Accounting
How to study accounting
Accounting is a system of rules with a logic behind it. Once you understand why every entry has two sides and where each account belongs, most rules stop being things to memorise. The rest is practice with numbers.
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Why it is hard to learn
- Many terms and account types
- Rules for where each entry goes
- Statements that connect to each other
- Exams with calculations and entries to make
A study plan that works
Understand the logic
Upload the lecture or the chapter and read Memo's notes for why each rule exists, not only what it says.
Learn the terms
Flashcards for each term and account type, with an example.
See how the statements connect
The mind map shows how the statements and accounts link together.
Practise entries
Work through your exercises, then take the quiz on the note to check the theory behind them.
The study modes that fit best
Flashcards
For terms, account types and rules.
Quiz
For checking the theory quickly.
Mind map
For how the statements connect.
Notes
For the logic behind the rules.
Questions
Is accounting more memorising or more practice?
Both. Learn the terms and rules with flashcards, but the entries and calculations only come with practice on exercises.
Try it on your own material.
Upload a lecture, a PDF or your slides and get notes, flashcards and a quiz in a few minutes.
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