My Least Favourite Time of the Year


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Ever since I’ve moved over to the UK Christmas has not been my favourite time of the year. To be honest, I never really liked it, but it was mostly a bemused attitude towards Christmas-time. Now I just dread it.

What do I miss? Am I missing something? I am missing my family – which right now is just my mother and brother. I miss Kucios. I am used to getting together with family, and family friends, sharing in the 12 meatless dishes, breaking bread, sharing blessings on each other, and reminiscing about loved ones who have passed away. My Christmas was always a quiet and reflective and peaceful time. My parents never showered us with gifts. We did not write letters to Santa either, as there is no Santa Claus in my parents’ traditions – there’s Grandfather Christmas, he wasn’t the kindly fat old man that most kids seem to believe in. I think I was 6yrs old when I had my biggest haul – a batmobile, a barbie and a toy ambulance.

Now I live in the UK and have a new family – my husband’s. It’s a completely different cultural experience for me. As a reminder, my parents are Lithuanian so I grew up with Lithuanian customs and traditions. My husband is English, so I am trying to get used to English/British traditions, but it’s hard. The meal is difficult for me – the focus seems to be eating as much as you can, and then ripping through tonnes of wrapping paper to find something that was originally on your Wish List (that was distributed to the family) anyways, so you have a fair idea of what you’re getting. Part of the joy with my family was that I never knew what I was getting, it was always a surprise .. and was an indication that they thought long & hard as to what they should get you (or at least that is the general idea .. sometimes it was just socks).

For me the evening of December 24th was the magical time. December 25th is a nothing day to me – it’s a day to get together with friends at the local chinese restaurant, have a meal and maybe go see a movie.

So I’ll try and enjoy Christmas, but I am desperately missing my mother and enjoying my own cultural traditions. I believe my ennui in many ways is due to the fact that I don’t really get to celebrate my cultural traditions – I feel stifled in many ways in that regard.



I’m Married! And Still MsBean

I am now married for over 2 months now, to a certain Mr Countrymunkle. But I am not Mrs Countrymunkle, oh no, I am still Ms Bean. In this modern age, now that we are in the 21st Century I don’t need feel the need to define myself as someone’s chattel.


I was asked many times what my new surname would be and in many ways I felt defensive, as if I had to justify keeping my own name – which I have had for over 40yrs. And my attitude was and still is – why should society expect me, the woman, to change her name & identity, defining myself as a “wife” immediately, whilst my husband can still carry on his merry little way with no one the wiser as to what his identity is, unless he discloses that he is in fact married.


So I have been pondering this issue. Why does society expect women to give up their birth name? I found an interesting article on BBC Magazine where the author, Sophie Coulombeau, asks the same question. Having done a year studying British Social History, myself, in university and discussing the concept of marriage in the various social strata, I always believed that the “custom” of the woman changing her name is due to a feudal concept of the woman becoming the property of the man. And my assumptions/beliefs seem to jive with this article, in particular this passage:

British hereditary surnames are only about 1,000 years old. Imported by the French around the time of the Norman Conquest, they stabilised throughout much of English society by the 14th Century .. Married women .. were perceived to have no surname at all, since the Normans had also brought with them the doctrine of coverture, the legal principle that, upon marriage, a woman became her husband’s possession. Her state of namelessness reflected this. In the words of one court in 1340, “when a woman took a husband, she lost every surname except ‘wife of'”.

But, around the turn of the 15th Century, the French doctrine of coverture received a unique English twist. There was another interpretation of coverture available, based on scriptural ideas, which focused not on the husband’s power over his wife but on the unity that marriage gave them.

In the words of the English jurist Henry de Bracton, they became “a single person, because they are one flesh and one blood”. As this idea gained ground, so did the clerical habit of designating a married woman by her husband’s surname. The married woman had formerly been a vassal with no surname at all, but now, in theory, she came to share the surname of her husband as a symbol of their legal and spiritual unity.

However, if there was one person in a marriage, that person was the husband. Married women still could not hold property, vote, or go to law. Legally, at the point of marriage they ceased to exist.

By the early 17th Century, the custom of the woman adopting her husband’s surname was sufficiently entrenched in England that the antiquarian William Camden could write: “Women with us, at their marriage, do change their surnames, and pass into their husbands names, and justly. For they are no more twain, but one flesh.”

Crucially, the custom was also specific to England. Camden noted with disapproval: “And yet in France and the Netherlands, the better sort of women will still retain their own name with their husbands… But I fear husbands will not like this note, for that some of their dames may be ambitiously over-pert and too forward to imitate it.”


I also remember from my studies, that there were several societies that were matrilineal – not matrilineal, not matriarchal. The Egyptians had this concept – the right to rule was through the female line – so if you wanted to be pharaoh you had to marry the Princess; and this is how we get the whole sorry story of brother marrying sister in Egypt, to keep it all in the family.


As well, in several societies a child automatically gets the mother’s surname – so if unmarried the child will automatically get whatever the mother’s surname is unless specifically told otherwise. So this whole giving up one’s name is possibly an extension of needing to “imprint” the husband’s surname on his children – to label them as “his” first and foremost.


Anywho, I ramble on. I, myself, do not feel the need nor desire to give up my identity. I have held my name for this many decades, it is part of who I am. My husband is British and I am the product of two Lithuanian Immigrants, who went through many hardships (running from the Red Army, living under Communist Rule, nearly being sent to a Siberian Gulag). I am proud of my own heritage – and no disrespect to my husband and his family, but I am deeply proud of my heritage, and I feel that a bit of it will die a little if all of a sudden I take on his surname.


Now, if both of us changed our surnames to something completely different I would welcome that – as both of would be making the change in our identities.

It’s Been a Year – So much has happened & not happened


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Wow, can’t believe it’s been over 12 months since I’ve blogged. Where has the time gone?

A few things have happened, both ill and great:

  • got engaged during the New Year, getting married next month – September – to my Munkie.
  • got a cat – his official name is Flip-Flop, but we just call him Flippie. He’s bit of an odd little fellow. If you’re wearing a dressing gown or anything thick & fluffy he assumes your forearm is a lady cat, and he likes to grind himself. He is fixed – so I don’t know where this obsession of his comes from. He meows at us rather forcefully until we are in position.
  • Left my job at the Housing Association – lodged a formal complaint of office bullying, with my manager being the bully. Naturally, HR sided with my manager. Karma can be a bitch, and it is now biting them in the arse – it’s finally coming out that I wasn’t some overly emotional twit, just wish they had realised this before I left them.
  • I’m in a new role, but I don’t like it here very much. I have serious doubts of them being a going concern. The MD likes to pillage the bank account to pay for her children’s techie toys (ipads, imacs, iphones) and for their taxi trips, cos the precious darlings cannot be expected to actually take the train or bus. And her Housekeeper is on our payroll. The company is also in trouble with HMRC & Companies House. I have been working for the past 3 months trying to get the cash in order, and once I think I’ve gotten close, WHAM, I’m back to square one. It’s so bad I don’t actually do any accounting – it’s all the fricken cash collections all the time. I feel like a glorified Cash Receipts Clerk.
  • I have gone out to my first ritual since coming to the UK – Lughnasadh – and it was fun. It was a little low key, but I liked that for my first foray into British Pagan Public Rites. I met some lovely people as well, so hopefully I can actually start forming those friends that I am craving. Still incredibly lonely in that regard.
  • I have a little tumour in my bladder – working on getting that excised. Originally it was to be done on 18/07/15 but the twat who is my urologist decided at the last moment that he wasn’t prepared, as I was too complex a case. So they are trying again, 18/08/15, but with a different urologist – a uro-oncologist – basically a bladder cancer specialist. Is it cancer? Probably is, but I won’t hyperventilate until I know all the results.
  • Saw Yalla & Kerstin this past December, for the Christmas Markets in Germany. I hadn’t seen them in a while, since June 2010, and Munkie had never met them. All he knew was what myself & Ruthie said about them, so naturally he was quite nervous to meet them. I convinced Madam to join us in this excursion and it was great fun. Next week Kerstin & Yalla visit us, so we will be traipsing about looking at flower gardens and other fun sites in the New Forest/South Coast.
  • Now I’m just madly crocheting my wedding bouquet & little table favours.

Being Demoted … sort of

So I have been working in my first permanent job since I moved to the UK. I was so excited to get something, because deep down I crave stability in my career – and temporary roles just make me anxious. So I was excited. And I thought I was doing okay, my monthly meetings with my manager seemed to go very well and she had nothing but praise for me. Then I got sick.

I got sick with sepsis in April. It was a complete fluke, one minute I was okay puttering about in the kitchen, and the next I’m begging Munkie to take me to A&E. Due to some comedy of errors I ended up getting overdosed on morphine and being rushed to ICU. I was off work for 2.5 weeks.

I got back to work and all of a sudden the attitude towards me changes. I’m constantly making errors, not meeting deadlines and not writing my monthly reports correctly. Bearing in mind that I was only off for less than 3 weeks and I have my full mental faculties. I discovered, chatting with a co-worker, that where I work the senior management like to pretend they are supportive of people with health issues & disabilities, but the reality is very different .. he took one sick day a couple years ago and he never heard the end of it. One other co-worker had surgery a couple years ago and she returned to work too early because of pressure from her management.

My manager keeps changing her mind with regards to what she wants in the monthly reports. Telling me that I need to know what the Exec wants to know is useless as I don’t attend Exec Meetings – which I pointed out to her. I’ve looked over what  changes she makes to the reports and other than some wording there is very little difference. She fleshes it out a bit more, but mostly because she is aware of what the Exec is asking about (which I don’t know).

I’ve looked over how the reports were done before she joined the company – there was consistency each month, same schedules, with variance analysis between actuals vs budget vs prior year actuals. I can work with that, that is how I have worked in prior roles .. and that is how most accountants work. But there is something about my manager – she just keeps tinkering, as if she is second guessing what everyone wants … and she wants to prove that she knows best.

She’s managed to suck up to the new Assistant Director. The new director has hardly spent any time with the other managers in the department, but most of her time with mine. The other two managers just roll their eyes and get on with their work. 

Soooooo I have not passed my probationary period. So legally I have been let go, though I have been offered a lower level role with less money. It’s still a decent salary. But it’s galling. My manager and director asked me how I used to produce reports in Canada. I said there was consistency – the requirements were the same – report IT costs, changes in intercompany, cashflows, fixed assets, changes in revenue, and accounting policies. I suggested that it would help if the systems could actually speak to each other. But the rent system doesn’t communicate with the accounting system, there’s a separate HR system, and A/P system .. they all require data dumps into Excel and then uploads into the accounting system. I said it gets much easier when you stop relying on manual labour and actually get decent systems in.

So I have the option of rejecting the offer and leaving at the end of August, or accept and keep job seeking. I am of the opinion I should accept and just keep job seeking. Employers are extremely slow in the UK with the hiring process. So it would be nice to have money coming in whilst job seeking.

I need to speak to Munkie about this, but I think he’ll agree with me.

I do know this much, I want to go back to a corporate environment. My manager said she came from corporate .. I so wanted to snap that it’s been 25yrs since she’s done corporate.

Sepsis, Again


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There are days in which I hate having my mitrofanoff and dream of the days when I didn’t have one. Granted, I was constantly wet, but I never had to be hospitalised when I had a bad UTI.

About a month ago I was puttering about making koldunai at home, whilst Munkie spent a few hours with his brother and nephew in a little park. I then went to catheterise later in the evening and it wouldn’t go in. I tried and tried but it wouldn’t go in. My abdomen and stoma were quite bloody and I was bent over in pain begging Munkie to take me to the hospital.

Thankfully the A&E department took care of me. I was dosed with morphine and the doctors & nurses tried to get a catheter into me. Sadly they couldn’t so I was wheeled into radiology for the urologist, Mr Rees, to use the ultrasound machine to puncture my abdomen and guide a supra-pubic catheter into my bladder (which was also punctured). And yes, I was awake.

I was moved to the urology ward and there was a mixup with regards to how I was to get morphine. They insisted on giving it to me by mouth and I insisted it be through the IV. When I get it orally I don’t feel the effects of the morphine, but it is more effective when via the IV. I was overdosed and ended up in ICU for about a day while my body recovered from a possible morphine overdose.

I spent about 2 weeks in hospital, which is not bad considering how long it took last time to recover. This time round I didn’t vomit blood and go unconscious, with having to require a ventilator to help me breathe.

I blame my latest bout of sepsis on the idiotic GP system here in the UK. The GPs don’t take my bladder issues seriously. And they like to act like demi-gods, who don’t like their judgement being questioned. And don’t even ask me about the receptionists who are the gatekeepers of the GPs. As well this latest bout has shown up how unhelpful my current urologist is. And I mean current as I mean to replace him shortly.

What I did notice when I was on the ward was how militaristic nurses grades are. They wear badges and epaulettes to designate their ranks – staff nurse, ward nurse, sister, matron etc. Plus a similar ranking for HCA – Health Care Assistants. Nurses, at least at Southampton General, take care of 7-8 patients with the help of the HCAs. So it’s a tad difficult to get a handle on the patients and what their particular needs are. As well, there is no assistance given with regards to bed-baths. I was given, everyday, a bowl of warm water with several towelettes and a single towel to dry myself off.

I was taken good care of but there were areas which I saw glaring examples of NHS beaucracy which could easily be handled if there was the political will.

I had good medical attention from the ICU nurses, Mr Rees (as the urologist), Andreas my nurse and the HCAs.

What I badly missed and was disappointed with was the visitors. I had one visitor – Munkie. No one else. Maybe it’s some odd British thing, but no one else visited and I felt the lack. It’s so easy to express good wishes over the interwebs and social media, but in general making an effort is more preferable. I got a couple of get well cards, which was really sweet and I understand why a few people couldn’t make it (taking care of munchkins who could easily disturb other patients or someone with a parent in hospital who is focused on that parent). But in general, if you are reading this, if I am ever in hospital again .. I WANT VISITORS.

British Accountants – you’re all nuts!

I have been exposed to yet another example of differences between how UK accountants function and how Canadian/American accountants function – in the corporate world.

I know I have harped on this a few times – I think – but in North America there’s this funny little law called “Sarbannes-Oxley” – it was put in place after the fiasco that is Enron & WorldCom; a fiasco so large that it shook the investment community and destroyed one of the big audit firms – Arthur Anderson. At heart SOx reminds us all what we studied in “accounting school” – the segregation of duties.

In my funny world of being a Senior Accountant I cannot raise a journal entry unless I have enough evidence – this is generally called either “backup” or “working papers”. Such backup is used to support the justification of putting through a journal entry. So if I have had a verbal conversation with someone, because it was verbal I cannot use it as backup for a journal. So I tend to email the individual asking them to confirm our conversation, so I can use that email as backup.

Last week, whilst completing my balance sheet reconciliations I noted that there is a balance for some investment services which has never been moved to the Income Statement. This should have been moved, so I spoke to our Treasury Manager to confirm that this particular transaction was indeed an investment service charge and where it should be charged to. I then promptly emailed him asking for a confirmation of our conversation. I guess being a foreigner I am not used to the way British accountants function – but I was told off.

I was told that I cannot add layers of bureaucracy, and asking for written confirmation for a verbal discussion is ridiculous.

This is what gets me. I am very mindful of the fact that my transactions could be audited at any given point, so I like to “cover my ass” so that I have the necessary backup in case an auditor asks me why I put through a journal 9-13 months ago. Trying to ask someone else nearly a year after the fact to confirm the conversation is just silly – no one will remember, unless there is something there to trigger the memory – like an email exchange.

Love it or hate it, Sarbannes-Oxley has some very strong benefits. One of those is strict controls, so that stakeholders have confidence in the figures. That the figures are not just all hokum.

I did a CPD on Internal Controls a few months ago, and there are guidelines in the UK which approximate what SOx is trying to achieve. But they are voluntary, and the vast majority of British companies would rather not. They would rather not because it’s too painful and what’s the point.

What does this teach me? There’s no way in hell that I want to invest in a British company, unless they subject themselves to vigorous audit controls.

Expense? Asset?


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I was asked an interesting question the other week, with regards to what is an expense. A friend is trying to put together her yearly accounts for a small sole proprietorship and is wondering what she can expense and what she can’t expense.

There are many books and websites out there which will give a very technical set of responses. But at its simplest form – an expense is the cost of doing business.

But the cost of doing business is not necessarily an expense. An expense is a cost for a good or service which is used up within a 12 month period – be it stationary, a one year computer maintenance contract, or rent. The other type of “cost of doing business” is an asset.

Assets come basically in two forms – current assets and long term assets. Generally speaking, when putting together your Balance Sheet you list your assets in the order of liquidity – how fast that asset can be converted into cash. If you live in North America the basic presentation is:

Accounts Receivable
Accrued Receivables
Future Income Tax Asset – ST
Short Term Investments (usually a term deposit with a bank)
Equity Investments
Future Income Tax Asset – LT
Fixed Assets
Goodwill (this no longer exists in Canada, though it has been grandfathered in and can remain on the books, but cannot be depreciated)

Basically an asset is something that is acquired to help in the generating of income for the business – working premises, machinery, cash to pay the bills etc.

When purchasing goods and or services for a business not all purchases are allowable business expenses/assets. The company/individual must pay attention to the nature of their business. Purchasing yacht is not a business cost if your business is a hair dressers. Acquired assets have to make sense to stakeholders – be they shareholders, bondholders, creditors, HMRC, customer.

Can I purchase a house and expense it? No. Not unless you happen to be involved in real estate, then that house is inventory stock and the cost of that house is only written off when that house is resold:

1. Purchase House for £100
                    a. Debit Inventory 100
                    b. Credit Cash (100)
2. House resold for £125
                   a. Credit Income (125)
                   b. Debit Cash 125
                   c. Credit Inventory (100)
                  d. Debit Cost of Sales 100
                  e. Gross Margin/Profit (25)

If you aren’t in the business of real estate purchasing a house would make it a Fixed Asset and put it directly on the balance sheet. You can then write off a portion over a number of years (40yrs). But, and this is major – that house better be used for business only. The moment it is used for anything else is no longer a business asset. So my friend the hairdresser could run her business from her house, but the house itself is not a business cost. She can write off a portion of the cost of running that house – utilities (gas, electricity, water, council tax), telecom costs and if there is a mortgage a portion of the interest paid on that mortgage. So if Siobhan used company monies to purchase that house she wants, then that is a Director’s Drawing – which means she owes money to the company. The company’s money may be used to purchase that house, but the company does not own that house – the director, Siobhan, does. She needs to repay the funds to the company. And Director Drawings are not an expense, but a reduction in accumulated Retained Earnings.

So if my friend Siobhan wants to continue with her business and not have any trouble with her stakeholders, she needs to pay attention to a few things, and ask herself:
1. This good or service I am paying for – will it last longer than a year? If less than a year, expense, if more than a year then it’s an asset
2. This good or service I am paying for, does it related towards the cost of doing business? If it isn’t related then it is not a business cost but instead a personal expense which the company is paying for – it must be repaid to the business
3. And most importantly – Siobhan needs to keep her bank accounts separate – one for business, and one for personal use, that way it’s easier to account for incomes and costs

I’m Alive!


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I have just noticed that it has been about 6 months since my last blog post. Have I been busy? Not really. Life goes on and other fun shite.


I was working as a Management Accountant with a construction company, when I last blogged. But due to my gender being female, and senior management wanted someone with some testosterone in the role, I was let go in December – shortly before Christmas. Was I tempted to report them to some Industrial Tribunal for gender discrimination? Yes I was, but to be honest I was wasted there and I spent most of my days on the Amazon website and my new love – eBay!


Though that company did one of the most stupidest things in the world – they appointed the Finance Manager as the new Financial Controller. I say “stupidest” because this wonderful example of the delights of nepotism is not a good accountant. He got the role because the CFO liked him and appointed him. Now he’s an FC and is barely able to keep it together – from what I hear on the grapevine. He was always a waffle, which drove me nuts. Either make a decision or go away and let me make a decision. He would also ask inappropriate questions during interviews – do you have children? His excuse being that people with a family are more motivated to work harder as they have a family to support – to which I would say “bullshit”. A family is not just 2 adults plus some sprogs. And to think that only people with sprogs work hard is pure bullshit .. the number of times this twit had to run away to take care of some issues with his sprogs are countless.


I digress.


Now I’m a new role. I have been here for a month, thusfar, and it appears to be a good place to work. I’m still getting used to the British workplace – especially the obsession with open plan working spaces. Not even a token little barrier so I could pin up some notes or whatnot. Nope, it’s all purely open plan and I hate it. But the UK appears to be about 15yrs behind the ball with regards to this. Offices in North America are beginning to swing the other way, with higher walls between desks and even in some cases offices. Wonder how long the UK will take to realise that open plan means lower productivity, and higher rates of illness.


Other than that, there really isn’t much going on in my life. We’re moving into a new house – leaving that shithole that our soon to be former landlord insists is top of the line. When there is mould growing on the bathroom walls, even after you liberally bathe them in bleach, there is something wrong.

Nickel & Dimed in the UK

The nickel and diming, it burns!

It’s amazing how companies in the UK find ways to pad their bottom line, nickel and diming customers or potential customers. I may be spoilt having grown up Toronto, but no bank I ever dealt with had a phone number which charged me money to speak to a customer service person. The general attitude in Canada appears to be that banks want to be seen as customer friendly, so it behooves them to not have a phone number that charges you $0.05 to $0.10 per minute. Oddly enough such is not the case with the handful of banks I’ve dealt with in the UK.

Yesterday I rang Natwest with a query. My company has several bank accounts with them and I had a question with regards to BACS approvals. I asked if I could have a phone number which doesn’t require me to pay for the privilege to speak to a banking representative at a bank that is profiting off the bank account – by charging us exorbitant monthly fees. “I’m sorry madam, but unfortunately you do need to ring the billable number”. Do UK banks want to do business with their customers?

One person had gotten fed up with cold callers (telemarketers to those of you in Canuckistan) disturbing his Coronation Street time, so he setup a telephone number which earns him £0.06 to £0.10 per minute – and only utilities and businesses have this phone number. The result has been that the number of calls has dropped significantly for him.

I had this issue during the winter when trying to get through to Customer Service at Stage Coach Buslines, with regards to a bus that was constantly late which severely affected my ability to get home from the Portsmouth area. And each time I had to pay for the privilege to ring them.

For a sizeable segment of the British business community the monies they make off these phone numbers makes a good portion of their bottom line.

Not only do we have to pay for the privilege to speaking to our bank, we also have to pay for water bills. Now I don’t mind paying for water, I did at in Toronto as well. But I have never heard of a country which has privatized the water supply – never ever heard of this before. Even in third world countries the government has not privatized water. Why the hell would the British government allow this? Water is a basic necessity and shouldn’t be in the hands of private companies who have shareholders to answer to. What happens when water is privatized? Huge water bills. Water bills in Toronto are significantly cheaper, and why is that? Because the water filtration and distribution is handled by the local municipality – and not outsourced. When a private company is involved in water distribution there is a very good chance of them cutting corners to meet quarterly and yearly projections. Those of you in Ontario who are old enough may remember Walkerton – one of the issues was the privatization of water testing.  Something which as fundamental as the right to clean water, it should not be up to the good faith of private for-profit companies.

And then there is the usual stuff – charging extortionate parking fees in shopping malls’ carparks. From my perspective a shopping complex wants people to shop, so you give them the perk of free parking in the hopes that they shop and spend money. Oddly enough, because so many councils charge for parking, if the malls did offer free parking people would park there and then go on with their everyday business.

So there are aspects of my British adventures which I find odd and rather irritating – mostly the money-grubbing done by both private concerns and local government councils.

UK Accountants vs Canadian Accountants

I have been in the UK for a year now and I have noticed a few things with regards to the way Finance Departments function here.

Because the vast majority of British businesses are not subject to Sarbannes-Oxley, many of them function in a way that just drives my “audit-control procedures” mind nuts. Because of all the audit controls for corporations in Canada, and even the United States, what is of paramount importance is what the UK calls “Statutory Accounts”. For the rest of the world this is known as “External Financial Statements” – you know, those wacky statements that get published to investors, the investment community and what not, items such as: Balance Sheets, Income Statements, Cash Flow Statements, Disclosure Notes, Statement of Retained Earnings and MD&A. For the vast majority of my career my focus has been on this. And most accountants, who have gone for formal designation-goaled training, this is where the emphasis is as well. It’s the reverse here in the UK.

There’s this rather flimsy differentiation between what a Financial Accountant does and what a Management Accountant does. In many ways the Management Accountant does exactly what a Financial Accountant does. Here in the UK the Financial Accountant works on the Statutory Accounts – making sure that the various accounting principles are adhered to as well as guidance from IFRS (International Financial Reporting Standards). Management Accountants work on the Management Accounts – accruals, deferrals, amortization of fixed assets as well as prepaid allocations. They produce reports for internal management so that management can review their divisional results and make important business decisions with regards to the work of the company.

The ridiculous thing for me is that I come from a background where I did both. I come from a background where it was expected that a designated accountant could do both – as there is very little fucking difference. The only real difference is in the production of the disclosure notes – things like any operating leases, and how to report them, any outstanding long-term debt and providing a schedule in the disclosure notes so that investors and creditors know where the obligations are for the entity in the coming 1+ years.  As well as reporting any tax losses and how the entity intends on applying them – either retrospectively or to future periods.

I have gone to different job interviews and I explain that I am completely stymied as to why the UK insists on separating the two – they are one in the same. I have been asked what I would be called if I was in Canada applying for the same job – and I tell them the title would probably be “Senior Accountant”.