American Journal of Business Education (AJBE) 2018-10-05T17:58:39+00:00 Stephanie Clute Open Journal Systems <p><strong>Published since 2008</strong><br> ISSN 1942-2504 (print), ISSN 1942-2512 (online)<br>The American Journal of Business Education (AJBE) publishes papers that significantly contribute to the understanding of the science and practice of business pedagogy.</p> Teaching The Bid-Ask Spread And Triangular Arbitrage For The Foreign Exchange Market 2018-10-05T17:58:36+00:00 Jeng-Hong Chen <p>The foreign exchange (FX) market is an important chapter in international finance.&nbsp;Understanding the market microstructure is critical for learning the FX market.&nbsp; To assist students better understand the FX market microstructure, an instructor can use an event study with minute-by-minute quote data provided in the Excel assignment, asking students to investigate the impact of an event on the bid-ask spread and triangular arbitrage opportunities.&nbsp; This pedagogical paper provides two examples of making the Excel assignment for reference.</p> 2018-10-05T17:36:01+00:00 ##submission.copyrightStatement## Exploring Innovative Pedagogy To Deliver Financial Education: A Peer-To-Peer Event With Students 2018-10-05T17:58:37+00:00 Oscar J. Solis <p>An innovative 2015 Financial Education Event utilized collaborative learning, peer-to-peer learning strategies, and multimedia to engage students and deliver financial content.&nbsp; Thirty-three students in a financial counseling class hosted the event for students from a personal finance course as well as the university community.&nbsp; For the event, the financial counseling class conducted research and created six financial infographics that were presented in an open-floor setting on six 70-inch monitors.&nbsp; The six financial topics included budgeting basics, conquering credit, how to be a smart shopper, how to manage student loan debt, kick-starting your first job, and life after college.&nbsp; The financial education event was an opportunity for students to interact and engage in financial dialogue in a fun, enthusiastic, and interactive environment.&nbsp;During this peer-to-peer educational event, students were able to explore, engage, and learn beyond the traditional classroom setting.&nbsp;</p> 2018-10-05T17:40:51+00:00 ##submission.copyrightStatement## How To Record Journal Entries Correctly For Bonds Issued At A Discount Or A Premium? Hint: Follow The Money 2018-10-05T17:58:39+00:00 Donald T. Joyner <p>A factor that complicates the posting of the journal entries related to the issue of bonds is that the amount of money received by the issuing company may be different from the face value of the bond. If the bond stated rate is higher than the market interest rate at the time of issue of the bond, the company can sell the bond at a premium; on the other hand, if the stated rate is lower than the market interest rate, the company will be forced to sell the bond at a discount.&nbsp; Another complicating factor is that the issuing company has to make interest payments at regular time intervals throughout the life of the bond and a final payment on the date of the maturity of the bond. Many students of Accounting, especially at the undergraduate level, find the journal entries related to the treatment of bond discounts and premiums very confusing, since they are spread over many years, spanning the entire life of the bond, unlike the numerous other journal entries covering the annual operating activities of the company. In this paper, some hints and guidelines are provided with the goal of helping the studentsrecord the journal entries correctly when bonds are sold at a discount or a premium.</p> 2018-10-05T17:57:58+00:00 ##submission.copyrightStatement##