Accountancy - Blog Posts

Accounting on Ice

Thirsty for more action-packed accounting shenanigans? Bring your hockey gear to Accounting On Ice, a fantasized ice sports complex celebrating accounting concepts.

Accounting On Ice has three rinks, each with a different theme:

The Balance Sheet Rink is divided into two halves, representing the assets and liabilities sides of a balance sheet. The assets side is blue, and the liabilities side is red.

The Income Statement Rink is divided into four sections, representing the revenue, expenses, gains and losses sections of an income statement. The revenue section is green, the expenses section is yellow, the gains section is blue, and the losses section is orange.

The Statement of Cash Flows Rink is divided into three sections, representing the operating, investing, and financing activities sections of a statement of cash flows. The operating activities section is orange, the investing activities section is brown, and the financing activities section is gray.

Each rink is decorated with icons of different types of accounting items in the rink (e.g. types of assets and liabilities in the case of the Balance Sheet Rink).

Equipment:

Hockey sticks are styled as mouse pointers and USB dongles.

Pucks come with monetary symbols.

Tournaments:

The scoreboard shows the balance sheet of the complex.

Players wear jerseys with the names of different accounting terms.

Players are to skate around the rinks and score goals in the correct section.

The complex hosts tournaments with names like the "FIFO vs. LIFO Cup" and the "Going Concern vs. Liquidation Challenge."

There is a "Tax Time" skating party, where skaters dress up as accountants and compete in a tax-themed relay race.

Other amenities in the complex:

A ticket office named "Ledger"

A concession stand named "Audit" that offers snacks with names like "Debit Donuts" and "Credit Crunch"

A "Hall of Fame" that recognizes people who have made significant contributions to the field of accounting, categorizing them as "athletes," "builders" or "officials" for metaphorical comparison

A museum named "Rule of 72" that exhibits different artifacts from the history of accounting

A library named "Equity" with books and articles about accounting and with accounting formulae quoted like sayings on its walls

A computer lab named "Common Perennial Aches" with accounting software

A conference room named "T-account" for hosting accounting classes, workshops and seminars

A gift shop named "Trial Balance" that sells accounting-themed merchandise

The complex is open to the public and offers a variety of programs and services for people of all ages and skill levels in accounting and ice sports.

All in all, Accounting On Ice is a fabulous place to learn about accounting in an entertaining and interactive manner, to practice your skills, or to just have some fun on the ice. What are Big Four spectators waiting for? Get your bean counters to work on the bidding prices. You know the rule: No peeking at the human editor's estimated sales value.