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ERIC Number: EJ1109610
Record Type: Journal
Publication Date: 2011
Pages: 26
Abstractor: As Provided
ISSN: ISSN-0963-9284
Contextualizing the Intermediate Financial Accounting Courses in the Global Financial Crisis
Bloom, Robert; Webinger, Mariah
Accounting Education, v20 n5 p469-494 2011
This paper represents an attempt to incorporate concepts and issues stemming from the global financial crisis (GFC) into the typical Intermediate Accounting, two-course sequence as taught in North American colleges and universities. The teaching approach which the authors advocate embeds the GFC throughout these courses. The main expected outcome from this project is a greater appreciation on the part of the accounting and finance majors that other business disciplines "matter." Put differently, those disciplines, including economics, banking, and management, interface with accounting and finance. Therefore, to understand accounting, students must be conversant with the other disciplines. The principal interrelating concepts we cover in this approach are as follows: capital maintenance, liquidity, solvency, financial leverage, efficient market hypothesis, transparency in disclosure, derivatives, fair valuation, moral hazard, and ethics.
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: North America
Grant or Contract Numbers: N/A