01 rational planning: multi-cycle review
A large number of high-level candidates shared their time planning, reviewing from three to five rounds, broadly divided into the following stages:
First round: basic solid (the longest time)
Core objective: to build a knowledge framework that is understood and understood
It's a critical period for the foundations. Following closely the online course, each chapter is completed and chapter exercises are completed immediately. When making a question, the subject is marked with errors and hesitations, the answer must be followed by a dialysis and the reasons for each option must be clear。
Second round: enhanced integration (missing gaps)
Core objective: thematic breakthroughs, convergence of knowledge points
This is an important period for internalizing knowledge points. For almost five to eight years on the computer, the objective question needs to be clear about the right and wrong causes of each option; the subjective question needs to be complete and standardized. • fast-tracking of teaching materials and thought maps, marking of vague and forgotten sections and special exercises on weak knowledge points. At the same time, the mischaracterization and hesitations of the first round were re-examined, and the debris time was used to draw a selection of the questions and consolidate the memory。
Round 3: sprint simulation (about 1 month before examination)
Core objective: simulation of the field and retention of hand
This is the final period of sprint. Every 1-2 days, a set of simulations is completed on computers with a strict timescale to simulate the real examination environment. A fine analysis of the points, identification of knowledge weaknesses and targeted retrospect. A lot of sketches were stopped before the exams, and the focus of the presentations, the difficulties, and the new points were added during the year. And finally, we're going to go through the whole calendar and all the wrongs
02 learning methods: a focus on understanding
Accounting examinations involve a large number of accounting entries, many of which appear to be similar operations, with different subjects, and it is difficult to ensure that they do not go wrong if they are hard to remember. So it's important to understand the rationale。
Retroactivity: from what to why
Don't ask "what's the record" but ask "why is the record like this" and clarify the logic behind it。
In the case of depreciation of fixed assets and readiness for impairment of inventory, it is highly confusing to record only “management costs” and “loss of impairment of assets”。
However, from the point of view of principle, depreciation of fixed assets is by nature a systematic apportionment of the cost of the asset over its lifetime, which is a normal operating expense, while impairment of inventory is an unusual loss due to unforeseen circumstances such as falling market prices. So there's no need for a hard back。
2. Inverse extrapolation: inverse of business substance from journal differences
By comparing the differences in entries for similar operations, we can see what the rules were designed for。
For example, why would a transactional financial asset and investment in other equity instruments account for one gain or loss and another for other combined proceeds when the fair value of the investment increases
By contrast, the core differences are derived from the “business model” where the former are aimed at short-term transactions, where the fluctuations in value directly reflect business performance, and the latter, where the latter are held on a long-term basis, where the change in value is considered “paper-rich” and is factored into other combined gains in order to avoid excessive profit fluctuations。
3. Constructing logic: understanding detailed subject settings
Accounts are not set at random but serve clear accounting objectives。
The four detailed subjects under the long-term equity investment law are good examples. At the heart of the equity approach is a real-time reflection of changes in the net asset shares of the investing party。
The changes in net assets, on the other hand, derive mainly from three sources: net profits, other combined gains and other equity changes. Thus, the “relationration of gains and losses”, “other combined gains”, and “other changes in entitlements” were created to track these three types of changes separately, while “investment costs” recorded initial investments。
By understanding this logical framework, the entire accounting process of the equity approach becomes well organized。
4. Simplicity: taking complex rules together with core concepts
The most efficient way to deal with frivolous rules is to refine core concepts。
For example, the “other consolidated proceeds” includes a wide range of operations, and the rules for follow-up processing vary and are highly confusing. But the problem is simplified as long as we interpret it as a “subject to be determined” or a “water pool” to be used for the temporary storage of recognized gains and losses that cannot be accounted for in the current period。
Follow-up only needs to judge one key: can the profit or loss be reclassified for future gain or loss? If so, the gains or losses are transferred at disposal; if not, they are retained permanently in the interest. Seized of the core of “to be determined” and “to be recategorized”, a host of cumbersome rules can be solved。
03 quality is far better than quantity
A large number of mechanical encapsulations of maritime tactics may end up with only 50 points, the key being not quantity but quality。
Question of instantaneousness: completion of the chapter immediately is the most critical step in internalizing knowledge。
Depth disc: when a question is made, a different symbol is used to mark the wrong and hesitant subject. After the answer, a dialysis must be taken and the reasons for each option must be clear. Return to the teaching materials or courses until they are understood。
Main theme: the real story of nearly 5-8 years is the most qualitative review. The objective question needs to be clear about the right and wrong causes of each option, and the subjective question needs to be complete and standardized。
Do a little bit: write two or three big notes every day until, "look at the deal, it's in your head."。
04 testable skills
In addition to understanding and doing things, the availability of effective coping techniques will allow us to do more than our job。
The new examination must be focused。
Core chapters: long investment, corporate consolidation, financial instruments, revenue, leasing of five mountains must be a major investment。
Associated learning: long investments are closely linked to consolidated statements, and once the merger is completed, long investments are re-examined and the two chapters are read together。
Asset-type learning logic: learning and memory following the "initial measurement follow-up measurement" backbone。
Discrepancies: depreciation of fixed assets is an accounting estimate where the inventory is valued as accounting policy。
Active output: after learning a chapter, help others to answer questions, combe their knowledge and detect ambiguities。
05 learning tools and mind management
The use of good learning tools and mind management are also important。
Looking for a match: mutual supervision, encouragement and answer to questions, to ease the sense of boredom。
Good-use tools: mind maps help build the knowledge framework, and error/form records improve the accuracy of the correct rate。
Anti-synthetic lessons: stop the video and start with an example, where the knowledge blind spot is stuck。
Pre-approval adjustments: ensure sleep, exercise properly, calm down, trust in your previous efforts。
Looking at these 80-point plus test students, my greatest lesson is that accounting is not hard to remember, but logical; rather, it is deep rewind。
Successful cpc accounting readiness = scientific planning + theory of understanding + depth of subject + test techniques + good mindset。
A new year, all together
