Question

How would you promote accounting education in schools？(with references and 400 words)

you can just elaborate on it and find 1-2 source to support.

Answer 1

Solution-

First of all what is accounts- Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.

The importance of accounts in our life is increasing by day to day. Now days the basis knowledge of accounts is necessage for everyone with the world moving towards digitalisation. Genrally from maintaing the stock to supply chain management each and every activity require accounts. A survey on methodology was conducted which tells us that A survey was used for data collection for this study. The questions and hypotheses of the survey were based heavily on existing literature. The determination of statistical significance was done via 2-sample t-tests (assuming unequal variances). The population surveyed was Bryant University undergraduate students spanning all four classes (Freshman, Sophomore, Junior, and Senior) of varying majors, roughly 75% of whom were accounting majors. They were evaluated in various areas including their perceptions towards accounting, their confidence in the development of selected skills, and overall accounting course trends using Likert scales.

For the promotion of accounting education in schools first we will understand the basic requirement and importance of accounts-

ROLE of accounts in our life-

Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.

There are three key financial statements generated by your records.

• The income statement provides you with information about the profit and loss
• The balance sheet gives you a clear picture on the financial position of your business on a particular date.
• The cash flow statement is a bridge between the income statement and balance sheet and reports the cash generated and spent during a specific period of time.

IMPORTANCE OF ACCOUNTS-

• Accounting Importance for Co-ordination

• Accounting Importance Media of Communication

• Accounting Importance in Budgeting

• Accounting Importance in Professional Advice

The ways of promoting accounting education in schools are-

Traditional education systems doesn’t provide students with necessary knowledge and skills and fulfil the performance expectations. OBE transforms education into personalized learning and enable education institutions to design instruction models tailored to learning preferences of students. so the developing world towards degitalization the accounts is one of the important subject for students. Its ways to promote are listed below-

1. Expand access to high-quality early childhood education programs. ...
2. Focus on recruiting, training and supporting teachers. ...
3. Improve and expand school-based Early Warning Systems and tie them to evidence-based interventions for at-risk students. ...
4. Encourage college-savings plans.
5. Mission, Vision & Objectives
6. Program Educational Objectives (PEO)
7. Graduate Attributes (GA)
8. Student learning outcomes (SLO)
9. Program outcomes (PO)
10. Course outcomes (CO)
11. Syllabus, Unit & Lesson Plan Outcomes
12. Teaching Methods
13. Assessment & Evaluation Tools
14. Customizable Rubrics & Marking Schemes
15. Continuous Quality Improvement (CQI)
16. Outcome-based Education & Accreditation
17. Student Success
18. Constructive alignment
19. Presentation of outcomes with automated mind mapping