The accounting cycle is best learned by doing. Thus the goal of this accounting simulation is to provide the student with a hands-on approach to learning the accounting cycle--from analyzing and journalizing transactions and events to financial statement preparation and end-of-period closing. If completed manually this simulation may take 10 - 14 hours to complete. Alternatively the student may use computerized accounting packages such as Simply Accounting by Sage QuickBooks® MYOB® etc.
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