Accounting is not just bean counting

A Yapanese fei stone

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

New to teaching accounting?

LArge lecture hall with students

This course is for you if you're new to teaching accounting in higher education, or are perhaps considering a career move to accounting education. It's designed to provide friendly support and to help you take the next steps in building your career, improve your teaching and engaege your students. The course is packed with advice,… Continue reading New to teaching accounting?

More tips on teaching measurement

Image by Mahesh Patel from Pixabay  Accounting students are understandably keen to put numbers next to everything. But often our students don’t understand why and how numbers are attached to words in financial statements.  IFRS uses the term ‘measurement’ (rather than ‘valuation’) to describe the process of quantifying resources and obligations. Measurement allows us to describe resources and… Continue reading More tips on teaching measurement

From unrequited love to sleeping with the enemy

This Accounting Cafe online seminar on 25 March 2022 explored the future relationship between universities and the professional accounting bodies. Our guests argued that to protect the future of accounting education a new social partnership is necessary between universities and the professional accounting bodies. A significant problem is the current accreditation system which constrains accounting… Continue reading From unrequited love to sleeping with the enemy

Measurement

Image by Inactive_account_ID_249 from Pixabay  Accounting students are understandably keen to put numbers next to everything. But often our students don’t understand why and how numbers are attached to words in financial statements.  IFRS uses the term ‘measurement’ (rather than ‘valuation’) to describe the process of quantifying resources and obligations. Measurement allows us to describe resources and obligations… Continue reading Measurement

Innovations in accounting education

Accounting Cafe online seminar on 17 February 2022 This Accounting Cafe seminar was hosted by Susan Smith, an innovative and prize-winning accounting educator and Associate Dean at University of Sussex Business School. Here are 50 minutes of ideas and practical suggestions to help you to deliver innovative accounting teaching, learning and assessment. This is followed… Continue reading Innovations in accounting education

Embedding a single company case in an IFRS course

Alice Shepherd is an Associate Professor of Accounting and Finance at Leeds University Business School, Senior Fellow of the Higher Education Academy, and an award winning teacher with specialised knowledge of online and distance learning. https://videopress.com/v/6ZTnlr7W?resizeToParent=true&cover=true&posterUrl=https%3A%2F%2Faccountingcafe.org%2Fwp-content%2Fuploads%2F2021%2F12%2Fshepherd-alice_interview_20211210-1_mp4_std.original.jpg&preloadContent=metadata Alice Shepherd talks to Accounting Cafe Course context The cohort is approximately 200 students and the module is delivered… Continue reading Embedding a single company case in an IFRS course

Working capital is widely misunderstood

Accounting framework showing components of working capital

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

Phenomenon-based learning

Liz Marsalnd

Accounting Cafe online seminar on 19 November 2021 Liz Marsland, Queensland University of Technology (45 mins) Liz Marsland is a trailblazer in phenomenon-based learning. She unpacks the methods, the challenges and the benefits to students and teachers in using this multi-disciplinary approach that has wide application across subject areas and throughout educational levels. Elizabeth Marsland,… Continue reading Phenomenon-based learning

The nature of equity

A pictorial presentation of a balance sheet showing assets of £50,000, liabilities of £30,000 and equity of £20,000.

Of the five financial statement elements, equity is the most mercurial. In part, because it's a function of recognised assets less recognised liabilities, simply expressed in this form of the accounting equation. Assets – Liabilities = Equity (net assets) It’s this residual aspect of equity that makes balance sheets balance. They balance because equity is… Continue reading The nature of equity