Travis R. Martin, CPA » Accounting http://travisrmartin.com Lesson Plans and Insight from a Business Educator, MBA Student, and All-Around Swell Guy Mon, 17 May 2010 01:18:07 +0000 en hourly 1 http://wordpress.org/?v=3.0 Accounting Lesson: Accounting Monopoly http://travisrmartin.com/2010/04/accounting-lesson-accounting-monopoly/ http://travisrmartin.com/2010/04/accounting-lesson-accounting-monopoly/#comments Mon, 12 Apr 2010 18:29:50 +0000 travisrmartin http://travisrmartin.com/?p=766
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    • ]]>     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

    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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    ]]>     http://travisrmartin.com/2010/04/accounting-lesson-accounting-monopoly/feed/ 0     The World Needs an Accounting Sitcom http://travisrmartin.com/2009/03/the-world-needs-an-accounting-sitcom/ http://travisrmartin.com/2009/03/the-world-needs-an-accounting-sitcom/#comments Sun, 29 Mar 2009 03:08:01 +0000 travisrmartin http://travisrmartin.com/?p=236
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    • ]]>     In the Spring of 2007, NBC rolled out “Andy Barker, PI,” a sitcom featuring a CPA that moonlighted as a private investigator. The main character, played by Andy Richter, filed taxes by day and solved mysteries by night.

    The show was a watershed moment for accountants everywhere. Until Andy Barker, mainstream television had largely ignored the accounting profession, opting for programming featuring cops, doctors, and lawyers.

    Although Andy Barker, PI was probably the single greatest television show ever made, audiences were not impressed. The series lasted just six episodes, or roughly the amount of time it takes to prepare IRS Form 1040EZ. Once again, accountants were unfairly shut out of prime time.

    Until now.  While reading through the local classified ads, I came across the inspiration for a new reality show. Here’s the premise: a CPA Firm that just happens to double as a goat farm (see ad below). I’m guessing NBC, CBS, and ABC will pass…so FOX, if you’re reading this I would be happy to help develop a pilot.

    If Ed can stay on the air for four years, the accounting goat show should be good for at least a season or two.

    Too bad Arthur Andersen didn't think of this business model earlier..."the goats ate the workpapers" would make a lot better excuse than "we shredded the workpapers"

    Too bad Arthur Andersen didn't think of this business model..."the goats ate the workpapers" sounds a lot better than "we shredded the workpapers"

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    1. Accounting Lesson: Accounting Monopoly
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