Accountants earn more than bankers?!
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I dunno leh .. I thought accounts people know how to read financial statements that's all.Originally posted by Skibi:Most accountants are bankers? Anyway play shares can also earn alot of money, accounts people are trained to play shares as well.
they are trained in financial analysis meh? like from a graph, they know whether the share or fund will rise or not? -
Originally posted by Icemoon:
I did a search on the acca website for you. I think their exams cover just about everything. F9 and P4 teaches you how to play shares I think.
I dunno leh .. I thought accounts people know how to read financial statements that's all.
they are trained in financial analysis meh? like from a graph, they know whether the share or fund will rise or not?
F1 Accountant in Business AB
F2 Management Accounting MA
F3 Financial Accounting FA
F4 Corporate and Business Law CL
F5 Performance Management PM
F6 Taxation TX
F7 Financial Reporting FR
F8 Audit and Assurance AA
F9 Financial Management FM
P1 Professional Accountant PA
P2 Corporate Reporting CR
P3 Business Analysis BA
P4 Advanced Financial Management AFM
P5 Advanced Performance Management APM
P6 Advanced Taxation ATX
P7 Advanced Audit and Assurance AAA
The Fundamentals level is divided into two modules - Knowledge and Skills. The Knowledge module (F1-F3) introduces students to the core areas of financial and management accounting. This provides the platform from which the other technical accountancy areas will be studied in greater detail in the Skills module. The Skills module (F4-F9) contains six subjects which comprehensively cover the main technical areas that any accountant - regardless of their future career aspirations - are expected to have mastered. These comprise law, performance management, taxation, financial reporting, auditing, and financial management.
The Professional level is divided into two modules - Essentials (P1-P3) and Options (P4-P7). Both modules have been set at an intellectual level equivalent to that expected of a student taking a Masters degree. The focus of the syllabus at this level is to build upon the technical skills already acquired, and explore more advanced professional skills, techniques, and values that are required and used by the expert accountant acting in an advisory or consultancy role at a senior level. All students must complete the three papers in the Essentials module. The Options module contains four papers. These are directly underpinned and supported by their equivalent within the Skills module in the Fundamentals level. These exams assess the more advanced and sophisticated techniques that a professional needs in order to specialise in specific areas at work, or to follow as a career pathway in an advisory or consultancy role. Students select two out of four Option papers and are advised to choose the options that relate to their chosen or anticipated field of work. -
Any layman also know how to read finanical statements,or maybe the basic terms the profits,etc etc.Originally posted by Icemoon:I dunno leh .. I thought accounts people know how to read financial statements that's all.
they are trained in financial analysis meh? like from a graph, they know whether the share or fund will rise or not?
Accountants are the ones who prepare the financial statements in accordance with the accounting standards (FRS),if accountant job is just to read the FS hahaa then anyone will apply the job.
Usually accounting work are link with finance side,that why lots of Uni courses often generally comprises of accounting and finance together,u also have to know shares and bonds well because of "creative accounting",for example if boss want to show (lower profit) for the company this yr reason(to pay lesser co tax,lesser bonus for employees etc)As the accountant u have to play around the figures loh like paying more dividend etc hence in a way u also have to know abit of finance terms well
Bankers got analysis the share market?I thought that the job for investment manager whether outsource or an internal one,to advice on client what shares to buy,etc etc,well maybe have if the bank provide banking service to potential investors. -
I hate management accountingOriginally posted by Skibi:I did a search on the acca website for you. I think their exams cover just about everything. F9 and P4 teaches you how to play shares I think.
F1 Accountant in Business AB
F2 Management Accounting MA
F3 Financial Accounting FA
F4 Corporate and Business Law CL
F5 Performance Management PM
F6 Taxation TX
F7 Financial Reporting FR
F8 Audit and Assurance AA
F9 Financial Management FM
P1 Professional Accountant PA
P2 Corporate Reporting CR
P3 Business Analysis BA
P4 Advanced Financial Management AFM
P5 Advanced Performance Management APM
P6 Advanced Taxation ATX
P7 Advanced Audit and Assurance AAA
The Fundamentals level is divided into two modules - Knowledge and Skills. The Knowledge module (F1-F3) introduces students to the core areas of financial and management accounting. This provides the platform from which the other technical accountancy areas will be studied in greater detail in the Skills module. The Skills module (F4-F9) contains six subjects which comprehensively cover the main technical areas that any accountant - regardless of their future career aspirations - are expected to have mastered. These comprise law, performance management, taxation, financial reporting, auditing, and financial management.
The Professional level is divided into two modules - Essentials (P1-P3) and Options (P4-P7). Both modules have been set at an intellectual level equivalent to that expected of a student taking a Masters degree. The focus of the syllabus at this level is to build upon the technical skills already acquired, and explore more advanced professional skills, techniques, and values that are required and used by the expert accountant acting in an advisory or consultancy role at a senior level. All students must complete the three papers in the Essentials module. The Options module contains four papers. These are directly underpinned and supported by their equivalent within the Skills module in the Fundamentals level. These exams assess the more advanced and sophisticated techniques that a professional needs in order to specialise in specific areas at work, or to follow as a career pathway in an advisory or consultancy role. Students select two out of four Option papers and are advised to choose the options that relate to their chosen or anticipated field of work.
FR better -
Accountants dun juz read financial statements....
They do:
1) Preparation of financial statements (as mentioned before), for accountants in
corporations.
2) Audit and Assurance, auditors check dat the financial statements prepared by the guys in 1) are correct..
3) Tax Compliance - They help clients (corporations) to compute their tax liability and onwards submission to IRAS
4) Advisory - Give advise lor... Risk management, Transaction advisory, business valuation, acquisition and mergers, insolvency, tax planning etc..
Accountants always in demand..
Boom time - More companies set up -> u got more companies to audit, prepare financial statements etc...
Recession time - Companies fold up, liquidation also need accountants... -
It's worse than NS in my opinion.
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wah!
buang leh liddat.
i going to study engineering leh.
time to change la! -
Originally posted by Evangelion84:
A more accurate saying should be "true and fair" view. Please refer to the auditor's report in the financial statements of any company.
Accountants dun juz read financial statements....
They do:
1) Preparation of financial statements (as mentioned before), for accountants in
corporations.
2) Audit and Assurance, auditors check dat the financial statements prepared by the guys in 1) [b]are correct..
3) Tax Compliance - They help clients (corporations) to compute their tax liability and onwards submission to IRAS
4) Advisory - Give advise lor... Risk management, Transaction advisory, business valuation, acquisition and mergers, insolvency, tax planning etc..
Accountants always in demand..
Boom time - More companies set up -> u got more companies to audit, prepare financial statements etc...
Recession time - Companies fold up, liquidation also need accountants...
[/b] -
but isnt it right that, if accountants messed up their company's finance, they can actually go to jail for it. Stressful job
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I think it is more correct to say their job revolves around FS .. you know . . all the paperwork.Originally posted by KenPlus:Any layman also know how to read finanical statements,or maybe the basic terms the profits,etc etc.
Accountants are the ones who prepare the financial statements in accordance with the accounting standards (FRS),if accountant job is just to read the FS hahaa then anyone will apply the job.
Usually accounting work are link with finance side,that why lots of Uni courses often generally comprises of accounting and finance together,u also have to know shares and bonds well because of "creative accounting",for example if boss want to show (lower profit) for the company this yr reason(to pay lesser co tax,lesser bonus for employees etc)As the accountant u have to play around the figures loh like paying more dividend etc hence in a way u also have to know abit of finance terms well
Bankers got analysis the share market?I thought that the job for investment manager whether outsource or an internal one,to advice on client what shares to buy,etc etc,well maybe have if the bank provide banking service to potential investors.
I dunno where they put the fund managers, maybe they are considered investment bankers? -
come work with mi lor.. relax relax one.. always can go overseas trip..... come come.. i never con u one lah..Originally posted by ditzy:hanor, I'm so busy I work my ass off. How often do you see me post replies now? I think this is like the 2nd time this past week. Engineers are always on the bottom of the scale,except for some lar. 
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Play shares? LOL .. I think stockbrokers also know how to play shares. And I have the impression to be a stockbroker you won't even need a degree.Originally posted by Skibi:I did a search on the acca website for you. I think their exams cover just about everything. F9 and P4 teaches you how to play shares I think.
I am talking about financial analysis. From a graph, you can do analysis to predict whether a fund will make money for the next quarter or not. -
well .. if you are a driver in SAF and you buang your vehicle what happen?Originally posted by cockaholic:but isnt it right that, if accountants messed up their company's finance, they can actually go to jail for it. Stressful job -
my banker friend from Credit Agricole, bought 2 properties (one of them 3 mil) drives a BMW to work, drives a ferrari on fri/sat.
Think depends on what kind of bankers you're talking about. -
Seriously in the wrong line. Sigh.
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what happened.....misappropriation of fundsOriginally posted by ditzy:hanor, I'm so busy I work my ass off. How often do you see me post replies now? I think this is like the 2nd time this past week. Engineers are always on the bottom of the scale,except for some lar. -
Must be a specialist like plastic surgeons, brain, eye, cancer surgeons.Originally posted by pompy:how about medicine?
GP don't earn so much- see I patient only $20+, must see many in 1 day.
Also have to pay salary + clinic rental.
Accountants, bankers & lawyers not only earn high salary + those in big corpn get big bonuses & stock options -
The real job of an accountant is to tweak the financial statements till it looks good to everyone.
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As long as you have finicial security..dont know why people in singapore are so goddamn money minded.Lead a simple lifestyle...
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Hmm is there a list of fellow sgForumners who are accountants, bankers, or working in the banking/finance sectors? Would love to seek advices and guidance from them..
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what's the route of advancement for a acc grad? interested coz i studying acc at smu lol.
bachelors in acc -> newb accountant at big 4 -> all the way up to partner level?
though i think i'll go straight to investment banking? this path is possible right? coz acc can go banking & finance, but b & f grads cant go acc. so acc grads alw more advantaged. -
Hanor.Originally posted by sir_boris:The real job of an accountant is to tweak the financial statements till it looks good to everyone.
They can make 1+1 = 3. -
In singapore, how simple u wan ur life to be? grow vegetables or rear animals? ppl are money minded bcuz they can't even lead a simple lifestyle. if u are not so goddamn money minded, surely u can spare me half of ur assets? by den i will humbly stfu and respect ur not goddamn money minded.Originally posted by Simon Dean:As long as you have finicial security..dont know why people in singapore are so goddamn money minded.Lead a simple lifestyle...
wif technology and globalisation, some businesses may turn obsolete overnight, employees might be contanstly replaced by younger talents or machines. rich get richer, poor get poorer and the average income will struggle so hard to be rich and not to be poor that they haf no choice but to be money minded. -
How hard isit to make Partner ah?Originally posted by thousandisland:what's the route of advancement for a acc grad? interested coz i studying acc at smu lol.
bachelors in acc -> newb accountant at big 4 -> all the way up to partner level?
though i think i'll go straight to investment banking? this path is possible right? coz acc can go banking & finance, but b & f grads cant go acc. so acc grads alw more advantaged.
Heard like you have to stay there for like more than 10+ years and even then there is no guarantee at all... -
yup. no guaranteed.Originally posted by jianfish9:How hard isit to make Partner ah?
Heard like you have to stay there for like more than 10+ years and even then there is no guarantee at all...