<p>I am taking Principles of Accounting 2 this fall. I took Principles of Accounting 1 in 2000. I remember absolutely nothing from it, and I got a C (was young and stupid and didn't try)</p>
<p>How much "brushing up" do I need to do? Or will it mostly be common sense to me now?</p>
<p>FWIW I was pursuing an engineering degree the past couple years and got As in Cal and other advanced classes</p>
<p>They are two very different subjects (usually divided up as managerial and financial accounting). They use similar foundations but are applied to very different situations. I’ll be honest and say you’ll need to do more work obviously to do well. </p>
<p>And you talk about how you did well in eng classes but aren’t doIng very well in your accounting class. This is because two very different mindsets are used to do well. Success in one does not mean success in the other.</p>
<p>I found calculus to be extremely more enjoyable than accounting 1. As a matter of fact, I still do.</p>
<p>Still, you’ll have to put plenty of time into accounting because, just like the previous poster said, it takes a completely different mindset to do well in accounting vs. the quantitative courses</p>
<p>My question was more specifically about the knowledge gap between acc 1 and 2. WIll I be ok going into acc 2 with little to no knowledge of basic acc principles? Should I get a book and brush up beforehand?</p>
<p>I mean…if you’re really that nervous I am sure the first few chapters of your textbook will be used as a refresher. Read that.</p>
<p>Divided<em>by</em>Zero,</p>
<p>For the Principles of Accounting 2 you just have to review basic journal entries, and know the structure of the balance sheet. In the principles of accounting 2 you will cover topics like bonds, stocks, cash flow, etc; you don’t have to review LIFO, FIFO, bank reconciliations because you won’t cover those topics. However, if you take the intermediate accounting, then you have to certainly review both principles of accounting, 1 and 2.</p>
<p>Thanks</p>
<p>I basically wanted to know if this would be the equivalent of taking Cal 2 without taking cal 1 first</p>