Top 5 most confusing things about accounting

At Accounting Cafe we’re discussing how we help our students ❤️ accounting. Accounting terms that we take for granted are confusing for students. Thinking about this in your teaching can make their learning journey that much faster and easier.Here are my top 5 most confusing things about accounting:⁉️ An entity's most valuable assets are rarely… Continue reading Top 5 most confusing things about accounting

The nature of income

Dictionaries, from an accounting perspective, invariably provide an incorrect and conflated definition of income.

Making accounting education fun

Do you think accounting can be fun? Is there a way to make it less boring and more engaging? Do you believe that learning accounting is easy and something everyone can do?

The nature of expenses

Expenses are a perfect illustration of how accounting uses common language in specific and uncommon ways.

Concept maps in Accounting Education

Presentation by Toby York at the TACTYC Virtual Annual Conference 2021 on 15 May 2021 1. Background paper My presentation is based on a draft paper The benefits of concept mapping in accounting education [PDF] which is in three parts. Part one: identifies some common problems with current accounting education practices, drawn mostly from personal… Continue reading Concept maps in Accounting Education

Concept mapping and playful learning through ‘Colour Accounting’

Presentation by Toby York at the Games and Simulations in Accounting and Finance Education ('GSAFE') conference hosted by Aston University on 20 April 2021 The benefits of concept mapping in accounting education My presentation is based on a draft paper The benefits of concept mapping in accounting education, which is in three parts. Part one:… Continue reading Concept mapping and playful learning through ‘Colour Accounting’

There’s no such thing as a “prepayment”

The battle to remove "prepayments" from accounting vocabulary is probably not winnable, but we can help our students by being clear about how we describe them.

Goodwill explained in three words

Goodwill represents those ‘unidentified flying assets’ that can't be individually identified. Goodwill is one of those slippery concepts that accounting students can find confusing.  Accounting for goodwill brings the student in front of a number of difficult questions and misconceptions in accounting, such as the nature of an asset and the different accounting treatment of… Continue reading Goodwill explained in three words

It’s time to kill D-E-A-D C-L-I-C

Maybe mnemonics have their place, but "D-E-A-D C-L-I-C" isn’t one to keep. Let’s kill it off. A friend of mine told me that when she was learning accounting she dared ask why debits increase both expenses and assets. It didn’t make sense to her because debiting expenses appeared to reduce value in the entity and… Continue reading It’s time to kill D-E-A-D C-L-I-C