Ever since I wrote the UFE I’ve been hearing that phrase a lot; often in the context of receiving more responsibility. And it’s good. At the same time it can be really stressful since people assume you’re automatically a tome of accounting knowledge after you write.
For instance last week I wrapped up the first audit I’ve ever done solo. Unfortunately, there’s a vast difference between writing a planning memo for a UFE simulation and actually performing an audit on your own. I’m sure this isn’t real news to anyone, but that fact hit me square in the jaw last week as I was trying to make my deadline. Luckily everything was fine and I managed to get the file done on time. I also learned a lot in the process, which I’m sure will help me in the future.
The whole experience really taught me that there is much I still need to learn.