Sunday, June 24, 2007

The "Numbers" courses @ the GSB - a relection on my 1st year

Financial Accounting, Finance, and Managerial Accounting are the "numbers" classes @ the GSB.

Financial Accounting was the first course, it is mainly about insights on how managers manipulate financial statements to reflect a certain image of the companies operations. Of course to reach that point u have to understand the language of financial statements, and sometimes it is mentally challenging.

Finance was the second course. It finally brought me close to the mysterious world of investors and financial markets. Investment decisions and pricing of stocks were among the first step, but it started to get really interesting with stock options, and even more interesting with pricing of Real options and Debt financing.

Managerial Accounting was the third course. More about real accounting vs manipulative one.we dealt with in the first course. It mainly dealt with how to allocate costs and what measures can you use for long term decision making.

Of the three, Finance was the most intellectually challenging despite having a young professor who wasn't very good at running the class. Accounting is a must have, i enjoyed that class the most, and the professor did a good job. Managerial Accounting is a good to have, unfortunately i didn't put a lot of effort in this class, had i put such effort I could have benefited more.

No comments: