A community for accounting learners and educators
This isn't the kind of money you can bend down to pick up. Fei stones. Image © Wikipedia, CC BY-SA 3.0, Original file This is a brief introduction to the nature of money and its relationship with accounting. It’s not comprehensive, but it's a fun way to introduce accounting to a new audience: ice-breakers, introductory… Continue reading Accounting is not just bean counting
On 7 December 2021, Colin Leith and Toby York hosted an introductory seminar to a free online course for Level 3 teachers called “Teach accounting with confidence”. Colin Leith and Toby York outline the course content and the teaching and learning strategies Colin Leith is Economics, Business and Esports Subject Advisor at Pearson Education and… Continue reading Teach accounting with confidence
Working capital is a widely used but often misunderstood term. To teach it well, the term needs careful scrutiny. The problem starts, as it usually does, with language. “Working” isn’t helpful—we don’t have non-working capital, but working capital suggests that it works and the rest of capital doesn’t. “Capital” is ambiguous and slippery—if you hear… Continue reading Working capital is widely misunderstood
Photo by Sherise VD on Unsplash 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… Continue reading Top 5 most confusing things about accounting
Dictionaries, from an accounting perspective, invariably provide an incorrect and conflated definition of income.
Photo by Krisztina Papp on UnsplashA retailer has recognisable rights to its retail units even though it does not own the shopping centre. The elements of financial statements are the building blocks of financial statements. If your students understand what the elements are then they have a good basis for understanding how events are reported… Continue reading The nature of assets
Paul Jennings gives some tips on how to explain the nature of depreciation.
This is a hugely rewarding activity that can be rolled out easily. Accounting Cafe in schools, anyone? I have been running an “accounting club” for a group of sixth formers at my local community school for a couple of years (lately interrupted by lockdown). It sounds unlikely, but students gave it a 96% approval rating… Continue reading With your help Accounting Cafe can be active in your local school
Supply chain finance is making the news for all the wrong reasons. Although it is a centuries old form of finance, it has played a part in the demise of Abengoa, NMC, Carillion and most recently, Greensill. Here is a simple slide that explains the basic concepts behind factoring and supply chain finance. Download a… Continue reading Supply chain finance