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.