To be honest, I have never been a nerd all my student life. I took up commerce as my subject because I had some other plans at the back of my mind. This doesn’t mean I did not enjoy studying commerce, I really did. My Accountancy teacher was a fire, bombarding us with questions one after the other[Love you, Ma’am]. Anyway, there is more to accountancy than just numbers and today I am going to focus on just that. Here are 5 things studying accountancy taught me about life.
# Lesson No 1.
You cannot pass an accountancy test without studying and practicing sums. Your concepts need to be crystal clear. Likewise, in life too, you cannot pass any exam without hard work and lots of practice. To pass an exam, you need to keep your principles and goals crystal clear. Only visualization won’t turn it into reality, practice or say execution or action is of utmost importance. Hence, to pass an exam of life, get onto the practice mode.
#Lesson No 2.
In Accountancy, everything runs on a debit-credit concept. If one item is credited, the opposite has to be debited. If one comes in, the other must go out. This is so true in our lives too. Every gain or achievement demands a sacrifice. Want a new dress? Well, you’ve got to earn to buy it (unless, of
Life comes with a debit- credit concept. It comes with a win-loss concept, just like accounts. You win some, you lose some. You debit some
#Lesson No 3.
The balance sheet doesn’t match? Go over it again and again and again!!
Gosh, it was so frustrating when even after the 5th time the balance sheets wouldn’t match. And the happiness was unexplainable when it did on the first attempt itself.
Do you realize what a Balance Sheet teaches us? If you haven’t reached your end result just the way you wanted to, you need to inspect your steps so long so you reach your desired end, your Goal. The process from the start till the end has to be in sync, any deviation requires your attention.
#Lesson No 4.
I should have probably mentioned it earlier. Remember the concept of anticipating losses and keeping a contingency plan ready. Be sure of losses, not profits. So pessimistic, isn’t it?
Well, not really. It taught me that it is not possible that I will always get what I want. There will always be hiccups on my way. And instead of being overconfident of my success, I should be aware of what I am going to do it in any case, I do not succeed. A contingency plan is always appreciated and in handy. D
#Lesson No 5.
Remember how the focus is the key to everything great in life. How solving sums required our focus the utmost. Life is just like that. It demands our attention, our focus at all time. A little deviation and it may result
To be honest, there are and can be numerous other lessons too,
And now I am Missing my school and the accounts classes too.