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Accountancy Experience assessment

  • 15-09-2015 1:16pm
    #1
    HipCat
    Registered Users, Registered Users 2 Posts: 5 ✭


    It is my first post so I would like to say hi to everyone.

    I was wondering if you could help / share your thoughts on my problem:

    I have a staff review this December and I want to fight for a bigger pay rise (currently I am on €29k + performance related bonus, also my employer pays my college fees).

    Let me give you some background on my current role and experience:

    I am nearly a qualified accountant (ACCA), having passed 11/14 exams (currently preparing to take P1 and then next year I am planning to take P4 and P5). I passed all my exams in the first sittings except for F8 (47% – but I got it in the second sitting. I have nearly 4 years of experience in working in Finance, in industry (started as an accounts assistant but I moved up to position of Financial Accountant but it actually feels that I am doing Assistant Accountant’s work).

    My responsibilities are: -
    - Preparation of management accounts for 3 entities and the consolidated accounts for the group. This includes preparation of accruals, prepayments, work in progress, deferred income, sales variance analysis, monthly cash flow statement, FA register and depreciation.
    - Management of the company’s cash flow, prepare and monitor annual budgets.
    - I supervise one assistant accountant (that looks after AP and AR) that reports directly to me.
    - Statutory returns: VAT and VIES – I do not have much experience with CT as our auditors look after this as a part of the annual fee. I only calculate and post the monthly P&L charge.
    - Balance sheet reconciliations: Banks, credit cards, DRS, CRS, PAYE , VAT control account, CT control account, Non-current asset additions, intercompany loan account
    - Besides this I work on different costing analyses, internal and external analyses (PESTEL, stakeholder, Culture web just to name few).
    - Also currently working on introduction of balanced scorecard/ KPI reporting

    I’m also experienced with project management/ systems accounting: I have an advanced knowledge of Excel and I program in VBA (was able to improve a lot of processes intra and inter departmental).

    Since I will be qualified soon I am afraid that am not getting enough experience as an accountant and was wondering what else could I add to my CV?

    There are good few accounting standards that I only know from college and never used them in real life e.g. IAS 19 Employee Benefits etc. I did not deal with shares at all (as there are only 3 shareholders in the company), did not prepare SOCIE etc.

    I was wondering if I should leave my current company before I get qualified to get more experience somewhere else just to boost my confidence (and CV). On one hand I am afraid that if I left now and got a job somewhere else I could get a better salary but I would be stuck in one area (currently I have a good exposure to lots of things – at least that’s what I think) on the other hand I am not sure if I am getting enough experience and I am afraid that once I become qualified and decided to move I will not pass the probation period in the new place .

    Many thanks for all the responses and ideas.


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