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Chartered Accountancy? How Lucrative Is It? - Career (4) - Nairaland

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Re: Chartered Accountancy? How Lucrative Is It? by Mexyz(m): 5:43pm On Nov 18, 2021
seunmsg:


Not anymore. They are everywhere in the public sector like flies over rotten food. They are ruining public sector accounting with their unprofessionalism and quackery.

You're not far from the truth though, even Nami(current FIRS Chairman) is an ANAN cert holder.
Re: Chartered Accountancy? How Lucrative Is It? by Muwq: 6:34pm On Nov 18, 2021
Very
Re: Chartered Accountancy? How Lucrative Is It? by Abdul4trust1(m): 6:48pm On Nov 18, 2021
quote author=seunolu7 post=107739114]Who swore for Nigerians on nairaland? Everything is job, job, job. No thread on how you people created a company that employed 15 people. No local initiative on startups, mergers, bootstrapping, and entering Nigerian stock market. Just look at india. All you clowns know is job, job, job. Can I get a job? Give me a job. Lol. Clowns.[/quote]where is the capital for start-up?
Re: Chartered Accountancy? How Lucrative Is It? by arthurwillia(m): 7:07pm On Nov 18, 2021
FemiZets:


Of course, you can get a job in UK but you must first register with the Institute of Chartered Accountants in England and Wales. The Institute of Chartered Accountants of Nigeria (ICAN) signed a Pathway MOU Agreement with The Institute of Chartered Accountants in England and Wales (ICAEW) on May 10, 2018. Under this Agreement, ICAN members may apply to become members of ICAEW with or without writing further examinations. My advice is for whoever to first register with ICAEW.

Wow please can I contact you, your mail please,I just need more clarification please
Thanks please

1 Like

Re: Chartered Accountancy? How Lucrative Is It? by arthurwillia(m): 7:08pm On Nov 18, 2021
Drefaithful:



I'm in final stage of ICAN, I have 3 papers left.

God help you boss..
Knew someone who did case study today..
Re: Chartered Accountancy? How Lucrative Is It? by Daniel7543: 7:16pm On Nov 18, 2021
seunolu7:
Who swore for Nigerians on nairaland? Everything is job, job, job. No thread on how you people created a company that employed 15 people. No local initiative on startups, mergers, bootstrapping, and entering Nigerian stock market. Just look at india. All you clowns know is job, job, job. Can I get a job? Give me a job. Lol. Clowns.
Please take a glass of chilled water and calm down.

1 Like

Re: Chartered Accountancy? How Lucrative Is It? by somehow: 7:18pm On Nov 18, 2021
Gerrard59:


Big fat lie!

Anyone with a bachelor degree or even HND (PwC) can get recruited as an entry level employee and even the accounting aspect does not apply across all departments as those in IT don't need to have an accounting or finance background/certification before being employed.

I know persons without accounting background who weren't chartered but work in KPMG and PwC. In fact, those I know without an accounting degree surpass those with one.

If you must lie, please lie intelligently.

Like I told the other person above, I don't have the luxury to argue.

It's called the big 4 for a reason.
Re: Chartered Accountancy? How Lucrative Is It? by arthurwillia(m): 7:34pm On Nov 18, 2021
hmohammed:
I am an accountant and earn 6 digits. Accounting is lucrative

Link me na boss
I’m the creator of the thread
You try mail?
Re: Chartered Accountancy? How Lucrative Is It? by Rapture4real(m): 8:31pm On Nov 18, 2021
Choose a career and. pursue it if you're convinced. Let nothing affects you. The profession that doesn't give money to one makes others to be rich. I'm a holder of ICAN AAT, leit ICAN in 2003 when it remained the last stage P. E II for me to qualify as a Chartered Accountant to pursue God's call. All professions have been saturated. Your personality and dexterity will stand you out. Let's not put money ahead of career.
Re: Chartered Accountancy? How Lucrative Is It? by ehemwhy(m): 8:58pm On Nov 18, 2021
Accounting is becoming less lucrative by the day ! Our numbers is becoming too much .

These days even non qualified accountants fill in and perform roles of the qualified ones seamlessly .

Accounting softwares are also not helping matters just understand your debit and credit and know when and where to post.

1 Like

Re: Chartered Accountancy? How Lucrative Is It? by blank(f): 9:10pm On Nov 18, 2021
arthurwillia:
So guys I’ve been wondering, chartered accountants every where, even my science guy has gone into ican and finished it already.. so I want to know how lucrative is it?

How easy is it for someone to get a job as a chartered accountant as a starter, like fresh out of school but already chartered?

Experienced people should answer...
Thanks

It's only lucrative for those working in a Big 4 firm and that's just to give you a boost to get a higher paying job eventually.

If you have plans to relocate, you can use it (ACCA) to get exemptions when converting to whatever country's CA.

Like any other profession, it's not that lucrative and so stressful to acquire.

I'm a chartered accountant but will not advise my kids to go into it not like they would listen. I didn't listen to my dad. It's a bloodsucking profession.

1 Like

Re: Chartered Accountancy? How Lucrative Is It? by arthurwillia(m): 9:30pm On Nov 18, 2021
blank:


It's only lucrative for those working in a Big 4 firm and that's just to give you a boost to get a higher paying job eventually.

If you have plans to relocate, you can use it (ACCA) to get exemptions when converting to whatever country's CA.

Like any other profession, it's not that lucrative and so stressful to acquire.

I'm a chartered accountant but will not advise my kids to go into it not like they would listen. I didn't listen to my dad. It's a bloodsucking profession.

This is very discouraging Sha, So even as a chartered accountant, it’s not working for you right?
Re: Chartered Accountancy? How Lucrative Is It? by successsam121: 9:57pm On Nov 18, 2021
Brunel:


But the Accountant General of the Federation has ANAN, not ICAN

Tell him. Ignorance is a very deadly disease. The only 2 recognised and approved processional accounting bodies by law of the land to date is ICAN and ANAN.
ANAN now has now upgraded the college of accountancy (govt approved), to a University of Accountancy and at the completion of the four year programme you bag Bsc Accounting and also become a processional accountant. You may even wish to enroll for your Masters degree in any Finance, Accounting or Auditing course. You can work anywhere the service a process accountant is required.
Gone are the days when ICAN used to monopolise the Accounting profession.
Re: Chartered Accountancy? How Lucrative Is It? by Focusmind: 11:16pm On Nov 18, 2021
Never knew that accounting would put food on my table. Studied Engineering and wasn't lucky with the much anticipated oil company. ICAN came to the rescue, and for more than a decade now, I am making a living as a Chartered Accountant.

It started becoming boring lately and I branched off towards international development and Social sciences.
Re: Chartered Accountancy? How Lucrative Is It? by SimpleGuy001: 11:44pm On Nov 18, 2021
Naijabad:
I wouldn't have been where I am today without ICAN.

After qualification, make sure you add some skills relevant to accounting such as excel skill, Sound knowledge of IFRS, Good knowledge of Nigerian tax laws and how to defend tax position, Knowledge of international finance, know how to recover excess bank charges from dubious banks (because 90% of Nigerian Banks are dubious), etc.

If you are good at the above, you will consult for other companies aside your primary place of employment.

What I have earned from side hustle is far more than what I currently earn per month, all thanks to FCA after my name.

As per difficulty, ICAN of today is one of the easiest exams any slowpoke can pass.

Good evening sir, as a graduate of accounting. What stage I’m i to start from and how long will it take be to be a chartered accountant assuming I pass all the exams.
Re: Chartered Accountancy? How Lucrative Is It? by Galacious1: 12:23am On Nov 19, 2021
delejoye:
very lucrative. even as an accountant not chartered though am doing well. it all depends on your level of competence,intelligence and years of experience.
it will sure put food on your table even as a starter. Accountants are the Doctors of business.
how much you dey earn boss?
Re: Chartered Accountancy? How Lucrative Is It? by amiibaby(f): 5:47am On Nov 19, 2021
arthurwillia:


Are you chartered?
yes
Re: Chartered Accountancy? How Lucrative Is It? by galantjoe(m): 6:12am On Nov 19, 2021
Chartered accountancy is lucrative nowadays. The job of chartered accountant is in high demand due to the following facts.
1. Increase in tax tantacles by the state and federal governments, so accountant comes in to cushion the impact by preparing financial reports on which these taxes will be based.
2. Increased in financial reportage. Due to need to align with international best practices and financial reporting council of Nigeria, SMEs now demand for service of chartered accountants
3. Globalization and cross border accounting
4. Absentee ownership wants accountants who know his onus to handle their finances when they re not around.
5. Stewardship relationship between management to directors/shareholders
6. Put your own
Re: Chartered Accountancy? How Lucrative Is It? by Gerrard59(m): 10:21am On Nov 19, 2021
somehow:


Like I told the other person above, I don't have the luxury to argue.

It's called the big 4 for a reason.

https://www.nairaland.com/2403757/working-big4-experience

https://www.nairaland.com/2682579/kpmg-temp-experience

Big fat liar!
Re: Chartered Accountancy? How Lucrative Is It? by hmohammed(m): 11:30am On Nov 19, 2021
Naijabad:



100,000 NGN is six digit.

yes 6 digits in dollars
Re: Chartered Accountancy? How Lucrative Is It? by Naijabad: 12:42pm On Nov 19, 2021
successsam121:


Tell him. Ignorance is a very deadly disease. The only 2 recognised and approved processional accounting bodies by law of the land to date is ICAN and ANAN.
ANAN now has now upgraded the college of accountancy (govt approved), to a University of Accountancy and at the completion of the four year programme you bag Bsc Accounting and also become a processional accountant. You may even wish to enroll for your Masters degree in any Finance, Accounting or Auditing course. You can work anywhere the service a process accountant is required.
Gone are the days when ICAN used to monopolise the Accounting profession.

Mention one good company in Nigeria that recognizes ANAN. Forget about your Accountant General. We know how politics, nepotism and ethnicity influences anything government.

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Re: Chartered Accountancy? How Lucrative Is It? by Naijabad: 12:44pm On Nov 19, 2021
SimpleGuy001:


Good evening sir, as a graduate of accounting. What stage I’m i to start from and how long will it take be to be a chartered accountant assuming I pass all the exams.

you start from skill. You can qualify in 1 year if you pass all levels at a sitting.
Re: Chartered Accountancy? How Lucrative Is It? by daintyprincess(f): 1:43pm On Nov 19, 2021
Mexyz:

If you see an Audit/Accounting Firm that can take you in, then no problem.

Are you in Lagos?
Yes, I am
Re: Chartered Accountancy? How Lucrative Is It? by daintyprincess(f): 1:48pm On Nov 19, 2021
ednut1:
they usually do 2.1 and above for the main audit firms. You can start from smaller firms and move to the bigger ones with experience gained.
Okay, thanks

It's to look out for big ones that accept 2.2 with experience
Re: Chartered Accountancy? How Lucrative Is It? by successsam121: 3:23pm On Nov 19, 2021
Naijabad:


Mention one good company in Nigeria that recognizes ANAN. Forget about your Accountant General. We know how politics, nepotism and ethnicity influences anything government.

And why should I forget about Accountant General? If u were offered his job, won't u take it? The only hope for many ICAN certified accountants is the so called big 4. Now, can every1 get the opportunity to work with these accounting/auditing firms. If u are in the private sector, get ICAN and if u are working in the public sector or a privately owned job, u are 100% cool with ANAN or else u have been scammed

Re: Chartered Accountancy? How Lucrative Is It? by arthurwillia(m): 6:38pm On Nov 19, 2021
amiibaby:
yes

Ok are you working in Lagos?
Re: Chartered Accountancy? How Lucrative Is It? by amiibaby(f): 7:04pm On Nov 19, 2021
arthurwillia:


Ok are you working in Lagos?
no am actually in jos
Re: Chartered Accountancy? How Lucrative Is It? by arthurwillia(m): 7:54pm On Nov 19, 2021
amiibaby:
no am actually in jos

Alright no problem
Re: Chartered Accountancy? How Lucrative Is It? by OkCornel(m): 9:21pm On Nov 19, 2021
That reminds me, if you know any chartered accountant currently practicing audit in the big four, BDO, Mazars, Grant Thornton seeking opportunities in the UK. The UK offices of these firms are recruiting for experienced hires from Assistant Manager to Senior Manager roles.

Pathway to UK citizenship in 6 years.

And yes, ICAN certification is accepted especially now there’s a pathway to convert to ICAEW
Re: Chartered Accountancy? How Lucrative Is It? by blank(f): 11:00pm On Nov 19, 2021
arthurwillia:


This is very discouraging Sha, So even as a chartered accountant, it’s not working for you right?

It's working for me because I joined one of the big 4 early and hot a fantastic job right after it. However, it's not been the same story for most of my classmates. Those that are successful is inspite of being a CA not because of it.

Cutting to the chase; join a recognized accounting firm and build your experience. That's really when your CA will count.
Re: Chartered Accountancy? How Lucrative Is It? by arthurwillia(m): 11:26pm On Nov 19, 2021
blank:


It's working for me because I joined one of the big 4 early and hot a fantastic job right after it. However, it's not been the same story for most of my classmates. Those that are successful is inspite of being a CA not because of it.

Cutting to the chase; join a recognized accounting firm and build your experience. That's really when your CA will count.

Thank you for that.. how will I know when they recruiting, the big 4 ma
Re: Chartered Accountancy? How Lucrative Is It? by Nobody: 7:13pm On Dec 07, 2021
SimpleGuy001:


Good evening sir, as a graduate of accounting. What stage I’m i to start from and how long will it take be to be a chartered accountant assuming I pass all the exams.

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