ACE Accreditation

0 of 11 lessons complete (0%)
Exit Course

Meeting 10: Feedback and reflections

You don’t have access to this lesson

Please purchase this course, or sign in if you’re already enrolled, to access the course content.

6 responses to “Meeting 10: Feedback and reflections”

  1. Anna Poole
    Anna Poole

    Thanks Accounting Cafe team. Great content and yes accounting can be fun and joyful. Hoping to get out there and start sharing the fun & joy 🙂

  2. helen shephard
    helen shephard

    Thank you for an really informative course with lots of really good student activities to help get them engaged. I now have a plan for how I am going to run this in my college as an extra curricular activity for those students interested in an accounting and finance pathway.

  3. Alison Mclean
    Alison Mclean

    thanks for the training – will be running this as an extra curricular next year – how do we order the packs for the kids?

    1. Toby York
      Toby York

      Hi Alison – I’ll send you an email with instructions about ordering materials.

  4. Swati Shukla
    Swati Shukla

    I have learned how to introduce accounting concepts to novice learners in a more accessible way. It was particularly interesting to avoid using traditional terms like “debit” and “credit,” and instead rely on simple explanations supported by the use of two different colours.
    The concept of the “entity” is especially important. Using the pineapple example is a great way to clarify who is telling the story. Incorporating storytelling makes the learning experience more engaging and memorable.
    One suggestion I’d like to make is regarding the calculation of Cost of Goods Sold. I believe it would be helpful to have this calculation done separately—perhaps using a different bucket or area outside the base board—so that only the final figure is entered onto the board. This separation is important, as the concept can be confusing if all the steps are done directly on the base board. Presenting the calculation step by step, in a clear and structured way, would help learners grasp it more effectively.

    1. Toby York
      Toby York

      Thanks for the feedback Swati and I’m so glad the course was helpful.

      I assume by “calculation of Cost of Goods sold”, you are referring to the periodic method of accounting for inventory (Opening inventory + Purchases – Closing inventory). If so, I agree that this is a very confusing concept for students. It’s one of the reasons we use the perpetual method of accounting for inventory: reduce inventory/increase cost of sales. This is simpler, conceptually coherent and more logical. Also, other than very specific sectors (such as small businesses and restaurants), far more common than the periodic method.

      For Accounting Clubs in Schools, I strongly suggest not bothering students with the periodic method. If you have cohorts that must learn the periodic method, then yes, I agree with you – show a calculation separate from the BaSIS Board.

Leave a Reply

Menu