Advanced Financial Accounting Research Articles

Be an Expert: A Critical Thinking Approach to Responding to High-Profile Cybersecurity Breaches

ABSTRACT This case examines three high-profile cybersecurity breaches to illustrate how organizations respond to these situations. Students explore breaches involving Capital One, Equifax, and Target and apply critical thinking to examine attack details, breach prevention, and breach responses by assuming the roles of security consultants, chief information officers, and internal auditors. The case objectives include (1) summarizing how organizations respond to cybersecurity breaches, (2) evaluating threats to organizations’ cybersecurity infrastructure, and (3) justifying how accountants and auditors may respond to cybersecurity breaches. This case is designed for undergraduate- or graduate-level accounting information systems, auditing, information technology (IT) auditing, internal auditing, and fraud examination classes and can be extended for intermediate or advanced financial accounting courses. This case provides instructor flexibility, as the class can be split into three groups with each group assigned as the expert on one breach or one or more breaches can be assigned to all students.

The (Exit) Price of a Horse: Finding the Fair Value of an Unusual Nonfinancial Asset

ABSTRACT Students are placed in the role of a new employee in the mergers and acquisitions division of a regional accounting firm performing due diligence on a potential acquisition target for their client. Their task is to determine the fair value of a group of unusual nonfinancial assets, the horses owned by the target company, an equine training business. Students evaluate the horse’s highest and best use, identify market participant assumptions, create valuation models, determine the exit price, and perform a sensitivity analysis. Appendix A describes the equine industry and provides a source for many of the necessary valuation assumptions. This case study is complementary to cases where students calculate fair values in more traditional settings and is designed to push them outside their comfort zone while emphasizing that the same familiar concepts apply. The case is recommended for use in advanced financial accounting courses at the undergraduate or master’s levels. JEL Classifications: M41.

ChatGPT and academia on accounting assessments

ChatGPT is considered a risk and an opportunity for academia. An area of threat in contemporary settings is whether it can become a student agent for assessments in academia. This study determines how ChatGPT can become a human agent for students on two financial accounting course units, multiple choice question assessments. The study provided five numerical-based and five narrative-based multiple choice questions. There were ten questions for the Introductory Financial Accounting and 10 for the Advanced Financial Accounting course units. ChatGPT received one question at a time requesting a solution. In the Introductory Financial Accounting section, ChatGPT produced incorrect answers because it incorrectly assumed the underlying assumptions contained in those questions. In Advanced Financial Accounting, ChatGPT presented incorrect answers because of the complexity of the task contained in those questions. ChatGPT demonstrated similar competencies in providing solutions to numerical-based and narrative-based questions. ChatGPT obtained the correct answers to sit in the 80th percentile in the Introductory Financial Accounting course unit assessment and the 50th percentile in the Advanced Financial course unit assessment. ChatGPT4 showed improved performance, with the 90th percentile for Introductory Financial Accounting and the 70th percentile for Advanced Financial Accounting. The findings indicate that the knowledge construct requires reflective thinking with ChatGPT in the ecosystem, and what is assumed and assessable knowledge must be revisited.

PENGARUH KECERDASAN EMOSIONAL, PERILAKU BELAJAR, DAN MINAT BELAJAR TERHADAP TINGKAT PEMAHAMAN AKUNTANSI MAHASISWA DI YOGYAKARTA

The level of understanding of accounting is very important because it can know the knowledge that has been obtained during lectures to equip it to become an accountant so that it can carry out the role of the accounting profession in the business world. This study aims to determine the effect of emotional intelligence, learning behavior, and interest in learning on the level of understanding of accounting in students. Data collected in research throught online questionnaires. Sampling used a purposive sampling technique with the criteria of accounting students in semester 7 whose accounting study program has been accredited A and Unggul; taking or has taken courses in introduction to accounting, intermediate financial accounting, advanced financial accounting, auditing, and accounting theory. The sample of this study was 113 active students of the Accounting Study Program at UPY, UTY, UMY, UMBY, UAJY, UII, UST, UGM, UNY, UPNVY, and STIE YKPN Yogyakarta. Data analysis techniques using multiple linear regression models. This study shows that emotional intelligence affects the level of understanding of accounting, while learning behavior and interest learning do not affect the level of understanding of accounting

ANALISIS MODEL PEMBELAJARAN THINK PAIR SHARE (TPS) UNTUK MENINGKATKAN HASIL BELAJAR MAHASISWA PADA JURUSAN AKUNTANSI PSDKU POLNEP DI KABUPATEN SANGGAU

The Think Pair Share   (TPS) learning model is one of the learning models that need to be used in the implementation of teaching and learning activities, because the Think Pair Share   (TPS) model is designed to invite students to think about finding answers to a question from a concept through a group (in pairs). One of the problems faced in accounting learning is the low student accounting learning outcomes because lecturers always use the lecture method so there is less interaction. This study aims (1) to find out how to analyze the Think Pair Share   (TPS) learning model to improve student learning outcomes in joint venture material for the fifth grade advanced financial accounting course majoring in accounting at PSDKU POLNEP in Sanggau district (2) to find out how student learning outcomes are accounting in the joint venture material for the fifth grade advanced financial accounting course majoring in accounting at PSDKU POLNEP in Sanggau district after analyzing the Think Pair Share   (TPS) learning model. This type of research is Classroom Action Research. This research was conducted in 2 cycles, using pre-test and post-test cycles, second cycle using post-test. Sources of data obtained from lecturers and students. The data collection techniques by means of interviews, observation, and documentation.

Model Sistem Pembelajaran dengan Pendekatan Case Method pada Mata Kuliah Akuntansi Keuangan Lanjutan

The purpose of this study was to find out in depth the application of the learning system with a project based learning model with a case method approach in Advanced Financial Accounting courses in the Accounting Study Program, Faculty of Economics and Business, University of Jambi. The population in this study were fifth semester students of the Accounting Study Program, Faculty of Economics and Business, University of Jambi, with the research sample being all fifth semester students taking advanced financial accounting courses taught by researchers in 2022. The research approach uses qualitative studies by observing and observing in-depth student study results with a project based learning learning model with a case method approach. The results showed that the use of the project based learning model with the case method approach was able to increase student creativity and innovation in understanding the complex Advanced Financial Accounting course

An empirical analysis of the theoretical foundation of the Giving Voice to Values pedagogy

ABSTRACT This study investigates the impact of the Giving Voice to Values curriculum on student confidence and the likelihood they will act when presented with an ethical conflict. Students in Advanced Financial Accounting courses at two different universities completed cases that present ethical dilemmas in the workplace. In comparing pre- and post-test survey responses, we find students are more confident and more likely to act when encountering unethical practices in the workplace. In addition, we extend the literature in the field by assessing the validity and impact of the 12 underlying assumptions which form the foundation of the pedagogy. These findings are important as the GVV methodology can provide accounting educators with an effective way to integrate ethics into their curriculum. The value of using GVV is that it complies with calls for international accounting education in professional values, ethics, and attitudes by providing an integrated framework to address these standards.

Was the change in accounting standard favourable to the financial reporting of AirAsia? From IAS 17 Leases to IFRS 16 Leases

Theoretical basis This case uses agency theory and decision usefulness approach to justify whether the change in accounting standard from IAS 17 Leases to IFRS 16 Leases favourably or adversely affects AirAsia’s financial reporting. Research methodology This case was written based on secondary data contained in industry reports, company annual reports, company websites, news reports and accounting standards. The case has been classroom-tested with undergraduate students taking advanced financial accounting and reporting module. Case overview/synopsis AirAsia Group Berhad (AirAsia), a Malaysian multinational low-cost carrier, was required to adopt IFRS 16 Leases (equivalent to MFRS 16 Leases), effective from 1 January 2019. The new standard, superseding IAS 17 Leases, was expected to provide investors and creditors with a richer insight into AirAsia’s leasing transactions and financial situations. In view of AirAsia having a substantial fleet of leased aircraft, the adoption of IFRS 16 Leases would change the way AirAsia had to report its borrowings which could subsequently have an impact on its bottom line. Thus, this case requires students to examine the financial implications of adopting IFRS 16 Leases by AirAsia and to determine whether the change in accounting standard favourably or adversely affects AirAsia’s financial reporting. Complexity academic level This case is intended for use in intermediate and advanced financial accounting and reporting modules at the undergraduate level.

THE EFFECT OF EMOTIONAL INTELLIGENCE, SPIRITUAL INTELLIGENCE AND LEARNING BEHAVIOR ON THE LEVEL OF ACCOUNTING UNDERSTANDING

This study aims to determine whether there is an influence between emotional intelligence, spiritual intelligence and learning behavior on the level of accounting understanding . This accounting understanding is measured by grades in introductory accounting courses, intermediate financial accounting, advanced financial accounting . Emotional intelligence in this study was measured using self-knowledge, motivation, empathy, social skills. Spiritual intelligence was measured using being flexible, dealing with and overcoming pain, aversion to causing harm and being independent. Learning behavior was measured using the habit of following lessons, reading books, visiting the library, and taking exams. This research uses non probability sampling method with purposive sampling technique . The data processing technique uses SPSS 2 0 by performing multiple regression tests. This study uses a questionnaire distributed via google form with the number of respondents as many as 104 Batam State Polytechnic students. The results found that, firstly, emotional intelligence has a positive influence on accounting understanding . Second, spiritual intelligence has a positive influence on accounting understanding. Third, learning behavior has a positive influence on accounting understanding.

Wilson Drilling Inc.*

Wilson Drilling Inc. is a leading Canadian provider of contract drilling rigs and well services to the oil and gas industry. This case exposes students to important financial reporting issues relevant to fixed assets, such as asset impairment and decommissioning and changing the accounting method for depreciation, as well as reporting of deferred income taxes in a real-world situation. This case is suitable for use in undergraduate Intermediate Accounting or Advanced Financial Accounting classes.

Implementation of the learning civic community model in financial accounting learning process continuation: Economic education college student

This study aims to determine whether the Civic Community Learning model that uses the Citizenship Economics approach, which can improve the acquisition of learning outcomes and student learning activities in the Advanced Financial Accounting course, is right on the topic of accounting for branch companies in Economic Education Studies Program. The approach used in this research is qualitative. The method used is action research. Researchers are the key instrument. Data collection techniques are carried out through learning outcomes tests and rubrics for assessing student activities, data analysis is inductive, and qualitative research results emphasize meaning rather than generalization first. Establish performance indicators for the success of each given action. The data sources in this study were students in the third semester of the 2020/2021 academic year majoring in social studies education, economic education study program. This study involved 33-semester 3rd students of the economics study program for the 2020/2021 academic year. This study shows that the acquisition of student learning outcomes and student learning activities taught with the Learning Community learning model in the subject matter of Advanced Financial Accounting, Corporate Accounting Branch has increased.

EFEKTIFITAS IMPLEMENTASI METODE AJAR SCL MODEL SMALL GROUP DISCUSSION

This study aims to assess the effectiveness of the application of the SCL method with the Small Group Discussion model. SCL implementation in the Advanced Financial Accounting 1 course, Accounting Theory and Financial Statement Analysis is carried out at the Mercu Buana University Accounting Program, the Accounting Theory course is carried out in the Riau University Accounting Program, GCG courses in the Jakarta State University Accounting Program, Accounting Seminar subject in the Accounting Program at Esa Unggul University Jakarta. Implementation of the SCL method by allocating time between the pre-test before the lecture takes place, providing material by the lecturer through the lecture method, providing examples of material implementation at work, student presentations and discussions and ending with a post test. Researchers also confirmed to students and lecturers regarding the implementation of SCL. Based on the results of the pre-test and post-test that were processed, it was found that the SCL teaching method with SGD proved effective because the Asym.Sig (2-tailed) Pre Test and Post Test values were less than 5%, meaning that there was a difference between the learning outcomes of the PreTest and the post Test. It is concluded that there is an effect of using learning methods on the value of learning outcomes.   Keywords : SCL Method, Small Group Discussion Model, Effectiveness

Research on the Reform of Advanced Financial Accounting Course Based on the PAD Class Teaching Model under Computer-aided Analysis

PAD class is a new teaching mode proposed by Professor Zhang Xuexin of Fudan University in 2013. PAD classes divide classroom time into two parts, half for teachers’explanations and half for students’ group cooperation and discussion. By staggering the time, students can have enough time to study independently and absorb the knowledge internally. On the one hand, the PAD course can enable students to learn theoretical knowledge under computer-assisted technology, and on the other hand, it can improve students’ independent learning ability and practical ability under computer-aided technology. This article first analyzes the concept of PAD course computer, then puts forward the advantages of advanced financial accounting course based on PAD course, and finally puts forward some suggestions.

The Teaching Model Reform of Advanced Financial Accounting Course Based on Quality Model of Computer Aided Technology under OBE Teaching Concept

Achievement education (OBE) is a hot topic in college education research.It is an educational concept that organizes, implements and evaluates education based on students’ expected learning outcomes.It is of great practical significance to study the teaching mode reform of higher financial accounting course under the concept of OBE.This paper first introduces the teaching connotation of "advanced financial accounting" under the OBE teaching mode, then analyzes the reconstruction of "advanced financial accounting" under the OBE teaching mode, and finally puts forward the reform strategy of "advanced financial accounting" teaching mode based on the OBE teaching concept.

An experimental study of cooperative learning in advanced financial accounting courses

ABSTRACTStudies of cooperative learning have been documented extensively in the education and psychology literature. Much of the research on cooperative learning indicates that it leads to improvements in achievement, communication and interpersonal skills. This study compares grades on quiz assignments and exam performance of students in a traditional lecture format to those in a lab environment to determine the effectiveness of the cooperative learning process. Attitudes from an end of semester survey provide anonymous feedback regarding the course and use of cooperative teams. The results of this study are mixed when compared with previous literature, which suggests cooperative learning leads to improved academic performance. Students in the cooperative cohort achieved higher quiz scores but performed worse than students in the traditional cohort on exams. These results are explained and the implications of the study and use of cooperative teams are discussed.

FACTORS AFFECTING STUDENTS’ ACADEMIC PERFORMANCE IN FINANCIAL REPORTING COURSE USING FRAMEWORK-BASED TEACHING APPROACH

Students’ performance (academic achievement) is fundamental in producing quality graduates. Many empirical studies are conducted to investigate factors affecting university students’ performance. The focus of this study is to measure the relationship between students and lecturers interaction, lecturers’ characteristics and lecturers’ knowledge and performance in financial reporting course using Framework-based Teaching Approach. The present study prefers a survey method. Questionnaires are used as an instrument in this study and are distributed to students taking Advanced Financial Accounting and Reporting 1 (FAR610) during semester March-July 2017 at Faculty of Accountancy, Universiti Teknologi Mara Puncak Alam, Malaysia. Data were randomly selected dan analyzed using Statistical Package for Social Science (SPSS). Based on the response from 91 students, the results show that only lecturers’ knowledge is positive and significantly related to financial reporting performance. The students and lecturers interaction and lecturers’ characteristics do not relate to the students’ performance in financial reporting course. The result could facilitate lecturers to understand and find new ways that may be applied at the beginning of the course to improve students’ performance.

FACTORS AFFECTING STUDENTS’ ACADEMIC PERFORMANCE IN FINANCIAL REPORTING COURSE USING FRAMEWORK-BASED TEACHING APPROACH

Students’ performance (academic achievement) is fundamental in producing quality graduates. Many empirical studies are conducted to investigate factors affecting university students’ performance. The focus of this study is to measure the relationship between students and lecturers’ interaction, lecturers’ characteristics and lecturers’ knowledge and performance in financial reporting course using Framework-based Teaching Approach. The present study prefers a survey method. Questionnaires were used as instrument in this study and were distributed to students taking Advanced Financial Accounting and Reporting 1 (FAR610) during semester March-July 2017 at the Faculty of Accountancy, Universiti Teknologi MARA, Puncak Alam, Malaysia. Data were randomly selected dan analyzed using Statistical Package for Social Science (SPSS). Based on response from 91 students, the results show that only lecturers’ knowledge was positive and significantly related to financial reporting performance. The interaction of students and lecturers, and lecturers’ characteristics do not relate to the students’ performance in financial reporting course. The result will facilitate lecturers to understand and find new ways to be applied at the beginning of the course to improve students’ performance.

Factors influencing the effectiveness of the competition based learning (CBL) activity among accounting undergraduates

Teaching an entirely reading topic to accounting students in higher education is sometimes challenging as students generally prefer calculation topics. Teaching a purely reading topic is a challenge to the lecturer and the students may face problems in digesting the topic taught. Therefore, the engagement in learning is essential to enhance the understanding on the subject matter among students. Educators use a competition-based learning model to bring students’ deficiencies under control in their learning process in higher education. A specific learning activity involving the model was carried out through the production of mind mapping video for the course of Advanced Financial Accounting and Reporting 2 on the Corporate Social Responsibility topic. The study was conducted to examine the factors influencing the effectiveness of the Competition-Based Learning activity in the accounting course. A questionnaire was particularly developed and distributed to all 63 students from the Bachelor of Accountancy Program, Universiti Teknologi MARA, Sarawak Branch, who went through the course in Semester March-July 2018. From the survey, the mind mapping video competition was effective for teaching and learning as the respondents and participants had agreed in general. However, factors, such as number of times taking the course, number of family members in higher education, parents’ level of academic qualification and MUET results revealed no differences on the effectiveness of the competition-based learning activity in the accounting course. Finally, the Corporate Social Responsibility examination score showed no correlation with the effectiveness of the competition-based learning activity.

THE INFLUENCE OF EMOTIONAL INTELLIGENCE ON THE ACCOUNTING COMPREHENSION: GENDER BASED STUDY

The purpose of this research is to examine the influence of emotional intelligence on the level of accounting comprehension and to examine the difference of emotional intelligence and accounting comprehension between male and female accounting students. Emotional intelligence is measured by five components which is self-awareness, self-regulation, motivation, empathy, and social skills. Accounting comprehension is measured by accounting subject grade, consist of accounting principles, intermediate accounting, advanced financial accounting, auditing and accounting theory. Sampling method in this research using purposive sampling. Linier analysis and t-test independent are used as a data analysis technique. The results show that emotional intelligence has an effect on accounting comprehension, and there is no difference of emotional intelligence and a difference of accounting comprehension between male and female students. This research only using emotional intelligence in measuring accounting comprehension and there is a different number of male and female respondents. The future research may added more variable such as learning behavior.

Problem Solving Styles, Approaches to Learning and Academic Performance of Spanish Accounting Students: An Exploratory Study of Profiles and Relationships

Background. Entwistle Students’ Approaches to Learning framework and Kolb’s Experiential Learning Model has been widely used in higher education. Different inventories have been developed in order to adapt to different contexts and / or to supersede reported weakness. Aims. This paper aims to explore the profiles and approaches showed by a sample of Spanish accounting students as well as the relationship of those profiles with the academic performance. Instrument and Sample. The instrument consists of both the short version of the Study Process Questionnaire (SPQ; Fox et al, 2001) and the Problem Solving Style Questionnaire (PSSQ, Romero et al, 1992). The sample is composed by the students enrolled in advanced financial accounting and financial statement analysis at the University of Sevilla.