A number of people who are studying accounting are either there by choice, or because their parents are accountants so you can’t be a prodigal child. Every accounting student has been in one or all of these situations.
When you get admission into the university and you made it into the accounting department
And your first two months are as easy as ABC so you think life is a bed of roses
First semester exams show up and you get all A’s and you believe you will be the next Accountant General of Nigeria
Your second year starts and things start having k-leg
Your balance sheets start refusing to balance
And the number of accounts you have to prepare are now six per question
Income statements, adjusted trial balance, journal entries, balance sheet, profit and loss, cash flow accounts…As if that is not enough cost and Financial Accounting and Case Analysis start bringing up their head on your course list
And then Taxation becomes advanced and Auditing and Assurance starts looking like hell
Taxation Y U become advanced? People, Y U have to do fraud and give us errors to find?And then you start seeing letters and greek symbols in your textbooks in Financial Management
What is a beta? What is ‘r’ doing here? What is this funny looking ‘E’ what is all this Lord?