11.27.2009

accounting 101

Only 21 more months of grad school left!  I've finished my first two classes and now am enrolled in my three week-long pass/fail prerequisite accounting course.  I have to pass this course in order to move on to Advanced Managerial Accounting, which I hardly feel qualified for, even with a prereq under my belt.  I was a Political Science and History major, for goodness sake!  I met the math requirement in college by taking the very most basic math course available (which was a joke -- the prof taught us how to decode zip codes, which is hardly useful information).  I haven't thought this much about math since senior year in Mrs. Harris's class!

The downside is obviously that I've never taken anything similar to accounting.  Prior to this first class, I was a tiny bit stressed out, because I couldn't comprehend debits and credits.  To me, debits mean to subtract, and credits mean to add.  Not in accounting!  In accounting, debits are on the left and credits are on the right, and they can both mean to add or subtract, depending on the transaction.  I stressed out for hours over this one little fact I couldn't comprehend, but luckily, the instructor explained everything.  Debits and credits still seem illogical, so I guess I'm just going to have to accept it and move on.

The plus side is that now I feel like I'm in a real graduate course.  I felt like these last two classes were a waste of my time.  I don't need class time to work on my homework, thank you very much.  I'll sit at home and do it on my own time.  So even though I've moved on to the tougher phase, at least I feel like I'm starting to get our money's worth.

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