Q: Big4 - Yearly salary increment

Originally Posted by EDMWer

Those who cant enter local uni will struggle with audit anyway

Only those walking FRS can handle audit well and become partner.

There are people (non-cyborg) out there who can download FRS and SSA into their brain and remember it for rest of their lives

But you still need a lot of people to do the groundwork. Where can you find enough local university accountancy graduates to handle all the fieldwork? You can't limit the talent pool to just local universities.

vouch revenue invoices - sight to which amount? inclusive or exclusive gst?

Originally Posted by Unregistered

vouch revenue invoices - sight to which amount? inclusive or exclusive gst?

exclusive gst

Originally Posted by Unregistered

But you still need a lot of people to do the groundwork. Where can you find enough local university accountancy graduates to handle all the fieldwork? You can't limit the talent pool to just local universities.

The partners will think of the projected career path and runway theory (Heng Swee Keat)

The runway length is quite limited so they need people who can takeoff within certain timeframe to become manager within x years

those weaker in FRS cannot become partners within certain years so they will be obsolete and written off

Originally Posted by EDMWer

The partners will think of the projected career path and runway theory (Heng Swee Keat)

The runway length is quite limited so they need people who can takeoff within certain timeframe to become manager within x years

those weaker in FRS cannot become partners within certain years so they will be obsolete and written off

The projected career path is tied to lifetime revenue for the firm

Even though associate does brainless work that nobody wants to do but partner can create expansion & jobs besides incremental revenue

Originally Posted by Unregistered

But you still need a lot of people to do the groundwork. Where can you find enough local university accountancy graduates to handle all the fieldwork? You can't limit the talent pool to just local universities.

But people are beginning to realise the system is quite toxic especially with elistist mindset

The industry demands certain % of accountants to sustain businesses, whether good or bad with FRS/SSA

If we use the lifetime revenue approach and to measure everyone else in dollars and cents, the whole system will make it non viable for people to continue in accountancy

People dont want to adopt a sustainability people.

The culture & environment keeps demanding that you OT, 1 person do 3 person work, juggle WLB with further exams, take on needless CPE/MBA/CFA to better oneself , go against competition by taking up roles in outside world

End of the day businesses suffer as a result and problem comes back into one circle

Alot of accountants not encouraging their kids to join this industry

Originally Posted by EDMWer

But people are beginning to realise the system is quite toxic especially with elistist mindset

The industry demands certain % of accountants to sustain businesses, whether good or bad with FRS/SSA

If we use the lifetime revenue approach and to measure everyone else in dollars and cents, the whole system will make it non viable for people to continue in accountancy

People dont want to adopt a sustainability people.

The culture & environment keeps demanding that you OT, 1 person do 3 person work, juggle WLB with further exams, take on needless CPE/MBA/CFA to better oneself , go against competition by taking up roles in outside world

End of the day businesses suffer as a result and problem comes back into one circle

Alot of accountants not encouraging their kids to join this industry

adopt a sustainability approach* and the hypocrisy of sustainability consulting should be retained for ownself*

Originally Posted by EDMWer

Big 4 will only give the same position at best or demote those from mid tier which is not attractive

I've met a few ppl from midtier who came over to big 4. They got demote 1lvl, but after stay 1 yr, promoted, so no issue. They oso prefer big 4 - higher salary and got the name on resume

anyway, their knowledge n exposure is not as much and they dont know how to use the canvas/aura all those. demote is for their survival so they can still got ppl teach them, and can adapt. if they not demote, then ppl expect them to know everything they oso burnout and cannot survive

Originally Posted by EDMWer

Those who cant enter local uni will struggle with audit anyway

Only those walking FRS can handle audit well and become partner.

There are people (non-cyborg) out there who can download FRS and SSA into their brain and remember it for rest of their lives

You just need to know enough. you don’t need to be a walking FRS to make partner. for that you can join professional practice department. if you are a partner now you and you can admit one person into partnership. a walking FRS? or someone who can consistently bring in business. don’t beleive all partners are as technical as you think. but they can identify an accounting issue from a mile away and know when to consult. it’s two very different things.

Originally Posted by Unregistered

I've met a few ppl from midtier who came over to big 4. They got demote 1lvl, but after stay 1 yr, promoted, so no issue. They oso prefer big 4 - higher salary and got the name on resume

anyway, their knowledge n exposure is not as much and they dont know how to use the canvas/aura all those. demote is for their survival so they can still got ppl teach them, and can adapt. if they not demote, then ppl expect them to know everything they oso burnout and cannot survive

A lot will just stay put,

Salary not much different anyway +_
At least for M lvls. Haha