Nothin' But Net

A Manual Accounting Simulation for a Service-based Business

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

The Nothin’ But Net Simulation is a comprehensive manual accounting simulation project that allows 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.
Online Instructor and Student Resources

The Online Instructor and Student Resources for Nothin' But Net are housed on eReadiness.com

The Simulation Includes:

  • Instructions and Transactions Booklet
  • Journal Booklet
  • General Ledger Booklet
  • Working Papers and Forms

 

Teacher's Guide Includes:

  • Solutions to the simulation
  • Instructions for administering the simulation
  • Reproducible Audit Test
  • Reproducible "Analyze This" Test
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
Specifications

Grade: 9-12

Nothin' But Net (Single Teacher License) (CD)
ISBN: 978-1-934422-18-2
Author: Nancy deLisle
© 2009
Print Color: BW

Nothin' But Net (Mult-Teacher License) (CD)
ISBN: 978-1-934422-90-8
Author: Nancy deLisle
© 2009
Print Color: BW

Nothin' But Net (District License) (CD)
ISBN: 978-1-934422-91-5
Author: Nancy deLisle
© 2009
Print Color: BW

Print Options

Item # Item Name ISBN Qty. Unit Price Total
TB-NBN-POCD-SL Nothin' But Net (Single Teacher License) 9781934422182 $595.95
TB-NBN-POCD-ML Nothin' But Net (Mult-Teacher License) 9781934422908 $895.95
TB-NBN-POCD-DL Nothin' But Net (District License) 9781934422915 $1,495.95
Product Total: $0.00