Motivated by concerns about the quality of accounting education and calls for a broader, more active approach to learning by numerous accounting educators and practitioners over the past 2 decades, the authors of this article sought to provide a framework and example materials to address those issues. The framework makes use of broad, economic contracting notions to supplement the traditional decision-usefulness approach to accounting. The contracting perspective more explicitly considers the incentives of all parties to the various contracts with the entity and the information environment in which decisions are made. The approach, which can be applied with any textbook in multiple settings, supports a "discovery" mode of learning focusing on the methods and skills of inquiry, analysis, judgment, and decision making. (Contains 2 figures and 3 notes.)