The following three approaches to the teaching of accounting are recommended: 1. The balance-sheet approach. This approach begins with an illustration of the uses to which accounting records can be put and the reasons why accounting records may be necessary. Topics centre on the effect that accounts and transactions have on the balance sheet. 2. The equation approach. In using the equation approach, teachers introduce students to the balance- sheet equation first and then to a complete balance sheet. Students should develop the ability to analyse business transactions by learning the relationship of the elements of the accounting equation, the effects that various transactions have on these elements, and the reason for debit and credit rules. 3. The systems approach. In this approach, examples of how given accounting activities fit into an account¬ ing system are provided. Flow charts are used exten¬ sively to illustrate the sequence of procedures and the flow of accounting data through the accounting sys¬ tem.