8 Comments
 

Nothing, you just do it. Depending on what country you live in you'll need your CPA or ACCA for assurance (audits and reviews) work. You don't need any qualifications to begin doing tax, compilations, consulting or bookkeeping etc. The easiest service is whichever you're best at and whichever provides the most money with the least effort. If you didn't know that I would suggest not opening a business until you figure some things out.

 
Cookies With MilkenNothing, you just do it. Depending on what country you live in you'll need your CPA or ACCA for assurance (audits and reviews) work. You don't need any qualifications to begin doing tax, compilations, consulting or bookkeeping etc. The easiest service is whichever you're best at and whichever provides the most money with the least effort. If you didn't know that I would suggest not opening a business until you figure some things out.
After I get my degree in acc&fin and finish up the ACCA exempted papers, I plan to work in big4 company to gain experince then later in future I wanna open up my own accounting firm to earn some big bucks.

What position suit me in big4 so I will have the experince to set-up my own firm? Advisory,auditting,taxation or assurance or even other?

 
Best Response
Greekgod
Cookies With MilkenNothing, you just do it. Depending on what country you live in you'll need your CPA or ACCA for assurance (audits and reviews) work. You don't need any qualifications to begin doing tax, compilations, consulting or bookkeeping etc. The easiest service is whichever you're best at and whichever provides the most money with the least effort. If you didn't know that I would suggest not opening a business until you figure some things out.
After I get my degree in acc&fin and finish up the ACCA exempted papers, I plan to work in big4 company to gain experince then later in future I wanna open up my own accounting firm to earn some big bucks.

What position suit me in big4 so I will have the experince to set-up my own firm? Advisory,auditting,taxation or assurance or even other?

None of them really. You should go to a middle market place, or do a year or two big 4 and leave as soon as you can. Big 4 deals predominately with issuers and as a small practice you won't have clients of that caliber. A lot of what you learn on the job will be for nothing when you start your practice. Smaller firms are basically just a bunch of accountants with their own book of business who share an office and other resources. Whatever you learn there you can take with you when you start your own shop. They'll basically be paying you to learn how to run your own place.

Good luck.

 
Cookies With Milken
Greekgod
Cookies With MilkenNothing, you just do it. Depending on what country you live in you'll need your CPA or ACCA for assurance (audits and reviews) work. You don't need any qualifications to begin doing tax, compilations, consulting or bookkeeping etc. The easiest service is whichever you're best at and whichever provides the most money with the least effort. If you didn't know that I would suggest not opening a business until you figure some things out.
After I get my degree in acc&fin and finish up the ACCA exempted papers, I plan to work in big4 company to gain experince then later in future I wanna open up my own accounting firm to earn some big bucks.

What position suit me in big4 so I will have the experince to set-up my own firm? Advisory,auditting,taxation or assurance or even other?

None of them really. You should go to a middle market place, or do a year or two big 4 and leave as soon as you can. Big 4 deals predominately with issuers and as a small practice you won't have clients of that caliber. A lot of what you learn on the job will be for nothing when you start your practice. Smaller firms are basically just a bunch of accountants with their own book of business who share an office and other resources. Whatever you learn there you can take with you when you start your own shop. They'll basically be paying you to learn how to run your own place.

Good luck.

I got the point what your trying to tell. After get any degree related to Accounting. Then do Acca. Join one of the big4 firm work for 2-3 years to add a value to my resume. Then jump ship to other small growing accounting firm. So by joining them, I will able to participate in everything not only 1 thing like just audit,tax,finance and others. After 2-3 years working in small firm, I will able to open up my very own firm. How about the client? Is it possible to have client from big companies?
 
Greekgod
kjlIn my opinion, tax gives you the best option of starting your own firm.
So your trying to say If I join Taxation position in Big4, I will have the essential experience to startup my own freelance and small firm?

I think if you do anything long enough, you could probably gain knowledge to start your own thing, provided you have the resources. My comment on tax is that, in my opinion, you'd have an easier time starting your own tax firm than strictly an audit firm.

GreekgodI got the point what your trying to tell. After get any degree related to Accounting. Then do Acca. Join one of the big4 firm work for 2-3 years to add a value to my resume. Then jump ship to other small growing accounting firm. So by joining them, I will able to participate in everything not only 1 thing like just audit,tax,finance and others. After 2-3 years working in small firm, I will able to open up my very own firm. How about the client? Is it possible to have client from big companies?

The key with starting your own firm, be it audit or tax or both, is to cultivate relationships and build a base of potential clientele. If you start a firm with no foreseeable clients, you're going to be in a world of hurt. It will be very difficult to pry away clients from a Big 4, namely big companies, for a multitude of reasons.

 

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