How to Survive Intermediate Accounting

 

Blogger: Tim Ellis

For this post, I just want to quickly touch on something that is relevant to every accounting student:  Intermediate Accounting.  There is no getting around the fact that to receive your undergraduate degree, you must complete two semesters of the subject.  The course is considered the “capstone” of an accounting bachelor’s degree.  In addition, there are unfortunately very few public accounting firms that will hire you if you do not have a good grade in your intermediate courses.  As a teaching assistant for an intermediate accounting professor, I just want to give a few tips that may help you out when you are taking this difficult subject.

The best way to set yourself up for success in intermediate is to keep a positive attitude and realize that the course is difficult and very time-consuming.  You should take this as a challenge. If accounting classes were easy, more people would be getting a degree in the discipline.  As basic as it sounds, just going to class is obviously very important.  This is not the class to blow off and then only show up on test day.  Try your best to keep up with the material, falling behind can be very stressful and will make it more difficult for you to succeed.  Doing all the required homework is a must, this class can lull you into a false sense of security, but you have to get the mechanical repetition of the problems down.  I know from experience that many students underestimate how difficult this class really can be.  By doing all the homework, you will increase your confidence by a good amount when it’s test time.

Intermediate accounting also introduces quite a few conceptual ideas that can be quite confusing.  One way to overcome this is to try to look at the big picture and to come up with some of your own real-world scenarios that apply these concepts.  Also, don’t worry if there are rules that don’t make any sense to you. Those could just be the result of special interest legislation, but don’t read too much into them.  Finally, if you are having trouble, use the resources that you have, such as your teacher and tutoring center.  If you are committed to excelling in the course, there is nothing to stop you from achieving your goals.

About txcpa2b

The Texas Society of Certified Public Accountants (TSCPA) is a nonprofit, voluntary, professional organization representing Texas CPAs. TSCPA has 20 local chapters statewide and has 27,000 members. The Society is committed to serving the public interest with programs that advance the highest standards of ethics and practice within the CPA profession. TXCPA2B is a blog written by Texas students in pursuit of the CPA certificate. The views expressed here are those of the authors and not necessarily held by TSCPA or our members.
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