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©2009
Format includes packet of manual accounting forms,
worksheets, and instructions booklet.
Grades 9 and up
By Nancy deLisle
(Available January 2009) |
Your accounting students take charge of the books for Nothin’ But
Net, a service-based business organized as a sole
proprietorship!
This manual accounting
simulation is a
comprehensive project that allows your students to take charge of
the accounting functions for Nothin’ But Net, an
innovative business that provides Web site design services for
internet-based businesses.
Students will perform the functions
necessary to complete the accounting cycle reporting for a one-month
period.
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Skills
Covered: |
- Analyze Business
Transactions
- Source Documents
- Record Transactions in a
Journal
- Proving the Journal Pages
- Understanding of Business
Forms Used (Journal, General Ledger, Proof Forms, Worksheet,
Bank Reconciliation, Financial Statements)
- Reconciliation of Bank
Account
- Establish & Replenish
Petty Cash
Posting to General Ledger Accounts
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- Preparing a Trial Balance
- Adjustments
- Profitability & Profit
Margin
- Completing the Worksheet
- Preparing Financial
Statements
- Adjusting & Closing
Entries
- Completing the Closing
Process
- Component Percentages
- Analyzing the Needs of the
Business
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