Last these subjects to follow complex procedures and experiments

Last year, my parents – convinced that they had identified a gap in the market – created their own private company to specialise in healthcare for the elderly. Seeing first-hand the entrepreneurial zeal which motivated them to grow their business, and the numbers and spreadsheets behind it, fuelled my passion for accounting and finance, which captivated me immediately into wanting to study it at university level. This was only amplified by the importance of accounting and finance in ensuring the smooth-running of our society, especially in times of economic recession like our own. At A-level, I have chosen scientific subjects, which I believe will give me a nuanced and systematic approach to accounting and finance. The cognitive branch of Psychology can be used to understand clients’ emotions and the behaviour of firms, which is the clockwork underlying the discipline and requires analytical thinking. Meanwhile, the rigorousness required to produce risk assessments in scientific practical experiments is a skill that can be incorporated into assessing the likelihood of loss on particular loans, investments or assets. The necessity in these subjects to follow complex procedures and experiments meticulously, with extensive consideration to mathematics, as witnessed especially in titrations for chemistry, is also important in accounting and finance, in which a single erroneous calculation or entry into a balance sheet can cause significant problems and may take an exorbitant amount time to rectify. In order to develop my passion for the subject, I have read books in Accounting and Finance in my spare time, such as ‘Rich Dad Poor Dad’. I was intrigued by Kiyosaki’s musings on the ‘Rat Race’, arguing that workers concentrate too narrowly on wages as their ‘assets’ (which Kiyosaki defines as anything which brings money in) and spend too much of their hard-earned wages chasing goods and services they neither need nor want. While this may sound like common sense financial advice, it relies on Kiyosaki’s premise of a dichotomy between assets and liabilities. This premise ignores important distinctions in their subdivisions (such as accounts receivable, inventory, etc.) and fails to consider fully the interdependence of the two, as witnessed in accounting T-charts through double-entry bookkeeping. This may explain why Kiyosaki seems to attribute houses falsely as liabilities, rather than assets. In summer 2016, I took part in National Citizen Service. Over the course of four weeks, I challenged myself in team activities such as raft-building, canoeing and fundraising, all of which developed my interpersonal skills. I particularly enjoyed being my group’s leader, in which office I effectively divided and delegated tasks. I have been on a weeklong work experience placement at Marks and Spencer’s, which has similarly developed my client-facing skills. At school, I am an eager footballer in my spare time, playing for the second XI. The commitment required for this extracurricular activity, including punctual attendance to morning and afternoon training sessions, has nurtured a strong self-discipline within me, enabling me to balance my time effectively between achieving good results on the pitch and good results in the classroom.I consider myself a bright, eager and diligent student. I look forward with enthusiasm to the opportunities I can unlock at university; and to exploring in greater detail the concepts related to money, business and finance.

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