I’m feeling really discouraged about the possibility of failing Financial Accounting 2. With graduation just a year away, I just received my exam score, which was a disappointing 28%. I’m struggling to understand where I’m going wrong in this class. I’ve always earned at least a B in my Accounting courses, and right now, it feels like everything is falling apart.
I want to push through, but the next exam is scheduled after the withdrawal deadline. There’s no opportunity for extra credit, and homework only counts for 10% of our overall grade, while exams make up 80%. Currently, I’m barely passing with a 61%. Our topics include goodwill, depletion, and loss on impairment, and I thought I grasped the straight-line, sum-of-the-years, double declining, and units of production methods—but clearly, that’s not the case.
I’m reaching out to see if anyone—whether you’re a fellow student or a professional accountant—has any advice or insights to share. I could really use some support right now. Thank you!
One response
I’m really sorry to hear that you’re feeling this way. It sounds like you’re in a tough spot, but it’s great that you’re reaching out for advice and support. Here are a few suggestions that might help:
Identify Specific Struggles: Try to pinpoint exactly where you’re having difficulties with the material. Are there specific concepts within goodwill, depletion, or impairment that are tripping you up? Once you identify these areas, it will be easier to focus your study efforts.
Utilize Resources: Take advantage of any resources your school offers. This could be tutoring services, study groups, or office hours with your professor. Sometimes, just getting a different perspective on the material can make a huge difference.
Practice Problems: Accounting is often about applying concepts, so practice is key. Look for additional problems in your textbook or online that cover the areas you’re struggling with.
Form a Study Group: Surrounding yourself with peers who are also in the class can be beneficial. You can help each other understand concepts, compare notes, and motivate one another.
Talk to Your Professor: Even though you’re concerned about the grading structure, don’t hesitate to reach out to your professor. They might provide you with insights into the exam format and focus areas, or even suggest study strategies that have worked for other students.
Manage Your Time: With your next exam approaching, make a study schedule that allows dedicated time for reviewing each topic thoroughly. Breaking down the material into manageable sections can prevent you from feeling overwhelmed.
Keep a Positive Mindset: It’s easy to let one bad exam define your entire semester, but this is just a bump in the road. Remember that many successful accountants have faced challenges in their education. Stay focused on improving rather than getting discouraged.
Consider Resources Outside of Class: Many online resources, like Khan Academy, Coursera, or YouTube, have great Accounting tutorials. These can sometimes explain concepts in a way that resonates better with you.
Check Your Study Methods: Sometimes the way we study doesn’t align with the way we learn best. If rote memorization isn’t working, try teaching the material to someone else, sketching out concepts visually, or using flashcards.
Remember, it’s okay to struggle, and asking for help is a strong step forward. You’ve achieved a lot already, and I believe you can turn this around. Keep pushing, and don’t lose sight of your goal to graduate. You’ve got this!