The accounting cycle is best learned by doing. Thus, the goal of this accounting simulation is to provide the student with a hands-on approach to learning the accounting cycle--from analyzing and journalizing transactions and events to financial statement preparation and end-of-period closing. If completed manually, this simulation may take 10 - 14 hours to complete. Alternatively, the student may use computerized accounting packages such as Simply Accounting by Sage, QuickBooks(R), MYOB(R), etc.