A Perspective View of Experimental Learning Theory (ELT) as a tool for Skills Development in Auditing Firms in Lagos State
Journal Title: International journal of Emerging Trends in Science and Technology - Year 2016, Vol 3, Issue 7
Abstract
The study was a conscious attempt at establishing a relationship between the adoption of modes under the experimental learning theory (ELT) by auditing firms, and skills development of trainees and management staff of such firms. Descriptive and inferential statistics were used to analyze the data collected. A purposive sample of 20 auditing firms with business life tenures of (i) 1 ≥ 5 years, (ii) 6 ≥ 10 years, ≥ 15 years and 16 ≥ 20 years was chosen to ensure a spread of tenure. The findings of the result showed that a positive correlation of 0.813 among research skills, planning skills, corporate relation skills with respect to degree of experience acquired through the learning process. Similarly, correlation of 0.979 established a relationship between experience on one hand, and report writing skills and interactions with accounting software, on the other hand. However, a negative correlation between calculation of accounting ratios and working with people pointed to the importance of independent intellectual exercise in certain aspects of the learning process. In another dimension, the working experience of the audit firms revealed that firms with years of experience below 10 years placed more emphasis on concrete experience and reflective observations while the older ones concentrate on abstract conceptualization and active experimentation.
Authors and Affiliations
Idowu, H. A. O
Keywords
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