Monday, December 4, 2006

Accounting for the accountin exam prep

I know not whether should i be happy that i am done with accounting exam, or to feel sad that i didntdo it well even after all teh time i spent in deciphering the nuances in accounting..
Personally, i never liked Accounting. The first time i confronted the balance sheet debits, credits was during my engineering. Indeed was overwhelmed by the crappy work that accountants have to take up for their bread and butter. It being an elective, ( i guess so.. ) made me not to actually understand it, but read just enough to get a decent number in the finals. I faintly remember that i had to tweak my solution , just like what the Enron guys must have done with their balance sheets. :) ..
In here, the whole accounting was a different story. IN the first module, i had Accounting-I.. I was amused by the way the events in an organization are ledgered, jornal'd and finally accounted for in the final financial statements. Though i got good grade in my first mod,, I never was confortable with debits and credits,, I had a tough time understanding why the gain is credited (substracted) from the cash.. and losses added.. Yet... alls well that ends welll... My accounitng professor is worth a pinch of praise here.. She is an amazing prof, and is very enthusiastic about the subject. (just to give an example of her passion: Theusername and passwd for the course site is 'accounting', 'isfun')
I had a mandatory accounting class in teh second mod.. ( the current module)..If the first accounting class is a spoon feeding session, this was a crash course .. I guess, i had a mention about my professor in my previous post..Every one in our class is intimidated by this prof (in contrary i find him amusing, intelligent, a perfect professor with a perfect way of teaching the subject) But what we havent anticipated is the last minute surprise for the BIG exam. He, cleverly I guess, posted the sample final exam just days before the final. (clever coz, i wonder whetehr anyone had given any positive feedback had they known the toughness of the sample paper any earlier).. The review session of the sample paper was a BIG surprise for every one.. Though it is not out of the scope of what he taught in the class, it scared the shit out of every one just coz he never did cover the kind of problem he gave in sample final..
I gues every one must have hit their books soon after the review session.. For me, i studied from 10:00 in thenight till 2:00 in the night.. Got up at 8:00 the next day.. Studied till 8:00 in the evening with a 2 hour break.. (yeah. i did it. even i could not believe it..Goes without saying that it costed me a haf pack of Marlboros... ) I was so sick and tired of going through the accounting that, I boozed that night.. The studying continued the nextday ..THe whole study session was strenous, yet i got a GOOD grasp of the concepts. So good that, I started loving/liking accounting.. The more i understtod it, the more i started to appreciate and admire our professor. I decided to go on and take twomore courses in accouting had i done the exam good..
exam day, I thought i will nail that bitch.. but well, i could not.. I small twist in his cash flow problem ( a typical Hanna way of paper) scrwed me.. My poor time mamagement added to the woes.. On the whole, iguess i did it good.. better than others, but yet not up to the expectations I had on my performance - ( after all that pain and all that understanding of basics)..Well,, the take away is a satisfaction taht i understood accoutning.. and a satisfaction that i was close to nail the exam..
I thank my professor for his way of teaching.. Had it not been the way it was, or had it been spoon feeding, i dont think i would have enjoied accouting that much.. Needless to say, My liking for my Accouting-I professor is totally overwritten by that of my Accounting II prof..
My advice - take accounting.. take it from a prof who is passionate about it.. Then you would understand what I now feel like..
Nickel Back never sounded so very good before!!!! :)

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