Professor Elam

Tuesday March 1, 2011

I am not able to access Blackboard for any announcements this morning so I am posting here, another reason to maintain a separate communication site. 

We have spent a good deal of time reviewing in each of these classes.  I realize that we have students with varying academic backgrounds in accounting. I launched a review program that has taken most of the semester to remedy that as well as possible. This will only be successful if you re double your efforts at review. My sense last night in Intermed II is that many of you are completing the homework and understanding the material much better than you did a month ago. I am as always open to any and all constructive suggestions for class improvement.  I urge you this weekend to go back and re attempt the ten column worksheet from the pastina problem, you should discover that you are much better at the adjusting entries as well as the concept of income statement and balance sheet. 

We need to have an exam in each class before spring break. I am thinking Wednesday March 9. 

Intermediate I this will cover balance sheet and income statement. 

Intermediate II this will be over Chapter 14 bonds and some of Chapter 15 on leases. So please read ahead and come to class tomorrow with relevant questions. 

Jesse Trinidad  had a good idea in Intermed II last night about the CPA CMA questions. I will put those up separately on connect for both classes  in practice mode so one can access them multiple times. 

I hope that my strategy for success in both classes is clear. We have dropped back so to speak and spent a good deal of time on reviewing the basics. We prepared worksheets and had four saturday review sessions.  It is now time to forge ahead, and we need to do so there is but a month and a half left after we come back from spring break. I do not want to schedule a test immediately after spring break but I do hope that you will use that time to read ahead and prepare for the remainder of the course. 

I will also be reviewing the Schaums book for suggestions. Schaums as I have mentioned to you covers material in a much more concise manner than Spiceland.