Abstract The Statement of Changes in Financial Position (SCFP) continues to be a challenging topic to teach despite the use of various methods which are offered in current financial, managerial, and intermediate accounting texts. The article presents information about several steps in this method. They have not been arranged in this particular manner for instructional purposes in textbooks. Consequently, many students complete their study of the SCFP with an abstract understanding of concepts. Their technique for preparing the statement is based more on memory and partial comprehension than on use of prior learning and a solidified knowledge of fundamental relationships. Accounting instructors often try to supplement textbook material with helpful diagrams and other organized techniques. These efforts may yield approaches which are so detailed and complex that students have difficulty recalling or applying them in situations where use of instructional aids is not permitted. It is hoped that use or adaptation of the relatively simple method suggested in this article will assist the instructor in overcoming some of these limitations and will facilitate the learning process for the student.
J. Stephen Collins (Tue,) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: