Music Monday: A Unique Way to Teach the Basics of Accounting

If you came here thinking you were going to see me sing something related to accounting, you are mistaken. But, that's a good thing. Accounting might be painful enough for many people, but then hearing me sing about accounting could push people right over the edge. So I came across this video that some students … Continue reading Music Monday: A Unique Way to Teach the Basics of Accounting

Hmmm… Maybe I’m the Exception

In one of today's emails to behavioral economist Dan Ariely, a husband is baffled where he went wrong with the birthday gift he bought his wife. Here's the email: Dear Dan, I bought my brother a top-of-the-line espresso machine for his birthday. My wife remarked that it was a very generous and thoughtful gift, so … Continue reading Hmmm… Maybe I’m the Exception

Testing the “Peak-End” Rule

Blah blah blah. Blah blah blah. Total Assets = Total Liabilities plus Total Equity Harrisburg is the capital of Pennsylvania. Future value of a lump sum = Present value of the lump sum * [(1 plus the interest rate) raised to the number of years] Blah blah blah. Blah blah blah. Here is an email … Continue reading Testing the “Peak-End” Rule

Now I Know What My Students Must Feel Like

I’ve always said one of my greatest strengths as a teacher is the ability to take a room full of young, energetic students and within minutes have a few of them on the edge of REM sleep. I get it. For some people, accounting is not the most interesting topic to sit and listen to. … Continue reading Now I Know What My Students Must Feel Like

Thanks to PowerPoint, I’ve Been an Ineffective Teacher for the Past Thirty Years

PowerPoint has been a mainstay of my teaching for the past 30 years. While I don't just stand up there and recite what is on the slides, I do use the text that is on the slides to highlight the key points I want to make and to keep me on track. Well according to … Continue reading Thanks to PowerPoint, I’ve Been an Ineffective Teacher for the Past Thirty Years

Carrot Ranch Flash Fiction: Old-World Charm

Here is another attempt at “flash fiction“, writing a 99-word blog post in response to a prompt. The prompt this week is “old-world charm“: In 1494, Luca Pacioli, a Franciscan friar, wrote one of the first published descriptions of double-entry bookkeeping. He described journals, ledgers, year-end closing entries, and proposed that a trial balance be used … Continue reading Carrot Ranch Flash Fiction: Old-World Charm

If You’re into Watching People Faint – Then You’ve Come to the Right Place

I just read a story about cam models, people who can make a fortune online catering to the unusual fetishes of their clients. One woman has filmed herself rubbing her feet with oil and glitter and she claims to have charged $20 a minute just to allow someone watch her sneeze. Videos of her eating … Continue reading If You’re into Watching People Faint – Then You’ve Come to the Right Place

When the Teacher Becomes the Student

Don't worry, this isn't any sort of New Age, zen-like post about teaching. It's literally about when a teacher (me) becomes a student (me, again). This semester I am teaching four sections of Introductory Financial Accounting, the bane of many students' existence. I tell them that the course is challenging; for many of them it may … Continue reading When the Teacher Becomes the Student

The Powerful Effect of Cat Videos When Teaching Accounting

I've been doing it all wrong. In my class when I teach a topic, I often try to show a video that relates to the topic. For instance, if I'm talking about logistics, I like to show this video of FedEx delivering a pie from Virginia to Hawaii during the Christmas holidays. (warning - don't … Continue reading The Powerful Effect of Cat Videos When Teaching Accounting

What’s Your “Big Bath”?

In business, there is a practice known as Big Bath accounting. The way the practice works is that when a company is having a bad year financially, it will opt to do everything it can to make it look as bad as possible. This may involve delaying revenue for the current year until the following … Continue reading What’s Your “Big Bath”?