You got this. Intermediate 2 is probably one of the hardest accounting classes. Can’t say I enjoyed it but it does give you a great foundation to work from. It’s mostly the insane amount of information that is hard to cope with. I highly highly recommend going over the chapter questions or problems your prof highlights MANY times before the exam. That helps me understand the underlying principles more than anything else. Eventually it just “clicks”. Good luck!

@@calvinator94 hey, I'm actually taking a gap between intermediate 1 and 2. Is there a lot of carryover between the two courses? I'm concerned that I'll forget info during the gap.

@@ExtremeComments9 I had a 9 month gap between the end of intermediate 1 and the beginning of intermediate 2. I would say the workload is the same or similar and that intermediate 2 builds on some previous concepts in int 1. But I think you’ll be fine with a little gap. If anything it’s nice to have a break from the insane workload lol

Great point! Firms want you to have your CPA and they work hard to incentivize you to get it ASAP

I’d also say that many firms are struggling with retention right now so the work load is high, which means not much down time to study. I would definitely prioritize finding billable work over studying, but if there is truly nothing to do studying is a good option.

Great question. I think working from “first principles” has helped me. Ex: the BS equation, asset = liability + equity. How well do I really know that equation? Do I know how it applies to journal entries? Am I aware of an asset account vs a liability account and how one should respond if the other moves a certain direction? Knowing these “first principles” has been the only way for me to move through the material, because I agree - it’s a truly disturbing amount of info to memorize lol. Re: the CPA exams. I think it’s a combination of knowing those first principles but also smashing a disgusting amount of multiple choice. I probably do anywhere from 50-100 a day. This not only reinforces the principles but makes me more aware of how the CPA exams are going to ask questions, which is half the battle!

@@calvinator94 Now, if the textbooks broke things down the way you just did...I would have less of an issue learning this stuff or maybe it's just not for me. It's definitely hard to see the light at the end of the tunnel when you've just begun your journey. Thanks for the reply! All the best with the the exams!

@@Adrian-cn5rk best of luck to you as well! Accounting textbooks need to be completely re-thought. For more in-detail explanation you should checkout Darius Clark’s KZfaq channel. Very helpful explanations.

@@calvinator94 will do thanks