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Accounting

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Discussion

1500
  • Parzival S.
    @parzival-s Parzival S. My name is Parzival Sattva and I'm glad to see that accounting is a subject that may, some day, become a Socratic subject.


    My background in accounting is pretty comprehensive. I have a Masters of Accountancy from Golden Gate University (as well as a Masters of Science in US Taxation). Beyond that, I was a Certified Public Accountant in California and also a Chartered Accountant in British Columbia.


    I worked at several different places - a few CPA firms (usually small, boutique firms), a credit card company (where I did securitization accounting which is a very different animal from the run-of-the-mill accounting), a mutual fund company, and finally had my own small business for a few years.


    As for why accounting should be on Socratic - accounting as a subject is not one that gets much attention or focus. It's not usually an academic subject that gets highlighted, nor is it, in the world of business subjects, sexy (unlike, say, finance, which tends to attract far more attention). But all that misses the point - accounting as a subject is less like math (where much of the learning there is of pattern recognition and logical thinking) and far more about organization and presentation. Learning accounting is also a directly applicable life skill which can help people to take control of their financial lives.


    Something I ran into time and again as a CPA was small business owners (who became small business owners because of layoffs during economic downturns and who still needed to pay the rent every month) who would come to me to help them make sense of their books - they had no clue what they were looking at or even what the purpose of keeping books was. Learning accounting, understanding the financial transactions and results from those transactions, is empowering. And I think that empowerment is the most important reason accounting should be featured on Socratic.
    1 year ago
  • Becca M.
    @becca Becca M. @Kazi Ashiq Iqbal what an amazingly passionate explanation. So awesome. Cannot wait 'til more founders sign up so we can start building this subject!
    2 years ago
  • Kazi Ashiq Iqbal
    @kazi-i Kazi Ashiq Iqbal Well, at first I was not interested in choosing accounting in my O level... but you know there is nothing harm in attending just an orientation class. Hence I just went into the class and after that .... WOW! It totally changed my mind. It kind of became my favourite subject. I think the credit goes to my tutor also for making this subject more interesting to me day by day.
    I was always fond of science and subjects related to business like commerce, economics were kind of boring stuffs to me - I literally hated them. But accounting was different from them, totally different! It was not about memorizing those policies of customers nor it was about understanding those demand-supply curves.. It was all related to things going all around me, starting from how large supermarkets, Malls, Banks were keeping records of their money to how a small retail shopkeeper calculates his daily profit. It might seem simple but there is a Whole lot to learn! And not to mention A Whole Lot To Teach Also!
    2 years ago
  • Becca M.
    @becca Becca M. Hi @kazi-i! I'm thrilled to hear that you're interested in helping get Accounting off the ground. For those of us that don't know, can you explain what it means to have accounting in your GCSE O level? Cheers!
    2 years ago
  • Kazi Ashiq Iqbal
    @kazi-i Kazi Ashiq Iqbal I'm just a boy who has a huge interest in accounting and had this subject in my GCSE O level.
    I believe that accounting itself is an art- more precisely it is the art of bookkeeping. It helps you understand, differentiate and evaluate how multinational companies, banks, schools etc are keeping record of their daily transactions as well as how the small grocery, pastry shop and other small business are running.
    Apart from developing theoretical knowledge, this subject actually helps you in your real life be it through letting you understand the terms in your parent's bank statement or helping them out prepare ledgers in their business. Altogether it would be really fun helping people out in this subject.
    2 years ago
  • Becca M.
    @becca Becca M. @Rajibul S. wow, that's fantastic. Yes, we should definitely think about how accounting varies across countries. We want to build a resource that is as useful for as many different students as we can, while still making it relevant to specifics and complexities in different places. Do you have ideas about where we could share this page to help find the next 7 founders?
    2 years ago
  • Rajibul S.
    @rajibul-s Rajibul S. Hi @Becca M. I teach Ordinary and Advance level accounting (British curricula) in Bangladesh, and also I am a student of ACCA. I hope I can help built this community with valuable information as along with other subjects accounting is also complicated and varies in system from country to country.
    2 years ago
  • Becca M.
    @becca Becca M. Hi @rajibul-s! SO excited your interested! What is your background and experience with accounting? I'm excited to get things started once more founders sign up!
    2 years ago
  • Rajibul S.
    @rajibul-s Rajibul S. Hai, I'm Rajibul Haque and I am very excited to be one of the founder because I like to teach and get taught, and I find this as the best way to reach more of both.
    2 years ago
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FAQ

How are new subjects launched?

By the community! (With support from the Socratic team.) To launch a subject on Socratic, you need a founding team of eight people who are committed to building and supporting the subject through its critical early days.

Once eight founders have signed up, you will form a team that collaborates to grow and nurture the subject using a live version of the site. You will write the subject's first featured answers and recruit other contributors. Most important, you will lead by example by participating often and encouraging others to do the same.

Once the founding team has built a foundation of helpful answers and a healthy community of supporters, the subject will graduate, meaning it will join the ranks as a designated Socratic learning resource. We'll also design a beautiful subject badge to make it official!

Who can be a subject founder?

Anyone who knows a lot about Accounting can become a founder. Why? The Socratic community values passion, diversity of opinions, and commitment over credentials.

Alongside your knowledge, your passion to share and spread Accounting with students everywhere should be your driving force. This is what will help your subject succeed!

Why should I become a founder?
  • Be one of eight people building a shared resource that will reach more than a million students every month. Now that's legacy.
  • Connect and collaborate with brilliant people around the world who share your passion. Find your tribe.
  • Earn credibility and status, online and off. Add it to your resume! Founding a subject will keep you sharp, and can even help in your professional life.
  • Have fun. Building something you're proud of feels pretty darn good.
When I sign up to be a founder, what am I committing to? I'm not sure I have time.

New subjects need a foundation of helpful answers and, most important, continuous participation from passionate folks. As a founder, you will:

  • Ensure that your founding team creates at least 20 featured answers that represent that very best in your subject
  • Participate often and encourage other team members, so that you meet your shared goal of high activity days (days on which 8 or more people contribute)

No matter who you are, life is busy and unpredictable. That's why there are no individual or time-based requirements for subject founders. You can contribute to your shared goals anytime, from anywhere - so long as you make an active effort to support the team and push the subject forward.

Can I invite friends to be founders?

If you know someone who would be a great founder for a new subject on Socratic, you can — and should! — invite that person by sharing the link to this page with them, and encouraging them to sign up.

Inviting a friend to join you on the founding team likely means working with someone you already respect, which'll help establish trust amongst the team early on. Trust = better outcomes and more fun.

I would love to see Accounting on Socratic! Can I get involved without becoming a founder?

Yes! To help get Accounting launched on Socratic, you can:

  • Recruit others (know a potential founder?) and spread the word (share links with interested friends or online groups you're part of)
  • Contribute early answers — anyone can write answers, even if you're not a founder
  • Ask some of the first questions (if you're studying this subject or want to learn about it)
  • Get to know the founders and chime in with support and encouragement