How to be fast in Accounting?

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+1 Financial Accounting

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Mayank Chhabra

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Accounting as a practical subject is very scoring, time management is also very important in accounts, as practice make man perfect, the the more you practice the practical question the more you get fast and save your time in accounting with great accuracy.
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In accounting the only way to be fast is by knowing precisely what is asked and what and all must be done. In other words one must have a picture in mind of what must be done there by not spending time in reading the question more than once and loosing the speed. One must pay attention on the adjustments...
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In accounting the only way to be fast is by knowing precisely what is asked and what and all must be done. In other words one must have a picture in mind of what must be done there by not spending time in reading the question more than once and loosing the speed. One must pay attention on the adjustments and must not miss it. read less
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Tutor

By practice.
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Chartered Accountant

By clearing your basics and doing regular practice and fast calculations.
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First understand, memorize, keep it mind all concepts & methodology of applying concepts in suitable place & application procedures with simple mathematics formulas in suitable places in your early study i.e, in +1&2, -- Secondly try to understand the relationship (Correlate) between one stage & another...
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First understand, memorize, keep it mind all concepts & methodology of applying concepts in suitable place & application procedures with simple mathematics formulas in suitable places in your early study i.e, in +1&2, -- Secondly try to understand the relationship (Correlate) between one stage & another stage of application of methodology. -- Thirdly self practice of sums makes you to do it perfectly in all stages with enough speed /accuracy. read less
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Tutor

Practice all examples relating to concepts thoroughly. Find more problems for each concept and solve them (past papers / question banks / advanced books). Repeat.
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Commerce Tutor

First of all focus upon the conceptual clarity and Second arise interest by watching business news and channels and by studying newspaper and magazines. You should arise interest first then every thing will be fine soon. You can also connect with me.
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ICWA Accoutancy Professional

First Thing in Accounting is understanding the basic Concept and Golden Rules of Accounting. We need to Analyze the all expenses or revenue where it comes from where it goes or appears in Profit and Loss account. For example if we take Salary paid to some person, then here salary is expenses account...
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First Thing in Accounting is understanding the basic Concept and Golden Rules of Accounting. We need to Analyze the all expenses or revenue where it comes from where it goes or appears in Profit and Loss account. For example if we take Salary paid to some person, then here salary is expenses account we follow Nominal Account Rule "Debit All Expenses" and here we don't have specification whether it is paid in Cash /bank we can consider Bank from Bank it is paid Then Bank Account get Credited So Entry will be Salary a/c Dr to TO Bank Account (Being Salary paid To person ) Here salary goes to P&L and Account and Bank (We reduce Bank Balance which appears in Balance Sheet (Current Assets Side) by practice it is very Easy to understand. read less
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Tutor

In accounting the core thing is your command on basic principles of journal entry. If you have good command over basics and have good practice of it then you will not find accounts difficult at any stage you can further furnish your speed by practicing it and improving your calculation by smart techn...
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Expert Accounting, Finance tutor with over 22 years' industry experience.

Accountancy is an International Subject, constantly evolving, which is woven with every aspect of an organization. Understanding the concepts well and implementing them with regular practice of the subject, referring to the specific topic relevant books, not necessarily many of them, will not only increase...
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Accountancy is an International Subject, constantly evolving, which is woven with every aspect of an organization. Understanding the concepts well and implementing them with regular practice of the subject, referring to the specific topic relevant books, not necessarily many of them, will not only increase your speed on the subject, but will increase and improve your overall knowledge about it. read less
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