Monday, May 15, 2006

Facts of Accounting

I guess ive been doing too much revision, that my blog entry is now going to be about what im doing. But let me clear things first, i dont see myself as an accountant, and probably never will. Unfortunately for the moment, i am officially a pq. A pq stands for a part-qualified, and thats what happen when you've done a couple of professional papers.

You've probably watched scrubs, ER and other shows. You've probably even watched Ally Mcbeal and L.A Law. Its funny how those tv shows make the actual work look fun. If you believe what you see, you'll think that doctors leap through hoops of fire and in the case of Ally Mcbeal, dont do anything much but fall over and stutter a lot. But you'll never find a tv show about accountants. You see, even the most creative of scriptwriters cannot make the subject interesting. At least in law you can laugh at the cases and the judgements, but how the hell do u laugh at numbers?

In the accounting world, there are 3 types of accountants. The ICAEWs, the ACCAs and the CIMAs. The top of the tier, top of the range people are the ICAEWs, also known as the ACAs. Too much acronyms for you? Its the Institute of Chartered Accountants of England and Wales / Assoc. of Chartered Accountants. These people are usually the best of the best, the ones that love numbers and probably find themselves salivating at the prospect of a 20page spreadsheet. Since theres not many of them around, theyre the elites, think of them like the SAS with numbers. Some of them however, may think theyre better than others, (they probably are) and may act like so. You may not like them, but you cant really fault them. They deserved to be in that high spot because they worked hard for it. So it doesnt really matter if you think they're a bunch of losers who dont have a life, they definitely earned their place. No, nothing wrong with that. Nothing wrong at all. (losers)

On the middle tier, are the ACCA's. These people tend to be the clever ones. While not exactly embracing the love of numbers like the guys on top, they do have a bit of an interest in the subject. They do their audits, they do their tax papers, and they finish off with a view of becoming accountants. Its also quite well known that the hot girls join ACCA, and i can back this up with statistics. Im not saying there are no other girls in the other accounting professionals, but most of them join ACCA. These ACCA students laugh at people who do CIMA (below) because, well, because they do. They also have questionable attention spans and some that I know are distracted by the simplest of things, such as a World Cup 2006 Sticker Book. (you know who you are.. heheh)


On the bottom of the ladder are the CIMA students, and I'm one of them. CIMA students are known to be a bit on the "laissez faire" side. CIMA students wouldnt know what a balance sheet is even if it hit them in the face. CIMA part qualifieds keep telling themselves that they'll earn more than the other 2 professional papers, but thats mostly just to enable them to sleep at night. People do CIMA for a multitude of things, among them; as a holiday hobby, because they dont know what to do, and some just do it because they saw it on a website and it looked good. Some of them do it for all three reasons. CIMA students dont mind being laughed at because

a) they probably didnt know what they got into
b) they dont really want to be accountants in the first place
c) they dont have a clue


There is another type of accountants, theyre called CIPFA. Nobody cares about them.


All three papers are different in their syllabus content. ICAEW is geared towards "world domination", ACCA towards "bread and butter accounting" and CIMA is leaning towards "enough to get you by".



To be honest with you I hate this line of work. I can never understand how you numbery people can cope with such crap. Law is definitely much more fun, and much more interesting. I dont care about depreciation, and i really dont care about IAS or IFRS or some other shit these numbery people create. Accounting is basically down to things, and they shouldve stuck to it. Income and Expenditure. money comes in, and goes out. thats it!

I'm never going to be an accountant. Not even Hilary Duff and Lindsay Lohan could persuade me to be one.



I'm learning this subject because I know it'll come in handy for what I want to be in the future.



A dictator - complete with an island base/secret lair, a cat, and a huge table for my henchmen. Not forgetting a "laser".



CIMA is handy because i'll know how much it will cost to invade singapore create peace in the region, and whether it is actually worth it to take over Laos (cost/value analysis : not worth it).



ok back to revision people. ive got world domination to plan some revision to do.

No comments: