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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...

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Published in: BAFA Accounting Education SIG Annual Conference & AGM
Published: 2024
URI: https://cronfa.swan.ac.uk/Record/cronfa67492
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first_indexed 2024-08-29T08:25:10Z
last_indexed 2024-08-29T08:25:10Z
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spelling v2 67492 2024-08-29 Developing future accountants skill sets through innovative community based assessment 6936caa99ab208f4ee91ff11dba757e2 Terry Filer Terry Filer true false 2024-08-29 CBAE 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. Conference Paper/Proceeding/Abstract BAFA Accounting Education SIG Annual Conference & AGM 3 6 2024 2024-06-03 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University 2024-09-17T13:15:45.3923762 2024-08-29T09:19:01.0975464 Faculty of Humanities and Social Sciences School of Management - Business Management Terry Filer 1
title Developing future accountants skill sets through innovative community based assessment
spellingShingle Developing future accountants skill sets through innovative community based assessment
Terry Filer
title_short Developing future accountants skill sets through innovative community based assessment
title_full Developing future accountants skill sets through innovative community based assessment
title_fullStr Developing future accountants skill sets through innovative community based assessment
title_full_unstemmed Developing future accountants skill sets through innovative community based assessment
title_sort Developing future accountants skill sets through innovative community based assessment
author_id_str_mv 6936caa99ab208f4ee91ff11dba757e2
author_id_fullname_str_mv 6936caa99ab208f4ee91ff11dba757e2_***_Terry Filer
author Terry Filer
author2 Terry Filer
format Conference Paper/Proceeding/Abstract
container_title BAFA Accounting Education SIG Annual Conference & AGM
publishDate 2024
institution Swansea University
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
document_store_str 0
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description 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.
published_date 2024-06-03T13:15:44Z
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score 11.028798

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