A University of Kentucky accounting professor and a team of UK Information Systems consultants have brought new life to basic accounting principles for UK students needing to learn business accounting. Using computers and a new software package, students can now enter a virtual business world where they compete for promotions, manage projects and even earn virtual raises.

"Except for accounting majors, most other students will have careers in which they use -- but don't necessarily have to prepare -- accounting reports," explains James Holmes, UK College of Business and Economics professor of accounting. "Although they need a sound understanding of accounting mechanics, they don't need the intense focus of accounting majors.

"The software format positions each student as an employee of a virtual firm, he continues. "The software shows them the buildings they work in and their virtual offices. Each student even has a desk. As they complete assignments and take exams, they are 'promoted' and even receive virtual 'raises.' "

Holmes notifies students of upcoming tests and meetings via e-mail. A virtual calendar lets them know when they have "appointments" (assignments).

Kathy Hamperian, senior manager-UK Desktop Support, observes that the electronic format fits right in line with Information Systems' goal of applying instructional technology to create innovate teaching options in the classroom.

It also proves that innovation produces interest.

"They really get into it, Holmes says, smiling. " I hear them comparing salaries and 'titles' as they move up through their company's ranks.

The students particularly like the fact that they are required to attend only one hour-long lecture each week. Because they can load the software into their own home computers, or into a computer in any University student lab, they can use the other two hours of weekly class time to hone their skills or discuss individual problems with Holmes.

The professor is quick to point out, however, that the course doesn't allow any room for slacking off.

"The software doesn't allow them to fall behind because of regularly scheduled exercises and testing," he notes. "The bottom line is that a student can't take tests unless he or she has done the work."

And Holmes is discovering that the students aren't the only ones to benefit from the electronic approach.

"I can teach more students and -- equally important -- I have more time to mentor them."