|
|
 Ratings
|
|
|
| Reviewed: |
Sep 06, 2005 by Business Editorial Board |
| Overview: |
Finance and Accounts 2: Analysing Accounts - Lesson Plan is described as a lesson plan but is actually consierably more. It
contains a PowerPoint presentation that illustrates financial ratios. It also
contains a link to a well done mind map and finally it contains a link to
problems that are intended to solidify knowledge. The problems are, in turn,
linked to actual financial statements. Be aware that the statements are all for
U.K. companies and contain terminology and denominations one would expect from
the U.K. Following the business link on the left side of the page provides
access to multiple units for finance and accounting, all of equally high quality. |
| Learning Goals: |
The purpose of these lessons is to build student confidence with using accounting ratios and in interpreting the information provided by such ratios. Learning goals identified include: 1) being able to use the key accounting ratios for profitability, liquidity and performance; 2) mastering confidence in calculating ratios as appropriate to the task; and 3) gaining confidence in interpreting the results of the accounting ratios used |
| Target Student Population: |
College students in finance and accounting |
| Prerequisite Knowledge or Skills: |
A good knowledge of accounting and finance terminology as well as basic
understanding of accounting adn financial statements |
| Type of Material: |
Tutorial, Drill and Practice |
| Recommended Uses: |
The unit self-identifies as a lesson plan but it is actually much more. It
contains a PowerPoint tutorial, a mind map, and links to practice problems. It
can be used as a stand alone tutorial or as a review for students who have
previously completed a unit of instruction covering ratios. |
| Technical Requirements: |
A current browser |
|
|
|
| Strengths: |
Finance and Accounts 2: Analysing Accounts - Lesson Plan is an excellent resource and tutorial. Content is accruate, clear, concise, current and relevant. It completely demonstrates core concepts grounded in the discipline and is informed by scholarship. The module is self-contained and can be used without requiring an assignment or context. When followed to their conclusion they are very thorough. |
| Concerns: |
When first clicking on the link, the viewer encounters terminoconsiderable terminology that may be foreign to U.S. users. This material is a part of a rather large collection of materials developed in the United Kingdom and contains many abbreviations for standards organizations in that country. The materials also contain some terminology and business terms that are unique to foreign countries. The exercises are all in pounds rather than dollars but, in and of itself, this is not a serious concern. |
|
|
Potential Effectiveness as a Teaching Tool |
Rating:  |
|
| Strengths: |
Finance and Accounts 2: Analysing Accounts identifies learning objectives as well as prerequisite knowledge. The module reinforces concepts progressively, demonstrates relationships between concepts as well as builds on prior concepts. It explicity identifies critical thinking skills (knowledge, application, analysis, evaluation) as defined by Bloom's taxonomy. Overall the module is very effective as a teaching tool All three of the links on this learning object lead to materials that are well done. The problems also link to actual financial statements. |
| Concerns: |
The fact that this material was developed in the U.K. for U.K. students may make
it somewhat difficult for U.S. students to use. Some terminology and the fact
that currency is denoted in pounds may be challenging but not overly so. When
one clicks on the problems and link to the financial statements,
the layout is a bit challenging at first. |
|
|
Ease of Use for Both Students and Faculty |
| Rating: |
|
| Strengths: |
The instructions that accompany this learning object are thorough as are the
three links from the main page. The materials are very easy to use for both
students and faculty assuming that students have prerequisite knowledge. The quality of the module in terms of ease of use is excellent. |
| Concerns: |
This module may prove challenging to some U. S. students due to terminology and
currency being recorded in pounds rather thasn dollars. |
|
|
| Other Issues and Comments: |
The module is a very thorough and appropriately lengthy tutorial that includes
significant interaction. |
|
