accounting major - questions

richie021501
Mon, 05 Jan 2009 14:39:14 +0000

Hey guys, well I’m an accounting major right now and, at my school, as in most (or all) other schools, I have to take 2 intermediate accounting classes as part of the requirements for the major. I have already finished 2 introductory accounting classes (principles of accounting 1 and 2) which were the prerequisites, so I’m planning on taking intermediate accounting 1 next semester

The problem is that I have heard that it is a very difficult class and 10 times harder then the introductory accounting classes, which makes me a little bit nervous. Now, I got A’s in both principles of accounting classes, and feel that I know the material from those classes very well. I read through each chapter in the book (even the ones that weren’t assigned) and took notes on them on my computer.

I have heard that one of the reasons most people fail in intermediate accounting classes is because they come in to them unprepared and without a good grasp on the concepts discussed in the introductory accounting courses. I don’t think that will be a problem for me, but I’m unsure. I know that, to succeed in accounting, you can’t just memorize formulas, but must understand the concepts behind them as well. I feel like I understand the concepts very well, but who knows? I’m afraid that I’ll get into the class and realize that I don’t know the material as well as I thought. Or, I won’t be able to understand some of the new stuff discussed.

Basically I’m wondering, for those of you who have taken intermediate accounting classes before, am I worrying for nothing? Are they as difficult as people say?

Also, does intermediate accounting just expand on the stuff discussed in the introductory courses (for example, methods of depreciation not discussed in the introductory courses) or does it introduce a lot of new concepts?

I know all this will depend on the school and the professor, but I’m just asking for your personal experiences. Please help in any way that you can, thanks