AIR Fall 2010

Spreadsheet Simulation in Accounting Without Add-ins

Simulation is widely used in both accounting practice and auditing practice for a variety of types of problems. It is also utilized extensively in accounting education. Addressing the functional competencies in the AICPA Core Competency Framework for Entry into the Accounting Profession, AICPA states that individuals entering the accounting profession must be able to build appropriate models and simulations using electronic spreadsheets and other software. Developing and experimenting a simulation model on an electronic spreadsheet not only eliminates the need for learning a programming language and simplifies the model building process but also eases the experiments for different values of the parameters. This paper is organized as follows. At first, it provides a discussion of random number generators in the electronic spreadsheet environment. Next, it demonstrates the use of Microsoft Excel to develop two working simulation models without third-party add-ins.
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Debate as a Great Learning Tool

A debate may be used in lieu of a lecture of specific topics in the first-year accounting course. An advantage of a debate is that, instead of just memorizing a lecture or a textbook content, students will get to exercise their critical thinking, oral communication and research skills. The use of debate is also consistent with principles based alternative of teaching accounting because students would learn to apply to specific issues a conceptual framework for financial reporting, which includes objectives of financial reporting, qualitative characteristics of accounting information, basic elements of financial statements, and recognition and measurement concepts. This could also make instructors of the first-year accounting course approach the course in a brand new way by shifting an emphasis from just covering required materials to reinforcing the conceptual framework upon all accounting topics.
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Using an Online Homework System in an Introductory Managerial Accounting Course: Some Lessons Learned

This paper reports on the introduction of an online homework system in a managerial accounting course, and tests whether or not the introduction of an online homework system has any impact on student evaluation of teaching. In addition, student and instructor reaction to the introduction are reported and some lessons learned are noted.
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Student Attitudes Toward Online Homework in Accounting Courses

The authors studied student attitudes toward online homework in community college second year accounting classes. Overall, students indicated that online homework was preferable to traditional paper based homework. In addition, students reported that online homework increased their understanding of the subject and that doing online homework assignments resulted in an increase in the amount of time devoted to doing homework. In addition to analyzing these results, we compare and contrast to other recent findings in the literature of web based homework. This paper should be of interest to any educators who are currently using or considering adding online homework to their course.
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A Survey of Community College Educators on the Incorporation of IFRS into the Accounting Curricula

The move towards adopting International Financial Reporting Standards (IFRS) continues. Currently, over 100 countries have adopted IFRS and the SEC asked the U.S. accounting profession to comment on its Roadmap for adoption and/or convergence to IFRS. The SEC stated, “This Roadmap sets forth several milestones that, if achieved, could lead to the required use of IFRS by U.S. issuers in 2014 . . .” (p. 1) One of the milestones relates to education and training. The SEC stated, “Colleges and universities would need to include IFRS in their curricula. Furthermore, it would be appropriate to include IFRS in the Uniform CPA Examination.” (p. 29).
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Social Networking: Has Its Time Come?

This article is from the Accounting Instructors’ Report, an electronic journal that provides teaching tips and insights to those who teach accounting and other business courses.

Contributor:
Belverd E. Needles, Jr., Ph.D., CPA

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Accounting Instructors’ Report, Fall 2010: Table of Contents

TRENDS
Social Networking: Has Its Time Come?

Belverd E. Needles, Jr., Ph.D., CPA
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