IT Milk: entry

ACCTG 211: Financial and Managerial Accounting is one of the best courses I’m taking at Penn State University. The course would be at the top of the list of practical courses to take in college that “help you in the real world.” Plus, the professor is great; my section is with Professor Ken Pasch, an older guy who is overflowing with charisma and speaks like a football coach.

The professor said on the first day of class that this accounting course is not about the math; the most difficult math we will do is linear algebra. Rather, he said he would rename the course to “Corporate America 101″ because we will learn the common language of business that will give us a standardized vocabulary to talk about money with people working in any field.

I’m not a business major, and this was one of the courses required for a major in Security and Risk Analysis. Although I’m not sure how much this course would help me in a career in SRA, the time of taking this course could not have been better as I try to get my money making operations off the ground on the internet.

I am filled with ideas of making money and I know how to execute those ideas, but I am lacking on the business side of understanding how I should organize the actions of the business and properly deal with revenue and expenses.

I will probably never do my own accounting besides the basic tracking of income and expenses. I’ll get a professional accountant to do the job much more accurately, which would save me time and money. However, after the completion of this course, I will have a much firmer grasp of what is really going on on behind the scenes on all those financial statements as I focus on creating something of value for the marketplace.