Educating The Next Generation Of Business Students

Abstract

Business students take courses in Financial Accounting where they learn the basic financial statements and how to present and analyze them. Accounting majors immediately experience a frustrating situation as they continue their studies with the Intermediate Accounting I course. Practicing accountants realize when they attend continuing education courses that understanding how to apply accounting concepts/theory is difficult. Other business majors may not experience the same frustration until they start their careers and find difficulty applying what they learned in Financial Accounting on the job. The authors argue that in all the above cases, including the use of acronyms in solving accounting problems is a critical teaching strategy for all business majors.