Abstract This article discusses the three-fold presentation of an accounting problem. The obstacles that confronts a layman eager to attain a good understanding of principles of accounting are limited knowledge of applied business practices, a group of terms, easy of spelling and pronunciation, but difficult of comprehension, a particular mechanism of thought, based upon certain phases of logic and an unavoidable drawing together of the conclusion of a selected example in relation to the probable past and future financial history of the business unit. The principal divisions of a plan proposed consist of – a statement of fact, an accounting interpretation of two parts, journalized form and T-form and observations as may be set out in trial-balance form. The consideration of the three-fold presentation of an accounting problem may depend upon its usefulness as a teaching device in bringing together in concise form certain implied facts and business and accounting relationships and offering a unique method of reviewing in a progressive manner basal principles and materials which form the essence of instruction.

Abstract Effectiveness in teaching, because of the vast amount of material offered in the average course in accounting, may be determined by the approach selected and the material emphasized during a period of instruction. The importance of this statement is the reason that efforts are constantly made to learn of new methods which may in some degree increase the student's general comprehension of the science, as of March 1933. In this article a skeleton-plan consisting of five accounting concepts and detailed explanation of three aspects of the accounting mechanism is presented. The proposed plan is made up of three parts. The first part consists in sketching in the early lectures a general view of the field by aid of five basic concepts which, with adequate refinements, begins with the account and ends with the financial and income statements. The second part consists of intense study of the account, the accounting equation, the accounting records, the accounting period and the work sheet. The third part, which reviews in a general fashion the foregoing, consists of thorough analysis and explanation of the accounting equation, inventories and the adjusting entries section of the work sheet.