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What is Managerial Accounting and How Does it Differ from Financial Accounting?

Snyder

When starting a business, all the paperwork and accounting may seem daunting. No matter how large or small your business is, managerial accounting will help you gain profit. This type of accounting aims mainly at forecasting and long-term business decisions and is used to ensure your company’s financial health.

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In a Battle Between ChatGPT and Accounting Students, the Students Won

CPA Practice

Academics from 187 universities wanted to know how an AI chatbot would do on accounting exams. He ended up getting a staggering 327 co-authors from 186 educational institutions in 14 countries participating in the research, contributing 25,181 classroom accounting exam questions.

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Announcing “Accounting Explained,” a new podcast for introductory accounting featuring Professors Jill Mitchell and Wendy Tietz

Wendy Tietz

I am excited to announce that Professor Jill Mitchell and I have teamed up to create a series of podcasts for introductory financial accounting. Our podcast is called “Accounting Explained.” Additionally, the podcast is […]

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Academics Pitted Human Accounting Students Against GPT-3, Students Won

Going Concern

As aspiring lawyers everywhere learned with horror that GPT-4 is capable of passing the bar exam (in the 90th percentile of test-takers, no less) a whole bunch of academics were not-so-quietly putting GPT-3 to the test on accounting. We also discuss implications for accounting education and research. TL;DR Not great, Bob.

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Accounting Professors Receive Honors from Illinois CPA Society

CPA Practice

The Illinois CPA Society (ICPAS) has presented its Outstanding Educator Award to two Illinois accounting faculty as part of its 2023 awards program. Accounting educators are instrumental in stewarding the next generation of leaders into the profession,” says Geoffrey Brown, CAE, president and CEO. Madeline K. Trimble, Ph.D.,

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Fixing the Balance Sheet

Withum

Being able to get an overview of a financial statement quickly is important to determine if additional time should be allocated to a thorough review. This is one of the skills my students will learn this semester in my Baruch College Introduction to Managerial Accounting course.

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New! Crossword and word search puzzles to review financial statement analysis

Wendy Tietz

Below are links to a crossword puzzle to review financial statement analysis concepts in financial accounting – and links to a word search puzzle to review the same concepts.