Simulators

Record transactions and watch assets, liabilities and equity stay in balance.

Used in The accounting equation

Find the side for any increase or decrease in any account type.

Used in Debits and credits

Post entries one at a time and follow each account's balance.

Used in The accounting cycle, Posting to the ledger and T-accounts

Change an accounting treatment and see every statement move.

Used in How the statements connect

Build operating cash flow from profit and balance sheet movements, indirect and direct.

Used in Cash flow statement: the indirect method, Cash flow statement: the direct method

Reconcile opening to closing equity through profit, dividends, share issues and buy-backs.

Used in Closing entries and the post-closing trial balance, The statement of changes in equity and 1 more

Compute liquidity, profitability, efficiency and leverage ratios and read what they say.

Used in Financial statement analysis with ratios, Working capital management and 2 more

Match a bank statement to the cash book, classify differences and reach one adjusted balance.

Used in Bank reconciliations, Balance sheet reconciliation workflows and 1 more

Compare FIFO, periodic weighted average and moving average on your own purchases and sales.

Used in Periodic and perpetual inventory systems, Inventory cost formulas: FIFO and weighted average

Age receivables, apply loss rates and post the allowance adjustment.

Used in Credit losses and the allowance method, Financial services: loans and interest income and 1 more

Build straight-line, reducing-balance and units-of-production schedules side by side.

Used in Recognising property, plant and equipment, Depreciation methods and 2 more

Work out carrying amount, gain or loss, and the disposal entry.

Used in Disposals of property and equipment

Split each payment into interest and principal and see the current portion.

Used in Loans and interest accruals

Measure the lease liability and right-of-use asset and follow them over the term.

Used in Lease accounting for lessees

Allocate a contract price to performance obligations and recognise it over time or at a point in time.

Used in Transaction price and allocation, Over time or at a point in time and 2 more

Compare a single plant-wide rate with activity-based costing.

Used in Activity-based costing

Build job costs with a predetermined overhead rate and find under- or over-applied overhead.

Used in Job-order costing, Manufacturing: work in progress and overhead

Equivalent units, cost per unit, and the split between completed output and work in progress.

Used in Process costing

Move price, costs and volume and watch break-even and profit respond.

Used in Cost-volume-profit analysis, Break-even and target profit

Flex the budget to actual volume and separate volume from price and spending variances.

Used in Variance analysis, Flexible budgets and 1 more

Compare carrying amounts with tax bases and compute deferred tax assets and liabilities.

Used in Deferred tax, Current and deferred tax and 1 more

Combine parent and subsidiary, eliminate the investment and compute goodwill and NCI.

Used in The consolidation worksheet

Eliminate intra-group sales, balances and unrealised profit.

Used in Intercompany eliminations

Split VAT out of prices and compute the net amount payable for a period.

Used in VAT: input and output tax, Taxable, zero-rated and exempt supplies

Evaluate misstatements against materiality and see their effect on the statements.

Used in Materiality, Audit adjustments and deficiencies

Trace a trial balance difference to its cause and correct it.

Used in The unadjusted trial balance, Finding and correcting errors and 1 more