Here are five tips for taking on your accounting courses, whether they’re the lower-division intros or the dreaded tax class.
1. Skim, don’t inspect.
Accounting textbooks, for the most part, are not meant to be analyzed
in every detail. Read the “meat” of the chapter several times through,
taking note mostly of key words, phrases, and concepts–oh, and financial
statements. You’re going to be seeing those a lot in your “real” job,
so get used to ‘em!
2. Three words: repetition, repetition, repetition.
If you can understand every accounting concept the first time you
read about it, you might as well quit school and recreate the Big 5 with
your own accounting firm. Chances are, you are not
going to understand everything the first time through. Reading things
over a few times will make everything so much clearer. Learn things to
the point where you know them like the back of your hand and you’ll be
ready for anything.
3. Stop procrastinating now–no, not later.
This may be a fairly straightforward one, but never underestimate the
danger that is the “P” word. Instead of cramming your study sessions
into caffeine-laced all-nighters and hair-pulling, 3-hour, pre-test
run-throughs, try dividing your work up and doing a little each day. For
example, say you have a week before a test. Divide up your individual
topics/chapters/etc. equally by day, then do a general run-through the
day before. The earlier you plan ahead, the less work you’ll have to do
each day.
4. “Don’t fall behind”–really though, DON’T!
We hear our teachers say it every semester at the beginning of class,
but when they say it, I’m telling you: they mean business. With
accounting, the acquisition of knowledge is sequential. In other words,
it’ll be difficult, if not impossible, to learn about concept “B” if you
don’t have understanding of concept “A” before it. Be especially
mindful of this in accounting and make certain that you
understand what you’ve just learned before moving onto the next topic or
chapter. The further you fall behind, the harder it’ll be for you.
5. One is the loneliest number.
This should be the easiest part: find a study buddy! Although study
groups can get a little chaotic, having one solid study partner can help
you in more ways than you realize. Whether you need one-on-one help
with a certain concept or need notes when you miss a day from illness, a
study partner can be your right-hand person for accounting. Just make
sure you return the favor!
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