What is it about?
Teaching variance analysis as part of the accounting curriculum in business schools is typically a challenging task. Traditional pedagogical approaches encourage students to memorize and then mimic solutions to problems that are covered during class sessions. In an effort to teach this topic through problem solving rather than rote-learning, I have developed a more ‘common sense’ approach to analyzing variances that focuses on the underlying concepts and logic behind the exercise.
Why is it important?
As a result of changing my approach to teaching this topic, test results improved significantly and a larger proportion of students received a passing grade. In addition, students achieved better insight into the nature and purpose of variance analysis and their understanding of cost accounting improved.
The following have contributed to this page: Ron Messer
In partnership with: