Introduction
As one who have decided to take up an accounting course and later pursue a career in this field, I have always come across the importance of financial accounting in any business organization. However, it was when I finally took this particular course that I gained adequate realization on the significance of the different accounting theories and practices. In reflecting back upon my learning experience in financial accounting, I think that the most profound thing that I learned from this course is the significance of arriving to a complete, relevant and timely financial information for businesses. Further, I found the study of different financial accounting theories and principles are really challenging, and there is a need to fully grasp the various financial accounting concepts to appreciate the relevance of their application.
Consequently, it was during the introduction of the Work Integrated Learning (WIL) that I came to appreciate the application of these concepts in actual business settings. The WIL did not only allow me to learn about the rules and underlying guidelines to come up with relevant and accurate accounting information. Rather, the system helps me understand how these concepts can be properly used in assessing the financial health of business organizations. With the WIL, I felt that I was not only dealing with hypothetical problems when solving quizzes and assignments. I tend to look at the activities such as how the theories can be applied in problem solving situations and presentations as something that I will be doing soon as a financial accountant and this motivated me to try my best in studying even those that involved complex theories. Further, I was able to appreciate the lectures concerning the case studies where I have learned about the critical and proper evaluation of financial data, especially so that we were exposed to real business problems and issues that are encountered by most financial accountants. My learning was made more meaningful with the assessment and feedbacks on my performance, and the positive experience made me more confident about my decision to pursue a career in financial accounting.
Despite the positive experiences, I also encountered difficulties in this course, especially during the initial seminars where students were expected to attend on time and completely prepared for the discussion. At first, it was challenging and a bit daunting because we were required to be present at the seminar and were told to do our best to meet the prescribed level to pass the course. Still, I tried to meet the requirements by consistently attending the seminars and completing the readings and activities as required. In due course, I have come to enjoy the course and have in fact taken it as a habit to constantly review about the different accounting concepts, specifically by reading the textbook chapters and the necessary readings.
Conclusion
Taking the financial accounting course is vital in understanding the different concepts associated with financial accounting. I am introduced to the various theories and principles underlying financial accounting and the application of these accounting theories in businesses. I realize that while the large number of accounting principles may appear complex and difficult, taking time to read and study their application is helpful in fully understanding these theories. The system such as the WIL helped me appreciate the importance of accounting concepts because it allows the learners to see the application of these theories in actual business problems. This course motivated me to pursue my accounting course and soon seek a career in this field. I found that becoming an active learner by completing the given task and other course requirements is essential to the satisfactory completion of this course.
