David Duvall

1
Whats accountancyall about?

• David Duvall
• Training Manager
• Chantrey Vellacott DFK

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What do accountants do?
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Where do accountants work?

• In practice for accountancy firms or for
  themselves
• In industry
• In the City of London
• In government (national and local)
• As consultants
• As trainers
• WIDE RANGE OF OPTIONS FOR NEWLY-QUALIFIED
  ACCOUNTANTS

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Accountants in practice

• Auditing the accounts of businesses
• Preparing accounts
• financial accounts
• management accounts
• Calculating tax
• Giving advice on developing and improving
  businesses
• Rescuing or winding up businesses

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Accountants in industry

• Preparing accounts
• management accounts, usually every month
• financial accounts, every year
• Advising management in decision-making
• Preparing budgets for the future

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Types of accountant

• Chartered (ICAEW)
• Certified (ACCA)
• Management (CIMA)
• Accounting technician (AAT)
• Public sector (CIPFA)

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How do you become an accountant?

• Choice of entry routes
• graduates
• straight from school
• Graduates
• no need to study accounting at university
• usually 3 years to qualify
• School-leavers
• usually through AAT (2 years)
• then ACA (ICAEW) or ACCA (2 years)

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How do you train?

• Exams
• Professional development courses
• On the job

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Exams

• ICAEW
• Certificate level (CFAB)
• Professional level
• Advanced stage
• ACCA
• Fundamental
• Professional
• AAT
• Levels 2, 3, 4

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Studying for exams

• Practising firms give study leave to attend
  courses with professional tutors
• Also need to study evenings and week-ends about
  10-15 hours a week
• How many hours in a week?

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Hours in a week

• 168
• (56) Sleep (8 x 7)
• (40) Work (8 x 5)
• (10) Travel to work (2 x 5)
• (21) Eating, washing etc (3 x 7)
• 41 Studying 10-15
• Fun 26-31

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Accountancy is FUNAccountants are INTERESTING
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dduvall_at_cvdfk.com