Abstract
Accounting students are usually taught in a traditional manner that lacks the integration of experimental learning components. Among other skills, financial reporting and professional communications skills are negatively affected by the lack of pedagogies that simulate real work situations. In the accounting field, disclosing financial information in a standardized way is deemed part of the effective communication process. Consequently, this teaching note deliberates on an instructional project aimed at enhancing students’ understanding and abilities on why, who, and what to disclose in the financial statements according to the applicable International Accounting Standard Board (IASB)’s conceptual framework. This teaching note informs educators, standards setters, and students on a possible effective pedagogy. The feedback from students on the instructional was very positive. Moreover, the instructional project was tailored in a manner that makes it adaptable in different contexts. In addition, the students took the instructional project during the online learning period due to the COVID-19 pandemic. Thus, it is applicable in online learning, face-to-face learning, and hybrid learning environments.
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Notes
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The summer semester starts on 1st of July and ends o 31st of August.
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Appendix 1: Project for Intermediate Accounting 1 – Compliance with IASB Conceptual Framework by the Listed Companies
Appendix 1: Project for Intermediate Accounting 1 – Compliance with IASB Conceptual Framework by the Listed Companies
1.1 Required Tasks
You are required to qualitatively analyze one annual report of a listed company on the Amman Stock Exchange (ASE). The aim of your report should be to examine whether the company has complied with the IASB Conceptual Framework. The following are the major requirement for this project.
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You have to comment on whether the company that you chose has complied with the following aspects of the IASB Conceptual Framework or not.
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The basic objective of financial reporting
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The qualitative characteristics and elements of financial statements
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The recognition, measurement, and disclosure concepts
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You have to give accurate examples from the annual report of the company that you chose.
1.2 Instructions to Download Annual Reports
To download annual reports, please follow the following steps:
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Go to https://www.ase.com.jo/en.
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Scroll down and choose the “LISTED SHARES” button.
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From the listed company, choose one company.
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After choosing the company, please choose the “Disclosures” tab.
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Click on the file described as an “Annual Financial Report” under the category tab.
Name_______________________________ Score_____/10.
Comments ______________________________________________________________________________.
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Alshurafat, H., Al Shbail, M.O., Mansour, E., Alzoubi, A.B., Alrawabdeh, W. (2023). An Instructional Project: Compliance with IASB Conceptual Framework by the Listed Companies. In: Alareeni, B., Hamdan, A. (eds) Explore Business, Technology Opportunities and Challenges After the Covid-19 Pandemic. ICBT 2022. Lecture Notes in Networks and Systems, vol 495. Springer, Cham. https://doi.org/10.1007/978-3-031-08954-1_69
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