In quite a dileema here, my decision may permanently affect my future majors.

College Majors Business Major
1

<p>I'm currently a freshman at SFSU majoring in accounting.
Now I don't really have a solid reason for picking it aside from the fact it sounded good when I filled out my application(heh) and the high and consistent pay.
I'm taking five classes:Micro Econ, Communications, Freshmen Composition, Calculus, and Financial Accounting.<br>
Now I'm having a lot of trouble with the latter two.
-Calculus: I never payed attention to Precal, and thus my Trig sucks. I don't understand anything that's going on because I never payed attention to the lectures before and I fear that even if I seek out tutoring or help from my friends, I may still have trouble.
-Accounting:The homework can be pretty hefty but the concept and numbers aren't all THAT hard to understand, but despite that, I still got a D on my first midterm because I didn't understand how closing entries worked. </p>

<p>I'm planning on doing Credit/No Credit for one of them but I don't know which, and doing both seems a bit drastic. But here's the thing:
-If I do it for Accounting, I won't be able to major in Accounting because the department requires at least a letter grade of C or higher. And not only that, but the highest I'll in the class is a flat B now due to my midterm, so my grade is pretty much set in stone.
-As for Calculus, I had my midterm and received a 46/50 only because I cheated by copying answers from last year's midterm which happened to be the same, and I'm definitely not proud of it. But if I start now, I'll still have a stab at getting an A as long as I'm willing to seek out help from tutors and friends who've taken it before/are taking it now. </p>

<p>I feel I'm 'safer' if I CR/NR for accounting because I have the resources to help me with Calc, where as Accounting I'll have to tackle by myself and even so I'll get no higher than a B. But I'm also afraid of deciding on a major, then changing my mind and having to retake Financial Accounting just so I can't major in it. </p>

<p>Accounting really isn't my cup of tea but I don't know how much I'll enjoy doing other business majors or if their pay is good enough. Int. Business sounds appealing but will I struggle to find a job? Finance sounds profitable but will I struggle with it as much as I do with accounting? </p>

<p>What do you guys think? I asking all these questions for two reasons: Like everyone, I want good enough grades to get into a good grad school. And the other being I want to transfer to another school(pref. SCU, USC, USF, or UCI) due to budget cuts and because of the fact that I feel the school doesn't have much to offer me.</p>

2

<p>“my decision may permanently affect my future majors.”</p>

<p>Yeah sure, get outta here, way to be a drama queen. Freshmen…</p>

3

<p>Majoring in accounting just because it pays well is a poor reason. You have to realize that if you major in accounting, that will be your occupation for your adult life. Transfer into a different major, because if you are struggling in Calc and FA you are surely going to struggle in the higher level accounting courses.</p>

4

<p>You should definitely keep your calculus class. It does involve trig, but that’s not that hard to learn. Besides, I’m sure loads of people get through calculus without actually understanding the trig, but rather they just memorize things. I just finished calculus (I-III) last semester, and I received a B- in all of the classes, but I never took precal. I surely could’ve put more time into the class, though. The fact is that I was probably in the same standing as you were at the start of the calculus course.</p>

<p>Putting both together, do you think that you’re not putting enough time into your academics in general? I’m not accusing you of anything, but I sure didn’t put the proper amount of time into my schoolwork when I was a freshman. HAH, I still don’t :)</p>

5

<p>Closing entries.</p>

<p>The point of closing entries is to CLOSE the TEMPORARY accounts.</p>

<p>What are the temporary accounts? All revenue accounts, all expense accounts, and all dividends.</p>

<p>The accounts you don’t close are all asset accounts, all liability accounts, and all Stockholders’ equity accounts.</p>

<p>Transfer net income/loss and dividends to Retained Earnings.</p>

<p>Your objective is to have a zero balance in each temporary account.</p>

<p>On the journal for example when you close expenses accounts this is how it’d look…</p>

<p>Income Summary - Debit
Salaries Expense - Credit
Advertising Supplies Expense - Credit
…list all expense accounts with their balances as credits</p>

<p>and all of the expense accounts totaled will you give the balance to debit to income summary.</p>

<p>If you want to succeed in accounting, don’t give up.</p>