Syed Wajahat Bokhari

From 2025 You Will Be Able to Become a Chartered Accountant Without a Degree With the shortage of Accountants expected to be at 58,000 by 2033, the Institute of Chartered Accountants has announced an apprenticeship like training scheme that will allow people wanting to become Accountants to learn by working on the job, instead of taking the current route of a university degree. It could be argued that lowering entry requirements could dilute the profession’s standards and diminish the University qualifications already earned by past graduates, but I think this is a smart move for the CA and its members, with firms finding it increasingly hard to attract Graduates to the industry. In an article for the AFR, Euan Black spoke with Rob Dunderdale (Head of Talent Attraction at KPMG Australia) who said employees recruited through this type of program tended to “stay longer and generally progress faster through our organisation. They spend time with our business, they get to build connections quickly, and they understand how we work.” A traineeship system like this emphasizes the value of practical experience over academic qualifications that can be expensive and time-consuming. People can gain exposure to the profession before making such a big commitment and it can counteract the appeal of much larger Graduate salaries that can be earned in other industries. Is the new Traineeship Program a good idea or should the CA stick with the current University requirements to undertake its qualification? Let me know your thoughts in the comments below. #ALRARecruitment #CharteredAccountants

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📣 Calling all academy finance teams! It’s nearly time to submit your Budget Forecast Return. Have a look at our handy guide for the changes to look out for this year. If you would like help with this, please reach out. #azets #academies #budget #audit

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Stay up to date with the latest accounting and reporting updates. Join the next PwC UK accounting reporting update webcast and hear about the latest accounting trends and regulation updates. Tuesday 12 November 2024 11:00-11:30 am GMT Virtual #ARU2024 #AccountingReporting #Corporate Reporting

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What skills make a great management accountant? 💡 Whether you choose CIMA, ACCA, or ACA, becoming a top-notch management accountant requires a combination of skills: ✔️ Analytical Mindset: Ability to analyse financial data and provide insights. ✔️ Communication: Clearly explaining financial information to non-financial stakeholders. ✔️ Technological Proficiency: Skill with accounting software and new tech. ✔️ Strategic Thinking: Aligning financial strategies with business goals. ✔️ Detail-Oriented: Thorough in identifying discrepancies and trends. In today's fast-paced business environment, these skills are essential. But what do you think? Drop your thoughts below! #ManagementAccountancy #FinanceSkills #CareerDevelopment

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A recent survey reveals that accountants and financial advisors are grappling with worsening cashflow issues, primarily due to clients struggling to pay their fees. A study, conducted by Premium Credit, shows that 36% of these professionals have experienced deteriorating cashflow over the past year, while only 29% report improvements. https://lnkd.in/eGFEib2U #reed #reedfinance #reedaccountancy #reedsouthampton #reedportsmouth #reedwinchester #cashflow #accountant #financialadvisors #businesschallenges

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With ongoing skills shortages and the battle for talent across accountancy as tough as ever, might now be time to rethink traditional routes into the sector? In the US, a proposed change to accountancy licensing will reduce the amount of schooling and exams needed and instead favour learning on the job through work experience, but the question is: should the UK follow suit? I was recently asked to express my views on this topic by Raconteur | B Corp™ in the below article written by Sam Birchall. Take a look to learn more about the debate, including my own thoughts on the topic and why a balanced approach is needed most, considering the risks and benefits of switching up the typical routes into accountancy. Chloe May Lydia Baxter Karen Young FCICM Matthew Nicholls Matthew Davies Georgina Bird Marios Georgiou Victoria Birch Louise Bridge Matthew Freegard Debbie Stent Catherine Hubbard Edward Hampson Nic Cowley Natasha Illingworth Honor Doyle Luke Reid #accountancy #talentcrisis #finance #accountancysector 

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Do Practice Accountants Need to be Qualified to Reach the Top? Yes…but, not always 🤔 Whilst holding the ACA/ACCA qualification undoubtedly sets a standard of expertise, exceptions exist where other qualities can override this. 💥 But, it is becoming rarer. Many clients will not consider a candidate for some of the top positions if they are not qualified. 👀 It's the first cut they make. But, while qualifications are often a prerequisite for success, it's crucial to recognize that they don't always guarantee excellence. 💥 Sometimes, a blend of commercial acumen, technical prowess, and exceptional client relationship skills can outweigh any formal qualification. 💥 While qualifications provide a solid foundation, they are just one piece of the puzzle. As professionals, we must embrace a holistic perspective that values both traditional credentials and the unique strengths individuals bring to the table.

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Looking for expert analysis and guidance on the latest accounting and reporting updates? PwC UK has you covered. Stay ahead with our timely insights and best practices. Tuesday 12 November 2024 11:00-11:30 am GMT Virtual #ARU2024 #AccountingReporting #Corporate Reporting

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Some more information regarding the transition plan for Companies House reforms, well worth a read.

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💼 𝐍𝐞𝐞𝐝 𝐚𝐧 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐧𝐭? 𝐖𝐞’𝐯𝐞 𝐆𝐨𝐭 𝐎𝐧𝐞! 🎸💰 If you’re looking for a 𝐏𝐚𝐫𝐭-𝐐𝐮𝐚𝐥𝐢𝐟𝐢𝐞𝐝 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐧𝐭 who’s sharp with numbers and ready to make a big impact, look no further! This rising star, on track to qualify in a year, is partway through their CIMA qualifications and already bringing serious value to the table. 𝓦𝓱𝓪𝓽 𝓶𝓪𝓴𝓮𝓼 𝓽𝓱𝓮𝓶 𝓪𝔀𝓮𝓼𝓸𝓶𝓮? ✔️ Crunches numbers like a pro (and actually loves doing it!) ✔️ Master of Excel and financial software—spreadsheets don’t stand a chance ✔️ Experience with month-end, reconciliations, and reporting ✔️ Sharp eye for details and a knack for solving tricky problems ✔️ Eager to learn, grow, and help your business thrive! ℐ𝒻 𝓎ℴ𝓊𝓇 𝓉ℯ𝒶𝓂 𝒸ℴ𝓊𝓁𝒹 𝓊𝓈ℯ 𝒶 𝒻𝒾𝓃𝒶𝓃𝒸ℯ ℊ𝓊𝓇𝓊 𝓌𝒾𝓉𝒽 𝓉𝒽ℯ 𝓈𝓀𝒾𝓁𝓁𝓈 𝓉ℴ 𝓈𝓊𝓅𝓅ℴ𝓇𝓉 𝓎ℴ𝓊𝓇 ℊ𝓇ℴ𝓌𝓉𝒽, 𝓉𝒽𝒾𝓈 𝒾𝓈 𝓉𝒽ℯ 𝓅ℯ𝓇𝓈ℴ𝓃 𝓎ℴ𝓊 𝓃ℯℯ𝒹.  𝒯𝒽ℯ𝓎'𝓇ℯ 𝓇ℯ𝒶𝒹𝓎 𝓉ℴ 𝒹𝒾𝓋ℯ 𝒾𝓃 𝒶𝓃𝒹 𝒸ℴ𝓃𝓉𝓇𝒾𝒷𝓊𝓉ℯ 𝒻𝓇ℴ𝓂 𝒹𝒶𝓎 ℴ𝓃ℯ! 𝐃𝐌 𝐦𝐞 𝐨𝐫 𝐞𝐦𝐚𝐢𝐥 𝐦𝐞 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐯𝐢𝐜𝐭𝐨𝐫𝐢𝐚@𝐯𝐫𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬.𝐜𝐨.𝐮𝐤

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The Autumn Budget has introduced significant CGT increases, affecting anyone selling or restructuring assets. Gains over £1M are immediately taxed at 24%, while gains up to £1M will rise to 14% in April 2025 and 18% in April 2026. These changes could increase tax liabilities for business owners and individuals, making careful planning essential. Find out more 👇 #AutumnBudget #CapitalGainsTax #FinancialPlanning

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New survey data from ACCA (the Association of Chartered Certified Accountants) has revealed just 14% of accountants have a positive view of the UK economy. With less than one-in-five accountants feeling upbeat about the UK’s economic situation, ACCA is calling on the government ahead of the Budget to ensure that measures are announced to promote improved confidence in the economy and amongst its members. If you share this view, what would need to be included in the Budget to make you more optimistic about the economy? https://bit.ly/40kbPHh #ReedAccountancy #Finance #Budget #Accountant #Economy

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UK Budget 2024 Catch up on the latest insights from the UK Budget 2024 with KPMG’s in-depth analysis. From economic forecasts to tax changes, see how the new measures could impact businesses and individuals across the UK. Stay informed to plan ahead effectively. #UKBudget2024 #TaxUpdates #EconomicOutlook #KPMGInsights KPMG UK https://lnkd.in/eukBpsNa

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Balancing the Books and Life: A Call to Action for Accountants In the latest survey by the Institute of Financial Accountants, it’s clear that many accountants are struggling with excessive workloads and long hours. With nearly half of respondents reporting increased workloads over the past two years, it’s time to address this issue head-on. Key Takeaways: Workload Impact: Overwork is leading to burnout and dissatisfaction, affecting both personal and family health. Legislative Changes: The Employment Relations Act 2023 aims to improve work-life balance with new flexible working rights. Emerging Solutions: International outsourcing and innovative scheduling can help alleviate pressure and improve productivity. Let’s work together to create a healthier, more balanced work environment for all. 🌟 If you feel your work life balance could be improved by a job change, give me a call... 01184023812 📞 #WorkLifeBalance #Accountancy #Wellbeing #FlexibleWorking Shaquille Hills Philip Watts Oluwakolawole Babalola https://lnkd.in/ekvpSKxJ

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New survey data from ACCA (the Association of Chartered Certified Accountants) has revealed just 14% of accountants have a positive view of the UK economy. With less than one-in-five accountants feeling upbeat about the UK’s economic situation, ACCA is calling on the government ahead of the Budget to ensure that measures are announced to promote improved confidence in the economy and amongst its members. If you share this view, what would need to be included in the Budget to make you more optimistic about the economy? https://bit.ly/40kbPHh #ReedAccountancy #Finance #Budget #Accountant #Economy James Kaz Alexandra Tom Sunil Julia Sam Jaz

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Read our HR labour market outlook for 2024, exploring key trends in recruitment, redundancies, and employee value proposition. Stay informed with #HR #RSMinsights #employmentmatters

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