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Advice needed - boyfriend has almost 3.5 years of finance experience at a bank. Interviewed for PwC valuation senior associate and now recruiter says they want to hire him at “experienced associate” because he has no valuation experience. Is this too big of a step backwards in career? Should he push back and see if it gets him anywhere? If he does accept Associate, is it reasonable to ask for written, definitive timeline (1 year?) for promo to Senior upon meeting standards? Help!
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Not sure what I would consider IA. FP&A is more finance than accounting. FP&A is forward looking, while accounting is not.
In my experience, FP&A varies heavily by company and specific role. I've seen a lot of FP&A that is more akin to reporting (what I would consider more of an acct function, even if it's not necessarily reporting gaap metrics) while other roles/companies will set up FP&A to be pure strategic finance
Internal Audit is not considered Accounting. It’s a separate group. Has been known to sit under Finance or even Legal, but is still separate.
By definition, internal audit is an accounting function
I mean you can do them with a degree in accounting
It depends on the nature of internal audit. I've been in a few internal audit roles, some focused on financial internal audit (including SOX), some focused on business process improvement (very consultative in nature), and some focused on IT controls (both SOX ITGC and general IT).
More context is needed for your question.
Generally, accounting experience can qualify you for both IA or FP&A roles.
In this respect, the answer to your question might be "Yes."
In my org FPA gives accounting the story and backup and does all the leg-work, but accounting is working the actual ledger.
Yes, since you can do both with an accounting degree
Rising Star
Both are under the umbrella of accounting