AIR Newsletter

AIR Winter 2019 Newsletter

The following articles are featured in the Winter 2019 issue of Accounting Instructor’s Report. Enjoy!         TRENDS & TOPICS  The Relationship Between Accounting Students’ Personality, Professional Skepticism and Anticipatory Socialization  Author: Belverd E. Needles, Jr., Ph.D., CPA, CMA Editor, Accounting Instructors’ Report (AIR), DePaul University Improving Pass Rates in Intermediate Accounting Through Student Engagement Authors, all from Cleveland State University: Craig Fotin, DBA, CPA, Assistant Professor, Department of Accounting; Heidi Hylton Meier, DBA, CPA, Chair and Professor, Department of Accounting; Jan Rose, MBA, CPA, CMA, Lecturer of Accounting; Peter Poznanski, Ph.D., CPA, CMA, CFM, Professor Emeritus, Department of Accounting Building Airplanes in Read More…


The Relationship Between Accounting Students’ Personality, Professional Skepticism and Anticipatory Socialization

Author: Belverd E. Needles, Jr., Ph.D., CPA, CMA Editor, Accounting Instructors’ Report (AIR), DePaul University Professional skepticism is an essential component of every audit. It is the foundation for detecting fraud and maintaining an independent attitude (AICPA, 2002). There has been an increased emphasis on professional skepticism in the last decade due to the large-scale accounting fraud cases that were the catalyst for regulatory reforms such as Sarbanes Oxley Act (SOX) in the US, increasing complexities transactions and the expanded use of estimates and fair value which require more accounting judgement. The lack of professional skepticism has been the case Read More…


Improving Pass Rates in Intermediate Accounting 1 Through Student Engagement

Authors, all from Cleveland State University: Craig Fotin, DBA, CPA, Assistant Professor, Department of Accounting; Heidi Hylton Meier, DBA, CPA, Chair and Professor, Department of Accounting; Jan Rose, MBA, CPA, CMA, Lecturer of Accounting; Peter Poznanski, Ph.D., CPA, CMA, CFM, Professor Emeritus, Department of Accounting   After completing Principles of Accounting I (financial accounting) and II (managerial accounting), most Accounting majors enroll in Intermediate Accounting 1 . For almost all students, the quantity and difficulty level of the material makes Intermediate Accounting one of the most difficult courses they will take in their degree program. Compounding this difficulty level is the Read More…


Building Airplanes in an Accounting Class: An Interactive Exercise in Managerial or Cost Accounting

Authors: Tim Creel, Harding University and Veronica Paz, Indiana University of Pennsylvania  The process of building paper airplanes in an accounting classroom allows students to experience an interactive, engaging, problem-solving, and fun learning environment. Building paper airplanes occurs in a managerial accounting class at the undergraduate level, an MBA accounting class or cost accounting class. Students volunteer to build paper airplanes in front of their fellow classmates to illustrate the manufacturing process. The class answers questions related to the manufacturing process after completion of the simulation. In a cost accounting class, building airplanes simulates aspects of manufacturing such as process Read More…


Gamification of Lower-Division Accounting Concepts in the Post-Secondary Classroom

Author: Ashley R. Walker, JD MBA, Assistant Professor College of Business, Eastern Oregon University There are several challenges to overcome in a higher education classroom when presenting lower-division accounting concepts. Student engagement is primary among these. Couple the initial challenge of student engagement with the diversity of a post-secondary student body in the business/accounting discipline, and alternate presentations of challenging material become a primary focus for the professor. On the best of days in the classroom, the idea of repetition of debits and credits applied to different account types becomes monotonous for even the most driven of students. This paper Read More…


Drivers Wanted: An Audit Case of Revenue Analysis

Author: Lorraine S. Lee, Associate Professor of Accounting, University of North Carolina This educational case requires students to perform audit steps for an auto dealership’s revenue for the year. Students are provided with electronic working papers that include a summary of the weekly gross margin. By analyzing the transactions associated with automobile sales, students are provided an opportunity to test account balances and to consider potential reasons the balances may deviate from expected values. The case provides students an example of a substantive procedure the auditor can conduct in testing accounts affected by the revenue process. By analyzing the transactions Read More…


Summer 2018 AIR Newsletter

The following articles are featured in the Summer 2018 issue of Accounting Instructor’s Report. Enjoy!         TRENDS & TOPICS  The Relationship between Accounting Students’ Personality, Professional Skepticism and Anticipatory Socialization Belverd E. Needles, Jr., Ph.D., CPA, CMA Editor, Accounting Instructors’ Report (AIR), DePaul University   Creating a Rubric with Specific Tasks: an Effective Strategy for Beginning Accounting Projects Michael J. Krause MS, CPA (NY & IN), Professor Emeritus, Le Moyne College   Balanced and Efficient Summative Peer Evaluation In Group Work in Accounting Education Tom Downen & Steven Leerberg, University of North Carolina Wilmington    A Common-Sense Approach to Teaching Cost Variances: No Cheat Sheets Required Margaret N. Read More…


Knocking Out Student Misunderstandings On Applying Manufacturing Overhead

Authors:

James M Emig, PhD, CPA, Villanova University Robert P Derstine, PhD, CPA, West Chester University Thomas J Grant, Sr., M.B.A., CMA, Kutztown University Many schools schedule managerial accounting after students have completed the financial accounting course. For those students not exactly enamored with their experience in financial accounting, imagine their ‘delight’ in now being forced to take your managerial accounting course. It can be a struggle to get those students to do little more than ‘memorize’ and be satisfied with just surviving the course. Using our combined 125+ years of teaching experience, we have developed ‘tricks and techniques’ to make Read More…


A Common Sense Approach to Teaching Cost Variances: No Cheat Sheets Required

Author:

Margaret N. Boldt, Ph.D., CMA, College of Business, Southeastern Louisiana University This paper presents an alternative way of presenting cost variance calculations that helps students correctly solve typical cost variance problems and focus on the size of the variances rather than the labels of ‘favorable’ and ‘unfavorable’. This method uses three modifications to traditional methods of instruction to avoid some common pitfalls that may lead students to incorrectly perceive unfavorable variances as negative and needing attention while favorable variances are positive and do not need attention. The three suggested modifications to traditional instruction are easily implemented with any existing course Read More…


Balanced and Efficient Summative Peer Evaluation In Group Work in Accounting Education

Authors:

Tom Downen Assistant Professor of Accounting & Steven Leerberg, Graduate Student (alumnus), Cameron School of Business, University of North Carolina Wilmington  As more university courses include group work, the need for student peer evaluation (SPE) grows ever stronger. In fact, students seem to have developed an expectation for group work and for a requirement or opportunity to evaluate their peers. A variety of SPE tools are used, often with different attributes (point scales, elements of evaluation, etc.) These different SPE tools often have varying application in different courses and for different collaborative tasks. This paper presents a brief summary of Read More…