INNOVATION IN TEACHING ELEMENTARY ACCOUNTING.
The university course in elementary accounting taught at the undergraduate level should serve two general purposes: first, to serve as a survey course to the general field of business-to acquaint the student with business terms and practices-to teach a thorough understanding of the theory of accounts-to indicate in as many ways as possible the use which may be made of accounting data in interpreting past results and present conditions and in making changes in policies and procedures to improve results in the future; second, to teach certain techniques of record keeping which will prove useful to the student if the occasion arises when he should find it necessary to keep records of some kind-to instill habits of accuracy, neatness, timeliness, system and order. The balance-sheet form, classifications and understanding of all common terms thereof will also be a part of this first teaching unit. A study of actual balance sheets, published by our larger corporations, will indicate how general practice complies with and is contrary to accepted practice. The ordinary and more common balance sheet ratios and their significance should be introduced at this point. With the completion of this unit of the work by the end of the first half of the first semester, or later, the student will have a vast fund of knowledge of business management, business terms and business organization.
- DOI
- 10.2308/tar-7075774
- Volume
- 11 (1)
- Pages
- 79-82
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref