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How Do I Prepare For and Write Exams in Accounting?

By Fred Phillips

Rather than just assess the ability to reiterate facts, tests in Accounting often evaluate a student's ability to apply knowledge and quickly solve new problems. To prepare for this kind of exam, I always advise my students to practice, practice, practice. Attempt as many new problems as possible, first without consulting the solution or suggested approach. Then carefully study the approach outlined in the problem solution, and think about the similarities between the various problems and solutions. Look for patterns and principles, not just how to solve a particular problem or example.

Fred Phillips, Department of Accounting, Edwards School of Business, University of Saskatchewan, and 3M National Teaching Fellow.


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