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This paper presents the results of a simulation exercise included in the intermediate financial accounting course and discusses its impact on college-level students. The objectives of this study are to assess the impact of using a simulation exercise to improve students’ mastery of cash flow reports, as well as to assess their ability to synthesize data and draw conclusions about the liquidity and solvency of a company. Students who were required to perform analysis prior to taking the exam did better overall on generating a cash flow statement as well as evaluating both the liquidity and solvency of a company.


Originally published:

Rich, Anne and Karen Cascini. "The Impact of a Simulation Exercise in the Intermediate Financial Accounting Course." The Journal of College Teaching and Learning 3.1 (2006): 77-90.

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