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What do those who dislke working in Practise do?

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  • 10-02-2013 1:05am
    #1
    MagicWanderer
    Registered Users Posts: 28 ✭


    Hi,

    I am a recently qualified ACCA accountant and want to get out of Practise.
    This is a abroad topic where Im looking for advice from like-minded souls who dislike working in practise, especially Audit, and see what roles do they perform & even enjoy!


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    #2
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,000 Mod ✭✭✭✭Jim2007


    MagicWanderer wrote: »
    Hi,

    I am a recently qualified ACCA accountant and want to get out of Practise.
    This is a abroad topic where Im looking for advice from like-minded souls who dislike working in practise, especially Audit, and see what roles do they perform & even enjoy!

    Well I left a big four and accounting within weeks of qualifying and got involved in designing and writing simulation software - I liked the application of math to business problems. I worked mainly on warehousing and logistics problems.

    Another colleague became a potter and later I believe a professional fiddle player!

    Yet another left to become a sheep farmer in north Donegal (he was originally from Dublin)

    A more recent one has signed up to learn how to be a watch maker...

    Find something you are passionate about and do that! Life is more interesting that way.


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    #3
    Cookie_Monster
    Registered Users Posts: 24,470 ✭✭✭✭Cookie_Monster


    Never worked practice, never will. have been employed in retail, gambling and manufacturing sectors since started ACCA both with large companies (13,000 people plus) and small one (12 people)


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    #4
    MagicWanderer
    Registered Users Posts: 28 ✭MagicWanderer


    Truly fascinating and inspiring.
    Thank-you both, wow, great.
    Would love to hear more.


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    #5
    JM_2009
    Registered Users Posts: 33 ✭JM_2009


    Are you in big 4 practice? I left big 4 and went to Funds , which is terribly boring. Thinking of going back to practice now


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    #6
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,000 Mod ✭✭✭✭Jim2007


    JM_2009 wrote: »
    Are you in big 4 practice? I left big 4 and went to Funds , which is terribly boring. Thinking of going back to practice now

    Funds!!! That's worse than watching paint dry...


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    #7
    JM_2009
    Registered Users Posts: 33 ✭JM_2009


    I know that now. Thinking of going into a smaller practice.

    Part of me thinks I am mad to even think about it , as I was not a big fan of Big 4 however I have to admit I am intrigued to see if it is any different in a smaller place or if it would be easier to make a good name for myself . Time will tell I guess


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    #8
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,000 Mod ✭✭✭✭Jim2007


    JM_2009 wrote: »
    I know that now. Thinking of going into a smaller practice.

    Part of me thinks I am mad to even think about it , as I was not a big fan of Big 4 however I have to admit I am intrigued to see if it is any different in a smaller place or if it would be easier to make a good name for myself . Time will tell I guess

    Yes, but what are you passionate about? What are you interested in?

    For me it's software, I get a kick out of seeing people using the applications I write. I enjoy the creativity - hitting run and seeing your ideas come up on screen is a lot of fun...


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    #9
    JM_2009
    Registered Users Posts: 33 ✭JM_2009


    It would not be software anyway.

    I want to have plenty of experience in IFRS and would love to be in a situation where I could set up my own practice and make plenty of money.

    Reckon I will leave funds this year. The only thing that keeps me there is that it is a cushy number the people are fantastic and I get to leave every day at 5,30.

    Don't suppose you have any idea of what working in a smaller practice is like Jim?


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    #10
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,000 Mod ✭✭✭✭Jim2007


    JM_2009 wrote: »
    Don't suppose you have any idea of what working in a smaller practice is like Jim?

    Well assuming that it is going to be a typical small practice, the emphasis is going to be on:
    - Account preparation
    - Tax submissions
    - Grant/loan applications
    - Charities
    - Bookkeeping services
    - SME audits (mainly validation of accounting through supporting documentation etc.)

    It is also very different working for yourself, first of all you are running a business and secondly you are relying on clients walking through the door, there is no guaranteed pay cheque at the end of the month.

    I usually work for myself as do most of my colleagues and some of the pet hates are:
    - Drumming up business
    - Chasing people to get payment
    - Self reliance: you make the calls and have to live with them, there is no one looking over your shoulder.
    - Staff issues (some times like a kindergarten!)


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    #11
    phunkymonk
    Registered Users Posts: 144 ✭✭phunkymonk


    Working in funds at the minute and trying to get out is proving a bit difficult. I am almost ACCA qualified and if I stay in funds might aswel throw the qualification out the window IMO - asked the manager the last day if they take into account people who are doing exams and successfully passing them when they decide on salary increases - simply no, said the exams are good for you but i wouldnt factor them into salary increases. bit of a joke tbh.

    I have a little bit of audit experience and considering going back into it to add some value to the qualification and then move into iindustry. HAve been looking in industry but I think once a company see funds on the CV they prob put it down!
    JM_2009 wrote: »
    Are you in big 4 practice? I left big 4 and went to Funds , which is terribly boring. Thinking of going back to practice now


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