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Problem Based Learning
Business Accounting
This Problem Based Learning (PBL) exercise focuses on business accounting. In recent years, the reporting of business accounts by large corporations has become more complex and involved. The textbook layouts and definitions are being subsumed by ever more complex accounting procedures which can, in some cases, raise suspicion about what is really going on and in any event makes it very difficult to get a clear picture of business performance. Our Guide for Educators provides advice on how to use this resource with both HE and FE students.
Learning Objectives:
At the end of the PBL exercise, students should understand:
- The main purpose and reason for the reporting of business accounts
- The range of stakeholders who might need to get information on corporate performance
- The tensions facing corporations in meeting different stakeholder needs
- The principle of 'window dressing' and the main methods and reasons by which a business might use this strategy
- The problems facing stakeholders in interpreting the accuracy and messages contained in company accounts
- The concerns of the authorities and regulators of the problems inherent in interpreting and reporting of corporate accounts
Resources:
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