The American Institute of CPAs (AICPA) has several free online educational resources for teachers, parents and others to use to educate students about accounting and personal finance basics.
Schools and colleges across the country are closed, and many parents and teachers are looking for additional resources to broaden their children’s educations.
“An understanding of accounting principles and personal finance management gives students a solid foundation for a wide variety of college majors,” said Yvonne Hinson, CPA, CGMA, Ph.D. and academic in residence, Association of International Certified Professional Accountants. “Teenagers and young adults, in particular, will also need to have a grasp of these concepts to help them as they transition into adulthood and their careers and begin making important financial decisions.”
While many high schools offer accounting courses, many students do not encounter accounting courses until college. These online resources offer an introduction to accounting principles and personal financial management that they can use throughout their lives, regardless if they pursue a career in the accounting profession.
Bank On It: Challenge students’ knowledge of accounting principles and personal financial planning with real, working world scenarios.
The game features more than 2,200 questions grouped by public accounting, business and industry, or non-profit accounting, as well as a financial literacy version that covers topics such as balancing a checkbook, understanding credit scores and student loans.
When students answer questions incorrectly, the game provides explanations to reinforce principles that are taught in the classroom.
Though Bank on It was designed for students, its interactive play and content are also an excellent resource for adults seeking to strengthen their accounting or financial literacy knowledge.
Virtual Field Trips: Visit the wonderful world of accounting—all in the comfort of your PJs. AICPA’s virtual field trips offer tours with 14 CPAs across different industries to explore their roles and to give an inside scoop on what it’s like to be an accountant.
These field trips give high-school age students the opportunity to prepare for a future career in business and to see how accounting is used in any career field as well as to ask questions about business, accounting or what it’s like to be a CPA.
Many other resources about majoring in accounting and the possibilities a career as a CPA affords, including links to free online learning platforms and virtual games, can be found at the AICPA’s Start Here, Go Places website.