I Hate Accounting But Love Finance?
I regret taking an advanced accounting course that was recommended by my school to anyone getting into high finance (this is my 3rd accounting course). I'm doing super well in the other finance course, but this accounting shit is so miserable. Heard from many folks in IB that have only taken 2 accounting courses and are doing just fine. Bro I just wanna analyze financial statements, not build them. Anyone have a similar sentiment, or is there something I'm missing? Thnks.
Same
The only C I got in my business undergrad was in accounting. It was just mind numbingly boring and the professor was so terrible that I couldn't force myself to pay attention. When you apply context to it it comes a lot quicker in my experience, would recommend looking into financial statement analysis courses that tie more into finance courses or something like that as opposed to just a traditional accounting course if that's where you're struggling.
Even accountants hate accounting.
Tough life out here.
Never found much enjoyment from pure accounting classes. The cliche boring accounting professor is a very real thing. However, it is pretty useful to know.
If your only goal was to be great at analyzing financial statements, you would probably want to major in accounting.
Academically, there are some connections between the two, and you can see this in the similarities between the Economics, Accounting, and Finance classes. I just received my degree in applied economics and finance. Just out of college, I'm working an internship in corporate finance (youu will see Finance has two BIG branches: Investments and Corporate Finance). Compared to investment banking, which focuses on portfolio investing, dealing with derivatives, corporate treasury, etc., it appears that corporate finance is easier to break into and involves more managing the firm's finances, capital investments, controlling, etc (typically harder to break into). Remember that taking the classes was enjoyable. I thought about going into accounting as a freshman, but it seemed so tedious to track where the money was spent.
Our work-life balance, in my opinion, is frequently no better than finance. Although they may start their day earlier, we have a later start.
I enjoy being correct, and being correct when you are reporting the past as opposed to speculating the future is much simpler.
It's a must have skill that nobody enjoys. Analyzing financials requires an understanding of the how, why and what of significant line items.
If it was just throwing together ratios, an automated Excel could do it.
It's important to have at least a basic understanding of it for both finance and economics. It's boring, but you're going to be using it everywhere. Accounting is taking stock of what you have, finance is what you can do with it, and economics is how it all interacts.
I'm convinced no one likes accounting.
It's like knowing how to wipe your ass - it stinks and is annoying to deal with, but unfortunately we all have to be at least decent at it, or we'll soon be in deep shit.
Your eloquence astounds me.
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