I'm doing year 11 accounting this year. Thats 14-15years old here. Is it hard?
2007-12-31 16:47:58 · 11 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics
Not really, as long as you understand the principles, and are good in algebra/geometry etc you'll do ok.
2007-12-31 16:50:06 · answer #1 · answered by ? 3 · 1⤊ 0⤋
Accounting has nothing to do with geometry.
Accounting math is not hard, you will be adding and subtracting values from account (assets, liabilities, owners equity). Accounting is a analytic process. Adding numbers is not the 'hardest' part of accounting. It's remembering the analytic process you went through to get the your numbers.
If you know your account rules (what account is debit for increase and which one is credit for increase) you should do fine. The math is just simple addition and subtraction. (for financial accounting) and some ratios and percentages.
The most important rule in accounting would have to be "What you do to one side, you do to the other"
Accounting is generalized in the equation Assets = Liabilities + Owners Equity
Sample question:
Journailize the following entries:
a). Bought $2000 of supplies on account from ABC, Co.
a-answer:
Debit: Supplies (increase in asset)
Credit: Accounts Payable (increase in liability)
b. Recieved an Invoice from ABC, Co. Paid off the balance.
Debit: Accounts Payable (decrease in liability)
Credit: Cash (decrease in asset)(Paid with cash, you have less cash)
2008-01-01 00:58:04 · answer #2 · answered by roOt 3 · 7⤊ 2⤋
It's fairly easy if your good at arithmetic, just don't become dependant on formulae, actually understand how and why they work.
2008-01-01 00:51:27 · answer #3 · answered by Anonymous · 3⤊ 0⤋
It is not very hard. You don't even have to be that great at math. Try it and see if you like it.
2008-01-01 00:51:04 · answer #4 · answered by the Boss 7 · 0⤊ 0⤋
omg!!! so am i! im scared about doing it as well It does involve some math butapparently its a pretty boring and easy subject
2008-01-01 00:51:01 · answer #5 · answered by Anonymous · 1⤊ 0⤋
no not at all, its just like keeping numbers right and adding and subtracting and making sure everything is in order.
so if your good at organization and numbers, which you say you are, you shouldn't have any trouble at all!!!
2008-01-01 00:51:00 · answer #6 · answered by Anonymous · 0⤊ 1⤋
yup...but its the good years latter that matters...good career and a strong path to riches.
2008-01-01 00:50:58 · answer #7 · answered by kelvinn 2 · 0⤊ 0⤋
it depends on who you are. accounting isnt all math but if ur good at numbers im sure u will be fine. it really involves being organized and systematic. if you are naturally an organized person in your work and you are the kind of person who thinks systematically then you should be good.
2008-01-01 00:50:50 · answer #8 · answered by mo. 2 · 1⤊ 0⤋
Accounting is easy as pie, but it gets monotonous sometimes.
2008-01-01 00:50:47 · answer #9 · answered by מימי 6 · 0⤊ 0⤋
most likely not. if ur good with number than you can do accounting really easy.
2008-01-01 00:50:34 · answer #10 · answered by Cole L 2 · 0⤊ 0⤋
nah, i think if you're good in maths, you won't have problems. ^^
I'm good in math and i ace in accounting.
Basically, the format and all for accounting is usually the same. Just have to pay attention and have your foundation strong.
2008-01-01 00:50:26 · answer #11 · answered by hard b 2 · 0⤊ 0⤋