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My Penn Foster College Experience

This is Terry's account of how he got started at Penn Foster College, as well as his ongoing studies towards his online Marketing degree. Read about the various pitfalls of balancing homework with family, as well as his two jobs, personal life, and volunteer work.

Gearing Up for the First Accounting Exam

I have made it through the first lesson in my Financial Accounting course, and I’ll be taking my first exam this week.  I have been taking this course for about a week now, and my original plan was to finish an assignment a day, essentially 30 pages of reading in my textbook, and finish up this course in about three weeks.  However, this course is a bit more difficult than I anticipated, and it’s taking me longer to get through the reading assignments.  I figure it will actually take me about four weeks to finish this course at my current pace.

 

During the assignments, I’m supposed to complete the Self Check problems in the study guide at the end of each chapter.  Now, I did these religiously during all of my previous courses.  But, I was so frustrated with this textbook that I decided I would just read through the chapters in the textbook and go right to the exam and save myself the aggravation.  The Self Check problems are not graded, but they are designed to give you practice in the subject.  However, I didn’t feel the chapters were doing a very good job of explaining HOW to do the problems in the Self Check portion of the study guide. I figured by reading ahead and learning more about how income statements and balance sheets are actually constructed, I would be more prepared for the exam.  I guess I’ll find out how sound my theory is after I get my grade on the first exam, which I plan to take tomorrow night.

 

As I have mentioned before, the exams during the course are online, and you receive your grades immediately after clicking the “submit” button at the student portal.  Students can also mail their exam answers to Penn Foster College.  I suppose that’s an option for students that don’t have access to a computer, but I can’t imagine waiting around for a grade on an exam during a course.  I had to do that during my English Composition course, and the three week wait was crazy.  I guess I just don’t have the patience to wait for grades.  I like the immediate feedback of the student portal.

 

I’ll check in again tomorrow, and let you know how the first accounting exam goes.  Wish me luck!

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Published Wednesday, March 19, 2008 11:04 PM by tcord1964

Comments

 

Victoria said:

Good luck!! I'm glad you won't have to wait for the results. :-)

March 20, 2008 1:57 PM
 

sentinel said:

Financial accounting is usually taken after an introductory accounting course which might explain the lack of examples showing how various financial statements are constructed. You can grab any introductory accounting college textbook and pick up the essentials quickly. Use the introductory accounting textbook as a reference when you encounter such situations in the future with the financial accounting course. Good luck with your studies towards that marketing degree.

March 22, 2008 2:26 PM
 

tcord1964 said:

That might explain why I am having such a difficult time getting through this course.  I did check out a few posts on another Penn Foster College forum, and there were accountants who had been in the business ten years saying they were also having problems getting through Financial Accounting.  That's crazy!  If they can't make sense of it, then I will really be lost.  

I did find a good web site which explains the basics.  It's www.quickmba.com  

March 23, 2008 1:08 PM
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About tcord1964

Terry is a veteran writer and reporter who switched careers and currently works in marketing/public relations. He is working toward a BA in Communication from Andrew Jackson University while also doing coursework with Penn Foster College.

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tcord1964

Terry is a veteran writer and reporter who switched careers and currently works in marketing/public relations. He is working toward a BA in Communication from Andrew Jackson University while also doing coursework with Penn Foster College.

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