one the other night on his show "this week", Guinness book of records have a new category, first person in history to ever forget they paid a mortgage off.
Answer 9 :
Do you not feel that your being too hard on your MP, after all the accounting error only made him =richer=, anyone can make a mistake, strange though errors= they =make in accounting do not lead in the main to jail sentences as they would if, you or I made the same mistakes. and pocketed the benefitss, having reviewed my first comment. I change my answer =no you should be very hard on your MP=
Answer 10 :
Whilst I agree with you sentiments, I hope you have written to him in terms more polite then you have used in this question. If you have not the letter will be dumped in the waste paper basket. The way to deal with these people is to put your points very clearly without being abusive and able to prove the points you are making if called upon to do so. Remember these people have a very thick skin
Answer 11 :
Er.... hang on a minute, foul mouth. Why shouldn't MP's screw the British taxpayer if they get the opportunity to do so? Your average Brtish voter is an expert at moaning, whinging and bleating, and then puts the kettle on to have a nice hot cup of tea whilst watching Home & Away. What was that about MP's? Not at the minute dear, i'm watching Alf and Toadfish. I'd do the same if i could, but content myself at the minute from stealing items from my employer. Stop moaning, and put the kettle on for god's sake. The average voter in the UK is as thick as a brick wall.
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The dirty thieving bastard. I've emailed him, and written to the twat. What else can I do? Nobody is answering the phone at the local office for some reason..... http://www.telegraph.co.uk/news/newstopics/mps-expenses/5334280/David-Chaytor-Labour-MP-suspended-by-his-party-over-expenses-disclosures.html
Politics - 11 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Throw a brick through his window. "Sorry officer, it slipped out of my hand" Easily done indeed. Oh, you may like this : http://www.gopetition.co.uk/online/27732.html
Answer 2 :
Most MPs nowadays are making many "mistakes" do to with finance. Jeremy Brown doesn't seem to have made any of these, so Somerset are okay!
Answer 3 :
What you can do, is use the only real, and truly effective! weapon you have at your disposal. Go quietly and deliberately to the poling booth on June the 4th. and vote for any! other party. vote ukip, British national party, the Green party. Even! the monster raving loony party. but don't give your vote to any of the main three parties. kick them out of politics. humiliate them in front of their masters, the EU. Its in your! hands.....quiet and deliberate revolution is far more powerfull than running around like headless chickens fuelled by anger and frustration. then follow it up at the general election. They only have power because YOU SAY SO!! ....take it away. make a start on june the 4th. don't get mad, (((GET EVEN.)))
Answer 4 :
Accounting error? That's just an excuse....when was the account done? If they haven't been found out....they'll just carry on as if nothing happen.....I can assure you that.
Answer 5 :
Do not fret. We in the US have the same problem ---- some of the people serving in the top positions of our government make "errors" like that on their taxes and people they employ. It must be something in the water that affects the brain and they cannot handle money. We don't get any response from ours either.
Answer 6 :
HIS MISTAKE IS TO LET THE PAPERS HAVE CRUCIAL INFORMATION ON THEIR HANDS. HE SHOULD RESIGN FROM PARLIAMENT, PROSECUTED AND SENT TO JAIL FOR A COUPLE OF YEARS AND HIS HOME GIVEN TO A HOMELESS FAMILY GREEDY, CORRUPT BASTARD
Answer 7 :
If these MPs are so bad they keep making these mistakes or errors is it any wonder the country is in such a mess?!! Surely any political party should see that these MPs lack the skills required for the job and deselect them!!
Answer 8 :
Spoil your vote, if you don't know who to vote for in the oncoming elections just scrawl a big x through all the candidates names. But i have to admit thats a cracker i made an accounting error! Andrew Neil done a good one the other night on his show "this week", Guinness book of records have a new category, first person in history to ever forget they paid a mortgage off.
Answer 9 :
Do you not feel that your being too hard on your MP, after all the accounting error only made him =richer=, anyone can make a mistake, strange though errors= they =make in accounting do not lead in the main to jail sentences as they would if, you or I made the same mistakes. and pocketed the benefitss, having reviewed my first comment. I change my answer =no you should be very hard on your MP=
Answer 10 :
Whilst I agree with you sentiments, I hope you have written to him in terms more polite then you have used in this question. If you have not the letter will be dumped in the waste paper basket. The way to deal with these people is to put your points very clearly without being abusive and able to prove the points you are making if called upon to do so. Remember these people have a very thick skin
Answer 11 :
Er.... hang on a minute, foul mouth. Why shouldn't MP's screw the British taxpayer if they get the opportunity to do so? Your average Brtish voter is an expert at moaning, whinging and bleating, and then puts the kettle on to have a nice hot cup of tea whilst watching Home & Away. What was that about MP's? Not at the minute dear, i'm watching Alf and Toadfish. I'd do the same if i could, but content myself at the minute from stealing items from my employer. Stop moaning, and put the kettle on for god's sake. The average voter in the UK is as thick as a brick wall.
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Sunday, December 1, 2013
My company was victimised by a fraudulent accountant and I am not sure what to do?
My company was victimised by a fraudulent accountant and I am not sure what to do?
He is not a qualified accountant to practice the profession. He used my company and did many dodgy things and started a new accounting firm. I am afraid to complain to Inland Revenue as it may put my company in red. Recently he got some visa problems and leaving this country along with many clients and telling that he can do their accounts from abroad. I don't know his client list to alert them. What should I do and whom should I complain and how can I sort my own accounts? Please help me and guide me.
Law & Legal - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I know nothing about business, .......but common sense tells me to contact the Inland Revenue and the police. You must do this to keep your own name clean.... I wish you all the best and hope you can get this mess sorted out.
Answer 2 :
You were "victimised," by an accountant who did "dodgy" things (obviously he discussed this with or you wouldn't know about it) for which going to IR will put your company in the red? At what point did the alarm bells ring? Best advice is to go to a recommended, qualified (with professional membership) accountant and let him sort it out. If you could have sorted your own accounts out in the first place you wouldn't be in this trouble!
Answer 3 :
From what you write you would seem to have had some knowledge of this persons irregularities for some time?, Go to the inland revenue, and the police as there could be an infringement in law against this person. But whatever you do be prepared that you yourself, will have to answer some very detailed questions by these two depts officials
Answer 4 :
How will not reporting it keep you in the black? If he is damaging your company, keeping quiet will only allow him to do it to more people. If you are prepared to involve Inland Revenue, without the support of a circumstantial audit, you already have significant documentation. Regardless you will still need another firm to assess the entire system. Your first paragraph seems to be more fraud than tax issues. You were only a victim to the point you became suspicious and silence only aggravates the situation. If you begin with the local authorities, they will be able to alert the other clients and notify any additional agencies. Good Luck.
Answer 5 :
As to your last question "how can I sort my own accounts", things are probably too bad by now for you to still be able to fix it yourself. You will need to hire another accountant to straighten out your books. Make sure to get a qualified one this way.
Answer 6 :
You mut speak to inland revenue. They will do what they can to help and if you put it off it will end up worse for you The accountant needs to be reported to trading standards at least Also....even though he is not qualified you should still contact the institute of chartered accountants so they can be on alert and warn people should he return to the country Find a book keeper by looking through your local paper for this years accounts....and purchase sage software and either learn it or employ a part time person to control it. it will be cheaper than a firm of accountants
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He is not a qualified accountant to practice the profession. He used my company and did many dodgy things and started a new accounting firm. I am afraid to complain to Inland Revenue as it may put my company in red. Recently he got some visa problems and leaving this country along with many clients and telling that he can do their accounts from abroad. I don't know his client list to alert them. What should I do and whom should I complain and how can I sort my own accounts? Please help me and guide me.
Law & Legal - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I know nothing about business, .......but common sense tells me to contact the Inland Revenue and the police. You must do this to keep your own name clean.... I wish you all the best and hope you can get this mess sorted out.
Answer 2 :
You were "victimised," by an accountant who did "dodgy" things (obviously he discussed this with or you wouldn't know about it) for which going to IR will put your company in the red? At what point did the alarm bells ring? Best advice is to go to a recommended, qualified (with professional membership) accountant and let him sort it out. If you could have sorted your own accounts out in the first place you wouldn't be in this trouble!
Answer 3 :
From what you write you would seem to have had some knowledge of this persons irregularities for some time?, Go to the inland revenue, and the police as there could be an infringement in law against this person. But whatever you do be prepared that you yourself, will have to answer some very detailed questions by these two depts officials
Answer 4 :
How will not reporting it keep you in the black? If he is damaging your company, keeping quiet will only allow him to do it to more people. If you are prepared to involve Inland Revenue, without the support of a circumstantial audit, you already have significant documentation. Regardless you will still need another firm to assess the entire system. Your first paragraph seems to be more fraud than tax issues. You were only a victim to the point you became suspicious and silence only aggravates the situation. If you begin with the local authorities, they will be able to alert the other clients and notify any additional agencies. Good Luck.
Answer 5 :
As to your last question "how can I sort my own accounts", things are probably too bad by now for you to still be able to fix it yourself. You will need to hire another accountant to straighten out your books. Make sure to get a qualified one this way.
Answer 6 :
You mut speak to inland revenue. They will do what they can to help and if you put it off it will end up worse for you The accountant needs to be reported to trading standards at least Also....even though he is not qualified you should still contact the institute of chartered accountants so they can be on alert and warn people should he return to the country Find a book keeper by looking through your local paper for this years accounts....and purchase sage software and either learn it or employ a part time person to control it. it will be cheaper than a firm of accountants
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Thursday, November 28, 2013
How to transfer money from Halifax bank account to paypal account?
How to transfer money from Halifax bank account to paypal account?
I have a paypal account and Halifax bank account. I need to transfer money from my bank account to paypal so I could make payments for ebay. However I can't figure out how to do this, I can't find any options on my bank account. I appreciate any help, thank you!
Personal Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You do this through the Paypal site. Log in, and follow the instructions clearly indicated.
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I have a paypal account and Halifax bank account. I need to transfer money from my bank account to paypal so I could make payments for ebay. However I can't figure out how to do this, I can't find any options on my bank account. I appreciate any help, thank you!
Personal Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You do this through the Paypal site. Log in, and follow the instructions clearly indicated.
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Thursday, November 14, 2013
My company was victimised by a fraudulent accountant and I am not sure what to do?
My company was victimised by a fraudulent accountant and I am not sure what to do?
He is not a qualified accountant to practice the profession. He used my company and did many dodgy things and started a new accounting firm. I am afraid to complain to Inland Revenue as it may put my company in red. Recently he got some visa problems and leaving this country along with many clients and telling that he can do their accounts from abroad. I don't know his client list to alert them. What should I do and whom should I complain and how can I sort my own accounts? Please help me and guide me.
Small Business - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Report him to the Institute of Chartered Accountants as a start it sounds as if he is acting illegally
Answer 2 :
Did he claim to be qualified when you employed him? If so, then reporting to the body he claimed to be qualified with, or trading standards may be an option. You can't really protect anyone else unless approached for a reference, or until a criminal conviction is obtained - otherwise the local newspapers would be full of such stories of complaint. To sort yourself out, hire a properly qualified accountant. There is a lot of regulation that accountancy firms have to comply with. Either approach an institute directly, or look in the yellow pages for the group adverts under the ACCA or ICAEW banners.
Answer 3 :
Contact your company solicitor and ask for advice. There's no getting around this and you will have to make statements to the IRS and probably the police. If you had truly no knowledge that he was unqualified before working on your accounts, you will be okay but an independent audit will need to be carried out and you will be liable to pay any outstanding taxes. The best thing is to co-operate as fully as you can. If you are asked a question to which you do not know the answer or you do not remember, just say that. Don't make anything up, even to get this guy convicted. It could backfire on you. There are some good accounting packages such as Quicken and Sage that are useful. But you'll probably still need and accountant to give them the 'once over' at the end of the financial year. Best Wishes.
Answer 4 :
How do you know he did 'dodgy' things? What was dodgy about them? Sorting out the mess starts with getting your business information from all taxing authorities and suppliers. They will know what your company owes them and can give you a current statement. As for putting your company in the red - it's best to know sooner than later. contact the Inland Revenue and let them know you are concerned about some of the practices of your previous accountant. Ask for their help, they'd much prefer you have a going concern that earns profits (and therefore gives them tax money) than see you go under.
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He is not a qualified accountant to practice the profession. He used my company and did many dodgy things and started a new accounting firm. I am afraid to complain to Inland Revenue as it may put my company in red. Recently he got some visa problems and leaving this country along with many clients and telling that he can do their accounts from abroad. I don't know his client list to alert them. What should I do and whom should I complain and how can I sort my own accounts? Please help me and guide me.
Small Business - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Report him to the Institute of Chartered Accountants as a start it sounds as if he is acting illegally
Answer 2 :
Did he claim to be qualified when you employed him? If so, then reporting to the body he claimed to be qualified with, or trading standards may be an option. You can't really protect anyone else unless approached for a reference, or until a criminal conviction is obtained - otherwise the local newspapers would be full of such stories of complaint. To sort yourself out, hire a properly qualified accountant. There is a lot of regulation that accountancy firms have to comply with. Either approach an institute directly, or look in the yellow pages for the group adverts under the ACCA or ICAEW banners.
Answer 3 :
Contact your company solicitor and ask for advice. There's no getting around this and you will have to make statements to the IRS and probably the police. If you had truly no knowledge that he was unqualified before working on your accounts, you will be okay but an independent audit will need to be carried out and you will be liable to pay any outstanding taxes. The best thing is to co-operate as fully as you can. If you are asked a question to which you do not know the answer or you do not remember, just say that. Don't make anything up, even to get this guy convicted. It could backfire on you. There are some good accounting packages such as Quicken and Sage that are useful. But you'll probably still need and accountant to give them the 'once over' at the end of the financial year. Best Wishes.
Answer 4 :
How do you know he did 'dodgy' things? What was dodgy about them? Sorting out the mess starts with getting your business information from all taxing authorities and suppliers. They will know what your company owes them and can give you a current statement. As for putting your company in the red - it's best to know sooner than later. contact the Inland Revenue and let them know you are concerned about some of the practices of your previous accountant. Ask for their help, they'd much prefer you have a going concern that earns profits (and therefore gives them tax money) than see you go under.
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Thursday, November 7, 2013
Accounting-debit/credit entries for bad debts, provision for bad debts and debtors?
Accounting-debit/credit entries for bad debts, provision for bad debts and debtors?
My book doesn't answer these questions. I mean I am asked to adjust the provision for bad debts to 10% of the closing debtors which increases my provision by £300, so thats a credit entry, right? then what? does that go in the Income statement and increases bad debts or does that reduce my debtors? And another question, extra bad debts-dbt bad debts expense, does that mean i need to credit the debtors? if you can answer these questions and if you have any other things about this which are essential to understand the bad debts stuff, I would be really grateful. Thanks a million.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
By increasing your bad debt provision (in the balance sheet) by £300 you are right in stating that the credit entry in the balance sheet is to post £300 to your bad debt provision account. The debit entry for £300 will be posted to the bad debt account in the profit and loss account (income statement). As far as the second part of your question is concerned you must differentiate between a bad debt provision (as described above) and a bad debt write off. A bad debt provision is merely providing for any possible future bad debts in compliance with the prudence concept. These bad debts may not actually materialise and you may in future periods actually reduce you bad debt provision. This would lead to the opposite effect to what was described above, ie. a debit entry in the bad debt provision account and a credit entry in the profit and loss account. However, with a bad debt write off you would credit the debtor account directly (ie. make no entry at all in the bad debt provision account). This will reduce the debtor balance permanently. The debit entry would, however, be the same as in the bad debt provision scenario, ie. a debit entry to the bad debt account in the profit and loss account. I hope the above makes sense.
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My book doesn't answer these questions. I mean I am asked to adjust the provision for bad debts to 10% of the closing debtors which increases my provision by £300, so thats a credit entry, right? then what? does that go in the Income statement and increases bad debts or does that reduce my debtors? And another question, extra bad debts-dbt bad debts expense, does that mean i need to credit the debtors? if you can answer these questions and if you have any other things about this which are essential to understand the bad debts stuff, I would be really grateful. Thanks a million.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
By increasing your bad debt provision (in the balance sheet) by £300 you are right in stating that the credit entry in the balance sheet is to post £300 to your bad debt provision account. The debit entry for £300 will be posted to the bad debt account in the profit and loss account (income statement). As far as the second part of your question is concerned you must differentiate between a bad debt provision (as described above) and a bad debt write off. A bad debt provision is merely providing for any possible future bad debts in compliance with the prudence concept. These bad debts may not actually materialise and you may in future periods actually reduce you bad debt provision. This would lead to the opposite effect to what was described above, ie. a debit entry in the bad debt provision account and a credit entry in the profit and loss account. However, with a bad debt write off you would credit the debtor account directly (ie. make no entry at all in the bad debt provision account). This will reduce the debtor balance permanently. The debit entry would, however, be the same as in the bad debt provision scenario, ie. a debit entry to the bad debt account in the profit and loss account. I hope the above makes sense.
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Friday, November 1, 2013
How are investors protected in the UK from companies who manipulate their figures in their financil statements?
How are investors protected in the UK from companies who manipulate their figures in their financil statements?
For example in France, the accounting system is incorporated with the fisc. So there is less chance for French companies to cheat or not pay their taxes because it's more regulated. But in the UK, the fisc and accounting are two different entites. Both fisc and accounting are not part of the government unlike in France. So how are investors protected in such a way that companies presente the right figures and pay their taxes as they should? Thank you in advance.
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Generally, UK standards are based on US ones = and In UK, HMRC (the Taxman) enforces them ..
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For example in France, the accounting system is incorporated with the fisc. So there is less chance for French companies to cheat or not pay their taxes because it's more regulated. But in the UK, the fisc and accounting are two different entites. Both fisc and accounting are not part of the government unlike in France. So how are investors protected in such a way that companies presente the right figures and pay their taxes as they should? Thank you in advance.
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Generally, UK standards are based on US ones = and In UK, HMRC (the Taxman) enforces them ..
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Monday, October 28, 2013
Which is the best business account for a start up sole trader?
Which is the best business account for a start up sole trader?
My husband is a plumber. We wish to open a business account and take out a small loan to buy a van and have it sign written. I bank with Barclays and he banks with Natwest (never got round to a joint account!) though he also has a Barclaycard. We now wish to get our finances in order and want: 1. Business Account 2. Housekeeping Account 3. £2000 loan. Does anyone have any pertinent advice please?
Small Business - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Being a small business owner, you need to pay extra attention to management of financial resources. Since growth of your business somehow depends on its financial position, you should always be cautious about cash flaw within or outside your business. It is quite true that lack of finance can become a big problem in the way of the success of your small business. http://www.worldbestloans.com/businessloans.htm Since market is crowded with various business loan schemes, every small business owner can manage to get the desired amount without any problem. Therefore if you own a new and small business organization and financial shortfall is bothering you, then these loans can prove to be the best help for you.
Answer 2 :
Monday-Saturday:7:30am-6:30pm {Processing time}. Sunday:12noon-6:30pm {Processing time}. Compliment of the season. I am Mr. William Nellord MD "DIAMOND FINANCIAL HOME" I am a certified loan lender i give out loan at interest rate of 3%. I give out loan for any purpose. Do you want to pay your bills?, OR in financial problem? even bad credit? or for any other reason? Contact me today with the following eMail:financediamond@gmail.com Kindly fill and reply with the form bellow Full Name: Contact Address: Phone: Country: Amount Needed as Loan: Loan Duration: Gender: we can start with the processing of your loan immediately. Mr. William Nellord Managing Director DIAMOND FINANCIAL HOME INT'L
Answer 3 :
visit the following url
Answer 4 :
Provided you've kept your personal accounts in good order, you're probably better applying to either of your current banks for your new accounts. They know you and will also be best placed for considering a loan. A completely new bank will want to see your track record before lending to you. We've not used either bank although I know Nat West used to have very good start up information, including your business plan layout, which is something you'll need to submit as part of a loan application. When we first started, we banked with Royal Bank of Scotland. We then moved to Lloyds. It was easy to open an account for our second business with them because they knew us. Think about asking for an overdraft to cover your van purchase. You can pay it off quicker than a loan. A plumbing business should be able to pull in that money quite quickly. Contact your local Business Link for free help and advice on starting your business. They're good on funding sources and will help with your business plan content. Good luck with your new venture!
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My husband is a plumber. We wish to open a business account and take out a small loan to buy a van and have it sign written. I bank with Barclays and he banks with Natwest (never got round to a joint account!) though he also has a Barclaycard. We now wish to get our finances in order and want: 1. Business Account 2. Housekeeping Account 3. £2000 loan. Does anyone have any pertinent advice please?
Small Business - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Being a small business owner, you need to pay extra attention to management of financial resources. Since growth of your business somehow depends on its financial position, you should always be cautious about cash flaw within or outside your business. It is quite true that lack of finance can become a big problem in the way of the success of your small business. http://www.worldbestloans.com/businessloans.htm Since market is crowded with various business loan schemes, every small business owner can manage to get the desired amount without any problem. Therefore if you own a new and small business organization and financial shortfall is bothering you, then these loans can prove to be the best help for you.
Answer 2 :
Monday-Saturday:7:30am-6:30pm {Processing time}. Sunday:12noon-6:30pm {Processing time}. Compliment of the season. I am Mr. William Nellord MD "DIAMOND FINANCIAL HOME" I am a certified loan lender i give out loan at interest rate of 3%. I give out loan for any purpose. Do you want to pay your bills?, OR in financial problem? even bad credit? or for any other reason? Contact me today with the following eMail:financediamond@gmail.com Kindly fill and reply with the form bellow Full Name: Contact Address: Phone: Country: Amount Needed as Loan: Loan Duration: Gender: we can start with the processing of your loan immediately. Mr. William Nellord Managing Director DIAMOND FINANCIAL HOME INT'L
Answer 3 :
visit the following url
Answer 4 :
Provided you've kept your personal accounts in good order, you're probably better applying to either of your current banks for your new accounts. They know you and will also be best placed for considering a loan. A completely new bank will want to see your track record before lending to you. We've not used either bank although I know Nat West used to have very good start up information, including your business plan layout, which is something you'll need to submit as part of a loan application. When we first started, we banked with Royal Bank of Scotland. We then moved to Lloyds. It was easy to open an account for our second business with them because they knew us. Think about asking for an overdraft to cover your van purchase. You can pay it off quicker than a loan. A plumbing business should be able to pull in that money quite quickly. Contact your local Business Link for free help and advice on starting your business. They're good on funding sources and will help with your business plan content. Good luck with your new venture!
Read more other entries :
Monday, October 14, 2013
is there anyway to still do accounting without A-level math?
is there anyway to still do accounting without A-level math?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It might be possible to do it with accounting A level, but usually A level maths is considered alongside it. you can also do accounting courses at college, but if you can't handle A level maths, you shouldn't consider a career in accounting.
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Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It might be possible to do it with accounting A level, but usually A level maths is considered alongside it. you can also do accounting courses at college, but if you can't handle A level maths, you shouldn't consider a career in accounting.
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Monday, October 7, 2013
How do I keep my gmail account to use for youtube after I close an account?
How do I keep my gmail account to use for youtube after I close an account?
After I closed a youtube account and then tried to make new one it said my gmail account is already being used for the youtube account I closed. How can I keep using my gmail account for youtube without having to make a new one? Is this possible?
YouTube - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
While I don't know the exact answer, this might be a workaround. One of the hidden features of gmail is that you can create extended email addresses. So, if your email address is "somename@gmail.com" you can tag on a + and any other text and still get emails. For instance, you could make "somename+newyoutube@gmail.com" and (1) it would still be a valid email address, and (2) you'd still receive your emails at the primary address of "somename@gmail.com" You don't have to do any setup to enable this feature of gmail. Just choose an extension and start sending emails to it. Caveat: since Youtube is owned by Google, they may be wise to this trick and prevent it. Other sites I've used it on don't prevent it.
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After I closed a youtube account and then tried to make new one it said my gmail account is already being used for the youtube account I closed. How can I keep using my gmail account for youtube without having to make a new one? Is this possible?
YouTube - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
While I don't know the exact answer, this might be a workaround. One of the hidden features of gmail is that you can create extended email addresses. So, if your email address is "somename@gmail.com" you can tag on a + and any other text and still get emails. For instance, you could make "somename+newyoutube@gmail.com" and (1) it would still be a valid email address, and (2) you'd still receive your emails at the primary address of "somename@gmail.com" You don't have to do any setup to enable this feature of gmail. Just choose an extension and start sending emails to it. Caveat: since Youtube is owned by Google, they may be wise to this trick and prevent it. Other sites I've used it on don't prevent it.
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Tuesday, October 1, 2013
How many accounts do you need to get suspended before you get an IP ban?
How many accounts do you need to get suspended before you get an IP ban?
What if you have loads of people using the same computer? How many account suspension does Yahoo allow before it bans your IP? Or does it just keep letting you make account after account?
Yahoo! Answers - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I would guess 15
Answer 2 :
I doubt there's a limit because (a) Bans are to appease complaining yahooers (b) They want people to stay here to see advertising and (c) those mutherfockers who keep posting about escort services in india would have gotten an IP ban long ago.
Answer 3 :
If you get an account suspended it wont allow you to use that same email to create a new account. Which sucks because it's pretty easy to get suspended especially if your aren't used to talking slang alot. So I for example created a new email so my old one is same, so its good to keep the main one for just mail and a new one for Y!A.
Answer 4 :
Having multiple accounts isn't what's strictly against the rules, due to shared computers, What is against the rules is point-gaming--ie, creating several accounts, asking questions with one, answering with the other, and then selecting your own answer as best. If you're caught doing this, the accounts will be suspended, but you will be able to create a new account on the same computer. Yahoo doesn't have a policy of banning IPs, though of course they have the ability to do so. My guess would be that severe abuse, such as extreme hate speech or violent threats, would be the type of thing that would actually get an IP ban.
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What if you have loads of people using the same computer? How many account suspension does Yahoo allow before it bans your IP? Or does it just keep letting you make account after account?
Yahoo! Answers - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I would guess 15
Answer 2 :
I doubt there's a limit because (a) Bans are to appease complaining yahooers (b) They want people to stay here to see advertising and (c) those mutherfockers who keep posting about escort services in india would have gotten an IP ban long ago.
Answer 3 :
If you get an account suspended it wont allow you to use that same email to create a new account. Which sucks because it's pretty easy to get suspended especially if your aren't used to talking slang alot. So I for example created a new email so my old one is same, so its good to keep the main one for just mail and a new one for Y!A.
Answer 4 :
Having multiple accounts isn't what's strictly against the rules, due to shared computers, What is against the rules is point-gaming--ie, creating several accounts, asking questions with one, answering with the other, and then selecting your own answer as best. If you're caught doing this, the accounts will be suspended, but you will be able to create a new account on the same computer. Yahoo doesn't have a policy of banning IPs, though of course they have the ability to do so. My guess would be that severe abuse, such as extreme hate speech or violent threats, would be the type of thing that would actually get an IP ban.
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Saturday, September 28, 2013
what website provides advanced higher accounting course material? the full course material!?
what website provides advanced higher accounting course material? the full course material!?
links please
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The best web service for accounting is http://www.studyinteractive.org/ You are able to get the material just on it's own - or you can also take the whole ACCA program - or a MBA in Financial Services from the University of East London (via London School of Business and Finance administration).
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links please
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The best web service for accounting is http://www.studyinteractive.org/ You are able to get the material just on it's own - or you can also take the whole ACCA program - or a MBA in Financial Services from the University of East London (via London School of Business and Finance administration).
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Saturday, September 14, 2013
can you name me universities that i can get a degree on accounting in England?
can you name me universities that i can get a degree on accounting in England?
if posible.... london only
Higher Education (University +) - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Manchester University definitely but i imagine that all of them probably do this.
Answer 2 :
Try the UCAS website, www.ucas.com, they have listing of all universities and courses.
Answer 3 :
LSE.
Answer 4 :
Try google or yahoo search engine and search for what universities in london can I study a degree in accounting? I would imagine all of them will do, or alternately ring round universities and request prospectus so you can compare.
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if posible.... london only
Higher Education (University +) - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Manchester University definitely but i imagine that all of them probably do this.
Answer 2 :
Try the UCAS website, www.ucas.com, they have listing of all universities and courses.
Answer 3 :
LSE.
Answer 4 :
Try google or yahoo search engine and search for what universities in london can I study a degree in accounting? I would imagine all of them will do, or alternately ring round universities and request prospectus so you can compare.
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Saturday, September 7, 2013
Do I have to get my Limited Company Accounts Audited?
Do I have to get my Limited Company Accounts Audited?
I am going to start a UK Private Limited Company for a little web venture I have. We will make (much, much) less than 1m so would be classed as "small". The main cost seems to be in accounting as we would be able to do our own accounts, but I believe we would have to get them audited at the end of the year which would cost about £1000. If we are only a small company making a few thousand a year, so we still have to get provide audited accounts, just because we are a LTD? Thanks!
Small Business - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
you most certainly will have to get them aduited, a small company can still fiddle the tax man.
Answer 2 :
No, beacuse your turnover is less than £6.5m and your balance sheet would be less than £3.26m you qualify as a small company for audit exemption purposes. You can also file abbreviated accounts which means you don't have to have so much detailed infornmation which is open to the public (and your competition if you have any) since company accounts are published by companies house. You will need - year end accounts compiling, a company tax return completed, a company return to companies house, and the shareholders will need to include the income they recieve on their personal tax returns. My advice would be don't try to do it all yourself as you may actually lose money iff you don't take advantage of the tax savings you may be able to make. However you may be best not to use an Accountant as they charge the earth, use a book-keeper who is clued up on taxation (like me for example). I charge £120 for year end accounts, £40 for company tax returns, £40 for personal tax returns http://www.businesslink.gov.uk/static/html/detail-2387.html http://www.businesslink.gov.uk/static/html/layer-565.html
Answer 3 :
No, an accountant will produce a set of accounts for you, they do not need auditing, they can be restricted to directors declarations. It will probably cost nearer 4-500 depending how much information you give the accountant to work from.
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Sunday, September 1, 2013
I am studying for a legal accounting exam help!?
I am studying for a legal accounting exam help!?
Why does where you put the credits and debits change from cash account to client ledger account? what is a ledger? any lawyers out there who knows how much this course is really going to help with my future career?????
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Ledger is another word for 'book'.... If the course is any good, they will explain where and why Credits & Debits are recorded. Understanding Finance is the first step to understanding why the poor will always be poor and why you will always be better off. As for your future - well the closer you are to the Money the more you can earn for yourself - and once you start to understand Money you can arrange your own finances to allow you to spend your life in comfort. I would recommend you go for it.
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Why does where you put the credits and debits change from cash account to client ledger account? what is a ledger? any lawyers out there who knows how much this course is really going to help with my future career?????
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Ledger is another word for 'book'.... If the course is any good, they will explain where and why Credits & Debits are recorded. Understanding Finance is the first step to understanding why the poor will always be poor and why you will always be better off. As for your future - well the closer you are to the Money the more you can earn for yourself - and once you start to understand Money you can arrange your own finances to allow you to spend your life in comfort. I would recommend you go for it.
Read more other entries :
Wednesday, August 28, 2013
why did accounting formula did not flexible for each accountant?
why did accounting formula did not flexible for each accountant?
the result should be a professional anwser
Financial Aid - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
in which case the question needs to be PROFESSIONAL too.
Answer 2 :
I'm an accounting Technician - don't understand your question! I'm professional why isn't your question?
Answer 3 :
this dont add up
Read more other entries :
the result should be a professional anwser
Financial Aid - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
in which case the question needs to be PROFESSIONAL too.
Answer 2 :
I'm an accounting Technician - don't understand your question! I'm professional why isn't your question?
Answer 3 :
this dont add up
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Wednesday, August 14, 2013
Looking for a description of what constitutes Property Base Accounting?
Looking for a description of what constitutes Property Base Accounting?
In A Leasehold Management Environment
Corporations - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
dunno and neither does google
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In A Leasehold Management Environment
Corporations - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
dunno and neither does google
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Wednesday, August 7, 2013
what does "to factor" mean, n wat is a factoring agreement in accounting/financial environment? in the UK.
what does "to factor" mean, n wat is a factoring agreement in accounting/financial environment? in the UK.
it would help if you can explain the term in accordance with credit control for a commercial firm, or in terms of relevance with a account department.
Credit - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
A factor is a business that buys accounts recievable at less than face. The factor then deals with collections and bad debts.
Answer 2 :
a factor agreement is like a credit agreement whats happens is a company will sell products to a second company. the company buying the goods might want longer than normal crdit terms. so the selling companys goes to a FACTORING HOUSE the will pay the selling company for the goods that the other company has bought minus a commision charge. them the company that bought the goods will pay the FACTORING HOUSE. that way every one is happing A sells to B and C pays A less 10% then B pays C a=seller b=buyer c=factoring house
Answer 3 :
Factoring is simply a tool that a company can use to get in the money for the things it sells straight away. Supposing a company sold goods or services for a hundred pounds. It would then raise an invoice for a hundred pounds. This £100 would then be entered on to the company's Sales Ledger as a sale. Lets suppose though that the Customer took 3 months to pay the bill helping themselves to 90 days free credit as it were. Rather than wait 90 days for its money, the company simply 'sells' it's invoices to a factoring company for typically 90% of their value. In this case £90.00 The factoring company now owns the debt and chases the original customer for the £100 and when it gets it, makes a £10 profit over and above the £90 it paid for the £100 invoice. Where the company got its £90 straight away that improved the cash flow of the company but it effectively traded away 10% of its turnover in exchange for immediate cash flow. A smart company therefore (particularly where multi million pound turnover and high Debt Lag due to lazy payers) will incorporate10% of the overall price of their goods or services to allow for factoring in the first place. However there is a fine line to be drawn here. If it costs less than 10% of its turnover to chase its own debt (with a good credit control department for example) then factoring is not a viable alternative unless you can find one who will purchase your invoices for a percentage of invoice value less than that it would cost you to do it yourself. Hope you found this helpful.
Answer 4 :
"to factor" means to enter into a factoring agreement. Factoring is generally done for cashflow purposes. A company will take it debtors (people who owe them money) and give their names and addresses to a factoring company. The factoring company will then advance them money (normally discounted i.e the factor will only advance 80% of the total debtors) on the strength of the debtor list for a fee (typically 10% of the total amount owed but he customers). This means the factor takes over the credit control function for the company and chases it's debts for it. Factoring can be with or without recourse, with recourse meaning that if any debts are not collected the factor can seek the funds from the company and the company has to take the hit for the bad debt. With recourse factoring is typically cheaper than without recourse factoring for obvious reasons.
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it would help if you can explain the term in accordance with credit control for a commercial firm, or in terms of relevance with a account department.
Credit - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
A factor is a business that buys accounts recievable at less than face. The factor then deals with collections and bad debts.
Answer 2 :
a factor agreement is like a credit agreement whats happens is a company will sell products to a second company. the company buying the goods might want longer than normal crdit terms. so the selling companys goes to a FACTORING HOUSE the will pay the selling company for the goods that the other company has bought minus a commision charge. them the company that bought the goods will pay the FACTORING HOUSE. that way every one is happing A sells to B and C pays A less 10% then B pays C a=seller b=buyer c=factoring house
Answer 3 :
Factoring is simply a tool that a company can use to get in the money for the things it sells straight away. Supposing a company sold goods or services for a hundred pounds. It would then raise an invoice for a hundred pounds. This £100 would then be entered on to the company's Sales Ledger as a sale. Lets suppose though that the Customer took 3 months to pay the bill helping themselves to 90 days free credit as it were. Rather than wait 90 days for its money, the company simply 'sells' it's invoices to a factoring company for typically 90% of their value. In this case £90.00 The factoring company now owns the debt and chases the original customer for the £100 and when it gets it, makes a £10 profit over and above the £90 it paid for the £100 invoice. Where the company got its £90 straight away that improved the cash flow of the company but it effectively traded away 10% of its turnover in exchange for immediate cash flow. A smart company therefore (particularly where multi million pound turnover and high Debt Lag due to lazy payers) will incorporate10% of the overall price of their goods or services to allow for factoring in the first place. However there is a fine line to be drawn here. If it costs less than 10% of its turnover to chase its own debt (with a good credit control department for example) then factoring is not a viable alternative unless you can find one who will purchase your invoices for a percentage of invoice value less than that it would cost you to do it yourself. Hope you found this helpful.
Answer 4 :
"to factor" means to enter into a factoring agreement. Factoring is generally done for cashflow purposes. A company will take it debtors (people who owe them money) and give their names and addresses to a factoring company. The factoring company will then advance them money (normally discounted i.e the factor will only advance 80% of the total debtors) on the strength of the debtor list for a fee (typically 10% of the total amount owed but he customers). This means the factor takes over the credit control function for the company and chases it's debts for it. Factoring can be with or without recourse, with recourse meaning that if any debts are not collected the factor can seek the funds from the company and the company has to take the hit for the bad debt. With recourse factoring is typically cheaper than without recourse factoring for obvious reasons.
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Thursday, August 1, 2013
If i study AAT Level 2 Certificate in Accounting.....?
If i study AAT Level 2 Certificate in Accounting.....?
If i study AAT Level 2 Certificate in Accounting from ICS learning where will this lead my career...??? I can use MAAT after my name but what kind of vacanies can i apply for??? I really hope you can help. Many Thanks
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
AAT level 2 or the foundation stage is the starting point, however before you go with ICS why not consider speaking to your local college. The reason for this is AAT foundation is a level 2 qualification, if you do not have any level 2 quals, you may find that the government will fund the course, most colleges run AAT classes on a part time basis (evening classes) to fit in with students jobs. Once you have achieved the foundation certificate, start looking for work as an accounts assistant/purchase/sales ledger clerk. Hopefully if you secure a position the employer normally funds AAT training. The intermediate level is the equivalent to 2 A levels and the final Technician stage is what you want to be aiming for. The whole 3 levels are achievable in 2 years which is what I did, then you can become a full member of the AAT and are entitled to use the designatory letters MAAT after your name. From here you could go onto further study with CIPFA, CIMA or ACCA, they will all grant you generous exemptions from the first stage and in as little as 2 years further study you could qualify as a chartered/certified accountant. If you decide to stay at AAT qualified level you could still secure a senior accounts position and (depending on where you live) could earn anything between 20-30K per year! Hope that helps and good luck with your studies!
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If i study AAT Level 2 Certificate in Accounting from ICS learning where will this lead my career...??? I can use MAAT after my name but what kind of vacanies can i apply for??? I really hope you can help. Many Thanks
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
AAT level 2 or the foundation stage is the starting point, however before you go with ICS why not consider speaking to your local college. The reason for this is AAT foundation is a level 2 qualification, if you do not have any level 2 quals, you may find that the government will fund the course, most colleges run AAT classes on a part time basis (evening classes) to fit in with students jobs. Once you have achieved the foundation certificate, start looking for work as an accounts assistant/purchase/sales ledger clerk. Hopefully if you secure a position the employer normally funds AAT training. The intermediate level is the equivalent to 2 A levels and the final Technician stage is what you want to be aiming for. The whole 3 levels are achievable in 2 years which is what I did, then you can become a full member of the AAT and are entitled to use the designatory letters MAAT after your name. From here you could go onto further study with CIPFA, CIMA or ACCA, they will all grant you generous exemptions from the first stage and in as little as 2 years further study you could qualify as a chartered/certified accountant. If you decide to stay at AAT qualified level you could still secure a senior accounts position and (depending on where you live) could earn anything between 20-30K per year! Hope that helps and good luck with your studies!
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Sunday, July 28, 2013
Accounting question pls help?
Accounting question pls help?
Hi Im doing a spreadsheet project for college and Im a bit confused as to what goes where regarding Net, Total etc. My spreadsheet includes Total, Vat, Total (with Vat), a discount and then a special discount and then finally the Total. Can somebody please give me the correct words to use and in what order??.Many thanks and 10pts!
Homework Help - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I know a friend who is like a complete braniac when it comes to accounting. shame im not her.
Answer 2 :
Okay - in the order they would be listed.... Sub Total Vat (at 15%( Total (Inc Vat) Final Total You don't say what the discounts are for which makes it a bit awkward - but you could put Discount before the Sub Total (but why are you giving the discount) - Special Discount could be for early payment (in which case it would be labelled as such) - and would be stated after the Final Total.
Answer 3 :
Hello Item Net / Discount / VAT / Total You cannot alter the VAT so any discount must come before that. You would Start with Item Description. Column 1 Then Part/ Identification Number. Column 2 Or May be the other way around You must Start with the Item Net Price. Column 3 Then Any Discount Allowed Per Item Column 4 New Item Net Price Column 5 Quantity of Item required Column 6 Total of Discount Allowed ( C4 X C6 ) Column 7 Total Net Price ( C5 X C6 ) Column 8 VAT Rate ( 15% ) Column 9 VAT Charged ( C6 X C9 ) Column 10 Total Price ( C8 + C10 ) Column 11 If you do this properly you will require the totals for Discount Allowed as this must be included in your Figures to account for lower bills. Andy C
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Hi Im doing a spreadsheet project for college and Im a bit confused as to what goes where regarding Net, Total etc. My spreadsheet includes Total, Vat, Total (with Vat), a discount and then a special discount and then finally the Total. Can somebody please give me the correct words to use and in what order??.Many thanks and 10pts!
Homework Help - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I know a friend who is like a complete braniac when it comes to accounting. shame im not her.
Answer 2 :
Okay - in the order they would be listed.... Sub Total Vat (at 15%( Total (Inc Vat) Final Total You don't say what the discounts are for which makes it a bit awkward - but you could put Discount before the Sub Total (but why are you giving the discount) - Special Discount could be for early payment (in which case it would be labelled as such) - and would be stated after the Final Total.
Answer 3 :
Hello Item Net / Discount / VAT / Total You cannot alter the VAT so any discount must come before that. You would Start with Item Description. Column 1 Then Part/ Identification Number. Column 2 Or May be the other way around You must Start with the Item Net Price. Column 3 Then Any Discount Allowed Per Item Column 4 New Item Net Price Column 5 Quantity of Item required Column 6 Total of Discount Allowed ( C4 X C6 ) Column 7 Total Net Price ( C5 X C6 ) Column 8 VAT Rate ( 15% ) Column 9 VAT Charged ( C6 X C9 ) Column 10 Total Price ( C8 + C10 ) Column 11 If you do this properly you will require the totals for Discount Allowed as this must be included in your Figures to account for lower bills. Andy C
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Sunday, July 14, 2013
Is it easy getting an accounting job in UK?
Is it easy getting an accounting job in UK?
What are some good career websites I should check out?
Other - Careers & Employment - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
alls I know is it is not easy to get one here in the US
Answer 2 :
its easy! try reed.com or hays
Answer 3 :
Its easy to get a low paying job if you go through an agency, but this will be a foot in the door as you work your way through different positions within the organisation. If you become a victim to politics, move on to another company.
Answer 4 :
There are numerous agencies that can help with temporary or permanent jobs. That's how I got my job in accounts. It was easy cos they do all the work for you!
Answer 5 :
It depends! I work as a consultant for a major recruitment company which specialises in Accountancy & finance.. If you have some experience that is relevant to the UK and you are familiar with UK accounting practices then its easier otherwise you are faced with coming to the UK, gaining some UK experience within any organisation and then using that to get a foothold in a finance position and building from there. If you hold a internationally recognised accounting qualification (AAT, ACCA, ACA, CIMA, or if you are part way along such a qualification) then this can aid your cause. Unless you have some skills/experience/qualifications or combination which are considered extremely desirable (example: ACCA qualified, 5 years experience in the US with a international organisation) them you will need to reside in the UK prior to applying for roles (No firm I know of including the company I work for will seriously consider applications from abroad).
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What are some good career websites I should check out?
Other - Careers & Employment - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
alls I know is it is not easy to get one here in the US
Answer 2 :
its easy! try reed.com or hays
Answer 3 :
Its easy to get a low paying job if you go through an agency, but this will be a foot in the door as you work your way through different positions within the organisation. If you become a victim to politics, move on to another company.
Answer 4 :
There are numerous agencies that can help with temporary or permanent jobs. That's how I got my job in accounts. It was easy cos they do all the work for you!
Answer 5 :
It depends! I work as a consultant for a major recruitment company which specialises in Accountancy & finance.. If you have some experience that is relevant to the UK and you are familiar with UK accounting practices then its easier otherwise you are faced with coming to the UK, gaining some UK experience within any organisation and then using that to get a foothold in a finance position and building from there. If you hold a internationally recognised accounting qualification (AAT, ACCA, ACA, CIMA, or if you are part way along such a qualification) then this can aid your cause. Unless you have some skills/experience/qualifications or combination which are considered extremely desirable (example: ACCA qualified, 5 years experience in the US with a international organisation) them you will need to reside in the UK prior to applying for roles (No firm I know of including the company I work for will seriously consider applications from abroad).
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Sunday, July 7, 2013
how do I get a topup university in london which offer accounting courses,because I am HNDdegree holder from a?
how do I get a topup university in london which offer accounting courses,because I am HNDdegree holder from a?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
no idea, if you want to do accountancy get a job it's much better then doing anything at university
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Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
no idea, if you want to do accountancy get a job it's much better then doing anything at university
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Monday, July 1, 2013
hi this is nagesh ,accounting or capital market job which is the best?
hi this is nagesh ,accounting or capital market job which is the best?
plz clarify as soo as possible
London - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Stupid person will ask a stupid question Its your life so decide by your self
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plz clarify as soo as possible
London - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Stupid person will ask a stupid question Its your life so decide by your self
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Friday, June 28, 2013
What do Accountants need from Book-keepers for completing year end accounts and tax returns?
What do Accountants need from Book-keepers for completing year end accounts and tax returns?
I'm starting working as a Book-keeper. If I work upto Trial Balance what would information would an Accountant expect from me in addition to the Trial Balance? eg notes on accounts, accounting policies being used, dates for prepayments, end of period stock figures, depreciation info, other adjustments?. Ayy help is much appreciated, thanks.
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
why you doing the job if you don't already know that? Ask the accountant what he needs from you!
Answer 2 :
On it sites are good top links for decisions of your problem http://finin.100webspace.net/r.php?qid=6AAy7Y3
Answer 3 :
Firstly, there are not enough good bookkeepers in the world, good on you :-). If you plan to work to trial balance stage, as an accountant I would expect the following very helpful but simple things:- * Copies of Fixed Asset addition invoices (high value amount of equipment etc) * A breakdown of any prepayments and accruals together with a note of the calculation used (a copy invoice is also handy here) * A bank reconciliation together with all bank statements for the year - This is the single most important thing, if you do only one thing on the list, make it this ok. * Copies of any invoices which are dated during the year or period in question but were paid after the year end (to bring in as trade creditors) * Copies of any new finance agreements or loan agreements * A breakdown of the capital account or drawings figure * A breakdown of some of the expenses such as Legal Fees, Rent and Rates, Accountancy and Insurances. If a particular expense has increased/decreased considerably over a two year period, include reasons why. If you make a good job of the book-keeping, and you complete the above list prior to passing to an accountant, you will save your client £100's. A well constructed trial balance and the above list is a dream come true. It remains to be seen however if the accountants pass on the benefits of your hard work to your client. Dont be scared to confront them based on the amount and quality of work you have done. Good luck Craig
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I'm starting working as a Book-keeper. If I work upto Trial Balance what would information would an Accountant expect from me in addition to the Trial Balance? eg notes on accounts, accounting policies being used, dates for prepayments, end of period stock figures, depreciation info, other adjustments?. Ayy help is much appreciated, thanks.
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
why you doing the job if you don't already know that? Ask the accountant what he needs from you!
Answer 2 :
On it sites are good top links for decisions of your problem http://finin.100webspace.net/r.php?qid=6AAy7Y3
Answer 3 :
Firstly, there are not enough good bookkeepers in the world, good on you :-). If you plan to work to trial balance stage, as an accountant I would expect the following very helpful but simple things:- * Copies of Fixed Asset addition invoices (high value amount of equipment etc) * A breakdown of any prepayments and accruals together with a note of the calculation used (a copy invoice is also handy here) * A bank reconciliation together with all bank statements for the year - This is the single most important thing, if you do only one thing on the list, make it this ok. * Copies of any invoices which are dated during the year or period in question but were paid after the year end (to bring in as trade creditors) * Copies of any new finance agreements or loan agreements * A breakdown of the capital account or drawings figure * A breakdown of some of the expenses such as Legal Fees, Rent and Rates, Accountancy and Insurances. If a particular expense has increased/decreased considerably over a two year period, include reasons why. If you make a good job of the book-keeping, and you complete the above list prior to passing to an accountant, you will save your client £100's. A well constructed trial balance and the above list is a dream come true. It remains to be seen however if the accountants pass on the benefits of your hard work to your client. Dont be scared to confront them based on the amount and quality of work you have done. Good luck Craig
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Friday, June 14, 2013
Which accounting software is compatible with indian accounting system ?
Which accounting software is compatible with indian accounting system ?
1. Can we use Quikbooks, Peachtree or sage line 50 in india?, 2. vender available in india for these softwares?
Software - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Better option would be to use something which is already customized for India. Examples are:- 1) Tally 2) EX
Answer 2 :
Its tally .....
Answer 3 :
You can use Exactlly Gold Accounting package. It is made by La Exactlly Software. It is a very well designed, user friendly, lots of diversity. And u can even get a AMC throughout the year. It is increasing its sale in a high rate.
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1. Can we use Quikbooks, Peachtree or sage line 50 in india?, 2. vender available in india for these softwares?
Software - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Better option would be to use something which is already customized for India. Examples are:- 1) Tally 2) EX
Answer 2 :
Its tally .....
Answer 3 :
You can use Exactlly Gold Accounting package. It is made by La Exactlly Software. It is a very well designed, user friendly, lots of diversity. And u can even get a AMC throughout the year. It is increasing its sale in a high rate.
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Friday, June 7, 2013
management and cost accounting?
management and cost accounting?
i have an exam on tuesday with mangement and cost accounting. does anyone know of any sites which could help with things like 1)activity based costing 2)process costing 3)traditional costing etc any help would be very much appreciated.
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
http://www.finance-glossary.com/terms/current-cost-accounting.htm?ginPtrCode=00000&id=1692&PopupMode=false
Answer 2 :
Frankly frankie, text books are a lot better. Dash off to the library this minute. Goodluck.
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i have an exam on tuesday with mangement and cost accounting. does anyone know of any sites which could help with things like 1)activity based costing 2)process costing 3)traditional costing etc any help would be very much appreciated.
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
http://www.finance-glossary.com/terms/current-cost-accounting.htm?ginPtrCode=00000&id=1692&PopupMode=false
Answer 2 :
Frankly frankie, text books are a lot better. Dash off to the library this minute. Goodluck.
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Saturday, June 1, 2013
does management accounting is very important in an organization?why?
does management accounting is very important in an organization?why?
Corporations - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Management accounting analyses the financial results of an organisation so the management can understand how the organisation has been operating. Sales revenue is broken down by product and by geographical area. Operating costs are broken down into the main different elements. Overheads are broken down into the main components. These results are compared to previous periods and the budget. Management accounting is the main way the management of a company can understand what has been happening to the company for past periods. Usually an updated forecast for the next few months and/or for the full year will also be produced. By understanding what has happened in an organisation management can take action to correct problem trends which is why management accounting is so important to an organisation.
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Corporations - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Management accounting analyses the financial results of an organisation so the management can understand how the organisation has been operating. Sales revenue is broken down by product and by geographical area. Operating costs are broken down into the main different elements. Overheads are broken down into the main components. These results are compared to previous periods and the budget. Management accounting is the main way the management of a company can understand what has been happening to the company for past periods. Usually an updated forecast for the next few months and/or for the full year will also be produced. By understanding what has happened in an organisation management can take action to correct problem trends which is why management accounting is so important to an organisation.
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Tuesday, May 28, 2013
Apreticeship in accounting or any clerical job!?
Apreticeship in accounting or any clerical job!?
I'm brazilian, 29 year-old, married and I'd like to restart my career in London. I'm studying English and I've just finished my bookkeeping course (Level 1). I've got 5 years experience in finance and accounting in Brazil. I'm looking for opportunities that I can improve my english and get more skills. Does someone can give me some advice!?
Food Service - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Well, I might suggest starting off in the Hotel industry. There is always a need for clerks, and the night shift clerk usually does the days tally. Plus, a clean enviroment. good luck
Answer 2 :
You should find it very easy to get temporary work in accounts whilst you get yourself sorted with a permanent role. You should have enough experience and transferable skills even from working in another country. I have heard that it is difficult to get any decent job in London without a degree. I do not know how true that is as i don't live there, but a work colleague did do for a number of years.
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I'm brazilian, 29 year-old, married and I'd like to restart my career in London. I'm studying English and I've just finished my bookkeeping course (Level 1). I've got 5 years experience in finance and accounting in Brazil. I'm looking for opportunities that I can improve my english and get more skills. Does someone can give me some advice!?
Food Service - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Well, I might suggest starting off in the Hotel industry. There is always a need for clerks, and the night shift clerk usually does the days tally. Plus, a clean enviroment. good luck
Answer 2 :
You should find it very easy to get temporary work in accounts whilst you get yourself sorted with a permanent role. You should have enough experience and transferable skills even from working in another country. I have heard that it is difficult to get any decent job in London without a degree. I do not know how true that is as i don't live there, but a work colleague did do for a number of years.
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Tuesday, May 14, 2013
why accounting entity concept so important?can u give some example for me?
why accounting entity concept so important?can u give some example for me?
Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
not sure itmust be related to some princip0le or another
Answer 2 :
The idea here is that the financial transactions of one individual or a group of individuals must be kept separate from any unrelated financial transactions of those same individuals or group. The best example here concerns that of the sole trader or one man business: in this situation you may have the sole trader taking money by way of 'drawings': money for his own personal use. Despite it being his business and apparently his money, there are still two aspects to the transaction: the business is 'giving' money and the individual is 'receiving' money. So, the affairs of the individuals behind a business must be kept separate from the affairs of the business itself.
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Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
not sure itmust be related to some princip0le or another
Answer 2 :
The idea here is that the financial transactions of one individual or a group of individuals must be kept separate from any unrelated financial transactions of those same individuals or group. The best example here concerns that of the sole trader or one man business: in this situation you may have the sole trader taking money by way of 'drawings': money for his own personal use. Despite it being his business and apparently his money, there are still two aspects to the transaction: the business is 'giving' money and the individual is 'receiving' money. So, the affairs of the individuals behind a business must be kept separate from the affairs of the business itself.
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Tuesday, May 7, 2013
what is the defrent bettwen finance and accounting?
what is the defrent bettwen finance and accounting?
Other - Business & Finance - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
you plan to finance accounting you count it
Answer 2 :
Finance involves share trading, foreign exchange, puts & calls basically the finance markets Accounting involves organise and accounting for your finances. Accounting for business involves recording and accounting for income & expenses
Answer 3 :
ever heard of spell check?
Answer 4 :
You mean the difference between finance and accounting? The difference is in their meaning: while finance is concerned with the sourcing and use of money and anything that has to do with forecasting, budgeting and analysis of future business activities, accounting, on the other hand is concerned, solely with the recording, classifying and analysis of the documents resulting from business transactions like sales and expenditures of a business enterprise
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Other - Business & Finance - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
you plan to finance accounting you count it
Answer 2 :
Finance involves share trading, foreign exchange, puts & calls basically the finance markets Accounting involves organise and accounting for your finances. Accounting for business involves recording and accounting for income & expenses
Answer 3 :
ever heard of spell check?
Answer 4 :
You mean the difference between finance and accounting? The difference is in their meaning: while finance is concerned with the sourcing and use of money and anything that has to do with forecasting, budgeting and analysis of future business activities, accounting, on the other hand is concerned, solely with the recording, classifying and analysis of the documents resulting from business transactions like sales and expenditures of a business enterprise
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Wednesday, May 1, 2013
i will like to know all about accounting?
i will like to know all about accounting?
how would i go on with accounting , because i want to be aproffessional accountant
Other - Careers & Employment - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
school
Answer 2 :
School, college, possibly university and then an accountancy company. Study accounting and Business studies, and maths wouldn't hurt either.
Answer 3 :
work experience when you can
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how would i go on with accounting , because i want to be aproffessional accountant
Other - Careers & Employment - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
school
Answer 2 :
School, college, possibly university and then an accountancy company. Study accounting and Business studies, and maths wouldn't hurt either.
Answer 3 :
work experience when you can
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Sunday, April 28, 2013
in the UK whats the average salary ofa salaried Doctor in business accounting and economics in a university?
in the UK whats the average salary ofa salaried Doctor in business accounting and economics in a university?
the average monthly salary of a salaried Doctor in accounting business and economics in a university in the United Kingdom
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I would guess at around £30,000 pa to £40,000 pa based on my experience as a UK resident.
Answer 2 :
It would depend upon their role within the university. Some would get a lot less than £40,000. Some would get a lot more. Maybe £40,000 is a good average. It depends why you ask the question, how you hope to use the information.
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the average monthly salary of a salaried Doctor in accounting business and economics in a university in the United Kingdom
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I would guess at around £30,000 pa to £40,000 pa based on my experience as a UK resident.
Answer 2 :
It would depend upon their role within the university. Some would get a lot less than £40,000. Some would get a lot more. Maybe £40,000 is a good average. It depends why you ask the question, how you hope to use the information.
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Sunday, April 14, 2013
departments of an Organization—marketing, accounting &finance, production &manufacturing think of consumer?
departments of an Organization—marketing, accounting &finance, production &manufacturing think of consumer?
why it is important for all departments of an organization—marketing, accounting & finance, production & manufacturing and human resources to “think consumer.†Provide examples please send answer to my email id empireror@yahoo.com
Other - Advertising & Marketing - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It's quite simple, really. Because their common aim is to please the consumer they're serving. All the departments have to be geared with the customer in mind because all of them affect the final product. For example, if the customer base you're aiming for wants quick delivery times, don't build a production department that is slow to respond to orders even if by doing so you would save money, because if the product doesn't match the need of the customer he won't buy it even if it's cheap.
Answer 2 :
when I first learnt about commerce, about 60 years ago, it was believed that "the consumer is king". However, I don't believe that is the case any more, it seems to me that big business rules in today's world. Individual departments are expected to go all out to keep consumers happy because their livelihood depends on regularly meeting sales targets. My example of failure to think of the consumer is that I recently took a test drive in a Mitsubishi Proton car, SAVVY city car, being smaller than my trusty 18year old model I expected to find it to my liking. However, because I am only 5ft tall I found the controls difficult, bite too high and handbrake at my elbow, clearly car designers consider their consumers to be all tall men! Good luck. God bless. Gladgran.
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why it is important for all departments of an organization—marketing, accounting & finance, production & manufacturing and human resources to “think consumer.†Provide examples please send answer to my email id empireror@yahoo.com
Other - Advertising & Marketing - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It's quite simple, really. Because their common aim is to please the consumer they're serving. All the departments have to be geared with the customer in mind because all of them affect the final product. For example, if the customer base you're aiming for wants quick delivery times, don't build a production department that is slow to respond to orders even if by doing so you would save money, because if the product doesn't match the need of the customer he won't buy it even if it's cheap.
Answer 2 :
when I first learnt about commerce, about 60 years ago, it was believed that "the consumer is king". However, I don't believe that is the case any more, it seems to me that big business rules in today's world. Individual departments are expected to go all out to keep consumers happy because their livelihood depends on regularly meeting sales targets. My example of failure to think of the consumer is that I recently took a test drive in a Mitsubishi Proton car, SAVVY city car, being smaller than my trusty 18year old model I expected to find it to my liking. However, because I am only 5ft tall I found the controls difficult, bite too high and handbrake at my elbow, clearly car designers consider their consumers to be all tall men! Good luck. God bless. Gladgran.
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Sunday, April 7, 2013
what pays more studying accounting or management science.?
what pays more studying accounting or management science.?
Higher Education (University +) - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accounting easily pays more than any management.
Answer 2 :
it depends on what you mean by accounting; chartered accountants DEFINITELY make a huge deal more, but just some random accountant working for some small company or in a factory or something is worse off.
Answer 3 :
Accounting pays more as a career than the latter anyday any time.
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Higher Education (University +) - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accounting easily pays more than any management.
Answer 2 :
it depends on what you mean by accounting; chartered accountants DEFINITELY make a huge deal more, but just some random accountant working for some small company or in a factory or something is worse off.
Answer 3 :
Accounting pays more as a career than the latter anyday any time.
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Monday, April 1, 2013
accounting and finance at uni?
accounting and finance at uni?
Hello im going to do accounting and finance at uni and after do a carer in it.How would i get started on a job in accounting and finance?
Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Obviously it would be up to you if you go to university. Have you considered trying to get a job in an accountancy practice and sitting the exams while you work? Even after you have finished a degree in accountancy, assuming you would follow the path of ACCA, you will only receive so many exemptions from the exams, and you still have to get three years relevant work under your belt before you are accepted into the ACCA. If you work and take your exams, there are numerous benefits - work places tend to pay for your exams and give you time off to study, you are earning money rather than spending a fortune on tuition fees, you will be putting into practice everything you study, and you wil be gaining the three years you need so when you pass the finals you will accepted straight away. Accountancy firms tend to look for juniors with limited experience as they do not have to pay a massive wage whilst they are taking their exams, as they are spending roughly around three grand a year for your exams. I went to university, I didn't study accountancy so didn't get any exemptions, however within one and half years I was at the same level as someone who had spent three years at university, plus I had my experience of working. However I wold not have changed a thing in hindsight about going to university, I loved it. Whichever you choose, I'm sure you won't regret it! Good Luck!
Answer 2 :
You ideally want to have at least 300 UCAS points (something like 3 Bs at A Level) to get a descent position in an accounting firm (probably one of the big 4: Ernst and Young, Deliotte, Pricewaterhousecooper and KPMG). You want to aim to get at least a 2:1 degree (preferably 1st class) For something like consulting or auditing, you are looking at 320 or 340 UCAS points (ABB or AAB) You may get away with 280 UCAS points for tax positions in other accounting firms (BBC), but they are not as popular if you are unlikely enough to get a 2:2, your best option is to apply for small accounting firms. During your university experience, apply for insight courses at one of the big 4 firms to get yourself acquainted with one of the companies (it's best if you apply before you go to uni). Then apply for a summer internship with them immediately after your first year (or immediately after your exams). The internship will be crucial if you want to secure your place with any one of the big firms as competition is ridiculously fierce. Attend all their careers presentations and take down names of the people you have talked to as well as what sort of application/CV they are looking for (they will be holding these workshops all the time). if you can't get into one of the insight days, try to speculatively apply for a voluntary summer job at a local small accounting firm to get some experience (may it be a couple of weeks or a month, etc.), but try to apply 2 months before you go. You then need to occassionally read up on current affairs (e.g. financial times) and you need to attend some sort of club or do some volunteering to show you are a team player (involved in something that uses teamwork). Then focus on your studies, getting the grades you need Accounting and finance is not going to be easy, so be prepared for lots of hard work tbh, accounting firms do not really care what degree you did at university, so long it's a good degree on the other hand, PwC and Enrst & Young both do hold their own PwC's degree: http://www.ncl.ac.uk/nubs/undergrad/flyingstart// info page: http://www.pwc.com/uk/en/careers/student/flying-start-program.jhtml Ernst & Young's degree: http://www.ey.com/UK/en/Careers/Students/Programs/EY-degree info page: http://www.lums.lancs.ac.uk/departments/Accounting/undergraduate/eydegree/ Like I'vse said, these programmes are fiercely competitive so you will have to work hard to get a place, let alone through the application process Hope this helps
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Hello im going to do accounting and finance at uni and after do a carer in it.How would i get started on a job in accounting and finance?
Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Obviously it would be up to you if you go to university. Have you considered trying to get a job in an accountancy practice and sitting the exams while you work? Even after you have finished a degree in accountancy, assuming you would follow the path of ACCA, you will only receive so many exemptions from the exams, and you still have to get three years relevant work under your belt before you are accepted into the ACCA. If you work and take your exams, there are numerous benefits - work places tend to pay for your exams and give you time off to study, you are earning money rather than spending a fortune on tuition fees, you will be putting into practice everything you study, and you wil be gaining the three years you need so when you pass the finals you will accepted straight away. Accountancy firms tend to look for juniors with limited experience as they do not have to pay a massive wage whilst they are taking their exams, as they are spending roughly around three grand a year for your exams. I went to university, I didn't study accountancy so didn't get any exemptions, however within one and half years I was at the same level as someone who had spent three years at university, plus I had my experience of working. However I wold not have changed a thing in hindsight about going to university, I loved it. Whichever you choose, I'm sure you won't regret it! Good Luck!
Answer 2 :
You ideally want to have at least 300 UCAS points (something like 3 Bs at A Level) to get a descent position in an accounting firm (probably one of the big 4: Ernst and Young, Deliotte, Pricewaterhousecooper and KPMG). You want to aim to get at least a 2:1 degree (preferably 1st class) For something like consulting or auditing, you are looking at 320 or 340 UCAS points (ABB or AAB) You may get away with 280 UCAS points for tax positions in other accounting firms (BBC), but they are not as popular if you are unlikely enough to get a 2:2, your best option is to apply for small accounting firms. During your university experience, apply for insight courses at one of the big 4 firms to get yourself acquainted with one of the companies (it's best if you apply before you go to uni). Then apply for a summer internship with them immediately after your first year (or immediately after your exams). The internship will be crucial if you want to secure your place with any one of the big firms as competition is ridiculously fierce. Attend all their careers presentations and take down names of the people you have talked to as well as what sort of application/CV they are looking for (they will be holding these workshops all the time). if you can't get into one of the insight days, try to speculatively apply for a voluntary summer job at a local small accounting firm to get some experience (may it be a couple of weeks or a month, etc.), but try to apply 2 months before you go. You then need to occassionally read up on current affairs (e.g. financial times) and you need to attend some sort of club or do some volunteering to show you are a team player (involved in something that uses teamwork). Then focus on your studies, getting the grades you need Accounting and finance is not going to be easy, so be prepared for lots of hard work tbh, accounting firms do not really care what degree you did at university, so long it's a good degree on the other hand, PwC and Enrst & Young both do hold their own PwC's degree: http://www.ncl.ac.uk/nubs/undergrad/flyingstart// info page: http://www.pwc.com/uk/en/careers/student/flying-start-program.jhtml Ernst & Young's degree: http://www.ey.com/UK/en/Careers/Students/Programs/EY-degree info page: http://www.lums.lancs.ac.uk/departments/Accounting/undergraduate/eydegree/ Like I'vse said, these programmes are fiercely competitive so you will have to work hard to get a place, let alone through the application process Hope this helps
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Thursday, March 28, 2013
Thesis in Audit and Accounting - subject ideas needed?
Thesis in Audit and Accounting - subject ideas needed?
Anyone got any good ideas on a subject for a Thesis for a Masters Degree in Audit and Accounting?
Other - Business & Finance - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
How much of a charity's income REALLY goes straight to the beneficiaries? The difficulties, for charities, of finding ethical suppliers of services - say, accountants for example!
Answer 2 :
What went wrong in audit objective and procedures at Enron? What has been done to try to prevent a reoccurence in future situations like Enron's? Are the measures adopted likely to achieve their purpose? What else should be done?
Answer 3 :
The aftermath of Enron - changes in audit practise with specific reference to the excessive controls now required by Auditors as they attempt to shift their liability to the Directors. A sub section on the additional costs of a non US company trading in America. PS I would appreciate a copy if possible.
Answer 4 :
'How can auditors who are being paid by the companies they audit remain objective?'
Answer 5 :
sorry but as a masters student shouldn't you have some sort of interest in your chosen subject to be able to generate your own ideas? The Enron examples are quite well covered already and have resulted in many changes in legislation, corporate governance and financial reporting. There's probably also alot of material that you can copy if you want to. You can take a look in Accountancy magazine to see what are the current issues.
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Anyone got any good ideas on a subject for a Thesis for a Masters Degree in Audit and Accounting?
Other - Business & Finance - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
How much of a charity's income REALLY goes straight to the beneficiaries? The difficulties, for charities, of finding ethical suppliers of services - say, accountants for example!
Answer 2 :
What went wrong in audit objective and procedures at Enron? What has been done to try to prevent a reoccurence in future situations like Enron's? Are the measures adopted likely to achieve their purpose? What else should be done?
Answer 3 :
The aftermath of Enron - changes in audit practise with specific reference to the excessive controls now required by Auditors as they attempt to shift their liability to the Directors. A sub section on the additional costs of a non US company trading in America. PS I would appreciate a copy if possible.
Answer 4 :
'How can auditors who are being paid by the companies they audit remain objective?'
Answer 5 :
sorry but as a masters student shouldn't you have some sort of interest in your chosen subject to be able to generate your own ideas? The Enron examples are quite well covered already and have resulted in many changes in legislation, corporate governance and financial reporting. There's probably also alot of material that you can copy if you want to. You can take a look in Accountancy magazine to see what are the current issues.
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Thursday, March 14, 2013
Which A Levels for Accounting?
Which A Levels for Accounting?
I want to choose Maths, Further Maths, Economics and Physics for A levels in Sixth form, I chose Economics, Physics and Maths over Accounting because Uni's encourage people with these subjects, altough thats what i have heard?Is it true?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
don't do accounting at A-level.... it'll put u at a disadvantage when applying for uni. for example, LSE discourages Accounting and Business A-levels for students applying for an accounting and finance course... do the further maths :P
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I want to choose Maths, Further Maths, Economics and Physics for A levels in Sixth form, I chose Economics, Physics and Maths over Accounting because Uni's encourage people with these subjects, altough thats what i have heard?Is it true?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
don't do accounting at A-level.... it'll put u at a disadvantage when applying for uni. for example, LSE discourages Accounting and Business A-levels for students applying for an accounting and finance course... do the further maths :P
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Thursday, March 7, 2013
What does Accounting Harmonisation mean?
What does Accounting Harmonisation mean?
Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
http://www.termpapergenie.com/accounting_harmonization.html
Answer 2 :
The AASB has been directed to harmonise GAAP and GFS reporting into “a single set of government reports which are auditable, comparable between jurisdictions, and in which the outcome statements are directly comparable with the relevant budget statementsâ€. The AASB has interpreted this direction as follows: • Harmonisation is to apply to all public sector entities: o whole-of-government reporting by State, Territory and Commonwealth governments; o reporting by entities within the General Government Sector (GGS), such as Departments; and o local governments. Harmonisation does not mean the replacement of existing GAAP with GFS. Rather, the principle is “convergence to a high quality standard†with consideration being given to definition, recognition, measurement, presentation and/or disclosure requirements. This is a point of contention with some jurisdictions, as some jurisdictions consider that the outcome of this harmonisation project should be financial statements that materially match the financial information, or at least the key financial totals, published by the Australian Bureau of Statistics. This issue has yet to be fully resolved also:- Harmonisation does not require the AASB to develop standards for budgetary reporting.
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Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
http://www.termpapergenie.com/accounting_harmonization.html
Answer 2 :
The AASB has been directed to harmonise GAAP and GFS reporting into “a single set of government reports which are auditable, comparable between jurisdictions, and in which the outcome statements are directly comparable with the relevant budget statementsâ€. The AASB has interpreted this direction as follows: • Harmonisation is to apply to all public sector entities: o whole-of-government reporting by State, Territory and Commonwealth governments; o reporting by entities within the General Government Sector (GGS), such as Departments; and o local governments. Harmonisation does not mean the replacement of existing GAAP with GFS. Rather, the principle is “convergence to a high quality standard†with consideration being given to definition, recognition, measurement, presentation and/or disclosure requirements. This is a point of contention with some jurisdictions, as some jurisdictions consider that the outcome of this harmonisation project should be financial statements that materially match the financial information, or at least the key financial totals, published by the Australian Bureau of Statistics. This issue has yet to be fully resolved also:- Harmonisation does not require the AASB to develop standards for budgetary reporting.
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Friday, March 1, 2013
why is accounting referred to as a social science?
why is accounting referred to as a social science?
Economics - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
This is a great question. Economics is a social science; accounting is a profession. Both seem to me to be about mathematics. I guess that economics is mathematics complicated by people and their social habits which is not predictable enough to experiment with in the scientific way.
Answer 2 :
I think that you are probably confusing 'Accountancy' with 'Economics'. The former is not a social science, whereas the latter, is. Economics, involves human behaviour and the choices they make. I was an Accountant, but, thank goodness, not an Economist, although Economics was included within our syllabus.
Answer 3 :
Because it is not an exact science (like physics or zoology). Many of the figures in a company's annual report are adjustable depending on the outcome the Chairman wants to present.
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Economics - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
This is a great question. Economics is a social science; accounting is a profession. Both seem to me to be about mathematics. I guess that economics is mathematics complicated by people and their social habits which is not predictable enough to experiment with in the scientific way.
Answer 2 :
I think that you are probably confusing 'Accountancy' with 'Economics'. The former is not a social science, whereas the latter, is. Economics, involves human behaviour and the choices they make. I was an Accountant, but, thank goodness, not an Economist, although Economics was included within our syllabus.
Answer 3 :
Because it is not an exact science (like physics or zoology). Many of the figures in a company's annual report are adjustable depending on the outcome the Chairman wants to present.
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Thursday, February 28, 2013
I have working experience of accounts and have been working with computerized accounting, if some one need me?
I have working experience of accounts and have been working with computerized accounting, if some one need me?
Careers & Employment - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
looking in the anchorage news paper..
Answer 2 :
Sounds like this guy needs you: http://answers.yahoo.com/question/index;_ylt=AlmK_vBpIEEX59kjzz5X_Krzy6IX?qid=1006032200337
Answer 3 :
Hi Asif, Contact me .. I am looking for some good expertise to help file my taxes this year.
Answer 4 :
i am selling my farm property and i would like to know if i have to pay capital gains tax in the state of michigan? it is 56 acres and i have to pay the ex wife 50,000 dollars for divorce settlement, any info would be appreciated,, thank you
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Careers & Employment - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
looking in the anchorage news paper..
Answer 2 :
Sounds like this guy needs you: http://answers.yahoo.com/question/index;_ylt=AlmK_vBpIEEX59kjzz5X_Krzy6IX?qid=1006032200337
Answer 3 :
Hi Asif, Contact me .. I am looking for some good expertise to help file my taxes this year.
Answer 4 :
i am selling my farm property and i would like to know if i have to pay capital gains tax in the state of michigan? it is 56 acres and i have to pay the ex wife 50,000 dollars for divorce settlement, any info would be appreciated,, thank you
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Thursday, February 14, 2013
Help needed in accounting Asap please ?
Help needed in accounting Asap please ?
Jim Yule runs a retail outlet and usually prepares the annual accounts himself on 31 July each year. He’s discovered you are studying accounting and has the following questions for you I’ve read that I should depreciate all my fixed assets: including the business premises. Why should I do this when they are going up in value?†Answer Jim’s questions, explaining in each case the entries required to the profit and loss account and the balance sheet, justifying the treatment in accordance with accounting principles
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
All assets depreciate as they get older. Even if they are going up in value, it is illegal to raise their value in the books. If you happen to sell your asset for more than the value you have it for on the books, you can mark the difference as profit. I'm a bit rusty. I don't remember everything from my accounting classes. Sorry. I know that the account for assets should stay at whatever you paid. Then a new account should be added for depreciation. then if you sell the asset, any profit or loss is marked in another account.
Answer 2 :
You have to depreciate assets, the depreciation is an expense in th P&L and then in the Bal Sheet you have to put in Fixed Assets as a title, underneath you need to state cost, the depreciation and then the NPV, you should consider mentioning SSAP 12 & FRS 15 which deals with the treatment of tangible fixed assets and depreciation of them. Also this is a great website to use http://www.accountingcoach.com/
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Jim Yule runs a retail outlet and usually prepares the annual accounts himself on 31 July each year. He’s discovered you are studying accounting and has the following questions for you I’ve read that I should depreciate all my fixed assets: including the business premises. Why should I do this when they are going up in value?†Answer Jim’s questions, explaining in each case the entries required to the profit and loss account and the balance sheet, justifying the treatment in accordance with accounting principles
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
All assets depreciate as they get older. Even if they are going up in value, it is illegal to raise their value in the books. If you happen to sell your asset for more than the value you have it for on the books, you can mark the difference as profit. I'm a bit rusty. I don't remember everything from my accounting classes. Sorry. I know that the account for assets should stay at whatever you paid. Then a new account should be added for depreciation. then if you sell the asset, any profit or loss is marked in another account.
Answer 2 :
You have to depreciate assets, the depreciation is an expense in th P&L and then in the Bal Sheet you have to put in Fixed Assets as a title, underneath you need to state cost, the depreciation and then the NPV, you should consider mentioning SSAP 12 & FRS 15 which deals with the treatment of tangible fixed assets and depreciation of them. Also this is a great website to use http://www.accountingcoach.com/
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Thursday, February 7, 2013
Are there any universities in the uk where i can study joint actuary and accounting?
Are there any universities in the uk where i can study joint actuary and accounting?
except swansea
Studying Abroad - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No, there are none other than Swansea. If you type accounting into the UCAS course search, none of them list actuarial studies and accounting, or a variant of this except for Swansea. I've done this for you: http://search.ucas.com/cgi-bin/hsrun/search/search/StateId/D7JZJ3_WVy-AD9xdbH5keu4YCk64o-Vo5B/HAHTpage/search.HsSearch.submitForm?txtSubject=accounting&cmbQual=&cmbAttend=&cmbInst=&button1.x=24&button1.y=11 See, only Swansea has it: http://search.ucas.com/cgi-bin/hsrun/search/search/StateId/D7JZJ3_WVy-AD9xdbH5keu4YCk64o-Vo5B/HAHTpage/search.HsSearch.submitForm?txtSubject=acturial+studies+and+accounting&cmbQual=&cmbAttend=&cmbInst= Since Swansea is not a prestigious university, I think it'd be better if you study just "Accounting" at a top school. League table is here: http://extras.timesonline.co.uk/tol_gug/gooduniversityguide.php?AC_sub=Accounting+and+Finance&sub=0&x=31&y=9 Don't always rely on league tables, but you can get the general idea from this. Employers hire you based on where you've graduated, not how specific your degree is, in this case.
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except swansea
Studying Abroad - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No, there are none other than Swansea. If you type accounting into the UCAS course search, none of them list actuarial studies and accounting, or a variant of this except for Swansea. I've done this for you: http://search.ucas.com/cgi-bin/hsrun/search/search/StateId/D7JZJ3_WVy-AD9xdbH5keu4YCk64o-Vo5B/HAHTpage/search.HsSearch.submitForm?txtSubject=accounting&cmbQual=&cmbAttend=&cmbInst=&button1.x=24&button1.y=11 See, only Swansea has it: http://search.ucas.com/cgi-bin/hsrun/search/search/StateId/D7JZJ3_WVy-AD9xdbH5keu4YCk64o-Vo5B/HAHTpage/search.HsSearch.submitForm?txtSubject=acturial+studies+and+accounting&cmbQual=&cmbAttend=&cmbInst= Since Swansea is not a prestigious university, I think it'd be better if you study just "Accounting" at a top school. League table is here: http://extras.timesonline.co.uk/tol_gug/gooduniversityguide.php?AC_sub=Accounting+and+Finance&sub=0&x=31&y=9 Don't always rely on league tables, but you can get the general idea from this. Employers hire you based on where you've graduated, not how specific your degree is, in this case.
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