Hello students and/or parents,
My name is Peter Hebert, EA, MAFM, and I am a partially retired accountant living in Northfield Vermont. I have a small accounting practice where I provide bookkeeping, controller and tax service. My career extends over fifteen years in primarily what is termed management accounting. Without going into too much detail, management accounting starts its focus at the transaction level and works up to developing reports for various stakeholders. In contrast, public accounting starts with a financial statement focus and works backwards towards the transaction level.
My criticism of college accounting today would be that it focuses very heavily on GAAP accounting from the starting point. As an accounting student, you have an avalanche of concepts, rules, regulations, and college professor idiosyncrasies to overcome. The only way you can conquer this mountain of material is to break it down into segments and drill away at it. If you want to run a race you have to train yourself daily.
Accounting is no different. I will show you what the concepts are. From there it is a matter of coaching you in being able to answer questions on the material.
My first career was in the military, where I spend twenty years and training subordinates was routine and necessary. The training method I used in the military is the same that I use in accounting. That method is on the job training. I use a lot of t-account examples and I challenge students to answer questions based on these cases.
In my resume, I describe myself as a hands-on controller. If you are willing to be hands-on accounting student, I can teach you accounting.
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