Conference Paper/Proceeding/Abstract 45 views
Developing future accountants skill sets through innovative community based assessment
Terry Filer
BAFA Accounting Education SIG Annual Conference & AGM
Swansea University Author: Terry Filer
Abstract
Purpose The aim of this innovative assessment design was to introduce students to the work of a practicing accountant through preparing and presenting financial statements for a local charity following the requirements of the Charity Commission and applying the Charities Statement of Recommended Pra...
| Published in: | BAFA Accounting Education SIG Annual Conference & AGM |
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| Published: |
2024
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa67492 |
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| Abstract: |
Purpose The aim of this innovative assessment design was to introduce students to the work of a practicing accountant through preparing and presenting financial statements for a local charity following the requirements of the Charity Commission and applying the Charities Statement of Recommended Practice to the transactions. Furthermore, students are required to provide appropriate professional advice on the charity’s annual performance in person to the charity chairman.Methodology This study intends to evaluate, via voluntary questionnaire, if final year accounting students gained employability skills and enhanced employment opportunities through producing live charity accounts in both written and oral format as part of their financial accounting module assessment, for three academic years from 2021/22 to 2023/24.FindingsStudent feedback received so far is positive on the assessment originality and opportunity to work on a live organisation’s set of accounts. One student has used the skills gained to become a charity treasurer and hopes this will increase her future employability opportunities. Research limitationCohorts are fairly small which need consideration when the results are evaluated.Practical limitationsTo implement this intervention, educators need access to a live charity which may involve the educator volunteering to produce the annual accounts. Originality/value Aims of the assessment is to provide students with increased technical competence and employability skills that will be attractive to future employers. |
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| College: |
Faculty of Humanities and Social Sciences |