The Accounting Game: A Semester's Worth of Accounting in One Easy Book

The Accounting Game: A Semester's Worth of Accounting in One Easy Book

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by Darrell Mullis, Judith Orloff
     
 

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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

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Overview

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

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Editorial Reviews

Cindy Patuszynski
This book is ideal for adults or students who want to pick up some basic accounting knowledge without getting too deep into complicated financial statements. -- ForeWord Magazine

Product Details

ISBN-13:
9781570713965
Publisher:
Sourcebooks
Publication date:
11/28/1998
Edition description:
Older Edition
Pages:
192
Product dimensions:
8.50(w) x 11.00(h) x 0.53(d)

Read an Excerpt

from the Introduction

The Accounting Game is written in a way that creates a specific learning experience for you as it teaches you the basic skills of accounting. We call the learning method accelerative learning. What do you think that means? It is a learning methodology that uses all of your senses as well as your emotions and your critical thinking skills. If you can remember your kindergarten or elementary school classrooms, you will see many colored maps, letters and numbers, bold (even raw) drawings by each child, etc. You learned the alphabet by singing. You learned the multiplication tables by saying them out loud with each other. You laughed a lot. You were creative.

Then, how you were taught began to change when you entered middle school or high school. Learning became more lecture, more black and white, more rote. You studied before tests and probably did well or maybe not. Yet, for all the endless homework and "cramming," most of the information you learned in high school you don't remember now. That's because it went into your short-term memory so that you could pass the tests and move on to the next grade.

Yet, look at all the things you remember from early childhood! While in elementary school, much of the information you learned went directly to your long-term memory, because it was peppered with music, color, movement, smells, emotional experiences and lots of play and fun.

The methodology we use in this book in many ways parallels how you learned in grade school. We do this by accessing the part of your brain where long-term memory lives. Now, the way to reach your long-term memory has to include emotion, because they reside in thesame place in your brain--the limbic region.

The truth is, because of the way we humans learn, we have to discover something ourselves to really learn it. This book, based on Educational Discoveries' flagship seminar, is designed so you make dozens of discoveries. In short, you will learn a college semester's worth of accounting in the time it takes you to interact with this book.

This is quite a reversal, because business people and students have over the years found the subject of accounting quite difficult to master. Many have simply given up in frustration, others have decided to leave accounting to the "experts." This book is for all of you who have hated accounting, had difficulty learning it or ever thought you didn't really "get it."

We think that most attempts to teach accounting fail because of too much attention to details and a failure to present the big picture framework of how it all works and fits together. In this book, we promise not to overburden you with details and to focus on what are really the key concepts of accounting that any businessperson needs to know.

You will learn the structure and purpose of the three primary financial statements--the balance sheet, the income statement and the cash flow statement. You will learn how these fit together and their interrelationships. You will also learn the basic language of business--concepts like cost of goods sold, expenses, bad debts, accrual vs. cash methods of accounting, FIFO and LIFO, capitalizing vs. expensing, depreciation and the difference between cash and profit.

Our promise is that you will get all this information in a fun and easy way that allows you to participate, interact and discover all that you need to know. Many people need to have understanding and confidence in working with financial concepts, but are not ever going to be doing accounting details. If that is you, then this book fits that need, too. It is set up so that you can actually do financial statements as you are learning them. We invite you to "play the game" as you interact with this book.

Understanding all this information is nice, but what do you do with it? The final chapter will give you some tools for analyzing financial information and making better decisions for your company and your career.

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What People are saying about this

John Hernandis
The game approach makes the subject matter most understandable. I highly recommend it to anyone frightened by either numbers or accountants.
Sherrill D. Paul
You crashed through my phobia about accounting principles and what they mean. Thanks.

Meet the Author

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., which not only produces The Accounting Game, but also is the training industry leader in accelerative learning and instructional design. EDI's The Accounting Game is the most successful financial seminar in the world, with over 100,000 graduates.

For the past decade, Darrell Mullis, the Director of Training and Development at Educational Discoveries, has 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.

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Accounting Game 3.4 out of 5 based on 0 ratings. 25 reviews.
BIS More than 1 year ago
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.
Anonymous More than 1 year ago
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.
Anonymous More than 1 year ago
This book is fantastic however the illustrations are horrible on the nook! You can not make out the charts that are presented because they are blurry and unreadable. If this was fixed it would be a 5 star.
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Guest More than 1 year ago
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.
Guest More than 1 year ago
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.
Guest More than 1 year ago
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.
Anonymous More than 1 year ago
Nice