1 / 32

Reinventing the Introductory Accounting Course

Reinventing the Introductory Accounting Course. C andy Bianco Cristi Lindblom Mary Marcel Karen Osterheld Bentley University Waltham, MA. Preview. Revision of General Business Core Integrating Accounting and Finance Unique aspects of the Course Sequence Academic Support Survey Results

kathie
Download Presentation

Reinventing the Introductory Accounting Course

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Reinventing the Introductory Accounting Course Candy Bianco Cristi Lindblom Mary Marcel Karen Osterheld Bentley University Waltham, MA

  2. Preview • Revision of General Business Core • Integrating Accounting and Finance • Unique aspects of the Course Sequence • Academic Support • Survey Results • Discussion

  3. Basic Course Overhaul • General business core courses reviewed • Accountancy and finance chairs decided • to combine their introductory courses • add Introduction to Business

  4. Basic Course Overhaul Two three-credit courses combining • Introduction to business • Financial accounting • Finance • Managerial accounting

  5. Basic Course Overhaul Funding • Bentley won a $400,000 5-year grant • from Ernst & Young Foundation • to support research and teaching activities

  6. Basic Course Overhaul Faculty team formed including: • Accounting • Finance

  7. Basic Course Overhaul Info design & corporate communication for • oral • written • visual components of the course

  8. Integrating AC and FI • AC and FI typically taught by separate dept.s But • AC and FI not separate in the business world

  9. Integrating AC and FI Topics explicitly shared • Cash flows • Financial statement analysis • Time value of money • Working capital • Debt and equity • Decision making and budgets

  10. Integrating AC and FI Topics implicitly shared • Financial statements • The accounting cycle • Interest rates • Risk and return • Cost behavior • Overhead allocation • Cost-volume-profit analysis

  11. Unique Aspects of the Course • Enron Movie during First Week • Custom Text • Instructional Narrative • Financial calculator • Custom Slides and Teaching Notes • Course-wide Consistency

  12. Enron Movie • Shown to all freshmen before school starts • Reading sent out ahead of time • Movie is stopped at specific points to ask them questions • Homework assignment

  13. Custom Text Includes chapters from • Business Essentials • 10th ed. by R. Ebert and R. Griffin • Financial Management: Principles and Applications • 12th ed. by Titman, Keownand Martin • Financial Accounting • 10th ed. by Harrison, Jr., Horngrenand Thomas • Managerial Accounting • 4th ed. by Braun and Tietz. • Auditing and Accounting Cases: Investigating Issues of Fraud and Professional Ethics • 4th ed. by Thibodeau and Freier

  14. Instructional Narrative • Two volumes • Twenty-one chapters • Technical material in a conversational tone

  15. Instructional Narrative • Life cycle of a business • Financing • Preparation of Financial Statements • Budgets and Variances • Internal Controls • SOX • Corporate Social Responsibility

  16. Financial Calculator • Replaces tables for time value of money • Introduced as a tool • Used in class and on exams

  17. Custom Slides and Teaching Notes Provides support for • finance faculty teaching accounting • accounting faculty teaching finance • Consistent learning objectives • Blackboard site for faculty

  18. Course-Wide Consistency Common • syllabus • homework assignments • online quizzes • final exam

  19. Unique Aspects of the Course • Outside speakers • Online library tutorials • Team skills instruction • Quiz on first course • Trading room sessions

  20. Outside Speakers • Evening Program • EY senior managers and partners in class • Role of the auditor • Earnings management and Fraud • Presentations to young EY Professionals

  21. Online Library Tutorial • Replaces a physical visit • Reference librarian designed • Slides • Voiceovers • questions for students to answer • If not completed successfully, student must attend a live session in library

  22. Team Skills Instruction • Developed by management faculty • Designed around course project in first course • Team contracts • Meeeting worksheets • Peer evaluations

  23. Quiz on First Course Objectives • Identify students at risk • Reinforce carryover from prior course • Encourage students to review basics

  24. Quiz on First Course • 25 multiple choice questions • Covering topics from the first course • Must score 70% • Two attempts permitted • Must meet with professor if unsuceessful

  25. Trading Room Sessions • Requiring the use of • software • databases • Sessions specific to the assignments • Students required to attend in first course

  26. Academic Support • Academic Services • Review Sessions • ACELAB/Eco-Fi Lab • Graduate Assistant Office Hours

  27. Survey Results: Majors

  28. Survey Results: AC & FI Integration

  29. Survey Results: AC Majors

  30. Survey Results: CFA

  31. Conclusion AC and FI typically taught • As stand-alone topics • In separate departments • By faculty with AC or FI degrees

  32. Conclusion We’re fortunate to be able to challenge the norm • Energized faculty • Better prepared students

More Related