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Private Practice Accountant Profile

Introduction

This Section of the site details information that you might find useful if you are looking to secure employment or require further details regarding working as a Private Practice Accountant. This page details the following Information:-

  • Finding Suitable Work as a Private Practice Accountant
  • Working Duties Expected
  • Hours and Environment
  • Working Skills Required
  • Training Requirements
  • Salary Expectations
  • Trade Information
  • Other useful Private Practice Accountant Work Information


Finding Suitable Work

This website features a volume of Job vacancies advertised on behalf of a number of different employers and specialist recruiters that post vacancies on a regular basis so you can start your search for work right here:-

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We feature many Private Practice Accountant Jobs live online at this site and these posts are updated daily. Please book mark this page and return here on a regular basis or register with our site for Jobs by email so that you don't miss out on the latest work opportunities.

Working Duties Expected

Private practice accountants provide a wide range of accountancy and financial services to clients ranging from multinational organisations to local businesses and self-employed people.

Accountancy firms offer some or all of the following services:

  • accounting - keeping full accounts for clients
  • audit - carrying out independent assessments of clients financial position
  • management consultancy - covering a wide range of services including undertaking strategy reviews and designing specialist business systems and overseeing their installation
  • insolvency - working with clients in financial difficulties
  • taxation - including providing advice on the taxation implications of actions such as merging with or buying another business
  • corporate finance - raising money so companies can merge with, or buy new companies
  • forensic accounting/litigation support - acting as an expert witness in court cases ranging from commercial fraud to personal injury
  • information technology providing advice on accounting and finance systems.


Hours and Environment

Accountants normally work standard office hours, although there may be scope for part-time work or job-sharing.

The work is office based, often at clients premises. In some instances, travel and time away from home may be required.

Skills and Interests

To be an accountant you should:

  • have strong numeracy skills
  • have a lively interest in the world of business and commerce, so you can understand how clients businesses operate and how new developments will affect them
  • have an enquiring mind to think around problems and arrive at new solutions
  • get on well with people and form warm business relationships with clients of all types
  • be discreet, tactful and strong minded so you can deal with confidential information and give sound advice even when it is unwelcome
  • be able to listen and to consider other peoples points of view
  • have good spoken and written communication skills so you can explain financial matters to people and write clear reports.


Entry

Accountants undertaking audit work must hold a recognised audit qualification from one of five recognised qualifying bodies:

Institute of Chartered Accountants in England and Wales (ICAEW)
Institute of Chartered Accountants of Scotland (ICAS)
Institute of Chartered Accountants in Ireland (ICAI)
Association of Chartered Certified Accountants (ACCA)
Association of International Accountants (AIA).
Over half of all qualified accountants have chartered status. To begin training, minimum entry requirements are typically three GCSEs (A-C)/S grades (1-3) including English and maths, plus two A levels/H grades or equivalent qualifications. Most accountancy trainees have a degree, some of which give exemptions from certain professional accountancy examinations. Information on these exemptions can be obtained from professional bodies, universities and colleges.
Qualified accounting technicians can study to become accountants with both ICAEW and ACCA.

For details of qualification equivalents see:

Qualifications and Curriculum Authority (England, Wales and Northern Ireland)
Scottish Qualifications Authority
An Access to Higher Education qualification may also be accepted for entry to certain courses. If experienced in a related field, you may be able to gain recognition of skills through Accredited Prior Learning (APL). Please check with colleges or universities for exact entry requirements.

AIA has a mature students scheme for those over 21 years old with a minimum of three years' accountancy experience. ACCA has a similar route for those over 21 with no formal academic qualifications.

Note:Some employers / job advertisements make reference to CCAB qualifications as entry requirements. The CCAB is the Consultative Committee of Accountancy Bodies, which is an advisory organisation made up of six professional accountancy bodies including some of those listed above. There is no CCAB qualification as such, however, reference to CCAB qualifications actually refers to qualifications awarded by the six professional bodies themselves. For more information on CCAB see contacts below.

Training

Practical experience is obtained via employment as a trainee. Training takes around three years and comprises work for an approved organisation plus study for professional qualifications on a day release, block release or distance learning basis.

Foundation and Advanced Modern Apprenticeships (MAPPs) may be available for people aged 16-24.
For details see: MAPPs (England); Skillseekers MAPPs (Scotland); National Traineeships MAPPs (Wales); and MAPPs (Northern Ireland).

Opportunities

Job opportunities are good, and there is scope to move into industry and commerce or the public sector. It is usual to move between firms of different sizes to gain promotion and experience.

UK accountancy qualifications are recognised across the world and there are opportunities to work abroad.

Annual Income

Figures are intended as a guideline only.

Starting salaries for trainees working in private practices vary depending on the size of the firm and the age and qualifications of the trainee. Salaries are likely to be higher in London than in the rest of the country.

A graduate commencing training would earn between £16,000 and £23,000 a year.
A recently qualified accountant would earn between £26,000 and £35,000.
A successful accountant in private practice with specialist knowledge in a particular area can earn around £100,000.

Further information

Association of Chartered Certified Accountants
64 Finnieston Square
Glasgow
G3 8DT
Tel: 0141 582 2000
www.acca.org.uk

The Chartered Institute of Public Finance and Accountancy
3 Robert Street
London
WC2N 6RL
Tel: 020 7543 5600
www.cipfa.org.uk

The Chartered Institute of Management Accountants
26 Chapter Street
London
SW1P 4NP
Tel: 020 7663 5441
www.cimaglobal.com.

The Institute of Chartered Accountants in England and Wales
www.icaew.co.uk

Association of International Accountants
South Bank Building
Kingsway
Team Valley
Newcastle upon Tyne
NE11 0JS
Tel: 0191 482 4409
www.aia.org.uk

The Institute of Chartered Accountants of Scotland
CA House
21 Haymarket Yards
Edinburgh
EH12 5BH
Tel: 0131 347 0100
www.icas.org.uk

The Institute of Chartered Accountants in Ireland
11 Donegall Square South
Belfast
BT1 5JE
Tel: 028 9032 1600
www.icai.ie

Consultative Committee of Accountancy Bodies (CCAB)
www.ccab.org.uk

The accountancy profession carries a wide and varied selection of different job roles. Here are some examples of related job positions in the accountancy sector:

• Analyst
• Auditor
• Company Secretary
• Cost Accountant
• Director
• Finance Manager
• Financial Controller
• Forensic Accountant
• Interim Manager
• Life Accountant
• Management Accountant
• Practice Manager
• Practice Partner
• Project Accountant
• Syndicate Accountant
• Systems Accountant
• Tax Accountant
• Trust Accountant
• Accounts Admin
• Assistant Accountant
• Credit Controller
• Graduate Trainee
• Ledger Clerk
• Legal Cashier
• Part Qualified
• Accounts Payroller
• Practice Accountant.

Other Useful Private Practice Accountant Work Information

We have a section available at this site on Private Practice Accountant job interview tips that you may find of interest should you wish to brush up your skills in this area and we also have number of career articles that may also be of use to you from within our guides and documents section.

Locations where we feature Jobs include:-
Aberdeen, Berkshire, Aberdeen, Bath, Bedfordshire, Berkshire, Birmingham, Bradford, Bristol, Cambridgeshire, Cardiff, Central London, Cheltenham, Cornwall, Coventry, Derby, Devon, Docklands, Dorset, Dundee, Durham, East Midlands, East Sussex, Edinburgh, Essex, Glasgow, Gloucester, Hampshire, Hertfordshire, Kent, Lancashire, Leeds, Leicester, Leicestershire, Lincolnshire, Liverpool, London, Manchester, Middlesbrough, Midlands and in various parts of the West Midlands

Details of other Private Practice Accountant Jobs can also be found in other UK wide areas including:-
Milton Keynes, Newcastle, Newcastle Upon Tyne, Norfolk, North London, North Midlands, Northampton, Northamptonshire, Northern Ireland, Northumberland, Norwich, Nottingham, Nottinghamshire, Oxford, Oxfordshire, Plymouth, Salisbury, Scotland, Sheffield, Shropshire, Somerset, South East, South London, South Midlands, Southampton, Staffordshire Surrey, Swansea, Swindon, Telford, Wales, Warwickshire, West End, West London, West Midlands, Worcestershire, York and throughout Yorkshire.

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