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Tobin S.

(10,418 posts)
Sat Sep 7, 2013, 08:36 PM Sep 2013

Accounting is difficult.

Learning accounting has been one of the hardest things I've ever done, intellectually speaking. I just spent most of the last 8 hours learning how to account for bonds. My right eye has developed an uncontrollable twitch and half my hair is laying on the floor beside me.

Another student in my class (it's an online class) has actually asked if there's any way she can take a pass on some of the work involved. "I've got four other classes, but I spend all of my time on accounting homework!" Since it's the second week of class and no homework has been due until tomorrow night, apparently some of the students who aren't familiar with accounting classes have just now started to try to do the homework. Those in the know have been working on it for the last two weeks. There's no way those kids are going to get done by tomorrow night.

I've got more to do before tomorrow at midnight, but I'm taking a beer break. Make that a sanity break.

18 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Accounting is difficult. (Original Post) Tobin S. Sep 2013 OP
Sounds like you're due for some absorption costing. rug Sep 2013 #1
It's coming later this semester Tobin S. Sep 2013 #3
I was thinking about buying beer. rug Sep 2013 #5
10-4 on that, rugster Tobin S. Sep 2013 #6
Good luck, my dear Tobin! CaliforniaPeggy Sep 2013 #2
Thanks Peggy Tobin S. Sep 2013 #4
Never tried accounting, elleng Sep 2013 #7
Thanks Ellen Tobin S. Sep 2013 #8
OK, no more!!! elleng Sep 2013 #9
I never got past debits to add and credits to subtract Paulie Sep 2013 #10
I don't do well with rules people make up. hunter Sep 2013 #11
If you don't have practical need to apply it every day, I agree Generic Brad Sep 2013 #12
Accounting sucks... 2theleft Sep 2013 #13
I took both accounting and statistics this year. Initech Sep 2013 #14
Comedy is hard. n/t mockmonkey Sep 2013 #15
Easy accounting help MarshellaSmith Sep 2013 #16
I NEVER passed acounting at my 4 year college long ago benld74 Sep 2013 #17
When I had the band, I was expected to do all the accounting, but found it really easy, MiddleFingerMom Sep 2013 #18

Tobin S.

(10,418 posts)
3. It's coming later this semester
Sat Sep 7, 2013, 08:50 PM
Sep 2013

It doesn't sound as bad as what I just went through with bonds. I think I used to do it in a lay person's way back when I owned a semi.

Tobin S.

(10,418 posts)
6. 10-4 on that, rugster
Sat Sep 7, 2013, 09:08 PM
Sep 2013

All this serious college stuff has made me all serious and stuff. I'm missing the punch lines.

CaliforniaPeggy

(149,588 posts)
2. Good luck, my dear Tobin!
Sat Sep 7, 2013, 08:49 PM
Sep 2013

I have never had an accounting class...

And I can't afford to lose any hair!

I know you'll get it...

Eventually!



Tobin S.

(10,418 posts)
4. Thanks Peggy
Sat Sep 7, 2013, 08:55 PM
Sep 2013

Yeah, I'm getting it. The cool thing about that is that it's something that a lot of people don't get.

elleng

(130,865 posts)
7. Never tried accounting,
Sat Sep 7, 2013, 09:17 PM
Sep 2013

but sending you sanity vibes, Tobin! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Paulie

(8,462 posts)
10. I never got past debits to add and credits to subtract
Sat Sep 7, 2013, 10:31 PM
Sep 2013

And that deferred revenue stuff, booking income over time even though you have the cash in your hand. Bonds have phantom income too, paying tax on money you don't collect until the future.

An well, to hell with EBITA.

hunter

(38,310 posts)
11. I don't do well with rules people make up.
Sat Sep 7, 2013, 10:33 PM
Sep 2013

I don't think I could be an accountant or a lawyer.

In the sciences or engineering you can always be confident that Nature doesn't care what humans think, or what rules we live by.

If I'm not firmly embedded in a natural reality I always drift away...

Like what if "wealth" was considered some horrible thing to be dispersed before it ate your soul?What would our society look like then?



But do remember it's school. I flunked macro-economics the first time I took it because I questioned everything and got in a fight with a teaching assistant. Second time I took it I realized it was just a class I had to pass and got an "A."



Generic Brad

(14,274 posts)
12. If you don't have practical need to apply it every day, I agree
Sat Sep 7, 2013, 11:10 PM
Sep 2013

I have no formal accounting training, degrees or certification yet I have been working with it daily for two decades now. In that time I have become extremely proficient in performing, training, and managing accounting functions. I have even helped design automated accounting systems for two separate software applications over the past ten years.

When I started in my industry accounting was like a foreign language and I struggled to grasp the concepts. But then I was trained by a financial guru at my company before he retired. When he saw I was intimidated he helped me keep my cool by describing it as "fancy plus and minus". For some reason, that idea resonated with me and I realized I could do it. I am now able to follow the routes of debits and credits through some very complicated transactions.

Hang in there. Once you move beyond theory and get into practical application it gets easier.

2theleft

(1,136 posts)
13. Accounting sucks...
Sun Sep 8, 2013, 12:16 AM
Sep 2013

Hang in there. My first year in school I took Accounting 1 first semester and Accounting 2 second semester. That was the worst year ever. I was working full time like you are. Everyone at work knew what nights I had accounting class because I was such a grouch the few days prior from trying to do all the damn homework. F*cking accounting is what I called it.

The good news is that for some reason the fist class was the worst. Finance, Budgeting/Operations Management, and the other classes I had later were NOTHING compared to Accounting 1, so, if this is your first accounting class, it does get better.

Beer breaks are a good idea just so you don't get completely frustrated and irritated. Starting your homework well ahead of time was also a great idea. It amazed me how much time accounting took outside of the classroom.

Initech

(100,063 posts)
14. I took both accounting and statistics this year.
Sun Sep 8, 2013, 12:38 AM
Sep 2013

Statistics sucked. I spent like six hours every weekend studying for statistics and wound up failing a test. I wound up dropping the class as a result. Accounting is a piece of cake after statistics.

MarshellaSmith

(2 posts)
16. Easy accounting help
Sun Sep 8, 2013, 01:37 PM
Sep 2013

Well, accounting is difficult, but you can learn it easily. Online tutoring sites such as tutorteddy teaches students and helps student doing homework without facing difficulties.

benld74

(9,904 posts)
17. I NEVER passed acounting at my 4 year college long ago
Sun Sep 8, 2013, 01:52 PM
Sep 2013

Two courses, I flunked the 1st twice. They were teaching accounting theory and testing us on accounting practice. Two entirely different things in my mind, I could NEVER make the connection.

I wound up taking the class at a local community college, passing them with B's, and transferring the credits to the 4 year.

There is ALWAYS a way to do thing.

Don't give up, find something that works for you

MiddleFingerMom

(25,163 posts)
18. When I had the band, I was expected to do all the accounting, but found it really easy,
Sun Sep 8, 2013, 02:25 PM
Sep 2013

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I only messed up 4 or 62 times or somethin'.
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Uh-one and uh-two and uh-three... HIT IT, BOYS!!!
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