accounting and finance degree adviceWatch
I have my undergraduate degree, (Bachelors of Science) in accounting. I think one thing I wish I had been told was NOT to fall behind on any exercise/practice sheet components of the course. Accounting, in particular, is VERY unforgiving when you fall behind, and if this is your first experience learning Accounting, it is very important to stay current (and to the extent you can, I would highly suggest trying to get a bit ahead on weekends, too.), not just with the readings, but with actual practice on the balance sheets, working papers-some of which will seem tedious, but if you can stay current, it will really help. Financial accounting will include some basics on finance,calculating compounding interests, and achieving a good understanding of those concepts, from the outset, will be critical when it comes time to get into specific study of corporation finance and investments later on. As a point of over emphasis, early mastery of the practice papers, knowing how to track assets, liabilities, owners equity, revenues, and expense (known as ALORE) is essential, and if you master those early concepts, literally, while a student, you could perhaps work in book-keeping part, time, in a hotel, for example-this area is a core foundation.
I'm going to give you two recommendations, both are "old school"-but I found them both highly useful. (and best of all, they have nothing to do with accounting per se-so they will be a welcome divergence), but do have much to do with aspects of general business (and in the case of the second book, finance, too.)
1)The Art of War-Sun Tzu-which is seen as a critical book in business, management, finance, and other circles(and is still used by some military systems around the world in terms of strategy and being required reading.)
2)The E-Myth - Michael Gerber:
Anyone who has studied Accounting and Finance or is in their second year, have any advice for a first year?Any useful books I should read before going to uni or any advice about things to look out for would be very useful and much appreciated ))
If you do any reading in these remaining 3-4 weeks, please do so without putting any pressure on yourself to understand and grasp everything you are reading. Rather, read it to expose yourself to a new way of thinking in terms of concepts and framework, read -especially if its the actual textbook you'll be using in the uni-reading that to expose yourself to the material in advance, so that as the teacher is going through it in lectures, that little light of "ah, now I see"-will come on. I've known of people, who did their international bachelors for secondary school, in accounting, only to arrive at uni, and within the first 6-8 weeks, shot past all they had learned in 3-4 years. BUT-you will be in a different position, you will be exposing yourself to materials that are the actual component of the course-in advance. Again, you don't have to get everything or understand it-no pressure, no expectations, just do the reading, approach it with that casual approach, and I promise you, it will be putting you ahead of the game.