Reflection: Education and Pedagogical Insights
Vol. 1 No. 2 (2023): Reflection: Education and Pedagogical Insights

Consumer Price Index Analysis as Teaching Material for Accounting Students

Jansaris Othniel Purba (Institut Bisnis dan Teknologi Pelita Indonesia)



Article Info

Publish Date
31 Jul 2023

Abstract

The Consumer Price Index (CPI) is a crucial economic indicator that measures changes in the average prices of a basket of goods and services purchased by households over time. This paper aims to highlight the significance of incorporating Consumer Price Index analysis into the curriculum of accounting students. This study uses descriptive analysis to explain conditions regarding inflation to students. The incorporation of Consumer Price Index (CPI) analysis as a teaching material for accounting students is of utmost importance. This economic indicator plays a vital role in measuring inflation rates and understanding the macroeconomic environment that businesses operate within. By familiarizing themselves with the CPI and its implications, accounting students can better comprehend the impact of inflation on financial reporting, budgeting, forecasting, and investment decision-making. By incorporating case studies and practical applications of CPI analysis, accounting students can gain hands-on experience and strengthen their analytical skills. This approach not only enriches their learning but also equips them with practical tools to navigate the complexities of the dynamic business world.

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Journal Info

Abbrev

reflection

Publisher

Subject

Humanities Education Languange, Linguistic, Communication & Media Social Sciences Other

Description

Reflection: Education and Pedagogical Insights is a scientific publication that aims to provide understanding and insight into the field of education and pedagogy through reflection or introspection on existing experiences, practices, and knowledge. This journal contains articles covering various ...