Why Are (or Aren’t) We Teaching This in Introductory Financial Accounting?

This webinar discusses a variety of topics to elicit discussion on what should or shouldn’t be taught in Introductory Financial Accounting. For example, some topics currently taught in Introductory Financial Accounting courses have been carried over from manual accounting systems and are no longer relevant in today’s computerized world. Other topics are taught because “we have always taught them,” and haven't changed since current professors were students themselves. Still, other topics aren’t taught, but probably should be to better prepare students for their careers. Topics featured in this webinar include the teaching of temporary accounts such as “Income Summary” or “Profit and Loss Summary,” the teaching of a “Capital Stock” account, and teaching using “four-column” accounts.