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Imagine you are leading an online study group for your fellow students. For an upcoming quiz, you all need to demonstrate your understanding of basic accounting vocabulary, terms, and functions. After brainstorming a few ideas, you conclude that you will make a game with the vocabulary words and the definitions to use in the study group.
The vocabulary words you need to define within the game are:
Invoice: Documents that detail the costs due for the sale for the sale of goods or services
Balance sheet: Statement that labels a company's assets, liabilities, and shareholders.
Equity capital: Capital that a company owns that is not tied to debt.
Debt capital: Borrows funds that need to be repaid later.
Income statement: Shows a business's revenue, expenses, gains, and losses.
Financial ratios: Calculations from a company's financial's statement to provide insights for its performance
Line of credit: flexible loan for businesses
Collateral: asset of value that a borrower pledges as a guarantee that a loan will be repaid
Factoring: Transaction and types of debtors finance which businesses sells its accounts to a third party.
Cash flow analysis statement: Inflows and outflows of cash in an organization obtained from financing, operating, and investing activites.
Return on investment: The value of an investment versus the cost
Return on equity: Measure of a company's financial report.
Chart of accounts: index of all of the financial accounts in a company's general ledger
Cash: Amount of actual money a business has as its disposal
Accounts receivable: The money a company's customers owe for goods or services they have received but not yet paid for.
Fixed assets: Things that are purchased for long-term use and is not likely to be converted quickly into cash, such as land, buildings, and equipment.
Liquid assets: Assets that can be easily accessed or converted into cash.
Illiquid assets: Asset that is extremely hard or impossible to sell quickly for its fair market value.
You can create your game using either a word processing program, slideshow presentation program, or any other way you can capture the information.
Step 1: Determine the Game idea
Brainstorm ideas for games. "Office trivia"
Think about games you can create that incorporate learning vocabulary definitions.
Be creative!
Step 2: Create the Game
Create a game using the terms provided.
It is a multiplayer game that tests people knowledge about businesses. You give them questions about the definitions up above and they have to answer it, and if they get it right, they get a point. After they get enough points you can sabotage the other players to try and prevent them from winning.
The game, or a template for the game, can be developed using a word processing program, slideshow program, or any other way you can capture the information.
Just imagine a business man working on his computer in a office.
Be sure to incorporate the terms and the definitions of each term in the game.
