Using a Business Simulation to Enhance Accounting Education

2013 ◽  
Vol 28 (4) ◽  
pp. 801-822 ◽  
Author(s):  
Richard A. (Dick) Riley ◽  
Ernest R. Cadotte ◽  
Leff Bonney ◽  
Christelle MacGuire
Keyword(s):  
Student Performance ◽  
Teaching And Learning ◽  
Learning Strategy ◽  
Accounting Education ◽  
Accounting Students ◽  
Business Simulation ◽  
Business Professionals ◽  
Embedded Assessment ◽  
Commission Report ◽  
Business Simulations

ABSTRACT This paper presents a learning strategy that demonstrates how integrated business simulations can be used to enhance accounting education. The Pathways Commission report takes a broad view of the accountant's role in society and argues that accountants serve in a variety of capacities, including advising businesses, assisting management in understanding and monitoring operations, and facilitating the efficient and effective deployment of resources, among others. With experience, accountants have a competitive advantage over many business professionals because they embrace numbers and develop solutions to difficult problems for the benefit of their clients and the businesses they serve. Business simulations help accounting students refine that competence by leveraging their affinity for financial and non-financial numbers as well as their willingness to analyze problems in a structured fashion. Simulations also challenge students to work in unstructured situations, developing their tolerance for and appreciation of ambiguity. The learning strategy further demonstrates how the activities described can be used for course-embedded assessment. Student performance is documented by the business simulation and instructor via objective measures as well as rubrics, examples of which are included herein. The compiled data provide within-course and programmatic feedback that can be used to improve teaching and learning outcomes.

scholarly journals An Evaluation Of An Integrated Case Study And Business Simulation To Develop Professional Skills In South African Accountancy Students

2013 ◽  
Vol 12 (10) ◽  
pp. 1137
Author(s):  
Nico Van der Merwe
Keyword(s):  
South African ◽  
Teaching And Learning ◽  
Real Life ◽  
Accounting Education ◽  
Learning Tools ◽  
Business Simulation ◽  
Case Study Method ◽  
Professional Skills ◽  
Business Simulations

One of the most debated topics in extant accounting education literature is that of professional skills. It appears that many universities are failing to sufficiently equip their graduates with the generic professional skills required for the workplace. The case study method and business simulations are two complementary teaching and learning tools that have proven successful in promoting the development and assessment of professional skills in accounting; however, very few existing cases or simulations appear to be integrated across the discipline areas within accountancy. This study aims to contribute to the field in three ways: 1) in aiding to fill the apparent gap in the literature on the usage of inter-disciplinary integrated case studies or simulations, 2) by producing a (hypothetical) case study and business simulation that can be used or adapted by accounting educators to develop and assess professional skills, and 3) by providing some evidence of students experiences (using a questionnaire adapted from a previous study) of such an assignment that can inform the development of future assignments. The findings show that the most obvious benefits of the assignment relate to the perceived level of learning that takes place and the exposure to real-life accountancy practice, as well as the perceived contribution to the development of various professional skills. A significant percentage of students did, however, experience high levels of stress and reported serious time constraints in completing the assignment.

scholarly journals Sustainability in education: An evaluation of a new teaching and learning strategy in chartered accountancy studies – A student perspective

2013 ◽  
Vol 6 (2) ◽  
pp. 285-308 ◽  
Author(s):  
Riëtte De Lange ◽  
Ben Marx ◽  
Alex Van der Watt
Keyword(s):  
Higher Education ◽  
Teaching And Learning ◽  
Learning Strategy ◽  
Education Institution ◽  
Accounting Education ◽  
First Century ◽  
Student Perspective ◽  
Social Landscape ◽  
Educational Perspective ◽  
Economic Imperative

Sustainability has been described as the primary moral and economic imperative of the twenty-first century and one of the most important sources of both opportunities and risks for businesses. From an educational perspective, sustainability could be related to enhancing accurate, reliable and relevant teaching and learning in an ever-changing and evolving educational, economic and social landscape. The objective of the paper is twofold: it aims, firstly, to provide a brief overview of the higher education landscape and drivers for change in accounting education and the need for sustainable teaching and learning; and, secondly, it aims to provide evidence of the implementation of a new teaching and learning strategy in accountancy education programmes at a large SAICA-accredited residential higher education institution. This was done through a literature review and supported by empirical evidence obtained from questionnaires completed by the honours student group in chartered accountancy of the stated institution. The study found that, although initially new to students, the teaching and learning approach was well accepted and eventually created an environment conducive to teaching and learning. It was also found that students marks improved, which resulted in higher throughput rates.

Assessing the Benefit of Student Self-Generated Multiple-Choice Questions on Examination Performance

2020 ◽  
Author(s):  
Marshall A. Geiger ◽  
Mary Middleton ◽  
Maryam Tahseen
Keyword(s):  
General Education ◽  
Student Performance ◽  
Accounting Education ◽  
Accounting Students ◽  
Control Group ◽  
Multiple Choice Questions ◽  
Credit Assignment ◽  
Education Literature ◽  
Examination Performance ◽  
Improve Student Performance

Prior non-accounting research has generally concluded that students obtain performance benefits from self-generating MCQs. We examine accounting students completing an extra-credit assignment to self-generate MCQs and its association with examination performance gains. Using students from a large public and small/medium sized private university, across multiple courses and semesters, we find that while students completing the assignment had significantly greater examination gains than those not completing the assignment, they did not outperform students in the same courses not offered the assignment. We find that these results hold across students of all initial performance quartiles. Our results suggest that prior educational research may overestimate the benefits of MCQ self-generation by not performing appropriate control group comparisons. We provide evidence that voluntary self-generation of MCQs may be a way to identify students seeking to improve their course performance, but in of itself it may not be an effective method to improve student performance on MCQ examinations. Our study contributes to the general education literature by presenting a more robust evaluation of the benefit of student self-generation of MCQs, and to the accounting education literature by being the first study utilizing accounting students to assess the potential benefit of student MCQ self-generation.

Designing Accounting Futures: Exploring Ambiguity in Accounting Classrooms through Design Futuring

2021 ◽  
Author(s):  
Nicholas McGuigan ◽  
Dr. Alessandro Ghio ◽  
Thomas Kern
Keyword(s):  
Design Methodology ◽  
Learning Strategy ◽  
Accounting Education ◽  
Accounting Students ◽  
Collaborative Communication ◽  
Student Centered ◽  
Critical Thought ◽  
Pedagogical Design ◽  
Innovative Process ◽  
The Future

A means in which to facilitate a broader, integrated, and student-centered education is to work across disciplines and embrace new forms of pedagogical design. ‘Design Futuring’, a creative design methodology, stimulates thought, negotiates futures, develops critical thinking, and collaborative communication. This learning strategy paper discusses the innovative process of design futuring using the Double-Variable Method in accounting education to help students examine and think about the future of the accounting profession. Illustrative examples and feedback are provided on how design futuring has been used effectively with accounting students to explore ambiguity and critical thought on the future of accounting and illicit new creative ways forward in accounting education.

The impact of discussion board usage on overall performance in an introductory accounting subject

2016 ◽  
Vol 28 (3) ◽  
pp. 337-358 ◽  
Author(s):  
Abdel K. Halabi ◽  
Jo-ann Larkins
Keyword(s):  
Student Performance ◽  
Discussion Board ◽  
Accounting Education ◽  
Accounting Students ◽  
Teaching Staff ◽  
First Year ◽  
Discussion Boards ◽  
Content Type ◽  
Student Background ◽  
The Impact

Purpose The aim of this paper is to examine the academic performances of first-year accounting students using a discussion board. Design/methodology/approach The paper develops a model to determine the impact of discussion board usage on overall student performance. A number of variables are controlled for including academic aptitude, previous accounting experience, gender and student background. Included in the model are diagnostic information indicators of student use of the discussion board, obtained from the Web-based learning environment tracking reports. Findings The multiple regression analysis shows a positive benefit in terms of greater marks for students who post on the discussion board compared to those who do not post, even after controlling for academic ability. Research limitations/implications The improved knowledge construction gained by actively using discussion boards may be used by teaching staff to promote greater student acceptance and voluntary participation in discussion boards resulting in more interaction and possibly higher academic achievement. Originality/value While technology and WBLEs have been well accepted in accounting education, and are widely used (Watson et al., 2007), the introduction of discussion boards has resulted in a dearth of research on their use and effectiveness. In-depth accounting educational literature reviews (Apostolou et al., 2013, 2010; Watson et al., 2007; Watson et al., 2003; Rebele et al., 1998) have reported very few studies on discussion boards over three decades.

Kesan Strategi Pembelajaran Pengalaman Terhadap Pembangunan Kompetensi: Perspektif Pendidikan Perakaunan

2012 ◽  
Author(s):  
Rohaila Yusof ◽  
Faridah Karim ◽  
Norasmah Othman
Keyword(s):  
Repeated Measures ◽  
Teaching And Learning ◽  
Learning Strategy ◽  
Higher Learning ◽  
Accounting Education ◽  
Control Group ◽  
Competency Development ◽  
Post Test ◽  
Quasi Experimental ◽  
Learning Institutions

Kelemahan graduan dalam mempamerkan kompetensi yang diharapkan terhadap diri mereka menyebabkan banyak pihak yang menuding jari kepada pihak Institusi Pengajian Tinggi (IPT). Inovasi dalam pengajaran dan pembelajaran perlu diberi perhatian sewajarnya agar pembangunan kompetensi pelajar dijadikan sebagai agenda utama. Kajian ini telah menguji keberkesanan strategi pembelajaran pengalaman berasaskan Kitaran Pembelajaran Kolb (strategi KPK) terhadap pembangunan kompetensi dengan menggunakan kaedah eksperimen kuasi. Kajian dijalankan ke atas 145 responden yang terdiri daripada pelajar Kursus Pengantar Perakaunan Kewangan di sebuah IPTA. Responden berada dalam dua kumpulan iaitu 73 dalam kumpulan eksperimen iaitu KPK dan 72 dalam kumpulan kawalan yang mengikuti strategi pembelajaran tradisional. Pengukuran kompetensi dibuat berdasarkan pencapaian pelajar dalam kemahiran kognitif dan tingkah laku. Set ujian serta soal selidik digunakan sebagai instrumen kajian. Analisis data dilakukan dengan menggunakan ANOVA Repeated Measures dan ANOVA sehala. Hasil kajian menunjukkan kumpulan KPK memperoleh pencapaian yang lebih tinggi dalam kemahiran kognitif analitikal serta lima daripada enam dimensi kemahiran tingkah laku yang diukur. Kajian ini memberi implikasi terhadap objektif serta kaedah pengajaran dan pembelajaran kursus perakaunan di IPT. Kata kunci: Pendidikan perakaunan, model Kolb, kompetensi, pengajaran dan pembelajaran di Institusi Pendidikan Tinggi The failure of graduates to perform at expected competency level has moved the attention towards higher learning institutions. Innovation in teaching and learning has to be given a due attention so that competency development becomes the main agenda. This quasi–experimental study was conducted to test the effectiveness of a Kolb–based experiential learning strategy towards students’ competency development. A total number of 145 students were involved in this study of which 73 students were in the experimental group (Kolb Learning Cycle–KLC) and the other 72 in the control group using the traditional learning strategy. The competency measured was based on students’ achievement on the cognitive and behavioural skills. The instruments used in the study consisted of a test and a questionnaire. The data was analysed using the inferential test ANOVA Repeated Measures, one–way and two–way ANOVAs. The results showed that the treatment group obtained higher scores in the post test. The study showed that the KLC treatment was beneficial to the students’ competency development. The results of the study has implications on the learning objectives and teaching methods of accounting courses in IPT. Key words: Accounting education, Kolb’s model of learning, competency, teaching and learning in Higher Learning Institutions

scholarly journals Literature Review: Game Based Pedagogy in Accounting Education

2020 ◽  
Vol 11 (6) ◽  
pp. 165
Author(s):  
Ganga Bhavani ◽  
Anupam Mehta ◽  
Suchi Dubey
Keyword(s):  
Literature Review ◽  
Teaching And Learning ◽  
Curriculum And Instruction ◽  
Radical Change ◽  
Knowledge Bases ◽  
Accounting Education ◽  
Accounting Students ◽  
Comprehensive Literature Review ◽  
Published Paper ◽  
Concentration Levels

The main purpose of this study is to provide the comprehensive literature review in the nexus of accounting games (manual and digital). Students’ expectation for learning concepts is rapidly changing and their concentration levels are decreasing drastically. Students are exposed to various levels of games and activities right from childhood and their expectation of games extended to the education as well. Now, it is the turn of educators to adopt the various concepts of teaching and learning in the mode of activities rather traditional method/s. The discipline of accounting is not an exception to this radical change. Accounting students wants to learn concepts with the help of games, activities either manual or digital. Some researchers developed and executed games in accounting education. Unfortunately, most of the games are not popular and predictable to the accounting educators. It may not be possible to an educator to invent a game for all the concepts all the time to present in the class. The current study explores all articles on Accounting games pedagogy (manual and digital) published in prominent A*, A and B category Accounting journals of ABDC (2019) list (53 Accounting Journals) during 15-year period i.e. from 2005-2019. Articles from these journals are categorized into five sections corresponding to traditional knowledge bases: (1) Curriculum and instruction (2) Instruction by content area (3) Educational Technology (4) Students (5) Faculty. We aim to support the Accounting educators to take a quick reference of our article to get an insight on available games before going to the class. We tried our best to present the details of games & activities as much deeper as possible for the ready reference but in case educators look for more information, they can always refer the original published paper.

scholarly journals Utilising SATA in Measuring Students’ Understanding of Financial Statements: A Survey among Non-Accounting Students

2020 ◽  
Vol 12 (1) ◽  
pp. 24-33
Author(s):  
Adriana Shamsudin ◽  
Nur Farahah Mohd Pauzi ◽  
Mohd Syazwan Karim ◽  
Nurfarahin Roslan ◽  
Khairiah Ahmad
Keyword(s):  
Financial Performance ◽  
Teaching And Learning ◽  
Business Plan ◽  
Financial Statements ◽  
Accounting Education ◽  
Accounting Students ◽  
Financial Position ◽  
Hands On ◽  
Complicated Process ◽  
Accounting Terms

Accounting is perceived as a complicated process due to its technical difficulties. However, accounting knowledge is undeniable essential to complete a business plan. The ‘Simplified Accounting Template for Apprentice’ (SATA) is developed to facilitate students especially non-accounting students who have very little accounting knowledge in preparing proforma financial statements at the financial section in the business plan. SATA act as integral part of technology used in accounting education to improve students’ understanding on accounting and help them to complete the business plan. The objective of this paper is to access the level of students’ understanding on accounting with the introduction of SATA in teaching and learning which finally can assist them to prepare financial statements. A hands-on workshop was conducted by accounting lecturers in UiTM Malacca Branch Jasin Campus on SATA to assist the students in completing the business plan for financial section. A questionnaire was given at the end of the workshop to the students to gather their feedback related on SATA and give their perceptions using SATA in preparing financial statements. This study found that more than 80% respondents admitted that SATA improved their understanding on accounting terms such as terms of non-current assets, non-current liabilities, sales, purchases, 85% agreed that SATA took lesser time to prepare financial statements, 90% found that SATA was very easy to use as compared to manually prepared the financial statements and facilitates in analyzing financial performance and 91% agreed that SATA really help them in completing their business plan particularly in financial section. On overall most of respondents admitted that SATA increase their understanding in preparing financial statements. This study also revealed that most of the respondents understand the component of Statement of Profit or Loss and Statement of Financial Position embedded in SATA. 

PENGARUH MOTIVASI, KREATIFITAS, DAN MENTALITAS TERHADAP PENDIDIKAN AKUNTANSI PADA PERGURUAN TINGGI SWASTA DI KOTA PADANG

2013 ◽  
Author(s):  
Lisa Fitriani Rahman
Keyword(s):  
Hypothesis Testing ◽  
Private Universities ◽  
Sampling Technique ◽  
Accounting Education ◽  
Accounting Students ◽  
Primary Data ◽  
Accounting Curriculum ◽  
Accounting Courses ◽  
Almost All ◽  
The City

Accounting education is taught in some private universities has impressed as stagnant knowledge, mechanical, and oriented material that causes a lot of students in general become saturated in the learning process. In Indonesia at several universities, almost all accounting courses little or no charge to enter the motivation, creativity, and mentality in the accounting curriculum-based motivation, creativity, and mentality can only he done well when formulated in a more complete firm of the curriculum. Therefore, this study examines the effect of motivation, creativity and mentality in accounting education to obtain empirical evidence. In this study using primary data obtained through questionnaires from a list of questions posed to accounting students in private universities in the city of Padang. The sample in this study was conducted with a purposive sampling technique where the sampling method was based on certain criteria, namely : involving student participants who majored in accounting class of 2010, 2011, and 2012 who had studied the sciences and overall accounting associated with accounting. Testing the hypothesis of this research is conducted with multiple regression analysis. The first hypothesis testing results found that motivation does not significantly influence accounting education in private universities Padang. The second hypothesis testing results found that creativity significantly influence accounting education in private universities Padang. The third hypothesis testing results found that significantly influence the mentality of accounting education in private universities Padang.

USING A WHITE-COLLAR PROFESSION IN ACCOUNTING COURSES: APPROACHES TO ADDRESSING DIVERSITY

2006 ◽  
Vol 33 (1) ◽  
pp. 25-52 ◽  
Author(s):  
William D. Samson ◽  
Cheryl L. Allen ◽  
Richard K. Fleischman ◽  
Ida B. Robinson-Backmon
Keyword(s):  
African American ◽  
Role Models ◽  
White Collar ◽  
Thinking Skills ◽  
Critical Thinking Skills ◽  
Accounting Education ◽  
Accounting Students ◽  
Accounting Profession ◽  
History Of ◽  
The Individual

Accounting educators no doubt agree that diversity is an important and much neglected part of accounting education. They further recognize that it is difficult to incorporate this important topic into the accounting curriculum. This paper describes the efforts of various professors to expose business and accounting students to the evolution of diversity issues related to the accounting profession by using the book A White-Collar Profession [Hammond, 2002]. A White-Collar Profession: African-American CPAs Since 1921 is a seminal work which presents a history of the profession as it relates to African-American CPAs and documents the individual struggles of many of the first one hundred blacks to become certified. This paper describes efforts of faculty at four different colleges to utilize this book in their teaching of accounting. Instructors found that students not only developed an enhanced awareness about the history of the accounting profession, but that other educational objectives were advanced, such as improved communication and critical thinking skills, increased social awareness, and empathy for others. African-American students, in particular, embraced the people in the book as role models, while most every student saw the characters as heroic in a day when the accounting profession is badly in need of role models and heroes. This is encouraging given the profession's concern with diversity and the attention and resources directed at increasing the number of minorities entering the profession.

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