I Hate Accounting!

Search the phrase “I Hate Accounting…” on Titter and you receive over 1,000 recent tweets from frustrated students struggling to learn the most dreaded course in a business curriculum. I taught accounting for many years and remember the fear from new students and their pained expressions during the lecture. I knew their pain because I had struggled with accounting also.

I tried my best to make my lectures lively and relevant to current business topics. However, all I had to work with was blackboards, overheads and, of course, the bulky textbooks. There had to be an easier way to learn accounting, particularly since it is so important in the business world. Accounting is the language of business. I use accounting just about every day, even though I practice corporate law and the professionals that I interact with, whether they be in marketing, sales or finance, need to know accounting also.

That is why I developed AccountingWhizKid to help drill in the main concepts of accounting such as the fundamental accounting equation and double entry bookkeeping. I found that most texts made the topic too confusing with their presentation. Rather than focus on the fundamentals, the texts intimidated students right away with too much information, tiny balance sheets that filled up the entire page.

I found that accounting was much easier to learn if you have a good understanding of the basics. Even though I received an MBA and passed the CPA exam, I never really understood the basics but learned by “brute force.”

I want to present the basics so you don’t have to go through as much grief as I did in learning accounting. I used to hate accounting, but want to make sure that you don’t.

Accounting Doesn’t Have to be So Hard to Learn

Accounting is just too important to make it so hard to learn. Accounting is the “language of business” and understanding accounting is critical for business as well as small business owners.

However, this critical knowledge is often buried in bulky textbooks that, in my opinion, intimidate more than teach.

To say that I struggled with accounting is an understatement. I nearly flunked my first accounting test and I was forced to learn accounting by “brute force,” reading and re-reading text I couldn’t understand, struggling to complete problems and cramming for examinations. It was a miserable experience and even though I received my MBA and passed the CPA exam, I still didn’t feel that comfortable with accounting. It was only after I began teaching it at a college level that the critical accounting fundamentals finally sunk in.

I wondered why they didn’t teach these critical fundamentals in the first place, and by teach them I mean really teach them, illustrate the basic principles, rather touch on them and assume that everyone understood them. The bulky texts, with page long jumbles of numbers, made accounting harder than it really was. As a liberal arts major who didn’t like numbers, accounting was quite foreign to me and the double entry bookkeeping seemed counter intuitive. I had so much trouble getting debits and credits straight. Why do you debit an asset account for an increase when a debit from your bank decreases your balance? Okay, if debits increase your assets, why do you then credit revenue?

It only really made sense to me when I started teaching. I remember that the first class I taught was at night and most of the students seemed in so much pain. One or two students caught on quickly, but the others seemed always lost. There had to be an easier way… and that easier way was visual learning.

According to noted college education expert Dr. Richard Felder, people can be divided into visual and verbal learners. Visual learners remember best what they see, pictures diagrams, flowcharts and verbal learners get more out of words – written and spoken explanations. Everyone learns more when information is presented both visually and verbally. But in most college classes, very little visual information is presented. Learn more at: www4.ncsu.edu Learning Styles and Strategies

Enter the Accounting Whiz Kid, that bright student who encourages his classmates to learn with a friendly tone and effective visuals, which utilize real world examples and concise and useful illustrations. It doesn’t take a thousand pages of text to learn accounting, just someone knowledgeable to present its fundamentals both visually and verbally in an easy to follow, easy to learn educational format.

Give it a try and good luck! As I said earlier, accounting is just too important to learn to keep it buried in textbooks.