AIR Winter 2016

Accounting Instructors’ Report, Winter 2016: Table of Contents

TRENDSThe Big Picture: Accounting Education In The 1980s And Its Relevance For Today
Belverd E. Needles, Jr., Ph.D., CPA ARTICLES Teaching Intermediate Accounting: FASB’s Simplification Initiative
Dr. Thomas H. Oxner University of Central Arkansas
Dr. Karen M. Oxner University of Central Arkansas “The Effect Of Using Software To Teach The Accounting Cycle In An Introductory Accounting Course
Janean S. Kleist, Ph.D., CPA College of St. Benedict and St. John’s University
Michelle Li-Kuehne College of St. Benedict and St. John’s University “Supplemental Instruction (Si): An Academic Support Program
Jim Goldstein, Canisius College
Paul Sauer, Canisius College “Read More…


Teaching Intermediate Accounting: FASB’S Simplification Initiative

In June 2014, the Financial Accounting Standards Board (FASB) announced a Simplification Initiative with two related goals: reduce unnecessary complexity of financial reporting and improve (or at least maintain) its decision usefulness. Unlike many accounting pronouncements, most of these simplification projects are limited in scope and relatively short in duration (FASB 2014). Due to publishing cycles, Intermediate Accounting textbooks may not include these changes, although accounting professors should include them in their course materials. The purpose of this article is to highlight Simplification Initiative updates which are relevant to Intermediate Accounting I and/or II, as well as provide a Read More…


The Effect of Using Software to Teach the Accounting Cycle in an Introductory Accounting Course

Faculty are increasing their use of technology to deliver content inside and outside of the classroom. Millennial college students embrace technology and enjoy variety in their classroom experiences. As suggested by Jeff Nevid in his paper, Teaching the Millennials, “One way of adapting the classroom is to integrate technology as a learning tool, not as a replacement of effective teaching.” Our department implemented Solid Footing accounting software in our introductory accounting course to further students’ understanding of the accounting cycle. To investigate the effectiveness of Solid Footing, we examined 12 years of data to assess the accounting software’s impact Read More…


Supplemental Instruction (SI): An Academic Support Program

Supplemental Instruction (SI) is an academic support program that targets challenging courses through voluntary peer-led group sessions outside the classroom. Given the proven success of SI, it is important that instructors understand how to increase student participation in the program. This paper examines the results of Goldstein et al. (2014), which was the first study to analyze factors that lead to student participation in SI programs for introductory accounting courses. Our purpose in doing so is to provide accounting instructors practical strategies to increase SI participation. It also extends the work of Goldstein et al. (2014) by introducing Read More…


Advice for College Students and Faculty on the New CPA Exam

Beginning with the April 2017 testing window the CPA exam will undergo significant changes, predicted to make the exam more difficult and test higher levels of learning and application than the current CPA exam, but also provide a more accurate measure of whether CPA candidates are ready for a career in accounting. These changes will pose a challenge to students seeking to pass the exam, but provide accounting faculty and accounting programs an opportunity to adjust course delivery and learning objectives to effectively close gaps between education, the CPA These changes will pose a challenge to students seeking to Read More…


Accounting Instructors’ Reports: Winter 2017 Trends

Sometimes in teaching beginning accounting, we focus so much on the nuts and bolts of financial statements, recording transactions, and learning the accounting standards that we forget to put the topic in the context of students careers. Students in their twenties will likely spend 35 years or more in the workforce. If they are successful they will reach positions of substantial authority in industry or public accounting in 10 or 15 years. Their world will look very different than the one that most of we instructors faced when we were of similar age. In the recent years, I have Read More…


Accounting Instructors’ Report, Winter 2016: Table of Contents

The following articles are featured in the WINTER 2016 issue of the Accounting Instructors’ Report: TRENDS Teaching The Interaction of Financial Statements
Belverd E. Needles, Jr., Ph.D., CPA
Marian Powers, Ph.D. ARTICLES Reflections on the Accounting Degree and Career Opportunities
Raymond J Elson, DBA, CPA
Professor of Accounting
Langdale College of Business
Valdosta State University Susanne O’ Callaghan, PhD, CPA, CIA
Professor of Accounting
Lubin School of Business
Pace University John P. Walker, PhD, CPA
Professor of Accounting
Queens College- CUNY More Than Just Fundamentals: Professionals in Principles
Biagio Pilato
St. John’s University Mark M. Ulrich
St. John’s University TEACHING CASE Read More…


More than Just Fundamentals: Professionals in Principles

The challenge of every educator is to foster a learning environment that is engaging, meaningful, and relevant. As educators we should be ever mindful of who are students are and how to best connect with them to promote deep learning and retention of the subject matter being taught.

The students we teach today, desire something other than the formality of the traditional classroom and delivery mode. They want a more interactive learning experience not just the old-fashioned lecture model. Read More…


Reflections on the Accounting Degree and Career Opportunities

Accounting courses are often taught in silos at colleges and universities and students are not aware of their integration. Accounting instructors are in a unique position to help students ‘connect the dots’ and obtain a better understanding of the accounting program and discipline.

Accounting instructors can then guide students throughout the program by discussing course integration, career opportunities, and keys to success. This discussion should begin in the introductory accounting courses to attract students to the major, and in upper level courses to help accounting majors create or develop career paths.
This project was developed to help instructors achieve this goal. Read More…


A Systematic Method of Preparing a Direct Materials Budget

Students enrolled in principles of accounting courses often struggle with budgeting concepts. For the majority of these students, this is their first introduction to budgeting and many of them are currently finding it challenging to manage their own personal budgets. Understanding budgeting in a manufacturing setting increases the level of difficulty due their lack of familiarity with the manufacturing process. Read More…