Accounting Knowledge in Banking/IB
Hi everyone! I'm an accounting major (US) that took all the accounting courses at the advanced level (managerial/cost, both taxes, audit) etc. and I just have Intermediate 2, Advanced, and Govt left.
I'm really struggling with the higher level FAR courses and having panic attacks/vomiting and more. It's all around a really bad situation. I'm living in a really bad situation (high levels of domestic violence where my dad is making our family life really tough and financially abusing everyone).
What level of accounting would be used in banking/IB?
My issue with Int 2 is I can't see all the course material until you get the questions right and I'm stuck. My other hurdle is I'm Canadian so I was doing an accounting major for NAFTA to immigrate to the US. I just feel terrible all around.
Would I need higher level accounting knowledge in banking/finance?
I'm just panicked that I'm ruining my life if I can't do accounting. I'm just so worried and would love to hear from those in the field. I'm really worried as I really need to save my mom. Thanks everyone.
Int 2 is long-lived assets, receivables, long-term liabilities and acquiring/amoritizing intangibles. Thanks.
Bump
Banking would require a lower level of accounting than a career in accounting.
I’ve taken 2 accounting classes that were required for my degree. Financial Accounting & Managerial Accounting. These 2 classes taught me 95% of what I need to know accounting-wise.
Agree with this - for internships and analyst positions you only need the basics that are in the recruiting guide. More advanced nature (leases, different consolidation methods, ESOP treatment, etc.) are required around ASO level as you model more complicated conglomerates.
Just use the guides that are from WSO, BIWS and follow those and not the college course. I studied Econ with 0 finance classes and learned everything from BIWS/WSO type courses and am at EB.
Bump
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