Tuesday, August 30, 2011

I’m Closing My Firm


I’ve been quite busy these past two months. You see, I’ve finally decided to take the plunge. I’ve decided to close down my accounting firm after 4 years of running it.

Why?

Well, for personal reasons, reasons that are really too private for me to write about in a platform that is for public consumption.

How did I know I want to close the firm?

Well, I knew I had to make a decision when I realized I don’t have the drive anymore to run this firm. No matter what I tried, I just couldn’t revive my previous drive to do my job and to run this firm. I finally realized that it’s just unfair for my clients and for my staff if I continue doing something I no longer have the passion with, hence, my decision to close down.

So what am I doing right now?

I’m pretty much doing what I did when I left my previous employer 4 years ago. I’m talking to my clients, I’m talking to my close friends, I’m going to talk to my staff and I’m going to talk to the other people I have been involved with in the past 4 years or so. I know these are difficult tasks but then again, I’ve steeled myself to do all of them (again). I know it’s not easy (I’ve already experienced some odd questions and odd looks when I inform them that I’m closing down), and there will be negative (hopefully, not violent) reactions along the way but I’d like to think I’m prepared for them.

Next, what will I do?

Now this is the million – dollar question. You see, despite making this huge decision, I’m still undecided what I will do in the future. Do I go back to my previous employer, that big firm where I spent 8 years of my career? Do I go to an entirely new career different from this one (like perhaps online writing or outsourcing or online bookkeeping)? Or do I rest for a few months, think about what I really do want with my life, plan ahead and think about how I will stick to this plan? Or do I take up further studies in areas I am most likely to be interested in (believe me, I have quite a few that I want to study, and they’re not all related to accounting or auditing)? Or do I do a combination of all these things?

Will I regret closing down?

Uhm, I know I will not but ask me again in a few months’ time and I may give a more definite answer.

And I know I’m talking to myself in this post, but heck, I consider it good practice in my non-virtual life. I’ve already encountered some of these questions and I’m pretty sure I will encounter all of them by the time this year ends. 

Wednesday, August 17, 2011

30 Unique Career Paths with an Accounting Degree

Recently I ran across a blog posting from The Acclaimed Accountant that talks about 30 unique career paths that you can do with an accounting degree. The post is very interesting and is worth checking out and can give you creative ideas of what other options there are out for you as an accountant.



You can check out the post here.
http://www.mastersinaccounting.org/2011/30-unique-career-paths-with-an-accounting-degree/



Overall, while accounting is tedious and boring, having a bit of an accounting background certainly does give you an edge in the business environment. A lot of good entrepreneurs also have accounting backgrounds, if that is the route you want to go afterwards.


Tuesday, August 9, 2011

5.5 More Months to go!

In a bit over 5 and a half month’s time, I will become a CA, should I choose to finish up the experience requirements in the next half year. This year has been an extremely busy packed season with so much things going on at the same time.

I apologize for not keeping this blog as active as I should have, but I’m back for good now, and will be blogging regularly (I promise), and will be even doing a bit of a website design in the future, and adding lots of great resources for fresh prospective CA students.

With 5 months left until I become a CA, these are the available interesting career options and choices available to me:

Do I still within Big 4 and wait until I make manager before leaving industry?

Do I venture off into industry once I get my CA?

Will I go private or public?

Do I even want to make CA so fast?

Do I want to try a small accounting firm?

Do I answer all the headhunter calls I’m getting?

Do I take a break for awhile and try some other things?

I must say the future holds some interesting promise. One of my regrets and maybe it’s a “The grass is greener on the other side” kind of thing, is that I’ve been working at Big 4 environment since I was 19 years old at a co-op and I never had a summer off since then.

It was either in school getting CA credits or co-oping at Big 4. I feel pretty tired and feel a lot of youth sacrifice had to be made. I felt a lot of envy over my other non accounting friends who got to jump from job to job and try different things. Recently I read about the guy who had 52 jobs in 52 weeks, www.oneweekjob.com and I felt really envious.

Looking back, I might have chosen a different route. Now that I’m nearing the end of my journey, I feel there is a lot of soul searching for me to do still. I feel lots of people at Big 4 are the same way. They don’t really know what they want to do with their lives and are putting off thinking about it until they get their CA.

The worse thing I would imagine is to get your CA, and then leave to a industry job that is even worse. After auditing at a lot of industry jobs, I notice that the CA’s especially in financial reporting roles are very miserable and have worse jobs than at Big 4 in terms of the *shit* they have to deal with.

Time to think has begun.

The Accountant.