Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

Lol have u all attended the forum of firms event this few days. This profession is dying ard the whole. Left boomers tok shyt and sell dreams, toking abt quality. By 2030 this crap profession must go.

Talk about quality without increase in pay. Every year increase workload while reducing resources plotted.

Originally Posted by Unregistered

What’s your source for ISCA talking about ACCA?

I never hear such thing despite always reading accounting news.

Wah chill chill I can feel a bit of angst in this text. Guess auditors like to ask for sources. Haha. I'm not an acca grad, and neither do I support this nor the scaq thingy. Sorry if I sounded like helping to promote this here, but its not. I felt its not entirely fair to those graduated from local uni with the mra for cpa aust. That's why my original post supposed to be a bit sarcastic. Anyway these are just my opinion.

As for the acca part, may be if you dig dig some posts in Isca ig, there were acca grad asking in comment when will acca get rma/mra. Isca would reply and say something like wait, we have some good news by end of this year. If you are in official Telegram chat if isca scaq, maybe do a search "acca", someone asked the same thing and got the same reply. Cheers! Friday soon! 🙂

Originally Posted by Unregistered

What’s your source for ISCA talking about ACCA?

I never hear such thing despite always reading accounting news.

It’s on ACCA website: s://.accaglobal.com/sg/en/student/support-for-students-and-affiliates-in-singapore/ca-singapore-support.html

“Intent”

There are going to be people who feel that Acca is undeserving of the transitional arrangement.

Originally Posted by Unregistered

Hahaha chill bro. Don't worry la. Thot ISCA alrdy say will have gd news for acca grad this year? MRA also good ah, better than dun have leh. Look at those AAA or AAB or AAC local uni grads that have no exemptions or at most 1 exemption for Tax paper. These ppl pushed themselves hard into uni instead of supporting cpa aus which was perceived to be less prestigious back then. Now end up have the shorter end of the stick if they are still staying in this industry. So they not only don't vote PAP sia, may be leave the country and migrate to bolehland liao ah?

Hi Bro, regarding ISCA signing MRA/RMA with ACCA, you heard this from who?

ISCA Head of SCAQ program, Melissa Wu?

Originally Posted by Unregistered

It’s on ACCA website: s://.accaglobal.com/sg/en/student/support-for-students-and-affiliates-in-singapore/ca-singapore-support.html

“Intent”

There are going to be people who feel that Acca is undeserving of the transitional arrangement.

You can skip University by taking the acca route (2 years), after college.

Originally Posted by Unregistered

It’s on ACCA website: s://.accaglobal.com/sg/en/student/support-for-students-and-affiliates-in-singapore/ca-singapore-support.html

“Intent”

There are going to be people who feel that Acca is undeserving of the transitional arrangement.

You are quoting a page from more than 10 years ago.

It’s even referring to the old name of SQP instead of SCAQ.

And SAC already merged into ACRA.

Please quote a more recent source.

Originally Posted by Unregistered

For b4 audit, interns mainly do less challenging work. Roll forward of Py documents, fill up lead sheets, copy paste stat audit minutes, vouching lots of invoices, cash and expenses sections etc. etc

Good on resume , but if u want more exposure, try smaller firms. The learning curve is steeper for interns.

For full time staff, I think the learning curve in b4 only starts at a2 or s1.

Disagree, i’ve interned at both. went on to take PO at big4 and stayed for 5 years. mid tier is not structured. methodlogy is not consistent, it’s very dependent on the manager/partner. clients not as big or complex. at big 4 if you are good and you show you want to take on more they will definitely give you more interesting and challenging stuff (we are already short staffed so there’s more incentive to do this actually). but of course if you have proven to be the 9-5 guy, just wanna do your own work allocation. then the experience will be just as described as above.

don’t forget that in the grand scheme of things no matter how you paint the picture big4 audit quality is also better (although it’s at all time low now), the quality of your learning is also improved.

many times what i observe is intern just wanna get their internship done and dusted. experience is entirely up to you.

Originally Posted by Unregistered

NTU Accounting IGP

2015/2016 AAA/C 606
(higher than comp science/engineering)

2016/2017 AAB/B 618
(higher than comp science/engineering)

2017/2018 AAB/B 611
(higher than comp science/engineering)

2018/2019 AAC/B 541
(Slightly lower than comp science, higher than comp engineering)

2019/2020 ABC/B 507
(Slightly lower than comp science, higher than comp engineering)

2020/2021 BBC/C 481
(Lower than comp sci and comp engineering)

2021/2022 BBC/C 414
(Lower than comp sci and comp engineering)

2022/2023 BCC/B 352
(Lower than comp sci and comp engineering)

2023/2024 BBC/C 357
(Lower than comp sci and comp engineering)

Notable decline in grades and intake starting around 2020. Decreasing interest in accounting compared to comp science and comp engineering majors.

now now. let’s not forget. in the early stages of decline still had 90% of intake from big3 uni. now with the crap intake. even half of them don’t come to big 4. there is an increasing proportion that are imported or chapalang uni. so this problem u see above is further compounded hahaha

Originally Posted by Unregistered

now now. let’s not forget. in the early stages of decline still had 90% of intake from big3 uni. now with the crap intake. even half of them don’t come to big 4. there is an increasing proportion that are imported or chapalang uni. so this problem u see above is further compounded hahaha

In that case, the recent intake shouldn’t complain since their IGP is so low
Should be sad for us folks who went in a decade ago

Originally Posted by Unregistered

NTU Accounting IGP

2015/2016 AAA/C 606
(higher than comp science/engineering)

2016/2017 AAB/B 618
(higher than comp science/engineering)

2017/2018 AAB/B 611
(higher than comp science/engineering)

2018/2019 AAC/B 541
(Slightly lower than comp science, higher than comp engineering)

2019/2020 ABC/B 507
(Slightly lower than comp science, higher than comp engineering)

2020/2021 BBC/C 481
(Lower than comp sci and comp engineering)

2021/2022 BBC/C 414
(Lower than comp sci and comp engineering)

2022/2023 BCC/B 352
(Lower than comp sci and comp engineering)

2023/2024 BBC/C 357
(Lower than comp sci and comp engineering)

Notable decline in grades and intake starting around 2020. Decreasing interest in accounting compared to comp science and comp engineering majors.

Thanks for the numbers. Always knew informally people started rushing to CS instead of accounting the moment all the articles about IT fresh grads earning 5-10k while working 9-5 appeared thanks to free covid money.