How Does Technology Integration Impact the Accounting Curriculum

How Does Technology Integration Impact the Accounting Curriculum and Accreditation? Carol Yacht, Author Mc. Graw-Hill Education carol@carolyacht. com

Topics • Technology Examples: AIS Scenario, from Fortran to the cloud, Intuit. • Accreditation: Pathways Commission on Technology and AACSB. • Information Systems & Pedagogy: IS Model, Quick. Books Online, Teaching and Learning Ideas, Bloom’s Taxonomy. • Q/A/Discussion carol@carolyacht. com

AIS Prof. Steve Loflin, Augusta University Scenario: You've just started working at a firm that uses Quick. Books Online and you're learning from a manual prepared by the previous accountant under a slightly different QB Online User Interface. It is your job to figure it out! Ø I tell my students this course is boot camp for on-the-job learning. Ø These are students who download and figure out new apps all the time. I'm sure they can adapt to User Interface changes. Ø I use Robert Hurt's AIS text. One of his themes is critical thinking. Requiring students to figure out changes in UI will help reinforce critical thinking. Ø I'm a huge proponent of cloud software. In the age of ubiquitous internet and varying hardware, it is the only way forward for Academic software. In addition to an increasing number of Macs, I now have students with Chromebooks in my classrooms. The times they are a-changin’. carol@carolyacht. com The Times They Are a-Changin’ Released January 13, 1964

Carol’s journey from Fortran to the cloud 21 st Century 20 th Century The times they are Quick. Books Online a changin’ Cloud Internet (LMS) Data Processing Fortran University of New Mexico Accounting Programming Computer Acctg. AIS DOS to Windows (desktop) Sage-Peachtree Great Plains Quick. Books Blackboard Desire to Learn Moodle MS Dynamics Sage 50 c Net. Suite SAP Adaptive learning Tableau platform: Connect 1994 -2018: Sage-Peachtree 20/e; QB desktop 8/e 2016 -2018: Computer Accounting with Quick. Books Online−A Cloud Based Approach, 1/e and 2/e

What does Intuit say? We are fully committed to winning in the cloud, with more than 30 million Intuit customers using these offerings anywhere, anytime across a variety of devices. The benefits are clear — online experiences are better for customers, expand the total market, and generate more predictable, recurring revenue streams. More new customers choose Quick. Books Online than Quick. Books desktop. --Brad Smith, Intuit CEO “Together we will move your Quick. Books course to the cloud, ” Nico Valencia, Intuit Education Program, education@intuit. com. v QB Online is FREE for schools − no site license fees. Ø Work from a PC, Mac, smartphone, or tablet at any time. v Unlimited QBO access for professors; 5 months for students carol@carolyacht. com

Association to Advance Collegiate Schools of Business

Pathways Commission on Technology Transform learning experiences to reflect current and emerging technologies and global trends in business. Technology is used to gather, transform, and analyze data into meaningful information for decision making. Currently, many different accounting and business technologies are used by all types of organizations worldwide. Big data and emerging areas related to data analytics should be a key component of accounting curricula. Ø Ø Ø Ø Ø Cloud infrastructures. Web-based collaborations. Data visualization Database dashboard metrics. Enterprise business services. Telecommunications. Integrated audit models. Extensible business reporting protocols. International financial reporting standards. These changes are dramatically reshaping the policies and processes of the profession. carol@carolyacht. com

AACSB Standard A 7 • Accounting degree programs include learning experiences that develop skills and knowledge related to the integration of information technology. • Competencies: Demonstrate ability to effectively utilize technology, understand its capabilities, impacts, risks and opportunities • Curriculum: Accounting degree programs integrate current and emerging accounting and business information technologies throughout the curricula. • Documentation: Document the integration of information technologies within accounting degree programs, and the learning strategies used to develop accounting graduate competencies in business information technologies. carol@carolyacht. com

John J. Wild, University of WI-Madison: Technology Integration Excel is the big winner. It is used up and down the curriculum. Mc. Graw-Hill’s Connect is popular as well as similar programs from other publishers. Our systems class incorporates Access, Net. Suite and SAP cloud applications. A new capstone course for masters students has a module on data analytics using SAP Predictive Analytics and Tableau. • We have a good technology base. The new A 7 standard encourages us to incorporate more analytics. • • carol@carolyacht. com

carol@carolyacht. com

Exploring the Value of Accreditation Ted Talk: http: //aaahq. org/Accreditation/TED-Talk Adaptive Learning Platforms: How to Accredit New Online Models Ø Phil Regier, Arizona State University, Dean of Educational Initiatives and CEO of Ed. Plus carol@carolyacht. com

Using Information Systems An information system is software that helps organize and analyze data. This makes it possible to answer questions and solve problems relevant to the operation of an organization. carol@carolyacht. com

Information Systems Model Process Output Decision Making I N F O R M A T I O N S Y S T E M S Where does technology fit? Financial Accounting Managerial Accounting Computer Accounting Information Systems Auditing Tax carol@carolyacht. com

Quick. Books Online Accounting System QBO sign-in Reports Business Processes Record transactions, post to the General Ledger and Subsidiary Ledgers carol@carolyacht. com Company Setup

The Dashboard shows Profit and Loss, how much was spent, income and sales summary.

Plus menu: Create Transactions Magnifying-glass icon: Search and Recent Transactions Gear icon: Settings or Preferences Share QBO with the professor − “Invite Accountant”

Customers/ Accts. Rec.

Vendors/ Accounts Payable

Employees and Payroll

See related sub-items: Banking, Sales, Expenses, Chart of Accounts

Monitor the company’s financials

Accounting Cycle and the Information Systems Model Input Company Setup Journalize and Post General Ledger & Subsidiary Ledgers Financial Statements Decisi on Makin g Process Outp ut carol@carolyacht. com

Computer Accounting with Quick. Books Online: A Cloud-Based Approach Chapters Topic Certification practice test Objective domains, Certiport. com 1 Sample company test drive User interface 2 New company set up and the chart of accounts Setup and Maintenance (14%) 3 Beginning Balances and October Transaction Register List Management (12%) 4 -6 Vendors and Inventory, Customers and Sales, November and December Transactions Purchases/Money-in and Sales/Money-out (38%) 7 Analysis and Reports – End of Fourth Quarter and Year Reports (8%) 8 -10 January, February, and March Source Documents Basic Accounting (10%) 11 Certification and Report Customization and Saving Time (18%) 12 Apps and Updates General Knowledge Case Problems 3 case problems: Payroll and Import Excel Data, Budgeting, Your Name Accounting project General Knowledge www. mhhe. com/qbo > Certification MC practice test

Teaching and Learning Ideas https: //qbo. intuit. com/redir/testdrive 1. Go to Reports > type Journal in the search field > in the Report period field, select All Dates. o What is the date of the Opening Balance? o Describe the transaction type and the account distribution? 2. Drill down on a Bill? o What page is used? Why? o What is the transaction type and account distribution? 3. Drill down on an Invoice? o What page is used? Why? o What is the transaction type and account distribution? 4. What are the similarities and differences between an Invoice, Sales Receipt, and Bill? carol@carolyacht. com

Certiport. com Quick. Books has moved to the cloud. As companies search for more agility and flexibility with the way they conduct their business, the logical choice is to turn to cloud-based systems. The Quick. Books Online exam ensures your students remain current with industry trends and technology. Certiport testing centers set up their own fees. Schools can also become testing centers. For example, at Milwaukee Area Technical College the fee is $80 for both the Excel and Quick. Books certification tests. carol@carolyacht. com

QBO Plus w/textbook 1. 8 M carol@carolyacht. com

Bloom’s Taxonomy carol@carolyacht. com

Bloom’s Taxonomy and Critical Thinking

Can updates improve critical thinking skills? • Critical thinking guides an action through the process of: • Actively conceptualizing, • Applying, • Analyzing, • Synthesizing, • Evaluating or creating information. ü To collect feedback, Intuit tests changes on specific companies or groups of users. Features and functions are the same but the user interface can change. ü The Quick. Books Online blog includes update information. ü www. mhhe. com/qbo > Text Updates. carol@carolyacht. com

Michelle Randall, CPA, Schoolcraft College I think having the students experience updates and changes improves critical thinking skills. Too often they want information EXACT and can't deal with immaterial changes. The students that can be more flexible and look around or use the help feature to find a solution on their own are better off. I tell them if something is different, look around, figure out the transaction using the selfhelp features built into QBO. While it may be a little frustrating for me, teaching them how to self diagnosis and problem solve is critical, especially given that they will see all sorts of crazy stuff their clients might enter into QB. carol@carolyacht. com

How is your school implementing technology integration? carol@carolyacht. com

Websites AACSB Accounting Accreditation Standard A 7: Information Technology Skills and Knowledge for Accounting Graduates http: //www. aacsb. edu/accreditation/resources/related-materials This white paper provides guidance consistent with the spirit and intent of AACSB Business and Accounting Accreditation Standard A 7. The goal is to assist AACSB accredited accounting programs, peer-review teams, accreditation committees and others in applying Standard A 7 in the context of the accounting accreditation peer review process and reporting. Exploring the Value of Accreditation, presentations at http: //aaahq. org/Accreditation o Adaptive Learning Platforms − How to Accredit New Online Models http: //aaahq. org/Accreditation/TED-Talk by Phil Regier, Arizona State University, Dean of Educational Initiatives and CEO of Ed. Plus – Online and Adaptive Learning Platforms Data visualization: https: //www. tableau. com/#hero-video Computer Accounting with Quick. Books Online: A Cloud-Based Approach o o Online Learning Center: www. mhhe. com/qbo QBO Test Drive - https: //qbo. intuit. com/redir/testdrive Certification practice test: www. mhhe. com/qbo > Certification Info > Certification Multiple Choice Test www. certiport. com > Intuit Quick. Books Certified User > Quick. Books Online Joins Quick. Books Certification Accounting Information Systems, 4/e, by Robert L. Hurt, www. mhhe. com/hurt 4 e carol@carolyacht. com

Q&A/Comments Thank Carol Yacht carol@carolyacht. com 928 -634 -0603 (AZ) You Quick. Books Online: www. mhhe. com/qbo Sage (Peachtree) 19 e: www. mhhe. com/yacht 2016 Quick. Books Desktop 2015: www. mhhe. com/qbd 2015