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Accountancy undergrad need advice

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Old 14-12-2018, 05:50 PM
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Default Accountancy undergrad need advice

Hi everyone have been reading this forum for a while but created a new account as it's been on my mind.

I'm about to graduate BAcc in 1 year time but I'm not too sure what I should focus on.

Grades wise I'm currently first class as I really enjoy accounting.

I have not done audit before given hearing the horror stories as well, so im not too sure if that's what I want to do.

Should I instead try the other non audit Dept, such as financial services within big 4 or would there be better opportunities elsewhere as I still want to focus on accounting related jobs.

Thanks

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Old 14-12-2018, 06:56 PM
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Originally Posted by lightskain View Post
Hi everyone have been reading this forum for a while but created a new account as it's been on my mind.

I'm about to graduate BAcc in 1 year time but I'm not too sure what I should focus on.

Grades wise I'm currently first class as I really enjoy accounting.

I have not done audit before given hearing the horror stories as well, so im not too sure if that's what I want to do.

Should I instead try the other non audit Dept, such as financial services within big 4 or would there be better opportunities elsewhere as I still want to focus on accounting related jobs.

Thanks
Men must not be lazy. First year 80 to 100 hours work week during peak is good training for the mind.

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Old 14-12-2018, 10:08 PM
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Originally Posted by lightskain View Post
Hi everyone have been reading this forum for a while but created a new account as it's been on my mind.

I'm about to graduate BAcc in 1 year time but I'm not too sure what I should focus on.

Grades wise I'm currently first class as I really enjoy accounting.

I have not done audit before given hearing the horror stories as well, so im not too sure if that's what I want to do.

Should I instead try the other non audit Dept, such as financial services within big 4 or would there be better opportunities elsewhere as I still want to focus on accounting related jobs.

Thanks
You would have to do SQP though, have you checked up on that? Thing is, if you do enjoy accounting, its best that you stick to audit, finish up the 3-4 years, get your SQP and see if youd like to stay or enter the private sector. Accounting today is different from the accounting of past so I would advise you to try finance (banks) or learn tech (coding) or at least consider these options but know that you wont be able to practise as an accountant. Audit is the best option if you would like accounting to be a lifelong career.

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Old 15-12-2018, 01:21 PM
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I would suggest advisory. It has gd prospects and not dreadful like audit.
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Old 18-12-2018, 01:55 PM
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shag..useless degree :/
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Old 19-12-2018, 04:20 PM
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Quote:
Originally Posted by lightskain View Post
Hi everyone have been reading this forum for a while but created a new account as it's been on my mind.

I'm about to graduate BAcc in 1 year time but I'm not too sure what I should focus on.

Grades wise I'm currently first class as I really enjoy accounting.

I have not done audit before given hearing the horror stories as well, so im not too sure if that's what I want to do.

Should I instead try the other non audit Dept, such as financial services within big 4 or would there be better opportunities elsewhere as I still want to focus on accounting related jobs.

Thanks
Since you are getting 1st class honour. Why not try big 4 1st. Give it a shot for at least 1 year before you think of something else. The only horror stories i heard about audit is the OT. But other than that. It is pretty ok. Just go through the motion only.
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Old 23-12-2018, 02:18 PM
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Since you are getting 1st class honour. Why not try big 4 1st. Give it a shot for at least 1 year before you think of something else. The only horror stories i heard about audit is the OT. But other than that. It is pretty ok. Just go through the motion only.
You forgot... low pay
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Old 26-12-2018, 08:11 AM
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You forgot... low pay
You are right. But most account student fresh grad got to start somewhere. Commercial firm is not going to hire you if you got no experience. Big 4 would be a good start for them.
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Old 20-03-2019, 04:43 PM
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I am a first year audit associate in a big 4 now, graduated from a local uni w BAcc too. Almost all the first class honors have left the firm within a few months of entering. Some went into MA programs or finance analyst positions (paying >4k+/mth). at entry levels of audit, you are also exposed to alot of mundane tasks such as vouching which doesn't really take much brainpower.

also, entry levels for the accounting/audit industry does not seem to pay that well. A FCH here gets paid i think 3.3k/mth while there are so many other doors open to a local uni BAcc FCH in other financial industries that pays so much higher (>4.5k/mth)

Ultimately, if your goal is to be CFO or accountant (if your interest is in accounting), there could be better paths out there.

coming to audit is just a waste of your FCH imo.
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Old 21-03-2019, 09:19 AM
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I am a first year audit associate in a big 4 now, graduated from a local uni w BAcc too. Almost all the first class honors have left the firm within a few months of entering. Some went into MA programs or finance analyst positions (paying >4k+/mth). at entry levels of audit, you are also exposed to alot of mundane tasks such as vouching which doesn't really take much brainpower.

also, entry levels for the accounting/audit industry does not seem to pay that well. A FCH here gets paid i think 3.3k/mth while there are so many other doors open to a local uni BAcc FCH in other financial industries that pays so much higher (>4.5k/mth)

Ultimately, if your goal is to be CFO or accountant (if your interest is in accounting), there could be better paths out there.

coming to audit is just a waste of your FCH imo.
Do you have to take SQP to be CA?
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