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NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 3:24 pm
by AbdiWahab252
Saxib,
What are the best certifications to get in the UK for someone relocating from the US who has a CPA accreditation ?
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 3:34 pm
by *Nobleman*
hows its going AW..
Depends on your field.
financial accounting- ACCA, probably the most recognised globally, but mos def the hardest to study for.
Management accounting- CIMA- More companies prefer cima, mainly for internal business decisions
Public accounting- CIPHA- i plan to do this one, not the most widley recognised but, public accounting pays well, plus less stress and more flexiable hours.
I'm not too sure what a CPA accreditation is, but if you have any accounting background, then you are likely to get some exemptions. Each course usually lasts 3 years, but if you get a lot of exemptions then you could complete it in half the time.
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 3:35 pm
by *Nobleman*
i would probably say ACCA is the best, its the most popular and held in the highest esteem.
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 3:39 pm
by AbdiWahab252
Thanks Nobleman.
So how is the market out there for someone with 8 years of experience as an auditor ?
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 3:50 pm
by *Nobleman*
Bro its pretty good, the amount of finance graduates, dont match the demand. I would say the UK is experiencing a boom in terms of jobs. I graduated in June 07 and was expecting to be unemployed for at least a year, but got s job within 2 months (alhamdulilah).
As for auditors, there also in big demand, ever since all the creative accounting and enron shit, they've been hot in demand.
On the downside a lot of my uni buddies work for the big four and they argue that the pressure is almost unbearable. 12 hr days, no lunch breaks and bullshit managers.
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 3:52 pm
by AbdiWahab252
Nobleman,
To be employed in the UK, you would need to have a Residence Card ? Do they give preference to UK citizens over legal aliens ?
In terms of employment, how does Manchester fair ?
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 4:11 pm
by *Nobleman*
Yeah i'm sure you will need some sort of work visa, but the british are pretty liberal when it comes to economic migration, sometimes i wonder if i'm in the UK or poland, India etc. They love Americans, because they pay the most taxes out of all foreign workers, therefore a work visa shouldnt be hard to obtain.
Also they love foreign workers, cos they work harder, but it usually comes down to experience, education etc
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 4:14 pm
by AbdiWahab252
Nobleman,
Cool. I know that the big 4 work their entry level staff into the ground. Here in the States they require that you get a CPA with in 4 years of working there. 12hr days are standard around tax season.
So what are the personal income taxes out there ? Do you need to buy health insurance or is it free (NHS) ?
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 4:16 pm
by *Nobleman*
As for manchester, the growth is pretty good, but London is the financial capital and where most jobs lie
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 4:17 pm
by *Nobleman*
Yeah the big four are nuts, that why i'm going into public accounting.
Money is pretty good for accountants
fully qualified- then your looking at a min of 35k plus.
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 4:19 pm
by AbdiWahab252
What are the personal income tax rates out there ?
Is health insurance free (NHS) or do you need to buy additional private insurance ?
35K for London doesn't sound a lot. How much does a typical flat (2bedrooms) in a decent area run ?
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 4:20 pm
by *Nobleman*
Health is free on the NHS, but its not the best care. But its made up through taxes 21% on income unders 35k, but 40% on income over 35k. Crazy rates, but not sure if it is the same for foreign workers
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 4:21 pm
by *Nobleman*
35k is the min i would say, personally in london, it would hit a min of 50k after substainal experience.
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 4:23 pm
by AbdiWahab252
Nobleman,
Taxes are comparable to those in the states.
How much does a flat go for ?
Re: NobleMan: I got some Accounting Questions
Posted: Wed Jan 09, 2008 4:24 pm
by *Nobleman*
wow rent and purchasing is crazy in london. Thats probably why i'll live at home for a couple of more years.
Demand for houses, dont meet supply and prices are through the roof. I stoped paying attention when a 2 bed falt was going for 200k in my area.