Unit 4: Accouting Simulation Unit

The impact of completing the accounting cycle for a business by either completing a Online Working Paper Reinforcement Assignment or a cloud based accounting simulation

Dive into the business simulation either on paper (a textbook provided Reinforcement Problem) or by reading the introduction about cloud-based simulations and the details about the business.
Students will learn how to successfully architect cloud accounting or use the textbook's online working papers to complete the steps in the accounting simulation
Students will set up a Chart of Accounts, Accounts Receivable, and Accounts Payable Account Assignments.
Verify year-end date, accounting method, and closing entries
Cloud Create a Checkbook and learn how to use check stubs, deposit tickets, and bank statements to post all banking transactions
Students will verify account balance with the balances in the workbook at the end of each
Students will learn how to record Sales
Students will create a trial balance and financial statements

Independent Practice: recycling/reinforcement problem or a simulation

• quick and efficient implementation of new software
• readily accessible from virtually anywhere
• streamline bookkeeping process
• updates of financial record in real time
• real world application of what learned in course