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Principles of Accounting Archive

Study Habits of Exceptional Accounting Students

Posted April 21, 2010 By Narcisse

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 […]

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US GAAP to IFRS Migration: Reframing the Debate

Posted April 12, 2010 By Narcisse

For a decade or so, there has been quite a lot of talk in the US about a possible transition from U.S. Generally Accepted Accounting Principles (GAAP) to International Reporting Standards (IFRS) with regard to U.S. publicly traded companies. Up to this point, most of the discussions on the subject have been about assessing the […]

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The Statement of Cash Flows Does Not Lie

Posted March 21, 2010 By Narcisse

From the date I graduated from college in May 2009 until a few weeks ago, I did not have  a single opportunity to accomplish any reading as it pertains to academic related accounting materials. I was indeed very tied up with completing the different components of the graduate school application process. Researching Master of Accounting […]

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Principles of Accounting ( referred as “P. Acct” from here then on) is the introductory accounting course at the undergraduate level in most US colleges and universities. Most students who have taken this course would agree that its difficulty level is about average. In fact, getting a B in “P. Acct” doesn’t require much effort […]

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