The Student CPA

If you think that getting through your tax and financial accounting classes was  challenging, please hold your breath because you ain’t see nuthin yet…pardon my English.  Before walking at your graduation ceremony, you will have to win your battle with the ultimate ceremony’s gatekeeper: Auditing. You will be surprised by the overwhelming number of students that give up pursuing an accounting degree just because they are unable to pass through the funnel that is Auditing. Auditing is really a different animal because it requires a lot of memorization along with a healthy dose of critical thinking. Most accounting students naively overlook the complexity of auditing because there is little mathematical computations involved in it. The lack of math is largely compensated by the fact that you will be dealing with a lot of situational issues. Not only will you have to memorize the rules but you will also need to pare them to the different auditing cases you will be asked to solve during your tests. It is primordial that you allot plenty of study hours for your Auditing class if you wish to earn a passing grade your first time around. There is indeed no easy chapter in the typical Auditing curriculum. You can’t get complacent throughout the whole semester or you will get burned. There are  a few things that one needs to accomplish if he or she desires to position him/herself to jump over Auditing: Continue reading Auditing: A gatekeeper like no other!