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Does Accounting Ever Get Interesting?
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Replies to: Does Accounting Ever Get Interesting?
http://bls.gov/oco/ocos144.htm
It is common knowledge how much the opportunity cost is for doctors. Somebody who chooses being a doctor over being an accountant has a monetary opportunity cost of about 200-400K. However, at an advantage of 127K-280K a year, doctors erase that deficit within 2-3 years.
Accounting is very boring. Very, very few people love calculating Pensions or booking a lease. It isn't enjoyable. However, it is a fantastic skill that allows you to understand how pension and leases, for example, will impact the business model you are integrating. Understanding the impact that decisions have on financial is where accounting becomes the bread and butter of the business world. While not directly "accounting," it creates the framework of understanding.
I'm guessing it will help you move on to greener pastures and better positions that you mention goose?
Oh and it is good to hear that most (or at least it seems like most) people think accounting is boring. I'd hate to be competing with people who truly love crunching and running numbers all day.
Step 1: Get Job
Step 2: Pass CPA exam
Step 3: Get the work experience to get your CPA license from your state board.
Step 4: Use your CPA license and experience to get job with better pay and work life balance than public accounting firm, or stay there and hope to get to partner and make big money(about 1% will actually do this).
Pretty much
Responds to post as I am finishing Intermediate II homework on treasury stock...
::Responds to post as I am finishing Intermediate II studying for Chapter including treasury stock::
It is frustrating because classes become brutal and afterwards it is hard to retain alot of the information you were taught. AND it makes the classes pretty unenjoyable at times even when the subject matter is interesting, which trust me, is not always the case.
However on the plus side, at least we accounting majors learn some time managament skills : ).
Stop complaining about the difficulty and the amount of material covered in the classes. Suck it up, study hard, put in the work outside of class, and master the material.
I think we look at accounting from very different viewpoints. haha.
I was just giving an explanation for why people find accounting boring and/or unenjoyable. Truth be told, like I said in my previous post, alot of the subject matter is quite interesting, it is just that there is so much information the courses become unenjobable. For example, upper level courses Ive taken at my business school other than accounting, are often, although not always, much more enjoyable.
For example, my intermediate finance course is so much more entertaining and actually fun than my intermediate accounting courses were. Its not that the accounting info isnt interesting, its just that when each test tests you on 10-15 complex topics instead of just 1-3, like in my Finance course where we cover less actaul material but learn it more in depth, the course becomes less enjoyable. And I argue it also lessens the long term retention and in-depth understanding of the topics.
Covers stuff like WACC, forecasting, business valuation, options, why the price of stock fluctuates and other stuff... I like it because instead of just learning how to account for stuff, you learn how to make the decisions - which is very interesting. Although truth be told, I would not want to work in corporate finance. Finance is so much more subjective, hence why I would not want to work in finance, than accounting is because finance deals with the future.