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Accounting Monopoly

Rating: 4 stars
Used in Course: Not used in course
Submitted by: Tamara Oakes (Faculty), Sep 23, 2011

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.