After reflecting on what you have learned and how you have benefited by taking A
ID: 2388550 • Letter: A
Question
After reflecting on what you have learned and how you have benefited by taking AC300 Intermediate Accounting I, write a minimum one page response to the questions below. Make sure to address the critical elements so you will be successful in completing this assignment.Please answer the following questions in your paper:
1.Reflect and describe which key concepts and topics in this course have made you a stronger candidate to enter the business world.
2.Discuss how this course has affected you in your professional development as a student and as a person as well as encouraging you on your academic path.
Explanation / Answer
I feel that the key concepts and topics that I learned in this course will help me in the business and career field that I am going into, by having better knowledge of the procedures involved in Accounting. I feel that learning the present value and future values will be a big help when I become an accountant. I liked learning the steps of the worksheet and combining it all together and figuring out the balances and where they go on each financial statement. Learning the Income Statement, Balance Sheet, Statement of Owner's Equity, and the Statement of Cash Flows, was the highlight to me. I loved knowing the procedures for these financial statements and learning how they all compliment each other Learning about the IFRS and the GAAP standards was a big help. Since I want to do international accounting, learning the differences between the two standards and what each one represents was a great learning tool for me. I have had some difficulties with figuring out the word problems that we have had in the course. But, since then I have researched and reread the chapters to get a better understanding of what the process is and how they come out with the amounts they have. The course has helped me professionally and personally, by teaching me a more advanced level accounting that I need to learn in order to become a CPA. I need to learn every aspect of accounting and all the procedures, rules, and laws that surround this career field. The class has been a difficult class for me. I have to remember to stay focused, organized, and on task. Taking this class has made me realize that the more involved I get in accounting, the more complicated the steps become. Taking this class, along with the others that I have taken, and will be taking, will only enhance my knowledge of accounting and help me achieve my goals. I'm glad that I took this course and made it through the course. I am looking forward to taking Intermediate Accounting II in the near future. The course has brought me one step closer to graduating with my Bachelor's in Accounting.