It has been an extraordinarily fast-paced couple of months. Never have I ever felt the time fly so fast!
Since my last post, I have been involved in even more audits within the film & television industry. For the first time I feel at ease when approaching audit work and feel that my confidence has grown and grown. I strongly believe that this is down to a combination of experience (practice makes perfect!) by being exposed to more and more audits in short spaces of time and by working alongside approachable, supportive and encouraging colleagues. You really get the feeling of a team spirit here at Shipleys.
Aside from film audits, I have worked on several large funds. Again, I have found that the more exposure I have to these types of clients, the more confident I feel when approaching the required working papers. Don’t get me wrong through, there is still (and always will be) lots more to learn, especially with ever changing regulations and updating of accounting standards – but I guess that’s the exciting part, because as an accountant you are always growing in your career and developing your knowledge and expertise.
Audits aside, I have recently undertaken lots more accounts preps. These have ranged from sole traders to limited companies. If I am completely honest I initially felt a little apprehensive tackling these tasks (due to having worked predominantly on audits), but I would just like to emphasise how valuable the time that Seniors, Supervisors, Managers and Partners are willing to set aside in their own busy workday for trainees. In one specific instance, my Manager took the time to run through how I should approach each section of the working papers (from fixed assets through to sales and purchases). He also explained exactly what I should be looking out for when inspecting the client’s nominal ledger and post-year end ledger, and explained the kind of journals I would potentially need to put through. At the end of the two weeks (and five accounts preps later), I had learnt so much. I also noted parts of the tasks that I found the trickiest, along with the Manager’s tips on how to approach these sections and have typed these up to use as a guide on future accounts preparation jobs.
I would say that I am definitely lucky to work at a firm like Shipleys. Not only are you encouraged and given many opportunities to be responsible for major parts of a job, but there is always support and guidance from those higher up at the firm. All are happy to invest their own time in making sure a trainee (like myself) understands and feels confident in approaching the work set – something I would consider extremely vital for a trainee’s personal development.