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ACCT 106

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    Always Do the Reading

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    Math-heavy

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    • Profile picture
    Oct 19, 2016
    | Would highly recommend.

    Not too easy. Not too difficult.

    Course Overview:

    Accounting is a very interesting course that allows to learn about the GAAP and various ways that companies account for assets, liabilities, and equity. I recommend Pierre Sterlin highly because he is extremely energetic, in a course where most teachers or practitioners have a lack luster amount of enthusiasm. Pierre makes it very fun, he is always able to give and take a joke, and he makes the whole class have a good time learning.

    Course highlights:

    I would say the highlights of this course had to be learning about depreciation. In depreciation, you learn the 3 ways that people calculate depreciation on assets in a company: theres the standard way which is just taking the expected life, an every year putting one over that expected life in a fraction, multiplying that times the value of the asset and then you have the depreciation. There is the units of production method, in which one minus's it off by individual units, for example a car that has 150,000 miles expected life that was worth 10,000 means for every mile driven, it depreciates by 15 dollars every mile. Then there is double declining balanced depreciation, in which one takes net book value x (2/useful life in years). In this method, the depreciation is high for the first few years, but diminishes with the passage of time. Particularly useful for computers, which depreciate quickly due to innovation, but then as time goes on the depreciation becomes of smaller increments. Very interesting and practical subject to learn, quite useful for real life.

    Hours per week:

    3-5 hours

    Advice for students:

    Never fall behind. Do not miss class, and always make sure you are caught up. Accounting II is not a hard course if you pay attention, do the homework, and keep a level head. That being said, if you fall behind even a little, it means a huge deal-its very easy to miss what the professor might want specifically if you miss a class where that is discussed, you might miss when there might be certain exceptions to the rule, and little things that can cost you valuable points on a grade, and valuable knowledge as well.

    • Fall 2016
    • Pierre Sterlin
    • Yes
    • Math-heavy Always Do the Reading Great Discussions


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