Immerse Students in a Real-world Accounting Cycle
The Stukent Accounting Simternship goes beyond your average business simulation, allowing your students to apply the concepts you’re teaching them in a real-world setting. The Simternship asks students to make journal entries and prepare financial reports, helping them learn to account for business decisions and build the skills they will need for success.
A Simternship helps your students gain experience, master marketable skills, increase their knowledge retention, and yes, even make mistakes in a low-risk environment. It’s a powerful experience that cements learning for a lifetime.
The Stukent Accounting Simternship contains 12 engaging, true-to-life rounds. Each round presents its own unique lessons and challenges, allowing your students to practice these key objectives:
- Understand the scenario.
- Analyze transactions and determine how they impact the accounting equation.
- Record the effects of transactions using journal entries.
- Analyze transactions and make adjusting entries at month-end.
- Prepare an income statement.
- Complete the closing process in the accounting cycle.
- Use the financial reports to evaluate performance.
In this Simternship, your students will navigate the following scenario:
You are trying to save money to pay for college! Rather than spend time selling pest control or security systems or used cars, you decide to take a more adventurous route. You travel to Hawaii to start a business!
You want time on the beach, a relaxing atmosphere, and to make some money to help pay for your education. And hey, if things go well with the business, you might stick with the business and grow it into a profitable, long-term, lifestyle business.
The business involves selling sunglasses and suntan lotion and renting paddle boards and body boards on Kaanapali Beach in Maui. If things go well with your first location, you should be able to expand your locations — we will see.
During this scenario, your students will have a business partner and mentor who advises them, makes decisions, and allows the student to make a limited number of business decisions as well. The emphasis and grading of the simulation are based on how students account for those decisions via journal entries, prepare financial reports, and ultimately make a presentation to the bank for additional funding.
Engaging Storyline
The Accounting Simternship places your students in an engaging, realistic scenario to help them understand the principles of the accounting cycle. In this simulation, your students will play the role of a new entrepreneur who must account for their business decisions and transactions.
Throughout the simulation, students will perform job-related tasks that coincide with the storyline and help them understand the learning objectives.
Journal Entries
- The Quickbooks-like environment mimics industry tools.
- Students will analyze transactions and determine how those transactions impact the accounting equation.
- The immersive user interface helps students build experience with an ERP-like platform.
Easy Setup & Grading
- The Simternship is fully digital and guides students through each activity.
- All simulation activities are auto-graded.
- Stukent customer success managers provide instructors with robust support for course set up, LMS integration, and more.
Round by Round
Rounds 1 & 2
Pre-revenue Transactions
Round 3
Account Transactions – Week 1 & 2
Round 4
Account Transactions – Week 3 & 4
Round 5
End of Month 1 Adjustments
Round 6
Account Transactions – Month 2
Round 7
End of Month 2 Adjustments
Round 8
Account Transactions – Month 3
Round 9
End of Month 3 Adjustments
Round 10
Prepare Income Statement &
Trial Balance
Round 11
Evaluate Financial Reports
Round 12
Pitch to the Bank
Expand Your Definition of Courseware
Robust Support for Educators and Students
Stukent Support Team
A 96% customer service satisfaction rating.
Help When You Need It Most
The Stukent Support Team makes it easy to use Stukent’s materials in your classroom. Educators and students using our materials can contact the Support Team for assistance with our Simternships and courseware.
Hands-on Learning without the Hassle
Stukent Simternships integrate with your favorite LMS platforms
Single Sign-on
Grade Book Syncing
Deep Linking
Rostering
