Tag Archives: learning accounting online

Effective Ways to Help Students Understand Accounting

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It’s important to teach certain subjects, such as accounting, in a way that students both comprehend and retain the information. Here are some helpful tips on how to teach accounting:

  • If you mention accounting classes to students, you may see their eyes glaze over. Incorporating fun and unusual teaching methods makes the class interesting and also increases the likelihood students will actually remember the basics
  • Allow the students to separate into groups and play Monopoly. At the end of the game, have each team prepare an Income Statement and Balance Sheet. Understanding the objective at the beginning of the game can help them connect the causes and effects.
  • Incorporate numerous step-by-step examples. Over 85 percent of accounting students surveyed all agreed that this is one of the most effective ways of learning a detail oriented subject.
  • When understanding how to teach accounting, it is vitally important to remember to explain why something is being done. Students need to be told the reasons behind certain procedures for the entire process to make sense.
  • These days, many students have no concept of how a checking account operates. An accounting class is a wonderful way to teach students the tips and tricks of on-line banking, account balancing, and writing a check.

When learning how to teach accounting, Labyrinth Learning offers an excellent variety of both textbooks and online teaching tools to help both you and your students succeed. Please contact us today for assistance.

How Our Accounting Basics Solution Facilitates Learning

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Accounting Basics from Labyrinth Learning

When teaching accounting courses, financial information must be conveyed in a clear and concise manner. Here at Labyrinth Learning, our Accounting Basics solution offers an easily understood introduction for students who wish to gain general accounting knowledge but may not be working toward an accounting degree.

Often students want accounting basics to utilize as part of their job, for personal finances or to be able to understand the importance of accounting  while taking a course like QuickBooks.  While things like cash flow and payroll accounting are the responsibility of the accounting department, it is valuable to all to be able to read a ledger sheet, track business performance, and understand the basics of profit and loss.

Labyrinth Learning provides this new basic accounting solution.  It begins with a comprehensive overview. This particular program introduces a fictional business and the accounting cycle they follow. Each new topic also includes detailed explanations so each student understands how the process works.

This is solution provides practical and easy to understand accounting basics, along with practice sets at the end of each chapter, an ongoing end of chapter problem which builds off the previous obstacle, and a scenario at the end of the course allowing students to put their recently gained knowledge to use.

For more information about our Accounting Basics textbook along with our many other interactive teaching tools, please contact us at Labyrinth Learning today.

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Teaching Accounting Using Twitter

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More and more accounting teachers are using technology in the classroom to help their students learn both in and out of the school. Social media is a great example of a technological innovation that lets teachers and students communicate with each other outside of class.

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Answer questions outside of the classroom, and provide handy links, by using Twitter.

Used in the right manner, social media sites such as Twitter can produce astonishing results in accounting students. Here are some suggestions for using Twitter to teach accounting:

  • First, when teaching accounting, there will be a ton of information out there for your students to try to digest. That is why setting up a Twitter account to push out helpful links and information directly is a great way to help the students and relate to their everyday lives.
  • Second, Twitter can be used to support two-way conversations between teachers and students, which can help teachers engage their students while also ensuring that said individuals retain more of what they hear.
  • Third, Twitter’s ease of use also makes it useful for asking questions in the middle of accounting lectures. This is beneficial because increased student engagement produces better results, whether the material consists of the basic accounting principles or more advanced topics, and students can tend to be very shy. Twitter questions may help everyone get their questions in and answered.
  • Fourth, Twitter can lead students to other online material such as recorded presentations used to create a collaborative learning experience.

For more on ways to improve your teaching through new technology and new ideas, please contact us at Labyrinth Learning, today.