วีดีโอ

Haha, completely agreed from a financial perspective. 😅 and absolutely, I think it'll be rare to experience a work environment where you are surrounded by so many people your age, so definitely a time to savour. 😇

@@accountingwithmaddy I guess that's a really great advantage we enjoyed in this profession when we experienced that sort of work environment with all our colleagues 💯 It's the one thing I miss the most from my days of articles, but the money is much better now so it evens out 😅 Also, this is an awesome clip, spot on 💯

Good luck with CTA, I’m sure you’ll crush it!

awww yay, this makes me so happy to hear!

thanks will - thought it might be time that my teeny apartment makes an appearance!

hi petrina! Happy to answer queries in the comments. 😇

@@accountingwithmaddy Ok, great. I struggle to answer discuss type questions in Financial accounting. I understand what is required however I don't know how to structure my answer. Do you perhaps have an approach that you used to answer such questions? Also are you willing to accept video suggestions?

@@petrinaabraham6078 So with discussion questions (specifically relating to Financial Reporting), the rule of thumb is always Principle and Application. For example, if you are given a Revenue question, and it deals with a principal vs agent principle (as discussed in IFRS 15), then you would structure your answer by first stating what IFRS 15 says around the principal/agent situation. You would say something like "This situation is implicit of a Principal vs Agent scenario as described in IFRS 15, where it would need to be identified whether the seller in this context has control over the goods transferred..." (basically hitting all of the buzzwords required by the IFRS 15 principle). Then you need to APPLY your particular scenario to the underlying principle (in this case the IFRS 15 principal vs agent principle). You could say "In this scenario, the entity in question demonstrates control over the good because of XYZ reason..." and then apply all of the facts of the scenario that address each of the principles stated above. The P + A rule works every time (and for every subject) and it also helps clarify to you what your argument is, so it doesn't get all muddled. I hope this helps!

@@accountingwithmaddy This is very helpful thank you.

Very helpful

thanks for filming, mister!

Yaaay, I'm so glad! 🥹

Hey! I can't speak on behalf of anyone who has completed CTA during articles, I just know that in my experience, CTA in itself is extremely challenging. I was working as a part-time bookkeeper during CTA to earn additional income, and doing both at the same time was an insaaane amount of work, and I struggled to manage the workload. However, looking back, I'm glad I did CTA before starting articles because it gave me that additional time to mature a bit and have a proper academic understanding of audit before I started auditing other companies. Also, having worked whilst studying helped me have a practical understanding of the companies I audit. Doing articles and CTA at the same time does have its benefits - earning income while you study, finishing earlier etc. but I do know that people often struggle to find firms that will take trainees who have not yet got their CTA, with their reasoning being that they want trainees to know full IFRS, tax law, audit etc. so that they can easily apply theory on the job, without having to go through the process of learning it. So I think it really depends on how well you can manage your time, but I would say, if you are financially able to study your CTA first and then do articles, I would do that. I have found it so important to have a holistic theoretical understanding in my job, so I wouldn't want to rush the studying bit. I hope that helps, and good luck on your accounting journey! 🧚🏼‍♀

@@accountingwithmaddy Thank you very much for the detailed response. I've definitely seen most people suggesting CTA first before articles. The main one that spoke to starting articles as soon as a person enters the CA stream was PwC (Who are my first prize article choice) who I asked the same question to but it can be difficult knowing whether they are speaking genuinely or too much from the corporate perspective I do appreciate your experience that you shared

Hey elisheba! I think there are two ways to prepare yourself for the technical aspects. Firstly, I would go through each standard - so literally IFRS 1, 2 ... IAS 36 etc. and make a mindmap/summary page of each, making sure that you're familiarising yourself with the key concepts. I love drawing mindmaps because it's a fun way of making a lot of information seem easier to engage with. Secondly, once you're comfortable that you know what each Standard is talking about, past papers are the BEST way to engage with the material. Especially if it is a Standard that you are not so comfortable with. E.g. IFRS 15, 16 and 17 are newer Standards, so given that you most likely would not have studied them in ACCA, I would try find some SAICA past papers that cover those Standards so that you're fully prepped. I hope that helps, and best of luck for December! <3

You are so so welcome <3

❤️

you got it! <3

Thanks so much!

You are so welcome! <3

Hi Bulelwa! Yay, I’m so happy you signed with a company you like! I totally agree with you - no-one chooses doing auditing articles because they want to make money. I’ve learnt soooo much more than my colleagues who went to work cushier jobs because I’ve been placed on hectic clients, worked insane overtime and have had a more holistic experience that will ultimately make me a better CA! 👩‍💼 I’m so glad you’re excited about doing your articles - it really is such an incredibly rewarding experience if you allow it to be. 🩷

You are SO welcome! Just take things day by day - don’t let those lecturers overwhelm you! You’ve GOT this. 🩷

awwww you are SO sweet!! 🥺💗

💗

sending you so much love and luck for the exams Ndumi, you’ve got this girl. 🤞🩷

you are SO welcome - good luck for wed and thurs 🚀

Thanks emile! GOOD LUCK for the ITC - see ya in office soon. 🥳

🧚🏼‍♀good luck lisa!

🧚🏼‍♀

Good luck Thato!! I have NO doubt you'll slay ITC <3

Hey Eugene! This is such a great suggestion - will absolutely do. 🥰 Good luck with the remainder of your first year - I'm sure you'll crush it!

yay, so happy to hear it! 💗

thanks Emile! Looking forward to seeing you next year 🥹

me too :')))

I’m so happy to hear that. 🥹 what subjects in particular would you like to see videos on? 💕

And most importantly be easy on yourself!! Good luck for the rest of the year. 💗