activity

Activity: Researching Job Requirements

It’s wise for students to begin researching job requirements for a typical career in their chosen field before they proceed very far in their education or, even more certainly, before they graduate and start their job searches. But, because they’re new to the field, they may not know how or where to begin finding the type of relevant and timely information that will truly help them on their journeys. Thus, they would welcome and value some “on the ground” guidance from knowledgeable and experienced professionals. As an educator with a breadth of experience, you can offer quite a bit of knowledge, wisdom, and insight with Read More…


Learning the Accounting for Accounts Receivable and Bad Debts: An Interactive Approach

Students are often confused by the impact and timing of recording transactions and events that affect the net realizable value of accounts receivable and bad debts. This instructional resource uses a comprehensive problem to illustrate an interactive approach of teaching and learning concepts related to accounting for accounts receivable and bad debts in a principles of financial accounting course. Read More…


Teaching Lean Accounting With A Manufacturing Simulation

Lean Accounting evolved in order to promote goals consistent with the Lean philosophy. It has been accepted by companies for its ability to create accurate, useful, real-time financial data, useable by both managers and line employees. Correspondingly, Lean Accounting is more frequently included as a topic in university management accounting courses. We use a modified version of Peter J. Billington’s airplane manufacturing simulation, “A Classroom Exercise to Illustrate Lean Manufacturing Pull Concepts”, to introduce students to Lean Accounting (Billington, 2004). This teaching note is intended to help the reader run a Lean simulation, develop Lean Accounting Profit & Loss statements, and compare Lean Accounting profits to absorption costing profit. It also analyzes the behaviors encouraged by each method. Read More…


The Personal Budget: A Value-Added Tool for the Managerial Accounting Class

Students often need activities to help them process and understand accounting concepts. This is especially true for managerial accounting, a course offered to accounting and nonaccounting (including non-business) majors. One such activity is the personal budget. It’s a simple value-added activity that is used to demonstrate key course concepts such as cost behavior, profit planning, and variance analysis in the managerial accounting course. This paper describes the personal budget exercise and provides accounting instructors with a template for use in their own course. Read More…


Understanding Debits and Credits

Interpreting “Your Account Has Been Credited” on a Bank Deposit Receipt

The main purpose of this teaching resource is to enable students to understand the rules for debits and credits that are summarized in Exhibit 2. Many students are predisposed toward misunderstanding the effect of debits and credits on assets and liabilities. The reason is that they misinterpret what is meant by the words on their receipt when they make a deposit into their bank account. When depositors read, “Your account has been credited,” most assume that the words indicate that Cash has been credited. They are inclined to think that an increase to Cash or any other asset is recorded as a debit. Read More…


Peyton, Inc: An IFRS Project for the First Intermediate Accounting Course

In 2008, the Securities and Exchange Commission (SEC) proposed a roadmap to issuing new rules that would require US domestic listed companies to adopt International Financial Reporting Standards (IFRS) by as early as 2014. Last year, the SEC suggested a slight variation on the path that could lead to US Generally Accepted Accounting Principles (GAAP) continuing for the foreseeable future and only gradually, over time, changing in the direction of IFRS. Given the situation, accounting educators who teach financial accounting courses face a major challenge in determining whether, and how, to integrate IFRS content into their courses. This paper offers a project that instructors teaching the first intermediate accounting course can use to give students exposure to IFRS and some of the major differences with US GAAP. Read More…


Card-Sorting Activities for Introducing Theoretical Frameworks

This exercise offers instructors an active learning tool useful for introducing theoretical frameworks. Frequently, accounting instructors need to relay to students the basic foundations upon which the rest of the course will build. Since the students are novices, transfer of this information can sometimes be challenging. We explain an in-class activity which engages students with the framework early in the course. We present details for three areas useful for accounting instructors: 1. objectives of financial reporting, 2. Objectives of the tax law, and 3. Classical ethical theories. Students are prompted to consider their own ideas and predispositions in each of the independent exercises. It is designed for a class of approximately twenty students, but can be altered to fit the needs of any class size.
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Learning Activities: Building Blocks for Constructing a Successful Course

In previous Trends pieces, Dr. Belverd E. Needles, Jr. addressed the “Changing Environment in First-Year Accounting” (Spring 2013) and “Managing Change Through Continuous Improvement.” (Fall, 2013). His colleague Sus Crosson described the implications of “The Evolution of Accounting Concepts.” (Summer 2014). In this issue of AIR, he begins a two-part series on how to make first-year accounting a more dynamic learning environment. Here, he delineates the set of learning activities from which the instructor may use in a first-year accounting course and suggests the criteria that may be used to select among these learning activities to successfully construct a successful course. Read More…


Activity: Evaluating Online News Articles

It’s certainly easy to search for and find news articles online. Some are available at the online “home” of well-known, traditional news publications, or at equally reputable news websites that nevertheless have no print counterpart. Others can be accessed via the research databases on offer at your library. Still others may appear in your social-media feeds, or crop up at sites that “syndicate” content from a variety of sites with varying degrees of reliability or authority. Though it’s always important to get your news from a reliable source, it’s especially important to students who want or need to use online materials for their research projects. As students Read More…


Implementing Learning Activities

Instructors face a challenging task of implementing the learning activities into a cohesive and interesting course for today’s environment. In this article, Belverd E. Needles looks at each learning activity in more depth by first addressing each activity’s advantages and limitations. Then, Needles provides guidelines for use including planning overview of the activity, key-learning tools for the activity, and how to set the environment for maximum learning using the activity.

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