This document provides a summary of challenges and opportunities in the accountancy and finance sector in 2016. It notes several skill gaps that are developing, including: 1) It is getting harder to find financial controllers for SMEs with the necessary experience; 2) There is a shortage of technical accountants with niche expertise in areas like reporting and auditing; 3) There are fewer part-qualified accountants with broad experience to fill demand. Recent economic conditions have contributed to these gaps through business closures, cost-cutting, and reduced training for staff.
This document provides an overview of career opportunities for newly qualified chartered accountants, outlining roles in industry & commerce, financial services, and international opportunities. It discusses sectors like retail, technology, manufacturing and various accountancy roles including management accounting, financial accounting, compliance, internal audit, and tax. The document encourages accountants to choose a career path that interests them and allows them to develop their skills and achieve long term goals.
The document provides information on 12 different careers in finance, including investment bankers, financial analysts, venture capital analysts, chief financial officers, portfolio managers, risk analysts, treasurers, credit managers, cash managers, benefits officers, personal financial advisors, and real estate officers. It details the typical job responsibilities, qualifications, and average salaries for each role. The document also discusses popular finance certification courses and the top courses in finance such as Chartered Accountant, Company Secretary, and Cost and Management Accountant. It provides an overview of the structure and fees associated with each course.
Are credit reports damaging your business? Changes to regulations are affecting corporate credit scores. What can you do to improve your credit rating and win new business?
This document discusses different types of working capital financing for businesses. It begins by defining working capital and explaining its importance for meeting short-term obligations and managing cash flow. There are two main types of working capital needed - permanent working capital to continuously operate, and cyclical working capital to address seasonal needs. Common sources of working capital financing include lines of credit, accounts receivable loans, factoring, inventory loans, and term loans. Each option has different terms, costs, and suitability depending on a company's specific financing needs and situation. Development finance aims to help businesses obtain appropriate working capital financing.
This presentation was made at the Washington Area Community Investment Fund (Wacif). This presentation goes over how to use financial statements and tools to make decisions.
The document is an investor presentation for Command Center, Inc. that provides an overview of the company. It summarizes that Command Center is a nationwide provider of on-demand and temporary staffing solutions with 55 branch offices across 22 states. Under new management installed in 2013, the company has improved profitability through cost reductions and investing in operations. The presentation outlines the company's strategy to focus on quality customer service and expand into new markets organically and through acquisitions to continue driving growth and profitability.
1) Renata Limited is one of the leading pharmaceutical companies in Bangladesh that manufactures human and animal health products. It has the goal of becoming one of the best innovative generic drug companies.
2) Renata Limited has adequate working capital per day based on an analysis of its current assets, current liabilities, and working capital cycle from 2014.
3) The cash budget for Renata Limited in 2014 shows a cash surplus, though interpretation is limited without estimated data for comparison. The cash budget allows evaluation of the company's cash inflows, outflows, and financing needs.
This document provides an overview of career opportunities for newly qualified chartered accountants, outlining roles in industry & commerce, financial services, and international opportunities. It discusses sectors like retail, technology, manufacturing and various accountancy roles including management accounting, financial accounting, compliance, internal audit, and tax. The document encourages accountants to choose a career path that interests them and allows them to develop their skills and achieve long term goals.
The document provides information on 12 different careers in finance, including investment bankers, financial analysts, venture capital analysts, chief financial officers, portfolio managers, risk analysts, treasurers, credit managers, cash managers, benefits officers, personal financial advisors, and real estate officers. It details the typical job responsibilities, qualifications, and average salaries for each role. The document also discusses popular finance certification courses and the top courses in finance such as Chartered Accountant, Company Secretary, and Cost and Management Accountant. It provides an overview of the structure and fees associated with each course.
Are credit reports damaging your business? Changes to regulations are affecting corporate credit scores. What can you do to improve your credit rating and win new business?
This document discusses different types of working capital financing for businesses. It begins by defining working capital and explaining its importance for meeting short-term obligations and managing cash flow. There are two main types of working capital needed - permanent working capital to continuously operate, and cyclical working capital to address seasonal needs. Common sources of working capital financing include lines of credit, accounts receivable loans, factoring, inventory loans, and term loans. Each option has different terms, costs, and suitability depending on a company's specific financing needs and situation. Development finance aims to help businesses obtain appropriate working capital financing.
This presentation was made at the Washington Area Community Investment Fund (Wacif). This presentation goes over how to use financial statements and tools to make decisions.
The document is an investor presentation for Command Center, Inc. that provides an overview of the company. It summarizes that Command Center is a nationwide provider of on-demand and temporary staffing solutions with 55 branch offices across 22 states. Under new management installed in 2013, the company has improved profitability through cost reductions and investing in operations. The presentation outlines the company's strategy to focus on quality customer service and expand into new markets organically and through acquisitions to continue driving growth and profitability.
1) Renata Limited is one of the leading pharmaceutical companies in Bangladesh that manufactures human and animal health products. It has the goal of becoming one of the best innovative generic drug companies.
2) Renata Limited has adequate working capital per day based on an analysis of its current assets, current liabilities, and working capital cycle from 2014.
3) The cash budget for Renata Limited in 2014 shows a cash surplus, though interpretation is limited without estimated data for comparison. The cash budget allows evaluation of the company's cash inflows, outflows, and financing needs.
As operational due diligence becomes ever more important in attracting and retaining investor capital, should a fund manager consider obtaining the services of a CFO or an outsourced CFO? Here is an article I published in HFMWeek discussing this issue.
As an entrepreneur, your goal is to build a business that will grow for years to come. Review our presenters' slides with notes to show you how you can increase the value of your business, retain employees and evaluate growth options to achieve maximum success. Also learn about increasing the value of your business, leasing, franchising, and purchase & sale agreements.
To view our video coverage of the event, visit: http://www.welchllp.com/resource-centre/videos/events/
Geary Reid is applying for a position as Chief Accountant. He has over 15 years of work experience, including 10 years in managerial roles. Currently he is the Chief Accountant at the University of Guyana, where he supervises the accounts department and 15 staff members. Reid has an ACCA qualification and is proficient in accounting software like Oracle and spreadsheet programs. He is seeking new challenges and hopes to further his education with an MBA.
LeLaw - Legal Strategy Support Services BrochureAfolabi Elebiju
This document summarizes the consulting services offered by LeLaw Legal to law firms. LeLaw provides strategy support, capacity enhancement, training, mentoring, human capital services, and advisory services to help law firms with mission/vision, succession planning, operational performance, project staffing, training programs, mentoring, recruitment/compensation, and general business/operational issues. Their services are led by Principal Afolabi Elebiju, who has decades of experience working for major law and consulting firms in Nigeria.
Glocap Search is a recruiting firm focused on placing investment professionals in hedge funds, private equity, and venture capital. They have placed over 1,000 professionals and have offices in New York, San Francisco, and other locations nationwide with over 40 staff. For post-MBA candidates, they help place individuals in roles such as operations, finance, trading, research, and portfolio management at hedge funds as well as other buy-side firms including long-only funds, real estate, family offices, and fund of funds/allocators. Glocap provides insights on positioning yourself for these roles and tactics for landing jobs in the investment management industry.
Executive remuneration has many objectives – including retention, reward and incentivisation. In a world of regulation, scrutiny and complexity, it has become more and more evident that this is an expert field, where specialist advice is required.
where specialist advice is required.
EBITDA and Other Scary Words (Series: MBA Boot Camp)Financial Poise
This webinar explores the ins and outs of financial language and how you can navigate the seeming labyrinth of a language that can sound foreign and in some ways counterintuitive. This webinar teaches the correct use of EBIT, EBITDA and EBITDAR while also dealing with concepts like Cap Rate vs. Capital Cost. This webinar also sheds light on issues with ROI and Payback among other valuation tools and explains what a Cash Conversion Cycle looks like for your business.
To view the accompanying webinar, go to:https://www.financialpoise.com/financial-poise-webinars/ebitda-and-other-scary-words-2021/
Mergers & Acquisitions Strategy White PaperFranCnsult
The document discusses a client's strategy of acquiring private companies through mergers and exchanges of shares to become wholly owned subsidiaries. This provides ownership liquidity for private companies while allowing current management to maintain operational control. The client seeks profitable companies with strong management to join this cooperative network to access growth capital and tax advantages. The structure involves issuing exclusive series of preferred shares to provide owners rights and attract investors through dividend payments. The goal is to expand businesses through creative financing while maintaining autonomy.
Recently, James Darnell, partner at KLH Capital, gave a presentation to the Business Brokers of Florida. The aim of the presentation was to present actionable ways to unlock shareholder liquidity.
This document provides a business plan for a new company. It includes an executive summary, one-page business proposal, business overview, feasibility analysis, and action plan. The business overview describes the company goals, organization, products/services, target market, competition, and financial projections. The feasibility analysis includes 5-year financial forecasts, assumptions, and ratio analysis. The action plan outlines key steps to register the business and achieve objectives.
EBITDA and Other Scary Words (Series: MBA Boot Camp 2020) Financial Poise
This webinar explores the ins and outs of financial language and how you can navigate the seeming labyrinth of a language that can sound foreign and in some ways counterintuitive. This webinar teaches the correct use of EBIT, EBITDA and EBITDAR while also dealing with concepts like Cap Rate vs. Capital Cost. This webinar also sheds light on issues with ROI and Payback among other valuation tools and explains what a Cash Conversion Cycle looks like for your business.
To listen to this webinar on demand, go to: https://www.financialpoise.com/financial-poise-webinars/ebitda-and-other-scary-words-2020/
The document is a cover letter and resume submitted by Jitendra Prasad for a strategic finance role. The cover letter highlights Prasad's over 25 years of experience in finance and accounting roles in the UAE construction and steel industries. It outlines his accomplishments, including extensive experience in financial compliance and management, developing accounting procedures, and strong IT and accounting software skills. The attached two-page resume provides further details on Prasad's educational background, skills, and work experience in senior finance and accounting roles in India and the UAE over the past 25 years.
Etonien is an elite provider of interim CFO and controller services, employing accounting and finance professionals to provide project, interim, and interim-to-hire assignments. They offer a range of financial services including interim CFO/controller placement, M&A support, accounting, financial planning and analysis, Sarbanes-Oxley compliance, internal audit support, financial systems solutions, tax services, and CFO mentoring. Etonien consultants have extensive experience in Fortune 1000 companies, private equity environments, and privately-held businesses.
1) Ajay Mahajan has over 22 years of experience in finance, accounting, taxation, and operations management in various industries. He is currently the Chief Financial Officer of KR Pulp & Papers Ltd, a Rs. 500 crore company.
2) His previous roles include Chief Financial Officer of Energetic Lighting India Pvt Ltd, a joint venture between Indian and Chinese companies, and Chief Financial Officer of Koutons Retail India Ltd, a listed men's wear manufacturing company.
3) He has extensive experience in fundraising, financial reporting, taxation, and ensuring regulatory compliance.
Timothy Taylor is an experienced CFO and financial executive with over 30 years of experience in public accounting, consulting, and senior management roles. He has a track record of guiding companies to double-digit annual growth through strategic planning, operational improvements, and financial management. Currently, he provides consulting services to start-ups and growing companies, helping with financial modeling, accounting systems, and strategic guidance.
The document summarizes a company's first quarter 2008 earnings conference call. It discusses challenges faced by weak equity markets and volatility in credit markets. While earnings were lower than desired, the company's financial foundation remains strong with high client retention rates. The company is focused on executing its long-term strategy and emerging from the downturn in a good position.
Breaking through insurance agencies revenue plateausCapresults
ATFI was formed to educate the public about the impacts that tolls on interstate highways has on our communities. Provides details on why interstate highway tolls not solving our transportation needs with toll free roads. Join ATFI and help fight interstate tolls with toll free system.
Lincoln Accounting & Finance Market Update Q3 2016Maria Fogarty
Demand for accountants remained steady in the last quarter, with the highest demand being for newly qualified accountants, financial accountants with 2+ years experience, and finance managers/controllers. While some clients prefer candidates with experience at large accounting firms, others consider those with industry experience. Looking ahead to the next quarter, healthy demand is expected in the consumer goods, telecommunications, consumer services, and energy sectors.
3 significant responsibilities of financial manage convertedJosephine Linnea
As the number of businesses across Canada increases, so is the demand for qualified and experienced Finance Managers. It has kick started a chain reaction where the high demand has influenced young graduates to opt for the financial management profession, which has, in turn, increased the demand for change management assignment help and tuitions services.
As operational due diligence becomes ever more important in attracting and retaining investor capital, should a fund manager consider obtaining the services of a CFO or an outsourced CFO? Here is an article I published in HFMWeek discussing this issue.
As an entrepreneur, your goal is to build a business that will grow for years to come. Review our presenters' slides with notes to show you how you can increase the value of your business, retain employees and evaluate growth options to achieve maximum success. Also learn about increasing the value of your business, leasing, franchising, and purchase & sale agreements.
To view our video coverage of the event, visit: http://www.welchllp.com/resource-centre/videos/events/
Geary Reid is applying for a position as Chief Accountant. He has over 15 years of work experience, including 10 years in managerial roles. Currently he is the Chief Accountant at the University of Guyana, where he supervises the accounts department and 15 staff members. Reid has an ACCA qualification and is proficient in accounting software like Oracle and spreadsheet programs. He is seeking new challenges and hopes to further his education with an MBA.
LeLaw - Legal Strategy Support Services BrochureAfolabi Elebiju
This document summarizes the consulting services offered by LeLaw Legal to law firms. LeLaw provides strategy support, capacity enhancement, training, mentoring, human capital services, and advisory services to help law firms with mission/vision, succession planning, operational performance, project staffing, training programs, mentoring, recruitment/compensation, and general business/operational issues. Their services are led by Principal Afolabi Elebiju, who has decades of experience working for major law and consulting firms in Nigeria.
Glocap Search is a recruiting firm focused on placing investment professionals in hedge funds, private equity, and venture capital. They have placed over 1,000 professionals and have offices in New York, San Francisco, and other locations nationwide with over 40 staff. For post-MBA candidates, they help place individuals in roles such as operations, finance, trading, research, and portfolio management at hedge funds as well as other buy-side firms including long-only funds, real estate, family offices, and fund of funds/allocators. Glocap provides insights on positioning yourself for these roles and tactics for landing jobs in the investment management industry.
Executive remuneration has many objectives – including retention, reward and incentivisation. In a world of regulation, scrutiny and complexity, it has become more and more evident that this is an expert field, where specialist advice is required.
where specialist advice is required.
EBITDA and Other Scary Words (Series: MBA Boot Camp)Financial Poise
This webinar explores the ins and outs of financial language and how you can navigate the seeming labyrinth of a language that can sound foreign and in some ways counterintuitive. This webinar teaches the correct use of EBIT, EBITDA and EBITDAR while also dealing with concepts like Cap Rate vs. Capital Cost. This webinar also sheds light on issues with ROI and Payback among other valuation tools and explains what a Cash Conversion Cycle looks like for your business.
To view the accompanying webinar, go to:https://www.financialpoise.com/financial-poise-webinars/ebitda-and-other-scary-words-2021/
Mergers & Acquisitions Strategy White PaperFranCnsult
The document discusses a client's strategy of acquiring private companies through mergers and exchanges of shares to become wholly owned subsidiaries. This provides ownership liquidity for private companies while allowing current management to maintain operational control. The client seeks profitable companies with strong management to join this cooperative network to access growth capital and tax advantages. The structure involves issuing exclusive series of preferred shares to provide owners rights and attract investors through dividend payments. The goal is to expand businesses through creative financing while maintaining autonomy.
Recently, James Darnell, partner at KLH Capital, gave a presentation to the Business Brokers of Florida. The aim of the presentation was to present actionable ways to unlock shareholder liquidity.
This document provides a business plan for a new company. It includes an executive summary, one-page business proposal, business overview, feasibility analysis, and action plan. The business overview describes the company goals, organization, products/services, target market, competition, and financial projections. The feasibility analysis includes 5-year financial forecasts, assumptions, and ratio analysis. The action plan outlines key steps to register the business and achieve objectives.
EBITDA and Other Scary Words (Series: MBA Boot Camp 2020) Financial Poise
This webinar explores the ins and outs of financial language and how you can navigate the seeming labyrinth of a language that can sound foreign and in some ways counterintuitive. This webinar teaches the correct use of EBIT, EBITDA and EBITDAR while also dealing with concepts like Cap Rate vs. Capital Cost. This webinar also sheds light on issues with ROI and Payback among other valuation tools and explains what a Cash Conversion Cycle looks like for your business.
To listen to this webinar on demand, go to: https://www.financialpoise.com/financial-poise-webinars/ebitda-and-other-scary-words-2020/
The document is a cover letter and resume submitted by Jitendra Prasad for a strategic finance role. The cover letter highlights Prasad's over 25 years of experience in finance and accounting roles in the UAE construction and steel industries. It outlines his accomplishments, including extensive experience in financial compliance and management, developing accounting procedures, and strong IT and accounting software skills. The attached two-page resume provides further details on Prasad's educational background, skills, and work experience in senior finance and accounting roles in India and the UAE over the past 25 years.
Etonien is an elite provider of interim CFO and controller services, employing accounting and finance professionals to provide project, interim, and interim-to-hire assignments. They offer a range of financial services including interim CFO/controller placement, M&A support, accounting, financial planning and analysis, Sarbanes-Oxley compliance, internal audit support, financial systems solutions, tax services, and CFO mentoring. Etonien consultants have extensive experience in Fortune 1000 companies, private equity environments, and privately-held businesses.
1) Ajay Mahajan has over 22 years of experience in finance, accounting, taxation, and operations management in various industries. He is currently the Chief Financial Officer of KR Pulp & Papers Ltd, a Rs. 500 crore company.
2) His previous roles include Chief Financial Officer of Energetic Lighting India Pvt Ltd, a joint venture between Indian and Chinese companies, and Chief Financial Officer of Koutons Retail India Ltd, a listed men's wear manufacturing company.
3) He has extensive experience in fundraising, financial reporting, taxation, and ensuring regulatory compliance.
Timothy Taylor is an experienced CFO and financial executive with over 30 years of experience in public accounting, consulting, and senior management roles. He has a track record of guiding companies to double-digit annual growth through strategic planning, operational improvements, and financial management. Currently, he provides consulting services to start-ups and growing companies, helping with financial modeling, accounting systems, and strategic guidance.
The document summarizes a company's first quarter 2008 earnings conference call. It discusses challenges faced by weak equity markets and volatility in credit markets. While earnings were lower than desired, the company's financial foundation remains strong with high client retention rates. The company is focused on executing its long-term strategy and emerging from the downturn in a good position.
Breaking through insurance agencies revenue plateausCapresults
ATFI was formed to educate the public about the impacts that tolls on interstate highways has on our communities. Provides details on why interstate highway tolls not solving our transportation needs with toll free roads. Join ATFI and help fight interstate tolls with toll free system.
Lincoln Accounting & Finance Market Update Q3 2016Maria Fogarty
Demand for accountants remained steady in the last quarter, with the highest demand being for newly qualified accountants, financial accountants with 2+ years experience, and finance managers/controllers. While some clients prefer candidates with experience at large accounting firms, others consider those with industry experience. Looking ahead to the next quarter, healthy demand is expected in the consumer goods, telecommunications, consumer services, and energy sectors.
3 significant responsibilities of financial manage convertedJosephine Linnea
As the number of businesses across Canada increases, so is the demand for qualified and experienced Finance Managers. It has kick started a chain reaction where the high demand has influenced young graduates to opt for the financial management profession, which has, in turn, increased the demand for change management assignment help and tuitions services.
This document provides an overview of a seminar on formulating strategies and action plans for financial stability during slow economic periods. The seminar agenda covers available government assistance programs, managing late payments, tax computation, and a question and answer session. The presentation discusses analyzing financial statements, developing a target financial situation and steps to close the gap between the current and target situations. It also outlines government grant programs for small businesses, including the Innovation and Capability Voucher and Capability Development Grant. The presentation provides examples of how these grants can be used to improve financial management and support business growth.
The document provides a summary of the 2015 salary survey conducted by RK Accountancy and Finance Professionals in the North West and Yorkshire regions. It finds that entry-level salaries in clerical accounting roles such as accounts payable and payroll have increased as expectations have risen. Conversely, some part-qualified vacancies saw slightly lower entry salaries as businesses sought candidates based on non-salary factors. The survey provides salary ranges for various clerical, part-qualified, and qualified accounting roles in both regions.
The document discusses the challenges facing chief financial officers in closing the 2020 financial year due to the COVID-19 pandemic. It notes that staff may be working remotely, disruptions occurred, and systems/controls changed. Business conditions also changed as supply chains were disrupted and strategies changed. As a result, the CFO faces more issues than ever in the 2020 financial closing. The presentation then outlines the role of the CFO and some potential issues they may face in the closing.
The document provides an overview of the media sector market by Ryan Speed. It notes that the media sector is cautiously optimistic despite negative press about the economy. Organic growth is occurring alongside sector consolidation. New media platforms are thriving while internet platforms have seen increased investment. Publishing output and film production have improved due to tax changes and a weak pound. Recruitment is driven by staff turnover rather than expansion. The finance function requires confident communicators with specialist skills to drive change and transformation projects.
LauberCFOs provides part-time CFO, interim CFO, and financial project resources to small and mid-sized businesses. Their team of 18 experienced CFOs work with over 40 clients, providing strategic financial leadership. Services include financial reporting, projections, accounting work, and more. LauberCFOs has extensive experience in industries like manufacturing, distribution, and services, with clients ranging from $1-10M to $10M+ in revenue. They recruit experienced financial professionals and aim to add long-term strategic value for clients.
The document summarizes the outlook for the change management sector in financial services in 2016. It notes that key regulations from 2015 around banking reform, Dodd Frank, and EMIR will continue to be a major focus area. Demand will remain high for project professionals with regulatory, compliance, and risk expertise to help with embedding new rules. Strategic initiatives around systems implementations and new product launches are also expected to increase in 2016 as markets recover. Improving customer experience, particularly through digital channels, will be an emphasis for retail and corporate banking functions. Overall, the economic recovery is projected to continue driving increased recruitment demand across the financial services industry in 2016.
The document summarizes the outlook for the change management sector in financial services in 2016. It notes that key regulations from 2015 around banking reform, Dodd Frank, and EMIR will continue to be a major focus area. Demand will remain high for project professionals with regulatory, compliance, and risk expertise to help with embedding new rules. Strategic initiatives around systems implementations and new product launches are also expected to increase in 2016 as markets recover. Improving customer experience, particularly through digital channels, will be an emphasis for retail and corporate banking functions. Overall, the economic recovery is projected to continue driving increased recruitment demand across the financial services industry in 2016.
CashPerform has a unique offering that facilitates efficiency in the cash conversion cycle to recover cash from suppliers, customers and internal efficiences. This translates into Working Capital Optimisation
The operations market has remained busy in 2016, with increased hiring in middle office roles like trade support and regulatory specialists. Demand has also grown for operational support roles in buy-side firms to help diversify portfolios. Looking ahead, regulatory-driven roles and areas like client onboarding, OTC clearing, and trade support are expected to see continued hiring. The market remains candidate-short, especially for specialists, and salaries may increase 5-10% across key roles in 2016. Temporary contract needs have grown for regulatory reporting expertise in EMIR, Dodd-Frank, and other regulations.
In today's increasingly competitive business environment, organizations are engaged in a rat race to retain customers, build up clientele and simultaneously ensure steady growth. Unfortunately, they often get caught in a web of issues which may not be easily controlled and affect performance. Here comes the play of Financial Accounting. Professional accountants have a vital role in commercial success by using their valuable knowledge to provide their organizations/clients a competitive advantage and an accurate picture of their financial position and performance.
The Corner Office, Ltd was founded in 2013 by Catherine Fox-Simpson, CPA to provide trusted advisory services to middle market companies. It aims to fill a gap for businesses needing expertise to navigate technical issues, projects, and changes following increased regulations from Sarbanes-Oxley. The Corner Office offers a variety of financial, accounting, tax, and operational consulting services to help clients at different stages of growth and during ownership transitions.
Shariq Ullah Khan is an experienced finance professional seeking a challenging position utilizing his skills and improving his knowledge. He has over 9 years of experience in finance and accounting management with multinational companies in Saudi Arabia. He is a certified Associate of Cost & Management Accountants and has partially completed the ACCA qualification. His experience includes spearheading financial process improvements and internal controls at Almarai, one of the largest food companies in the world, as well as manager-level roles at other organizations managing their finance functions.
The document provides an overview of the outlook for various roles in financial services in 2016. It discusses trends in areas such as corporate and financial institutions coverage, syndications, real estate, leveraged finance, and high yield. Compensation is expected to be down across most roles compared to 2015 due to smaller bonus pools, with the largest decreases for lower performers. Demand remains highest for candidates with strong origination experience and sector expertise.
Page Executive / Michael Page Front Office Banking & Asset Management Salary ...Tara Bagley
Our 2016 London salary survey is complete. Please contact us if you have any questions regarding our findings and we look forward to working with you in 2016.
Even if your accounting and book-keeping are well-handled, a lack of an experienced senior-level financial oversight may be preventing business growth. Several businesses often reach a point where they need independent and professional guidance, but can not afford a full-time CFO.
KayOne Consulting’s Virtual CFO services enables you to work with an experienced finance professional who works with you to help guide your business to success.
Using Financial Forecasts to Advise Business - Financial Forecasting 101 - Re...Irma Miller
This document provides an overview of financial forecasting and discusses key concepts such as planning, budgeting, and forecasting. It begins with two examples of how forecasting can positively or negatively impact a company's financial performance. It then discusses the relationships between planning, budgeting, and forecasting and how they differ. The document provides tips for explaining forecasting to non-financial executives and discusses important considerations like timelines, costs vs. benefits, and sensitivity analysis.
The document provides an overview and outlook for the accounting and finance sector in 2016. It discusses trends in permanent and temporary roles across banking and investment management. For permanent roles, it notes increased demand for those with regulatory, technical, and project experience. Compensation is expected to see marginal salary increases but lower bonuses overall, except for high-demand skills. Product control hiring increased in 2015 and this demand is expected to continue in 2016, especially for newly qualified candidates.
This summary provides an overview of the key information from the KPMG case study document in 3 sentences:
The case study examines a situation where KPMG is auditing Riggers Inc, a US company that has expanded into Brazil. Riggers is claiming a net operating loss carryforward in Brazil and using a 15% profit margin projection, which the auditor must evaluate. The case also involves an uncertain tax position for Riggers in the US regarding transfer pricing that is currently being audited.
Similar to RK Group - A&F Salary Survey - 2016 (20)
3. 3
Welcome to the 2016 Salary survey
Our clients and candidates tell us two things when it comes to salary surveys: Firstly,
they are often inaccurate, and secondly, they are cumbersome documents with too
much irrelevant information and unnecessary analysis. What they want is a quick
reference guide of accurate salaries. This is what we have sought to supply.
The ranges given are intended to be a guide only. Local factors, such as industry
density, demographics and the local economic environment are all important factors.
We are also proud to offer a free bespoke salary benchmark service (without
obligation). This will take into considerations the specifics of a vacancy, the size
of the organisation and team, the local economy, and a competitor analysis. This
is undertaken independently by our in-house research department and specialist
consultants.
The figures for this year’s salary survey were derived through a range of research and
quantitative based techniques. These include:
• A review of the placements made by RK in the past 6 months
• Current salaries and rates of those candidates registering for our services
• Local published vacancies
• Market knowledge of our consultants
In total, salaries of over 5000 people were included.
4. About us
RK Group is a leading specialist financial recruitment consultancy operating in
the Midlands, Yorkshire & North West geographies from a regional branch network
(Birmingham, Leeds, Manchester and Preston). A dedicated recruitment group
operating exclusively in the specialism of finance including Accountancy, Tax, Audit,
Risk and Treasury across the clerical, part qualified and qualified marketplace.
Established in 1996, the average length of service within the business is over 5 years.
With a genuine commitment to long term development, we have built close links with
many businesses, clients, candidates and professional bodies in local regions. The
business was born out of a search and selection recruitment team and as such we
have adopted and continue to use a retained search methodology whilst offering a
contingency-based pricing strategy (i.e. payment on success).
RK Group is part of AIM-listed Kellan Group PLC, so you can be assured of our financial
stability, corporate infrastructure and be confident in our reputation.
In summary as a business we provide Accountancy and Finance staff across the North
of England and have developed an extensive client and candidate network over almost
20 years.
Our core specialism is Accountancy and Finance recruitment on a temporary and
permanent basis.
RK Finance Professionals:
www.rkfinance.co.uk
Key sectors: Part qualified and qualified accountancy and finance
Temporary, permanent, interim and contract recruitment.
Specialist in Accountancy and Finance mid to senior level appointments.
Typical Roles include: Management & Financial Accountants, Commercial and
Operational Accountants, Analysts, Finance Managers, Financial Controllers, Finance
Directors. Senior Transactional Managers.
RK Accountancy:
www.RKAccountancy.co.uk
Key sectors: Clerical accountancy and finance
Temporary, permanent and contract recruitment.
Specialist in the recruitment of clerical and managerial accountancy and finance staff.
Typical Roles include: Credit Controllers, Purchase & Sales Ledger Clerks, Payroll
professionals, Accounts Trainees, Assistant Accountants, Transactional T/L
and Managers.
4
5. Our Awards and Accreditations
5
Being part of a PLC means more than financial strength, it is about being able to
leverage our individual and joint accreditations, awards and quality processes:
6. 6
It is getting harder to swiftly identify and secure a
strong SME Financial Controller.
Through recent years a number of smaller
businesses unfortunately ceased trading leading
to a spike in their accountants looking for new
positions. However, alongside, a range of smaller
businesses faced cash-flow issues and therefore
took action to recruit from this bank of talented
accountants to steer them through the rougher
trading waters and keep a tighter handle on cash
management.
As we enter stronger economic conditions start-
ups and privately held growth businesses are
increasingly seeking the need of an Accountant
to support the business leaders in facilitating
sustained growth by providing a firm infrastructure
of financial control and management reporting.
MDs recruiting this role almost always seek an
individual who has done this role before (i.e. been
the head of finance for a smaller business). It is
therefore a finite pool and it is only a matter of time
before the merry-go-round stops and directors
will need to take candidates who are number 2 in
finance or stepping from a practice environment
and who have small gaps versus the comprehensive
job specification.
A spokesperson for the AAT recently published
interesting data outlining that two thirds of smaller
businesses produce their accounts without the
assistance of a qualified accountant (typically the
owner completing basic bookkeeping to save the
expense of an accounting service / internal Finance
Manager). It has been suggested that associated
errors and irregularities paradoxically cost UK
businesses £2.9bn / year. The result is beginning to
generate skill gaps here also – smaller businesses
that are now in the hunt for a Finance Manager / FC
are finding it more difficult to secure the candidate
they need at the budget they have allocated.
As a result of businesses stalling on this hire
through the recession it is also the case that
the new incumbent is spending their induction
unravelling previous errors, implementing basic
month end processes and controls and overhauling
the management accounts pack to unpick errors
and provide a firm, audit-able accounting platform.
This prevents them focusing on ‘added-value’
commercial accounting and reporting. They are
spending less time on the commercial suite of
Our individual and collective experiences within the accountancy and finance sector
undeniably demonstrate that skill gaps are developing and widening within the
markets we operate.
2016 Challenges and Opportunities
reports, analysing costs and revenue streams and
ultimately driving profitability in the environments
they join… potentially exacerbating the problem and
this commercial reporting experience may become
a skills shortage itself over coming months as this
plays out…
It is getting harder to identify and secure a
Technical Accountant with niche vertical-sector-
specific expertise.
Qualified Technical Accounting roles with specific
requirements (e.g. Corporate Reporting Accountant,
Group Accountant, Technical Reporting Senior
Specialist, Internal Audit Manager, Internal Auditor,
VAT Accountant, Treasury Reporting Manager) are
niche by nature. As businesses look to grow and
invest they naturally have requirement for a higher
degree of technical expertise surrounding IFRS
/ UK and International GAAP. Large businesses
are looking to diversify in current conditions
to capitalise on the economic optimism, some
finalising acquisition of businesses outside of their
core markets (and expertise) and will create gaps in
the experience of their finance function. The need
for those able to ensure robust accounting controls
exist and that compliance is bulletproof is therefore
growing.
As has been widely documented The Top 10
Accounting groups that typically feed businesses
this expertise have invested lightly through
recession and as is widely headlined they are
also finding it tough to recruit the right volume of
appropriate “partners of the future”. It has been
headlined that EY have relaxed their academic
recruitment criteria to remedy their own skill
shortages. This is translating to less professionals
capable of providing this niche technical accounting
advice / audit capability.
There are less strong part qualified accountants
with experience in parallel with their studies than
there are vacancies for this candidate profile.
Businesses are expanding, Management
Accountants are looking to push on in their careers
to FC or into commercial areas and the succession
planning that is happening is creating need for
studying accountants. In many cases businesses
have pulled investment through recession times
in their studiers and have also shielded them
from broader projects etc. through budget / time
7. 7
constraints. In addition A&F graduates of recession
times find it difficult to secure varied accounting
roles and some have found themselves in narrower
roles across AP and AR creating a skill shortage
around the broader month end knowledge / core
accounting principles and double entry awareness.
The result being a gulf between the number of ACCA
and CIMA-part qualified candidates that have gained
broad experience versus the number of businesses
now seeking this ‘up and comer’.
It is getting harder to identify and secure “all-
rounders” across transactional finance.
Through recession many finance directors / financial
controllers came under financial pressure to reduce
headcount within the finance function. A significant
number did this by removing the more experienced
(and often higher paid) clerical finance staff, in some
cases redistributing portions of the workload to less
experienced (and lower paid) staff and picking up
the slack themselves. So as an example it may be
that the Senior Payroller left the business, a payroll
administrator picked up the basic payroll tasks while
the Finance Manager then became more hands on
in that area.
The tangible result being that we are seeing
more payroll professionals who have not had the
opportunity to manage the payroll process ‘end to
end’ and similarly purchase ledger professionals
who may not have taken responsibility for the full
payment run for example.
Alongside the overarching gaps in our markets
there are smaller pools of shortage in vertical
industry sectors.
Property Management and construction sectors
are recruiting finance and accounting staff more
frequently in our regions. This is a significant and
very visible swing in job flow within these sectors
versus 2013/2014 when the sectors remained in a
phase of caution / consolidation. As an example
one of the symptoms is that there is now a real skill
shortage of client accounting and service charge
accounting experience. Housing Associations
are finding difficulty in securing candidates with
experience also as post-election caution has
dissipated and funding / headcount budget can be
mapped. Large scale builds have been less prevalent
tin recent years and as they reappear the need for
the right level of project accounting in this sector
is sought after and less abundant than many large
scale builders would like.
Organisations with Financial Services sectors are
certainly finding it more challenging to fill vacancies
within their technical accounting functions and
are needing to become more flexible around the
pre-requisites on their job specifications. Many are
realising that they may need to invest more heavily
in training around the specifics of their grievance,
systems and product-related terminology rather
than wait for another candidate from a similar FS
group.
Manufacturing groups (both FMCG and Non-FMCG)
are finding it tough to secure candidates with a
costing profile / background. As boards of directors
and businesses owners grow in confidence it
translates to more risk and more investment in new
facilities, acquisition of new sites and exploration
of new products / R&D. The projects and ventures
require accounting support and in particular we are
being asked to find candidates with knowledge of
standard costing and costing model development.
Again the fact is we are beginning to see more job
specifications than there are perfect candidates
with this manufacturing background.
A trend in practices is to adopt the cloud-based
ERP technology (commonly Xero for example).
Forward-thinking partners have embraced the
online format and are developing their own internal
experts at senior and even semi-senior level. Others,
potentially more traditional practice environments,
are not investing in or adopting the new format as
readily and as such are creating skill gulfs between
those familiar with this expertise and those who are
not which again may play out through the rest of this
year and into 2016.
Ultimately the evidence of our specialist teams in
all locations absolutely demonstrates that there
are skill gaps developing within the Accountancy
and Finance field from entry level to Director level.
Strong consultants can provide a substantiated,
insightful and candid view of this and help find a
solution for your business if you are experiencing
difficulty in identifying and securing the talent you
need in your finance team.
8. 8
West Midlands
Birmingham West Midlands
Min Max Min Max
Assistant Accountant 19 25 18 23
Accounts Assistant 17 22 16 20
Purchase Ledger Manager 28 37 25 35
Purchase Ledger Supervisor 26 32 20 24
Purchase Ledger Clerk 17 20 17 20
Credit Control Manager 30 45 27 45
Credit Control Supervisor 26 32 23 28
Credit Controller 18 23 18 21
Payroll Manager 27 35 25 30
Payroll Supervisor 25 33 20 26
Payroll Officer 18 23 17 22
Sales Ledger Clerk 18 22 16 20
Administrator 15 22 15 20
Transactional
accountancy
salary rise
over 2015
6.7%
Qualified
finance salary
rise over
2015
4.2%
UK Average
salary rise
3.5%
FIGURES GIVEN AS ‘000 annual salaries
9. 9
Birmingham West Midlands
Min Max Min Max
Finance Director 65 105 60 90
Financial Controller 45 70 45 65
Finance Manager 35 60 30 45
Financial Accountant 37 45 35 45
Financial Analyst 35 50 30 45
Commercial Accountant/
Business Partner
38 45 37 55
Commercial Finance Manager 50 65 50 55
Management Accountant 35 45 30 45
Assistant Management
Accountant
25 30 23 28
Group Accountant 40 50 35 45
Project Accountant 38 50 38 50
Newly Qualified 32 36 35 40
Part Qualified 24 29 25 32
Percentage who
anticipate changing
jobs in 2016
Average salary
increase sought to
move job
Growth sectors – Housing, healthcare and construction
39% 6%-12%
for a bespoke salary benchmark, please contact your local officefor a bespoke salary benchmark, please contact your local office