The majority of graduates entering accountancy do not actually have business-related degrees, so I certainly was not isolated in my initial lack of business knowledge!
Khan (not his real name), a 24-year-old who came to the UK two years ago from Chittagong in Bangladesh to study for an accountancy qualification, does not dare tell his parents that the college he enrolled at has closed.
Accountancy changes Accountancy rules do not hit the headlines, but the commission said they also played a part in the banking crisis.
If a company has 50 legal entities in China, it does not need 50 accountancy directors and 50 tax directors.
Other "harder" subjects – business, accountancy, law – do not show that collapse in numbers, though across the board the figures are down something like 8% year on year.
This annual accountancy exercise, which the letter refers to, does not evaluate the nature of the work carried out by MEPs assistants, which is the focus of the inquiry reported in earlier stories.
He does not believe in cuts as a matter of accountancy, saying "it has got to be austerity for a social purpose", insisting he will protect the schools budget.
"Four thousand pieces of a Porsche are more difficult to value than a Porsche itself and the sum of the parts does not equal the whole," says Bill Michael of KPMG, an accountancy firm (choosing an appropriate car).Some banks clearly also underestimated the risks of illiquidity.
Peel does not record his reaction on being uprooted as the Financial Times's accountancy correspondent and tossed into Lagos in 2002.
Schwarzmann declines to say what the current bill is, and insists accountancy firms don't have the multimillion-pound bonuses of investment banks, as profits are shared among partners with less busy members of the firm also getting their share.
