Study Tip

Learning the Key Concepts

1. Keep up daily. Each assignment in accounting builds on previous assignments. If you do not understand Chapter 1, you will have difficulty in Chapter 2 and may be lost in Chapter 3. As you are reading, jot down points of confusion. Ask these questions in class if they are not clarified.

2. Focus on understanding "why".

a. This is a technical subject with its own set of rules; however, once you learn the basic rules, accounting is internally logical.

b. Strive to understand why items are handled in a certain way. If you can understand why, there is very little to memorize.

c. Be critical. Ask me to explain the reasons for accounting methods that you do not understand.

3. Work problems to understand "how"

a. You may be able to understand "why", but you must also be able to work problems to demonstrate your understanding.

b. Before beginning a problem, take a moment and determine how you will set-up the problem. Be neat and orderly and show all of your work. Developing an orderly methodology for solving problems will help you to organize your thoughts and make exam taking less stressful. Additionally, when partial credit is given, you are more likely to receive credit if your work is orderly and easy to follow.

c. I will often provide a list of "extra" problems. If you find that you are having trouble with a particular concept, work the related extra problems for additional practice.

d. Most accounting texts include demonstration problems, self tests and key terms at the end of each chapter. Insure that you are familiar with the key terms presented and use the other review material to help improve your understanding of the chapter contents.

Making the Best Use of Class Time

1. Be prepared before you come to class – read the assigned reading material and complete or at least attempt the homework.

2. Don't be afraid to ask questions. If you are uncomfortable asking...