Using business simulation: An authentic learning experience for accounting students

Journal article

Akhtaruzzaman, Md, Ahmadi, Hormoz, James, Wendy and Ghosh, Ratan. (2024). Using business simulation: An authentic learning experience for accounting students. Journal of Accounting Literature. pp. 1-11. https://doi.org/10.1108/JAL-06-2024-0137
AuthorsAkhtaruzzaman, Md, Ahmadi, Hormoz, James, Wendy and Ghosh, Ratan
Abstract

Purpose: Our study aims to investigate the learning effectiveness of business schools in Australia using the framework of authentic learning. Additionally, it proposes the acceptability of authentic learning measures within the Australian context.

Design/methodology/approach: A structured questionnaire was used to assess the efficacy of authentic learning constructs across different time frames from January 2021 to July 2022. Relevant measurements were employed to evaluate the convergent and discriminant validity scales used to measure authentic learning experiences.

Findings: The results indicate that all nine dimensions (constructs) of authentic learning have statistical significance in assessing learning outcomes in Australian business schools. No variability in the significance of the constructs across different time frames was observed, demonstrating the robustness of the results.

Practical implications: Our study offers valuable insights for educators, policymakers, and corporate recruiters by highlighting the development of authentic learning capabilities in Higher Education Institutions (HEIs) in Australia. This approach can enhance academic development through industry-academia collaboration, reducing the gap between education and industry needs, and producing market leaders for sustainable economic development.

Originality/value: This study is a novel attempt to evaluate authentic learning scales in Australian HEIs, specifically within business schools, and to assess how academic practices align with recruiters' expectations.

KeywordsAuthentic learning; Business simulation; Accounting education; Business schools; Australia
Year01 Jan 2024
JournalJournal of Accounting Literature
Journal citationpp. 1-11
PublisherEmerald Group Publishing Limited
ISSN0737-4607
Digital Object Identifier (DOI)https://doi.org/10.1108/JAL-06-2024-0137
Web address (URL)https://www.emerald.com/insight/content/doi/10.1108/JAL-06-2024-0137/full/html
Open accessPublished as non-open access
Research or scholarlyScholarly
Page range1-11
Publisher's version
License
All rights reserved
File Access Level
Controlled
Output statusPublished
Publication dates
Print06 Aug 2024
Publication process dates
Accepted05 Jul 2024
Deposited11 Oct 2024
Additional information

© Emerald Publishing Limited

The authors acknowledge the Australian Catholic University’s Teaching Development Grant received in 2019.

Place of publicationUnited Kingdom
Permalink -

https://acuresearchbank.acu.edu.au/item/91008/using-business-simulation-an-authentic-learning-experience-for-accounting-students

Log in to edit

Restricted files

Publisher's version

  • 5
    total views
  • 0
    total downloads
  • 5
    views this month
  • 0
    downloads this month
These values are for the period from 19th October 2020, when this repository was created.

Export as

Related outputs

Earnings management : the influence of peer group and the corporate governance intervention
Banerjee, Ameet Kumar, Akhtaruzzaman, Md and Chatterjee, Soumen. (2024). Earnings management : the influence of peer group and the corporate governance intervention. Journal of Accounting Literature. pp. 1-19. https://doi.org/10.1108/JAL-06-2023-0102
Board demographic, structural, and capital diversity, and corporate carbon performance : International evidence
Mehedi, Sohel, Akhtaruzzaman, Md and Zaman, Rashid. (2024). Board demographic, structural, and capital diversity, and corporate carbon performance : International evidence. Journal of Accounting Literature. pp. 1-24. https://doi.org/10.1108/JAL-05-2024-0104
Volatility spillovers and hedging strategies between impact investing and agricultural commodities
Banerjee, Ameet Kumar, Akhtaruzzaman, Md, Sensoy, Ahmet and Goodell, John W.. (2024). Volatility spillovers and hedging strategies between impact investing and agricultural commodities. International Review of Financial Analysis. 94, pp. 1-16. https://doi.org/10.1016/j.irfa.2024.103237
Hedging precious metals with impact investing
Akhtaruzzaman, Md, Banerjee, Ameet Kumar, Le, Van and Moussa, Faten. (2024). Hedging precious metals with impact investing. International Review of Economics and Finance. 89, pp. 651-664. https://doi.org/10.1016/j.iref.2023.07.047
Interconnectedness in the FOREX market during the high inflation regime : A network analysis
Ahmed, Shamima, Akhtaruzzaman, Md, Le, Van, Nath, Tamal and Rahman, Molla Ramizur. (2024). Interconnectedness in the FOREX market during the high inflation regime : A network analysis. Research in International Business and Finance. 71, pp. 1-13. https://doi.org/10.1016/j.ribaf.2024.102467
Board Flexibility in Diversity, Experienced CEOs and Corporate Sustainability Disclosure: Evidence from the Emerging Market
Mehedi, Sohel, Maniruzzaman, Md. and Akhtaruzzaman, Md. (2024). Board Flexibility in Diversity, Experienced CEOs and Corporate Sustainability Disclosure: Evidence from the Emerging Market. Global Journal of Flexible Systems Management. 25(2), pp. 261-282. https://doi.org/10.1007/s40171-024-00387-y
Anatomy of sovereign yield behaviour using textual news
Kumar Banerjee, Ameet, Pradhan, H.K., Akhtaruzzaman, Md, Sensoy, Ahmet and Dann, Susan Jean. (2024). Anatomy of sovereign yield behaviour using textual news. Research in International Business and Finance. 71, pp. 1-18. https://doi.org/10.1016/j.ribaf.2024.102458
Improving retention while enhancing student engagement and learning outcomes using gamified mobile technology
James, Wendy, Oates, Grainne and Schonfeldt, Nikki. (2024). Improving retention while enhancing student engagement and learning outcomes using gamified mobile technology. Accounting Education. pp. 1-21. https://doi.org/10.1080/09639284.2024.2326009
Is the Evergrande crisis spilling beyond China?
Ahmed, Shamima, Banerjee, Ameet Kumar, James, Wendy and Moussa, Faten. (2024). Is the Evergrande crisis spilling beyond China? Research in International Business and Finance. 67, p. Article 102080. https://doi.org/10.1016/j.ribaf.2023.102080
Did the collapse of Silicon Valley Bank catalyze financial contagion?
Akhtaruzzaman, Md, Boubaker, Sabri and Goodell, John W.. (2023). Did the collapse of Silicon Valley Bank catalyze financial contagion? Finance Research Letters. 56, pp. 1-11. https://doi.org/10.1016/j.frl.2023.104082
Does green improve portfolio optimisation?
Akhtaruzzaman, Md, Banerjee, Ameet Kumar, Boubaker, Sabri and Moussa, Faten. (2023). Does green improve portfolio optimisation? Energy Economics. 124, pp. 1-10. https://doi.org/10.1016/j.eneco.2023.106831
Nonlinear nexus between cryptocurrency returns and COVID–19 COVID-19 news sentiment
Banerjee, Ameet Kumar, Akhtaruzzaman, Md, Dionisio, Andreia, Almeida, Dora and Sensoy, Ahmet. (2022). Nonlinear nexus between cryptocurrency returns and COVID–19 COVID-19 news sentiment. Journal of Behavioral and Experimental Finance. 36, p. Article 100747. https://doi.org/10.1016/j.jbef.2022.100747
Is greenness an optimal hedge for sectoral stock indices?
Akhtaruzzaman, Md, Banerjee, Ameet Kumar, Ghardallou, Wafa and Umar, Zaghum. (2022). Is greenness an optimal hedge for sectoral stock indices? Economic Modelling. 117, p. Article 106030. https://doi.org/10.1016/j.econmod.2022.106030
Systemic risk-sharing framework of cryptocurrencies in the COVID–19 crisis
Akhtaruzzaman, Md, Boubaker, Sabri, Nguyen, Duc Khuong and Rahman, Molla Ramizur. (2022). Systemic risk-sharing framework of cryptocurrencies in the COVID–19 crisis. Finance Research Letters. 47(Part B), p. Article 102787. https://doi.org/10.1016/j.frl.2022.102787
COVID-19 crisis and risk spillovers to developing economies : Evidence from Africa
Akhtaruzzaman, Md, Benkraiem, Ramzi, Boubaker, Sabri and Zopounidis, Constantin. (2022). COVID-19 crisis and risk spillovers to developing economies : Evidence from Africa. Journal of International Development. 34(4), pp. 898-918. https://doi.org/10.1002/jid.3634
COVID–19 media coverage and ESG leader indices
Akhtaruzzaman, Md, Boubaker, Sabri and Umar, Zaghum. (2022). COVID–19 media coverage and ESG leader indices. Finance Research Letters. 45, p. Article 102170. https://doi.org/10.1016/j.frl.2021.102170
Betting against bank profitability
Akhtaruzzaman, Md, Chiah, Mardy, Docherty, Paul and Zhong, Angel. (2021). Betting against bank profitability. Journal of Economic Behavior and Organization. 192, pp. 304-323. https://doi.org/10.1016/j.jebo.2021.10.012
Is China a source of financial contagion?
Akhtaruzzaman, Md, Abdel-Qader, Waleed, Hammami, Helmi and Shams, Syed. (2021). Is China a source of financial contagion? Finance Research Letters. 38, p. Article 101393. https://doi.org/10.1016/j.frl.2019.101393
Financial contagion during COVID–19 crisis
Akhtaruzzaman, Md, Boubaker, Sabri and Sensoy, Ahmet. (2021). Financial contagion during COVID–19 crisis. Finance Research Letters. 38, p. Article 101604. https://doi.org/10.1016/j.frl.2020.101604
Carbon disclosure, carbon performance and financial performance : International evidence
Siddique, Md Abubakar, Akhtaruzzaman, Md, Rashid, Afzalur and Hammami, Helmi. (2021). Carbon disclosure, carbon performance and financial performance : International evidence. International Review of Financial Analysis. 75(Article 101734). https://doi.org/10.1016/j.irfa.2021.101734
COVID–19 and oil price risk exposure
Akhtaruzzaman, Md, Boubaker, Sabri, Chiah, Mardy and Zhong, Angel. (2021). COVID–19 and oil price risk exposure. Finance Research Letters. 42, p. Article 101882. https://doi.org/10.1016/j.frl.2020.101882
The influence of Bitcoin on portfolio diversification and design
Akhtaruzzaman, Md, Sensoy, Ahmet and Corbet, Shaen. (2020). The influence of Bitcoin on portfolio diversification and design. Finance Research Letters. 37, p. 101344. https://doi.org/10.1016/j.frl.2019.101344
Expropriation risk and FDI in developing countries: Does return of capital dominate return on capital?
Akhtaruzzaman, M., Berg, Nathan and Hajzler, Christopher. (2017). Expropriation risk and FDI in developing countries: Does return of capital dominate return on capital? European Journal of Political Economy. 49, pp. 84 - 107. https://doi.org/10.1016/j.ejpoleco.2017.01.001
International contagion through financial versus non-financial firms
Akhtaruzzaman, Md and Shamsuddin, Abul. (2016). International contagion through financial versus non-financial firms. Economic Modelling. https://doi.org/10.1016/j.econmod.2016.07.003
Australian financial firms' exposures to the level, slope, and curvature of the interest rate term structure
Akhtaruzzaman, Md and Shamsuddin, Abul. (2016). Australian financial firms' exposures to the level, slope, and curvature of the interest rate term structure. Applied Economics. https://doi.org/10.1080/00036846.2016.1229411
Interest rate, size and book-to-market effects in Australian financial firms
Akhtaruzzaman, Md, Docherty, Paul and Shamsuddin, Abul. (2014). Interest rate, size and book-to-market effects in Australian financial firms. Applied Economics. https://doi.org/10.1080/00036846.2014.920478
Dynamic correlation analysis of spill-over effects of interest rate risk and return on Australian and US financial firms
Akhtaruzzaman, Md, Shamsuddin, Abul and Easton, Steve. (2014). Dynamic correlation analysis of spill-over effects of interest rate risk and return on Australian and US financial firms. Journal of International Financial Markets, Institutions and Money. https://doi.org/10.1016/j.intfin.2014.04.006
A Comparative Study of the Effect of Web-Based Versus In-Class Textbook Ethics Instruction on Accounting Students' Propensity to Whistle-Blow
McManus, Lisa, Subramaniam, Nava and James, Wendy. (2012). A Comparative Study of the Effect of Web-Based Versus In-Class Textbook Ethics Instruction on Accounting Students' Propensity to Whistle-Blow. Journal of Education for Business. https://doi.org/10.1080/08832323.2011.627890
An Empirical Study of the Influence of Mentors and Organisational Climate on the Ethical Attitudes and Decision- Making of National Female Business Graduates in the United Arab Emirates
James, Wendy and McManus, Lisa. (2011). An Empirical Study of the Influence of Mentors and Organisational Climate on the Ethical Attitudes and Decision- Making of National Female Business Graduates in the United Arab Emirates. Journal of Business Ethics Education.
The combined effect of costing and performance management systems on performance, moderated by strategy: Australian context
James, Wendy and Elmezughi, Abdalla. (2010). The combined effect of costing and performance management systems on performance, moderated by strategy: Australian context. Accounting, Accountability and Performance.