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Tips For Accountancy Study

1. Studying Accounting Is Not Like Reading A Story; It’s Somewhat Like Math Or Something.

  • Each assignment in accounting is based on previous assignments completed. If you do half-hearted work in Chapters 1 and 2, you may be confused by Chapter 3 and lost by Chapter 4.
  • Accounting books are condensed. Scan reading just does not work and you will not understand anything.

    • 2. Read To Understand “Why”

  • Accounting is a logical subject, and it requires reasoning.
  • You should be clear as to why something is followed, and then you don’t have to memorize anything.
  • Explain new topics in your own words.
  • Putting the new ideas into your own words is better than reciting the words of the text a hundred times.
    • Don’t copy, try your own skill, and then check your answers.
     

    4. Remember “Why” And “How”

  • Go back to previous chapters and notes to refresh your memory. Rework problems that were difficult for you. Work extra problems that are similar to the assigned homework.
  • Never wait until examination time to review your knowledge.
    • The REVIEW-AS-YOU-GO plan produces better results; the forgetting curve is the mirror image of the learning curve. You forget as fast as you learn.
     
    It is a scientific fact that information that has been forgotten requires that it be relearned, requiring the same time it took to learn it the first time.
     

    5. If There Is Something You Do Not Understand, Prepare Specific Questions To Ask Your Instructor.

     
    Some students keep a notebook of points with which they have questions. Specify the points which you don’t understand.
     
    Working With Accounting Problems At Home
     
    1. READ THE PROBLEM! Read the instructions and scan the problem to see what is ahead.
    2. Work the problems without “PAGE FLIPPING” back to the chapter.
  • When in doubt, look back at the chapter — but NOT until you have tried to do the problem on your own. This indicates that you do not remember the chapter material. You are not prepared for an examination. The “PAGE-PLIPPING” method is guaranteed to waste a maximum of your time and to produce a minimum of results.
    •  
    3.  Keep up with the class! IT IS EASIER TO KEEP UP THAN TO CATCH UP!!
    4.  Note the part of the problem with which you have difficulty and ask questions during the classroom session.
    All the best!!
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