The course Language of Business (LOB, a.k.a. Financial Accounting) has been a very unique experience for me. Coming from a Science background, I was abruptly introduced to the world of business by its basic foundation: accounting. It was literally like learning a new language: what in blue blazes is debit and credit? Payable and receivable? Revenue and expense? I came in knowing a fingernail’s tip of business. Upon my entrance, I was showered by shock and disbelief.
I will admit that it was tough at first. Starting with the pre-MBA, accounting became a “Goliath†placed in front of me to challenge, with just a “sling and stone†of knowledge. At the beginning, I was disheartened by the speed and difficulty of the topics. Would you imagine, we finished a 690-page, 14-chapter Accounting book in just 10 sessions of pre-MBA? I instantly became a semi-accountant in just two weeks. I even joked to my friends and family, “my new course designation is B.S. Biology, major in Accounting.†And why is that? The topics covered were vast: from the basic accounting cycle to the analysis of financial ratios. Now that was a challenge.
It became even tougher in the MBA proper, as there were minimal lectures and mostly cases. This meant self-study for the non-accounting-proficient, and that sadly includes me. I was forced by circumstances to get the book and start reading it for all its worth. A friend told me, “What? You’re studying now? In college, you hardly picked up a book.†Well, I am highly disadvantaged. That was the only logical thing to do. The quizzes we had week after week were taking the best of me, and I had to cope with all the stress, which did not only include LOB. And it was in this part that I learned that accounting was not just all debits and credits. Bonds, Leases, Inventories (and the infamous FIFO, LIFO, and cost of goods sold), Depreciation, and currently Cash Flows and Financial Ratios were shot at us like sniper bullets aimed at our foreheads. I was just happy that I did not lose my mind with all these topics. I would jokingly say when asked how I am, “Well, I’m still alive, so I must be okay.†And that is the truth.
For the better part of this reflection, I have to say (with no bias involved) that our professor, Mr. Larry Tan, gave it his best to help us understand this foreign language. In his part, I know it must also have been a challenge in making 128 brains appreciate (or at least comprehend) this language. For that, Kudos to you, sir! I learned a lot from the class, even if I am not from a business background. So, if there is anyone who wants to take an MBA but has no business background, you are welcomed here in AIM.
One thing I learned in all this is to take one day at a time, a case at a time. I learned that we should control our emotions and stop worrying about the future. This will only make it harder. So, the best thing to do is relax when you can, keep your cool, and do not over-study. If you think it is enough, then it is enough. Although, you should be very sure of this, or this idea might backfire. In addition to this, I learned that anyone can do accounting; all you need is practice.
I have to admit, though, that LOB was an exciting experience, despite all the ramblings I end up saying after every quiz. It made me experience some of my life’s greatest highs and lows, and in just two months. And it even made me addicted to chocolate, for that matter. I think LOB gave us a “slice of the cake†we were all going to experience throughout the MBA proper. The only thing I could do is sigh and accept (open-handedly?) all the challenges that will come my way. “Bring it on!†is all I could muster. For the two months of LOB in this term, I was slowly transforming to a better person I never knew I could be. I hope I learn to use this experience with my other subjects in the MBA.
Good luck on the last quiz and the finals, guys!
FYI: To be submitted with edits as a reflection paper. Don't anyone dare copy this!
Labels: the AIM doodles