We only manage what gets measured, and accounting drives what gets measured. Increasing productivity has been the big driver of the decline of manufacturing employment and we really should be trying to create incentives for manufacturing businesses to make use of employees. That brings us to accounting…
The pay package depends on two factors:
1. The Company
2. The Profile
When I started working with PwC as an ACCA affiliate, straight out of college, my pay package was equivalent to that of the fresher CAs in my company (Ranging from Rs. 7 to Rs. 9 lacs). Moreover, I worked on the same projects, and in the same teams as the CA freshers.
ACCA members are offered jobs at par with ICAI members in terms of profile and pay, in organisations such as the Big 4 and MNCs. ACCAs are in demand in the Big 4 and MNCs because these firms follow global accounting practices in their day to day work. With increasing FDI, more international firms coming to India, and even Indian firms expanding geographically, India is bound to adopt IFRS soon.
There is a rush of startups now. Starting your own business can be an exciting as well as a nerve-wracking time. Exciting because you have this commercial entity that is all yours and you can mold it to suit your dreams. And nerve-wracking because any mistake you make, even a minor one, can come back to haunt you.
Page 5 of 6