FREE Webinar for NBEA Members
Teaching Accounting With Graphics, Innovative Language And Manipulatives
Accounting and business teachers have been seeing breakthrough results by using a graphical general ledger and innovative educational definitions of key accounting terms.
Based upon research that’s been ongoing for nearly two decades, business, high school and college teachers have been using a diagram called the BaSIS Framework to explain the workings of double entry accounting. Named for the Balance Sheet/Income Statement the diagram is a graphical color-coded general ledger. It focuses attention on the ontological meaning on the five elements of accounting, playfully known as RELAX, for Revenue, Equity, Liabilities, Assets and Expenses. Students use physical tickets and buckets to model a business scenario onto a popup “BaSIS Board”. The linguistic and visual approach has achieved notable results in business and school settings. Harvard Business School has endorsed it.
The webinar will demonstrate the visual and kinesthetic teaching system. A pioneering high school accounting teacher will share his experience using it in his classroom.
Participants will:
- See how a “pointable” diagram helps overcome confusions that stem from the accounting duality (such as conflating cash and revenue)
- Discover financial-communication blind spots that most people have
- Meet the top 15 accounting mistakes business students make
- Gain insights into accounting as a root cause intervention underpinning financial literacy and business acumen.
