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Q: Big4 - Yearly salary increment

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  #13041 (permalink)  
Old 26-12-2023, 10:39 PM
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lol everyone knows that, that's why we don't buy the lie that 'young partners will drive change'. nothing's gonna change so kids better don't join audit
oh you can believe young partners will drive change, but their change might not be what you are looking for.

they are not there to improve welfare or make your life better... don't be fooled, they are also business owners, their objective is to maximize their own earnings

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  #13042 (permalink)  
Old 26-12-2023, 10:43 PM
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://.straitstimes.com/singapore/jobs/15-million-plan-by-industry-body-to-drive-up-s-pore-chartered-accountant-numbers

$15m plan by industry body to drive up S’pore chartered accountant numbers

Among the changes to help more aspirants join the programme and learn better are tie-ups with local universities to sponsor tuition for SCAQ candidates, a new dedicated study and learning space at 60 Cecil Street dubbed SCAQ Centre and a “study first, pay later” scheme.

Isca is also looking to provide around 200 scholarships a year for aspiring chartered accountants in universities and polytechnics, for both accountancy and non-accountancy graduates.

“The selection process will be done in partnership with the local universities and polytechnics,” it said in a statement on Dec 26.

Responding to queries from The Straits Times, Isca said the scholarships are targeted at the top 5 per cent of the graduating cohort of local institutions of higher learning, including universities and polytechnics.

HAHAHA so farnie. They want to con the top 5% to join their jhk sweat shop. Instead of joining much better MA programmes, join audit and work like a slave instead! Oh but no worries, you will get a nice study corner with free coffee !

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  #13043 (permalink)  
Old 26-12-2023, 10:59 PM
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The last paragraph is totally me too... It really hurts not being able to see your parents as they get older because you're OTing on weekends and nights and public holidays or too tired from OTing.

For the students, this is how my schedule is like these days. FYI I'm still working this week because our reporting for Sep is end-Dec (but no replacement leave allowed):
Jan - Mar: Listco peak / group reporting peak
Apr - Jun: Subsi peak / delayed Dec YE peak / Mar or quarterly peak
Jul - Sep: Jun or quarterly peak / if lucky can go on leave
Oct - Dec: Sep or quarterly peak / interim peak

Because I'm constantly working from peak to peak, there's nothing to learn but firefighting. I don't even have time to properly learn auditing standards and IFRS. 4 years of ********ting back-to-back jobs and hoping no one picks it up. Don't believe the old coots who tell you that audit is a good job, maybe it is 20 years ago when they actually have off peak and you can get a job with just a degree. SG clients are so **** that listings often don't even tie to the TB and they don't know why but you have to firefight somehow because it's a "me" problem when I'm delayed.

Also, timelines are always delayed and you have to follow up on your own after hours since "job ownership", so you're essentially working on multiple projects at one time. Planned breaks are often disrupted due to this when things suddenly pop up. Your juniors won't be of help either because the new batch doesn't know accounting, don't know how to use Excel, don't know how to Ctrl+C and Ctrl+V, cannot understand how to vouch, don't know how to refer to past year, takes 2 days to complete cash section, will never update PBC list and status updates so you have to do it yourself, and need extreme handholding so your working hours are doubled to coach. Apparently there's such an extreme shortage of grads wanting to do audit that we're taking the people who failed classes or something.

Please just don't join audit. Do you know that hiring managers these days explicitly filter out auditors even for accounting roles (because you don't have ERP experience) and FP&A (because you don't have forecasting, analytics experience)? Please read anonymous posts and have more coffee chats with actual hiring managers elsewhere instead of audit campus recruiters before you decide on your first job. There are politically incorrect things that people can't tell you in an official capacity or when there's other people around to judge them. Audit experience hurts you unless the company wants a workaholic (yes, this is what they explicitly say, we like auditors because they are used to OTing).
My time during audit

Dec list co / mnc group reporting : Jan - Apr
Kacang puteh pte ltd - May - June
June list co - July - oct
June list co subsi - oct - nov
Oct - interim for dec YE

Cycle repeat

Ex SM.

Left and took paycut to commercial

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  #13044 (permalink)  
Old 26-12-2023, 11:00 PM
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how possible is it to jump into fp&a after promotion to s1? need to take pay cut? do most firms still need prior commercial experience if jump out at this relatively junior level?
Upskill your excel skills and thank me later when u go fpna
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  #13045 (permalink)  
Old 26-12-2023, 11:06 PM
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://.straitstimes.com/singapore/jobs/15-million-plan-by-industry-body-to-drive-up-s-pore-chartered-accountant-numbers

$15m plan by industry body to drive up S’pore chartered accountant numbers

Among the changes to help more aspirants join the programme and learn better are tie-ups with local universities to sponsor tuition for SCAQ candidates, a new dedicated study and learning space at 60 Cecil Street dubbed SCAQ Centre and a “study first, pay later” scheme.

Isca is also looking to provide around 200 scholarships a year for aspiring chartered accountants in universities and polytechnics, for both accountancy and non-accountancy graduates.

“The selection process will be done in partnership with the local universities and polytechnics,” it said in a statement on Dec 26.

Responding to queries from The Straits Times, Isca said the scholarships are targeted at the top 5 per cent of the graduating cohort of local institutions of higher learning, including universities and polytechnics.

HAHAHA so farnie. They want to con the top 5% to join their jhk sweat shop. Instead of joining much better MA programmes, join audit and work like a slave instead! Oh but no worries, you will get a nice study corner with free coffee !
I cant even complete sqp now since my employer is not ATO.
How to get CA like that?
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  #13046 (permalink)  
Old 26-12-2023, 11:06 PM
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big 4 is a classic example of jhk help jhk, ceca help ceca, sinkie pwn sinkie
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  #13047 (permalink)  
Old 26-12-2023, 11:07 PM
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Upskill your excel skills and thank me later when u go fpna
for example? i'm already pretty good with excel (powerquery, index match, etc) but still no interviews
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  #13048 (permalink)  
Old 26-12-2023, 11:09 PM
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oh you can believe young partners will drive change, but their change might not be what you are looking for.

they are not there to improve welfare or make your life better... don't be fooled, they are also business owners, their objective is to maximize their own earnings
That silly person who said 'young partners are trying to improve things' a few pages ago really should listen to this. Sorry but Gen Y is the best at pretending to be politically correct while being the worst sinkie pwn sinkie backstabbers. Boomers just skip the first part.
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  #13049 (permalink)  
Old 26-12-2023, 11:10 PM
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graduating student here, have been applying for jobs outside audit, but no luck thus far...not many slots and very competitive. to all auditors and ex auditors here, what would your best advice be?
See what u want to do?

If you are clueless on your path, you can do audit, otherwise you can start off with Finance Business Partner ( more promising i felt) if you want stay in accounting/finance industry
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  #13050 (permalink)  
Old 26-12-2023, 11:11 PM
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://.straitstimes.com/singapore/jobs/15-million-plan-by-industry-body-to-drive-up-s-pore-chartered-accountant-numbers

$15m plan by industry body to drive up S’pore chartered accountant numbers

Among the changes to help more aspirants join the programme and learn better are tie-ups with local universities to sponsor tuition for SCAQ candidates, a new dedicated study and learning space at 60 Cecil Street dubbed SCAQ Centre and a “study first, pay later” scheme.

Isca is also looking to provide around 200 scholarships a year for aspiring chartered accountants in universities and polytechnics, for both accountancy and non-accountancy graduates.

“The selection process will be done in partnership with the local universities and polytechnics,” it said in a statement on Dec 26.

Responding to queries from The Straits Times, Isca said the scholarships are targeted at the top 5 per cent of the graduating cohort of local institutions of higher learning, including universities and polytechnics.

HAHAHA so farnie. They want to con the top 5% to join their jhk sweat shop. Instead of joining much better MA programmes, join audit and work like a slave instead! Oh but no worries, you will get a nice study corner with free coffee !
should just disband these jokers ISCA and take their funding to give bonus to every auditor. first say tell ppl accounting not boring to attract ppl join, now say give nice study corner and scholarship that need to pay back.
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