pp4me wrote: ↑Fri Feb 19, 2021 3:17 pm
vnatale wrote: ↑Fri Feb 19, 2021 3:08 pm
pp4me wrote: ↑Fri Feb 19, 2021 2:18 pm
Fair enough. I took one course in accounting when I went to technical school for "Business Data Processing". I aced it because to me it was all straightforward math and logic. Didn't run into any of the nuanced stuff you were talking about that I really had to think about. Presumably that would have come later if I was getting a degree in accounting.
It really did not ever come up while getting my undergraduate degree in accounting. It definitely came up when getting my graduate degree in accounting as that was all about questioning how things should be accounted for. And, finally, it again comes up in actually doing accounting for an organization.
I was actually impressed with accounting at the time because it was all based on pure and simple rules that you could learn and follow and be a good accountant and make decent money.
Like they had to do landing a man on the moon using slide rules.
I don't know if the teacher gave passing grades for wrong answers or not.
When it came to the intermediate courses it was a lot like learning a foreign language. A lot of memorization. If these are the circumstances this is what you do.
I had a lot of frustration with those courses but I was actually doing accounting at the same time as the volunteer treasurer of a food coop so I knew that I did like real life accounting and persisted in getting my degree.
I'm assuming that your one accounting course was financial accounting? These are the entries you make for these circumstances, leading to creating financial statements?
I did not teach that course, which is less interesting accounting.
I taught two sections of managerial accounting, which was doing accounting for managing a business or organization, not for reporting to the outside world. That was far more interesting and useful.
Therefore there was a process to getting to a final answer. Could be 3, 5, or 10 steps to getting the final answer. If you made a silly mistake on the first step but got all the rest of the steps correct that would be telling me you did know the material but just made an initial error. It took a lot of time on my part to follow through the rest of the steps to make sure that they were correct based upon the wrong initial step. A lot more difficult than just seeing a final wrong answer and giving no points at all.
Financial accounting was a lot more black and white. Generally there would not be given any partial credit given for much more simple questions.