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Q: Big4 - Yearly salary increment

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  #19421 (permalink)  
Old 22-08-2024, 09:12 PM
EDMWer
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Gov need to stop importing foreigner and continue with their lazy policies. They are selling sgrean and the country, imo. They are shyting on tranferring skill. Fking accountancy need ft for skill transfer is a fking joke. This is just modern labour camp.
Accounting tends to be a complicated profession

There isnt another critical profession that requires talents to spearhead global growth
and there isnt another lazier profession that requires DRCR book keeping only

Now the entire problem gets clumped together and there is no one size fits all solution.

Stakeholders must really give and take in order for the profession to progress.

Economy must know that 10,000 cheap bookkeepers supply at 1k a mth who cannot help local companies to grow is pointless

Yet at the same time, how do we convince Gen Z that accounting is a better profession compared to others?

Basically in audit, toxic culture like staying back after 6pm is always prevalent.
then basically every commercial firm is understaffed and the accounting work is crappy which exacerbates the problem.

Need to do timesheet, monitor billing as well plus many theoretical and technical stuff to read up on for a salary that doesnt pay you well enough to buy a decent sized condo on your own in the first 5 years

As for most commercial firm, every company only wants to get by with minimum accounting personnel. Friends, even if you have a strategic CFO (Zhuge Liang), your business empire will not expand as the finance department is already overstretched

Thats why alot jump to sell real estate, insurance and become lecturers

I cannot remember which day i was happy, except to look forward to retirement or payday

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  #19422 (permalink)  
Old 22-08-2024, 09:23 PM
EDMWer
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Sorry to be lor soh again

As we all know, malaysians are the most hardworking but not necessary the best in taking the Company in the global stage like our Singaporean alpha men, Sim Wong Hoo/Tan Min Liang/Chew Shou Zi

So 1. malaysians bridge the auditing problems by staying overnight in audit firm

2. They bridge the commercial accounting problem by sucking up the understaffed department problem

Now economy is fueled by cheap medicine from JB

Short term wise ok for operations day to day accounting

Long term wise, i think will have problems for SG based companies to expand to big countries.

Anyway, Singaporeans and scholars alike mostly will stay out of accounting sector in near future and this trend will continue

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  #19423 (permalink)  
Old 22-08-2024, 09:43 PM
EDMWer
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Due to problems mentioned above, In future i expect more and more ang moh & japanese/china/korean CFO to come over to SG.

I feel that Singaporean finance managers are not daring enough to uproot themselves to China/USA/India to gain exposure.

I feel that people in this thread should volunteer themselves to go overseas for exposure.

Move your family overseas etc , so the rest of us here can have lower job competition too

Please dont stay in SG. SG market is too small, you will never be a global CFO with sg based perspective

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  #19424 (permalink)  
Old 22-08-2024, 09:54 PM
leo xin ting
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s t f u all of u.

Malaysians are the reason why accountancy/ audit is so unattractive.
They low ball and try to get PR after a few years in audit

most of them cant speak proper english.
lucky they paying for most locals condo while they go holiday
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  #19425 (permalink)  
Old 22-08-2024, 10:35 PM
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Originally Posted by leo xin ting View Post
s t f u all of u.

Malaysians are the reason why accountancy/ audit is so unattractive.
They low ball and try to get PR after a few years in audit

most of them cant speak proper english.
lucky they paying for most locals condo while they go holiday
Ya but they willing to uproot themselves and leave their family behind to come to SG

If got USA/China work opportunity, malaysians more likely to go for it to get more exposure

To be an accounting leader, Singaporeans need to be daring too

Well educated and being citizen and doing NS doesnt entitle us to be in the job

The moment we think like this, SG will lose competitiveness

We have to analyse the weakness of malaysian competitors and work on overcoming our singaporean weaknesses , and at same time keep building on existing strength
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  #19426 (permalink)  
Old 22-08-2024, 11:02 PM
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Originally Posted by EDMWer View Post
Ya but they willing to uproot themselves and leave their family behind to come to SG

If got USA/China work opportunity, malaysians more likely to go for it to get more exposure

To be an accounting leader, Singaporeans need to be daring too

Well educated and being citizen and doing NS doesnt entitle us to be in the job

The moment we think like this, SG will lose competitiveness

We have to analyse the weakness of malaysian competitors and work on overcoming our singaporean weaknesses , and at same time keep building on existing strength
Make no sense. Its just that accountancy is low end, low value job that dont move up the value chain. Ur points make sense for high end job whicb is highly sought after. Example.. construction labour work sgrean want do meh? This fking profession needs to go.
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  #19427 (permalink)  
Old 22-08-2024, 11:37 PM
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Originally Posted by EDMWer View Post
Due to problems mentioned above, In future i expect more and more ang moh & japanese/china/korean CFO to come over to SG.

I feel that Singaporean finance managers are not daring enough to uproot themselves to China/USA/India to gain exposure.

I feel that people in this thread should volunteer themselves to go overseas for exposure.

Move your family overseas etc , so the rest of us here can have lower job competition too

Please dont stay in SG. SG market is too small, you will never be a global CFO with sg based perspective
i know you're shitposting but a 2-3 year stint overseas does help

east asian CFO for east asian companies, yes common

progressive ang moh companies? they'll normally just hire a singaporean who has seconded overseas before. not uncommon in sg, quite a number of them. a good bridge for the working level staff who are locals and the expats/HQ who are whites.

local controlled companies masquerading as ang moh companies? they're happy with locals bc toxic loves toxic
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  #19428 (permalink)  
Old 23-08-2024, 12:02 AM
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scaq results day

Anyone cannot sleep
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  #19429 (permalink)  
Old 23-08-2024, 12:08 AM
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scaq results day

Anyone cannot sleep
Haven out leh 12am le.
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  #19430 (permalink)  
Old 23-08-2024, 12:11 AM
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Haven out leh 12am le.
When will it be out ?
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