Over my head

Sitting in class on Tuesday as the Professor explained in great detail how to create journal entries for transactions, I was way out of my league. I felt lost, bewildered and overwhelmed. As is the case when I feel I am the only one who is struggling, I looked around for support. Finding everyone intently listening, I dutifully wrote down everything the Professor mentioned.

Back home, I looked over the notes. I had no clue what each number meant. Resolving to myself that I needed to understand it before the next class, I made a mental note to work on the problem discussed in class over the weekend.

The first stirrings of doubt started in my mind. Was I really doing the right thing? What if I failed miserably? Was it worth the time, money and effort?

It took me back to the countless times the very same questions swirled around my head. Be it the decision to opt for a job totally out of my comfort zone just to get out of the house and be financially independent or the decision to quit a company I loved and move on for the money I needed. Every time I started something new the nasty doubts have humbled me, made me think. Sometimes, they depress me too. Each time I look back on a decision I made with regrets I tell myself that it has taught me valuable lessons.

Perhaps, I will never be quite the pro at creating financial statements. But, it is possible that these sheets will mean something to me as time passes. I will be better informed than before I started the classes.

Perhaps, years from now, I will read this post and smile to myself.

13 comments

  1. I am sure you will look back at this post years from now and smile… I am sure it is just the initial apprehension at things that are new,

    Good luck! Keep at it and everything will work out well,
    take care,

  2. I am sure you sitting and looking through stuff would clear things up on the balance sheets or anything that offers you a stumbling block. As you rightly put it, years down; you would look at this post and smile or even laugh thinking how silly you were! πŸ˜€
    It is all worth it and you are worth it. You will do well – I am sure.

  3. I totally agree – this is something you will smile back at. I used to feel the same way when I sat down with Profit and Loss while in high school. I beleive I can look back at that and smile now πŸ˜€

  4. Hey, journal entries are a piece of cake. And if that can come from me, trust me, you’ll be mastering it in no time! All the best…

  5. Laksh,

    I can’t help but say that this post sounded a lot like where I am in my current professional life. I am sure that with time you will be whizzing through those spreadhsheets and journal entries once you get the hang of it, so keep ploughing. I had to cut and paste this paragraph from your post that made me feel so much akin to you-

    “Be it the decision to opt for a job totally out of my comfort zone just to get out of the house and be financially independent or the decision to quit a company I loved and move on for the money I needed. Every time I started something new the nasty doubts have humbled me, made me think. Sometimes, they depress me too. Each time I look back on a decision I made with regrets I tell myself that it has taught me valuable lessons.”

  6. Hi Laksh. Don’t worry. It may take a little while to get used to the basic concepts, but once you are familiar with them, you will find journal entries very easy. (Let me know if I can help in any way.) Re getting out of your comfort zone….. I am very proud of you!!! This is something significant in your life, that you will be looking back fondly on. Don’t be afraid, but get the right support that you need (when you need it). You will be fine πŸ™‚

  7. As some one I know says, nothing is rocket science. And also from my experience in this country’s education system, you could always walk upto the prof. and tell him that you have these difficulties, the prof. might be able to tell you how to speed up the curve.

  8. Laksh, financial statements, like most things in life, is hard before it gets easier. There are tons of resources on the web. Keep practicing and I guarantee you success. When I went to school, there was this friend whose background had nothing to do with accounting, and she was really intimidated and terrified the first day. But guess what? she used her fear to propel herself and ace the course standing first in the class in that course. Hard work and determination can work wonders! So you go girl, give it your best shot.

    On a side note, the dictionary section in http://www.investopedia.com will be helpful to gain an understanding for the basic terminologies.

  9. Hey I was in the same situation during my MCA. We had one paper called Financial Accounting. Everything seems to be greek and latin to me.As months passed by I understood the concept and got a reasonable score.

    I think you will. You are having that capability.Prove and rock buddy…..:)

  10. Hey Laksh, If we know everything, we don’t need any more learning. This course is for you to learn what do not know. I think, you are right on with the first step: to accept that yes I don’t know these journal entries. At the age we are in, it is bit hard for us to accept I don’t know( and you did it with such as ease). I always feel I am far behind people of my age in knowledge. Many a case, it’s just that people beat around the bush and it appears that they know it all. Man..sure many of your classmates frantically taking notes were doing it because they want to go through it later, word by word to make head and tail out of it. hey, you have access to nay of their blogs, I wonder:)
    have fun with numbers over the weeeknd.. and teach me those some day!!
    shy

  11. @JS: Thanks! It has been better this week. Just needed some extra prep before class.
    @Apar: Thank yoU! This week has been better for my morale.
    @Rekha: P&L πŸ™‚ Nice memories. Math has never been my fav so no wonder accounting is not something I relish either.
    @Nikhil: Easier said than done! πŸ™‚ I took a journalism course a few years back. When I realised how close to tech writing it was in terms of political correctness and attributing to the source I realised that my idea of journalism was actually creative writing and they are worlds apart.
    @Shalu: Thank you. Check your mail this weekend. I may ask you for help with my mid term exam ;p
    @Mitr: πŸ™‚ Hopefully you will feel better about your professional life soon πŸ™‚ My class this week has been better.
    @Spillay: Will take you up on your offer to help πŸ™‚ I really hope I look back on this fondly πŸ™‚
    @Sachita: Actually I just did that and am glad I did.
    @Suman: Thanks for the link! Bookmarked it. The problem with me is that am not quite the propelling type. I am content with mediocrity and that is my bane.
    @Abi: Aaha! So, you did financial accounting. Will call you weekend.
    @Shy: Wonder if any of them have blogs. gotta check. have never had a problem admitting I don’t know. πŸ˜›

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