I usually teach students based on their strengths and weaknesses they may have at university depending on the specific course.
If I am teaching a person who has no background in accounting this is the plan I intend to use over an 8 week period
My Main Objective: To provide students with a solid foundation in accounting principles and practices through interactive and engaging lessons.
Lesson...
I usually teach students based on their strengths and weaknesses they may have at university depending on the specific course.
If I am teaching a person who has no background in accounting this is the plan I intend to use over an 8 week period
My Main Objective: To provide students with a solid foundation in accounting principles and practices through interactive and engaging lessons.
Lesson 1: Introduction to Accounting Basics
Teaching Format: Interactive Lecture and Discussion
Overview of accounting and its importance in business
Introduction to key accounting terms and concepts
Understanding the accounting equation: Assets = Liabilities + Equity
Examples and exercises to reinforce understanding
Lesson 2: Double-Entry Accounting and Financial Statements
Teaching Format: Hands-on Practice and Case Studies
Explaining the double-entry accounting system
Recording transactions using debits and credits
Preparation of trial balance, income statement, and balance sheet
Analyzing financial statements to assess a company's performance
Lesson 3: Management Accounting and Cost Analysis
Teaching Format: Group Activities and Problem-Solving
Differentiating between financial and management accounting
Introduction to cost classification and behavior
Cost-volume-profit analysis and break-even analysis
Applying management accounting tools to make informed business decisions
Lesson 4: Budgeting and Forecasting
Teaching Format: Interactive Exercises and Role-Play
Understanding the importance of budgeting in financial planning
Developing budgets for various business functions (sales, production, etc.)
Variance analysis and corrective measures
Forecasting techniques to predict future financial performance
Lesson 5: Auditing and Internal Controls
Teaching Format: Case Studies and Discussion
Overview of auditing and its role in ensuring financial integrity
Internal control systems and their importance in mitigating risks
Conducting internal audits and implementing control procedures
Ethical considerations in auditing and professional standards
Lesson 6: Advanced Topics in Accounting (Optional)
Teaching Format: Research Projects and Presentations
In-depth exploration of advanced accounting topics based on student interests
Possible topics: international accounting standards, consolidated financial statements, taxation, etc.
Research projects, discussions, and presentations