How Can I Quickly Learn the Basics of Accounting?
I hold a BS in Economics and took an Accounting class a few years back, but I currently work at a bar and I’m looking to move away from my late-night shifts (6 PM to 3 AM from Thursday to Sunday).
I’ve got some experience in real estate property management, although I don’t have a strong background in Accounting. I recently landed an interview for an entry-level accounting position at a real estate company, but I’m feeling a bit uncertain about how much I actually remember.
Can anyone recommend any videos or online resources that can help me grasp the basic principles of accounting in just a few days? I’m looking for enough knowledge to get through the interview and continue learning once I’m on the job. Thanks!
One response
It’s great to hear that you’re taking proactive steps to transition into an Accounting role! Here are some resources and strategies to quickly brush up on basic Accounting principles:
Khan Academy: Offers a comprehensive set of free videos covering basic accounting principles, from the accounting equation to financial statements.
YouTube:
Search for channels like “Accounting Stuff” or “Farhat’s Accounting Lectures.” These channels have concise videos on fundamental accounting topics and can help reinforce concepts you may remember from your previous studies.
Accounting Websites:
Investopedia is also a good resource for definitions and examples of accounting concepts.
Practice Problems:
Look for basic accounting workbooks or online resources with practice problems. Websites like Quizlet can provide flashcards on key terms.
Review Key Concepts:
Focus on key topics such as the accounting equation (Assets = Liabilities + Equity), basic journal entries, and understanding financial statements (Income Statement, Balance Sheet, Cash Flow Statement).
Utilize Apps:
Apps like Khan Academy and Accounting Flashcards can be helpful on-the-go for quick reviews and concept checks.
Networking:
If possible, connect with a friend or colleague working in accounting to review concepts together or to ask questions leading up to your interview.
Mock Interviews:
Set a schedule for yourself over the next few days to focus on these resources, and make sure to review any notes or textbooks you might still have from your previous class. Good luck with your interview — it’s clear you’re dedicated to making this transition, and that enthusiasm will shine through!