I am taking an accounting class this quarter at UCSC. It made me realize one thing within the first 40 minutes of the class — ACCOUNTING SUCKS.
Jesus Christ… accounting is possibly the single most boring class I have ever taken in my life (maybe Algebra Trig in high school too… but that was because the teacher was boring; and I hated math). The instructor tried to make the class fun by staying lively and throwing a few lame jokes from time to time. And by repeating the same information over and over again (“Assets = Liabilities + Owner’s Equity” ), some things actually stuck to my head… But my goodness, I thought I was going to die from mental dehydration sitting in that class (a full house)…. And the fact that I was still recovering from food poisoning probably didn’t help either.
We went through the entire exercise of using T-Accounts to figure out the proper way of “crediting” and “debiting” (and it’s not the same as debit/credit cards!), generate general journal entries, posting journal entries to general ledger, then do a trial balance, and finally generate the four financial statements (income statement, statement of retained earnings, balance sheet and finally statement of cash flow).
I don’t know how I am going to survive the next nine classes (at 4 hours each). But I have a feeling merely having enough sleep prior to the class isn’t going to do the trick… And oh, she has three fricking exams! Argh…