Going for MBA - Need Advice - Accounting
- 0Nov 18, '05 by Ginger35Hi,
I am an RN with a BSN. I began attending a program for an MBA this past Summer. I am currently in advanced managerial accounting and finding this very difficult.
Those RNs that went for a MBA - with no accounting / business background - how did you do it? Do you have any resources to suggest? I have had some people say that accounting is just "difficult" that finance & statistics will be a different experience & etc - but I just don't know......
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- 0Nov 19, '05 by Ginger35Hi Suzanne4 and thank-you for responding.
I am going to Indiana Wesleyan. The class meets one night a week 4 hours a night. Then, we meet as a group for projects once a week.
Spreadsheets.......... where do I begin..........Okay, my exposure to spread sheets is minimal. When I was trying to decide about entering such a program, I voiced my lack of exposure of excel to the admissions department and was told "Oh, you will be shown all of that stuff in your first class in the cirriculum and in "intro" to accounting - which wasn't very "intro". Basically, these excel courses were online learning related to excel - it showed how to enter formulas, graphing - but otherwise there wasn't much application to anything with numbers such as spread sheets with actual numbers or budgets, cost flows & etc.
The first test I got an A- on and this last test, I got a C on - I think I know where I went wrong, but geez. I have 3 more weeks of this advanced managerial accounting class to go. These are the areas that we are studying now and will need to know for the exam Dec 15th.... Profit planning & Budgeting, Allocation & Joint Costs (using reciprocal method), Flexible budgeting, Decision making(Relevant Costs & Benefits), & Target Costing. I am just throwing these subjects on here just in case if anyone knows where I can find more resources on this or perhaps some powerpoints detailing what goes where and what is added, divided & multiplied with what The book is not very good at explaininig this stuff. :angryfire
I feel that in many ways I have been misled - however, I do know that there are other students in my class not using Excel to do their work either for tests and homework.
I am thinking about dropping out and taking like an Accounting I and Accounting II Class at an undergrad level to get a better knowledge base before going into Marketing, Finance & Econ. I'm not sure I can do that - but it is atleast an alternative I have come up with in the interim of my dismay.
Do you have any suggestions or words of wisdom? Have you been in a similar situation? Or anyone else out there???
- 0Nov 19, '05 by suzanne4I got my MBA in one of University of Phoenix's first programs. And this was before computers, we had to do our spreadsheets by hand. And it was an accelerated program, as well.
There are some tutorial books out there now, but at 6am, I can't think of their name, or the website. Try to do a search on either Google or Yahoo for the exact area that you are having problems with and you should be able to come up with something.
Have you had statistics yet?
- 0Nov 19, '05 by Ginger35Hi Suzanne,
I have done some searches on Google & etc. I have found a few things, but trying to see if there is anything else out there to direct my attention to.
I have had an intro class for the MBA program, a management class, "intro" to accounting and now - advanced managerial accounting. I haven't had statistics yet - that will come in about a year or so after having marketing, finance & economics.
I will do more looking, but if you can think of some specific tutorials I would greatly appreciate it.
Even though you took these classes before things became computerized, the concepts I believe are still the same. Can you elaborate more on what like Finance and Econ are like? Were they more difficult than accounting? I have taken a couple of statistics classes in my undergrad, but that was before the use of computers also.
- 0Nov 21, '05 by zenman GuideQuote from Ginger35I wouldn't drop out, just keep plugging ahead. The finance courses should be easier and have more interesting "real-life" applications. I didn't think econ was that difficult but my exams grades didn't reflect that! Stats is really not that difficult and I hate any kind of math. Marketing is a blast...maybe you'll learn how "Post-it" started as a mistake, lol!Even though you took these classes before things became computerized, the concepts I believe are still the same. Can you elaborate more on what like Finance and Econ are like? Were they more difficult than accounting? I have taken a couple of statistics classes in my undergrad, but that was before the use of computers also.
- 0Nov 21, '05 by suzanne4Accounting stresses anyone, even if they are in a regular program, but look at it this way, you will be done with the class in just a couple of weeks. The only suggestion is to try and do as many problems each night that you can. I remember doing about three hours per night for those weeks.
- 0Nov 21, '05 by heartdrtobeI majored in accounting first go around and got my MBA, all before going to med school. Medicine and business do not mix. MBA's are hard and if you don't have accounting experience especially with intermediate accounting and cost analysis accounting you will have a very difficult time. Accounting is it's own language. Good luck but I'd get a MS in teaching if I were you.
- 0Nov 22, '05 by zenman GuideQuote from heartdrtobeMedicine is big business in case you haven't noticed!I majored in accounting first go around and got my MBA, all before going to med school. Medicine and business do not mix. MBA's are hard and if you don't have accounting experience especially with intermediate accounting and cost analysis accounting you will have a very difficult time. Accounting is it's own language.
Good luck but I'd get a MS in teaching if I were you.
- 0Nov 22, '05 by CRNAsoonI've been reading this thread with great interest because I just enrolled in an MBA program with a specialization in Health Care Administration. I have never taken any business classes and am concerned about accounting. I'm going to take my time with this degree and take classes part-time, but I'm wondering if the graduate level accounting 501 that I have to take is just as hard as this advanced managerial accounting that you guys are referring to?