How long does it take studying, to become a chartered accountant?
im 27 and thinking about becoming a chartered accountant and was wondering how long it will take me to reach my goal... i dont have gcse maths or english, so i take it i'll also have to study these subjects aswell
Careers & Employment - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
AAT is 3 years mate. Then you have to do (3 or 4?) more years after that. I did AAT and that was enough for me.
Answer 2 :
I'm a chartered accountant and I joined a firm of accountants straight from university and it was a 3 year hard slog with tough exams to get to the qualification. It is possible to do it without a degree by taking a year's foundation course (AAT or something similar) before embraking on the ACA training. In order to become a chartered accountant, you need to obtain audit experience and this will need to be provided by a registered training office (which is normally a professional firm of accountants). Your biggest hurdle will be to get a firm to take you on in the first place with your qualifications. You will definitely need GCSE maths and english. You don't say whether or not you have A levels? If not, then I would probably recommend a nigh school course in introductory bookkeeping to give you a taster. You will need to be proficient in bookkeeping and it will give an indication to any prospective employer that you are serious and also whether accountancy is for you. To be honest, I think you will struggle to get a firm to take you on as an ACA trainee if you do not have an A/B grade in GCSE maths already and you might find it easier to do certified (ACCA) or management accountancy (CIMA) exams as you can do this by getting a job as an accounts assistant in industry (ie in a company's accounts department) and then studying for the exams as you go. It will take longer (probably up to 5 years) but you will still have a recognised qualification and, if you go for the ACCA route, you will still be able to practice as an accountant, you just won't be able to provide an audit service. Good luck in having a challenging goal.
Answer 3 :
Usually you would need to do a 4 year Commerce degree in Accounting, and then do the Professional exams to be certified as a chartered accountant. The professional exams can take from 1 to 5 years. I think a certain number of years experience is also required. Going on what the first poster said - you might need to settle for a 2 year associate degree in acounting and just be a bookkeeper. Or maybe do payroll instead. I hear payroll can be a well paying job.
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Sunday, April 28, 2013
Sunday, April 14, 2013
How much does an accountant charge ?
How much does an accountant charge ?
I have done the books for my husbands small business and sorted out the tax myself but now due to the need for a loan we need to get an accountant. Husband has been self employed for just 13 months so the first tax was easy as it was only 4 months.How much on average do they charge and do the books have to be up to date or can they sift through mountains of receipts?
Small Business - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I use an accountant for my small business which requires a good amount of time for them to do. They charge me $350.
Answer 2 :
They vary .Ring round and get an estimate.---Remember it might not include Vat.Ours charges £500 plus Vat to do a very small amount of work,But we have had no come back from the revenue.
Answer 3 :
I am an accountant and can only tell you my rates. First off which question are yuou asking? Is this for taxes only or ongoing bookeeping/overview work? If it is tax work, I charge by the form whether it is personal or business with a typical individual return costing $100 - $140 and business returns running $125 - $200, when the prework has been done. If I have to do the "Bookeeping" by sorting and posting receipts, I charge $40/hour for that in addition to the per form charge, and i am one of the less expensive accountants/Tax preparers in my area. CPA's will charge from $75/ hour and up some as high as $300/hour. I have an intenet business so E-mail me...
Answer 4 :
the fee will depend on the state of the records as fee depends on time taken so giving a mountain of receipts will take longer. so if u give them upto date records they can check it quickly then enter it onto the accounting package for a lower fee. For a small sole trader probably looking at round £300-500 All goes on the hourly rate , juniors charge at around £25 per hr with more qualified at £60-75 and directors £100+ who need to check the work.
Answer 5 :
I have my own accountancy business based in East Anglia, UK, but with clients in various geographical locations and business sectors and the questions I would need to be answered before I could give a definitive quote would be 1. What type of business is it? 2. How do you receive your income? Cash or bank payment? 3. What records do you keep and how up to date are they? 4. Is the business VAT registered? 5. Is there a PAYE scheme in operation? 6. Are the business transactions just of the standard sale and purchase types or are they more involved? 7. Are you subject to any specific legislation or reporting regulations? 8. What services do you require from your accountant? The answers to the above questions would make a difference to the fees I would charge a client. From your question I would assume that the records for the majority of the 1st year of trading are not particularly up to date, that there are no unusual transactions, VAT or PAYE and that initially you just require a set of accounts to pass onto the loan provider. On the assumption that most of the business transactions passed through a business bank account and that invoices and receipts were available to confirm their purpose my charges would range from somewhere in the region of £350 + VAT upwards. If you are in the UK and would like to discuss your needs in more detail please feel free to e-mail me and I will do my best to give you a better idea of the charges to expect. Regards Jus
Answer 6 :
My judging by the responses so far I'm in the wrong trade!!! Why all the expenses & for a small bussiness..I recently helped do the books 4 a company in hardship if you foned up your local tax office they would help you start & then in your local newspaper look for book keepers they are just as good & half the price...Us small businesses need to stick together & stop lining the pockets of the wealthy..No disrespect meant to accountants
Answer 7 :
Most accountants charge by the hour. More hours equals more money. Work on an average of £500 per day in the UK. A small ltd company with a turnover of (say) £100k or less would be about £750 A sole trader turning over (say) £50k might be £350-£500 These figures assume that all the books, receipts and bank statements are supplied up front and in good order
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I have done the books for my husbands small business and sorted out the tax myself but now due to the need for a loan we need to get an accountant. Husband has been self employed for just 13 months so the first tax was easy as it was only 4 months.How much on average do they charge and do the books have to be up to date or can they sift through mountains of receipts?
Small Business - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I use an accountant for my small business which requires a good amount of time for them to do. They charge me $350.
Answer 2 :
They vary .Ring round and get an estimate.---Remember it might not include Vat.Ours charges £500 plus Vat to do a very small amount of work,But we have had no come back from the revenue.
Answer 3 :
I am an accountant and can only tell you my rates. First off which question are yuou asking? Is this for taxes only or ongoing bookeeping/overview work? If it is tax work, I charge by the form whether it is personal or business with a typical individual return costing $100 - $140 and business returns running $125 - $200, when the prework has been done. If I have to do the "Bookeeping" by sorting and posting receipts, I charge $40/hour for that in addition to the per form charge, and i am one of the less expensive accountants/Tax preparers in my area. CPA's will charge from $75/ hour and up some as high as $300/hour. I have an intenet business so E-mail me...
Answer 4 :
the fee will depend on the state of the records as fee depends on time taken so giving a mountain of receipts will take longer. so if u give them upto date records they can check it quickly then enter it onto the accounting package for a lower fee. For a small sole trader probably looking at round £300-500 All goes on the hourly rate , juniors charge at around £25 per hr with more qualified at £60-75 and directors £100+ who need to check the work.
Answer 5 :
I have my own accountancy business based in East Anglia, UK, but with clients in various geographical locations and business sectors and the questions I would need to be answered before I could give a definitive quote would be 1. What type of business is it? 2. How do you receive your income? Cash or bank payment? 3. What records do you keep and how up to date are they? 4. Is the business VAT registered? 5. Is there a PAYE scheme in operation? 6. Are the business transactions just of the standard sale and purchase types or are they more involved? 7. Are you subject to any specific legislation or reporting regulations? 8. What services do you require from your accountant? The answers to the above questions would make a difference to the fees I would charge a client. From your question I would assume that the records for the majority of the 1st year of trading are not particularly up to date, that there are no unusual transactions, VAT or PAYE and that initially you just require a set of accounts to pass onto the loan provider. On the assumption that most of the business transactions passed through a business bank account and that invoices and receipts were available to confirm their purpose my charges would range from somewhere in the region of £350 + VAT upwards. If you are in the UK and would like to discuss your needs in more detail please feel free to e-mail me and I will do my best to give you a better idea of the charges to expect. Regards Jus
Answer 6 :
My judging by the responses so far I'm in the wrong trade!!! Why all the expenses & for a small bussiness..I recently helped do the books 4 a company in hardship if you foned up your local tax office they would help you start & then in your local newspaper look for book keepers they are just as good & half the price...Us small businesses need to stick together & stop lining the pockets of the wealthy..No disrespect meant to accountants
Answer 7 :
Most accountants charge by the hour. More hours equals more money. Work on an average of £500 per day in the UK. A small ltd company with a turnover of (say) £100k or less would be about £750 A sole trader turning over (say) £50k might be £350-£500 These figures assume that all the books, receipts and bank statements are supplied up front and in good order
Read more other entries :
Sunday, April 7, 2013
How to become a certified chartered accountant?
How to become a certified chartered accountant?
Am 22 yrs old. I have recently been graduated with BSc Computer Science degree and also been offered a place in King's College London, University of London to do my MSc Finance and Accounting. However, i was recently told by someone that i don't need MSc degree in Finance and Accounting to become a chartered accountant, but having MSc degree will help. Also how long does it take and what qualification do i need to become a chartered accountant. Thanks Everyone :)
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The degree would give you exemption from the first three paper of the ACCA exams - there are fourteen papers in total. To be honest, if you haven't already got it, I wouldn't do the degree. It'll take you a lot longer to do that than to do the three paper it would excuse you from. Look at roughly three years to complete the ACCA (although obviously everyone is different). This answer is based on ACCA since you mentioned certified chartered accountant - if you wanted to do ACA you would need to be employed by a firm of accoutants who are recognised by the ICAEW (like PwC) but you have only a certain amount of time to complete and obviously can lose your job if you fail the exams.
Answer 2 :
Correct, you don't need an MSc in Finance and Accounting to become a chartered accountant. In fact you can even train to become a chartered accountant as a school leaver providing your A-level results are good. For more information visit the ICAEW (Institute of Chartered Accountants in England and Wales) website. The URL appears below.
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Am 22 yrs old. I have recently been graduated with BSc Computer Science degree and also been offered a place in King's College London, University of London to do my MSc Finance and Accounting. However, i was recently told by someone that i don't need MSc degree in Finance and Accounting to become a chartered accountant, but having MSc degree will help. Also how long does it take and what qualification do i need to become a chartered accountant. Thanks Everyone :)
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The degree would give you exemption from the first three paper of the ACCA exams - there are fourteen papers in total. To be honest, if you haven't already got it, I wouldn't do the degree. It'll take you a lot longer to do that than to do the three paper it would excuse you from. Look at roughly three years to complete the ACCA (although obviously everyone is different). This answer is based on ACCA since you mentioned certified chartered accountant - if you wanted to do ACA you would need to be employed by a firm of accoutants who are recognised by the ICAEW (like PwC) but you have only a certain amount of time to complete and obviously can lose your job if you fail the exams.
Answer 2 :
Correct, you don't need an MSc in Finance and Accounting to become a chartered accountant. In fact you can even train to become a chartered accountant as a school leaver providing your A-level results are good. For more information visit the ICAEW (Institute of Chartered Accountants in England and Wales) website. The URL appears below.
Read more other entries :
Monday, April 1, 2013
what are the steps to become a charted accountant?
what are the steps to become a charted accountant?
i know up to getting a degree in university. but then i dont know what to do. i dont know what ACCA or CAT or ACA, or ICAEW or CIPFA or CIMA is. so can you please explain what it is. and how do i get into ACCA or ICAEW to be accountant who is doing finacial services. sorrys for asking too many questions. thanks.
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Be in touch with web page of ICAI.
Answer 2 :
Just what do you think a Chartered Accountant is? If a dull, boring person who sits in an office checking figures all day springs to mind then think again. Chartered Accountants are part of an adaptable, exciting and exacting profession. They come from all sorts of backgrounds, work all over the country - and throughout the world. As a chartered accountant you'll be playing a major role within business and industry - a member of a profession on which others depend. A profession with a strong sense of ethics and values at its core. Inevitably , the training to achieve this is tough - at least three years' study combined with a demanding full-time job. A flexible and determined approach is essential to achieve success. However, the training is fulfilling, with the emphasis on gathering knowledge from working situations. It's also an opportunity to meet and work with other bright people, and trainees admit, often with some surprise, that they enjoy an excellent social life. What Personal Qualities Do I Need? The variety of jobs undertaken by Chartered Accountants calls for a wide range of personal qualities. A Chartered Accountant needs to be: •A good communicator •A high academic achiever •A good team player •Comfortable with numbers •Able to manage others effectively •Analytical •Self-motivated Fact: most students who start training pass their professional exams. Everyone will tell you that training to be a Chartered Accountant is tough - they' re right! They'll also tell you that the qualities that get you through are commitment, hard work and determination - and once you've qualified many options and opportunities will be open to you. The majority of trainees are graduates who enter three-year training contracts. But there are also opportunities for bright non-graduates. Contracts are open to BTEC and A level students. Training contracts are offered by a wide range of firms, mainly in public practice but also in industry, and the terms and conditions of the contract may vary Make sure that you train with a firm that suits your temperament and careers objectives, and offers an adequate package of support for your tuition and examination. Working for a large firm can have advantages, you will audit many large "household name" clients and the experience is valued by many employers. Most large firms offer a package of benefits that includes competitive salaries, excellent exam support and training and for some, a greater choice over the study methods available. Working in a small or medium sized firm you will be trained more as an accountant than an auditor Many of the jobs will be for smaller clients and will provide a varied and interesting work schedule covering many areas of general practice. Many students appreciate the more personal, perhaps less pressurised environment that they work in with managers and partners often having more time to treat them as individuals. Top Tips •Study the subjects you're confident in - it's grades more than subjects that matter •Try and get some work experience to see whether it appeals to you •Talk to people about the work they do •Choose a training form that suits you
Answer 3 :
Do you mean 'chartered' accountant? To be able to be one you first need to be able to spell it correctly!
Read more other entries :
i know up to getting a degree in university. but then i dont know what to do. i dont know what ACCA or CAT or ACA, or ICAEW or CIPFA or CIMA is. so can you please explain what it is. and how do i get into ACCA or ICAEW to be accountant who is doing finacial services. sorrys for asking too many questions. thanks.
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Be in touch with web page of ICAI.
Answer 2 :
Just what do you think a Chartered Accountant is? If a dull, boring person who sits in an office checking figures all day springs to mind then think again. Chartered Accountants are part of an adaptable, exciting and exacting profession. They come from all sorts of backgrounds, work all over the country - and throughout the world. As a chartered accountant you'll be playing a major role within business and industry - a member of a profession on which others depend. A profession with a strong sense of ethics and values at its core. Inevitably , the training to achieve this is tough - at least three years' study combined with a demanding full-time job. A flexible and determined approach is essential to achieve success. However, the training is fulfilling, with the emphasis on gathering knowledge from working situations. It's also an opportunity to meet and work with other bright people, and trainees admit, often with some surprise, that they enjoy an excellent social life. What Personal Qualities Do I Need? The variety of jobs undertaken by Chartered Accountants calls for a wide range of personal qualities. A Chartered Accountant needs to be: •A good communicator •A high academic achiever •A good team player •Comfortable with numbers •Able to manage others effectively •Analytical •Self-motivated Fact: most students who start training pass their professional exams. Everyone will tell you that training to be a Chartered Accountant is tough - they' re right! They'll also tell you that the qualities that get you through are commitment, hard work and determination - and once you've qualified many options and opportunities will be open to you. The majority of trainees are graduates who enter three-year training contracts. But there are also opportunities for bright non-graduates. Contracts are open to BTEC and A level students. Training contracts are offered by a wide range of firms, mainly in public practice but also in industry, and the terms and conditions of the contract may vary Make sure that you train with a firm that suits your temperament and careers objectives, and offers an adequate package of support for your tuition and examination. Working for a large firm can have advantages, you will audit many large "household name" clients and the experience is valued by many employers. Most large firms offer a package of benefits that includes competitive salaries, excellent exam support and training and for some, a greater choice over the study methods available. Working in a small or medium sized firm you will be trained more as an accountant than an auditor Many of the jobs will be for smaller clients and will provide a varied and interesting work schedule covering many areas of general practice. Many students appreciate the more personal, perhaps less pressurised environment that they work in with managers and partners often having more time to treat them as individuals. Top Tips •Study the subjects you're confident in - it's grades more than subjects that matter •Try and get some work experience to see whether it appeals to you •Talk to people about the work they do •Choose a training form that suits you
Answer 3 :
Do you mean 'chartered' accountant? To be able to be one you first need to be able to spell it correctly!
Read more other entries :
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