Accounting & Analytics · Financial Accounting

Store P&L: Ridgeway Hardware

Play the part-time bookkeeper at Ridgeway Hardware in Asheville, NC. Code March transactions, pick an inventory method under rising lumber prices, build a GAAP income statement and balance sheet, and diagnose why net profit fell 18% when revenue rose 6%.

4 rounds Undergraduate English, Español
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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 4 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:

  • Inventory Method Election
  • Sales Tax Owed to NC DOR ($)
  • Utilities Accrual — March 30 invoice ($)
  • MACRS Depreciation for March ($)
  • Inventory Shrinkage
  • Margin Erosion (lumber)
  • Labor Cost Creep
  • Rising Interest Expense
  • Storefront Rent Increase
  • Recommended Actions (2–3 sentences)

Subjects covered

Designed for courses in Financial Accounting.

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