QUOTE(tannyboy91 @ Dec 12 2020, 03:54 PM)
So to those accounting grads out there, they won’t be missing out if they don’t join audit as their stepping stone career path?
If you know the business process flow well enough then you will have had a taste of 'street smarts' to in commercial firm in accounts role (since you already qualified accountant by virtue of professional cert/ACCA/degree etc).
Audit experience to me, no offense, is
a compressed crash course in learning the business process since you need to trace all the money is following the correct practices, i.e. no fudging accounts. Which is in effect you get to know what goes where
but not necessarily learn how a business is run in detail (w.r.t. marketing/product management/credit control). Essentially, you can trace and question where the money is coming from/flowing out/and is it recorded correctly according to acctg standards but sometimes a little bit of common sense needed,
I got asked by auditor (one of the big 4) before because they noticed there was a spike in ancillary side dish product sales.
The big picture - when a new MAIN product is launched and when number of total customers go up (because of that new MAIN product success),
then the ancillary side dish product also recorded a spike in sales (which should be attributed to the growth in customer base accordingly)