subject: Accounting Homework Help [print this page] Accounting Homework Help Accounting Homework Help
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in selecting the information that is relevant to the user and is reliable.
Accountancy is a branch of mathematical science that is useful in discovering the causes of success and failure in business. The principles of accountancy are applied to business entities in three divisions of practical art, named accounting, bookkeeping, and auditing.
The earliest accounting records were found amongst the ruins of ancient Babylon, Assyria and Sumeria, which date back more than 7,000 years. The people of that time relied on primitive accounting methods to record the growth of crops and herds. Because there is a natural season to farming and herding, it is easy to count and determine if a surplus had been gained after the crops had been harvested or the young animals weaned.
As this accountancy have a rich background most of the students fails it to understand properly and find difficulty in shoveling the accounts problems. For such students they need extra help to make them understand so they have to take the help from either from the parents or the internet.
If want to learn the accountancy then follow some of this rules
Move to your classroom a few minutes early. Choose a seat where you can comfort and be heard. Don't be afraid to ask or respond to questions. Try to overcome your shyness doubt. Commit yourself to ask or answer questions in class. Remember someone else in the class is probably wondering about the same thing.
You need to understand both the reasons and the mechanic of financial accounting. Memorizing information will hurt you later on in the course.
A recent study indicated that you will remember 10% to 15% of what was said in class. However, if you write it down, your retention rate increases to 85%. Note taking is essential to learning accounting. You must learn to take notes efficiently, accurately, and quickly so you will not jeopardize your ability to listen effectively.
Exchange telephone numbers or email id with at least two classmates. Make arrangements to study with these friends on a regular basis (group studies). Working in groups has benefits. These benefits include increasing your knowledge of accounting and improving your critical thinking and communication skills. If you are able to explain and demonstrate (verbalize) the learning objective to other group members, then you really understand the concepts. Don't be afraid to change study groups if you are unhappy with your original group. Finally, don't allow you study group turn into a gossip group, stick to your accounting.
Last but definitely not the least, prepare resources that what you need to study financial accounting.
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