Blitz your accounting studies with these tips
Knowing how to study for accounting is much more than just re-reading notes and trying to make sense of textbook jargon.
You need to have a number of procedures in place to do the math without going number crazy – and we have just the solution.
Accounting courses like the Diploma of Accounting FNS50215 are delivered in a specific sequence – you need to be able to understand the material covered in the early stages to be able to progress efficiently and solve problems covered later in the course. If there are elements you’re unsure of, go back and review your units until you have a firm understanding of the material and its associated equations.
Be active in your participation by keeping in touch with both your course provider and fellow students. By engaging in group discussions and reviewing units of study with others, you begin to gain a thorough understanding of the course material. When you’re stuck, it can help to have elements explained by other people.
Avoid memorising your material
As tempting as it is to remember your material word-for-word, memorising will do you no good when it comes to undertaking study for accounting. Learn your accounting vocabulary and learn the technicalities behind why a problem is solved in a particular way and work problems to understand how.
Instead of memorising, try being able to explain every new topic in your own words – accounting is a technical, logical subject that requires sound reasoning. There’s no room for creativity.
Look for patterns
When studying the principles of accounting, you need to look for patterns in the way certain problems are solved. Create a numbered list for working through specific sets of problems, and test yourself with more than just the material you’re provided with during your course.
Use your resources
Finally, be sure to use all resources at your disposal to ensure you develop a thorough understanding of the accounting world. With Foundation Education, you have access to a dynamic eCampus, comprised of interactive learning resources and friendly online student support.