Putra Salamanis board game: the game of bookkeeping for fundamental financial accounting learning

2021 ◽  
pp. 1-19
Author(s):  
Aslam Izah Selamat ◽  
Siti Manisah Ngalim
Keyword(s):  
Financial Accounting ◽  
Board Game

scholarly journals Extending The Use And Effectiveness Of The Monopoly® Board Game As An In-Class Economic Simulation In The Introductory Financial Accounting Course

2017 ◽  
Vol 10 (2) ◽  
pp. 75-80 ◽  
Author(s):  
Stephen B. Shanklin ◽  
Craig R. Ehlen
Keyword(s):  
Learning Experience ◽  
Financial Statements ◽  
Financial Accounting ◽  
Accounting System ◽  
Board Game ◽  
Robust Learning ◽  
Accounting Practice ◽  
Extended Approach ◽  
Economic Simulation

This paper extends the use of the Monopoly® board game as an economic simulation exercise designed to reinforce an understanding of how the accounting cycle impacts the financial statements used to evaluate management performance. This extension adds elements of debt not previously utilized to allow for an introduction of the fundamentals of ratio analysis at a foundation level in financial accounting instruction. This extended approach uses the rules and strategies of a familiar board game to create a simulation of business and economic realities, which then becomes an effective, interactive, in-class financial accounting practice set. The unique combination of each player’s skill and luck provides for unlimited outcome possibilities, delivering an interpretive result that students can neither predict nor easily manipulate. This pedagogical approach serves to provide students with a sense of proprietorship in the activities of the instruction and fosters a competitive spirit to succeed in class activities that will ultimately be presented to the entire class. While the instructor surrenders a significant level of control in the class exercise, the uniqueness of each Monopoly® team’s game results requires active engagement in-class and additional individual effort on the follow-up assignments outside the classroom. In the previous use of the Monopoly® board game, the class activity provided a valuable parallel for reality in practicing the financial accounting cycle and emphasizing its use by external parties. Because of the dynamic sense of capturing the “real-time” aspect of the game into finished financial statements for analysis, students start to sense a greater appreciation for the role that accounting cycle activities play in business reporting and the assessment of operating results. Using the Monopoly® board game in the first course in financial accounting tends to generate a higher level of competitive energy in the classroom experience, with more actively engaged students grasping the nature and purpose of the financial accounting system more quickly and actively than with other pedagogical approaches previously used. More recently, using Microsoft Excel to reflect the game results and present the financial statements has added to the robust learning experience achieved by incorporating the Monopoly® board game. 

scholarly journals Using The Monopoly Board Game As An In-Class Economic Simulation In The Introductory Financial Accounting Course

2007 ◽  
Vol 4 (11) ◽  
Author(s):  
Stephen B. Shanklin ◽  
Craig R. Ehlen
Keyword(s):  
Financial Statements ◽  
Financial Accounting ◽  
Accounting System ◽  
Board Game ◽  
Active Engagement ◽  
Accounting Practice ◽  
Accounting Courses ◽  
Lack Of Control ◽  
Economic Simulation ◽  
Individual Effort

This paper discusses using the Monopoly® board game as an economic simulation exercise to reinforce an understanding of how the accounting cycle impacts financial statements used to evaluate management performance. This approach uses the rules and strategies of a familiar board game to create a simulation of business and economic realities, which then becomes an effective in-class financial accounting practice set. The unique combination of each player’s skill and luck provides for unlimited outcome possibilities, delivering an interpretive result that cannot be predicted. This provides the students with a sense of ownership and “their own business” activities to record and present in class. While there is a definite lack of control over homework assigned by the instructor, the uniqueness of each Monopoly® team’s game results requires active engagement in class and individual effort on the assignments outside the classroom. The game establishes a valuable parallel for reality in practicing the financial accounting cycle and emphasizing its use by external parties. Because of the dynamic sense of capturing the “real-time” aspect of the game into finished financial statements for analysis, the students start to sense a greater appreciation for the role that accounting plays in business. This makes the first course in financial accounting move more quickly, and students appear to grasp the nature and purpose of the financial accounting system more readily and actively than with other pedagogical approaches previously used. This tends to offset the generally negative reputation of financial accounting courses on campus and also creates positive buzz about the principles of accounting class for students who must take it as a required course.

Addressing the AICPA core competencies through the usage of the monopoly™ board game

2019 ◽  
Vol 32 (2) ◽  
pp. 166-180
Author(s):  
Rania Mousa
Keyword(s):  
Learning Outcomes ◽  
Undergraduate Students ◽  
Core Competencies ◽  
Core Competency ◽  
Accounting Education ◽  
Financial Accounting ◽  
Board Game ◽  
Content Type ◽  
Course Content ◽  
Computer Knowledge

Purpose The purpose of this paper is to examine the learning outcomes of students enrolled in an introductory financial accounting course through their experience of playing the Monopoly™ board game and map those outcomes to a selected number of individual competency types addressed in the AICPA Core Competency Framework. Design/methodology/approach A longitudinal qualitative analysis was performed to analyze self-reported learning outcomes collected from undergraduate students enrolled in an introductory financial accounting course. Content analysis and participant observations were utilized to inform the analysis process and derive research findings. Findings The findings reveal a connection between the learning outcomes and a selected number of individual competency types addressed in the AICPA Framework. The findings also reemphasize the importance of utilizing some of the basic functions and features of Excel to augment foundational financial accounting knowledge and enhance professional skills. Originality/value Although the use of board games in accounting education was examined in prior research, this paper provides an empirical evidence on the alignment of self-reported learning outcomes of a popular board game to a notable profession-driven framework. In addition to bridging a potential gap between the accounting education and profession, this study informs academics as to the implications of engaging students in a class activity that applies basic financial accounting and computer knowledge.

scholarly journals Using The Monopoly Board Game As An Efficient Tool In Introductory Financial Accounting Instruction

2007 ◽  
Vol 3 (3) ◽  
pp. 17-22 ◽  
Author(s):  
Stephen B. Shanklin ◽  
Craig R. Ehlen
Keyword(s):  
Positive Reinforcement ◽  
Business Students ◽  
Accounting Information ◽  
Financial Accounting ◽  
Business Activity ◽  
Board Game ◽  
Economic Perspective ◽  
Efficient Tool ◽  
Use Of Time ◽  
Undergraduate Business Students

This paper discusses the use of the Monopoly board game as a tool to contrast the concept of income from an economic perspective with the financial accounting (GAAP) concept of income. This approach is used in a principles of accounting course to make more efficient use of time in an environment where only one academic term is devoted to presenting basic financial accounting concepts. The use of an engaging and unusual medium early in the principles course helps students build confidence and provides positive reinforcement of understanding in a course that undergraduate business students do not always enjoy. The board game medium allows for a simple presentation of some of the differences in economic and accounting definitions of income. Further, it provides a familiar economic simulation of business activity that saves time in demonstrating the value of accounting information from the users perspective.

Pengakuan Pendapatan dan Biaya dalam Kaitannya dengan Penentuan Laba Perusahaan Ekspedisi (Studi Kasus pada PT. EMKL Jelutung Subur)

2019 ◽  
Vol 6 (1) ◽  
pp. 1
Author(s):  
Yuli Anwar
Keyword(s):  
Accounting Standards ◽  
Financial Accounting ◽  
Recognition Method ◽  
Important Thing ◽  
Storage Service ◽  
Long Time ◽  
Accrual Basis

Revenue and cost recognitions is the most important thing to be done by an entity,  time and the recognition method must be based on the rules from Financial Accounting Standards. Revenue and cost recognition which is done by PT. EMKL Jelutung Subur located on Pangkalpinang, Bangka Belitung province is done by using the accrual basis, and it can be seen with its influences to company profits every year.  This research is useful to get a data and information for preparing this thesis and improving my knowledge and also for comparing between theories accepted against facts applied in the field.  The result of this research shows that PT. EMKL Jelutung Subur has implemented one of the revenue and cost recognition method (accrual basis) continually, so that profit accuracy is accountable to be used for developing this kind of expedition business in order to become a better company. The accuracy is evaluated because all revenues received and cost spent  have clear evidence and found in the period of time.  The evaluation shows there is one thing that miss from revenue and cost recognition done by PT. EMKL Jelutung Subur, that is charge to the customers who use the storage service temporary, because some customers keep their goods for a long time in the warehouse, and it will increase the costs of loading, warehouse maintenance, damaged goods and decreasing a quantity of goods. If the storage service is charged to the customers, PT. EMKL Jelutung Subur will earn additional revenue to cover all the expenses above

Putting the Pieces Together – Using Image Processing to Identify Board Game Components

2018 ◽  
Author(s):  
Katherine Bollinger ◽  
◽  
Chadwick Baker ◽  
Falih Ahmad ◽  
John Ventura ◽  
...  
Keyword(s):  
Image Processing ◽  
Board Game

Students’ Experience in Learning Accounting via Open and Distance Learning (ODL)

2020 ◽  
Vol 7 (1) ◽  
pp. 29-40
Author(s):  
Nur Syafiqah Hussin ◽  
Naqiah Awang ◽  
Farah Husna Mohd Fatzel
Keyword(s):  
Distance Learning ◽  
Traditional Classroom ◽  
Financial Accounting ◽  
Way Of Life ◽  
Internet Connection ◽  
New Material ◽  
The Subject ◽  
Open And Distance Learning ◽  
Catch Up ◽  
Almost All

Covid-19 is an unprecedented crisis that has affected almost all industry players including education. It has transformed our way of life and introduced a new normal to how things are done. As an effort to contain the outbreak of pandemic Covid-19, universities have shifted to online learning. In line with this, Universiti Teknologi MARA (UiTM) has decided to execute open and distance learning (ODL) for the current semester until 31 December 2020. ODL introduces a different learning environment as compared to the traditional classroom that requires students to be self-reliant in learning new things. Hence, the purpose of the study is to explore students’ experiences in the process of knowledge transfer through ODL specifically for accounting subjects. A questionnaire was distributed to students who were taking the subject of Introduction to Financial Accounting and Introduction to Cost Accounting in UiTM Pahang Kampus Raub and a total of 206 responses were received. The study found over half of the students enjoy learning through ODL but only one-third were looking forward to having ODL for the next semester. Poor internet connection is the main reason found in the study that makes ODL not preferred by the students. At the same time, few features were highlighted by the students about ODL such as the advantage of pre-recorded video to catch up the new material and flexibility for them to learn at their own pace.

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