Friday, August 29, 2008

Accounting is good for the soul

First night of classes. Have 10 students signed up. Last year I had 24 or something like that. We went over our syllabus for the year then almost got done chapter 1.

Assigned home work: Read Chapter 1 and 2.

I introduced our theme for this class which is: Accounting is good for the soul.

This theme came from the following story. I worked for a small start up company in El Segundo, CA called NaturalHealthlink.com as an intern installing and supporting their new accounting system (Microsoft Great Plains). We had an outside consultant named Freida Stevens who was a CPA. She was in her element in new startups figuring out procedures, accounting policies, inventory control, etc. She said she had a hundred years of experience if you count only a 40 hour work week as she has worked long hours most of her professional career.

My wife was also working for the company and got to know Freida quite well. Frieda told her several times that she needed to take an accounting class (Alita graduated with a bachelor of science in zoology, minor in chemistry. She also has a bachelor of education as well) . We got into a good conversation with her one day about how accounting is the basis of all business and how accounting skills are needed for life in general. Taking a first year accounting class should be mandatory for all college students. Freida finally said "Alita you must take an accounting class. It is good for your soul".

That sold Alita who did end up taking a first year accounting class. (she recieved a 100% in the class). And to put it in her words. "Freida was right. Every college student should take a first year accounting class. It was good for my soul."

So there you have it. Accounting class may not always be the most exciting but it will certainly be good for the soul.

Looking forward to a great year ahead.

Wednesday, August 27, 2008

First day of class

First day of class is Aug 28th. Had a great summer but looking forward to the new year. Can't get enough of debit's and credits.