However, final papers turned to be good due to organized dedicated, directed and group work: this gives us an insight into how to succeed in exams on last day - with a disciplined friend, we systematically chased each chapter and won over it being very consistent over a span of 12-14 hours.
To say the least, this is one of most valuable courses (especially its book) i've have took in business. For instance, one recent grad of my school of management working, although as non-accounting operations management told me how useful this book on managerial accounting had been on the production floor - each day he had to refer to it, literally.
It all came back the memory of it as flash back when i was browsing through SSRN.com and found a paper on Activity-Based Cost accounting, which is a hot field in managerial accounting these days. We studied it as well. . I quote the excerpt of the abstract to illustrate my point about uselessness of fear when it comes to learning:
You can see how the author is applying theory and making it practical. This is a simple demonstration of higher level of learning: experimentation, application = usefulness. Had been more fearless of the burden of reputation of the course and its demanding nature, i'd have turned out to be a better citizen. And i happy i have learned this insight.
See the example and you'll get just how useful the concepts of managerial accounting is for entrepreneurship, SME's and all kinds of organization. It should be all research (read: play) with all seriousness - I'm not denying pain at all, which is part and parcel of (higher) learning. nothing can help a too fearful and shy a learner in the path of getting useful knowledge. To say the least, one has to be fearless in outlook when s/he approaches knowledge. And habit of tinkering with stuff be encouraged. It's an engineer's attitude, that's why we trust them.
What are your comments?