Accounting 101

[IsleSea]

Studying for Level I in December 2009 and have only taken one intro accounting course.
Anyone have suggestions for good intro accounting sources: Schweser Audio CD, Notes, Intro Textbook, or a good “free” on-line source.
Thanks.

 

[nicob]

just do 1 chapter at a time. i’d never really touched accounting before and didn’t enjoy it either. but i recommend, when you do it, do it properly the first time even if it feels like its taking a long time.
in the cfa FSA cirriculum, 1 chapter pretty much follows the others and they all relate in a brain destroying way. just go front to back. do it properly. you get my drift. you’ll regret otherwise

 

[DanLieb]

I took L1 December last year with >70 in accounting. Prior to studying, I didn’t know what accural vs cash accounting was! (Zero accounting classes.)
Stalla worked for me. (Enhanced system)

 

[slorte]

“but i recommend, when you do it, do it properly the first time even if it feels like its taking a long time.”
true words my friend. and it WILL take a long time.
Do every problem before you move on.
if you get stuck/frustrated/bored with SS9 (and you will). mix it up with some SS10.

 

[wankerbanker]

yeh CFI has a bunch of free accounting courses you can take. there are tons of youtube videos too, but they are more hit and miss. at least with CFI it’s super professional go to the accounting section: http://courses.corporatefinanceinstitute.com/collections/accounting

 

[Coastie]

lol
I’d hope they’ve figured it out by now…