Michael Smart’s Post

Why Stay in Accountancy Practice? 🤔 In the world of accountancy, the allure of moving to industry roles can be tempting. However, there are compelling reasons to stay within accountancy practice that you might not have considered. ✅ **Diverse Client Exposure**: Working in accountancy practice offers the unique opportunity to engage with a variety of clients from different sectors. This diversity not only broadens your experience but also enhances your problem-solving skills. Each client presents unique challenges, keeping your work dynamic and interesting. ✅ **Career Progression**: Accountancy practices often provide clear and structured career paths. From Trainee Accountant to Partner, there are numerous opportunities for advancement. Practices invest in your professional development, offering training and support to help you climb the career ladder. ✅ **Professional Network**: Staying in practice allows you to build a robust professional network. The relationships you develop with clients, colleagues, and industry professionals can open doors to future opportunities and collaborations. Networking in practice is invaluable and can significantly boost your career. What are your thoughts on staying in accountancy practice versus moving to industry? Share your experiences and let's discuss! #Accountancy #CareerDevelopment #ProfessionalGrowth

𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 !!!! 𝐃𝐞𝐚𝐫 𝐂𝐀𝐅 𝐒𝐭𝐮𝐝𝐞𝐧𝐭𝐬, Many of you may not be fully aware of the current situation in firms regarding induction processes. Here is the reality: Approximately 70% to 80% of trainees are hired based on merit rather than through #references. The main concern is students' mindsets. Many only apply to the top 10 firms instead of considering their own interests and priorities in terms of qualifications, environment, and the skills they wish to develop. Students often fail to plan the time needed to qualify. They are in a rush to join the top 10 firms and end up getting stuck. However, they could join firms that offer bookkeeping, advisory, tax, and other such services to local and offshore clients. It is crucial to plan for the skills you want to acquire for your future career, as these skills will be your most important asset. The scope of audit work is expected to change soon, so plan accordingly. One significant issue is the poor drafting of CVs and applying through inappropriate channels without understanding the culture of the firms. Many students apply by merely expressing their enthusiasm instead of researching the respective firm's expertise and aligning their skills accordingly. For example, if you are applying for an audit position, highlighting your skills in bookkeeping software may not be beneficial (though it could help you in the long run for accounting purposes). There are many other points to consider, but the key takeaway is to change the mindset that everything depends on references. Learn how to effectively showcase your skills and sell yourself. #CAStudents #ICAP #CAFStudents #CareerPlanning #SkillsDevelopment #Audit #Bookkeeping #Advisory #Tax #MeritBasedHiring #ProfessionalGrowth #CVWriting #FirmCulture #CAF #Articleship #Trainee #Induction

You’ve heard of Accountants. Perhaps you’ve heard that it’s a ‘boring’ career. We’re here to assure you that it’s not…and to let you know exactly what an Accountant is. “Accounting is the quantification and communication of both financial and non-financial information concerning economic organisations, such as corporations.” OK…let’s break that down. 📈Accounting involves tracking and recording finances to keep track of the money coming in and out of a company. 💸This enables companies to gain insight and understanding of their spending, and to be clear on where their money is going.    👨💼An Accountant is a professional who carries out all these tasks and is also responsible for other jobs such as ensuring that financial data is recorded correctly and generating reports to represent this data in a way that makes it clearer for businesses to understand and interpret. ✅A company won’t survive if it’s not profitable. So, we think Accountants are pretty important! Dive deeper into the world of an Accountant in our handy blog: https://lnkd.in/e5uty7AF #Accountants #Accountancy #AccountancyPractice #AccountancyFirm #WorkforUs #JobOpportunity #GraduateScheme #GradScheme #Apprenticeship #Apprentice #ApprenticeScheme #JobVacancy #AccountingJob #AccountantJob #NewJob #Wearehiring #Jobrole #Jobopportunity #joinourteam

You’ve heard of Accountants. Perhaps you’ve heard that it’s a ‘boring’ career. We’re here to assure you that it’s not…and to let you know exactly what an Accountant is. “Accounting is the quantification and communication of both financial and non-financial information concerning economic organisations, such as corporations.” OK…let’s break that down. ℹ️ Accounting involves tracking and recording finances to keep track of the money coming in and out of a company. ℹ️ This enables companies to gain insight and understanding of their spending, and to be clear on where their money is going.    ℹ️ An Accountant is a professional who carries out all these tasks and is also responsible for other jobs such as ensuring that financial data is recorded correctly and generating reports to represent this data in a way that makes it clearer for businesses to understand and interpret. ℹ️ A company won’t survive if it’s not profitable. So, we think Accountants are pretty important! Dive deeper into the world of an Accountant in our handy blog: https://lnkd.in/e5uty7AF #Accountants #Accountancy #AccountancyPractice #AccountancyFirm #WorkforUs #JobOpportunity #GraduateScheme #GradScheme #Apprenticeship #Apprentice #ApprenticeScheme #JobVacancy #AccountingJob #AccountantJob #NewJob #Wearehiring #Jobrole #Jobopportunity #joinourteam

There are plenty of job opportunities out there for those wanting experience in the accountancy profession. This article lists the different types of opportunities available. Read here: https://ow.ly/a2PO50TsXlg #AccountancyCareers

Guiding Freshly Passed Chartered Accountants: Navigating Your Next Steps Congratulations to all the freshly passed Chartered Accountants out there! 🎉 Your hard work and dedication have paid off, and now you're at a pivotal moment in your career. Here are a few pointers to help you navigate this exciting phase: 1. **Gain Practical Experience**: While academic qualifications are crucial, nothing beats hands-on experience. Seek out opportunities for internships or entry-level positions in firms where you can apply your knowledge in real-world scenarios. 2. **Continuous Learning**: The world of finance and accounting is constantly evolving. Stay updated with the latest trends, regulations, and technologies through seminars, workshops, and online courses. Consider pursuing specialized certifications like CPA or CFA to enhance your skills. 3. **Network, Network, Network**: Build and maintain professional relationships within the industry. Attend industry events, join professional organizations, and connect with peers and mentors. Networking not only opens doors for career opportunities but also allows you to learn from others' experiences. 4. **Develop Soft Skills**: Technical expertise is essential, but soft skills such as communication, leadership, and adaptability are equally important. Work on honing these skills as they play a crucial role in your professional growth. 5. **Consider Your Career Path**: Reflect on your career aspirations and goals. Whether you envision yourself in public practice, corporate finance, or entrepreneurship, identify the path that aligns with your interests and strengths. 6. **Ethics and Integrity**: As a Chartered Accountant, ethics should be at the forefront of everything you do. Uphold high standards of integrity and professional conduct in all your dealings. 7. **Work-Life Balance**: Maintain a healthy balance between work and personal life. Remember that long-term success often hinges on your ability to manage stress and prioritize well-being. Remember, your journey as a Chartered Accountant is just beginning. Embrace every opportunity to learn, grow, and make a positive impact in the world of finance. Best of luck on your professional journey ahead! 💼 #CharteredAccountant #CareerAdvice #ProfessionalDevelopment #Finance #Accounting

The landscape of accountancy is changing fast. 🌍 Did you know that 76% of accountants agree the profession is shifting towards more strategic and advisory roles? This cultural shift is not just a trend, but a fundamental change in how we perceive and deliver accountancy services (source: Accountancy Today, 2024). At ProTalent, we're dedicated to channeling this shift. Our mission is to guide professionals through the challenges and opportunities it presents, ensuring they are connected to firms that value and reward forward-thinking expertise. Whether you're a trainee accountant ready to embark on a new path or a seasoned partner looking for new horizons, we're here to support your journey. The demand for strategic and advisory roles in accountancy is rising. 🧠 At ProTalent, we believe in the importance of matching skilled professionals with the right opportunities, where their talents and ambitions can truly thrive. 👉 Let's discuss how you can navigate this evolving landscape. Drop a comment or visit protalent.eu. Your next career move could be just a click away. 🚀 #Accountancy #ProfessionalDevelopment #ProTalent

Here is our final tip on thriving as a trainee accountant. 𝟴. 𝗪𝗢𝗥𝗞-𝗟𝗜𝗙𝗘 𝗕𝗔𝗟𝗔𝗡𝗖𝗘 𝗜𝗦 𝗞𝗘𝗬 Accounting can be demanding, but burnout benefits no one. Schedule time for relaxation and activities you enjoy. A well-rested trainee is a more productive and successful one. #BesterGroenewald #Articles #Accounting #TraineeAccountant

Here is our final tip on thriving as a trainee accountant. 𝟴. 𝗪𝗢𝗥𝗞-𝗟𝗜𝗙𝗘 𝗕𝗔𝗟𝗔𝗡𝗖𝗘 𝗜𝗦 𝗞𝗘𝗬 Accounting can be demanding, but burnout benefits no one. Schedule time for relaxation and activities you enjoy. A well-rested trainee is a more productive and successful one. #BesterGroenewald #Articles #Accounting #TraineeAccountant

🎯 From Trainee to Partner: Your Next Big Step 🎯 Are you ready to make your next big move in accountancy? Whether you're a trainee eyeing the next level, a senior looking to specialise, or a manager ready to lead, there are so many exciting paths in the accountancy practice world! 🌐 📊 Over the years, I've seen candidates take their careers in all sorts of amazing directions - and there's no "one-size-fits-all" path. That's what makes this work so rewarding! 🔑 What's key? Knowing what drives you, the work environments you thrive in, and how you want to grow. 💡 If you're considering a move, I'd be happy to share insights on roles that align with your goals - just get in touch! #CareerGrowth #AccountancyPractice #LevelUp #ProTalentRecruitment #NextStep