Accounting Lesson: Accounting Monopoly
Lesson Background
“Accounting Monopoly” is a great way to give your Accounting students practice journalizing business transactions in a simulated business environment. There are a number of different ways to play the game, but the basic idea is to have students prepare journal entries that correspond with the moves they make around the Monopoly board. At the conclusion of the game, students prepare financial statements using the information they have recorded in their general journal and ledgers.
Money Changes Hands During a Game of Accounting Monopoly
You can start incorporating Accounting Monopoly into your curriculum using the materials below and a few Monopoly boards.
If you have any tips and tricks from your own Accounting Monopoly experience, please share them in the comments section below.
Lesson Resources
Instructions: Accounting Monopoly (Includes sheet for Chart of Accounts)
Accounting Forms: Accounting Monopoly (Includes General Journal, Ledgers, & Memorandums)
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