The first module taught me about Accounting Theory and how it relates to my professional life. I learnt that there are a number of different theories out there, and these would then form part of the subject that I would have to understand. That way if I wanted to I could relate them to my experiences, or my theoretical knowledge, whichever came easiest. This type of question required that I think about what I already know, and how it might relate to my role in the company. For example, if I had been in charge of accounts, I would have noticed certain things, patterns or signals that others might have missed.
One of the modules taught me about an imaginary manager who came to work for a particular company. My boss was a very popular figure amongst his employees and naturally there was much that went right and wrong with the business. The manager always seemed to get things done, but the others often questioned his decisions and often tried to alter them. This led to a lot of argument, but my fictional manager always stood their ground, never compromising.
From this fictional scenario, I wanted to know whether or not there was anything that I could do in order to change other people’s opinions? I asked myself this question many times while I was studying. Of course, the only answer that I got was that there wasn’t anything I could do at all, but I didn’t discount the possibility that I could persuade other people. Therefore, this led me on my quest to find out how to take my theory module so that I could test my theories on the real world.
To begin my research, I looked for a module that allowed me to put into practice my theory. The first question that I needed to answer was: What is managerial accounting? I’d heard this term before, but I’d also seen several different modules that presented the same idea. I’d also read about some of the problems that were faced by those practicing it. These were the topics that I needed to research. After answering these questions, I was able to move on with my research.
After completing my theory module, I still had one more question to answer: What would be the best way to practice my theory? As I’d suspected, the best way to practice my theory would be to put it into practice using a managerial accounting exam. However, I needed to determine whether or not answering a managerial accounting exam would help me in learning my theory. After answering the question, I discovered that the module did in fact help me in understanding the concepts presented in my theory.
I also discovered that answering a quiz for me on the module helped me practice my knowledge. Through the questions that I asked, I found that I was able to apply the concepts presented in my theory in a real-world manager situation. Through the quiz, I was able to practice these concepts, and I was able to understand the concepts better.
Once I was able to understand the concepts that I learned in my module, I took my theory study module for a test. Upon testing, I discovered that my knowledge of the concepts presented in my theory was better than the knowledge that I’d gained through my study guide. My results were positive. Now I knew that if I was going to take my theory for a management exam, taking a practice exam for me on the module would be a wise move. It allowed me to see just how effective my learning was.