Flipped Classroom for Finance Students: Participative Learning and Flexible Assessment

Abstract

Flipped classrooms are all about flexible teaching and learning in higher education and require flexible assessment components along with flexible teaching. The study aimed at understanding the effect of student interaction, engagement in flipped classroom on student knowledge, skill and attitude towards the subject finance, topic business valuation. Accounting and finance subjects require a sharp focus on pedagogy and learning approaches. Finance is a core fundamental subject in higher education like MBA that creates base for further advance learning and knowledge application. A pre-test and post-test design were carried out with sample t-test and linear regression model. The study created two groups flipped and non-flipped classroom using 2 E-learning cycles in a Finance class of MBA first trimester students. The result showed that learning was better in flipped classroom. The student satisfaction level was also better. Both classrooms showed good learning with active learning approach and active instructor participation. Outside the classroom students shared that had engaging experience with teaching as well as flexible assessment through more choices and preferences. The limiting factor was that flipped classroom teaching lacked institution support and confidence. Both flipped classroom and flexible evaluation are missing from curriculum design and evaluation process. The aim of this paper was to provide quantitative and controlled data about the effectiveness of flipped classroom learning.