The Accounting Game: Basic Accounting Fresh from the Lemonade Stand

by Darrell Mullis, Judith Orloff

Overview

Confused by accounting? Start with a lemonade stand.

Whether you're launching a small business, running a side hustle, or just want to feel confident reading a balance sheet, The Accounting Game makes learning accounting fast, fun, and unforgettable.

This bestselling guide uses the story of a child's lemonade stand to teach real-world accounting basics, without the confusing jargon. Through interactive lessons, step-by-step worksheets, and a gamified format, you'll master key financial skills like tracking expenses, understanding cash flow, and building profit.

Included you'll find:

• 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

Used in classrooms, corporate trainings, and homeschool curriculums around the world, this is the go-to accounting book for people who hate accounting books.

Product Details

ISBN-13:	9781402211867
Publisher:	Sourcebooks
Publication date:	03/01/2008
Edition description:	Updated
Pages:	192
Product dimensions:	8.30(w) x 10.80(h) x 0.60(d)

About the Author

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.

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