1 00:00:01,530 --> 00:00:04,500 Maiki Lynch: Hey there, I'm Maiki Lynch and I'm an accountant. And 2 00:00:04,500 --> 00:00:07,170 Maiki Lynch: in this series from ACCA, I'm sitting down with some 3 00:00:07,170 --> 00:00:10,410 Maiki Lynch: other accountants and people who work in finance to lift 4 00:00:10,410 --> 00:00:12,750 Maiki Lynch: the lid on some of the common myths you might 5 00:00:12,750 --> 00:00:17,969 Maiki Lynch: have fallen for about this awesome career path. This week, 6 00:00:17,969 --> 00:00:20,189 Maiki Lynch: we are looking at the process of actually getting an 7 00:00:20,190 --> 00:00:24,450 Maiki Lynch: accountancy qualification. With so many routes into the profession, many 8 00:00:24,450 --> 00:00:26,820 Maiki Lynch: of which we've heard about on the series, it can 9 00:00:26,820 --> 00:00:30,120 Maiki Lynch: feel a bit overwhelming. Because the thing is, you can be 10 00:00:30,120 --> 00:00:35,369 Maiki Lynch: an accountant without having any specific accountancy qualification, but to 11 00:00:35,369 --> 00:00:38,550 Maiki Lynch: be a chartered accountant, you do need one. And for 12 00:00:38,550 --> 00:00:43,379 Maiki Lynch: most people, getting an accountancy qualification like ACCA can take 13 00:00:43,380 --> 00:00:47,759 Maiki Lynch: several years, requires quite a bit of studying, and can cost 14 00:00:47,759 --> 00:00:52,169 Maiki Lynch: a bit of money too. It's a commitment. So is 15 00:00:52,229 --> 00:00:55,860 Maiki Lynch: the training really hard? Are they good resources to pass 16 00:00:55,860 --> 00:00:58,830 Maiki Lynch: the accountancy exams or do you have to go it alone? 17 00:00:59,790 --> 00:01:03,209 Maiki Lynch: And are there benefits to getting through the tests even 18 00:01:03,210 --> 00:01:07,440 Maiki Lynch: if you've already started working? Let's find out. This is 19 00:01:07,860 --> 00:01:15,360 Maiki Lynch: By All Accounts. Now, this is a subject I happen 20 00:01:15,360 --> 00:01:18,060 Maiki Lynch: to know quite a lot about, and that's because although 21 00:01:18,060 --> 00:01:20,999 Maiki Lynch: I have an accountancy qualification, I've spent the past 10 22 00:01:21,000 --> 00:01:25,259 Maiki Lynch: years working in the education of future accountants. I've taught 23 00:01:25,289 --> 00:01:29,250 Maiki Lynch: many school- leavers, those on apprenticeship schemes, grad schemes, and 24 00:01:29,250 --> 00:01:33,360 Maiki Lynch: those more experienced hires sponsored by their employer to complete 25 00:01:33,360 --> 00:01:37,800 Maiki Lynch: their training. Everyone's path is different, and what gaining that 26 00:01:37,800 --> 00:01:41,190 Maiki Lynch: qualification means is personal to each of us, whether that 27 00:01:41,190 --> 00:01:43,889 Maiki Lynch: be the letters we can place behind our name, the 28 00:01:43,889 --> 00:01:46,949 Maiki Lynch: job we can land, the knowledge and skills we've gained, 29 00:01:47,279 --> 00:01:50,460 Maiki Lynch: or the salary we are now awarded. So I found 30 00:01:50,460 --> 00:01:54,030 Maiki Lynch: two people who currently work in accounting and finance, alongside 31 00:01:54,030 --> 00:01:58,769 Maiki Lynch: studying their accountancy exams, to ask, is the training worth it? 32 00:01:59,309 --> 00:02:01,019 Maiki Lynch: First up, Ravi Tanna. Hello. 33 00:02:01,080 --> 00:02:01,500 Ravi Tanna: Hi, nice to meet you. 34 00:02:02,040 --> 00:02:03,390 Maiki Lynch: And Xhulja Duka, welcome. 35 00:02:03,599 --> 00:02:04,500 Xhulja Duka: Nice to meet you. 36 00:02:04,949 --> 00:02:07,440 Maiki Lynch: Ravi, I'm going to come to you first and ask, 37 00:02:07,620 --> 00:02:08,670 Maiki Lynch: how's the studying going? 38 00:02:10,200 --> 00:02:13,050 Ravi Tanna: It's very stressful, to be honest. I started ACCA about 39 00:02:13,050 --> 00:02:15,900 Ravi Tanna: 10 years ago. I actually did AAT before that so I 40 00:02:15,900 --> 00:02:18,480 Ravi Tanna: had three exemptions, and then I did the tax exam past 41 00:02:18,480 --> 00:02:20,549 Ravi Tanna: that and then did the financial reporting and I got 42 00:02:20,549 --> 00:02:23,099 Ravi Tanna: 49%. And I decided to give it up after that 43 00:02:23,100 --> 00:02:25,800 Ravi Tanna: because my confidence was really knocked. I just couldn't get 44 00:02:25,800 --> 00:02:28,590 Ravi Tanna: back into it. Mentally, I just couldn't do it. And 45 00:02:28,590 --> 00:02:30,270 Ravi Tanna: then I decided just to work my way up. I 46 00:02:30,270 --> 00:02:32,940 Ravi Tanna: qualified by experience. And that's what I've been doing for 47 00:02:32,940 --> 00:02:35,070 Ravi Tanna: the last 10 years. And the latest role I'm in 48 00:02:35,070 --> 00:02:38,429 Ravi Tanna: is for a qualified accountant, but everyone around me is 49 00:02:38,429 --> 00:02:40,979 Ravi Tanna: qualified and I just feel like it's a piece of 50 00:02:40,980 --> 00:02:43,530 Ravi Tanna: me that's missing. So I've went back into it last 51 00:02:43,530 --> 00:02:45,450 Ravi Tanna: year and started again, ACCA. 52 00:02:46,139 --> 00:02:47,190 Maiki Lynch: Wow, that's quite a journey. 53 00:02:47,190 --> 00:02:47,191 Ravi Tanna: Yeah, it's a journey. 54 00:02:47,190 --> 00:02:51,000 Maiki Lynch: And when you're saying 49, what's the pass mark? 55 00:02:51,059 --> 00:02:51,690 Ravi Tanna: It's 50. 56 00:02:51,690 --> 00:02:52,651 Maiki Lynch: Oh, so only one mark to go? 57 00:02:52,651 --> 00:02:57,330 Ravi Tanna: Yeah. And I put so many hours into it and I just felt like 58 00:02:57,510 --> 00:03:01,620 Ravi Tanna: this is not for me now. And then, as I say, my confidence was knocked 59 00:03:01,830 --> 00:03:03,660 Ravi Tanna: big time and then I decided to give it up. 60 00:03:03,960 --> 00:03:06,630 Ravi Tanna: I thought I'd just focus on working my way up in 61 00:03:06,630 --> 00:03:08,790 Ravi Tanna: a company and that's what I did, basically. 62 00:03:10,410 --> 00:03:14,609 Maiki Lynch: Can I ask what made you come back? What made 63 00:03:14,609 --> 00:03:14,701 Maiki Lynch: you start again? 64 00:03:14,701 --> 00:03:18,270 Ravi Tanna: I always felt it was like a piece of me that was 65 00:03:18,300 --> 00:03:22,139 Ravi Tanna: missing. I feel like if I'm working in an accountancy, a 66 00:03:22,139 --> 00:03:23,730 Ravi Tanna: role, I just feel like it's something I need to 67 00:03:23,730 --> 00:03:25,380 Ravi Tanna: do. So I thought I'm going to give it one 68 00:03:25,380 --> 00:03:27,689 Ravi Tanna: more shot. And I started last year and I found 69 00:03:27,690 --> 00:03:31,530 Ravi Tanna: a provider that I felt they were really good and 70 00:03:31,740 --> 00:03:34,679 Ravi Tanna: I started passing the exams again and then my confidence 71 00:03:34,980 --> 00:03:37,200 Ravi Tanna: built up. But the first result I was waiting for 72 00:03:37,320 --> 00:03:39,210 Ravi Tanna: last year when I went back into it was nerve 73 00:03:39,210 --> 00:03:41,910 Ravi Tanna: wracking. Those three months, four months were the worst. Even 74 00:03:41,910 --> 00:03:43,650 Ravi Tanna: when I passed, I didn't open my results up for 75 00:03:43,650 --> 00:03:46,230 Ravi Tanna: two days. And my tutor contacted me saying, " What did 76 00:03:46,230 --> 00:03:47,370 Ravi Tanna: you get?" I said, " I'm not going to open my 77 00:03:47,370 --> 00:03:50,280 Ravi Tanna: results up." So I was on holiday and I opened 78 00:03:50,280 --> 00:03:53,040 Ravi Tanna: it up there and then I passed and I couldn't believe it. Honestly, I couldn't believe it. 79 00:03:53,040 --> 00:03:55,589 Maiki Lynch: How did it feel? 80 00:03:56,249 --> 00:03:58,680 Ravi Tanna: I felt like I won the lottery. I think you put 81 00:03:58,680 --> 00:04:00,780 Ravi Tanna: so much effort into it and so many hours and 82 00:04:00,780 --> 00:04:05,370 Ravi Tanna: you sacrifice your social life and it affects everything like your day- to- 83 00:04:05,370 --> 00:04:07,979 Ravi Tanna: day. So I felt like it meant a lot to 84 00:04:07,980 --> 00:04:09,960 Ravi Tanna: me. And especially going back into it after 10 years, 85 00:04:10,410 --> 00:04:12,780 Ravi Tanna: I just felt... All I keep saying to everyone is, " 86 00:04:12,780 --> 00:04:15,210 Ravi Tanna: I'm studying, I'm studying." So it was worth the sacrifice 87 00:04:15,210 --> 00:04:17,310 Ravi Tanna: I made and then I just slowly got back into it and 88 00:04:17,670 --> 00:04:18,660 Ravi Tanna: started doing the exams again. 89 00:04:19,380 --> 00:04:21,270 Maiki Lynch: That's fantastic. And how many have you got to go? 90 00:04:22,260 --> 00:04:22,981 Ravi Tanna: I've got five more now. 91 00:04:22,981 --> 00:04:23,221 Maiki Lynch: Five more to go. 92 00:04:23,670 --> 00:04:29,099 Ravi Tanna: Yeah. I did the financial management exam and I failed 93 00:04:29,100 --> 00:04:30,990 Ravi Tanna: that in the summer, because I had year- end, so 94 00:04:30,990 --> 00:04:33,450 Ravi Tanna: it's a combination of both. And then I just stopped 95 00:04:33,450 --> 00:04:36,000 Ravi Tanna: it again. So I went and did it again in 96 00:04:36,000 --> 00:04:39,510 Ravi Tanna: December, so I'm waiting for my results next week. Yeah. 97 00:04:40,380 --> 00:04:41,880 Maiki Lynch: It's only a few days out. 98 00:04:41,880 --> 00:04:42,839 Ravi Tanna: It's a few days out, yeah. 99 00:04:43,529 --> 00:04:44,699 Maiki Lynch: We're just waiting for results at the moment. 100 00:04:45,359 --> 00:04:46,050 Ravi Tanna: Yeah, we are. Next Monday. 101 00:04:46,050 --> 00:04:52,710 Maiki Lynch: A few days until they come out. And you touched on that you 102 00:04:52,710 --> 00:04:55,740 Maiki Lynch: were focusing on getting qualified by experience. Where are you working 103 00:04:55,740 --> 00:04:57,089 Maiki Lynch: at the moment and what do you do? 104 00:04:57,089 --> 00:05:00,000 Ravi Tanna: I work for ERM and they're based in Liverpool Street in London 105 00:05:00,360 --> 00:05:02,759 Ravi Tanna: and they're an environmental consultancy, so they're backed by a 106 00:05:02,759 --> 00:05:04,859 Ravi Tanna: private equity. So I'm doing a group accountant role there 107 00:05:04,859 --> 00:05:10,050 Ravi Tanna: now. Yeah, so I actually love the role. The team are amazing and they're very supportive. 108 00:05:10,500 --> 00:05:12,900 Ravi Tanna: And I think where you're working, as well, is really important. 109 00:05:12,900 --> 00:05:16,230 Ravi Tanna: If they understand your studies and if they give you 110 00:05:16,230 --> 00:05:19,020 Ravi Tanna: that sort of understanding, I think you can actually get 111 00:05:19,020 --> 00:05:19,800 Ravi Tanna: your exams. 112 00:05:19,830 --> 00:05:23,219 Maiki Lynch: Okay. And Xhulja , if we can come to you, what 113 00:05:23,219 --> 00:05:24,750 Maiki Lynch: do you do? Where do you work? Can you tell 114 00:05:24,750 --> 00:05:26,099 Maiki Lynch: us a little bit about your job? 115 00:05:26,820 --> 00:05:30,810 Xhulja Duka: Of course. So at the moment I'm working as a financial 116 00:05:30,810 --> 00:05:35,339 Xhulja Duka: analyst associate at Nomad Foods. It's a really great job. It 117 00:05:35,339 --> 00:05:39,479 Xhulja Duka: gives you opportunities to grow, especially if you've got the 118 00:05:39,480 --> 00:05:45,180 Xhulja Duka: ACCA title, which I'm working towards on. So it's a 119 00:05:45,180 --> 00:05:48,988 Xhulja Duka: very nice environment. It's a big company with many opportunities 120 00:05:48,990 --> 00:05:53,729 Xhulja Duka: to socialize but also to grow and to travel, as 121 00:05:53,730 --> 00:05:58,589 Xhulja Duka: well, because we are currently collaborating with Germany. Their finance 122 00:05:58,589 --> 00:06:03,150 Xhulja Duka: department is moving to London. So I found myself there 123 00:06:03,330 --> 00:06:06,570 Xhulja Duka: in this amazing team and I'm currently very happy with 124 00:06:06,570 --> 00:06:06,990 Xhulja Duka: my job. 125 00:06:07,740 --> 00:06:10,980 Maiki Lynch: That's fantastic. And can we ask, where are you in your 126 00:06:10,980 --> 00:06:11,940 Maiki Lynch: studies at the moment? 127 00:06:13,259 --> 00:06:18,150 Xhulja Duka: Basically, I'm done with the practical practice of ACCA because 128 00:06:19,140 --> 00:06:21,928 Xhulja Duka: since I started uni, to be honest, I started my 129 00:06:21,930 --> 00:06:24,900 Xhulja Duka: journey with ACCA, as well. At the same time I 130 00:06:24,900 --> 00:06:28,380 Xhulja Duka: was working, I looked for an internship. And as soon 131 00:06:28,380 --> 00:06:32,399 Xhulja Duka: as I said, " I'm working towards ACCA," they said, " Okay, 132 00:06:32,520 --> 00:06:37,859 Xhulja Duka: good. There's an ambitious girl who has work ethic," of 133 00:06:37,860 --> 00:06:43,589 Xhulja Duka: course. Because that's what ACCA gives you, basically. It makes 134 00:06:43,589 --> 00:06:47,640 Xhulja Duka: you more reliable and more professional to people, which is 135 00:06:47,670 --> 00:06:51,269 Xhulja Duka: very important in the financial career. You are dealing with 136 00:06:51,270 --> 00:06:55,469 Xhulja Duka: money, you are dealing with different assets. So it's really 137 00:06:55,470 --> 00:07:00,210 Xhulja Duka: important for people to trust your ethics and professionalism. That's when 138 00:07:00,480 --> 00:07:04,500 Xhulja Duka: I started. Now I have only two exams left so 139 00:07:04,500 --> 00:07:07,469 Xhulja Duka: I can reach to the next stage of my career 140 00:07:07,469 --> 00:07:12,720 Xhulja Duka: and become a full analyst. And this is what ACCA 141 00:07:13,860 --> 00:07:15,630 Xhulja Duka: does, basically. It helps you grow. 142 00:07:16,050 --> 00:07:18,870 Maiki Lynch: That's a fantastic answer. So you've only got two exams left 143 00:07:18,870 --> 00:07:19,260 Maiki Lynch: to do. 144 00:07:19,410 --> 00:07:19,710 Xhulja Duka: Yeah. 145 00:07:19,830 --> 00:07:22,229 Maiki Lynch: So you've passed many exams so far. What does it 146 00:07:22,230 --> 00:07:24,719 Maiki Lynch: feel like to pass when you've opened that email or 147 00:07:24,719 --> 00:07:28,229 Maiki Lynch: that text message that gives you your passing mark? 148 00:07:28,500 --> 00:07:34,770 Xhulja Duka: It's the greatest satisfaction to see your achievements become true, 149 00:07:34,770 --> 00:07:39,510 Xhulja Duka: your dreams become true. In a way, you feel properly 150 00:07:39,510 --> 00:07:43,889 Xhulja Duka: that all this investment that you've put on all this 151 00:07:43,889 --> 00:07:48,029 Xhulja Duka: time, everything that you had to invest, it gives you 152 00:07:48,029 --> 00:07:52,650 Xhulja Duka: a reward. It has a light in the end of 153 00:07:52,650 --> 00:07:53,280 Xhulja Duka: the tunnel. 154 00:07:54,060 --> 00:07:57,059 Maiki Lynch: And could you go over a little bit about what 155 00:07:57,059 --> 00:08:00,480 Maiki Lynch: investment there is? As in, are we talking time, work? 156 00:08:00,719 --> 00:08:03,839 Maiki Lynch: What goes into taking the exams and what has that 157 00:08:04,320 --> 00:08:05,100 Maiki Lynch: looked like for you? 158 00:08:05,400 --> 00:08:10,230 Xhulja Duka: Obviously, it requires a lot of time management. Basically, you 159 00:08:10,230 --> 00:08:13,770 Xhulja Duka: need to sacrifice a lot of time, do a lot 160 00:08:13,770 --> 00:08:17,910 Xhulja Duka: of reading, of course, and be very well- prepared. For 161 00:08:17,910 --> 00:08:21,540 Xhulja Duka: me, it was a sacrifice that those hours I could 162 00:08:21,540 --> 00:08:25,740 Xhulja Duka: be working, but I was instead studying. And in the 163 00:08:25,740 --> 00:08:28,710 Xhulja Duka: end of the day, as far as I can see, 164 00:08:28,710 --> 00:08:32,400 Xhulja Duka: progressing through my career, all these hours that I invested 165 00:08:32,940 --> 00:08:35,730 Xhulja Duka: in studying so that I didn't go to work or 166 00:08:35,880 --> 00:08:39,509 Xhulja Duka: do socializing or do something else, take a trip for 167 00:08:39,509 --> 00:08:44,190 Xhulja Duka: myself or just be on my own time, basically, it 168 00:08:44,190 --> 00:08:47,309 Xhulja Duka: has its rewards; because it helps you grow and in 169 00:08:47,309 --> 00:08:51,060 Xhulja Duka: the future it helps you earn more money and be 170 00:08:51,150 --> 00:08:55,230 Xhulja Duka: in another position for yourself, be more independent, be more 171 00:08:55,230 --> 00:08:57,480 Xhulja Duka: proud of yourself, be more professional. 172 00:08:58,289 --> 00:09:02,670 Maiki Lynch: And have you found other people as part of a 173 00:09:02,670 --> 00:09:06,300 Maiki Lynch: student community? Is there a community of those who are studying? 174 00:09:07,440 --> 00:09:12,210 Xhulja Duka: There is a large community, actually. People in finance or 175 00:09:12,210 --> 00:09:21,449 Xhulja Duka: our people aim towards ACCA because it is a internationally recognized title, of 176 00:09:21,450 --> 00:09:26,220 Xhulja Duka: course. But I actually found my study buddy in my 177 00:09:26,220 --> 00:09:30,090 Xhulja Duka: friend at uni. She was an ambitious girl, like all 178 00:09:30,090 --> 00:09:34,920 Xhulja Duka: 70% plus. So we joined together and we are currently 179 00:09:34,920 --> 00:09:38,730 Xhulja Duka: studying towards ACCA so we can have it in our 180 00:09:38,730 --> 00:09:39,720 Xhulja Duka: pocket, let's say. 181 00:09:40,410 --> 00:09:45,120 Maiki Lynch: That's lovely. That's really lovely. What's been hard? Has there 182 00:09:45,840 --> 00:09:49,139 Maiki Lynch: been any bumps in the road in your journey through 183 00:09:49,139 --> 00:09:50,550 Maiki Lynch: the qualification? 184 00:09:51,780 --> 00:09:56,610 Xhulja Duka: Of course, because life happens when we are busy doing 185 00:09:56,610 --> 00:10:04,290 Xhulja Duka: other things; like family time that required money, attention, loss 186 00:10:04,290 --> 00:10:09,059 Xhulja Duka: of travel because of work, university studies, as well, at 187 00:10:09,059 --> 00:10:12,359 Xhulja Duka: the same time. So I was doing three jobs and 188 00:10:12,359 --> 00:10:14,040 Xhulja Duka: ACCA at the same time. 189 00:10:14,340 --> 00:10:15,030 Maiki Lynch: Three jobs? 190 00:10:15,240 --> 00:10:15,960 Xhulja Duka: Yes. 191 00:10:17,070 --> 00:10:17,130 Maiki Lynch: Wow. 192 00:10:17,190 --> 00:10:21,300 Xhulja Duka: So time management is a quality that was a must 193 00:10:21,300 --> 00:10:25,500 Xhulja Duka: for me. But still, even with three jobs and life 194 00:10:25,500 --> 00:10:29,549 Xhulja Duka: happening on the other side in uni, I'm telling you, 195 00:10:29,549 --> 00:10:32,910 Xhulja Duka: you can still do ACCA and still excel on it. 196 00:10:33,809 --> 00:10:37,500 Maiki Lynch: I think that's a really inspiring message to hold down 197 00:10:37,500 --> 00:10:41,218 Maiki Lynch: three roles and still be continuing with your studies with 198 00:10:41,219 --> 00:10:44,458 Maiki Lynch: that goal of getting to the end. That's really lovely 199 00:10:44,460 --> 00:10:46,739 Maiki Lynch: to hear. Ravi, I want to come back to you. How do you 200 00:10:47,549 --> 00:10:50,520 Maiki Lynch: think your job will change when you've completed your exams? 201 00:10:50,520 --> 00:10:51,001 Maiki Lynch: You've got five to go. 202 00:10:51,001 --> 00:10:53,460 Ravi Tanna: I think my job will still stay the same, but 203 00:10:53,460 --> 00:10:56,820 Ravi Tanna: there'll be opportunity to be promoted in the company, maybe 204 00:10:56,820 --> 00:11:01,679 Ravi Tanna: more management positions. Or if I want to leave, in 205 00:11:01,679 --> 00:11:04,919 Ravi Tanna: say five or 10 years, there'll be other opportunities worldwide. 206 00:11:05,339 --> 00:11:08,309 Ravi Tanna: So I think because ACCA is recognized worldwide, so it's a good qualification to 207 00:11:08,309 --> 00:11:11,280 Ravi Tanna: have. You can go and work abroad and we have 208 00:11:11,280 --> 00:11:12,809 Ravi Tanna: offices all around the world, as well, so we can 209 00:11:12,809 --> 00:11:15,090 Ravi Tanna: even maybe move between those offices. 210 00:11:15,090 --> 00:11:19,170 Maiki Lynch: And what have you enjoyed about the process so far? I 211 00:11:19,170 --> 00:11:22,139 Maiki Lynch: know that your journey, you've started, you've stopped, you've gone 212 00:11:22,139 --> 00:11:24,388 Maiki Lynch: back, and now we're at the point where we've got 213 00:11:24,389 --> 00:11:26,730 Maiki Lynch: lots of passes under our belts, we've got five more 214 00:11:26,730 --> 00:11:29,820 Maiki Lynch: exams to go. What have you enjoyed about the process 215 00:11:29,820 --> 00:11:30,300 Maiki Lynch: so far? 216 00:11:30,360 --> 00:11:34,380 Ravi Tanna: I like how when you are practicing the studying and 217 00:11:34,380 --> 00:11:37,349 Ravi Tanna: revising and you feel that you're getting the answers right, 218 00:11:37,349 --> 00:11:40,679 Ravi Tanna: I just feel that you feel that you're achieving something. I think it is 219 00:11:42,720 --> 00:11:45,960 Ravi Tanna: a self- confidence thing. So I definitely feel that after 220 00:11:45,960 --> 00:11:48,540 Ravi Tanna: passing these exams and studying for the exams, it definitely 221 00:11:48,540 --> 00:11:52,650 Ravi Tanna: helps the self- confidence. And then that mirrors into your 222 00:11:52,650 --> 00:11:54,238 Ravi Tanna: work, as well, because you can apply a lot of 223 00:11:54,240 --> 00:11:58,529 Ravi Tanna: the skills, the discipline and the learning that you learn through ACCA 224 00:11:58,529 --> 00:12:00,660 Ravi Tanna: into your day- to- day work. You don't realize it, 225 00:12:00,660 --> 00:12:06,750 Ravi Tanna: but subconsciously it does improve your work standards, self- confidence. 226 00:12:07,530 --> 00:12:11,009 Maiki Lynch: Have you found a student community? Is there someone that 227 00:12:11,009 --> 00:12:14,429 Maiki Lynch: you are studying with or a group that you've worked with? 228 00:12:14,429 --> 00:12:19,530 Ravi Tanna: I use FME Learning. They're a learning provider. And each time 229 00:12:19,530 --> 00:12:22,110 Ravi Tanna: we do a subject, the tutor creates a WhatsApp group. 230 00:12:22,860 --> 00:12:25,650 Ravi Tanna: For three months you are in contact with everyone that's 231 00:12:25,650 --> 00:12:27,960 Ravi Tanna: studying in that period. So there'll be a lot of 232 00:12:27,960 --> 00:12:30,838 Ravi Tanna: questions going back and forth about any queries they have on 233 00:12:30,840 --> 00:12:34,049 Ravi Tanna: an exam question to the tutor and they've always answered 234 00:12:34,049 --> 00:12:38,460 Ravi Tanna: it straight away. So there is a community every three months whenever 235 00:12:38,460 --> 00:12:40,230 Ravi Tanna: you do the exams with this learning provider. 236 00:12:41,190 --> 00:12:42,179 Maiki Lynch: That's fantastic. 237 00:12:42,179 --> 00:12:42,510 Ravi Tanna: Yeah. It's really good. 238 00:12:43,500 --> 00:12:47,130 Maiki Lynch: What's been difficult about progressing through your studies? 239 00:12:47,130 --> 00:12:51,089 Ravi Tanna: To be honest, I feel like it's making time for 240 00:12:51,089 --> 00:12:54,960 Ravi Tanna: yourself, as well, and your friends and your partner, family. 241 00:12:55,260 --> 00:12:57,780 Ravi Tanna: And that's what I find the most hard; because sometimes when 242 00:12:57,780 --> 00:13:00,000 Ravi Tanna: you work in a job Monday to Friday, you might 243 00:13:00,000 --> 00:13:02,699 Ravi Tanna: work till say 8: 00 sometimes or 7: 00, and 244 00:13:02,700 --> 00:13:04,140 Ravi Tanna: then the weekend is the only time you get to 245 00:13:04,320 --> 00:13:06,420 Ravi Tanna: relax and wind down. And if you have to go 246 00:13:06,420 --> 00:13:08,849 Ravi Tanna: straight into your studies on a Saturday morning or a 247 00:13:08,849 --> 00:13:12,149 Ravi Tanna: Friday evening and you have to sacrifice saying no to 248 00:13:12,150 --> 00:13:15,510 Ravi Tanna: people, not going on holidays, missing out on having great 249 00:13:15,510 --> 00:13:19,920 Ravi Tanna: times with your friends or your partner, I feel that's 250 00:13:19,920 --> 00:13:24,179 Ravi Tanna: what's been the most difficult. So just balancing everything in 251 00:13:24,179 --> 00:13:26,879 Ravi Tanna: terms of saying no to people and just keeping your 252 00:13:26,880 --> 00:13:28,740 Ravi Tanna: head on the studying game. 253 00:13:28,740 --> 00:13:30,900 Maiki Lynch: On the prize. 254 00:13:30,929 --> 00:13:34,500 Ravi Tanna: On the prize, yeah. And I took the time out 255 00:13:34,500 --> 00:13:36,090 Ravi Tanna: and I managed to go and see a lot of places 256 00:13:36,090 --> 00:13:39,870 Ravi Tanna: around the world and do scuba diving, practice my hobbies. 257 00:13:40,320 --> 00:13:41,820 Ravi Tanna: But I can't do that right now. Now I have 258 00:13:41,820 --> 00:13:44,130 Ravi Tanna: to say, look, you know what, I can't go away right now. I need to 259 00:13:44,280 --> 00:13:47,369 Ravi Tanna: just focus and that's why I have to sacrifice. That's 260 00:13:47,369 --> 00:13:48,059 Ravi Tanna: the hardest thing. 261 00:13:48,389 --> 00:13:51,720 Maiki Lynch: Is there something that you'll reward yourself with when you 262 00:13:51,720 --> 00:13:52,500 Maiki Lynch: do qualify? 263 00:13:52,620 --> 00:13:55,440 Ravi Tanna: I would like to travel, maybe just go away for 264 00:13:55,440 --> 00:13:57,630 Ravi Tanna: three months. I don't know if my employer will allow me, but 265 00:13:57,630 --> 00:14:02,009 Ravi Tanna: I'd love to just go to the Philippines, Bali or Southeast 266 00:14:02,009 --> 00:14:05,609 Ravi Tanna: Asia and I just want to go away. I just want to travel. I think that's the 267 00:14:05,609 --> 00:14:06,629 Ravi Tanna: best thing, honestly. 268 00:14:06,629 --> 00:14:07,199 Maiki Lynch: Disappear. 269 00:14:07,590 --> 00:14:09,660 Ravi Tanna: Disappear and switch off. And honestly, I would like to 270 00:14:09,660 --> 00:14:13,500 Ravi Tanna: do it by myself, as well, now, because I just 271 00:14:13,500 --> 00:14:16,619 Ravi Tanna: imagine myself just sitting on a beach. Because even when you go 272 00:14:16,830 --> 00:14:19,019 Ravi Tanna: on holiday and you know have to come back to 273 00:14:19,020 --> 00:14:21,000 Ravi Tanna: studying... Work is work, but when you have to come 274 00:14:21,000 --> 00:14:23,670 Ravi Tanna: back studying, it's a big shock to system to get 275 00:14:23,670 --> 00:14:25,500 Ravi Tanna: back into it. I think it takes me about two 276 00:14:25,500 --> 00:14:27,480 Ravi Tanna: to three weeks to actually sit there on a desk 277 00:14:28,170 --> 00:14:30,330 Ravi Tanna: on a Saturday and say, " Look, just focus on that one 278 00:14:30,330 --> 00:14:32,970 Ravi Tanna: thing," and not look at my phone, not watch TV 279 00:14:32,970 --> 00:14:34,950 Ravi Tanna: or not go out or anything like that. So it'd 280 00:14:34,950 --> 00:14:36,750 Ravi Tanna: be nice just to go away and just completely switch 281 00:14:36,750 --> 00:14:39,000 Ravi Tanna: off and not have to think about sitting on a 282 00:14:39,000 --> 00:14:41,340 Ravi Tanna: desk for three months or something like that on the weekends. 283 00:14:41,340 --> 00:14:44,190 Maiki Lynch: You're not going to take some ACCA notes or some light reading to the beach? 284 00:14:45,090 --> 00:14:50,190 Ravi Tanna: Whenever I've done that, I always say I would do that. And then when I take it there, I never look at them. So 285 00:14:50,430 --> 00:14:54,060 Ravi Tanna: I always feel just maybe just leave the notes back home. 286 00:14:55,770 --> 00:14:59,040 Maiki Lynch: Would you do anything differently if you could go back? 287 00:14:59,040 --> 00:15:02,580 Ravi Tanna: Yeah, I think if I could go back now, say 10 years, 288 00:15:02,580 --> 00:15:06,300 Ravi Tanna: I think I would've finished my... If you can do that, 289 00:15:06,810 --> 00:15:08,580 Ravi Tanna: I would feel that just don't even work if you 290 00:15:08,580 --> 00:15:11,160 Ravi Tanna: can and maybe just do the exams for a year 291 00:15:11,160 --> 00:15:15,300 Ravi Tanna: or two years and just focus on your exams. Because 292 00:15:17,790 --> 00:15:20,520 Ravi Tanna: if you have the opportunity not to have to, living at home 293 00:15:20,520 --> 00:15:22,110 Ravi Tanna: or whatever, I say just do your exams for two 294 00:15:22,110 --> 00:15:24,690 Ravi Tanna: years, like a university degree, and just treat it like 295 00:15:24,690 --> 00:15:27,210 Ravi Tanna: that and then go into the work world. Because I 296 00:15:27,210 --> 00:15:30,030 Ravi Tanna: think work's always there for you if you're studying or 297 00:15:30,030 --> 00:15:33,839 Ravi Tanna: something like that; but in terms of exams, you need 298 00:15:33,839 --> 00:15:35,129 Ravi Tanna: to give your time to that. So I would say 299 00:15:35,129 --> 00:15:37,710 Ravi Tanna: I would've completed it say 10 years ago and just 300 00:15:37,710 --> 00:15:39,450 Ravi Tanna: focused on my studies and not focused on looking for 301 00:15:39,450 --> 00:15:40,500 Ravi Tanna: a job or working. 302 00:15:41,730 --> 00:15:45,330 Maiki Lynch: I think there are many different ways of gaining your qualification. 303 00:15:45,330 --> 00:15:47,940 Maiki Lynch: And obviously, studying full- time is definitely one of them. 304 00:15:49,049 --> 00:15:50,909 Maiki Lynch: But then I guess you're missing out on the experience 305 00:15:50,910 --> 00:15:54,660 Maiki Lynch: that you are gaining in the workplace that solidifies what you are learning 306 00:15:54,690 --> 00:15:58,650 Maiki Lynch: in the classroom, whether that's in person or online. Xhulja , 307 00:15:58,830 --> 00:16:01,800 Maiki Lynch: would you change anything? Would you do anything differently if 308 00:16:01,800 --> 00:16:04,500 Maiki Lynch: you could go back to the start of your studies? 309 00:16:05,370 --> 00:16:09,899 Xhulja Duka: To be honest, I was fully invested since I started 310 00:16:09,900 --> 00:16:15,180 Xhulja Duka: the journey with ACCA and I wouldn't have done anything 311 00:16:15,180 --> 00:16:18,570 Xhulja Duka: differently, even though it cost me a lot, like social 312 00:16:18,570 --> 00:16:24,090 Xhulja Duka: life and everything. But I can say with full voice, 313 00:16:24,120 --> 00:16:27,630 Xhulja Duka: let's say, it was worth it in the end. So 314 00:16:28,500 --> 00:16:31,290 Xhulja Duka: everything was worth it all the time. 315 00:16:34,050 --> 00:16:37,890 Maiki Lynch: That's lovely. What resources have you found helpful to you? You're 316 00:16:38,580 --> 00:16:41,729 Maiki Lynch: so far through your studies, you are almost at the 317 00:16:41,729 --> 00:16:44,669 Maiki Lynch: end and I hope you'll stay in touch and you'll 318 00:16:44,670 --> 00:16:48,209 Maiki Lynch: let us know when the end has arrived and you've 319 00:16:48,209 --> 00:16:51,060 Maiki Lynch: got no more studies left to do. But what resources 320 00:16:51,060 --> 00:16:52,410 Maiki Lynch: have you found helpful? 321 00:16:53,580 --> 00:16:59,460 Xhulja Duka: There are all sorts of resources online. You have everything 322 00:16:59,759 --> 00:17:03,509 Xhulja Duka: you need. But what I use actually is the Kaplan 323 00:17:03,509 --> 00:17:10,770 Xhulja Duka: books and the ACCA resources to do different mock tests, which 324 00:17:10,770 --> 00:17:15,090 Xhulja Duka: are very, very helpful. You test yourself before you're going 325 00:17:15,388 --> 00:17:19,079 Xhulja Duka: to the actual exam, so you have the opportunity to 326 00:17:19,080 --> 00:17:22,589 Xhulja Duka: see where you stand and how far you need to 327 00:17:22,590 --> 00:17:26,430 Xhulja Duka: go. It's a clear mirror. I would suggest to all 328 00:17:26,430 --> 00:17:29,760 Xhulja Duka: of the students, actually, firstly to start with the mock 329 00:17:29,760 --> 00:17:34,468 Xhulja Duka: test, see where you are, then study through the ACCA 330 00:17:34,469 --> 00:17:39,000 Xhulja Duka: materials, Kaplan books. Everything you need is there. And if 331 00:17:39,000 --> 00:17:42,330 Xhulja Duka: you find boring, like reading a book, you are not 332 00:17:42,330 --> 00:17:45,600 Xhulja Duka: the bookish type, there are so many videos on YouTube 333 00:17:46,109 --> 00:17:47,490 Xhulja Duka: which are very helpful. 334 00:17:47,910 --> 00:17:51,510 Maiki Lynch: Thank you. I think that's great advice and that's something that 335 00:17:51,510 --> 00:17:55,259 Maiki Lynch: we also advise at ACCA. Practice is key. Practice, practice, 336 00:17:55,259 --> 00:17:59,940 Maiki Lynch: practice, in terms of question practice for your exam. Have 337 00:17:59,940 --> 00:18:04,590 Maiki Lynch: any of the exams or study helped specifically in your 338 00:18:04,590 --> 00:18:05,850 Maiki Lynch: work so far? 339 00:18:06,480 --> 00:18:10,290 Xhulja Duka: Absolutely. In the beginning when I started the ACCA, it was 340 00:18:10,740 --> 00:18:14,729 Xhulja Duka: taxation actually helped me a lot because I was working 341 00:18:14,730 --> 00:18:19,110 Xhulja Duka: before in an accountancy office. So obviously, it helped me 342 00:18:19,500 --> 00:18:24,480 Xhulja Duka: through the self- assessment, different taxes for different business. And 343 00:18:24,480 --> 00:18:28,350 Xhulja Duka: then it was strategic business leader, which I actually just 344 00:18:29,700 --> 00:18:32,671 Xhulja Duka: did in December. Still waiting for the results next week. 345 00:18:32,671 --> 00:18:32,672 Maiki Lynch: Keep my fingers crossed. 346 00:18:32,672 --> 00:18:39,180 Xhulja Duka: Yes, please. And it helped me through the financial journey 347 00:18:39,180 --> 00:18:44,668 Xhulja Duka: to understand better the corporation world and how it works. 348 00:18:45,150 --> 00:18:50,519 Xhulja Duka: So definitely, as you previously said, it is very important to get 349 00:18:50,520 --> 00:18:54,688 Xhulja Duka: in touch with the reality. From studying ACCA, you are 350 00:18:54,690 --> 00:18:57,960 Xhulja Duka: in touch with the reality, as well, so it helps. 351 00:18:59,070 --> 00:19:02,010 Maiki Lynch: And as you're so close to the end of your 352 00:19:02,190 --> 00:19:04,859 Maiki Lynch: studies, what are your hopes when you finish? 353 00:19:05,550 --> 00:19:12,869 Xhulja Duka: When I finish, I'll start another title with ACCA. That's the 354 00:19:12,869 --> 00:19:16,438 Xhulja Duka: beauty of the ACCA title. It gives you basically the 355 00:19:16,440 --> 00:19:21,089 Xhulja Duka: basis to reach for the stars, in a way. Because 356 00:19:21,090 --> 00:19:26,849 Xhulja Duka: there are titles which I've been researching on; actually, international 357 00:19:26,849 --> 00:19:30,329 Xhulja Duka: audit. Because it's not just finance and accounting, it's the 358 00:19:30,330 --> 00:19:34,619 Xhulja Duka: auditing, as well. And there are so many career opportunities 359 00:19:34,619 --> 00:19:39,780 Xhulja Duka: out there, like international opportunities. So just put a finger 360 00:19:39,780 --> 00:19:42,270 Xhulja Duka: on the globe and you can be there with ACCA. 361 00:19:42,719 --> 00:19:46,320 Maiki Lynch: What an inspirational message there. But I do understand where 362 00:19:46,320 --> 00:19:49,470 Maiki Lynch: you are coming from. It is an internationally- recognized qualification in 363 00:19:50,070 --> 00:19:53,910 Maiki Lynch: accounting and finance. There's so many career paths open to you, 364 00:19:53,910 --> 00:19:57,418 Maiki Lynch: specifically once you have qualified. Xhulja, can you tell me 365 00:19:57,570 --> 00:20:01,710 Maiki Lynch: if there have been any rewarding aspects about studying for the qualification? 366 00:20:02,730 --> 00:20:08,190 Xhulja Duka: Of course. My teacher obviously knew that I was studying 367 00:20:08,190 --> 00:20:12,300 Xhulja Duka: towards ACCA, so she selected me as one of the 368 00:20:12,300 --> 00:20:16,770 Xhulja Duka: students to make it to this international competition for the 369 00:20:16,770 --> 00:20:23,219 Xhulja Duka: UK. And basically, we submitted our application and I was 370 00:20:23,219 --> 00:20:27,690 Xhulja Duka: selected Accountancy Graduate of the Year by the PQ magazine. 371 00:20:27,690 --> 00:20:34,499 Maiki Lynch: That's amazing. That's really amazing. You got your trophy. Did 372 00:20:34,500 --> 00:20:35,190 Maiki Lynch: you get to keep it? 373 00:20:35,400 --> 00:20:38,669 Xhulja Duka: Yes, I got to keep it. I have it at home. 374 00:20:39,780 --> 00:20:42,000 Maiki Lynch: That's really fantastic. I'm very impressed. 375 00:20:42,779 --> 00:20:43,289 Xhulja Duka: Thank you. 376 00:20:43,589 --> 00:20:47,340 Maiki Lynch: I'd like to return to you, Ravi. Is the training worth it? 377 00:20:47,340 --> 00:20:54,960 Ravi Tanna: I think it is, yeah. I think it definitely is. Like Xhulja was saying, there's a module financial reporting, 378 00:20:55,530 --> 00:20:57,989 Ravi Tanna: and I find that really helpful in my work because 379 00:20:57,990 --> 00:21:01,619 Ravi Tanna: of looking at balance sheets, financial statements, cashflow statements. So that 380 00:21:01,619 --> 00:21:05,280 Ravi Tanna: worked hand- in- hand. What you're studying, the study actually 381 00:21:05,280 --> 00:21:09,000 Ravi Tanna: is very detailed, but overall what you're learning can be 382 00:21:09,000 --> 00:21:11,160 Ravi Tanna: applied in your day- to- day work. So I think 383 00:21:11,160 --> 00:21:14,250 Ravi Tanna: it is worth it 100 percent. Yeah. 384 00:21:14,940 --> 00:21:17,520 Maiki Lynch: Have you done strategic business reporting just yet? 385 00:21:17,789 --> 00:21:18,388 Ravi Tanna: Not yet. No. 386 00:21:18,749 --> 00:21:20,879 Maiki Lynch: You're going to love it. It's going to be great. Xhulja 387 00:21:22,200 --> 00:21:24,780 Maiki Lynch: , I want to come to you. Is the training worth it in your opinion? 388 00:21:25,560 --> 00:21:31,978 Xhulja Duka: It is definitely worth it. As Ravi previously said, it's day- to- 389 00:21:31,980 --> 00:21:34,920 Xhulja Duka: day life. It applies to day- to- day life because 390 00:21:34,920 --> 00:21:37,710 Xhulja Duka: in the end that's what you need, something that's going 391 00:21:37,710 --> 00:21:41,609 Xhulja Duka: to be applied in reality. We are more and more 392 00:21:41,609 --> 00:21:45,780 Xhulja Duka: going into a practical world who teaches exactly what you 393 00:21:45,780 --> 00:21:49,290 Xhulja Duka: need to do and that's what ACCA does. 394 00:21:49,380 --> 00:21:52,740 Maiki Lynch: And lastly, if you were to give some advice to 395 00:21:52,740 --> 00:21:56,460 Maiki Lynch: someone listening at home who's considering accounting and finance as 396 00:21:56,460 --> 00:21:59,070 Maiki Lynch: their career path, what advice would you give them? 397 00:21:59,550 --> 00:22:04,830 Xhulja Duka: Please do, first of all. But what amazes me about 398 00:22:04,830 --> 00:22:08,580 Xhulja Duka: the world of finance is you don't get just stuck there. 399 00:22:08,910 --> 00:22:12,630 Xhulja Duka: It just opens the door to so many other opportunities. 400 00:22:13,289 --> 00:22:17,908 Xhulja Duka: So basically, if you've chosen finance, you just chose to 401 00:22:17,910 --> 00:22:23,129 Xhulja Duka: open the door to many opportunities for yourself. So please do. 402 00:22:24,210 --> 00:22:26,459 Maiki Lynch: And Ravi, same to you. If you could give some 403 00:22:26,460 --> 00:22:29,429 Maiki Lynch: advice to someone at home who's considering this career path, 404 00:22:29,789 --> 00:22:30,991 Maiki Lynch: what would you say to them? 405 00:22:30,991 --> 00:22:35,730 Xhulja Duka: Yeah, like Xhulja said, finance and accounting has so many different areas. 406 00:22:35,730 --> 00:22:39,240 Xhulja Duka: You've got FP& A, you've got audit, you've got tax. 407 00:22:39,240 --> 00:22:41,849 Xhulja Duka: There's so many areas you can look into. And ACCA does 408 00:22:41,849 --> 00:22:44,549 Xhulja Duka: actually cover every single area, as well, which is great. 409 00:22:44,549 --> 00:22:47,819 Xhulja Duka: So you might pick something up when you're studying and 410 00:22:47,820 --> 00:22:49,830 Xhulja Duka: you will enjoy that area, say tax, and you can 411 00:22:49,830 --> 00:22:52,138 Xhulja Duka: actually apply for that job in the future when you're qualified. 412 00:22:52,619 --> 00:22:55,770 Xhulja Duka: But if you are looking to do ACCA, I would 413 00:22:55,770 --> 00:23:00,300 Xhulja Duka: say exam practice. If you're doing these exams, ACCA provides 414 00:23:00,330 --> 00:23:03,780 Xhulja Duka: a website that provides you with many examples of exam questions. 415 00:23:04,080 --> 00:23:07,290 Xhulja Duka: So I would say just be prepared to just practice 416 00:23:07,290 --> 00:23:09,150 Xhulja Duka: as many questions as you can so when you walk 417 00:23:09,150 --> 00:23:11,550 Xhulja Duka: into the exam, you feel more confident and ready. It's 418 00:23:11,550 --> 00:23:13,890 Xhulja Duka: not just about the knowledge; it's all about the confidence. 419 00:23:13,890 --> 00:23:16,438 Xhulja Duka: I think 50% of the exams is confidence, as well. And if 420 00:23:16,440 --> 00:23:19,199 Xhulja Duka: you practice those exams that ACCA provide on their website, 421 00:23:19,559 --> 00:23:21,208 Xhulja Duka: I think it really helps you to build on that 422 00:23:21,210 --> 00:23:23,970 Xhulja Duka: confidence and walk into the exam to be able to get the pass. 423 00:23:24,810 --> 00:23:29,908 Maiki Lynch: Thank you so much. So that's it from this episode of By 424 00:23:29,910 --> 00:23:33,750 Maiki Lynch: All Accounts. Thank you Xhulja and Ravi for joining me today. 425 00:23:34,109 --> 00:23:36,540 Maiki Lynch: For a link to watch the video version of this podcast, 426 00:23:36,690 --> 00:23:39,929 Maiki Lynch: check out the show notes. With skills in accountancy and finance, 427 00:23:40,049 --> 00:23:43,230 Maiki Lynch: you can work in any business anywhere and turn your 428 00:23:43,230 --> 00:23:48,178 Maiki Lynch: passion into an exciting and rewarding career with an ACCA qualification. 429 00:23:48,900 --> 00:23:51,119 Maiki Lynch: You can sign up to find out more by heading 430 00:23:51,119 --> 00:23:56,700 Maiki Lynch: to accaglobal. com forward slash BU anywhere. That link is 431 00:23:56,700 --> 00:24:00,509 Maiki Lynch: also in the show notes. See you next time. I'm 432 00:24:00,510 --> 00:24:02,130 Maiki Lynch: Maiki Lynch, and this is By All Accounts.