Learn how to approach Financial Instruments
Financial instruments shall always be considered in the business context of an entity.
"Outsiders often have an insight that an insider doesn't quite have."
Once I went to a job interview. All went well until the hiring manager asked me: "Financial Instruments. Are you "in" or "out"?"
Pardon me?
What he meant was, whether I considered myself proficient in accounting for financial instruments.
Way too often, especially at large houses, this area of accounting tends to be reserved for "specialists."
It also means that missing the window of opportunity in junior years of practice, may cause you avoiding the topic later.
"Too complex, only for insiders."
So how to tackle financial instruments in a healthy way? Take a look at today's carouselā©
*For the sake of digestible length I only included the Financial Asset side, steps are applicable for Financial Liabilities as well.
opening quote by Diane Abbott.
