Hello aloe: interactive accounting decoded, enter the realm of wonder

One of the fundamentals accounting knowledge that all students enrolled in accountingcourses must understand is the accounting equation. When preparing ledgers and trial balances, financial statements with adjustments and financial statement analysis one would use their understanding of the accounting equation. Observations show that majority of the students had trouble comprehending on how to classify correctly items in the basic accounting equation that is assets, liabilities, or owner’s equity. They are unable to differentiate between these items, which results in failure to master other accounting treatments. This has the effect of making students feel under pressure to learn accounting since they are unable to grasp the double entry accounting procedures. Thus, a model called the Assets, Liabilities and Owner’s Equity (Hello ALOE) has been devised to aid in the teaching and understanding of this subject. For the purpose of educating students about accounting classification, this model is straightforward and simple to use. It is appropriate forboth types of students, whether they are majoring in accounting or not. By employing both the left and right brain, this innovation also increases students' cognitive learning. In an interactive mode, students must match the provided visuals with the appropriate classification, such as the assets, liabilities, and owner’s equity. In order to promote the educational revolution, Hello ALOE would make teaching and learning as enjoyable and engaging as possible. The Tic-Tac-Toe Fun Accounting Tools (T3FacT) and Tic-Tac-Toe Fun Accounting Tools 2 (T3FacT2) are a predecessor to Hello ALOE. In general, T3FacTand T3FacT2 are used to understand the concepts, identify correct classification of asset as well as liability and assist in the preparation of adjusted financial statements. In the future, itis intended to offer this innovation to all potential accounting students enrolled in fundamental accounting courses.