The Gain in Loss in the First Accounting Course

Abstract: Overcoming failure in the first accounting course will, in part, work toward Minnesota State’s Equity 2030 Goal. Minnesota State’s Equity 2030 Goal is closing the educational equity gaps across race and ethnicity, socioeconomic status, and geographic location by the year 2030. Elements of overcoming failure in the first accounting course include: defining failure; reactions to failure; repetition; reflection; environment and communication. Failure is prevalent in the first accounting course, so restructuring the learning process has the opportunity to overcome failure.

Key words: first accounting course, failure, gain

JEL codes: A, M