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just had a look at them and they look too specific, is there anything that offers information on most common issues in tax ?
I got my training from 2 private practices and got experience signed off by one practice that is acca approved and the pther where my supervisor was acca qualified
Hi. Yes i did do AAA. But like i said i only had 1 year of practical experience in audit and i feel i should have been shadowing an experienced auditor for that time instead of doing it mostly myself. I believe i would have been in a better position now if this was the case. I also struggle with reconciling balance sheet items. I confuse myself with what the client has done with particular postings. I have the knowledge but i feel like there are some gaps to fill or maybe i need more shadowig in general with these things but once you become qualified employers generally leave you to it.
Hi Jetavi,
What I mean to say is. Does my experience need to be recorded in someway by me or employer even if I was able to claim the exemptions?
Hi Jetavi, thanks for your response. Regarding the performance objective exemptions. y current firm are approved by acca. I understand that by claiming an exemption, I don’t have to record experience on acca. However does the employer still have to do this?
Hi, all. I had been offered another job. Pay is better and im hopinh they will be more understandign of my potential. I spoke to my manager abut leaving and what i need signing ff. However she dosent believe i have achieved certain objectives that i feel i have achieved. She says i still ask for help on financial reporting related jobs however i had told her that for the past few months ive been working to my own accord. and i remmeber in the past how they didnt like that i work on my own due to mistakes arising and that i should always ask for help. For this reason i dont think she will sign off the financial reorting PER objectives that i knowive achieved, being in practice fr 3.5 yrs! Then another risk is that the new employer may not sign it all off for another year or 2. I dont believe i should wait this long to qualify after having become an acca affiliate and working in practice for over 3 yrs. and i’d rather not wait until she signs off all the PER because i feel that they are delaying it on purpose and i wont achieve much in the next 12 months being at the same place.
Hi Jetavi,
Thanks for your advice. Having received my final exam results I officially passed and now am an acca affiliate. I wanted to ask regarding performance objectives, do I necessarily need audit experience as part of my PER? I have achieved all the financial accounts PER objectives and was wondering, if computing corporation tax and VAT would be sufficient enough to achieve the tax PER objectives? if so, I technically have qualified.
I am concerned with my manager, if I move jobs now I fear she will not sign off any of my time or approve my PER objectives achieved so far? what can I do in such situation?
@jetavi said:
Hi,Well it is common to face problems in workplaces but we need to make sure we remain professional and patient when dealing with conflicting priorities.
From what you have mentioned, your manager has not refused you anytime…which means that you do have chances of getting selected for the upcoming audits. Don’t let assumptions dishearten you.
If you think your manager believes you are not capable of doing certain audits, it is best to discuss with your manager what skills do you lack and how can you develop the skills required to do so (may be by doing a training course or something similar?)
Something like a performance appraisal.
I am hoping if your manager sees your interest and enthusiasm in learning and developing skills they will help you in achieving them.At times we think we have it all but if analyse ourselves(our work) we then notice that there are a lot of areas we need to improve and work on.
From what I think, you do seem to be in a favourable position in terms of your qualification…
Have an experience of more than 3 years
Are on your way of becoming an affiliate…Leaving the job or staying it is completely your decision.
You would, however, need to consider some factors like:
In terms of contractual binding
In terms of finding new jobs… ‘will you be able to find a better job?’
In terms of your PER… You would need to get your time approved by your manager, if your manager does NOT approve your time then that time period does NOT qualify for your PER.What all I have mentioned above are just advices from my own personal experience. They are not cast iron rules. The decision is for you to make… you know your situation better than anyone else.
Hope that helps.
That is a good idea actually, I was thinking of the threat to make to them, but I have this feeling that they never really wanted to keep me. Colleagues have been saying to me they think the managers just don’t want to pay me high salary and just keep me for cheap because of their tightness with spending. I haven’t had any impression from them wanting me to stay since they give me all the miniscule jobs and haven’t made an effort to arrange for me to go on audit despite assigning almost everyone else (even those who joined after me).
Thankyou for the advice, I would highly appreciate any suggestions of good employers you know that I could possibly consider? Do you know of any current vacancies in the west midlands (Birmingham, Wolverhampton areas?)
Hi Chris. Yes that is right. there is a risk to leaving aswell as staying. and yes I am still underpaid, my salary has barely increased despite my good workin performance and exam success.
Jay,
I am currently in a contract with my employer. They had said that once i qualify i have to stay 1 extra year as part of their policy. Personally i dont want to stay another year there as i have already spent enough time working for them and i dont mind paying them back if i was to leave just after i qualify. I will start looking around for better opportunities.
Yes i will consider that. I’ll stick around for 1 more year until i pass and see what offers they can provide.
Yes that is true. however i doubt they will as i heard that small independent practices don’t tend to offer much to accountants and usually are undervalued in practice. So i was considering moving to a larger organisation in public sector or industry perhaps.
Thankyou for the link il have a look at that. I agree with you in regards to moving jobs. However i am in a contract with my current firm until i complete all exams. If i was to leave early id have to pay back all the exams i had taken with them. I was wondering if it was worth riding it out until the end of 2018 (when i complete all papers), and then consider working elsewhere?
I have completed 10 exams including one professional paper i am now studying for my 2nd professional paper P7 after that will have 3 papers remaining which i hope to complete by the end of 2018. Yes that is true, however what if they ask about my previous salary and my expectations ?
Hi, thanks for the response. Is that really possible for my salary to shoot up that high after being on a salary below 20k? I do intend to work in industry or public sector, i believe there are better prospects as an accountant in those sectors.
It has increased but by a small amount. since starting 2 years ago it has increased by £750 solely due to passing exams. I passed my P2 exam on Monday so have 4 more to go, i understand what you mean about moving on and thats what i would intend to do after completing my exams here. Only 12 months left.
I would prefer to get a job in london once i qualify, as salary should be decent enough to cover living costs. If i left now i would have to pay over £1000 for the exams already taken. And even though the training isnt inspiring, it will still help me understand concepts and procedures alot more better in my next job. At the moment I havent given much thought as to what i want to pursue specifically after qualifying, i am doing an all round accounts job, getting exposure to different areas in business.
So would it be better to ride it out and wait 1 more year before moving on to my next role?
thankyou that was very good advice! i am trying to gain experience and learn as much as i can at my current workplace but, i feel that the mentoring is not very effective, the firm are quite disorganised aswell and i feel as if i havent grown in this firm over the past 2 years. However i was thinking of sticking around until i qualify (which is another year) otherwise if i leave now i will have to pay back all the exams i had taken with them. Hopefully can move onto bigger and better things in 2018.