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ERIC Number: EJ1060071
Record Type: Journal
Publication Date: 2014-Feb
Abstractor: As Provided
Model for Efficient and Effective Footnote Disclosure in Pedagogical and Practitioner Application
Bullen, Maria L.; Kordecki, Gregory S.
Journal of Instructional Pedagogies, v13 Feb 2014
In the U.S. and in other countries, accounting graduates continue to enter diverse size work forces in industry, government, and in public accounting. Beyond income tax and consulting work, accounting professionals often require a specific association with financial statement services. These services involve not only detailed scheduled financial statements and schedules, but also notes or "footnotes" to assist in the overall transparency of the reporting entity. The structure and overall communication of these footnotes to the financial statement reader-user is extremely important in this era of economic financial clashes, where the need to communicate truthful, relevant information is paramount. The accounting student, and more importantly, the accounting graduate, must have the skill sets, and be ready to use them in assisting management on reporting on the economic entity. Learning outcomes and assessment of learning for accounting and other business students need to include critical thinking and communications skills. This paper provides a template tool for analysis which illustrates how important it is that the information be presented in a logical way for users of overall financial information. The template involves a multiple paragraph approach describing the situation, outlining professional requirements and managerial constraints, and generating a conclusion for informative disclosure. This paper hopefully contributes to the goal that institutions of higher learning can still produce significant and substantial gains not only in the educational environment, but upon extension, into the private markets where graduates are placed.
Descriptors: Business Administration Education, Financial Services, Business Skills, Accounting, Instructional Innovation, Disclosure, Readability, Vignettes, Models, Teaching Methods, Educational Practices, College Programs
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A
Grant or Contract Numbers: N/A