​IS SOMETHING HOLDING YOU BACK?

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 to search for a new role is a big decision. For some, it may be very clear that the time has come to move on but for many there could be a number of different factors to take into account before polishing up your CV and searching for that dream next move.

Whilst it is always good to take time to think through your options before commencing your job search, if you keep putting it off, is there something holding you back and making you stay?

Have you got your feet well and truly under the table?

In your current role you know what you are doing and you are getting paid a good salary. But it may no longer offer you a challenge and your heart just isn’t quite in it anymore. You are comfortable – it may seem like the easy option to just carry on, but long term you could become increasingly dissatisfied with your position, your confidence will decrease and that dream role gets further and further out of reach.

What if you make the wrong decision?

This can be tricky, especially if you are not majorly unhappy but you know that to take the next step in your career a change will be necessary. Have a chat to a specialist recruiter who can help you to understand what you want to achieve in the longer term and map out the steps to achieve your goals.

Do you think you would be letting your boss or colleagues down?

Loyalty is important and is highly valued by employers and employees alike. You may have had a great opportunity before but if you can’t see where to go in your current company, it could be time to look elsewhere. It is difficult to leave behind team members – particularly if you have worked with them a long time and consider them friends. You may feel guilty that your departure could add to the workloads of others but remember, nobody is irreplaceable and you may open up new opportunities for others.

Could you be jumping out of the frying pan into the fire?

What if my next job is not any better than the one I’ve got? Look at what you don’t like about your current position and separate factors which relate to your job from the company and who you work with. This will help you determine if your reasons for change are mostly driven by a change of role or a change in organisation. A different company may be a better fit for you culturally or you may like to develop more in-depth knowledge within specialist areas.

Do you think you are too busy to look for a new job?

Searching for a new role can be time consuming and potentially difficult to find opportunities to attend interviews around your current employment. Research which recruitment experts specialise in your sectors – they will work hard on your behalf and be a useful conduit between yourself and potential employers.

What if you are rejected?

It’s only natural to not want to experience rejection but instead of letting that hold you back, research the role and prepare careful responses to demonstrate your knowledge and experience. Put yourself in a practice interview situation to hone your skills – and bear in mind that interviews are a two-way process so it’s a much about you finding out if the opportunity and company is right for you.

What’s the next step?

Arrange an informal appointment with an experienced recruitment consultant who will discuss with you the opportunities available and offer confidential career advice which can help you come to the right decision.

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 or recruitment needs.