The Accounting Game

The Accounting Game : Basic Accounting Fresh from the Lemonade Stand

4.22 (964 ratings by Goodreads)
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A clear, easy-to-understand explanation of key financial accounting basics.
The world of accounting can be intimidating. Whether you're a manager, business owner, aspiring entrepreneur, or taking a college course in accounting, you'll find yourself need to know the basics...but baffled by complicated accounting books. What if learning accounting could be as simple and fun as running a child's lemonade stand? It can.
The Accounting Game presents financial information in a format so simple and so unlike a common accounting textbook, you may forget you're learning skills that will help you get ahead! Using the world of a child's lemonade stand to teach the basics of managing your finances, this book makes a dry subject fun and understandable. 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:
Interactive format gives you hands-on experienceColor-coded charts and worksheets help you remember key termsStep-by-step process takes you from novice to expert with easeFun story format speeds retention of essential conceptsDesigned to apply what you learn to the real worldThe revolutionary approach of The Accounting Game takes the difficult subjects of accounting and business finance and makes them something you can easily learn, understand, remember and use!
Praise for The Accounting Game:
"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
"Fantastic Learning Tool...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."
-Amazon Reviewer
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Product details

  • Paperback | 192 pages
  • 216 x 280 x 13mm | 625g
  • Naperville, United States
  • English
  • Revised
  • Updated, Revised ed.
  • w. col. ills.
  • 1402211864
  • 9781402211867
  • 73,370

Table of contents


Chapter 1: Cash, Original Investment, Assets, Liabilities, Notes Payable, Owner's Equity, Balance Sheets, Inventory, Earnings, Expenses
Chapter 2: Gross Profit, Net Profit, Income Statements, Cash Flow
Chapter 3: Retained Earnings, Loans, Credit, Accounts Payable, Notes Payable
Chapter 4: Paid Labor, Accounts Receivable, Bad Debt, Interest, Prepaid Expenses, Accrual Method, Cash Method, Creative Accounting
Chapter 5: Service Businesses
Chapter 6: FIFO, LIFO
Chapter 7: Cash Statements, Fixed Assets, Capitalization, Depreciation
Chapter 8: Profits vs. Cash
Chapter 9: Taxes, Liquidation
Chapter 10: Final Analysis - Improving Profits

Answer Key
About the Authors
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About Darrell Mullis

Darrell Mullis served as the Director of Training and Development at Educational Discoveries for over twelve years where he 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.

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.
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Rating details

964 ratings
4.22 out of 5 stars
5 47% (455)
4 34% (328)
3 14% (133)
2 4% (37)
1 1% (11)
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