Friday, April 24, 2020

Why am I a double major? - FR III Learning Experience


When I came into college, I was planning on majoring in accounting. Both of my parents are were accountants in their careers and witnessed the success in their careers. I believe that accounting is logical, but not exciting. I do not necessarily wake up every day and hope that I can do journal entries or solve an accounting problem. I ended up deciding to add a finance major to my education because I had room in my class schedule and I wanted to explore other areas of business that interested me.

I ended up pursuing finance internships throughout my TCU experience and will be pursuing finance after I graduate. However, I ended up keeping my accounting major. One of the upper-division accounting classes is Financial Reporting III. Financial Reporting III is the hardest course I have taken in my entire life. We are presented a difficult case regarding a company and have to find Accounting Standards Codification (ASC) that justifies the logic for applying certain accounting standards to the scenario.

Accounting code is incredibly difficult to understand and apply. I have spent around 20-30 hours a week on this class for the past 4 weeks. The workload is almost unbearable. The teacher is incredibly difficult and gives out quite harsh grades. However, I think that I have learned the most from the course and it has dramatically improved my critical thinking ability.

Unlike other courses, our grade is a result of our ability to apply information and not memorize information. Although I may never remember what ASC 842-10-25-2 says, I have learned to critically think about how businesses operate and how to properly apply accounting code. I believe that these critical thinking skills will play a pivotal role in the future of my career, even though my career is not headed in the accounting direction. I believe that the countless hours spent in this class have been worth it as I have been pushed academically, improved my writing, and refined my critical thinking skills.

2 comments:

  1. I appreciate this post about the numerous facets of accounting. I have considered adding an accounting double major to my finance major, so I definitely relate to this experience (albeit a couple of years behind). I also think it is kind of funny how accountants tend to run in families - your parents are not the first example I have heard about.

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  2. Wow- kudos to you for sticking through it! I've never been into math or science, and I just don't think my brain is wired that way. I'm glad that you've learned the most from the course- that's what it's all about! I hope you end the semester strong! :-)

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