Tuesday, November 20, 2007

Accounting madness

Its madness trying to make those accounting ratios make some teeny weeny bit of sense to me. If its purely plucking numbers from annual reports n applying them to the formula its still fine... but it is NOT fine when you have to know why this number is used and that is not, if this is included then that have to be excluded etc etc... me ain't in any finance class. In fact, Financial Statement Analysis is a module by itself under Masters of Applied Finance if I'm not wrong. Madness! Though what we're taught is probably only the 'introduction' for the master course but still its a pain in the neck. We spend 6 hrs on this and I know nuts...I don't care..I'm throwing out all those derivation for those fomulae..what disaggregating ROCE, ROA blah blah..

Guess I'll never get rich... coz I can't analyze financial statements to make investments. *roll eyes*

And many little bumps, acne I think, have appeared around the sides of my forehead and near my eyebrowns. ouch.

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