First of all, What is Accounting. There are so many definitions of Accounting however I prefer this one, Accounting is a process of recording, measuring, interpreting and communicating financial data. Furthermore, it is also called as the "Language of Business" because it is often hear in most business conversation.
Why do we have to study Accounting?
Considering that I'm also an Accounting student, I picked this as a major because at first I think this could take me to greatness but then I realized accounting is fun if you learn to love and know how important it is in our daily lives. In this century were we are living in an era of accountability. Moreover we are obliged to pay our taxes, house rentals, tuition fees, even water and light bills and a lot more. We forgot that all of this payable things involves in accounting. Therefore, we people, accountants or not, accounting students or not should study accounting. This could help us adjust our daily expenses.This does not mean that you should study all fields accounting, just the basic one. Basically, people says accounting is more on numbers and formulas like Mathematics. I find it exaggerated because those words are perfectly wrong. Yes, accounting has numbers and a little bit formulas but those formulas cannot be form without analyzing. Basically, analyzing and interpreting transactions are the main coarse in studying accounting. If you learn to love accounting you'll know how money runs in this era.
Misconception of accounting.
Usually, when people hear about accounting the first thing that comes in their minds that it is for business only but then they failed to realize that accounting is not only for business. Even some prestigious professions now a days needs a working knowledge of accounting in pursuance to the practice of their profession. Everyone practices in one form or another everyday. Wherever we go and everything we do that involves decision making, accounting is present. The misconception also that accounting requires Mathematics but the truth is accounting requires Arithmetic not Mathematics.
What are some requisites in studying accounting?
To make studying accounting lightens your burden, there are some essential requisites. First, is your analytic ability. The ability to analyze transaction and situational problems. As for me, when I was a beginner I couldn't recognized how accounts to be debited or credited but then I learn the theories of
What you received. and
What you give in return. Enhancing your analytical ability is one way to lessen your burden in studying accounting.Their are also some people that are late bloomers, who knows if you try study accounting you'll realized that this major suits you.
Second, is the what we call "mathematics issue" that can lead to fallacy and discourage young people to choose this as their major. As what I said on the misconception of accounting. Accounting requires
Arithmetic not
Mathematics. If you know how the process of addition,subtraction,division and multiplication then GO AHEAD STUDY ACCOUNTING!.
Second to the last, is the "psychological factor" students believe that if they choose this as a major they can't survive and was intimidate because they believe that this subject is very difficult. Remember,
"When one thinks he cannot, nothings happen" is different from
"Yes, Ican!" so try and try, if you fail then re enroll again. :)
"QUALITY EDUCATION TAKES TIME". :)
Lastly, this is based on my Professor that you should change your study habit. Spend more time on your studies. But honestly I
change my study habit a little before I studied only before the quiz and exams but then our professor teaches us to read one chapter a day and that keeps me from difficulties.
hahahahha!!!
"Accounting is fun!" as to people who likes challenges. As for me it's fun and not, 75% and 25% respectively. It's fun because I learn how to love accounting and realized how interesting it is. I appreciate the importance of accounting that it is not just for business but also for our daily lives. The fact that college days are more difficult than high school days. I too is having a lot of pressure to the extent that I even dreamt about my accounting subjects. If you keep it in your mind that accounting is fun, it will encourage you to have an interest on it. As we all know "Fun things are interesting" .