Teaching Accounting Essay Example

account learners' developmental level, readiness, potential and/or weaknesses (Pavement 1988:68-69). Student Number: 31829139, Course: STACCATO, Assignment 02 Question 2 Discuss the essence (importance) of the ledger approach in the teaching of Accounting as explained in the study guide.

The term ledger originated from the practice of keeping al accounts in a special book, each on a separate page. An account is simply a record reflecting all transactions relating to a particular item. There is also a relation between accounts and the accounting equation. This approach is also known as the double-entry approach because there is a debit entry and a credit entry for each transaction. Both cash and credit transactions are recorded in the ledger. Important principles such as the balancing and interpretation of accounts can be taught from an early stage.

Ledger entries are tested by ensuring that the total of debit entries equals the total of credit entries. The Journals are then written up. This is followed by posting to the ledger and the correctness of entries is tested by drawing up a trial balance, after which the financial statements are drawn up. According to Steen ([as]:26) this approach entails mastery of principles and stimulates learners' logical thinking because the have to deal with every transaction in full. One usually starts with two or three accounts to illustrate the doubtlessly principle.

The usual method is to analyses a transaction to determine which accounts are affected and then apply he debit and credit principle. Transactions are explained by meaner of Discounts. A drawback is that subsidiary accounts are introduced at a later stage, which may lead to confusion. The emphasis on posting an end

up in routine work. Steen ([as]:26) mentions the following advantages of this approach: Learning content is presented logically in small amounts, one new concept at a time, until the entire basic framework of the accounting system is revealed.

The approach emphasis insight rather than routine work. Learners are systematically expose to the basic ramekin of the accounting system. The functions of all the subsidiary Journals and processes are placed in the right perspective. 2. Student Number: 31829139, course: STACCATO, Assignment 02 Question 3 Goal formation greatly influences both the instructional and learning process. Mention the value (advantages) of goal formation for both the teacher and the learner in teaching accounting, as discussed in the study guide .