Principles of Financial Accounting and Principles of Finance help!
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Principles of Financial Accounting and Principles of Finance help!
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02-03-2010, 09:51 AM
Hey Y'all!
I will be taking these tests in the weeks to come and was wondering which one I need to take first or does it matter? And also if anyone has any good book recomendations! Thanks for the help  ~kelsey
02-03-2010, 10:37 AM
Hello Kelsey.
I have only taken CLEP Financial Accounting and I used IC and the Barron's Business Review Series Accounting (can't remember what edition but it was a green book). I also used the Standard Deviants Accounting DVD. You can probably get all of the above from your local library. If you haven't already done so...sign up for an IC membership because there is a plethora of information on the Specific Exam Feedback Section. If you are unable to do that at this time...I would highly recommend now and in the future...that you utilize the SEARCH feature provided on this site. Click on Search and below you will type whatever you seek in the SEARCH FORUM box. I'm only mentioning this because I know others are going to view this post who may be new and need help in this matter. A lot of folks on here (and I'm guilty of it myself from time to time) ask questions and start posts/threads that have already been discussed and addressed in other posts/threads. Hope I was able to help you on this matter. I wish you well on your educational journey. Welcome again to InstantCert. From a loyal degree seeker,
Thomas Edison State University (TESU)
Enrolled in BA in Liberal Studies - 105/120 Completed Associate in Science, Excelsior College
02-03-2010, 11:08 AM
I would say take accounting first and then principles of finance. Lots of crossover material.
__________________
__________________ cate BS (UMUC) in 2010, 30+ years in the making!! Intro to Computing 63 Astronomy 63 Technical Writing 62 Principles of Mgt 71 Principles of Marketing 68 Substance Abuse 467 College Math 56 Principles of Finance 425 Principles of Statistics 458 Exams: ALL DONE!!!!!!!!!! GRADUATION--UMUC--MAY 15, 2010 (unbelievable)
02-03-2010, 12:57 PM
Accounting first, then Finance. Managerial Accounting before Finance, if you are taking that. If you are taking Economics and haven't yet they also build up to Finance.
Accounting: I used the REA book plus an intro textbook borrowed from the library for when I wanted a bit of extra coverage. Finance, I'm using an old edition of one of the texts recommended in the exam outline, the quizzes on the book's website, and Barron's Finance when I want to read it explained differently. IC a little bit. The IC feedback forum for both (and every other exam I have taken). Hope this helps. Phillip
CLEP Principles of Management 77
CLEP Intro to Sociology 74 CLEP Principles of Marketing 78 CLEP Information Systems and Computer Applications 75 CLEP Intro to Psychology 80 CLEP Intro Business Law 72 CLEP Principles of Macroeconomics 73 CLEP A & I Lit 75 CLEP Principles of Microeconomics 72 CLEP Financial Accounting 62 DSST Ethics in America 468 DSST MIS 482 CLEP Natural Science 72 DSST Org Behavior 80 DSST Finance 462
02-03-2010, 02:52 PM
MISin08 Wrote:Accounting first, then Finance. Managerial Accounting before Finance, if you are taking that. If you are taking Economics and haven't yet they also build up to Finance. Are you getting ready to take Finance? I hope to take it within a week. How is the studying going for you? I hate this one. I am using one of the recommended texts also and feel like it goes too deep. I am having a hard time deciding what to concentrate on even with the help of jadechow (my hero) and the feedback. I took acct 1 and 2 about 5 years ago, used to be in the mortgage business and do tax returns and it seems like all of that is not helping much. Geez all those blasted calculations and formulas....killin me!
__________________
__________________ cate BS (UMUC) in 2010, 30+ years in the making!! Intro to Computing 63 Astronomy 63 Technical Writing 62 Principles of Mgt 71 Principles of Marketing 68 Substance Abuse 467 College Math 56 Principles of Finance 425 Principles of Statistics 458 Exams: ALL DONE!!!!!!!!!! GRADUATION--UMUC--MAY 15, 2010 (unbelievable)
02-03-2010, 04:06 PM
I've only taken the new Financial Accounting exam. To study I would recommend The Accounting Game book and, of course, the IC cards for Financial Accounting.
Keep us posted, Kelsey!
-Andrew T.
[SIZE="1"] Finished: 120 credits! [BSBA Thomas Edison State College] See my degree plan here. [/SIZE] Now Available for Amazon Kindle: How to Test Out of Your First Year of College (And More)
02-03-2010, 08:29 PM
Thanks everybody for all the great info!!
categ--No I haven't started studying for this one yet. I am studying for Organizational Behavior right now and then I have to take English Comp. with Essay, but these won't take long to finish. After that I will plan to start on the Financial stuff. Sounds like Financial Accouting is the best test to start with. I hope that the test goes well for you next week. Let me know how it goes and any feedback you have! Levi~Will definitely keep you posted! Thank you for all your help along the way so far! Intro. to Business went fine. ~Kelsey
02-03-2010, 08:37 PM
If you need Managerial Accounting, I would forgo the CLEP and just do Straighterline Accounting 1 and 2. Otherwise, your plan sounds fine. Accounting first, then Finance.
[SIZE="1"]BS General Business, March 2010
CLEP College Algebra 51 CLEP Natural Sciences 63 CLEP Social Sciences and History 59 CLEP A&I Lit. 74 CLEP Intro to Sociology 67 CLEP Info Systems and Computer App. 58 CLEP Intro to Psychology 66 CLEP Intro to Business Law 64 CLEP Principles of Management 73 CLEP Principles of Marketing 63 CLEP Principles of Macroeconomics 61 CLEP Principles of Microeconomics 62 DSST Fundamentals of Counseling 49 DSST Principles of Supervision 61 DSST Substance Abuse 441 (Pass) DSST Business Law II 67 DSST Management Information Systems 436 DSST Principles of Statistics 466 DSST Principles of Finance 435 DSST Civil War and Reconstruction 57 DSST Criminal Justice 431 ECE English Comp C :mad: ECE World Population A ECE Ethics, Theory and Practice A ECE Organizational Behavior A ECE Human Resource Management B EC Business Policy B Straighterline Accounting I B Straighterline Accounting II B CSU Pueblo Ops Management A [/SIZE] JanusthePhoenix Wrote:If you need Managerial Accounting, I would forgo the CLEP and just do Straighterline Accounting 1 and 2. Otherwise, your plan sounds fine. Accounting first, then Finance.I do plan on taking Managerial Accounting but through TESC. I did not know there was a CLEP test for that one. I have heard others talk about Straighterline, but I don't really know what it is.
02-03-2010, 09:04 PM
categ Wrote:Are you getting ready to take Finance? I hope to take it within a week. How is the studying going for you? I hate this one. I am using one of the recommended texts also and feel like it goes too deep. I am having a hard time deciding what to concentrate on even with the help of jadechow (my hero) and the feedback. I took acct 1 and 2 about 5 years ago, used to be in the mortgage business and do tax returns and it seems like all of that is not helping much. Geez all those blasted calculations and formulas....killin me! I have never found so little to like about a study, even though I am learning a lot. I have been at this since Nov (not full time; I took ALEKS Stats during the same period) and it is only now starting to hang together for me. While I expect there will be some questions where formulas will be important, it seems really significant to me that there are none among the sample questions. I miss having a Peterson test for this one. I'm using the web site for the Ross book -- has 3 quizzes per chapter. Phillip
CLEP Principles of Management 77
CLEP Intro to Sociology 74 CLEP Principles of Marketing 78 CLEP Information Systems and Computer Applications 75 CLEP Intro to Psychology 80 CLEP Intro Business Law 72 CLEP Principles of Macroeconomics 73 CLEP A & I Lit 75 CLEP Principles of Microeconomics 72 CLEP Financial Accounting 62 DSST Ethics in America 468 DSST MIS 482 CLEP Natural Science 72 DSST Org Behavior 80 DSST Finance 462 |
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