Friday, October 17, 2008

FiNanCe

It seems like the past 1 year, i have really learned alot from both my company and my bosses. I always see new comers as a mentor and hopefully i can learn new things from them.
Staying in management accounting also equipped me with a general idea of how the Overall Company works. Noted here that the experiences are not limited to just one division but the whole Company.
Well of course, i am no expertise if to perform the task but in theory wise, i definitely have the necessary pictures! I met Nise yesterday and she was asking me about my work and we discuss slightly about the difference in the MA of their company and mine...i am really glad to say i had an edge compare to her side...the amount of work I am taking on, the experience as well as the knowledge in reporting…haha...

I would like to share some thoughts here.
The face off between learning and pricing seems to be a rather contradicting factor which many others especially those who are not in Finance couldn't understand.
Posing a choice here, would you sacrifice a slight pay cut or equivalent salary for a new experience in a new accounting portfolio? To many, the answer would be no. But to most accountants, analysts, the answer most probably would be base on the exposure and the eagerness and chance to explore into another area of accounting. The answer therefore most likely would be “Yes”. To clarify, we are not like asking for a 30% pay cut to take on a new role…but we are asking for a variance that does not differ too much. So next question posted would be, why so silly?
Most company would prefer to hire an experienced accountant in that field to take on the role rather than someone fresh but eager to learn, these chances are consider precious. For example, your experiences are in revenue, but you wanted to try on expenditure. How do you ask for a 10% increment for this position??? Unlike sales or administration, it is important for an accountant to acquire the knowledge and skills in all fields of accounting to progress and advance to a higher level, unless you are pretty satisfied with being an accountant in just one field for the rest of your working life.

Accounting is a very boring job, so most of the accountant has a short life span with the portfolio. To stay enthusiastic in this life, learning never stops. Once you master the most of the necessary skills, the offer will come knocking on your door non stop. So never ask a learning accountant or auditor why they are willing to trade a new position for a lower pay and please don’t call them silly. Who knows, they might be the next CFO in your company.

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