UNIT 7

Question

UNIT 7
Activity 3
Complete all components in the activity below according to the given instructions. Refer to the provided rubric for information on how you will be graded. Submit your work as a file attachment using the dropbox.

The activity is worth 15 points.

Create a Study Group Game
Required Materials
Slide presentation software or Word processing software
Imagine you are leading an online study group for your fellow students. For an upcoming quiz, you all need to demonstrate your understanding of basic accounting vocabulary, terms, and functions. After brainstorming a few ideas, you conclude that you will make a game with the vocabulary words and the definitions to use in the study group.
The vocabulary words you need to define within the game are:
Invoice
Balance sheet
Equity capital
Debt capital
Income statement
Financial ratios
Line of credit
Collateral
Factoring
Cash flow analysis statement
Return on investment
Return on equity
Chart of accounts
Cash
Accounts receivable
Fixed assets
Liquid assets
Illiquid assets
You can create your game using either a word processing program, slideshow presentation program, or any other way you can capture the information.
Step 1: Determine the Game idea
Brainstorm ideas for games.
Think about games you can create that incorporate learning vocabulary definitions.
Be creative!
Step 2: Create the Game
Create a game using the terms provided.
The game, or a template for the game, can be developed using a word processing program, slideshow program, or any other way you can capture the information.
Be sure to incorporate the terms and the definitions of each term in the game.

GPT-4o mini · Answer

# Study Group Game: Accounting Vocabulary Jeopardy ## Game Idea: The game will be based on the classic game show format of Jeopardy. In this version, students will answer questions related to accounting vocabulary. Each term will be categorized, and students will select a term and answer with the correct definition. Points will be awarded for each correct response. ### Game Structure: - Categories: Each category will have 5 terms, with points increasing based on the difficulty. - Game Board: Created using a slide presentation. - Questions will be displayed on the slides, and participants will take turns selecting terms from the board. - For each term selected, participants must provide the definition or fill in the blank challenge. --- ## Slide Presentation: Jeopardy Game ### Slide 1: Title Slide **Title:** Accounting Vocabulary Jeopardy **Subtitle:** Review for Upcoming Quiz **Image/Graphic:** Accounting-themed graphic (e.g., calculator, financial statement) ### Slide 2: Instructions - Each player will take turns selecting a category and point value. - The host will read the corresponding term or definition. - Players must respond with the correct definition or answer in the form of a question (e.g., "What is an invoice?"). - Earn points for correct answers. The player with the most points at the end wins! --- ### Slide 3: Game Board | **Categories** | **100** | **200** | **300** | **400** | **500** | |:----------------:|:---------:|:---------:|:---------:|:---------:|:---------:| | **Financial Statements** | 1. **Invoice** | 2. **Income Statement** | 3. **Balance Sheet** | 4. **Cash Flow Analysis Statement** | 5. **Chart of Accounts** | | **Capital Types** | 6. **Equity Capital** | 7. **Debt Capital** | 8. **Fixed Assets** | 9. **Liquid Assets** | 10. **Illiquid Assets** | | **Financial Metrics** | 11. **Financial Ratios** | 12. **Return on Investment** | 13. **Return on Equity** | 14. **Accounts Receivable** | 15. **Cash** | | **Credit Concepts** | 16. **Line of Credit** | 17. **Collateral** | 18. **Factoring** | 19. **Cash** | 20. **Accounts Receivable** | | **Other Terms** | 21. **(Free Space)** | 22. **(Free Space)** | 23. **(Free Space)** | 24. **(Free Space)** | 25. **(Free Space)** | --- ### Slide 4: Sample Terms and Definitions **Category: Financial Statements** - **Invoice** *Definition:* A document requesting payment for goods or services provided. - **Balance Sheet** *Definition:* A financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time. - **Equity Capital** *Definition:* Funds raised by a company in exchange for ownership interest in the firm. - **Debt Capital** *Definition:* Funds borrowed by a company that must be repaid over time with interest. - **Income Statement** *Definition:* A financial statement that shows a company’s revenues and expenses during a specific period. --- ## Additional Slides - Following the pattern in Slide 4, additional slides will include terms and definitions for all the vocabulary words provided in the list. ### Game Wrap-Up Slide - Thank the participants for playing. - Announce the winner. - Provide final tips for studying vocabulary for the quiz. --- ### Note: Ensure that all terms and definitions are consistent and clear. Add visuals throughout the slides to engage participants. The game should foster a collaborative study environment while reinforcing understanding of key accounting concepts. ### Submission: Save the presentation as a PowerPoint or PDF file and submit it as instructed. --- This structure will provide a comprehensive and interactive approach for the students to study their accounting vocabulary effectively.