For many students, relating accounting principles to practices seems a daunting task. Many take the common approach of memorising the meaning of the principles and also examples relating to them. This approach has many shortcomings. First, it may retard the students’ ability to apply the principles in examples other than what they have learnt. Second, it may curtail the interest of the students to pursue the accounting discipline further as they don’t really understand the link between theory and practice clearly. .... By Kalaithasan Kuppusamy

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