Describe a little a
bit about yourself.
I would say that I am an outgoing person who likes interacting with and meeting new people, perhaps that is why I chose to take a Double Degree in Business and Accountancy.
Why did you decide to
take up a Double Degree in Business and Accountancy?
Personally, the main thing is that I did not want to take up science or engineering so after striking those away, I am left with the arts which are not a good fit for me. So I went with a route of elimination.However I have a silent confession to make: My passion is actually design. However, I think that I should at least get a degree first before pursuing my interest. I must also admit there my parents’ influence had a little to do with my decision. My parents wanted me to take up a Professional degree.All the reasons mentioned above culminated in my decision to take up a Double Degree in Business and Accountancy.
Why a Double Degree?
I took a double degree at first because I was unsure of which path I wanted to take, so since I was eligible for a double degree back then, I decided to take it up and see how it goes first. It was after a year in school so far that I realised that business is not really my cup of tea. So I decided to drop Business and focus on Accountancy. Personally I feel that having a double degree might not be as useful as it seems because when I progress into the workforce, it usually requires the knowledge or either but you normally will not need the knowledge of the other.
How would anyone know
if they are a good fit for Accountancy?
I love interacting with numbers but take note here that that does not mean that I love Mathematics. Numerous people have the idea that if someone is good in Mathematics, then Accountancy may be a good career option. However, that is not the case because Accountancy is not simply about Mathematics. Although Accountancy involves a lot of numbers, the concepts that we learn are very different. The concepts that we learn in Accountancy are all new and are completely unrelated to the stuff we learn in Junior College so it may be a little bit tough to cope at the start.
For people who love Mathematics and are considering Business and Accountancy, I would recommend them to perhaps consider Finance as well because that really requires a solid Mathematics background to excel.
Why Accountancy over
Business in the end?
My opinion is that Accountancy suits me better because there is a set of concepts to understand, apply, follow and practice. Business, on the other hand, is very open ended and flexible requiring a lot of creativity without a standard model answer and that intimidates me a little. I prefer to have a consistency and a certain level of control over things in that I rather be given a collection of things to master and learn then well with results or grades that reflect or are proportional to the amount of effort I put in. This makes Accountancy really different from some Business specialisations.
Talking about
Business specialisations, what are they?
Okay, specialisation only applies to business students. In the first year, all business and accountancy students will take the same modules but business students must decide on which aspect of business that they want to major in. There are 6 specialisations – Actuarial Science, Banking & Finance, Human Resource Consulting, Information Technology, Marketing and Tourism & Hospitality Management – because Business itself is very generic, hence the need for these specialisations. The different specialisations will have their own set of modules to take, kind of like the different majors in the Sciences.
Are there any things
that you disliked while pursuing a degree in Business and Accountancy?
The competitive environment here in business school is quite appalling. For example, class participation constitutes around 10 -15% of the final grade which causes some people to talk solely for the sake of talking to court favour with the teachers. This is annoying at times and some of the comments do not even make any sense.
However, I think that such competition is inevitable and you will find them rampant in any business school. But to put it into perspective, this competition extends beyond school and also exists in the working world so everyone has to learn to get used to it.
Despite all the negativity, I must add that most of the people here in the school are nice and I have made quite a number of good friends here who are very helpful.
Are there any coping
mechanisms for all these problems?
You will have to learn to work with different types of people because the business school is rather project heavy so we interested with quite a lot of people for projects. Different people have different working styles and different methods – some stubborn and want things done their way – and it may be quite a hassle and a waste of time to reason out with the person until he/she finally gives way but I say this provides good training for working conditions in the workplace.
What do you learn in
business school so far after completing your first year?
In my first year so far, nine out of my ten modules are Business modules and the remaining one is an Accountancy modules. Some examples of the things that we learn include the basics of Human Resource, Leadership, and Conflicts & how to handle them. For statistics, it delves deeper into statistics than what we learn in H2 Mathematics in Junior College. Some other things that we also learn includes Basics of Marketing – how to target consumers effectively, Valued Base Pricing, Financial Management – we learn about the time value of money concepts, how to calculate percentage yield of a particular investment to determine its feasibility.
That’s good to hear.
You mentioned that business school is quite project-heavy earlier. Do you want
to elaborate a little about how classes are like?
It is quite interesting because we predominantly have our lessons in the form of seminars – a mash-up of lecture and tutorial – with only 50 students in a seminar room to a tutor that allows for better interaction. The better tutor to student ratio as compared to a conventional lecture offers less barriers for students to ask questions freely to clarify concepts.
So we have lessons in seminar rooms which may be followed by tutorials and we also usually have presentations by a group every week.As expected of a university education, the Professors will upload additional readings and we have to do quite a bit of self study on our own.
What is a typical
school week like in business school?
We have a moderately demanding timetable that can be fitted into a 3-day work week. It is usually very flexible because the timetable can be arranged by us. We spend roughly 15 hours a week in school but we had to spend quite a bit of time outside of school preparing for tutorials and doing self-study.
Is the workload very
heavy in school? Is it easy to juggle school with other commitments?
I do not feel that the workload is very heavy because I know people who excel and can have many other commitments with good time management. For myself, I am quite involved in Hall activities and I still find the workload manageable with proper discipline.
How are students
graded in your business school?
Our grading scheme places less emphasis on the final examinations compared to the other courses of study. For a typical module, the breakdown of the component for the overall grade is something like 10% Class Participation, 20% CAs/Quizzes, 20% Project and 50% Finals.
Was Business &
Accountancy your first choice? What were the other choices that you have
considered?
Yup, Business and Accountancy was my first choice. I considered Dentistry before but later decided that it did not really suit me. Back in Junior College, I also considered studying Pharmacy but when I got to know more about what Pharmacy is about, I came to the realisation that it might not be the best fit for me as I cannot stand working with drugs for my life. I see myself better as a people person and that Business and Accountancy would be more aligned with my personality.
What do you plan to
do with your Accountancy degree? What are the career prospects with the degree?
Most accountancy graduates advance into careers as accountants, auditors although some venture into the Finance sector as well.I am not exactly sure about the specifics of what an accountant does but I would say that accountants generally gauge a company’s performance using several factors to determine the financial situation of the company. Of course most people will try to go into the Big 4.
What is the Big 4?
According to Wikipedia, The Big 4 is “a prestigious group of the four largest international professional services networks in accountancy and professional services offering audit, assurance, tax, consulting, advisory, actuarial, corporate finance and legal services. They handle the vast majority of audits for publicly traded companies as well as many private companies, creating an oligopoly in auditing large companies.” So accountancy graduates have good career prospects if they managed to land themselves in the Big 4.
What do you think are
things that someone should know before starting a degree in
Business/Accountancy?
Most people can do Business and/or Accountancy because it is quite generic and not too difficult. It is fun to study and quite broad to begin with.
However, if you are someone who does not like to do presentation, then business and accountancy probably does not really suit you because we do plenty of presentation in business schools. It was a culture shock as it was a big change from Junior College where students just sit down and listen passively in class. In business school, students are expected to do many presentations, participate actively and voice your opinions so it may be difficult for students who do not really like to talk.
I think that people who are more outgoing can better fit into Business/Accountancy but that is not saying that people who are less outgoing cannot take up Business/Accountancy
There is a need to be examination-smart because there may not be time to cover all the content and the rest will have to be learned via self-study, so you will have to known what are tested.
Self-control is important in that one must avoid the temptation of ignoring work in the midst of having fun throughout university life. So you must the discipline to set aside time for studying.
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