How do you get help with solving accounting problems?

Answer 1

The answer depends on what is the underlying problem. Is the accounting problem an academic problem that one has been given as part of studies in an accounting course or is the problem a real one for a business owner/representative?

In the first situation, where the accounting problem is part of some academic problem set/homework, one should look at the materials that are associated with the question including any class notes, presentations and other handouts. These materials may show how a problem is solved or give similar examples that will help an individual answer the question. One may also look at the textbook assigned to the course to find the specific accounting practice/concept that is represented by the question in the problem set/homework. The next step would be to go to friends or classmates that may understand the concepts better in order for them to help you better grasp the accounting principles represented by the question in your problem set/homework. Finally, one should always be able to contact the teacher/professor in order to help get through the tough parts of the accounting concepts that are at play in the question.

For the second situation, where the accounting problem is part of a real-life business issue as managed by the owner or a representative, going to the corporate accountant is always the best place to start. IF the concept is one that the corporate accountant is unable to help with, securing or retaining outside accounting support is a respected and understood practice.