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I'm back!

Postby Mdam » Mon Oct 06, 2014 3:01 pm

After some changes in direction, some going in circles, a bad accountancy experience to a good one, I'm back! This forum appears to have died off lately, shame.

Still got 1 exam to go having started 7 years ago. Figure that I may as well complete the damn thing now I'm back in the game. Only issue is the re-registration fee of 79+79 that I owed when I was taken off the list - £158 + £108 for the exam.. Is £266 worth it for an exam I've failed 3 times?! It'll be audit which is no relevance to my job (practice, but no auditing) so I guess the only positive aspect is future jobs, saying 'qualified' surely helps. Just don't see where I'd benefit financially in the short term, and £266 is a heck of a hit to take!

Tax would be more relevant but I can't afford the courses or time off so decided against self studying that, therefore audit, with some brought forward knowledge, seems to be the better bet.

Any thoughts?
Mdam
 
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Re: I'm back!

Postby buttinski » Fri Oct 24, 2014 9:31 am

Hi
The amount you are talking about is small beer compared to the benefits of qualification.
With an ever increasing number of scammers 'out there' formal qualification will become ever more important.
You are correct in suggesting that auditing is the most mind numbing of subjects but (believe it or not) some people think it is interesting and of worth (well Tesco do, obviously!).
Seriously though, unless you intend to go into general practice or take up a 'commercial' position I think 'tax' is the way to go. Become specialised in a subject field, join a big firm, and you are made for life (or at least until you are made redundant, which is why a formal qualification is important - it should put you in a better position to find a new job).
Clients are prepared to pay a fortune for 'specialist' advice whereas 'ordinary' accountants are 'ten a penny'.
You are also right in saying that A.S. seems to have become deserted, over the recent past.
Good luck with the exams.
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Re: I'm back!

Postby Mdam » Mon Dec 01, 2014 3:51 pm

buttinski wrote:Hi
The amount you are talking about is small beer compared to the benefits of qualification.
With an ever increasing number of scammers 'out there' formal qualification will become ever more important.
You are correct in suggesting that auditing is the most mind numbing of subjects but (believe it or not) some people think it is interesting and of worth (well Tesco do, obviously!).
Seriously though, unless you intend to go into general practice or take up a 'commercial' position I think 'tax' is the way to go. Become specialised in a subject field, join a big firm, and you are made for life (or at least until you are made redundant, which is why a formal qualification is important - it should put you in a better position to find a new job).
Clients are prepared to pay a fortune for 'specialist' advice whereas 'ordinary' accountants are 'ten a penny'.
You are also right in saying that A.S. seems to have become deserted, over the recent past.
Good luck with the exams.


An actual reply, crikey!

Good to hear from you. I bit the bullet anyway and took the hit. Took the exam today (p7) and it was fairly kind question wise, but the amount you need to write is incredible. 15 pages with small writing and still feel i missed a fair bit - serious hand ache! I expect another narrow fail as I just don't seem to revise enough small detail, and never remember the numbers of the isa's.

When you say 'commercial' I assume you mean management accountant type role in a company? That is my plan still, practice is ok but not for me long term. I didn't go for tax simply because I couldn't do a course of tuition or revision and with full time work it wouldn't have bee doable. Plus, the more times I fail audit the more brought forward knowledge I'll take into your resit so should eventually pass!!
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