First, it is important to keep in mind that there is no specific course to study to be a limited company accountant. Nevertheless, all accountants have studied accounting. If you desire this job in a big company or firm, you too must first study it. Here are some vital tips to help you in your study:
1. The material is sequential within a given course
Often, the material especially in the first unit of accounting is sequential. This means that the material you cover in the early chapters is necessary to solve problems in later chapters of the course. Therefore, if you are not grasping the concepts of the early chapters, you need to go back before moving forward.
2. This sequence is international
You are probably aware that the accounting course you are studying is one among several courses. The course is where it is because the material is sourced from earlier courses. Hence, do not throw away textbooks of your earlier courses.
3. Accounting is not the same as mathematics
If you think that just because you are good in mathematics you will be a good public limited accountant, you are wrong. In mathematics, problems have absolute solutions. In accounting, many rules have various exceptions and the final solutions, such as a recommendation to a certain limited company, will depend largely on the problem’s context.
4. Do not read the textbooks like a novel
When you open a novel, you will read it cover to cover and benefits of a starting a company forget about it. Do not treat your accounting textbooks the same way. You will be dealing with a lot of technical language in the course. Therefore, slow down in your textbooks.
5. Look for a partner
Apart from the time you spend in class listening to the lecturer, you need your own study time as well as with a study partner. A good partner will help you understand some of the difficult concept and vice versa.
6. Practice makes perfect
There is truth in the old adage that practice makes perfect. Going over as many accounting problems as possible as this adds value to your study and helps make you a good limited company accountant in the future.
7. Avoid being fatalistic
It is true that accounting is difficult, involves plenty of hard work and takes a considerable amount of time. Nevertheless, it is not impossible, and so many people have been successful. By following these tips, you too can make it.