Midterms-a-go-go
Good morning! or Afternoon! or Night! or Kwanzaa! Whatever!
The economics mid-term was a take home, I took it home, vini, vidi, vici (now if I wasn’t a business major, I’d check my reference to make sure it’s right. Bottom line, though, you know what I mean and there’s no ROI for bothering to Google(tm) it. In fact, you’ll probably search for it just to prove that I misquoted. Ha!). I won’t say it was easy, but I think we were very well prepared for it. All the material was covered and explained well in class and the math was straight-forward.
Great. Now I’ve probably ruined my karma and I’ll get a 64 percent or something.
The accounting midterm is coming up in three days. I think that will be, well, not harder but definitely more frantic. We’ll have a couple of hours and I’ve still got a buttload (can I say buttload?) of studying to do. Lots o’ debits and credits.
Although, to be honest, we’ve got this new wave accounting textbook that doesn’t use debits and credits. Really! The idea is that we’re looking to be bidnismen, not accountants, so we can gloss over those piddly little details. I like the concept, even though I already understand the basics of debits and credits, because it simplifies things. A lot of the other students haven’t had accounting before and we would have spent weeks getting them straight. The time is better spent learning the concepts and learning how to read financial statements, if you want my opinion. (if you don’t want my opinion, what the heck are you doing on the interweb?)
The best thing, though, about not having debits and credits is watching the teacher try to explain contra-assets and closing the period without being able to use the terms.
I do have to say, though, that the teachers in these classes are great. The styles of my accounting and economics teachers are very different, but they both really know their stuff. They both have a sense of humor, too, although I think my econ professor tries to hide it sometimes.
Anyway, enough wasting time. I’ve got assets to depreciate!
