How's my Luck now?

Reflections, views and descriptions during my stay at IIM Lucknow from July 2004 to March 2006

Location: India

Thursday, August 12, 2004

Accounting paper

Finally, the law of averages caught up with me and almost everyone else, as most of us did moderately well or badly in today's Accounting paper. To be fair, it was a really good paper on the following counts:
  • It covered every aspect of the subject taught so far. Nearly every concept had found a place in the paper.
  • The marks were also proportionately given - only objective-type questions for the basics, and then more marks for progressively more important things like accounting standards, profit and loss accounts and balance sheets.
  • It was fully application-oriented - no theory questions. I must say that even though I had a feeling I was not doing very well, I enjoyed writing the paper.

The main thing that went against it was its length. It was an impossibly lengthy paper and I could attempt questions worth only 27 marks out of a total of 35 marks. Of course, in such situations, Relative Grading comes to the rescue. There are hardly a few (mostly C.A.s) who have been able to complete the paper.

On the lighter side, this paper makes me rework Sahir Ludhianvi's words from the Rafi-Mukesh qawwali in the film 'Phir Subah Hogi' (these lines have been sung by Rafi):

'phirate the jo bhi sikandar bane hue, baithe hain sar pakadke, kabootar bane hue
subject men ye haal ho, us subject se tauba, tauba!'


Blogger ASHOK VAISHNAV said...

One can appreciate the feelings of tauba,for Accounting and economics, particularly from "technical" persons.
However, it must be remebered that the ultimate measure of success of a business enterprise is measured and represented thru' ACCOUNTS. A most respected benevelont organization would not command as much respect if it were not as profitable. Same for products.
Ang , certainly for a person -- EK noor admi, ha zar noor kapada.

5:47 PM  
Blogger Tadatmya Vaishnav said...

Of course, I meant the 'tauba' on the lighter side only. I am getting more and more interested in Accounting and the financial aspects of companies and organizations. After just 5 weeks of studying accounting here, suddenly a lot of news items in ET have started making sense and it feels great to be able to understand such things.

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