25 Years ago today | Sharp Consultancy

Celebrating International Day of Accounting with David Cameron, Vice President of the LCASS

International Day of Accounting is an annual celebration to commemorate the publication of Luca Pacioli's book on double-entry bookkeeping in 1494 which is the bedrock of modern day accounting. In the modern day, International Day of Accounting is about the appreciation of the crucial work Accountants do and the recognition of their importance for business longevity and success. This year, we caught up with David Cameron of EY's Restructuring Team and Vice Presidentof the Leeds Chartered Accountants Student Society (LCASS) to gather his advice for those in the early days of their accounting career and insights about all things ACA.Starting a Career in Accounting 1.What advice would you give to someone just starting their career in accounting?I would say the sooner you realise that all of the exams require a fair amount of work and can’t be blagged (no matter how easy you found A-levels or university), the better. ACA is tough but I think it is certainly passable for most people, as long as you put the work in. The next big piece of advice I would give is if you go into the initial mundane tasks, when you first start, with a positive can-do attitude, it goes such a long way. The people who go into tasks with that outlook often find they move onto much more interesting tasks, quickly. Finally, the last tip I’d give to anyone starting out in accountancy is start building your network straight away, not only will it benefit your career in the end when everyone climbs the ranks together, it is even more beneficial from a social point of view at the junior levels. People you meet at networking events will become your friends and just enhance your overall experience when you are starting out. 2.How can recent graduates make themselves stand out to potential employers?It sounds cliché but I think showing your personality in an interview and just being yourself is something people feel as though they shouldn’t do. I really believe that that’s by far the easiest way to stand out. The majority of applicants will also have a great CV, the way you will stand out is by the employer thinking that they will enjoy working with you every day. Picking an ACA Specialism 3.Can you share some insights on the different specialisms available whilst studying ACA?Audit and Assurance:Examining financial statements and processes to verify accuracy and provide confidence to stakeholders through regulatory compliance. Tax:Advice on tax planning, compliance or strategy, dependent on what department of tax you’re in. Transactions:This could be a role in Mergers & Acquisitions/Corporate Finance, Transaction Due Diligence or Restructuring. 4.How did you decide on your own specialism, and what influenced your choice?I work within the Restructuring service line and absolutely love it. I’d always had a big interest in how businesses work operationally, and Restructuring allows me to assist businesses through times of distress with the hope that we can help to provide a solution to save/improve the business. Being in the service line I am in, it has allowed me to think outside the box and use problem solving at work as there is never the same solution for each business in a time of crisis, with solutions ranging from running an accelerated sale process of the business to possibly refinancing its existing debt. What the ACA Has to Offer5.What are the key benefits of pursuing the ACA qualification?First and foremost, the comprehensive skillset you acquire through completion of the ACA qualification shouldn’t be overlooked as it allows you to apply knowledge you have learnt from topics/exams usually unrelated to your usual job role to situations where it is required or even personal situations. I believe that the practical work experience you gain (at least 450 days of practical work experience) whilst completing your ACA enables you to improve your technical skills at a far quicker rate as you are utilising knowledge you have learnt at work on a daily basis, to better your understanding of the technical aspects, something which you don’t get to do at university or school. I would say the largest benefit is realistically the career flexibility and opportunities it allows you to have access to. As mentioned above, there are so many different avenues that you can go down through having an ACA qualification. If you don’t like one role, you can quite easily try something different. 6.How does the ACA prepare accountants for the challenges both inside and outside of the profession?As touched on above, the comprehensive knowledge gained from an ACA qualification is fantastic and can be applied to so many different scenarios outside of an accountancy role, such as personal tax planning or even the strong financial acumen gained to assist with running your own business. ACA also of course reiterates the importance of ethical behaviour and integrity throughout your studying period which helps instil such traits into students. Learnings from this will help students make correct decisions at work or even in their own personal life when faced with difficult choices. Personal Journey into Accountancy 7.Can you tell us about your journey into accountancy and what inspired you to choose this career?I joined the EY Leeds Restructuring team back in 2020 via the school leaver programme. I probably got unlucky with the year I joined given we were in the midst of the pandemic, however, what I was certain of even back then was no matter what, I still just wanted to get into work rather than continue full time education. I was keen on the potential qualifications I would come out of university with; however, I knew that I had always much preferred working throughout school than the education side of things. I was drawn to the Restructuring apprenticeship due to the element of problem solving involved and the opportunity to leverage commercial skills. Admittedly, I wasn’t overjoyed about the prospect of 15 ACA exams, however, I knew the end goal was worth it and provided some incentive. Four years later and I have completed my ACA and my apprenticeship. I’d recommend this path to many, for the experience and level of qualification I’ve been able to obtain by such a young age, coupled with the opportunity to meet so many people that will be mates for life. 8.Looking back, is there anything you would have done differently in your career path?Nothing I would change that’s in my control. It would’ve been ideal to have joined at a time outside of the pandemic as it did effect the social side of things for the first year or so. To find out more about the ACA click here.Looking for your next career move in finance or accountancy? At Sharp Consultancy, our expertise lies in matching your potential with the perfect temporary, interim, or permanent position. With a well-established presence in Leeds and Sheffield, our seasoned team of consultants extends their services across Yorkshire and beyond. Don't wait for opportunity to knock, reach out to us TODAYand let's chart your career path together.

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…I joined Sharp Consultancy. That’s 25 years!
I’m not quite sure how it happened, one minute I’m a fresh faced 25 year old embarking on a change of career (several years in banking prior) and the next….well, I’m not so fresh faced!
Recruitment is a notoriously high attrition industry and additionally, many in recruitment don’t practice what they preach when it comes to career management (i.e. don’t job hop). I therefore thought I’d take a moment to reflect on what has kept me in the industry for so long, with the same business for so long and just as passionate and enthusiastic about this industry as I have ever been.
First though, a few thoughts on that career management point. If you are going to have a long and fruitful career at anything, there are going to be storms you have to weather. There are going to be lots and lots of opportunity to give up. Many of us like reading about or listening to sporting superstars or tremendously successful businesspeople, the ‘How to’ books sell in their millions. We quote them, talk about their dedication and commitment, their sacrifice and pain, the dark days and the could easily give up days – we get it, we understand why they made it against the odds – and then we do exactly the opposite.
The last 25 years has had many storms – there was the dot com bubble bursting, the worst recession for a generation after the banking led crisis in 2008, the worst recession for 300 years with the pandemic (not to mention the pandemic itself) and of course there’s one’s own demons and challenges that have to be faced. Business and life ebbs and flows (Eckhart Tolle’s book The Power of Now covers this really well – great book by the way) and is not constant. It all must be weathered. Manage the difficult times – excel in the better times….ebb and flow.
Back to my main point – why this industry and this business for so long? Sharp Consultancy’s strap line is ‘Great people are our business’. I like it – it works on different levels and its great people that make this job what it is. In what other industry do you have so many peoples hopes and dreams in your hands? In what other industry can you make such a major impact on someone’s career and future? – after all, one’s job affects every aspect of one’s life. For some this role is just transactional – get someone a job. Get a client a new employee. Just a transaction. But for me that’s just the veneer, what we do matters, and I absolutely love it – we aren’t supplying office stationery we’re supplying human beings with all the emotions and complications and possibilities that brings.
Then there are the people I have and do work with. There have been many amazing people with shared values and beliefs. We have and continue to share in each other’s aspirations, we’ve shared pain and we’ve shared great success. I have learned so much from them and I hope they have learned things from me. The business has given me every opportunity I have wanted – all I have had to do is reach out and grasp it. How many businesses really offer that?
Technology is having an impact on recruitment and it isn’t all positive – technology can remove the advisory element, the personal touch and make the process cold and transactional, it can remove the ‘person’ from the hiring process - like marrying someone you’ve never met because you are a ‘match on paper’. Despite this, I believe we have an amazing industry which still has an immense opportunity to make a difference to the success of businesses and even more importantly, to the future careers and lives of individuals; who would ever want to give that up?
With the challenges of the last year beginning to ebb away I look forward to what I believe will be many more wonderful years to come in this fascinating industry (unfortunately probably not another 25 though).