Accounting & Analytics · Financial Accounting

Accounting Fundamentals: Las Cuentas del Negocio

Simulation to teach double-entry accounting, the accounting equation, and financial statement construction through 10 realistic business transactions at a small retail pharmacy in Ecuador.

10 rounds Undergraduate English, Español

Preview

About this simulation

Simulation to teach double-entry accounting, the accounting equation, and financial statement construction through 10 realistic business transactions at a small retail pharmacy in Ecuador. Students play as the bookkeeper of Farmacia San Andrés, recording journal entries that build a complete Balance Sheet and Income Statement.

Who it is for

An introductory simulation that assumes no prior knowledge of the subject, designed for undergraduate courses. It also works in vocational and high-school programmes and in onboarding sessions.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 10 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Cuenta Débito
  • Débito ($)
  • Cuenta Crédito
  • Crédito ($)

What participants track

What participants follow on screen as the rounds go by:

  • Asiento Contable
  • Balance General

Subjects covered

Designed for courses in Financial Accounting.

  • Financial Accounting Principles (GAAP / IFRS)
  • Managerial Accounting & Cost Analysis

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