In this paper, we present a visual learning approach to apply the balance sheet concept that students usually learn in the first two weeks of introductory financial accounting course to explain what has happened to our economy since mid-2008. By linking the concurrent events of economic crisis to the balance sheet, more specifically, the accounting equation, we were able to create an excitement in classroom discussion and enrich course materials in the first introductory financial accounting. We were encouraged by the favorable students feedback and comments in making a difficult concept easy to understand, and difficult to forget.

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.

Contributors:
Chuo-Hsuan Lee, School of Business & Economics, State University of New York at Plattsburgh
Mohamed Gaber, PhD, School of Business & Economics, State University of New York at Plattsburgh

Read Using the Balance Sheet Concept to Help Students Understand the Current Economic Crisis.