Hey, don't worry. It wasn't until I'd worked as an accountant for several years that I really had a complete grasp of this stuff!
It's funny how you do the basic debits and credits very early on at university, then in your final years you're doing complex consolidations, accounting theory and the like and the basic stuff seems far away. When I got into the workforce and had to actually post some journal entries, I was kind of taken aback: "What? You do debits and credits here? How do they work again?" (And I had a glowing transcript from a respected university!) I kept my first year accounting textbook with me at the office for years.
no subject
It's funny how you do the basic debits and credits very early on at university, then in your final years you're doing complex consolidations, accounting theory and the like and the basic stuff seems far away. When I got into the workforce and had to actually post some journal entries, I was kind of taken aback: "What? You do debits and credits here? How do they work again?" (And I had a glowing transcript from a respected university!) I kept my first year accounting textbook with me at the office for years.