<p>Gonna take intermediate accounting I next quarter and I heard its the weed out class for accounting majors. I heard its one of the tougher courses. Can anyone that has taken it give me some advice on how to or what to prepare for?</p>
<p>dont fall behind. the course moves very fast. I was out for two classes this week due to eye surgery, and I feel like I’m weeks behind.</p>
<p>What topics of accounting are you learning about?</p>
<p>We just finished doing cash, cash equivalents, and receivables. This past week has been inventory valuation (FIFO, LIFO, etc). The topics are pretty much the same as in your introductory financial accounting class, but just so much more incredibly in depth.</p>
<p>any more advice?</p>
<p>bump…</p>
<p>Read the book before class. Keep reading until you understand the material well enough to understand the logic behind the logical stuff. Then you only have to remember the illogical stuff.</p>
<p>Accounting for equity (and dividends, and earnings per share) and for ownership in other entities were the parts I found trickiest. They were the things I had no personal experience with, and the cutoffs seemed pretty arbitrary. Oh, and dollar-value LIFO. <em>shudder</em></p>
<p>oh come on! dollar value LIFO is fun!</p>