Abstract
Technological changes have enabled many companies to shift their inventory systems from the periodic to the perpetual approach. The promulgation of new rules and regulations by the Financial Accounting Standards Board, and the Securities and Exchange Commission, and the Accounting Education Change Commission's exhortation to educators to stress communication and critical thinking skills, have resulted in a crowded curriculum in which educators are forced to make tough choices regarding what to emphasize in their courses. In this article, we urge academicians to shift the emphasis from the periodic to the perpetual system. We cite arguments by education theorists and emerging business trends as justification and show that such a shift would promote educational idealism as defined by the Accounting Education Change Commission and education theorists.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
