What happened when you made a serious mistake while preparing Financial reports?

It was happened in1984. When I solved a problem for Accounting I have given the answer as "400" instead of "400000". (I forgot to add '000's which was marked on top of the question-as in '000s.). I could score only10 marks instead of30 for the correct answer and also lost my University Rank.

Since then I was very careful and not happened to make mistakes out of neglect-ion.

 

1-. I can handle it myself

if you are able to solve the mistake on your own then do it, if not take help from your senior. I have seen many people especially juniors making mistakes and then hide it when they realise to have made a mistake, thats very bad as hiding mistakes may create more problems for you, so whenever you realise to have made a mistake just declare it and get it corrected ...

Its happend2003 i solved it and told my manager

It is depend upon what level of authority I am on.

 

When I am a junior staff, I  would definitely highlight it to my seniors for help and resolution. When I am on a senior management role and I made any serious mistake, I have to face the consequences and need myself to take prompt initiatives to ensure least damage to the organisation due to that error or mistake.

THANKS FOR SARAH

1) FIRST IF IT IS MINOR THAN HANLDE IT SELF

2) ASKED THE SENIOR OR AUDITORS TO HELP FOR CORRECTION THE CONSULTANT GIVES THE RIGHT SOLUTION FOR A BIG RUMBLE

seniors,colleagues for help

I 'll handle it by myself

I believe everyone make a mistake, afterall we are all humans. There is no shame of asking your seniors or colleagues if you made a mistake and unable to resolve it.

Option1

IF POSSIBLE I WILL TRY TO HANDLE BY MYSELF