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Accounting Instructors’ Report, Summer 2016: Table of Contents

The following articles are featured in the SUMMER 2016 issue of the Accounting Instructors’ Report: TRENDS
Guidelines for Writing Multiple-Choice Items
Belverd E. Needles, Jr., Ph.D., CPA ARTICLES
The Integration Of Fraud Examination Concepts Into Introductory Accounting Courses
Phyllis Belak, CPA, CFE
West Chester University of Pennsylvania
Lori Fuller, Ph.D., CPA
West Chester University of Pennsylvania
Kevin Flynn, Ph.D., CPA
West Chester University of Pennsylvania Accounting Teams: Are Peer Evaluations Too Generous?
Laura Rickett, Ph.D., C.P.A.
Cleveland State University
Deborah Smith, Ph.D., C.P.A.
Cleveland State University TEACHING TECHNIQUES
Teaching Aid-Exploring Accounting and Reporting Alternative for the Inventory LCM Procedure
Kennard Read More…


AIR Summer 2016 Needles Trends

“Today, most first-year accounting teachers rely on the electronic test banks provided by publishers rather than making up their own examinations. How do we know how good these questions are? Most of us do not ask. But it is an important question. My recommendation is to apply the criteria below to a sample of questions from the publishers test bank. This article is from the Accounting Instructor’s Resource, an electronic journal that provides teaching tips and insights to those who teach accounting and other business courses.” Author: Belverd E. Needles, Jr., Ph.D., CPA, DePaul University

»Read “Guidelines for Writing Multiple-Choice Items

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Teaching Aid-Exploring Accounting and Reporting Alternative for the Inventory LCM Procedure

“There are many interesting theoretical and practical issues surrounding the application of the lower of cost or market (LCM) procedure in the valuation of inventories. These issues include the mechanics of recording the reduction in inventory value and the presentation of the effect in the financial statements. The purpose of this paper is to explore these issues in greater depth than is typically done in most intermediate accounting textbooks. In addition, an Excel spreadsheet is provided which can be used to help the student understand the issues involved. This article is from the Accounting Instructor’s Resource, an electronic journal Read More…


The Integration Of Fraud Examination Concepts Into Introductory Accounting Courses

“Fraud is a pervasive problem in our society affecting both the personal and professional lives of individuals. Education is the best tool to deter fraud. The informed student should possess the skills and knowledge required to prevent, identify, and properly address fraud. Fraud Examination courses are offered at the undergraduate and/or graduate levels at many colleges and universities. Ultimately, Fraud Examination should be a required course for all business
majors. Since this is not the case, it would be beneficial for students to be taught fraud basics in the initial accounting courses that are compulsory to all business Read More…


Revenue Recognition of Upfront Fees Under ASU No. 2014-09

“Historically, revenue recognition was based on the revenue recognition principle. Under this principle, revenue would be recognized when the earnings process was complete and the party providing the good or service had a reasonable assurance of collection. Due to significant complexity with multi-year contracts and transactions that involved the transfer of several different products or differing services, a new approach has been developed as presented in accounting standard update No. 2014-09. As of December 2016 this new standard applies to all public companies who issue reports under US GAAP and is expected to be tested on the Uniform Read More…


Accounting Teams: Are Peer Evaluations Too Generous?

“University instructors often incorporate team projects into the college curriculum and some instructors utilize peer evaluations where students evaluate their teammates’ performance on the project (Takeda and Homberg, 2014). These evaluations allow the instructor to assess the contribution of individual team members. We provide valuable insight into a student’s perception of their teammates based on the results of peer- and self-evaluation surveys. How do students rank themselves against their peers? Are students overall generous or harsh with their evaluations? Are slackers identified? Are there differences in the perceptions of students based on gender? We gather peer evaluations from four Read More…


Mobile Devices in the Accounting Classroom

Rapid improvements in technology have changed the role of accounting professionals. They are no longer just number crunchers. Instead, they are business professionals involved in a wide range of business services (Boyce, 1999). Spreadsheet, tax, and accounting software programs have decreased the amount of time spent on gathering, recording, and processing data and increased the amount of time available for more complex professional services such as financial planning, fraud investigation, and consulting. Technology has increased the demand for immediate access to information and will continue to change the way information is provided to and used by accounting professionals (Albrecht and Read More…


Spring 2016 Needles Trends: Groups in Intro Accounting

As educators, we must adapt to the trends that affect our students’ lives and careers. An overwhelming trend today is the trend toward work and study in groups. As business and technology becomes more global and complex, the business world has come to rely more on use of teams or groups. One study published recently in the Harvard Business Review (February, 2016) found that the time spent by managers and employees in collaborative activities has ballooned by 50 percent or more over the past two decades and that at many companies, more than three-fourths of an employees’ day Read More…


Tips to Flip the Classroom

The costs and benefits of the flipped classroom have been heavily debated in both general educational research as well as research in specific disciplines (e.g. accounting education). For flipped classroom learning to work, it cannot be an effort by one instructor in one section of a course. A successful flipped classroom has to be a department or school wide effort led by Deans and Department Chairs where faculty work collaboratively to assure that students are taught the skills to learn in this format, starting with the introductory accounting course. This article discusses best practices, which allow a flipped classroom Read More…


Bonds Issued Between Interest Payment Dates: A Student Project

Generally accepted accounting principles (GAAP) require that bonds issued by a company be amortized using the effective interest method, unless the straight-line method is not materially different (Accounting Standards Codification 835-30-35). Intermediate accounting textbooks make this point clear and examples, exercises and problems are consistent with that requirement. That is, until the topic moves to bonds that have been issued after the intended issue date or between interest payment dates and therefore interest has accrued. When the topic of bonds issued between interest payment dates is addressed, the examples suddenly and inexplicably begin adopting the straight-line method. The reasons Read More…