Brooke's Books
Advanced Accounting

Our Advanced Accounting simulation is designed for those students who want to further their knowledge of advanced accounting topics, gain experiene architecting an effective cloud-based accounting software system, and explore the various aspects of Generally Accepted Accounting Principles, or GAAP.

Topic: Accounting
Level of Difficulty: Intermediate
Estimated Length: 12-14 Hours


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How it works

Our simulations consist of three main components.

Guided simulation workbook

The simulation workbook is broken down into various sections to align with different accounting tasks. Each section contains examples, pictures, checkpoints and learning objectives.

Realistic financial documents

Students will utilize real-world mock financial documents such as bank statements, check stubs, deposits slips, sales reports and invoices to post transactions throughout the simulation.

Cloud accounting software

The Crunched Cloud Accounting software is 100% cloud based so there is nothing to download or install. Students can access the software from any computer, anywhere and easily upload their reports for grading.

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Key learning objectives

 

Small business accounting tasks

Brooke's Books - Advanced Accounting simulation will expand your students knowledge of real world accounting tasks. Students will gain more experience with inventory management and cost of goods sold, payroll administration, prepaids, accruals, depreciation and timing adjustments.

Real-world accounting technology

Students will gain a better understanding of designing a cloud accounting system and posting various transaction types within an accounting software. When students understand how to successfully input transactions into the system, they will feel confident jumping into any accounting software.

Table of contents

 

Part 1 - Intro & Systems Development
Part 2 - Starting Capital, Fixed Assets & Beginning Balances
Part 3 - Accounts Payable & Operating Expenses
Part 4 - Wholesale Sales Revenue & Accounts Receivable
Part 5 - Retail & E-Commerce Sales Revenue Journal Entries
Part 6 - Employees, Payroll Administration, Taxes & Liabilities
Part 7 - Banking & Checkbook Reconciliation
Part 8 - Inventory, Cost of Goods Sold
Part 9 - Prepaids, Accruals, Depreciation & Timing Adjustments
Part 10 - Financial Recap, Reportin, and Knowledge Testing

 

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