​WHO’S THE BOSS?

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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Starting a new job can be daunting, and taking up your first position at the helm of a team, department or company can present its own set of challenges. Whether you are the new person coming into an established group of employees or have been promoted within your existing organisation, what can you do to ensure that your step up into management is a success?

Making the move into management can be a tricky one; by this stage in your career, your ability to perform at a technical level has been proven but a leadership role is as much about motivating and inspiring others which means drawing more upon your communication skills, ability to build relationships and understanding emotional intelligence.

The performance of those you are responsible for will have a huge influence upon how you are viewed by your peers, senior managers and others within your team. Understanding how to get the best out of each individual, whilst meeting the objectives of the business and maintaining a motivated and happy workforce can be a tricky balance to achieve.

You may have to adapt your own style to suit those around you; what works for one may not have the same affect on another. And getting the required response and performance out of your team can be particularly challenging if you are stepping up and managing colleagues you previously worked with at the same level.

Here are our top suggestions to ensuring that your first few weeks in your new management role get off to a great start.

Get to know your team:

If you are joining a new company, it’s important that you get up to speed on who’s who as soon as possible. Learn as much as you can about each individual – their name, how long they have been with the company, what role they undertake, what they enjoy, what motivates them. Aim to spend some one-on-one time with each person early on so you can build up a great rapport from the outset. Invite people to share their views on what changes they would be keen to see but don’t introduce something just to win popularity points.

Find out about the company:

Arrange to spend some time with other managers at your level and key personnel in any departments you will be working closely alongside. Take on board any comments they make about the performance of your team or individuals within in, but be sure to form your own opinions before suggesting any changes. Similarly be careful in sharing your opinions about the direction you think the business should be heading; as a manager you will be expected to offer your view but being too opinionated without fully understanding the culture, vision and values of the business could see you making a poor first impression.

Be clear about what is expected:

Ensure that you understand what your boss expects from you in your new role and communicate to your team what you need from them to achieve success. Avoid any temptation to criticise your predecessor but instead explain why you would like to make any changes you plan to introduce and bring everyone on board. Make sure you establish clear lines of communication – especially in the early days – so you can be kept up to speed on how projects are progressing and can engage alternative strategies to address any issues which may arise along the way.

Work on your communication skills:

Everyone is different so be sure to take time to establish clear channels of communication with each person in your team – and remember, not everyone will respond in the same way so you will need to adjust your approach to get the best out of every individual. Also look to develop a good relationship with your own boss or company board and find out how they would like you to report into them. Are there regular management meetings? What will you need to produce by way of reports? What level of detail they wish to know? Establish how much they wish to know about what is happening on a day-to-day level and if they prefer to be kept up to speed by email, a phone call or a face-to-face meeting.

Take an empathic approach:

Being a good manager is also about recognising when your team members need support. If someone is underperforming, it is important to look to understand what issues may be having an effect and what solutions can be put in place to address the situation. Learning how to also recognise how your emotions affect your work will also play a significant part in addressing potential tricky situations and improve your communication and conflict resolution skills.

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 to find out more.