Study Habits for the Average Accounting Student

| Last updated on April 21st, 2010 by | Filed under: Audit and Assurance, Financial Accounting, Managerial Accounting, Words to the Wise | 5 comments have been submitted - join the conversation!

Succeeding in any field of study requires the use of a solid strategy and accounting is no exception. As an undergraduate student in accounting, I many times had classmates in my accounting courses that would complain about their inability to consistently achieve above average exam grades. In response, I would ask  them to outline their strategy for tackling accounting courses. In 9 out 10 cases, they had no clearly defined strategy and that’s exactly what I call a recipe for failure. Successful studies in the field of accounting require a structured approach. While I never did exceptionally well in college, I was however able to do better than average in all my accounting classes because I developed and adopted effective learning habits very early on. Before going any further, I would like to mention that the accounting study tips I am about to share with the whole world are not a one size fits all. You are thereby invited to tweak them as you so fit so you can achieve optimum results. With the disclaimer out of the way, let’s take a look together at the study habits that enabled me to fare better than most throughout each of my accounting classes. These learning habits were organized in four chronological phases: before the lecture, during the lecture, after the lecture, and before the test. Continue reading Study Habits for the Average Accounting Student

| First published on April 21st, 2010 by | Filed under: Audit and Assurance, Financial Accounting, Managerial Accounting, Words to the Wise | 5 comments have been submitted - join the conversation!

The Best Business Operations Run on Sound Managerial Accounting

| Last updated on June 28th, 2009 by | Filed under: Careers in Accounting, Managerial Accounting | Nobody has commented yet, kick it off...

This week, I am going to cover the area of management accounting (often referred as managerial accounting or cost accounting): a division of accounting that is given little to no consideration by most students majoring in accounting. Little attention is given to management accounting because most students equate their post bachelor accounting career to working as either auditors or tax accountants. However, the Institute of Management Accountants states “In fact, of the five million finance function professionals in the U.S., more than 90% work inside organizations as management accountants and finance professionals”. Indeed, only 35% of students graduating with a bachelor in accounting do end up in public accounting. The other 65% join the ranks of the private sector working in businesses accounting divisions or some other areas unrelated to accounting. I do however have some bad news for those of you who firmly believe that you will be among the 35% going to work in public accounting. Only 50% of those who start a career in public accounting will remain within the industry after five years. Continue reading The Best Business Operations Run on Sound Managerial Accounting

| First published on June 28th, 2009 by | Filed under: Careers in Accounting, Managerial Accounting | Nobody has commented yet, kick it off...

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The Author

I am an accounting professional actively seeking the Certified Public Accountant (CPA) designation. Disclaimer: This blog site is published by and reflects the personal views of Narcisse Dansou, in his individual capacity. It does in no way represent the views of his employer. The author assumes no responsibility for errors, omissions, or damages, caused from the use of the information contained herein.
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