Analyzing Business Transactions (Chapter 2) consists of a series of 10 You Tube videos. Topics covered are: 1) Resources, events and agents, 2) Accounting cycle, 3) Assets and SHE Dr & Cr, 4) Liabilities Dr & Cr, 5) Revenues Dr & Cr, 6) Expenses Dr & Cr, 7) Journal entries 1, 8) Journal entries 2, 9) Asset anatomy, and 10) Account anatomy. Each video is approximately 5 minutes in length. These videos have been developed to correspond with Chapter 2 of the 9th edition of the Financial Accounting textbook by Needles & Powers.
To reinforce the learning of basic financial accounting concepts covered in an introductory accounting text.
To explain details of accounting transactions in layman terms.
Target Student Population:
High school or college introductory accounting students.
Prerequisite Knowledge or Skills:
This module begins with chapter 2 of the text. Basic accounting terminology and concepts are needed.
Type of Material:
Best used outside of class to reinforce material covered in class.
Evaluation and Observation
Each of the short video clips has the author, Susan Crosson, presenting and explaining basic financial accounting concepts in a clear and concise manner. Content is accurate, current, relevant, as well as informed by scholarship and primarily self-contained. The author is able to discuss topics in a simplistic way so that students with little or no accounting background are able to follow and understand. The videos include excellent examples to help students relate to what is being taught ie. common stock equals outside investors and retained earnings equals inside ownership.
While most of the content is self contained, some of the content requires context. The module was developed to go with a specific textbook.
Potential Effectiveness as a Teaching Tool
Video clips are set up sequentially and build upon each other with lessons broken into small, usable segments.
Concepts are covered with clarity, focus, and organization.
Module appeals to multiple learning styles due to inclusion of visual, audio, and text components.
Module is a good site to refer to students who need additional reinforcement concerning introductory concepts.
The title of each video clip gives an indication of the topic to be covered but no explicit learning objectives are identified.
No overall introduction or summary is presented which would help to tie all the video clips and concepts covered together.
Ease of Use for Both Students and Faculty
This module includes a series of video clips (both audio and visual) with the instructor lecturing with a flipchart (text). The presentations are easy to follow. The author has good vocal inflection and an energetic lecturing style to grasp the viewers attention. The videos can be paused, rewound, or fast-forwarded, and replayed from any point.
The lectures are not necessarily visually appealing. Students will not learn any more from these videos than from a lecture if they dont actively listen and participate. The modules are engaging only if students pause the video. The questions posed are entirely rhetorical. The audio component is of poor quality and can be distracting for students.
Other Issues and Comments:
Abbreviations are not necessarily the same as those used in other texts or by other authorss. A few of the terms used are unique to the Needles and Powers text, but do not pose a major problem. Even if one's course does not use Needles and Powers, the basics of introductory accounting will be the same.