Accounting Monopoly Simulation

In one of his most clear-cut and simple presentations, Sal discusses the difference between collateralizing a loan and creating a purchase agreement. With an example of a watch and a kidney transplant, the video thoroughly explains the...

With bright, simple diagrams, Sal explains the role of the Federal Reserve as it relates to lending rates between banks. He discusses open market operations and the way the "Fed" connects to Congress and the U.S. Government.

Students calculate commission for a stock transaction through a broker using the relationship between percentages and decimals. They decide which stocks are preferable based on the price to earnings ratios listed on the stock market quotes.

Students are introduced to a five column way to record transactions. In groups, they discuss the importance of source documents when recording the transactions and balancing the account at the end of the month. To end the lesson, they...

Young scholars explore file maintenance and a chart of accounts for a proprietorship set up as a service business. They review journals and what is posted in a journal.

Young scholars explore sales journal, purchases journal, general journal, cash receipts journal, and Cash payments journal. They master the online vocabulary activities and then they complete the online chapter quiz.

Ask learners about their personal writing habits, such as whether they keep a journal or a blog, or if they'd ever want to. Though this is not a fully developed lesson, you can use this article and question to provoke discussion and...

Young scholars discover how to journal adjustments and post them into general ledger accounts. They explore what a post closing trial balance is and why it is prepared at the end of a fiscal period. They complete an outline and play...

Students study uncollectible accounts expenses. They analyze adjustments for uncollectible accounts expense and enter the adjustments on a work sheet. They post entries to a general journal and to the accounts receivable and general...

Students explore adjusting and closing accounting entries. They complete an outline and post closing entries to their appropriate accounts. They prepare a Post Closing Trial Balance at the end of a fiscal period and complete online...