Crap, I'm so screwed in this class

[UNCjigga]

Dammit I am so screwed in accounting. The problem isn't that I haven't studied or practiced or sought help. The problem is I just don't get it. We've got this matching principle that says we only recognize revenue when we've performed the service or sold the asset and other party has taken delivery, but then there are so many holes and exceptions to the theory. Then I can never do these damned journal entries...journal entries, journal entries, and adjusting entries on top of them!!! First I can never remember the names of the accounts, then I always forget whether its contra-asset or expense (shareholder's equity) and capitalizing sh*t just makes it worse 🙁

My head hurts, I already had a final today (finance) and now I just wanna go to sleep. Final's at 4pm tomorrow. I am sooo screwed...

 

[FoBoT]

you have a final on sunday?

 

[ToeStub]

Basic accounting is all about doing everything step by step. If you skip a step you are fuxored.

 

[KLin]

:music:
Oh, I debits all duh mornin'
An' I credits all duh eb'nin
Until dem ledgers be right
:music:

 

[amol]

Originally posted by: FoBoT
you have a final on sunday?

crap, you beat me to it!!

 

[UNCjigga]

Had a final today, have one on Sunday, have on on Monday and I have my last one Tuesday. Hell Week hath been redefined...since this hell week DIDN'T EVEN HAVE A FVCKING WEEKEND!!! :|

 

[eakers]

wow and i thought my saturday night final was bad.

 

[Riceball]

I just had my accouting final too. Probably going to end up with a C in that class *sigh*. If it is any consolation, managerial accouting isn't as convoluted as fiancial accounting.

 

[nageov3t]

shoulda dropped the class 4 months ago 🙂

 

[UNCjigga]

Originally posted by: loki8481
shoulda dropped the class 4 months ago 🙂

😕

Four months ago I wasn't even in school! We started September 27th.

edit: Oh yeah...this is a core class too, required in order to get my degree. All my classes this quarter are required (business school--finance, accounting, statistics and strategy/microeconomics.)

 

[AccruedExpenditure]

Originally posted by: Jigga

Originally posted by: loki8481
shoulda dropped the class 4 months ago 🙂

😕

Four months ago I wasn't even in school! We started September 27th.

edit: Oh yeah...this is a core class too, required in order to get my degree. All my classes this quarter are required (business school--finance, accounting, statistics and strategy/microeconomics.)

What? Accounting isn't fun and easy for you!?!?