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Q: Big4 - Yearly salary increment

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  #8741 (permalink)  
Old 18-08-2022, 08:10 AM
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Analysis, forecasting and budgeting are an entirely different skill set and field, no?

Itís a bit of a stretch to even lump them under accounting as they have nothing to do with IFRS or FS.

Why even compare them to audit?
Accounting is not plainly just financial accounting (I.e IFRS, FS), there is management accounting also. If you look at certain FP&A positions quite a number of them require accounting knowledge

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  #8742 (permalink)  
Old 18-08-2022, 08:56 AM
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Accounting is not plainly just financial accounting (I.e IFRS, FS), there is management accounting also. If you look at certain FP&A positions quite a number of them require accounting knowledge
Hmm no doubt there is management accounting.

But most are us are CA-qualified and our areas of expertise or over financial reporting, assurance and tax.

You donít need a CA to do budgeting or forecasting.

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  #8743 (permalink)  
Old 18-08-2022, 04:11 PM
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Hmm no doubt there is management accounting.

But most are us are CA-qualified and our areas of expertise or over financial reporting, assurance and tax.

You donít need a CA to do budgeting or forecasting.
agreed.....

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  #8744 (permalink)  
Old 19-08-2022, 01:25 AM
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://afr.com/companies/professional-services/the-seven-slides-ey-used-to-pitch-its-split-to-staff-20220811-p5b93q

Another slide states that if there is a split, the auditing arm, AssureCo, will have estimated revenue of $US18 billion and be 100 per cent owned by partners staying in that business, while the consulting arm, NewCo, will have estimated revenue of $US24 billion and be a new corporate entity majority-owned by EY partners moving to the new standalone advisory business.

Not mentioned is how the firmís existing legal woes will be dealt with. EYís overseas operations have been at the centre of a string of high-profile audit failures.

EY was the auditor of Wirecard, a German payment processor that filed for insolvency in 2020 after admitting that Ä1.9 billion of cash on its books probably never existed. EY also audited Luckin Coffee, a Chinese coffee chain that filed for bankruptcy amid allegations its executives inflated income, costs and expenses.
****

Thoughts? Consulting trying to ditch audit arm to fend for itself. If EY splits up it's consulting arm, the auditors are screwed!
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  #8745 (permalink)  
Old 19-08-2022, 10:40 PM
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Does anyone know when will we know of compensation updates for yellow?
so far, no updates. nothing from the mgt
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  #8746 (permalink)  
Old 20-08-2022, 08:46 AM
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so far, no updates. nothing from the mgt
Disappointing. Always last at everything.
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  #8747 (permalink)  
Old 20-08-2022, 12:50 PM
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FP&A doesn't need CA or even need to be an accountancy graduate. Many directors/VP of fp&a in large mncs come from other degrees like economics and finance
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  #8748 (permalink)  
Old 20-08-2022, 04:43 PM
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Doesn't matter what fp&a needs. The fact is fp&a do hire ex-auditors. So if that's something you want, why not.
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  #8749 (permalink)  
Old 20-08-2022, 05:54 PM
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Doesn't matter what fp&a needs. The fact is fp&a do hire ex-auditors. So if that's something you want, why not.
Doesn't matter what fp&a needs. The fact is fp&a do hire non ex-auditors. So if that's something you want, why not.
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  #8750 (permalink)  
Old 21-08-2022, 12:19 AM
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FP&A doesn't need CA or even need to be an accountancy graduate. Many directors/VP of fp&a in large mncs come from other degrees like economics and finance
Does it mean CA is overhyped? Since you could even get into FP&A without CA. I even see the big bosses do not have CA (but they have masters in finance or have worked in MBB firms before)
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