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What’s accountancy all about?

What’s accountancy all about?. David Duvall Training Manager Chantrey Vellacott DFK. What do accountants do?. Where do accountants work?. In practice – for accountancy firms or for themselves In industry In the City of London In government (national and local) As consultants As trainers

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What’s accountancy all about?

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  1. What’s accountancyall about? David Duvall Training Manager Chantrey Vellacott DFK

  2. What do accountants do?

  3. Where do accountants work? • In practice – for accountancy firms or for themselves • In industry • In the City of London • In government (national and local) • As consultants • As trainers • WIDE RANGE OF OPTIONS FOR NEWLY-QUALIFIED ACCOUNTANTS

  4. Accountants in practice • Auditing the accounts of businesses • Preparing accounts • financial accounts • management accounts • Calculating tax • Giving advice on developing and improving businesses • Rescuing or winding up businesses

  5. Accountants in industry • Preparing accounts • management accounts, usually every month • financial accounts, every year • Advising management in decision-making • Preparing budgets for the future

  6. Types of accountant • Chartered (ICAEW) • Certified (ACCA) • Management (CIMA) • Accounting technician (AAT) • Public sector (CIPFA)

  7. How do you become an accountant? • Choice of entry routes: • graduates • straight from school • Graduates • no need to study accounting at university • usually 3 years to qualify • School-leavers • usually through AAT (2 years) • then ACA (ICAEW) or ACCA (2 years)

  8. How do you train? • Exams • Professional development courses • On the job

  9. Exams • ICAEW • Certificate level (CFAB) • Professional level • Advanced stage • ACCA • Fundamental • Professional • AAT • Levels 2, 3, 4

  10. Studying for exams • Practising firms give study leave to attend courses with professional tutors • Also need to study evenings and week-ends – about 10-15 hours a week • How many hours in a week?

  11. Hours in a week • 168 • (56) Sleep (8 x 7) • (40) Work (8 x 5) • (10) Travel to work (2 x 5) • (21) Eating, washing etc (3 x 7) • = 41: Studying 10-15 Fun 26-31

  12. Accountancy is FUNAccountants are INTERESTING

  13. dduvall@cvdfk.com

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