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 Picking a major - Accounting, Picking a major

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hoonanoo
post Feb 7 2024, 09:06 AM

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QUOTE(OlgaC4 @ Dec 26 2023, 06:15 PM)
Waste time in accounting for degree. Strait go for professional course. ACCA

No ai can take away accounting
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I thought got accounting degree can get exemptions for ACCA ?
hoonanoo
post Feb 7 2024, 09:08 AM

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QUOTE(Blofeld @ Dec 31 2023, 10:55 AM)
Definitely safe

Ppl keep saying AI replacing accountants. = It's false.

It will only replace basic accounting data entry. So, those aunties working as accounts clerk might be worried spreading all those rumours.

Accountants are still needed at the higher level.

Supply more than demand? = False

In fact there's a shortage. U can google up news on this.

Don't listen to uncles/aunties telling you nonsense news
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depends on which accountancy.

Shared Services definitely require AI. But its not going to replace accountants soon, its going to make it more "efficient" and automated.

However, shared services only require Accountants at higher managerial levels to manage Accounts operations such as credit control, invoice/billing/collections, payment services, banking and treasury.

Accountants are still high demand esp for those in statutory reporting, audit and management reporting.
hoonanoo
post Feb 7 2024, 09:38 AM

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QUOTE(OlgaC4 @ Feb 7 2024, 09:34 AM)
can but why you want to waste time.
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I think its around the same time, depends on how smart you are.

But accountancy degree got advantage over ACCA.

Degree you got mix of other subjects like marketing, business, economics, commercial law.

You can actually branch out to other fields with degree unlike ACCA very specialised.
hoonanoo
post Feb 7 2024, 11:14 AM

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QUOTE(OlgaC4 @ Feb 7 2024, 10:52 AM)
You are wasting your time and your parents money. All other skill you can get when you are working. You need more experience fast.
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no, not necessary.

I see the degree holder pass ACCA 1-2 years after their degree.

Almost same time as the ACCA holder.

Unless you are CIMA, degree holder got more flexibility in getting jobs. ACCA, they only limit for reporting and audit. Even big 4, emphasis more on degree holder.

My friends who are partners at big 4 tells me they prefer degree holder more.
hoonanoo
post Feb 7 2024, 11:15 AM

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QUOTE(OlgaC4 @ Feb 7 2024, 11:00 AM)
statutory reporting, audit and management reporting all low pay salaries.

Aim for CFO. FC. MD.
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hello?

All the CFO and FC in large co, before they reached that level, they were all once in audit, mgmt and statutory reporting.

you cannot become CFO after graduation. Unless that co is your papa and mami or small co.
hoonanoo
post Feb 7 2024, 02:16 PM

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QUOTE(OlgaC4 @ Feb 7 2024, 12:12 PM)
Lazy to argue. Anyway big4 prefer degree because you cannot jump work unlike ACCA where you can go basically anywhere on earth.
ya you must start in low level but if you stay there you got monkey money.
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I won't say whether degree or ACCA has bigger advantages

Both of them has its own advantages.

Don't discount taking degree, because it will exempt most ACCA subjects.



 

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