The Graphics Company is a short, concise project. It is ideally suited as an evaluation assignment, examination, or general review of the complete accounting cycle. Students record 30 straight-forward transactions in five basic journals - Sales, Cash Receipts, Purchases, Cash Payments, General - and post to the General, Accounts Receivable, and Accounts Payable ledgers before making month-end adjustments and preparing financial statements.
Like all the simulations from Blue Sky Publishing, The Graphics Company includes realistic facsimile paperwork (sales and expense invoices) and banking documents (deposit slips, cheque stubs, bank statement and cancelled cheques.) Source documents, journals, ledgers, and other required working papers (worksheet, bank reconciliation form, schedules and financial statement formats) are bound in a concise package along with replica cheque stubs, deposit slips and bank statements. Students can begin to record transactions without undue confusion or extensive organization.
Although transactions are not complex or numerous, they reinforce a student's theoretic understanding of the complete accounting cycle for an unincorporated service business. Opening balances have been recorded in the appropriate ledgers as a time-saver, with an opening trial balance and related schedules given for reference. Data is also provided for routine month-end adjustments.
If you need a tool to evaluate prior learning, have limited time for
out-of-class projects, or need a "fresh" exam, consider the advantages
of The Graphics Company.
First Choice Carpets Inc is a comprehensive accounting simulation (practice
set) intended for students enrolled in accounting programs. Three months
of business transactions for a corporation - over 100 source
documents - cover introductory accounting concepts including payroll,
inventory and merchandising. Documentation includes sales invoices,
purchase and expense invoices and statements, deposit slips, cheque
stubs and bank statements with cancelled cheques and memos. Students
read and identify source documents, then process the transactions from
the typical "pieces of paper" of a business operation. Estimated
completion time is 25-30 hours. First Choice Carpets Inc can be packaged
without the manual ledgers for computer processing. A Computer
Option version is also available.
|A clone of First Choice Carpets
Inc, this two-month simulation covers the same comprehensive material
with the addition of HST. The simulation includes source
documents and manual ledgers. Removal of the manual ledgers makes
Mountain Carpets Ltd an ideal project for computer applications classes.
Blue Ribbon Carpets, the unincorporated version with transactions for
two months, shares the same attention to detail and true-to-life business
situation of its companions. It is ideal for situations where students
have not yet studied corporate theory or when time is at a premium.
This simulation includes merchandising, inventory and payroll transactions
for an unincorporated partnership. Realistic source
documents, bank statements and manual ledgers are included in the
A realistic business situation for golf management students - and others.
Who wouldn't like to run a golf centre? Transactions for an established
modern golf enterprise allow golf management students an opportunity
to play manager and bookkeeper! Keep their interest alive in class with
a situation they'll find appealing. Payroll, inventory and merchandising
concepts are covered. Year-end reports are included for the established
business along with source documents for two
months of operation. With sufficient notice (45 days), the simulation
can be packaged with one month of documents at a slightly-reduced cost.
For processing using accounting software, the manual ledgers can be
Red Dragon Karate School, Carita Dance Academy and Compu-Keys Computer School are three variations of smaller - but still realistic and comprehensive - business situations. The situations represent service businesses that students will certainly encounter (or operate) in real life. All are unincorporated partnerships.
The simulations are suitable for introductory accounting or business students who have not yet covered merchandising concepts, corporation theory or payroll. The three unique scenarios share the same basic framework and types of transactions, which make them ideal for alternating from year-to-year or class-to-class. Estimated completion time for any of the "little ones" is 12-15 hours.
Each simulation includes source documents (sales and expense invoices, deposit slips, cheque stubs and bank statements) from two months of operation for processing into meaningful financial statements. The simualtions can be packaged without the manual ledgers for use in computer accounting classes.
Compu-Keys Computer School, Part II - Computer Accounting Edition is designed for use in a subsequent accounting software class and offers students an opportunity to return to a familiar scenario.