Interactive Accounting Labs
Experience Accounting Like Never Before
Our interactive accounting labs immerse students in real-world business scenarios, making learning practical, engaging, and hands-on.
With randomized data for each student, auto-grading, and step-by-step activities that cover the entire accounting cycle, our labs ensure a deeper understanding of accounting concepts while fostering independent problem-solving skills.
Why Choose Our Accounting Labs?
Our accounting labs focus on providing an immersive learning experience by simulating real-life business scenarios. Teachers can choose individual labs, worksheets or bundle them together for a complete accounting curriculum.
Here is why our Accounting Activities are more effective –
Real-World Simulations
Students manage the accounting of fictional real life businesses. Example: Alex's Auto Detailing Accounting Lab - Students manage the full accounting life cycle of Alex's business.
Step-by-Step Accounting Cycle
Our Accounting I labs cover the entire accounting cycle - From transactions to financial statements.
Fully Interactive & Auto-Graded
Each lab is interactive and automatically graded. Students receive instant feedback, allowing them to learn from their mistakes and improve their accounting skills.
Randomization & Individualized Learning
In Randomized Mode, every student receives a unique set of transaction amounts or problem sets.
Real-World Simulations
Students manage a fictional business, such as, Alex’s Auto Detailing, Lily’s Lawn Care, etc. where they handle everything from journal entries to preparing income statements. This real-world context makes learning accounting relevant and practical.
Problem statement for Accounting: Alex's Auto Detailing Lab
Step-by-Step Accounting Cycle
Our labs cover the entire accounting cycle. Each lab guides students through a specific process, including:
- Recording transactions
- Creating journal entries
- Posting to the general ledger
- Preparing a trial balance
- Adjusting entries
- Financial statements
- Making closing entries
Randomized Data for Every Student
To encourage independent thinking and prevent copying, teacher can optionally choose "Randomized Mode".
In this mode every student receives a unique set of transaction amounts. This randomization ensures that each student must work through the problems on their own.
In this mode every student receives a unique set of transaction amounts. This randomization ensures that each student must work through the problems on their own.
Fully Interactive and Auto-Graded
Each lab contains several interactive worksheet activities, and all of them are automatically graded.
Students receive instant feedback, allowing them to learn from their mistakes and improve their accounting skills. Teachers can monitor student progress in real time.
Students receive instant feedback, allowing them to learn from their mistakes and improve their accounting skills. Teachers can monitor student progress in real time.
Accounting - Labs & Activities
Grade 8-12
$5.00
$50.00
/classroom
Students will act as the junior accountant of the restaurant chain Flavor Frenzy. Their task is to analyze the income statement of the three locations of the restaurant. Then they will aggregate the calculations, find the taxable income, and calculate the total corporate tax to be paid.
5 Activities
1 Hour
Grade 7-12
$20.00
$0.00
/classroom
This is an interactive, practical lab where students do accounting for a lawn care business. They’ll create journal entries, ledgers, trial balances, adjusting entries, financial statements, and closing entries. This hands-on lab gives students real-world accounting experience in a simulated business environment.
20 Activities
4 Hours
Grade 7-12
$25.00
$80.00
/classroom
Alex's Accounting Lab guides students through the accounting cycle, from recording transactions to preparing financial statements. Students help Alex manage his auto detailing business by learning double-entry accounting, adjusting entries, and closing entries. This interactive lab makes accounting concepts practical and easy to understand for students.
25 Activities
3 Hours
In this activity, students will learn to record financial transactions in a journal for Alex's business, "Sunny Snacks." They will practice identifying, classifying, and documenting entries accurately.
$2.00
$10.00
/classroom
Join Sarah as she manages her new bookstore, "Sarah's Book Nook." In this worksheet, students will help Sarah ensure her books are balanced by recording her January transactions and preparing a trial balance. By examining the ledger accounts and filling out the trial balance table, students will practice their accounting skills and ensure that Sarah's business finances are accurately tracked.
$2.00
$10.00
/classroom
This worksheet introduces students to the 8-column worksheet, a vital tool in accounting for creating adjusting entries, and preparing financial statements.
$5.00
$0.00
/classroom
In this activity, students will categorize 11 accounts by dragging and dropping them into one of five account types: assets, liabilities, equity, expenses, and revenue. Additionally, they will define the meaning of debit and credit for each account type, reinforcing their understanding of the fundamental accounting principles.
FREE
$0.00
/classroom
In this worksheet, students will analyze 12 business transactions for Alex's Auto Detailing. Their task is to identify the accounts impacted by each transaction from a provided list of 11 possible accounts. This activity helps students understand how different transactions affect a business's financial records.
$2.00
$0.00
/classroom
In this activity, students will work with 12 transactions from Alex's Auto Detailing business and create T-accounts for 11 accounts involved. Each student receives a unique set of transaction amounts, ensuring independent work and preventing answer copying. The worksheet is auto-graded, providing instant feedback, and helps students practice tracking debits and credits in T-accounts.
$4.00
$0.00
/classroom
In this activity, students will help Alex manage his auto detailing business by journalizing 12 transactions from the first month of operations. Each student receives a unique set of random transaction amounts, ensuring independent work. The worksheet is auto-graded, providing instant feedback.
$3.00
$0.00
/classroom
In this worksheet, students will be provided with the trial balance and income statement for Alex's Auto Detailing, each with random transaction amounts. Their task is to use this information to prepare a balance sheet, listing all assets, liabilities, and equity. This activity helps students practice building a balance sheet and understanding the financial position of a business.
$3.00
$0.00
/classroom
In this worksheet, students will help Alex's Auto Detailing business by preparing closing entries and creating a post-closing trial balance. Using the provided trial balance, students will close out temporary accounts and ensure that the post-closing trial balance reflects only permanent accounts.
$3.00
$0.00
/classroom
In this worksheet, students will help Alex's Auto Detailing business by preparing closing entries and creating a post-closing trial balance. Using the provided trial balance, students will close out temporary accounts and ensure that the post-closing trial balance reflects only permanent accounts.
$3.00
$0.00
/classroom
In this worksheet, students will help Alex's Auto Detailing business by preparing closing entries and creating a post-closing trial balance. Using the provided trial balance, students will close out temporary accounts and ensure that the post-closing trial balance reflects only permanent accounts.
$3.00
$0.00
/classroom
In this worksheet, students will help Alex's Auto Detailing business by preparing closing entries and creating a post-closing trial balance. Using the provided trial balance, students will close out temporary accounts and ensure that the post-closing trial balance reflects only permanent accounts.
$3.00
$0.00
/classroom
In this worksheet, students will help Alex's Auto Detailing business by preparing closing entries and creating a post-closing trial balance. Using the provided trial balance, students will close out temporary accounts and ensure that the post-closing trial balance reflects only permanent accounts.
$3.00
$0.00
/classroom
