Top 3 misconceptions about Accounting

Here are the 3 misconceptions about Accounting: 

1.  Accounting is very hard.

In my almost 15 years in teaching I would often hear complaints from students saying that Accounting is very hard.  At first you will have a hard time understanding the subject but the good news is everybody does have a little difficulty in his or her chosen field of specialization.  Who does not anyway.  Engineers, scientists, doctors, teachers, even politicians had a share of mind boggling understanding their own jargon.  It is just a matter of taste.  Once you have known the twists and turns, and the process, it becomes more subtle and soothingly likable.  

In my opinion, it becomes hard when you believe it to be hard.  Take all the lessons with enthusiasm and surely you will be successful enough to go through the process.      

2.  You will be rich if you take up the course Accountancy.

In an interview with few of my former students, I asked "why take Accountancy".  To my surprise, they answered me in a quirky kind of way.  They wanted to be rich.  And I made some follow-up question and said "who told you that?"  They answered either their mom or uncle or teacher in high school.

Well, the salary rate of accountants is not entirely huge.  It would depend on how the CPA juggles around his profession.  If he/she would take the risk of sacrificing his/her integrity, perhaps that would hold true.  You can be rich enough if you would not mind having a questionable character.  But so far, I have not known a single accountant being a millionaire overnight.  

To be rich means to kick ass and not be sorry about it.  If you want to take the right path, you do not have to think whether you become rich or not.  What is important is you are able to successfully beat the odds, triumph over trials and obstacles and most especially keep your dignity and integrity intact.      

3.  Accounting is more on math.

Most people believed that if you want to be a Certified Public Accountants, you need to be a math wizard.  I beg to disagree.  Accounting is an art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character, and interpreting the results thereof.  The way I see it, you do not need to be an expert in Mathematics to triumphantly be called champions or victors in Accounting.  

What you need is a change of mind about Accounting. Accounting is fun!!!