The Accounting Game : Basic Accounting Fresh from the Lemonade Stand (Paperback)

~ (Author) "Remember how you learned to make money as a kid?..." (more)
Key Phrases: next scorecard, glass rental, lemonade business, Owner's Equity, Cost of Services, Pappy Parker (more...)

Editorial Reviews

Product Description

Basic Accounting Fresh From the Lemonade Stand

The world of accounting can be intimidating. But, more often than not, there's no way to avoid it - even non-financial jobs venture into financial jargon and concepts. For those trying to get more done at the office, organize the dollars and cents in a small business, or just in need of a refresher, there's no reason to turn to the average number-crunching class again.

The Accounting Game presents financial information in a format so simple and so unlike a common accounting textbook, you may forget youre learning key skills that will help you get ahead!

This book uses the world of a kid's lemonade stand to teach the basics of financial language and records. You'll run your own lemonade stand and make it grow by creating signs to advertise it, borrowing money from Mom, buying lemons and sugar and selling to the whole neighborhood. As you run your stand, you'll begin to understand and apply financial terms and concepts like assets, liabilities, earnings, inventory and notes payable, plus: --Know the difference between accrual vs. cash accounting methods
--Create and understand an income statement and balance sheet
--Track inventory using LIFO and FIFO
--Create cash statements and understand cash flow and liquidity
--Apply your new knowledge to real-life situations

The revolutionary approach of The Accounting Game takes the typically mundane subjects of accounting and business finance and makes them something you can easily learn, understand, remember and use!

"The game approach makes the subject matter most understandable. I highly recommend it to anyone frightened by either numbers or accountants." --John Hernandis, Director of Corporate Communications, American Greetings

The Accounting Game is produced by Educational Discoveries, the training industrys leader in accelerative learning technology. More than 70,000 people have graduated from The Accounting Game, the world's most successful one-day financial seminar.

About the Author

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., which not only produces The Accounting Game, but also is the training industry leader in accelerative learning and instructional design. EDI's The Accounting Game is the most successful financial seminar in the world, with over 100,000 graduates.

For the past decade, Darrell Mullis, the Director of Training and Development at Educational Discoveries, has 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.

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Product Details

• Paperback: 192 pages
• Publisher: Sourcebooks, Inc.; illustrated edition edition (November 1, 1998)
• Language: English
• ISBN-10: 1570713960
• ISBN-13: 978-1570713965
• Product Dimensions: 10.8 x 8.5 x 0.6 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 4.5 out of 5 stars  See all reviews (66 customer reviews)
• Amazon.com Sales Rank: #217,043 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

76 of 80 people found the following review helpful:

5.0 out of 5 stars Fantastic Learning Tool, March 16, 2002

By	political idiot (california) - See all my reviews

Don't let this book title fool you. It is not an oversimplification of accounting and financial principles. It is, however, a serious and very effective examination of a very small but progressively complex business. There are not many books available on the market that make a complex and dry subject understandable and even fun. This book successfully does just that. The authors help the reader understand the principles without getting caught up in large numbers to confuse matters.

This book is a brilliant analysis of the original small business --a lemonade stand. This business starts off simple and progresses into a more and more complex financial entity over the course of several weeks. While it is so well explained that even the average teen could undertsand it, this book is a serious learning tool for anyone and does not in any way take on a condescending tone. The authors have fun, but offer meaty information. Ever wonder what the difference and advantages are between the accural and cash methods or why the statement of cashflows is so important or how depreciation effects the bottom line or how the decision to use LIFO or FIFO effects the income statement? All those answers and many more are nicely illustrated in this wonderful book.

39 of 39 people found the following review helpful:

5.0 out of 5 stars Clearest Explanation ever, December 7, 2005

By	Sarah F. Khan "Author of Desi Tales" (New Jersey, USA) - See all my reviews (REAL NAME)

I just graduated this June with an MBA- so I've had done lots of accounting in the past for homework and exams and case study projects at school. I just applied for a job that said I had to take an accounting exam so to study I thought I start with this book before I dive back into accounting since it's thinner than my fat textbooks. I sort of knew all this before- like in school I had half memorized where things went in the balance sheet, income statements etc. and what to subtract or add- but after reading this book, I feel like I really really understand everything in a way I never had before. The book is amazing. I understand the basic concepts intuitively now. It made everything very clear and easy. It's a fun read too!

30 of 30 people found the following review helpful:

5.0 out of 5 stars Effective and engaging!, December 22, 1998

By A Customer

What a fun and effective way to learn accounting! After years of teaching economics to MBA students and freshmen, I wish there had been textbooks written like this to facilitate instruction of often dry topics. It doesn't read like a textbook, rather it entertains while it teaches and got me personally involved. I didn't realize that I was learning accounting concepts until the chapter was over and I stopped laughing. I felt like I had a personal tutor with me each time I read it. Very interactive. Very fun. The material covered is comprehensive, starting out with basic terminology to the construction of a balance sheet to deriving an income statement to understanding how various business scenarios impact financial statements. Don't be put off by its simplicity, because that is what makes this book so effective and engaging. Anybody who wants to make learning interesting should read this book. Anybody who wants a great crash course in accounting to know how to read a balance sheet or explain one should read this book.