This tutorial offers viewers the opportunity to understand the differences between financial and managerial accounting by presenting a business scenario and specific connections with both types of accounting. A point-by-point analysis offers clarification about specific differences in daily job functions and job titles. An explanation of the CPA’s role in both types of accounting is included.
Type of Material:
Tutorial.
Recommended Uses:
Individual use as homework. Review or refresher for students enrolled in financial or managerial accounting or an introduction to business course.
Technical Requirements:
Firefox or equivalent browser.
Identify Major Learning Goals:
To compare and contrast financial and managerial accounting and their use in a business context.
To understand the different financial and accounting professionals found in different business settings.
To identify the various functions performed by employees in financial and accounting professions.
To know what a CPA is and this professional's role in business.
Target Student Population:
Financial Accounting - Managerial Accounting - College all levels - Professional Development.
Prerequisite Knowledge or Skills:
None.
Content Quality
Rating:
Strengths:
This tutorial presents the essential ideas of financial and managerial accounting. The initial example presented gives the audience a framework for understanding the material. A transcript of the presentation can be downloaded.
Concerns:
Context will be required for this presentation. In its present form it is not self-contained. As a result, a sufficient amount of material is not included.
The presentation is not informed by scholarship. The description of a CPA is not accurate. For example, the acronym GAAP stands for Generally Accepted Accounting Principles not Practices. Technical precision is also lacking for other definitions throughout.
Potential Effectiveness as a Teaching Tool
Rating:
Strengths:
This tutorial identifies the differences between two concepts and uses a compare/contrast approach to reinforce the learning. The presenter outlines his content at the beginning of the video and then summarizes it again at the end of the presentation. The tutorial mays serve as a useful complement to business and accounting courses or as a standalone piece despite its technical inaccuracies. A four question quiz does accompany the presentation for viewer's to test their learning.
Concerns:
The prerequisite knowledge needed is unclear. It seems as though this tutorial follows another one as it references having previously talked about what a financial manager is and what this professional does.
Despite have a structured outline, the content within the outline seems disconnected and the author seems to ramble from point to point. As a result, concepts are not entirely introduced progressively and linked to prior concepts.
Ease of Use for Both Students and Faculty
Rating:
Strengths:
The tutorial is easy to use. A table of contents has been included that indicates which portions of the video cover which topics. However, the design quality of the slide deck is marginal.
Concerns:
While a transcript exists for the presentation, the script does not appear to have been developed prior to delivering the presentation. It is not succinct and and does flow well.
Some type of animation as well as more meaningful graphics are needed to mentally stimulate and maintain audience attention The slides are basically white text on a very dark background. Visualizations of the accounting working environment and external vs internal reports during the presentation are also not present.
At least one misspelling exists in the slide deck ("Financial Mangers" should be "Financial Managers"). The slide that displays the acronym GAAP has it defined as Accepted Accounting Practices, omitting the work "Generally" and incorrectly using the work "Practices."
Creative Commons:
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