Nothin' But Net Accounting Simulation

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.

• 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.

The Simulation Packet Includes:

Instructions and Transactions Booklet

Journal Booklet

General Ledger Booklet

Working Papers and Forms

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 Includes:

Solutions to the simulation

Instructions for administering the simulation

Reproducible Audit Test

Reproducible "Analyze This" Test

Grade: 9-12

Nothin' But Net Accounting Simulation (Digital 5 Yr. Student License) - Min. 15
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 Solution Guide
ISBN: 978-1-934422-19-9
Author: Nancy deLisle
© 2009
Size: 8.5" x 11"