Teaching Accountancy

Amruta Jajoo | Asst. Professor | Paul University

What is Teaching Accountancy?

Teaching Accountancy is a great Career option. Understanding Why one wants to choose a Career in Teaching Accountancy is phenomenally more important than figuring out How to get into Teaching Accountancy. While anyone can have an opinion on what Teaching Accountancy entails; only a real professional can really explain it.

Asst. Professor Amruta Jajoo is an experienced professional with 1 year & 10 months in Teaching Accountancy. Asst. Professor Amruta Jajoo outlines Teaching Accountancy as:

Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization. Accounting teachers and professors work in high schools, community colleges and universities and will instruct students on introductory coursework or various specialty areas of the discipline.

How Asst. Professor Amruta Jajoo got into Teaching Accountancy?

After doing my schooling from Mount Carmel Girls High School Nagpur, I did my B Com from Centre Point College and MBA from ICFAI College, Nagpur and then did my Ph D in Management from Nagpur University. I always wanted to get into teaching profession and in 2011, I started working as an Asst. Professor for Paul University, Baroda, Gujarat. In 2017, I joined IDP Education as a Clerical Marker for IELTS Exams.

Asst. Professor Amruta Jajoo's Talk on Teaching Accountancy

The Journey of a Teacher: Dr. Amruta Jaju's Passion for Education and Accounting In the evolving landscape of education, teachers serve as the foundational pillars who guide students through their academic journeys. Dr. Amruta Jaju, a passionate educator, is currently weaving her inspirational narrative in the world of accountancy. With a PhD in management and a wealth of experience in teaching management and commerce, she reflects on her experiences in the classroom and shares valuable insights about the accounting profession. This article delves into Dr. Jaju's educational background, essential skills, the positives and challenges of teaching, and a glimpse into her daily life. What Is Accountancy? Accountancy is often dubbed the language of business, as it encompasses the systematic recording, reporting, and analysis of financial transactions. This discipline is vital for understanding the financial health of a business and serves as a foundation for sound decision-making. Understanding accountancy involves grasping various components, such as financial accounting, which deals with tracking money flows, assets, and liabilities within an organization. Dr. Jaju's approach emphasizes not just teaching these concepts but engaging students in learning through clear communication and real-world examples, fostering a deeper understanding of the subject. Education Streams of Accountancy Accountancy offers diverse streams, catering to different aspects of financial management. Among them are management accounting, cost accounting, financial accounting, and auditing, each playing a significant role in understanding the financial operations of a business. Dr. Jaju’s expertise lies in financial accounting, where she teaches students about the health of organizations through financial statements and accounting records. By exposing her students to these various streams, she prepares them for the multifaceted world of finance and helps them discover their interests within the field. Financial Accountancy Financial accounting is foundational to all accounting practices and serves as the primary framework for measuring a company's performance. Dr. Jaju describes it as crucial for stakeholders who seek to understand a company's financial stability and profitability. Through her engaging lectures, she enables students to grasp how financial transactions are recorded and interpreted, including elements like journals, ledgers, and balance sheets. This hands-on knowledge equips her students to apply theoretical concepts to real-world situations. Different Accounting Concepts Within financial accountancy, several core concepts guide the recording and interpretation of financial transactions. These include the separate entity concept, money measurement concept, and dual aspect concept, all essential for accurate financial reporting. Dr. Jaju emphasizes the importance of understanding these concepts in her classroom, explaining complex ideas through relatable examples, thereby enhancing students' comprehension and retention. Journal The journal is the initial record of all financial transactions, capturing detailed information about each entry. Dr. Jaju illustrates this concept by demonstrating how a business starts its accounting journey. She emphasizes that understanding how to maintain a journal is imperative for any budding accountant, as it lays the foundation for further financial analysis. Her method of teaching transcends the theoretical, bringing the journal to life through practical scenarios. Ledger Posting Ledger posting stems from the journal, where entries are classified into accounts related to specific transactions. This process is essential for isolating individual financial components. Dr. Jaju stresses the significance of precise ledger maintenance, using clear examples to show how these postings contribute to the overarching financial picture of a company. Her students appreciate how she unpacks complex information into digestible lessons that prepare them for practical applications. Profit & Loss Account The profit and loss account showcases a company's revenues and expenses, thereby providing insights into its operational efficacy. Dr. Jaju utilizes real business cases to highlight the importance of this financial statement, training her students to assess profitability critically. This deep dive into financial metrics enriches her students' understanding and prepares them for real-world financial analysis. Balance Sheet The balance sheet summarizes a company's assets, liabilities, and equity at a given time, revealing its financial position. Understanding how to construct and analyze a balance sheet is crucial for accounting professionals. Dr. Jaju imparts this knowledge through interactive lessons that encourage her students to apply their learning proactively, ensuring that they can accurately interpret these critical financial documents in their future careers. Skills Communication Skills Effective communication is paramount for any educator, especially in complex fields like accountancy. Dr. Jaju recognizes that her ability to convey intricate concepts in a relatable manner is vital. By fostering an open dialogue, she encourages students to ask questions and engage actively, making her classes dynamic and enriching. Confidence Confidence is another essential trait that compounds the effectiveness of a teacher. Dr. Jaju believes that mastery of subject matter breeds confidence, allowing her to convey knowledge credibly. Through her own experience, she has learned that when students sense her confidence, they are more likely to trust her guidance and engage more earnestly with the content. Detail Oriented Being detail-oriented is crucial in accountancy, where precision is necessary for accurate financial reporting. Dr. Jaju models this skill in her teaching, instilling in students the importance of paying attention to minute details in financial statements. She promotes thoroughness through her lesson plans and assessments, equipping students to become meticulous accountants. Computer Savvy In today's technology-driven world, being computer-savvy is essential for success in the teaching profession. Dr. Jaju embraces technology as a means to augment learning, using digital tools for presentations and online resources that enhance her instruction. She encourages her students to harness technology to stay relevant in the ever-evolving accounting landscape. Positives Respect Teaching is one profession where respect is an intrinsic motivation. Dr. Jaju finds immense fulfillment in the respect she earns from her students, who recognize her dedication and knowledge. This mutual respect enriches the classroom environment, fostering a sense of community and cooperation. Growth Continuous self-growth is another hallmark of a teaching career. Dr. Jaju thrives on the constant engagement with her subject matter, which keeps her updated and informed. As she prepares lectures and responds to student inquiries, she reinforces her own understanding, positioning herself as a lifelong learner. Work Life Balance For Dr. Jaju, teaching offers a gratifying career alongside the flexibility to maintain her family responsibilities. This work-life balance allows her to devote time to her young daughter while pursuing her passion for education, making it a fulfilling aspect of her career. Satisfaction The ultimate satisfaction that comes from seeing students succeed is unparalleled for Dr. Jaju. Knowing that she has played a role in her students' academic journeys and future careers fills her with pride and happiness, affirming her dedication to teaching. Challenges Constant Upgradation One of the primary challenges educators face is the need for constant upgradation. With the financial landscape continually changing, staying current requires persistent effort and dedication. Dr. Jaju openly discusses this challenge, underscoring the importance of continuous learning and professional development. Low Paid Job Teaching frequently does not offer uniform financial compensation, which can be a significant hurdle. Dr. Jaju highlights this disparity as a challenge she has encountered, particularly in certain sectors of education where pay is not commensurate with the effort and dedication educators put into their work. Students Psychology Navigating the complexities of student psychology presents another challenge in the teaching profession. Dr. Jaju reflects on her experiences with students who may not engage or show interest in the material. Tailoring her teaching methods to accommodate varying levels of motivation and aptitude is a necessary skill she continually works to refine. A Day Of Accountancy A typical day in Dr. Jaju's life as an educator involves a structured routine, beginning with her commute to college. She cherishes her role as a teacher, with her classes varying in subject matter and student dynamics. Each teaching day is followed by preparation for upcoming lessons, reinforcing the cycle of teaching and learning that is essential for her educational philosophy. Reflecting on Dr. Jaju's journey, it's evident that teaching is more than a profession for her—it's a passion. As she eagerly awaits the time when she can engage full-time with her students again, her dedication to education remains unwavering. Through her insights into accountancy and teaching, she provides not only knowledge but also inspiration for the next generation of learners. In closing, the importance of educators like Dr. Jaju cannot be understated; they shape future leaders and innovators in ever-critical fields like accountancy, ultimately impacting society as a whole.

Install the LifePage App to:

(for Free) Watch Asst. Professor Amruta Jajoo’s full Teaching Accountancy Career Talk

₹ Do a Self Assessment on Teaching Accountancy to calculate your Dream Index, which is defined as:

According to Amruta Jajoo your chances of success in Teaching Accountancy is __%

Access your personalized Dream Index Report which will have all your Dream Indices sorted in descending order.

How to get into

Teaching Accountancy?

If you are want to get into Teaching Accountancy, start by investing in a Career Plan.

The 14 hour process, guided by a LifePage Career Advisor, will help you introspect and check whether your interest in Teaching Accountancy is merely an infatuation or is it truly something you wish to do for the rest of your life.

Next, your Career Advisor will help you document how you can get into Teaching Accountancy, what education and skills you need to succeed in Teaching Accountancy, and what positives and challenges you will face in Teaching Accountancy.

Finally, you will get a Career Plan stating which Courses, Certifications, Trainings and other Items you need to do in the next 7 years to become world’s best in Teaching Accountancy.

LifePage Career Plan

14 hour personalized guidance program

Your LifePage Career Advisor facilitates your guided introspection so that you systematically explore various Career options to arrive at a well thought out Career choice.

Next: your Advisor helps you figure out how you will get into your chosen Career and how will you develop the skills needed for success in your Chosen Career.

LifePage Plan will not stop at saying "to become an Architect study Architecture". It will guide you on which Certifications, Trainings and Other items you need to do along with your Architecture education to become the world's best Architect.

Links for this Talk

Asst. Professor Amruta Jajoo's LifePage:

[LifePage]
https://www.lifepage.in/page/amrutajajoo

LifePage Career Talk on Teaching Accountancy

[Career]
https://www.lifepage.in/careers/teaching-accountancy

[Full Talk]
https://lifepage.app.link/20180425-0005

[Trailer]
https://www.youtube.com/watch?v=C6g_8EhCjZQ

(Teaching Accountancy, Dr. Amruta Jajoo, Assitant Professor, Paul University, Accounting, Professor, Financial Management, Finance, Accounts)