A group project on governmental accounting standards: Value, design, and efficacy

Download This Article

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

In Canada, public sector entities follow the Public Sector Accounting (PSA) Handbook for financial reporting. A multi-phase group project has been carefully designed to give students direct experience with current issues in public sector financial reporting via examination of the PSA standards. The project also provides students with an opportunity to improve their critical thinking, presentation skills, writing skills, leadership skills, and teamwork skills. This study reports on the value, design, and efficacy of this group project. Students have shown a high level of satisfaction with the project in their quantitative and qualitative responses to surveys and interview questions, indicating the group project is successful in its learning objectives.

Keywords: Accounting Education, Public Sector, Accounting Standards, Group Project, Canada

Authors’ individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.

Declaration of conflicting interests: The Author declares that there is no conflict of interest.

JEL Classification: I23, H75, M40, M48

Received: 09.08.2023
Accepted: 25.01.2024
Published online: 29.01.2024

How to cite this paper: Farshadfar, S. (2024). A group project on governmental accounting standards: Value, design, and efficacy. Corporate Ownership & Control, 21(1), 32–38. https://doi.org/10.22495/cocv21i1art3