ASK THE EXPERT - HOW TO CHOOSE BETWEEN JOB OFFERS

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.

Read article

I’ve been lucky enough to have been offered two jobs – what should I be looking at to make my decision about which one to accept?

First of all, congratulations! What a great result. For many this would be an enviable position to be in, but it is understandable that this can be a difficult decision to make – and it’s not one that you should feel rushed into making.

Let’s start off with what you shouldn’t do in this situation – don’t try to play each company off against each other. Whilst they have both selected you as their preferred candidate, if they sense that you are not genuine about wanting to come on board they could rethink their offer; and if both companies get that sense you could find yourself in a very tricky situation!

That is not to say that there shouldn’t be room for negotiation, however the sensible approach is to only negotiate with one company and in order to work out which is your preferred offer, there are a number of things that you need to take into consideration.

Don’t immediately assume that the offer that comes with the highest salary is automatically the ‘best’. There are many other factors which contribute to a strong job offer and you should weigh each of these up and apply the ‘benefit’ to where you are in your career and what you want to get out of the move.

Ask yourself:

What are the opportunities for progression?

A company might be offering a high salary now, but what opportunities can they offer for further growth and progression? Consider what you wanted to achieve career-wise from this move – does one company come closer to enabling you achieve your goals? Weigh up any differences in the role that you will be doing – are there aspects which interest you more than others? Do either offer further training opportunities? It can be easy to overlook some of these factors when presented with a more attractive salary but do not underestimate the value of job satisfaction and future opportunities.

Can you achieve a better work life balance?

Your reasons for looking for a new role might not be purely motivated by a desire to gain a promotion or undertake additional opportunities. If you are looking to achieve a better work life balance, then it is important to take into account each company’s approach to flexible working.

The last 12 months have made almost every company reconsider its homeworking policy so it’s important that you ask for clarity as to how they foresee these arrangements continuing in the short, medium and long term. You should also try to look ahead to a time when you may be more office based – does one company have a longer commute? Are there costs associated with parking or taking public transport that you need to account for?

Do they have a good reputation as an employer?

Whilst there are lots of areas that can be open to negotiation, the one element that you will not be able to change is the culture and values held by the organisation itself. What reputation do they have in the industry? Try to find out what you can from current or previous employees or see what their customers and clients are saying about what it is like to work with them. Also consider what your gut instinct told you in the interviews – did you get a good feeling from the interviewer? How did they sell the role and what is the company like to work for?

Making your choice

Take time to weigh up the pros and cons of each opportunity – and be honest with each company. A good company will understand that you need a little time to make your decision and shouldn’t try to rush you. However, bear in mind that they will have other candidates that they need to get back to so agree a timeframe and stick to it. Good luck!

Sharp Consultancy specialises in the recruitment of temporary, interim and permanent finance and accountancy professionals. With offices in Leeds and Sheffield our highly experienced team of consultants recruit for positions throughout Yorkshire and beyond. CONTACT US today for expert advice on your next career move.