The Business Activity Model (BAM) emphasizes financial disclosure and technical research as well as those accounting topics commonly found in traditional Intermediate Accounting courses. The BAM is designed to motivate students for the accounting profession, promote technical competency, develop life-long research skills, advance critical thinking, and foster the development of communication skills. With the inception of the new CPA exam, the BAM is ideally suited for those schools wanting to get a jump on preparing their students for those competencies which will be tested on this new exam: Research, Analysis, Judgment, and Communication. The new exam is specifically designed to test for the knowledge and skills that CPAs will need ON THE JOB. The new exam will utilize simulations to test spreadsheet, research, and multi-disciplinary skills, all factors specifically addressed by the BAM. The BAM's unique simulation also prepares students for the simulation process itself.
BAM is an intermediate accounting simulation. Students mimic the accounting and financial reporting processes found in the "real world" by conducting analytical reviews, soliciting information from clients, preparing adjusting and correcting entries, and drafting financial statements and notes for a fictitious client company (Hydromaint). Issues become more complex as Hydromaint's operations mature. The business begins as a service entity and later develops into a manufacturing and construction enterprise. During this transition, Hydromaint's operations address all of the technical issues traditionally covered in a two-semester intermediate course. Ultimately, students are able to provide a complete set of financial statements (including the statement of cash flows) and appropriate note disclosures (for all seven years) for the company. The repetitive nature of the accounting and financial reporting process pursued in this approach integrates reinforcement with new learning and mimics the service processes found in the business environment.The BAM can be used in conjunction with any Intermediate textbook.
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A temporary difference has been added for bad debt expense in years 2 through 5 to allow for a book tax difference related to the allowance account. This eliminates the need for a tax audit in year 6 and this has been deleted from requirement 17.
In year 3, Hydromaint's accounting for investment securities is now in accordance with SFAS No. 115, not SFAS No. 12. While this precludes coverage of accounting changes in the security setting (previously done in year 4), accounting changes are still addressed in requirement 24 in conjunction with construction accounting. The change in securities accounting adds additional complexity to the tax accrual in year 3. With the adoption of SFAS No. 115, income statement disclosures have been expanded in year 3 and thereafter to provide required detail on realized and unrealized gains and losses as well as more informative disclosure of income from investees.
In year 6, the asset acquisition from LS Pump (specifically, the building) was changed slightly to provide for the acquisition of patents. This allows the introduction of issues related to acquired intangibles.
In year 7, an additional question on intangible assets has been added to the questions expected of students.
Tax returns for all years have been redone to reflect the accounting and reporting changes noted above. Additionally, Form 1120 has been updated to a 2001 form from the previous 1999 form, although the line numbers on page one are substantially the same.
A new set of slides entitled "Year 3 Review Second Semester" has been added to help the instructor review first semester accounting issues at the start of the second semester.
New take home assignments have been added for financial instruments and stock options. Solutions for both in class and take home assignments are generally in linked Excel files that facilitate the changing of numbers for subsequent use.
The Business Activity Model received the 1997 AAA Innovation in Accounting Education Award. It has been successfully adopted by a number of institutions over the past several years.
The proposed teaching approach has been evaluated using a formal assessment instrument as well as feedback received from the AECC, faculty colleagues, and instructors at other universities.
Subjects not traditionally covered in texts are included in the BAM and made an integral part of the course (e.g. comprehensive note disclosures and corporate tax reporting). The addition of topical material is remarkable given that the BAM addresses most, if not all, of the major financial accounting and reporting issues discussed in today's intermediate texts. In fact, BAM's accounting and reporting issues parallel the topical coverage found in four widely used intermediate texts.
To facilitate in-class presentation and discussion, the course relies extensively on the use of technology. Since Hydromaint's 24 requirements are preserved in electronic text files, they can be released sequentially to students either through electronic mail, computer network bulletin boards, the Internet, by diskette, or in hard copy if necessary.
Student course materials are integrated into a computerized, PowerPoint instructor delivery package for classroom use. Other materials included with the BAM are a detailed Instructor's Resource Manual, PowerPoint slides, tutorials, and a variety of other tools to facilitate delivery.
In each of the last four years where the BAM was implemented in the Intermediate course, student evaluations of course materials and teaching tools ranged from 4.01 to 4.70 (on a five-point scale with 5.0 being the highest), exceeding the averages for all other accounting courses when evaluated as a group. Instructor CD-ROM: (not available separately) This CD is packaged with each copy of the Instructor's Resource Manual and includes not only all of the instructor resources but all of the content from the student CD as well. All instructor resources (worksheets, manuals, slides, etc.) have been updated to reflect the changes noted above and to correct minor typographical errors found in the previous version of the BAM. Several new resources have also been added. Financial statement grading sheets for each year can now be found under "Other Materials" along with sample group evaluation forms and a stock option handout to be used with a related take home assignment. McGraw-Hill's Knowledge Gateway - The Complete Resource for Teaching Online Courses. McGraw-Hill/Irwin, in partnership with Eduprise, is proud to bring this unique service to instructors. This comprehensive website contains a wealth of information for any professor interested in teaching online. Level one is available to any instructor browsing our website. Level two is reserved for McGraw-Hill customers and contains access to free technical and instructional design assistance.
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