Journal of
Marketing Development and Competitiveness






Scholar Gateway


Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF HIGHER EDUCATION THEORY AND PRACTICE 


Experiential Learning in the Classroom: An Accounting Cycle Simulation Project


Author(s): Richard Sathe, Wen Yu

Citation: Richard Sathe, Wen Yu, (2021) "Experiential Learning in the Classroom: An Accounting Cycle Simulation Project," Journal of Higher Education Theory and Practice, Vol. 21, ss. 7, pp. 193-210

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Kolb and Fry (1975) discussed the dynamics of learning and suggested the four-stage experiential learning model as “a holistic approach to the learning process.” We designed a “simulation experiential learning approach.” We integrated a virtual business simulation into an accounting cycle project to incorporate the experiential learning model into a classroom activity. Specifically, students (1) created their business activities in the simulation to develop concrete business experience, (2) observed business operations and applied accounting cycle procedures to record and report these activities, (3) analyzed and evaluated business operations as captured in their accounting records and reports, and (4) used these reports to make informed decisions in their subsequent business activities. Most students considered the project effective and relevant. They found it interesting and were motivated to put forth time and effort to the project. They reported that the project required a broad range of skills. Upon completion of the project, students showed improvement along Anderson and Krathwohl’s (2001) factual, conceptual, procedural, and metacognition knowledge dimensions in learning the subject matter.