Annual General Assembly 2003 - Alexandria

Session 9 WGI

Accounting and Finance Education for Future Deck Officers

Gary A. Lombardo, Ph.D

Department of Marine Transportation, United States Merchant Marine Academy, 300 Steamboat Road, Kings Point, NY 11024 U.S.A.
E-mail: lombardog@usmma.edu

ABSTRACT

This article surveys established practices at maritime universities to determine various curricular models used to deliver financial accounting and financial management instruction to future deck officers. Two major factors, limited space in the deck officer's curriculum for accounting and finance courses and the need to use exercises and applications with a maritime focus, emerge. These two factors influence course delivery. A discussion of an appropriate learning environment to enhance the educational experience of the cadets is developed. Pedagogical considerations pertaining to delivering financial accounting and financial management instruction are presented. The relevancy of selected course topics is highlighted. A concluding statement is offered that calls for a value-added instructional model to teach financial accounting and financial management whereby basic principles and concepts are presented sequentially and knowledge is acquired in a cumulative fashion.

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