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MERLOT II




        

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Accounting Monopoly

        

Accounting Monopoly

Logo for Accounting Monopoly
Playing Accounting Monopoly gives students an opportunity to complete most of the accounting cycle using documents they create as well as practice writing checks and keeping a check book as a sole proprietor. Contents include: game rules, teacher instructions, and all the forms and worksheets required to implement the activity.
Material Type: Simulation
Technical Format: PDF
Date Added to MERLOT: April 01, 2005
Date Modified in MERLOT: March 09, 2013
Author:
Send email to lymanc@sfcn.org
Submitter: Susan Moncada

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About

Primary Audience: High School, College General Ed
Mobile Compatibility: Not specified at this time
Technical Requirements: Browser and Adobe Acrobat Reader or Works or Word
Language: English
Material Version: Office 97 and Works 3.0 supported
Cost Involved: no
Source Code Available: no
Accessiblity Information Available: no
Creative Commons: unsure

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Avatar for Tamara Oakes
2 years ago

Tamara Oakes (Faculty)

I have used an activity similar to this in my Practical Accounting classes. I will try to schedule one class period for the activity (a class lasts 80 minutes) and try to set up the boards before students come to class. This allows for the maximum time possible for playing the game. I will also slip in a Monopoly day if we get through a chapter in fewer days than scheduled. Once students have played the game once, they will often ask when another opportunity to play can be arranged.

This activity gives each student a chance to analyze a unique set of transactions. I also encourage the students to help each other work through the tougher transactions (paying someone for a vote or winning a beauty pagent). In class, students are only required to journalize the transactions that affect them as the game is played. Outside of class, they post the transactions to the ledger and prepare an income statement, statement of owner's equity, and a balance sheet. I use instructions that are similar to those provided with this material.