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Nov 17 2020 02:30pm
Quote (SBD @ Nov 17 2020 08:28pm)
Director of Finance for a group of companies currently.


Take it you're qualified then - what accounting board?
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Nov 17 2020 02:35pm
Quote (Budgeting @ Nov 17 2020 01:30pm)
ontario??? gta??


Quote (dro94 @ Nov 17 2020 01:30pm)
Take it you're qualified then - what accounting board?


If I was in Ontario id still be a manager in my 20s. I am not overly special, I choose to move to a place where I could be a big fish in a small pond rather than an average fish in an ocean, If I'm being honest.

I am registered with CPA Alberta and CPA NWT.

This post was edited by SBD on Nov 17 2020 02:39pm
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Nov 17 2020 02:44pm
Quote (SBD @ Nov 17 2020 03:35pm)
If I was in Ontario id still be a manager in my 20s. I am not overly special, I choose to move to a place where I could be a big fish in a small pond rather than an average fish in an ocean, If I'm being honest.

I am registered with CPA Alberta and CPA NWT.


what industry? im in public right now, few months left for the letters. unsure if moving back to states yet and if i want to continue in public lol
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Nov 17 2020 02:52pm
Quote (Budgeting @ Nov 17 2020 01:44pm)
what industry? im in public right now, few months left for the letters. unsure if moving back to states yet and if i want to continue in public lol


Investment and acquisition. I personally stayed after getting my letters and continued to manage various audit teams and perform other client services. I eventually hit a crossroad, either become an associate partner and eventually equity partner or go try something else. I'm in my 20's and my charge out rate was pushing a very high amount per hour with a 103% recovery rate, I figured id go solo for a year and did that before moving into a salaried position.

If you're like me, you also owe your firm for modules they paid for which amortize over a two-year period.

This post was edited by SBD on Nov 17 2020 02:54pm
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Nov 17 2020 02:56pm
Quote (SBD @ Nov 17 2020 03:52pm)
Investment and acquisition. I personally stayed after getting my letters and continued to manage various audit teams and perform other client services. I eventually hit a crossroad, either become an associate partner and eventually equity partner or go try something else.

If you're like me, you also owe your firm for modules they paid for which amortize over a two-year period.


how did you go from public to that? were alot of your client's investment funds/hedge funds?

yeah, will likely have that but at the end of the day (switched firms and settled the amounts so no real amoutn to pay except yearly dues).

im in pubco audit right now as a senior, and tbh, unsure if i want to go further as a manager.
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Nov 17 2020 03:04pm
Quote (Budgeting @ Nov 17 2020 01:56pm)
how did you go from public to that? were alot of your client's investment funds/hedge funds?

yeah, will likely have that but at the end of the day (switched firms and settled the amounts so no real amoutn to pay except yearly dues).

im in pubco audit right now as a senior, and tbh, unsure if i want to go further as a manager.


Small pond is the short answer. if I had true competition that you would face in Vancouver or Toronto I wouldn't be where I am.

I was consulting for the company I currently work for during that year I was on my own. I got them through a liquidity issue which ultimately boiled down to CCAA / reorganization or bankruptcy. They liked what I did for them and picked me up with a difficult to refuse offer.
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Nov 17 2020 03:08pm
Quote (Budgeting @ Nov 17 2020 08:56pm)
how did you go from public to that? were alot of your client's investment funds/hedge funds?

yeah, will likely have that but at the end of the day (switched firms and settled the amounts so no real amoutn to pay except yearly dues).

im in pubco audit right now as a senior, and tbh, unsure if i want to go further as a manager.


Management accounting or business partnering/commercial roles will earn higher salaries and bonuses if that's what you care about.

Going from finance to a more operational role at some point in the future is always an option
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Nov 17 2020 03:49pm
Quote (Budgeting @ Nov 17 2020 01:56pm)
how did you go from public to that? were alot of your client's investment funds/hedge funds?

yeah, will likely have that but at the end of the day (switched firms and settled the amounts so no real amoutn to pay except yearly dues).

im in pubco audit right now as a senior, and tbh, unsure if i want to go further as a manager.


If I was American id work in a public firm, get my designation, work 1-2 additional years managing maybe and then run to Alaska, go make 145K + 401K matching, housing paid for etc. Figure life out from there. https://www.simplyhired.com/search?q=finance%20director&l=alaska&job=WEs6xmTtAgKJcS9TsqB7aJOpYD6s__uv2bNUPQ2X-y67_2D_KHR8qQ

Sitka Alaska looks awesome.

On a side note, another good day for Boeing.

This post was edited by SBD on Nov 17 2020 03:49pm
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Nov 17 2020 05:16pm
Quote (SBD @ Nov 17 2020 04:04pm)
Small pond is the short answer. if I had true competition that you would face in Vancouver or Toronto I wouldn't be where I am.

I was consulting for the company I currently work for during that year I was on my own. I got them through a liquidity issue which ultimately boiled down to CCAA / reorganization or bankruptcy. They liked what I did for them and picked me up with a difficult to refuse offer.


did you go to a different stream after audit? im not sure if i want to make the switch to consulting or even insolvency, im not sure i really want to work in FR.

Quote (dro94 @ Nov 17 2020 04:08pm)
Management accounting or business partnering/commercial roles will earn higher salaries and bonuses if that's what you care about.

Going from finance to a more operational role at some point in the future is always an option


i wonder if i could go to FA role and then move into product/division management.

just not seeing the clear transition from point a to b.
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Nov 17 2020 05:48pm
Quote (SBD @ 17 Nov 2020 15:28)
Director of Finance for a group of companies currently.

I would much rather move into a COO position.

a whole different list of headaches there too, but depending on the field youre in you can end up bullying the finance department instead of them telling you no fuck off you cant spend like that haha

have worked both sides in some capacity so ive seen it
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