The Accounting Review Vol. 47 No. 1 1972
An Experiment With a One-Semester Introductory Accounting Course.
Abstract
This article describes an experiment with the curriculum for the introductory accounting course. A necessary complementary objective was an increase in the students' understanding of balance sheet and the relationships between income measurement, the balance sheet, and the funds statement. A corollary objective was a decrease in the reliance on double-entry bookkeeping as the basic method of teaching accounting concepts. A completed venture model was used first to present the basic concept of income determination. In a completed venture, income and cash flow are easily related. Cash receipts and cash disbursements are familiar ideas to most students. Conventional pedagogy begins by explaining income as a change in wealth, or net worth, an explanation which presumes a rather sophisticated definition for assets and liabilities. The course introduces periodic income determination for an on-going entity by using the ideas introduced in the discussion of a completed venture. Cash flows related to operating transactions serve as the foundation for periodic measurement of income.
- DOI
- 10.2308/tar-4487581
- Volume
- 47
- Issue
- 1
- Pages
- 175-177
- Language
- en
- Sources
- openalex crossref