Accounting Trick Tips

[blong131]

yeah so i put off my accounting final till the 2nd semester so i could go on a ski trip. It's tomorrow. I also put off studying till today.

anyone got any accounting trick tips?

 

[eheath]

Luck. I studied for about 10 hours day before my final and pretty sure i didnt get any better than a C- on the test.

 

[Tinga]

assets = liabilities + stock holders equity

knowing credits and debits

depreciation methods.

 

[blong131]

actually, i would say this is a decent trick tips. back to basics. so thanks haha

 

[blong131]

a decent trick tip. singular.

 

[switchskier206604]

youtube.com for any accounting tutoring needs. plenty of professors on there giving accounting and finance advice / instruction / tips. whatever you need.

 

[dmc12380]

if you got a day left for studying then learn how to cheat.
i studied for 2 midterms 2 weeks in advance 6 hours a day and got 50's on both.
but got a 95 on my final so i saved my ass

 

[switchskier206604]

As an accounting tutor, I would advise against this. . . . LOL but fuck, yea... shit, man... I'm not doin it.

 

[blong131]

disregard women acquire currency

1 hour left studying haha

and fuck this, same day as this make up final i find out im not goin to mount snow for the weekend! fuck the weather EC just got, im gettin hammered for the whole weekend /rant

 

[Barefootin_Fiend]

which accounting class is your final in?
if it's 100 level accounting, just remember a=l+e & know how to use t accounts.

 

[mark.p]

Remember ACE LOR for debits and credits.

ACE = Assets, Cash (I can never remember C), Expenses = Debits on the left

LOR = Liabilities, Owner's Equity, Revenue = Credits on the right

 

[eheath]

A = L(liabilities) + O(owners equity) + R(revenue) - E(expenses)

If you don't know cash is an asset then you might need to retake.

 

[RRhighrider]

That acronym is used for t-accounts. This is used to know what side of a t-account a transaction goes on. Basic accounting classes are really easy.