+- Online Degrees and CLEP and DSST Exam Prep Discussion (https://www.degreeforum.net/mybb)
+-- Forum: Main Category (https://www.degreeforum.net/mybb/Forum-Main-Category)
+--- Forum: General Education-Related Discussion (https://www.degreeforum.net/mybb/Forum-General-Education-Related-Discussion)
+--- Thread: Accounting 1/2, into to finance, macro,micro (/Thread-Accounting-1-2-into-to-finance-macro-micro)
Accounting 1/2, into to finance, macro,micro - stretcharmy - 10-10-2013
Does anyone have any suggestions on the order of these. With the tests I've taken I've found that if I had the right order of some of them they would have been easier since they build. Does anyone have any insight into these?
Thanks!
Accounting 1/2, into to finance, macro,micro - EI2HCB - 10-10-2013
I think studying for intro to Finance will allow you to grasp the basics regarding finance before you start worrying about debits and credits in accounting you should have your understanding of assets, Liabilities and so on in the intro to Finance so that Accounting 1 and 2 would be easier. I haven't taken these exams yet but understanding terms is key for accountancy so if I were to take Intro to Finance I'd do it first. I have too many other business electives so I don't need to take it other than for fun but I don't have time for fun right now
Accounting 1/2, into to finance, macro,micro - cannoda - 10-10-2013
stretcharmy Wrote:Does anyone have any suggestions on the order of these. With the tests I've taken I've found that if I had the right order of some of them they would have been easier since they build. Does anyone have any insight into these?
Thanks!
I strongly recommend macro, micro, accounting 1 and 2 BEFORE finance. There are quite a few schools where these and business law would be required prerequisites for the finance course. Econ can be taken with, before or after accounting. Bear in mind that micro, macro, and accounting 1 and 2 are typically lower-level courses while finance is usually an upper-level course.
It is possible to take micro before macro, depending on the school, but I don't know of any school that recommends that sequence.
The first accounting course covers a LOT of non-accounting stuff that you need for finance. The question "What is a corporation?" and "How do bonds work? are answered in the first accounting course.
Financial ratios, time value of money, and capital budgeting are typically taught in the first-year accounting courses and expanded upon in the finance class.
The specific courses you are looking at may not require this background but it would be out of the ordinary.
Accounting 1/2, into to finance, macro,micro - stretcharmy - 10-11-2013
Thanks connoda! much appreciated!
Accounting 1/2, into to finance, macro,micro - Instantcredit - 10-14-2013
I would say you can take macro and micro without the accounting classes (I took macro before micro, and that seemed to work well, as it is a broader topic.)
If you're planning on taking the Principles of Finance DSST exam, it's a tough exam. I took Intermediate Accounting 1 and 2 from TESC, and then studied a corporate finance textbook for maybe 3 hours, and ran through probably 1/3 of the Instantcert flashcards for it, and passed the DSST with a 400 (lowest possible passing score). I didn't do too well on the finance (and especially the specifics of capital budgeting) part of the exam, but knew enough of the accounting questions in order to barely pass. Definitely take accounting first, as much of what is on the Principles of Finance DSST involves knowledge that you will learn via your accounting classes.
It would have taken me at least a month of hard study to pass the finance exam without prior knowledge from accounting classes.