Thursday, November 28, 2013

What is the difference between an accountant and an actuary?

What is the difference between an accountant and an actuary?
What does each do? I am thinking of these as possible career ideas but I don't know much about them. Any help appreciated! Thank you!
Financial Services - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
sorry your not bright enough to be either if you have to ask that question on here instead of going to web related sites for that kind of profession
Answer 2 :
An accountant is someone who works with money in a company to make everything work. They do things like assigning budgets to different departments, checking bills of expenses etc. This job is thought of as boring to most people, its mostly number crunching. An actuary is a business professional who deals with the financial impact of risk and uncertainty. They look at how likely it is that the customer won't pay back a loan, whether buying that new piece of equipment will make the company money, etc. it requires a deep and thourgh understanding of financial and statistical models. It is also one of the most highly paid professions in the world.
Answer 3 :
an accountant deals with financial accounting of a company to produce a profit and loss statement and an annual report of assets and liabilities. An actuary calculates risk for insurance policies etc.
Answer 4 :
Actuaries are people who found accountancy too exciting.
Answer 5 :
Actuaries are people who found accountancy too exciting.
Answer 6 :
Actuaries are actually good at math... haha sorry. Anyways, actuaries deal with calculating risks for companies like injury, disability, and even death. Accountants jobs can vary from whether or not you are working in a public or private firm. Generally the bottom line is that you're dealing with numbers and managing money.
Answer 7 :
Actuaries have to have a very good head for maths but accountants do not. Most the the work actuaries do relates to invesments - valuations and assessments of the risks of investment portfolios which means you have to understand statistics, calculus etc. Accountants don't need any math techniques above addition, subtraction, multiplication & division...and those you do using a calculator or spreadsheet. Actuaries used to get paid more because graduates of any subject can become accountants but only people good at math can become actuaries. However over the next couple of years the demand for actuaries will fall as they are so specialist to pensions & insurance whereas accountants may be laid off from financial services but can get work doing insolvency (winding down companies going bankrupt)
Answer 8 :
You have good query, ask your question to Training8m, Queensland, Australia, Training8m Corporate Technologies Pty Ltd., Australia

Read more other entries :

Thursday, November 14, 2013

How much does a good accountant cost in the London area on a monthly basis?

How much does a good accountant cost in the London area on a monthly basis?
Chartered would be preferable, but certified is fine so long as they are credible and have a good track record. How much would annual retainer cost whereby year end accounts and general ongoing advice and VAT returns are managed? Any advice would be much appreciated.
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
there is no set fee for accountants, it also depends what area they and you are in, why not contact a few and ask?
Answer 2 :
What is your Turnover and Profit, are you a Limited Company, are you turning over in excess of £6.5 Million, do you have property Income, Interest, Foreign Business Income etc. Without this information it’s very hard to estimate what they would charge. By the way, why do you want a chartered/certified Accountant? They will only take as much money as they possibly can off of you for doing the same job as a non chartered/certified Accountant. It's 5-10 times the price and you don't get anything extra from them. I guess its personal choice, some people like to get their car serviced at the dealer and pay 3 times as much as a normal mechanics (even though a 16 year old apprentice will probably still be working on the car) You will probably struggle to find a chartered/certified Accountant in London for less than £1,000 a year, if you are VAT registered it will be more and if you want monthly book-keeping it will be more Hope this helps Richard

Read more other entries :

Thursday, November 7, 2013

Can I get a job as an accountant with a bachelor's degree in English Philology and master in Finances and Acco?

Can I get a job as an accountant with a bachelor's degree in English Philology and master in Finances and Acco?
Hi! Can I get a job as an accountant (not a bookeeper) with a bachelor's degree in English Philology and master in Finances and Accounting? Is bachelor in Finances and Accounting or something similar needed?
Other - Careers & Employment - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It's usually enough that you have a degree. A related degree can give you exemption from some parts of your professional studies. My stepson had a degree in Psychology and was taken on as a trainee chartered accountant by one of the big firms. Good luck!

Read more other entries :

Friday, November 1, 2013

How much would an Accountant charge in Scotland for filing in a tax return?

How much would an Accountant charge in Scotland for filing in a tax return?
I have done all the year end stuff, just need someone to do the tax return.
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Why don't you just pick up the telephone and ask an appropriate firm. Gather about three quotes to get a feel for the general cost of the service. ;)
Answer 2 :
Ranges between £100 - £200 depending on the complexity of the return...........For good accountancy firms !

Read more other entries :