10 Quick Facts On Ernst & Young | जानिए Ernst & Young के बारे में

Randomfacts by Shikhaa

27 Aug 202103:12

Summary

TLDRIn this episode of Random Facts by Shikha, discover 10 intriguing facts about Ernst & Young (EY), a leading multinational professional services network and one of the Big Four accounting firms. Founded in 1989 and headquartered in London, EY has grown to employ nearly 300,000 people across 700 offices in over 150 countries. The company offers a range of services from assurance and tax to consulting in strategy, operations, HR, and technology. EY, not listed on any stock exchange to maintain independence, has been recognized on Fortune's 100 Best Companies to Work For list for 21 years, with a 2020 revenue of $37.2 billion. The video highlights EY's strong work culture and personal growth opportunities for employees.

Takeaways

🌐 Ernst & Young (EY) is a multinational professional services network and one of the Big Four accounting firms.
🏢 Founded in 1989 and headquartered in London, England, EY has a global presence with nearly 300,000 employees in over 700 offices across more than 150 countries.
📈 EY provides a range of services including assurance, tax, consulting, and advisory, with a focus on strategy, operations, HR, technology, and financial services consulting.
💼 The firm is organized geographically into four main regions: EMEIA (Europe, Middle East, India, and Africa), Americas, and Asia Pacific.
🔄 Resulting from a merger in 1989, EY was originally known as Einstein Veni and Erther and Young Corporation, and officially rebranded to EY in 2013.
🏦 EY is not publicly traded on any stock exchanges, which helps maintain the independence of the Big Four accounting firms.
🏆 Recognized for its work culture, EY has been consistently ranked on Fortune's list of the 100 Best Companies to Work For over 21 years.
💰 In 2020, EY reported a revenue of $37.2 billion USD, reflecting its strong financial performance.
🌟 EY's work environment is praised for fostering both professional and personal growth among its employees.
📺 The video encourages viewers to like, share, and subscribe to the 'Random Facts by Shikha' YouTube channel for more informative content.

Q & A

What is the full name of the company known as EY?
-EY stands for Ernst & Young Global Limited, which is a multinational professional services network company.
Why is EY considered one of the 'Big Four' accounting firms?
-EY is considered one of the 'Big Four' because it is one of the largest professional services networks in the world, alongside three other major firms.
When was EY founded and where is its headquarters located?
-EY was founded in 1989 through a merger of two accounting firms and is headquartered in London, England.
What are the primary services offered by EY?
-EY's primary services include assurance, tax, consulting, and advisory services, and it has expanded into various areas such as strategy, operations, HR, technology, and financial services consulting.
How many employees does EY have and in how many countries does it operate?
-EY has close to 300,000 employees and operates in over 700 offices across more than 150 countries worldwide.
How is EY organized geographically?
-EY is organized into four geographical regions: EMEIA (Europe, Middle East, India, and Africa), the Americas, and Asia Pacific.
Why did EY undergo a rebranding campaign in 2013?
-The rebranding campaign in 2013 officially changed the company's name to EY to reflect a more modern and global identity.
Why is EY not listed on any stock exchanges?
-EY is not listed on stock exchanges to maintain independence and avoid potential conflicts of interest, which is a common practice among the Big Four accounting firms.
How long has EY been ranked on Fortune magazine's list of the 100 best companies to work for?
-EY has been continuously ranked on Fortune magazine's list for the past 21 years.
What was EY's revenue in the year 2020?
-EY recorded a revenue of 37.2 billion US dollars in the year 2020.
What is the work culture and work-life balance like at EY?
-The work culture and work-life balance at EY are described as amazing, with people growing both professionally and personally while working there.

Outlines

00:00

🏢 Introduction to Ernst & Young

This paragraph introduces the video and the company Ernst & Young (EY). It requests viewers to like, share, and subscribe to the channel. EY is a multinational professional services network and one of the Big Four accounting firms, founded in 1989 and headquartered in London. The company's primary business is providing assurance, tax, consulting, and advisory services, and it has expanded into various fields including strategy, operations, HR, technology, and financial services consulting. EY has nearly 300,000 employees across over 700 offices in more than 150 countries. The firm is organized geographically and was formed by a merger in 1989, later rebranding to EY in 2013. It is not listed on any stock exchange to maintain independence. EY has been ranked on Fortune's 100 Best Companies to Work For for 21 years and recorded a revenue of $37.2 billion in 2020. The work culture and work-life balance at EY are praised, with employees growing both professionally and personally.

Mindmap

Keywords

💡Ernst & Young

Ernst & Young, commonly known as EY, is a multinational professional services network company and one of the Big Four accounting firms. It is central to the video's theme as it discusses the company's history, global presence, and services. The script mentions its foundation in 1989 and its rebranding in 2013, highlighting its evolution and brand identity.

💡Professional Services

Professional services refer to specialized services provided by experts in a particular field, such as accounting, consulting, and advisory services. In the context of the video, EY offers assurance, tax, consulting, and advisory services, which are fundamental to its business operations and global recognition.

💡Big Four

The term 'Big Four' refers to the four largest professional services firms globally, which include EY, Deloitte, KPMG, and PwC. The video emphasizes EY's position as one of these prestigious firms, showcasing its size, influence, and the comprehensive range of services it provides.

💡Headquartered

Headquartered means having the main office or headquarters of an organization in a particular location. The script specifies that EY's headquarters is in London, England, indicating the company's geographical center of operations and management.

💡Assurance

Assurance in a business context typically refers to services that provide confirmation and instill confidence in an organization's financial statements and business practices. The video mentions assurance as one of EY's primary services, underlining the company's role in validating and verifying financial information.

💡Consulting

Consulting involves providing expert advice or recommendations to organizations to help solve problems or improve operations. The script highlights that EY has expanded into various consulting services, including strategy, operations, HR, technology, and financial services consulting, showcasing the breadth of its expertise.

💡Global Presence

Global presence refers to the extent of an organization's operations, influence, or recognition worldwide. The video emphasizes EY's extensive global presence with nearly 3 lakh employees in over 700 offices across more than 150 countries, illustrating the company's international reach and impact.

💡Fortune's 100 Best Companies to Work For

Fortune's 100 Best Companies to Work For is a list published by Fortune magazine that ranks companies based on various workplace factors. The script notes that EY has consistently been ranked on this list for 21 years, reflecting its positive work culture and employee satisfaction.

💡Revenue

Revenue represents the total income generated by a company from its business operations. The video mentions EY's revenue of 37.2 billion US dollars in 2020, providing an indicator of the company's financial performance and scale.

💡Work Culture

Work culture refers to the values, norms, and environment within an organization that shape the work experience of its employees. The script praises EY's work culture and work-life balance, suggesting that employees not only grow professionally but also personally, which is an important aspect of the company's appeal to potential recruits.

💡Rebranding

Rebranding is the process of changing a company's image or identity through a new logo, name, or other branding elements. The script refers to EY's rebranding campaign in 2013, which officially changed its name from Ernst & Young to EY, reflecting a strategic move to modernize and streamline its brand identity.

Highlights

Welcome to the channel 'Random Facts by Shikha'.

Today's video covers 10 quick facts about Ernst & Young (EY).

EY is a multinational professional services network company.

It is one of the largest professional services networks and one of the Big Four accounting firms.

Founded in 1989, EY is headquartered in London, England.

EY provides assurance, tax, consulting, and advisory services.

The company has expanded into strategy, operations, HR, technology, and financial services consulting.

EY employs nearly 300,000 people in over 700 offices across more than 150 countries.

The firm is organized geographically into EMEA, Americas, and Asia-Pacific regions.

EY was formed by the merger of Ernst & Whinney and Arthur Young & Co. in 1989.

In 2013, a rebranding campaign officially changed its name to EY.

EY is not listed on any stock exchanges to avoid independence violations.

EY has been ranked on Fortune magazine's list of the '100 Best Companies to Work For' for the past 21 years.

In 2020, EY recorded a revenue of $37.2 billion USD.

EY is known for its excellent work culture and work-life balance.

People have grown both professionally and personally while working at EY.

Request to like, share, and subscribe to the channel if you enjoyed the video.