Financial statements are complicated. Students often have trouble seeing the forest for the trees. And instructors tend to focus on the trees.
Students do need to know the trees, of course, but it is also important that students come out of a first-year accounting course understanding the forest, that is, the big picture. Such a viewpoint will be useful to them, whether they are business or accounting majors, in their future courses and careers.
Belverd E. Needles, Jr., Ph.D., CPA, DePaul University