Accounting Game: Basic Accounting Fresh from the Lemonade Stand

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More About This Book

Overview

The world of accounting can be intimidating. Whether you’re a manager, business owner or aspiring entrepreneur, you’ve likely found yourself needing to know basic accounting…but baffled by complicated accounting books. What if learning accounting could be as simple and fun as running a child’s lemonade stand? It can.

The Accounting Game presents financial information in a format so simple and so unlike a common accounting textbook, you may forget you’re learning key skills that will help you get ahead! Using the world of a child’s lemonade stand to teach the basics of managing your finances, this book makes a dry subject fun and understandable. 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:

--Interactive format gives you hands-on experience
--Color-coded charts and worksheets help you remember key terms
--Step-by-step process takes you from novice to expert with ease
--Fun story format speeds retention of essential concepts
--Designed to apply what you learn to the real world

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

Product Details

  • ISBN-13: 9781402211867
  • Publisher: Sourcebooks, Incorporated
  • Publication date: 3/1/2008
  • Edition description: Updated
  • Edition number: 2
  • Pages: 180
  • Sales rank: 89,796
  • Product dimensions: 8.30 (w) x 10.80 (h) x 0.60 (d)

Meet the Author

Darrell Mullis served as the Director of Training and Development at Educational Discoveries for over twelve years where he taught EDI's learning technology and developed a training program for its trainers. Mullis has also taught over 300 of the phenomenally successful Accounting Game seminars to thousands of Americans. Mullis lives with his four daughters in Louisville, Colorado.

For the past 25 years, Judith Orloff has been helping people transform their lives through self-awareness and education. Among her most significant accomplishments is the founding of the Burlington College in Vermont, where she also created a B.A. program in Transpersonal Psychology. In addition, Orloff is the founder of Educational Discoveries, Inc.

Table of Contents

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, Liquidation Chapter 10: Final Analysis — Improving Profits

Post-Test Answer Key Glossary Index About the Authors Diploma

Judith Orloff

For the past 25 years, Judith Orloff has been helping people transform their lives through self-awareness and education. Among her most significant accomplishments is the founding of the Burlington College in Vermont, where she also created a B.A. program in Transpersonal Psychology. In addition, Orloff is the founder of Educational Discoveries, Inc.

Darrell Mullis

Darrell Mullis served as the Director of Training and Development at Educational Discoveries for over twelve years where he taught EDI's learning technology and developed a training program for its trainers. Mullis has also taught over 300 of the phenomenally successful Accounting Game seminars to thousands of Americans. Mullis lives with his four daughters in Louisville, Colorado.

Customer Reviews

Average Rating 3.5
( 21 )

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See All Sort by: Showing 1 – 20 of 21 Customer Reviews

  • Posted April 10, 2010

    Gets to the point!

    This is a short book for learning accounting fast. It gets right to the point and is a good reference book. It shows you the basics. To go deeper into accounting I recommend Financial Statement Analysis and Security Valuation by Penman which is also a great book.

    2 out of 2 people found this review helpful.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted December 1, 2011

    Very helpful and informal

    I learned a lot from this book. Definitely gave me a better understanding on the subject. Currently studying for my bachelors in accounting and management information systems.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted November 3, 2011

    Nice

    Nice

    0 out of 1 people found this review helpful.

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  • Anonymous

    Posted January 9, 2004

    The Ultimate book for strong Foundation

    I recommend purchasing this book for all those who are considering to learn accounting and want it to be practical at the same time without having to mug up concepts. It uses lemonade business daily operations to exhibit to the reader how accounting really works, and what can you expect in your work life when you turn an accountant. I leanred alot.

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  • Anonymous

    Posted September 6, 2003

    Basics every accountant MUST know

    If you have ever wondered where to get a solid information about accounting which would help you build a solid foundation - your search has stopped here! The illustration this books offers is very simple yet profound and aids you in understanding how the langauge of business works. I very much recommend it.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted March 28, 2003

    The Best Fundamental Accounting Book Ever

    Before I read this book I didn't know a thing about accounting or record keeping. I had read a few other books on accounting but never managed to get past chapter 1! But 'The Accounting Game' is different. It uses a practical scenario to take you through the world of finance, which many people fear (my head use to spin). It teaches you the concepts, not just the boring details. I highly-highly recommend it for all.

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