The following quizzes are available from Tutor2u.net and consists of the following topics: 1)Analysing Financial Performance, 2) Balance Sheet, 3)Budgets and Business Plans, 4) Cash Flow, 5) Equity Finance, 6) Introduction to Accounting, 7) Investment Appraisal, 8) Managing Working Capital, 9) Profit and Loss Account; 10) Revenues, Costs, and Break-Even, and 11) Sources of Finance. Tutor2u is a publisher of e-learning resources for the United Kingdom.
Users can self-assess their base understanding of accounting and finance terminology and concepts through the use these short quizzes. The solutions can be viewed at completion of the quiz.
Target Student Population:
High School, College Lower Dividiosn, Adult education classes
Prerequisite Knowledge or Skills:
Principles level accounting concepts are included in these quizzes.
Type of Material:
Drill and practice via multple-choice quizzes.
In class, homework, individual extra credit.
Evaluation and Observation
These quizzes provide quick drill and practice on several accounting and finance topics. They are designed for use in the United Kingdom and to that end are well done. Each topic has a 10-question multiple-choice, self-correctiving quiz that provides question-by-question immediate feedback. Each quiz can be completed repeatedly. Multiple attempts at a quiz results in a different ordering of questions and answers. In addtion, some new questions appear.
Equity finance questions were difficult since most were based on the London market.
A couple of the quizzes had excessive emphasis on the terms creditor and debtor, which are not used as much in the United States.
Other terminology quite different includes assets employed or net assets employed, scrip divident, AIM, debtor days ratio, creditor days ratio, and regional selective assistance. The term stocks could cause confusion for U.S. students. In the United Kingdom this term means inventory rather than an equity share of stock.
In the Analysing Financial Performance module, a subjective answer is given for one quiz question in that "government users would be most interested in how much tax is paid by a business."
Potential Effectiveness as a Teaching Tool
As a mechanism for formative assessment, these drill and practice quizzes provide a fine supplement to learning for individuals studying accounting and finance in the United Kingdom.
The quizzes are efficient, provide immediate feedback, and can be printed. The print out provides the student responses and the correct responses.
Learning objectives are absent except for the title of each quiz.
For questions that require a mathematical computation, no explanation is provided as to how the result was determined.
Ease of Use for Both Students and Faculty
The module is easy to use and instructions are clear.
Visual appeal and engagement are very good. Answer selections appear in blue highlight as they are being viewed, which is very easy on the eyes.
The user interface makes a pleasant sounding click when a choice is made. The clicks make users want to keep moving onto the next question.
Overall the design quality of this learning object is very good.
If this learning module is used as a supplement, it is quite effective. However, students would need to realize this fact and not think each quiz provides comprehensive testing on the topic.
When printing a quiz, the wrong heading appears at the top of each quiz. As a result, all quizzes are labeled Analysing Financial Performance, regardless which of the eleven quizzes was completed. For grading purposes, this flaw could be problematic.
Finally, when users click Finish on any particular quiz, instead of bringing the users to another quiz, the site is exited entirely. If users click on the Back button, instead of the intuitive Finish button,then they will stay at the site.
Other Issues and Comments:
These quick quizzes can allow students to self-assess their knowledge. Exploring additional linkas available may lead students to other materials on the webset that may also facilitate learning.