Waz Bhai I
HATE Financial Accounting....I literally, incontrovertibly hate it....sitting through the classes for F3, F7 & P2 - All Financial Accounting oriented papers in ACCA - almost made me puke my guts out....thats how much I dislike Financial Accounting !
Heck I remember that I used to be attending F7 classes on the 4th floor of a building & at the end of the 1.5 hour class....I was literally like - If the teacher doesn't stop with these Debits & these Credits I'm gonna jump out of the window !
I really.....really.....reallllllllly HATE it !
But Management Accounting on the other hand is something that I like quite a lot !
I like the fact that in Management Accounting the numbers are a means to an end & not the end themselves in the sense that I can use them to make 'decisions' instead of jumping up & down like a lunatic (as some of my friends did) whenever they were able to balance a Balance Sheet (Statement of Financial Position) !
I'm equally quite fond of Financial Management !
Though I don't know if there are that many Management Accounting or Financial Management oriented jobs out there because frankly here in Pakistan I've bumped into everyone from top firm Partners to CFOs of pretty darn large companies here & most of them were in unison - that Management Accounting doesn't have much of a future here in Pakistan because it doesn't have that kind of upward mobility to it that Financial Accounting does & that you're rarely, if ever, going to end up as the CFO of a company if you start out in Costing !
I dunno what the scene is over there in Britain but if Management Accounting has a future there.....I'd like to get out of the screen & give you a HUG !
Because I love Management Accounting - Its as if there is a compartment in my brain for it where everything fits & everything makes perfect sense....all that Performance Measurement, Budgeting, Costing etc. they come naturally to me but I really....really have to force myself to think when it comes to Financial Accounting !
I made this mistake with Economics before...I was damn good at it....I remember I was watching the Champion's League final at 4 in the morning & then went to the Exam center about 4 hours later without opening the book for the past one week (I had Chemistry to worry about) & I still scored an A on 98 in my A'Levels Economics (without having studied Economics at the O'Levels) !
Not because I was brilliant....God knows I'm dumber than a dodo when it comes to Organic Chemistry or A'Level Physics but Economics....it just came naturally to me....really !
And I so badly wanted to make a career out of Economics but I was scared because everyone I talked to in Pakistan didn't know a single Economist anywhere & so I thought what if I don't end with a job & I abandoned Economics as a Career Choice !
I've regretted that decision ever since.
Management Accounting is something that I feel the same way about....I passed my F2, F5 & P5 Exams (all Management Accounting oriented) with only 3-4 days spent preparing for them & none for the first & the easiest one !
It comes naturally to me & I don't want to make the mistake that I made with Economics so if you could really guide in this Management Accounting thing I'd be deeply indebted to you !
Tell me what I should do ?
Waz Bhai I
HATE Financial Accounting....I literally, incontrovertibly hate it....sitting through the classes for F3, F7 & P2 - All Financial Accounting oriented papers in ACCA - almost made me puke my guts out....thats how much I dislike Financial Accounting !
Heck I remember that I used to be attending F7 classes on the 4th floor of a building & at the end of the 1.5 hour class....I was literally like - If the teacher doesn't stop with these Debits & these Credits I'm gonna jump out of the window !
I really.....really.....reallllllllly HATE it !
But Management Accounting on the other hand is something that I like quite a lot !
I like the fact that in Management Accounting the numbers are a means to an end & not the end themselves in the sense that I can use them to make 'decisions' instead of jumping up & down like a lunatic (as some of my friends did) whenever they were able to balance a Balance Sheet (Statement of Financial Position) !
I'm equally quite fond of Financial Management !
Though I don't know if there are that many Management Accounting or Financial Management oriented jobs out there because frankly here in Pakistan I've bumped into everyone from top firm Partners to CFOs of pretty darn large companies here & most of them were in unison - that Management Accounting doesn't have much of a future here in Pakistan because it doesn't have that kind of upward mobility to it that Financial Accounting does & that you're rarely, if ever, going to end up as the CFO of a company if you start out in Costing !
I dunno what the scene is over there in Britain but if Management Accounting has a future there.....I'd like to get out of the screen & give you a HUG !
Because I love Management Accounting - Its as if there is a compartment in my brain for it where everything fits & everything makes perfect sense....all that Performance Measurement, Budgeting, Costing etc. they come naturally to me but I really....really have to force myself to think when it comes to Financial Accounting !
I made this mistake with Economics before...I was damn good at it....I remember I was watching the Champion's League final at 4 in the morning & then went to the Exam center about 4 hours later without opening the book for the past one week (I had Chemistry to worry about) & I still scored an A on 98 in my A'Levels Economics (without having studied Economics at the O'Levels) !
Not because I was brilliant....God knows I'm dumber than a dodo when it comes to Organic Chemistry or A'Level Physics but Economics....it just came naturally to me....really !
And I so badly wanted to make a career out of Economics but I was scared because everyone I talked to in Pakistan didn't know a single Economist anywhere & so I thought what if I don't end with a job & I abandoned Economics as a Career Choice !
I've regretted that decision ever since.
Management Accounting is something that I feel the same way about....I passed my F2, F5 & P5 Exams (all Management Accounting oriented) with only 3-4 days spent preparing for them & none for the first & the easiest one !
It comes naturally to me & I don't want to make the mistake that I made with Economics so if you could really guide in this Management Accounting thing I'd be deeply indebted to you !
Tell me what I should do ?
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unclee need a quick word please open PM for me 
