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AcademicGround >> Any Tips on Financial Accounting?


9/22/07 11:29 AM
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El Maquina
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Edited: 22-Sep-07
Member Since: 01/01/2001
Posts: 8243
 
The professor is making it as hard as humanly possible. It's a 300 level financial accounting class. Does anyone have any advice for doing well in it? I'm already studying, but when I take the test half of it looks foreign to me. Thanks in advance.
9/22/07 2:23 PM
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Polaris
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Edited: 22-Sep-07
Member Since: 01/01/2001
Posts: 1349
Suicide would probably be the easiest solution. That's probably what I'd want to do it your situation. I hate accounting, but I've atleast been lucky enough to have good teachers for the accounting classes I've had to take (I still have to take one more). Good Luck!
9/22/07 7:34 PM
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El Maquina
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Edited: 22-Sep-07
Member Since: 01/01/2001
Posts: 8244
And good luck to you my friend. You just have one more? I'm so jealous of you! I'll definitely take offing myself into account.
9/24/07 10:21 AM
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Polaris
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Edited: 24-Sep-07
Member Since: 01/01/2001
Posts: 1352
I remember when I use to think, "Accounting...really how hard can that be?" Well I found out that it can be hard in it's own unique and incredibly annoying way. I don't know how people can stand it. Two subjects I despise-Accounting and Statistics.
9/29/07 11:48 PM
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homsian
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Edited: 29-Sep-07
Member Since: 10/06/2003
Posts: 67
Maquina, Can you be a bit more specific? What exactly in Financial Accounting is giving you a hard time? I understand that it looks foreign to you, but what exactly do you not get? -homsian
10/1/07 12:09 AM
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homsian
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Edited: 01-Oct-07
Member Since: 10/06/2003
Posts: 68
Maquina, The best thing I can recommend for trouble in financial accounting is getting more practice in the subject than what you already have. I would get a CPA review book from Wiley or Bisk and use that as a reference guide as to what you don't get. Information broken down with lots of questions to answer. I hate to sound cliche, "practice makes perfect". -homsian
10/4/07 1:55 PM
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El Maquina
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Edited: 04-Oct-07
Member Since: 01/01/2001
Posts: 8271
homsian, The professor goes over examples in class. He gives us take home problems to do also. I'm not sure if it's the way he words the problems or what but it's pretty tough even after giving it a bit of practice. Right now we are working with the statement of cash flows and the time value of money. Annuities are easy until the payments and frequency aren't the same anymore.
10/13/07 2:17 PM
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homsian
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Edited: 13-Oct-07
Member Since: 10/06/2003
Posts: 70
Maquina, I recommend the CPA review book or some other type of review notes to supplement your teacher. I believe cliff's notes makes review notes regarding financial/"intermediate" accounting material. For some reason in college my professor was the worst when it came to explaining the material but when I read the material from the textbook or a supplemental source it always made more sense. In addition try to do more problems outside of what he gives you. I understand that at times it may be difficult due to time constraints, but if you really want to get better you will find a way. I'm not sure if you work while in school. I recommended the books because I was working 40+ hours a week while going to school full-time so I didn't have access to tutors or study groups. Does your school have tutors? Can you get in a study group?
10/16/07 4:06 PM
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El Maquina
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Edited: 16-Oct-07
Member Since: 01/01/2001
Posts: 8295
Yeah I was working 40 hrs a week while going also. I dropped the class today, not really sure if it was the professor's teaching or my IQ dropping. I do know that many were failing the tests and the exam questions seemed like nothing we went over. I believe my accounting aspirations are over.
11/12/07 11:32 PM
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tower1
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Edited: 12-Nov-07
Member Since: 02/24/2003
Posts: 730
I'm an accounting major I got a "A" in Intermediate Financial Accounting 2. The CPA reviews will not help for these courses.... They are not detailed enough and it is hard to accurately match the material you cover in class with the review material. My recommendation is to buy and use these: http://www.amazon.com/Intermediate-Accounting-Chapters-Problem-Survival/dp/0471226408/ref=sr_1_2/105-1337026-1682815?ie=UTF8&s=books&qid=1194927976&sr=8-2 http://www.amazon.com/Problem-Solving-Survival-Guide-Intermediate-Accounting/dp/0471226416/ref=sr_1_4/105-1337026-1682815?ie=UTF8&s=books&qid=1194927976&sr=8-4
11/12/07 11:33 PM
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tower1
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Edited: 12-Nov-07
Member Since: 02/24/2003
Posts: 731
Probably way too late
11/27/07 2:48 PM
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jstkickin
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Edited: 27-Nov-07
Member Since: 09/18/2006
Posts: 41
make a cheat cheat; on your calculator cover or type it in your calculator. Helps me out for the things i cant remember.
11/28/07 9:54 PM
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Liyon
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Edited: 28-Nov-07
Member Since: 01/01/2001
Posts: 15275
"make a cheat cheat; on your calculator cover or type it in your calculator. Helps me out for the things i cant remember." You're allowed to use personal calculators on exams? Shocking!

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