Showing posts with label Financal Accounting. Show all posts
Showing posts with label Financal Accounting. Show all posts

Tuesday, March 5, 2013

HOW WOULD YOU HAVE ANSWERED THIS QUESTION?



I think college education would improve rather quickly if students would start asking more questions about the process. For most of them, it is their one and only shot at a college education. What they learn and then know for the rest of their lives is dependent on how well that process works. It is not something that they should take lightly. The efficiency of the process might be important to the teacher but it is essential to the lives of the students.

Personally, I believe transparency is a good idea. Plus, what a teacher does should be able to withstand a little scrutiny from the students that are involved. If I cannot explain why I am doing something, I probably need to rethink it.

However, we tend to train our young people to be very obedient – to do what their elders tell them to do without asking any questions. I have often speculated that I could walk into a college class and start giving nonsense assignments about Martians and the North Pole and most students would fall right in line and do exactly as they were told. Obedience is nice but I’d prefer for my thinking students to start asking questions.

Of course, some faculty members treat student inquiries as rude behavior much like W. C. Fields’ famous retort: “Go away kid, ya bother me.” That type of response will train any student to sit and be quiet.

I was pleased, therefore, to get a question recently from a college student about the educational process. Here is the question that was sent to me and below that I will give my response. However, before you read my response, stop reading and determine how you would have answered this question? I’ve got my answer but what is your answer?

From the student:

Dear Professor Hoyle, I am a 3rd year accounting major at University of Florida. I love reading your blog and even though I am not a teacher, your writings have tremendously helped me improve, both as a person, and as an accounting major.

I remember a story I read a long time ago and it gave me an idea which I want to share with you. “The story goes that Milo, a famous wrestler in ancient Greece, gained his immense strength by lifting a newborn calf one day when he was a boy, and then lifting it every day as it grew. In a few years, he was able to lift the grown cow. The calf grew into a cow at about the rate that Milo grew into a man. A rather freakish man apparently, since grown cows can weigh over 1000 lb. The point is, the calf grew old along with the boy.”

At UF, most of our accounting courses have 3 exams; 2 midterms and 1 final, thus each exam covers around 4-5 chapters. I understand that our accounting professors want to improve our critical thinking abilities during the course of the semester but I feel that bombing the first exam puts many students at a disadvantage and they have to end up dropping the course (even though they still might be able to bring their grades up eventually).

Wouldn't it be better if there were more exams and each exam was incremental? Hypothetically, the first exam covers only 1 chapter, the second covers 2 chapters, third covers 3 chapters and so on. Do you think this approach would still be useful in developing the critical thinking ability of students? Or is it going to defeat the purpose of “uncertainty” and just train the students on how to get better at taking the exam?
**

Okay, that is a very legitimate question. I think every teacher has had students who bombed the first test and then either dropped the class or just gave up. However, there are many reasons why a student might do poorly on a first test. They might have had one or two other tests on the same day. They might have been sick or a personal matter could have come up as a distraction. Most importantly, maybe they just needed that first test to gain an understanding of what the teacher wanted from them.

Given the importance of grades, how much emphasis should we put on the outcome of that first test?

Stop and think about it – this student clearly seems troubled by the approach that most of us use.
**

Here’s my answer to this question. When I initially got the email, I responded with a slightly different version but I’ve thought about it since that time and have done some editing. In truth, though, I’m actually much more interested in your response.

To the student from Joe Hoyle:

Thanks for the very insightful question -- and I really love the story of Milo. It is amazing how well a story like that can make a person's point so clearly.

You are obviously right -- a student can be devastated by a first test grade and either drop the class or stay in the class but just give up. Neither reaction is what a teacher really wants.

From a practical side, the problem is that the student and teacher often have different views of a test. For a student, it is extremely stressful and the grade is tremendously important -- potentially impacting careers and jobs and the like. One bad test grade can literally change a person's life. That is not an overstatement.

For a teacher, a test is a pain in the neck. They can be difficult to write and they are time consuming. Grading can be excruciating and coming up with a precise grade is hard to do (unless a teacher just has infinite confidence in their testing and grading abilities). Plus, every day that you give a test takes a day away from the learning process.

And, after the teacher gives the grade, he or she may have to endure student after student arguing about the validity of the grade.

Any time you have an event that is essentially important to one side but painful to the other, you have the potential for a problem. My bet is that most teachers would prefer to give no tests at all. Even if your suggestion is better for the students, it puts more work on the teacher -- time the teacher probably doesn't have because of other class work, research, and committee assignments. (If you are a student who has bombed the first test in an important course, that justification probably does not seem very satisfying.)

Isn't this a strange world where the good of one side is often a problem to the other?

I have friends who give periodic quizzes for just the reasons you mention and that seems like a reasonable approach. However, again, how much class time do you want to allocate to testing? And, how much time does the teacher want to allocate to writing and grading and discussing tests?

I don’t know if you know what a test bank is but test banks have become popular because they allow the teacher to outsource the testing process to someone who knows little or nothing about your class. The test is just as important to the student but requires less thought and work by the teacher.

Here's what I do. I teach 50 minute classes three times per week. Although this schedule has become much less popular over the years, I think having more repetition makes for better learning. In addition, having more classes makes it is easier to set aside additional days for testing.

I give three tests during the semester and a comprehensive final exam. In my Intermediate Accounting II class, I also require three short papers. With this system, each of the hourly exams counts 20 percent of the student's final grade.

When we come to the first test and the students are beginning to panic (some seem ready to have a nervous breakdown), I try to reassure them – “Whether you do great or whether you do awful on this first test, it is only 20 percent of your grade. This is just a first step in showing you what I want you to learn. If you have a problem, you've got plenty of time to make adjustments and get the grade up.”

I want to give my students a chance to see how I test. The grade on that first test is still important -- it is 20 percent of the overall grade -- but I don't want to crush their spirit if they have a bad day. I want them to focus on a longer term goal. I want each student to be great by the last class. I have no other objective. I think having a first test that counts 20 percent is a good way to push my students toward that goal.

But it is important for them to realize that if they do not do well on that first test, then they must make adjustments. If a student makes a 59 or 67, that better be a wakeup call that changes are necessary.

Every semester I will have students who bomb the first test but still make an A in the course because they wake up and say “this old guy is not kidding, he really does expect me to think about this material and learn it.” And, they immediately become better students and save their grades.

Those are often my favorite students because they didn’t quit or give up. That made adjustments and learned what I wanted them to learn.   They had time to do that and they made good use of that opportunity.  I wish I had more students like that.



Wednesday, December 26, 2012

TWO STUDENTS I MISJUDGED


I am now halfway through my 42nd year as a college teacher.   This semester (like all semesters) had its ups and downs.   There were days when every student seemed brilliant and days when no one seemed to be able to count to four.     I don’t think I taught any geniuses but almost every student appeared capable and, hopefully, gained something of lasting benefit.   I started with 73 students and a total of 16 finished with the grade of A.   I always hope for more excellent work but 21.9 percent was not bad.   I try not to contribute too heavily to grade inflation.

At the end of every semester, there are always a few students that I wish I had handled differently.   I often ponder them long after class has ended.   With 73 students, it can be difficult to get an accurate read on each student at the beginning of the semester.   Some need carrots to do well and some need sticks.   Often, I feel frustrated because I do not have the time needed to determine what buttons to push to get individual students excited about the learning process.    In those cases, I am left wondering if I helped or hindered the student’s learning.

When I travel around the county speaking to teachers, I get to talk with a lot of folks.  One common theme I hear is that students do not always appreciate what teachers do for them.   “If I work them hard, they are unhappy.”   “If I challenge them to go deeper, they rebel.”   “Why should I work so hard when the students prefer the easy way?”   Teaching can be really frustrating.

And, in truth, human beings (even teachers) need motivation.   Everyone needs a pat on the back as often as possible.   It is hard to beat your head against a wall if no one really appreciates what you do.

Occasionally, though, I am brought back to reality and reminded that many (if not most) students really do care about their education.   But, they do not always have an easy way to show their appreciation for what you do.   Last week, I got emails from two of my fall students, two students that I never expected to hear from because I was not sure whether I had taught them anything or not.   Until I got their emails, I would have included them on the list of:   “I didn’t get through to these students very well.”   I guess that is my point:   Sometimes you just never know.

Student A

Student A seemed extremely quiet.   He was a student in my Introduction to Financial Accounting class.   When I called on him each day, he would take a long time to answer and his answers frequently seemed very hesitant and unsure.   As a result, if you had asked me, I would have said that he was not well prepared.  I assumed his hesitancy was because he was not terribly interested in the material.   From my vantage point, that was how it appeared.

The email I got from Student A last week was 1,276 words long.   I cannot remember ever getting such a long email from a student.   All semester, I thought he was a relatively nonverbal student when, in fact, he was just quiet.   He was not uninterested, he was quiet.   If this email was any indication, he was actually a very very verbal student.  

This student that I thought was basically uninterested in financial accounting was, in fact, one of the most interested.   I would have said that he did not appreciate what I did when he really did.   I misjudged him completely.   I am not sure how I should have taken advantage of that knowledge but I judged him incorrectly and probably should have pushed him harder.

Here are just a few (494) of those 1,276 words.

“I wanted to wait to message you until after I received my final numbers so I didn't appear as a brown noser pleading for a better grade. I just wanted to thank you for a great semester. Regardless of whether my letter grade ended as an A, B or C, I can honestly and confidently say that I walked away from your course knowing a great deal of new information about accounting. This class was unique for me- instead of studying just enough so I could pass a test and then forget everything I had learned, the accounting information became ingrained in my head. I began to, actually, like my accounting course. What impresses me most about your teaching abilities is that you instruct a course (accounting) that is considered to be boring/monotonous/dreary by so many people, and you manage to spark an interest within your students. . . . You ran a very tight ship, but that is what you told us to expect from the beginning. From day one, and through each and every email and paper you sent to us, you reinforced the fact that you would expect a lot of time and dedication from us. I appreciate your honesty. I appreciate your strategy of pushing your students to their academic limits. . . .  The thing that had the biggest impact on my thinking was the comparison you made one day between professional athletes and business world professionals. You said that when we look at professional athletes, we automatically assume that they had put in countless hours of perfecting their craft to be where they're at now but, for some reason, the same generalization is not made about those who work in the higher levels of business. This statement was very true and I thought about it for a long time after class. I questioned my own efforts and settled on the fact that I had not previously been putting in the time to my studies that I should have been. I do not lack any work ethic in the athletic department, probably because it is what I love to do the most. A few hundred swings and hours in the weight room are no hassle to me. However, I could honestly say that during my freshman year, and during most of this past semester, I was doing enough to get by and do 'well enough' but was I really pushing myself to become substantially better in the classroom? The answer was no- not at all. Your words that day helped me redefine my work ethic when it came to school. I started taking a little more pride and setting aside a little more time for my studies. I kept my new approach through the end of this past semester and I was pleased with my final grades. I am not saying you are the sole reason why I did well overall this semester, but your lessons definitely helped me.”

 
Student B

Student B was in my Intermediate Accounting II class and seemed completely uninterested.   His answers were almost flippant and I kept wanting to ask him why he was in the class if he cared so little.   His work on tests was all over the place from a 71 to a 92.   I fully expected him to make a D or an F on the final exam and perhaps a D in the course.   In my own mind, I had him firmly labeled as “having not one iota of interest in accounting.”

But then, Student B made a strong A on the final exam, a test that I considered incredibly complicated.   I was stunned.   I wondered if he had sent in a clone to take the test for himself.   I would have bet that he did not appreciate one thing about my teaching of that class so I didn’t understand that excellent work on the final exam.

Then, out of the blue, I got the following email.

“I just want to thank you for a fantastic semester. I can honestly say I enjoyed coming to your class every day of the week, as it was one of the only classes where I felt that I could sit and figure things out instead of scrambling to write down every word the professor says, to try and "learn" it later. After this semester I feel that I have grown much as a person, and more than ever find pleasure in things intellectual and thought-provoking. In car rides that used to be filled by whatever mindlessly popular music the radio station chose to broadcast, I now find myself either listening to talk radio or turning off the radio all together and pondering different facets of my life or humanity as a whole.   Not only has this class enriched my ability to think about life, but I feel to have gained a real understanding of financial accounting. While during the semester I may have seemed somewhat uninterested, I promise you this was never the case. My problem was that I easily understood about 85% of the material, and thus didn't feel particularly pressed to immediately work for the other 15%. Interestingly enough, when I sat down to begin studying for the final, I found that going back through the material was not as stressful as I expected it to be. The concepts I had learned throughout the entire semester were clear and seemed to flow together perfectly. I honestly enjoyed the 4 hour final, as it gave me a chance to sit down and think through problems, and the fact that I was able to easily reason through them was actually fairly exciting for me.”

I had 73 students this semester.    Only 3 or 4 chose to write me an email about the semester.   And, much to my surprise, two of the most interesting emails came from students that

(a) I clearly did not understand too well during the semester and

(b) I would have labeled as not at all appreciative of the class.

As I have said before, I write these blog entries for me more than for you.   So, what should I take away from these two emails?

First – don’t rely too much on external appearances.   Work harder to get to know the students as best you can.   One of the absolute great things about teaching is that every student brings his or her own issues and personality to your class.   After all, you don’t teach a class; you teach people.  

Second – don’t waste so much time worrying about whether students appreciate what you do.   You simply may never know.   If you work hard and if you understand what you want your students to learn and if you challenge them (but do so fairly), they will come to appreciate what you do.   Yeah, there may never be a way for them to express that appreciation but it is there.
 

Saturday, September 1, 2012

ONE WEEK DOWN



We completed our first week of school yesterday.

I always believe that this is an important juncture. Is the class going to fall into a lethargic mediocrity or begin to take off? We only have about 14 weeks. If we are going to have something great, we need to start building on that almost immediately. If you begin to lose student enthusiasm, you may never get it back.

So, this morning, I wrote my students a note to make sure they each understand what it takes to be good in my class. The goal is not to cram the night before the test. The goal is to understand the material today so that you can answer more questions tomorrow. I’m hoping they’ll buy into that as a goal worth taking seriously.

Here’s the note that I wrote to my students in Intermediate Accounting II.

“I thought we had an excellent first week. That’s what I want and that’s what I want every day and every week. Success is never earned by an occasional good day of work. I want you to be consistently excellent.

“I have three pieces of advice now that you have gotten a feel for this course.

“First, I hope you see that what we are doing every day is helping you to see how to think about and answer new situations, problems, and questions. In that way, when you get to each test, you will have already been trained in analyzing and answering questions. You should be ready for whatever I throw at you. To do this, it is essential that you spend an adequate amount of time preparing for class. If you are not spending 60-90 minutes preparing for every class, you are probably shooting for a C. That’s just a fact. Put a clock on it and see how much time you are devoting.

“Second, when I ask a question on Friday, I expect you to know what we did in class on the previous Wednesday. We are constantly adding to what we have learned so I have to make the assumption that you know what has been covered. When, I ask in class on Friday ‘how did we answer this type of question on Wednesday?’ and I get blank stares, that is not a good sign. That’s not what I want or expect. Therefore, after every class, spend 20-40 minutes going back over and organizing the material from the previous class. We’ll never get anywhere if we are constantly having to relearn the material.

“Third, you should always be looking for connections. Everything is tied together. I realize that this is different from what you are used to in school but you are bright folks and you are capable of making those connections. You are just a few months away from working in the real world. Consequently, you don’t need a ‘copy and memorize’ course. You need a ‘think about this and figure it out’ course. When we determine, ‘a loan is shown as a noncurrent liability if it has been refinanced (zero chance of paying a current asset) or if the company has obtained a noncancellable agreement to refinance (zero chance of paying a current asset)’ and then I ask ‘What is the precedent we can take from this rule so that we can use it when we are deciding whether any other liability should be reported as current or noncurrent?’ I believe you can make that connection and figure out the answer. The connection is there -- pointing the way for you.

“Okay, it’s easy to bail out and say ‘you haven’t told me so I don’t know.’ Baloney, you can figure it out.

“This is not an intro course. It is a very very very difficult course. However, I believe that every one of you folks has the ability to make an A. Why then do I usually have only 18-20 percent of the students earn A’s. That’s easy to answer: Most students do not spend 60-90 minutes preparing for EVERY class and 20-40 minutes reviewing after EVERY class. Therefore, they never really learn to analyze and make connections and answer questions. But that’s a talent truly worth having.

“I am not naïve. I do realize that this course can be hard. Your attitude toward that degree of challenge is important. It is easy to give up. But, to quote Tom Hanks: ‘It's supposed to be hard. If it wasn't hard, everyone would do it. The hard is what makes it great.’

“It’s the hard that makes it great. I couldn’t have said that better myself.

“In fact, go watch Tom say those exact words:”

http://www.youtube.com/watch?v=ndL7y0MIRE4

Thursday, June 14, 2012

Lazy? Or What?

Several weeks ago, I had the privilege of speaking to 70 teachers or so at the Kentucky Accounting Educators’ Forum. At one point in that presentation, I made a comment that working with students who can often be incredibly lazy is a real challenge for every teacher. My guess is that every teacher has mumbled similar words over the years.

Later that day, Randy Hahm who is on the faculty at Kentucky State drove me to the airport. On the way, Randy told me about one of his favorite quotes from Zig Ziglar, the world famous motivational speaker: “There’s no such thing as a lazy person; he’s either sick or uninspired.” I don’t remember much else about that day but those few words have stuck with me since that car trip. My students rarely appear sick. So, whenever I’m dissatisfied with their efforts, is it laziness or is lack of inspiration?

Lazy or uninspired? On the surface, you might ask what difference does that distinction make? I think it makes an important difference as you think about your role as an educator.

--Laziness would mean that a lack of understanding and a resulting poor grade are basically the student’s own fault; the teacher is not the one to blame. I can wash my hands of any guilt. The student got what the student deserved.

--On the other hand, lack of inspiration can be attributed (at least in part) to me as the teacher. If students are not working up to their potential, I have not yet figured out how to get them interested or involved enough. I have not convinced them that the understanding is worth the effort. Instead of blaming the student, perhaps I should try some new type of inspiration. If Zig Ziglar is correct, then I need to look differently at students that I have previously classified as “lazy.” Perhaps, I have washed my hands of guilt a bit too quickly.

Question 1 – how can a teacher inspire students?

For most, inspiration is typically limited to carrots and sticks.

---“Learn this material and you will get a good grade.”
---“Learn this material and you will get a good job.”
---“Learn this material and your mom will be proud.”

Those are all common carrots used to inspire students to do high quality work. Do the work and there is a vague payoff down the line somewhere.

---“Learn this material because it will be on the test.”
---“Learn this material or you are going to fail.”
---“Learn this material because no one is going to hire you with a D on your transcript.”
---“Learn this material or you are wasting your tuition money.”

Those are all sticks used to prod students into working. If you don’t do this work, something bad is going to happen to you.

In the past, I’ve used both carrots and sticks. However, I’m not sure we shouldn’t get away from over-reliance on both carrots and sticks. Actually, I’m not sure they are really inspirations. They seem more like bribes and punishments.

Maybe we should think more about true inspiration.

---“You are capable of doing this. Let me show you how this material might be useful to you as you make decisions in your chosen career.”
---“You are capable of doing this. Let me show you why this material is actually interesting.”
---“You are capable of doing this. Let me show you how working out this answer is like solving a challenging puzzle.”
---“You are capable of doing this. Let me show you how understanding this material will help you as we move to our next topic.”

These are neither bribes nor punishments. A benefit is promised that is more immediate and goes beyond a simple letter grade. The teacher is trying to build confidence while giving the student a legitimate reason for doing the work. The teacher is working to promote inspiration over laziness.

Question 2 – is it your responsibility to inspire students?

But is the teacher really responsible for inspiration? I know plenty of college professors who will say “I teach my classes. The students are adults; it is their responsibility to motivate themselves. Whether they are lazy or uninspired makes no difference to me; it is their problem. It is up to them to prove they want to do well.” That’s a very good point. “Cheerleader” is not part of the job description.

In fact, I have this argument with myself rather frequently. In the end, I always come back to the same point: I want results. By hook or crook, I want results. I want my students to learn and understand. I’m willing to accept some responsibility for student inspiration if it leads to student success.

Recently, a colleague of mine, Randolph New, emailed me a copy of an article from the online version of The Chronicle of Higher Education (April 15, 2012) titled “Can Colleges Manufacture Motivation?” by Dan Berrett. (I do realize that “motivation” and “inspiration” are two different things but I’m not sure students realize that. In fact, perhaps we all try to motivate our students when we really should be trying to inspire them.)

The article discussed the importance of motivation in the success of college students. In this article, according to the Wabash National Study of Liberal Arts Education, 2/3 of four-year college students said their motivation levels had stayed the same or actually dropped during their college experience. That’s a fairly high percentage of students who felt absolutely no increase in motivation as a result of college. Okay, here’s the obvious question: How would the educational experience (for students and teachers alike) have changed if all those students had seen an increase in their motivation? My guess is that their classes would have been significantly better in almost every conceivably way. Perhaps some motivation/inspiration really can improve education.

There are two additional thoughts in this article that I want to mention. One was just a wonderful description of the teachder's impact on a student: “There was an identifiable moment in which a faculty member created a spark in them; students became energized or excited by a topic, an idea, or a discipline. In those moments, he said, a faculty member conveyed to the student that he or she could perform on the collegiate level.”

It is hard to read those sentences without becoming excited about teaching. That’s what I got into this business to do. I especially liked the way teachers can create that spark in their students.

The second thought was a more personalized observation within this article: “The researchers in the Wabash study attributed the differences in motivation more narrowly. Their findings suggest that motivation is a product of professors more than it is of colleges.”

When it comes to motivation (or inspiration), it is not the college that counts but rather it is the teacher. Whether you teach at the best known college in the country or the least known, it is not the school that makes the difference; it is the teacher that does. If there is going to be that spark, it has to come from the teacher. If we are going to move away from lazy students to inspired students, it has to come from the teacher.

Question 3 – how do you inspire students?

My final question is just a general one: How do YOU try to inspire your students? Forget about carrots and sticks for a moment. Get away from bribes and punishment. What do you do that might inspire your students? If you have not thought of that question before, today might be a good day to start. If you have even one student that you would classify as lazy, how can you turn that person into an inspired student? In the end, that might make all the difference in the world.