4 ms·
I think that 'bio, chem, and math' haven't changed is the stronger argument to make here - accounting is a bit different. The Sarbanes-Oxley Act happened in 20
by MikeTheGreat 9y ago
I think that 'bio, chem, and math' haven't changed is the stronger argument to make here - accounting is a bit different.
The Sarbanes-Oxley Act happened in 2002 (1.5 decades ago) and Trump & the Republicans just made some major changes to the tax code (which accountants need to understand).
Moreover, even though Accounting is taught in college it's really job prep (like teaching Law to lawyers). You don't need to cover all the details in your first Accounting 101 class, but you gotta be current on the stuff you do cover.
Also - just to be clear on where I stand - I think that more than $50 for a textbook is outrageous. Personally, I think $20-30 should be more than enough.
So it seems like the issue is:
Given that we want to (and need to) update the books, how can we keep prices down?
Open Education Resources (OER), anyone?
- jimmywanger 9y agoWell, bio changes every single month seems like but the basic stuff stays the same in any field like accounting. Changes in the tax code and the SO act are pieces of litigation that may or may not affect you. SO in particular is less concerned with basic accounting and more systems of control, disclosure, and investigations of conflicts of interest. You only do that in positions of power, because you have to set up and enforce all those systems. But for tax code changes, you need to figure out amortization schedules, accurate cost basis per unit sold and book reconciliation. Those things haven't really changed for decades, maybe hundreds of years.
- fjsolwmv 9y agoUndergrads aren't learning the nuances of this year's tax law. That's continuing ad.