The Accounting Game : Basic Accounting Fresh from the Lemonade Stand

Basic Accounting Fresh From the Lemonade Stand
The world of accounting can be intimidating. But, more often than not, there's no way to avoid it - even non-financial jobs venture into financial jargon and concepts. For those trying to get more done at the office, organize the dollars and cents in a small business, or just in need of a refresher, there's no reason to turn to the average number-crunching class again.

The Accounting Game presents financial information in a format so simple and so unlike a common accounting textbook, you may forget youre learning key skills that will help you get ahead!

This book uses the world of a kid's lemonade stand to teach the basics of financial language and records. You'll run your own lemonade stand and make it grow by creating signs to advertise it, borrowing money from Mom, buying lemons and sugar and selling to the whole neighborhood. As you run your stand, you'll begin to understand and apply financial terms and concepts like assets, liabilities, earnings, inventory and notes payable, plus :-

--Know the difference between accrual vs. cash accounting methods
--Create and understand an income statement and balance sheet
--Track inventory using LIFO and FIFO
--Create cash statements and understand cash flow and liquidity
--Apply your new knowledge to real-life situations


The revolutionary approach of The Accounting Game takes the typically mundane subjects of accounting and business finance and makes them something you can easily learn, understand, remember and use!

"The game approach makes the subject matter most understandable. I highly recommend it to anyone frightened by either numbers or accountants." --John Hernandis, Director of Corporate Communications, American Greetings

The Accounting Game is produced by Educational Discoveries, the training industrys leader in accelerative learning technology. More than 70,000 people have graduated from The Accounting Game, the world's most successful one-day financial seminar.

Introduction
Pre-Test

Chapter 1. : Cash, Original Investment, Assets, Liabilities, Notes Payable, Owner’s Equity, Balance Sheets, Inventory, Earnings, Expenses

Chapter 2. : Gross Profit, Net Profit, Income Statements, Cash Flow
Chapter 3. : Retained Earnings, Loans, Credit, Accounts Payable, Notes Payable
Chapter 4. : Paid Labor, Accounts Receivable, Bad Debt, Interest, Prepaid Expenses, Accrual Method, Cash Method, Creative Accounting
Chapter 5. : Service Businesses
Chapter 6. : FIFO, LIFO
Chapter 7. : Cash Statements, Fixed Assets, Capitalization, Depreciation
Chapter 8. : Profits vs. Cash
Chapter 9. : Taxes, Analysis
Chapter 10. : Final Analysis

Post-Test
Answer Key
Glossary
Index