I really don't understand why I find accounting so challenging. I just got done taking a quiz in that class, and even though I studied quite hard for it, I still only ended up getting a B on it, and it makes me rage. I took proper calculus with engineers/math majors as well as science classes and I never had this much trouble getting an A on a midterm/quiz. I also took a finance midterm, got a 98, took 2 econ tests and got As or A-s on them, but accounting just isn't working. Has anyone else struggled with accounting as much as I have?
how hard is accounting?
Accounting is a very memorization heavy topic that requires a lot of work and rote memorization. Accounting is about mechanics and if you can memorize the rules - you will be successful.
Management accounting is worse than Financial Statement Accounting. For me, it was just a matter of rote repetition, literally over and over. Financial accounting was easy. Statements, statements, statements. Read the lecture slides, read the corresponding textbook pages, do the practice problems. Do the homework again. Read the slides. Do more statements.
Learning accounting is a very mechanical process and all that it takes is just a lot and a lot of practice to score a very high mark. The fact that so many people work in accounting confirms the fact its not rocket science. Just look at the number of people with CPAs. Oh, and management accounting sucks. Financial accounting is much easier.
How good you are at accounting has nothing to do with how smart you are. It's nothing more than the result of how much time you spend practicing that shit over and over again until you've got it down cold. So don't sweat it just try harder and repeat.
Need help with financial statement accounting? Check out the video below to start reviewing concepts.
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