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Looking for a finance entry job
I have completed aat level 2 and I am looking for entry position in accounts, any recommendations?
Starting AAT and a career change
Hello all,
I am new here and just wanted some advice really regarding a potential career change.
A little about me.. I'm 27, have no accounting experience and am currently working in billing and collection of Council Tax, which I have now been doing for 5 years. I've been thinking for a while about a career change to accounting, which would be something I would enjoy and actually get satisfaction from.. I can't bear the thought of collecting Council Tax for the next 40 years!
My qualifications so far are relatively limited. I passed my GCSE's and one A Level, though quite frankly I didn't try hard enough at school and college, so I don't think my qualifications are representative of my ability.. More my lack of effort in my teens. Now I want to correct this and have been looking up AAT as a starting block in accountancy. So here are my questions..
1. I know I'm only 27, but I feel it may be too late to career change given the fact I have no real relevant experience and no degree. Is this the case? Obviously I am prepared to complete the qualifications and take an entry level job, but maybe this will be impossible to get with my career so far? From what I've seen people seem to really struggle getting experience.
2. I want to be an accountant in industry rather than in practise. I know of CIPFA having worked around the finance department in local Government, though this qualification doesn't seem to be respected in the same way as ACCA or ACA (maybe it's just snobbery?) If I was looking to work in industry, possibly still in but not limited to local government, would CIPFA be best or is one of the others more suitable?
I was sure I had more questions than that, but I've done so much research I have a headache! Many thanks for your help in advance!
Tim
I am new here and just wanted some advice really regarding a potential career change.
A little about me.. I'm 27, have no accounting experience and am currently working in billing and collection of Council Tax, which I have now been doing for 5 years. I've been thinking for a while about a career change to accounting, which would be something I would enjoy and actually get satisfaction from.. I can't bear the thought of collecting Council Tax for the next 40 years!
My qualifications so far are relatively limited. I passed my GCSE's and one A Level, though quite frankly I didn't try hard enough at school and college, so I don't think my qualifications are representative of my ability.. More my lack of effort in my teens. Now I want to correct this and have been looking up AAT as a starting block in accountancy. So here are my questions..
1. I know I'm only 27, but I feel it may be too late to career change given the fact I have no real relevant experience and no degree. Is this the case? Obviously I am prepared to complete the qualifications and take an entry level job, but maybe this will be impossible to get with my career so far? From what I've seen people seem to really struggle getting experience.
2. I want to be an accountant in industry rather than in practise. I know of CIPFA having worked around the finance department in local Government, though this qualification doesn't seem to be respected in the same way as ACCA or ACA (maybe it's just snobbery?) If I was looking to work in industry, possibly still in but not limited to local government, would CIPFA be best or is one of the others more suitable?
I was sure I had more questions than that, but I've done so much research I have a headache! Many thanks for your help in advance!
Tim
Tjm1987
5
Re: Help with Process Costing needed
Q2 Company X
Natalie: again you have done all the hardwork.
At work we'd probably have separate normal loss accounts one for process A one for process B. And 2 abnormal accounts and abnormal loss account for A and an abnormal gain account for process B.
You are welcome to ask me to re-write an answer where all the normal losses go in together, if that is what you'd like.
1. Normal Loss Account A
Debit 400 kgs from Process A £200
Debit 200 kgs from Abnormal Loss A at £0.50 £100
Balance 600 kgs worth £300
2. Abnormal Loss Account A
Debit 200 kgs from Process A £3,715
Credit 200 kgs to Normal Loss A £100
Credit £3,615 to the Profit or Loss of the period This is a cost of the period
3. Normal Loss Account B
Debit 280 kgs from Process B £511
Credit 100 kgs from Abnormal Gain B at £1.825 £183
Balance 180 kgs worth £328
4. Abnormal Gain Account B
Credit 100 kgs from Process B £2,175
Debit 100 kgs to Normal Loss B at £1.825 £183
Debit £1,992 to the Profit or Loss of the period. This will increase the profit of the period
Natalie: again you have done all the hardwork.
At work we'd probably have separate normal loss accounts one for process A one for process B. And 2 abnormal accounts and abnormal loss account for A and an abnormal gain account for process B.
You are welcome to ask me to re-write an answer where all the normal losses go in together, if that is what you'd like.
1. Normal Loss Account A
Debit 400 kgs from Process A £200
Debit 200 kgs from Abnormal Loss A at £0.50 £100
Balance 600 kgs worth £300
2. Abnormal Loss Account A
Debit 200 kgs from Process A £3,715
Credit 200 kgs to Normal Loss A £100
Credit £3,615 to the Profit or Loss of the period This is a cost of the period
3. Normal Loss Account B
Debit 280 kgs from Process B £511
Credit 100 kgs from Abnormal Gain B at £1.825 £183
Balance 180 kgs worth £328
4. Abnormal Gain Account B
Credit 100 kgs from Process B £2,175
Debit 100 kgs to Normal Loss B at £1.825 £183
Debit £1,992 to the Profit or Loss of the period. This will increase the profit of the period
Re: Discussion forums suggestions/requests
I mentioned to @StuartW that I found the new "profile" a bit succinct, and here is his answer:
"We've launched with basic profiles, but if there's call for more information to be included we may be able to look at this.
Tell you what - post your suggestion in the feedback thread, and if you can get 10 people to 'Like' it I'll add it to my list of things to look at next week
"
So if you would like your profile to include more info, please like this post!
MN
"We've launched with basic profiles, but if there's call for more information to be included we may be able to look at this.
Tell you what - post your suggestion in the feedback thread, and if you can get 10 people to 'Like' it I'll add it to my list of things to look at next week
"So if you would like your profile to include more info, please like this post!
MN
