I don't like accounting. How does it affect my education and career as a Finance major?
I simply don't like accounting. It's annoying to categorize stuff under financial statements.
I simply don't like accounting. It's annoying to categorize stuff under financial statements.
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You realise that IB (if that's what you want) means you're dealing with financial statements all the time, right? Building models involves building out financial statements too...
Accounting is the language of the business. If you don't like it, well, consider your finance career very very limited.
Accounting is boring but a solid understanding is necessary for most finance jobs because this is how financial information is recorded and report it. This isn't to say you need to become a bookkeeper, but you need to know how certain economic events manifest themselves on the financial statements, and you must be able to interpret the information given to you.
My two cents: I will be brutally honest. Seriously you are digging a grave for yourself, if you are saying that you dislike accounting and want to pursue a career in IB or finance. Accounting is the fundamental of IB, although IB does not require you to be genius at it but you need to have a fair grasp of it. After all profit equals revenue minus cost. If you're considering for a Phd. in Accounting then you will need to have a good understanding of Accounting basics and much more.
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