Principles of Accounting

Description: Lecture, three hours; discussion, one hour. Requisite: course 1A. Not open to freshmen. Completion of balance sheet with emphasis on debt and equity, including in-depth introduction to time value of money concepts. Introduction to partnership and individual income tax accounting. P/NP or letter grading.

Units: 4.0
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Overall Rating 3.5
Easiness 1.8/ 5
Clarity 3.9/ 5
Workload 2.3/ 5
Helpfulness 3.9/ 5
Most Helpful Review
Winter 2016 - I hold Professor Ravetch in high esteem and regard. I have taken Management 1B three times. I failed three times. I gave it everything I had but I felt like maybe there was some skill missing that was not allowing me to continue in accounting. I went into Ravetch's class with a 3.4 GPA in 2011 and came out with 2.8 in 2016. It made me re-assess everything in life. I dropped out of UCLA during this time trying to figure out what was missing. I would never blame the Professor for my short-comings as a student but I am embarrassed to have come out with such low grades time and time again. He is the first Professor to fail me. It did have a psychological effect which I don't know if it may replicate in others, but it's definitely a good thing. I went to a community college and took a Math Assessment Exam to see where I stood. I was placed into Pre-Algebra. So, suffering from a severe handicap in my math skills and given Professor Ravetch is one of the greatest mathematical minds you will ever come across, I deduct that I was not on par with the standards this Professor requires. I have been in college since 2006 and at UCLA since 2010. For me, Professor Ravetch has the toughest exams ever (if you do not come from a mathematical mind-set). I recall the first exam, watch out how he phrases the Revenue Recognition question. I could not figure it out during office hours. I strongly recommend you prepare for the Market Capitalization or PE Ratio question which is very easy but use algebra and be 100% SURE OF YOUR WORK. I felt like quitting so many times or just getting a no pass deal but it seemed like taking the coward's way out. As the class proceeded, things got rougher for me. I was totally lost when it was Flexible Budget and Taxation. I recorded all his lectures and went to his class no matter what. I learned so much from his lectures but unfortunately I have not been able to translate it to a proper grade. Regardless of the fact that I am a few days from graduation, I feel like I don't deserve my B.A for the fact that I could not do better in this class. It has haunted me and continues to. I intend on returning to take his Management 1B course as an Extension class. I have enrolled in mathematics courses at my community college with the sole goal of passing his class one day. I have never earned so many F's in my life, I am in too deep. Professor Ravetch has permanently attracted me to accounting and for that I am eternally grateful. This is the best Professor I have ever had in my life. These failures have emboldened me to pursue accounting in order to one day pass his course. I feel like Professor Ravetch embodies the Bruin spirit. I am honored to be failed by him. My highest respect to those who did well.
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