Play the game of Monopoly. This can be done with an online version or with friends for the traditional board game. (Hint: Whining that you are forced to play this game for an accounting class may make your friends feel bad enough that they will bring you pizza J ) OBJECTIVE: Each player will be considered a company. Your objective in playing this game is to create a quarterly report to your shareholders for 4 consecutive quarters, totaling one year. Each annual report will include a balance sheet, profit and loss statement (aka income statement), and cash flow statement along with a narrative for the quarter. RULES: Write down your accounting transactions for each round (each player plays once, equaling one month of the year) including amount of cash at start and end, rent collected, expenses paid, community chest or chance cards your company draws, other income (passing go), hotel/motel purchases, or other expenses. Each will be an account line in your financial reports (rental income, tax, lodging, etc.) To make the process of recording easier, it is suggested that you create a chart of accounts prior to starting the game that you can use to easily record transactions as they occur. One quarter is equal to 3 rounds of the game. You will need to create your financials for each quarter, for a total of 1 year (12 turns). Create your financials for each quarter, along with a narrative explaining your financials. For any assumptions or calculations conducted, include this in an appendix for each year. Example: This first quarter of our company was off to a great start. We purchased our first hotel on Oriental Avenue with a capital investment of $1000. We had a total of 3 visitors, generating $300 of rental income. Our second property, purchased mid-year experienced a hurricane, causing irreparable damage. We have listed it for sale, in hopes of recouping part of our initial investment. Blah blah blah..this happened, that happened.. Have fun!