Article:

A day in the life of an Accountant in Business Restructuring

27 July 2018

When I started as a graduate in Business Restructuring at BDO Brisbane, I wasn't quite sure what to expect. But after just a few weeks in the role, I knew that I'd chosen the right service line for me. From day one the work was interesting and varied - I was making business decisions, contacting clients and really contributing to the day-to-day operations of the organisation.

Business Restructuring is much more than insolvency

Seeing these tangible effects in real time and knowing how much of an impact my work has is what I love about the job. There's a perception that Business Restructuring is just dealing with insolvent entities, and although this is part of the role, there's so much more to it.

Lately, the division has been moving towards more of an advisory function. Typical work includes completing pre-lend due diligence reports, business reviews and financial performance forecasting. I've also been working with agribusinesses due to a new government scheme for professional services firms to provide advice to farmers. This involves a lot of transaction reviews and recommendations, and I've really been enjoying this advisory part of my role.

Thinking on your feet in Business Restructuring

It can be both challenging and exciting working within Business Restructuring because you never know what's going to happen next. You're dealing with a lot of different things at once and often clients' emotions are running high. This means you've got to be able to think on your feet and adapt - which can be a challenge, but as long as you have the ability to do this, you'll find Business Restructuring hugely rewarding.

A supportive and welcoming firm

Although the work can be challenging, BDO has been great at making me feel welcome and supported. There were around 20 other graduates who commenced at the same time, including another person starting in Business Restructuring, so there was a real community spirit amongst the graduates. We all get along well and the firm holds a lot of events to make sure we have the opportunity to meet BDO employees who work within different service lines.

This support which BDO provides has continued throughout my Chartered Accounting (CA) studies. I've completed four of my technical modules so far, and have passed each one which has been great. BDO holds master classes and invites a CA representative to take them, which is very useful.

If anyone is thinking about applying to Business Restructuring, I'd really recommend they give it a go. Your GPA is obviously important, but BDO also looks for real life experience. I hadn't completed any accounting work prior to joining BDO, but the real world experience of working in a wrecking yard gave me important communication skills, which have definitely helped me in my role.

For more information about joining BDO, visit our careers website today.