Instructors' Forum

This Instructors’ Forum includes videos, exercises and related materials to help instructors gain insights and ideas on how to use Navigating Accounting. In particular, it includes a video series on teaching students how to make more informed judgments.

Click links for related resources:

Sample Course Maps:

Detailed Course Syllabuses with Teaching Tips

 

Sample Exams:

Financial Accounting Exams

 

Video Series: Helping Students Make Informed Judgments

Why teach students how to make more informed judgments? The short answer: more informed judgments lead to better decisions and more effective and efficient use of resources.

Moreover, raising students’ awareness about accounting judgments in introductory courses and helping them make more informed judgments is essential to elevating the public image of accounting to the point where leading accounting practitioners and academics become more influential in the media and public policy.

There are three other reasons students need to learn how to make more informed judgments: First, to identify bad advice and uninformed arguments. With the advent of blogs, Wikipedia, free on-line courses, and other platforms, virtually anyone can express opinions. Good advice and arguments often get buried in seas of gibberish. Second, to evaluate competing arguments, which is especially challenging when the arguments are sophisticated. Third, to make more informed judgments when preparing, auditing, or using reported numbers.

The following resources center on measurement, one of two areas where accounting judgments can be particularly challenging. The other area is choosing between acceptable alternative treatments in situations where objective experts disagree on the best treatment and the financial statement consequences of the alternatives differ considerably and are significant. This is a topic for another day.

icon_KeyLessons.gifTip: Save PowerPoint and OneNote files to your desktop first. They maybe slow to open up on-line.

 

Judgment Reading Material:

Measures, Judgments, and Risks Behind Balance Sheet Numbers [pdf]

 

Judgment Videos and Exercise Materials:

Part 1: Introduction

Part 2: Asset, Liability, and Owners’ Equity Measures

Part 3: Connecting Users’ and Preparers’ Judgments

Part 4: Risks and Rewards

Part 5: Risks and Rewards Application: Mall Exercise and Credit Crisis

Part 6: Factors Driving the Dispersion of Measures

Part 7: Income Measures

Part 8: Cash Flow Measures

Part 9: Statistics, Measurement, and the Financial Crisis

Part 10: Statistics, Measurement, and the Fair Value Hierarchy

 

 

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Part 1: Introduction

Topics:

  • Why should students learn how to make informed judgments?
  • Freeing up time for critical thinking
  • Decision making hierarchy
  • Characteristics of informed judgments
  • Introduction to comprehensive exercise
  • Related resources
  • Closing thoughts

 

Video: Context for this series on teaching judgment. [39 min]

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Class Materials:

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Part 2: Asset, Liability, and Owners’ Equity Measures

Topics:

  • Asset definition and measurement
  • Liability definition and measurement
  • Owners’ equities definition and measurement
  • Closing thoughts

 

Express Video: Suggested audiences, objectives, and overview. [4 min]

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Scenic Video: Suggested teaching tips. [40 min]

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Class Materials:

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Also see Balance Sheet Chapter exercise: Send students directly to this link for the related exercise: http://www.navigatingaccounting.com/exercise/exercise-bswis050

 

 

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Part 3: Connecting Users’ and Preparers’ Judgments

Topics:

  • Three-decision framework
  • Reporting incentives and challenges
  • Closing thoughts

 

Express Video: Suggested audiences, objectives, and overview. [5 min]

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Scenic Video: Suggested teaching tips. [59 min]

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Class Materials:

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Part 4: Risks and Rewards

Topics:

  • Asset uncertainty and measurement dispersion
  • Asset risk
  • Risks and rewards
  • Risks and returns
  • Financial leverage and its consequences
  • Closing thoughts

 

Express Video: Suggested audiences, objectives, and overview. [4 min]

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Scenic Video: Suggested teaching tips. [44 min]

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Class Materials:

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Part 5: Risks and Rewards Application: Mall Exercise & Credit Crisis

Topics:

  • Shopping Mall Exercise
  • Closing thoughts

 

Express Video: Suggested audiences, objectives, and overview. [4 min]

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Scenic Video: Suggested teaching tips. [33 min]

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Class Materials:

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Exercise assignment [pdf]

Payoff worksheet [pdf]

Balance sheet worksheet [pdf]

Balance-sheet-equation worksheet [pdf]

Balance-sheet-equation solution [pdf]

In-class props [pptx]

Also see Balance Sheet Chapter exercise: Send students directly to this link for the related exercise and templates: http://www.navigatingaccounting.com/exercise/exercise-bshunafc030

 

 

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Part 6: Factors Driving the Dispersion of Measures

Topics:

  • Ideal measurement distributions
  • Actual measurement distributions
  • How factors can inform accounting judgments
  • Closing thoughts

 

Express Video: Suggested audiences, objectives, and overview. [5 min]

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Scenic Video: Suggested teaching tips. [44 min]

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Class Materials:

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Part 7: Income Measures

Topics:

  • Income definition
  • Connecting income statements to balance sheets
  • Income measurement
  • Closing thoughts

 

Express Video: Suggested audiences, objectives, and overview. [4 min]

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Scenic Video: Suggested teaching tips. [44 min]

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Class Materials:

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Perez 1 worksheet [pdf]

Perez 2 worksheet [pdf]

Generic company worksheet [pdf]

Also see Income Statement Chapter exercises. Send students directly to these links for the related exercises:

http://www.navigatingaccounting.com/exercise/exercise-iswisscoe023

http://www.navigatingaccounting.com/exercise/exercise-iswbnisbse050

http://www.navigatingaccounting.com/exercise/exercise-iswbnisbse060

 

 

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Part 8: Cash Flow Measures

Topics:

  • Operating cash flows
  • Comparing income and operating cash flows
  • Closing thoughts

 

Express Video: Suggested audiences, objectives, and overview. [3 min]

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Scenic Video: Suggested teaching tips. [7 min]

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Class Materials:

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Part 9: Statistics, Measurement, and the Financial Crisis

Topics:

  • Statistics and measurement
  • Mark-to-market controversy
  • Statistics and informed judgments
  • Closing thoughts

 

Express Video: Suggested audiences, objectives, and overview. [4 min]

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Class Materials:

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Part 10: Statistics, Measurement, and the Fair Value Hierarchy

Topics:

  • Fair value hierarchy
  • Statistics, measurement, and the hierarchy
  • Closing thoughts

 

Express Video: Suggested audiences, objectives, and overview. [2 min]

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Scenic Video: Suggested teaching tips. [9 min]

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Class Materials:

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