Accounting Information and Business Decisions

Dublin Core

Title

Accounting Information and Business Decisions

Creator

--

Publisher

--

Format

Handspiel

Description

“The companies compete in the market for purchases of raw materials which are available in limited quantities. After a production decision has been made, each company competes to sell its manufactured goods. All companies start with the same financial position, and all have the opportunity to borrow funds from the bank at any time. At the beginning of each period, each company prepares a cash budget. At the end of each quarter each company prepares a balance sheet and income statement. At the beginning of the game, teams can choose their organization structure and decide whether they wish to use accelerated or straight line depreciation, FIFO, LIFO, or average costs for inventory, and direct or absorption costing for inventory accounting purposes. Each industry can choose its own criteria for success.” (Graham/Gray 1969, 260)

Source

Graham/Gray 1969, 260

Date

1964 (maybe earlier)

Coverage

--

Citation

--, “Accounting Information and Business Decisions,” Learning Games Initiative Research Archive (LGIRA), accessed August 21, 2019, http://lgira.mesmernet.org/items/show/2424.

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