Financial Accounting
Four quarters. Fifty-plus transactions. Real decisions. Students close the books for a growing company — from opening balances through adjusting entries and financial statements.
What students actually do
Every round puts students in the seat of a staff accountant at a growing company.
Read the inbox
Receive realistic business emails with invoices, memos, and financial communications.
Record journal entries
Select accounts, enter debits and credits, and submit for instant validation.
Generate statements
See your journal entries flow into a balance sheet, income statement, and trial balance.
Face ethical dilemmas
Navigate real-world pressure — and live with the consequences of your choices.
A full fiscal year, one decision at a time
Company Formation
Set up the books, record initial investment, and establish opening balances.
Revenue Cycle
Process sales on account, cash collections, and recognize revenue correctly.
Expense Recognition
Handle payroll, rent, utilities, and prepaid expenses across periods.
Asset Acquisition
Purchase equipment, record depreciation, and manage fixed asset tracking.
Inventory & COGS
Track inventory flows, calculate cost of goods sold, and manage purchase orders.
Accounts Payable
Manage supplier invoices, payment terms, and cash flow decisions.
Ethical Scenarios
Face pressure to manipulate numbers. Make decisions. See consequences.
Adjusting Entries
Accruals, deferrals, and period-end adjustments to get the books right.
Financial Statements
Compile the trial balance, income statement, and balance sheet.
Closing the Books
Close temporary accounts and prepare for the next fiscal year.
“Explain My Mistake”
Before their final attempt, students can ask the AI to explain where their journal entry went wrong — without revealing the answer. It teaches them to think, not just copy.
- Guides students to the right concept, not the right answer
- Configurable penalty (default 10% point deduction)
- Available only before the last attempt — keeps stakes real
- Faculty can enable/disable per section
I debited Equipment and credited Accounts Payable for the $24,500 equipment purchase, but it's marked wrong. What am I missing?
Good instinct on the Equipment debit! Look again at the email — how was this purchase actually paid for? The payment method determines which credit account you should use. Re-read the second paragraph of the supplier invoice.
AI explains the concept without revealing the answer
Four scenarios. Real pressure. Real consequences.
Embedded in Rounds 7–10, students face ethical dilemmas that mirror real-world accounting scandals — from revenue inflation to depreciation manipulation.
Revenue Inflation
Pressure to book sales early to meet quarterly targets.
Expense Deferral
Asked to move expenses to next period to improve earnings.
Depreciation Games
Told to change useful life estimates to boost asset values.
Disclosure Omission
Pressured to leave a material liability off the books.
Bring Financial Accounting to life in your classroom.
Set up a free faculty pilot in minutes. Share an invite code with your students and watch them close the books.