What's up - just starting out


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Wanted to say hi to the community as I just started my accounting course a couple days ago. I'm currently learning the basics of financial statements - mainly looking at the balance sheet, journal entries & DR/CR ledger.

I am a couple days in and I think I'm doing fair so far. I took the liberty to peek a little further into the curriculum & I'm trying to learn more about P&L statements & statement of cash flows, just to get a nice head start.

I understand that financial statements are just the tip of the iceberg, but my accounting teacher said after the first few months it'll get easier.

What else do I need to look out for while I take this course? Apparently auditing is a hard aspect in the course, any feedback?
 
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Steve-LevelUp

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There are many varying challenges regarding accounting, and in and of itself, many varying aspects that you can go in to. Auditing is one aspect. Personally, I am an internal operational controller. I am ill-equipped to be an effective external auditor without extensive re-training. Additionally, I know external auditors that have no idea how to strategically operate a receivables department.

So, for now, just learn about the nuts and bolts of accounting, and enjoy.
 

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