Are accountants educated to understand accountancy?

[CookieMonster]

solicitors have apprentices, accountants have trainees

This thread has... NOTHING.

WORST. THREAD. EVER.

You can't even troll it!

[zakalwe]

i blame the immigrants. indian gaap allows one sided entries (i.e. not double entry bookkeeping).
as for nigerian accounting...

*cue trolls*

[champagne capitalist]

i blame the immigrants. indian gaap allows one sided entries (i.e. not double entry bookkeeping).
as for nigerian accounting...

*cue trolls*

I was over in England at a meeting during the week and at my table were 2*Indians, 1*Nigerian, 2*Romanians and 2*Czechs they all had more or less the same ideas about accounting, although there are always local requirements.

University accounting education is more focused on standards rather than Dr and Cr. Accounting at Leaving Cert is much better for building a TB from a sales ledger etc.

A lot of big 4 trainees just test controls etc and can't do double entry. I didn't really understand it until I was responsible for a full GL.
If a person's job is entering invoices they don't really need to understand it.

[patslatt]

i blame the immigrants. indian gaap allows one sided entries (i.e. not double entry bookkeeping).
as for nigerian accounting...

*cue trolls*

I was over in England at a meeting during the week and at my table were 2*Indians, 1*Nigerian, 2*Romanians and 2*Czechs they all had more or less the same ideas about accounting, although there are always local requirements.

University accounting education is more focused on standards rather than Dr and Cr. Accounting at Leaving Cert is much better for building a TB from a sales ledger etc.

A lot of big 4 trainees just test controls etc and can't do double entry. I didn't really understand it until I was responsible for a full GL.
If a person's job is entering invoices they don't really need to understand it.

How are the Big 4 trainees going to get double entry experience? How well trained are they at the end of their three years training? Can they conduct audits of small and medium businesses?

[ArtyQueing]

Third year ACCA student asked me what balance sheet accounts were

[Alphai Centauran]

We are in a world far far away, our entertainment systems are broken and all we can access is politics.ie (we don't know how to fix them). We live in a time dilated relative to yours so one of your days is for us like what three of your years are to you. We rely on p.ie for our mental stimulation and have never before posted.

Please Pat we implore you, this is the most boring thread ever on p.ie . We are dying of boredom, I lost 3 of my friends to this thread on your Friday the 12th of September

Please , please think of your alien friends, please kill this thread!

[L.O. Dublin S.C.]

We are in a world far far away, our entertainment systems are broken and all we can access is politics.ie (we don't know how to fix them). We live in a time dilated relative to yours so one of your days is for us like what three of your years are to you. We rely on p.ie for our mental stimulation and have never before posted.

Please Pat we implore you, this is the most boring thread ever on p.ie . We are dying of boredom, I lost 3 of my friends to this thread on your Friday the 12th of September

Please , please think of your alien friends, please kill this thread!

If you don't like it, then don't post on it.

[islands]

An experienced accounting apprentice told me that the incomplete records and accounting models used in classrooms are extremely simplistic.

You see if he's still an apprentice or articled trainee, he prob hasn't done too many of the professional exams yet. In that case, the classrooms he's talking about could well be secondary classrooms. And I think it's fair enough that they are simplistic at that level.

In the better business studies degrees the students do at least one big case study exercise of putting together a set of accounts from first principles. After that, i think it's more important that they understand the standards, the underlying logic etc.

[toxic avenger]

We are in a world far far away, our entertainment systems are broken and all we can access is politics.ie (we don't know how to fix them). We live in a time dilated relative to yours so one of your days is for us like what three of your years are to you. We rely on p.ie for our mental stimulation and have never before posted.

Please Pat we implore you, this is the most boring thread ever on p.ie . We are dying of boredom, I lost 3 of my friends to this thread on your Friday the 12th of September

Please , please think of your alien friends, please kill this thread!

God, you were right. This was a boring thread.

[SideysGhost]

Which raises the question, are accountants educated ?

Fixed that for ya.

And most of them, the answer is no. Mindless drones doing utterly tedious work that requires no more than national-school-level maths, most of 'em. Great at telling you what happened last year, as useful as tits on a bull when it comes to business nous and strategy. But they believe that they are highly educated, extremely clever, very important, special people and so elbow their way into positions of power, "because they're worth it".

Can't abide accountants. Accountants and all manner of sales/marketing/pr droids. Cause far more hassle and annoyance and ridiculous wastes of time and money in the average company than the rest of the workforce and the entire customer base combined.

Waste of oxygen.