Nothin' But Net Accounting Simulation

A Manual Accounting Simulation for a Service-based Business

Students demonstrate their understanding of the accounting cycle procedures for a service-based business.

Description

Nothin' But Net is a comprehensive manual accounting simulation 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. In this simulation, students perform the functions necessary to complete the accounting cycle reporting for a one-month period.

Features
  • Students demonstrate their understanding of the accounting cycle procedures for a service-based business.
  • Requires students to perform beyond the mechanics of the accounting function.
  • Uses a six special column journal.
  • An excellent “Cycle 1” assessment tool.
  • Multi-class project. Simulation kit includes all working papers and necessary forms.
  • An innovative “Analyze This” approach requires students to “think” about what their accounting practices mean to business cash flow.
  • Audit test (included in the Teacher’s Guide) requires students to demonstrate their understanding of their own work.
Simulation Packet Contents

The Simulation Packet Includes:

Instructions and Transactions Booklet

Journal Booklet

General Ledger Booklet

Working Papers and Forms

Skills Covered
  1. Analyze Business Transactions
  2. Identify Source Documents
  3. Record Transactions in a Journal
  4. Proving the Journal Pages
  5. Understanding of Business Forms Used (Journal, General Ledger, Proof Forms, Worksheet, Bank Reconciliation, Financial Statements)
  6. Reconciliation of Bank Account
  7. Establish & Replenish Petty Cash
  8. Posting to General Ledger Accounts
  9. Preparing a Trial Balance
  10. Adjustments Profitability & Profit Margin
  11. Completing the Worksheet
  12. Preparing Financial Statements
  13. Adjusting & Closing Entries
  14. Completing the Closing Process
  15. Component Percentages
  16. Analyzing the Needs of the Business
Teacher's Guide

Teacher's Guide Includes:

Solutions to the simulation

Instructions for administering the simulation

Reproducible Audit Test

Reproducible "Analyze This" Test

Specifications

Grade: 9-12

Nothin' But Net Accounting Simulation Student Packet (Digital) 5-Year License (Print)
ISBN: 978-1-934422-18-2
Author: Nancy deLisle
© 2009
Time: 4-6 Hour(s)
Size: 8.5" x 11"
Print Color: BW

Nothin' But Net Accounting Simulation Teacher's Solutions Guide (Print)
ISBN: 978-1-934422-19-9
Author: Nancy deLisle
© 2009
Size: 8.5" x 11"

Item # Item Name ISBN Qty. Unit Price Total
TB-NBN-SIM Nothin' But Net Accounting Simulation Student Packet (Digital) 5-Year License 9781934422182 $27.95
TB-NBN-TG Nothin' But Net Accounting Simulation Teacher's Solutions Guide 9781934422199 $69.95
Product Total: $0.00