Bree MONOPOLY Introductory Accounting Assignment |worth 25% of your final mark Overview in small groups (you have been randomly assigned, you are going to play a game of Monopoly. Each group of 5 or 6...

Bree MONOPOLY Introductory Accounting Assignment |worth 25% of your final mark Overview in small groups (you have been randomly assigned, you are going to play a game of Monopoly. Each group of 5 or 6 will play another group of S or 6 lone game will have three groups] each roll represents a financial transaction far your real estate development company. After each roll, record the details of your transactions as you will need to create an income statement/statement of earnings and balance sheet/statement of financial position and cash flow statement for your assignment, complete with financial statement notes. In addition, your group will need to prepare a simplified annual report for your company that includes your report to shareholders and a management di Details on formatting are found in Appendix A. Objective: By the end of this assignment, students will be able to: . Record financial transactions that will form part of their financial statements 2. Prepare simple financial statements with notes to the financial statements Prepare a small annual report 3. Instructions this is a group assignment, Groups must keep a very detailed record of all of their transactions in order to complete the assignment and all members are expected to be in attendance and to actively- participate. Groups are also expected to take notes on their 'enmpetition in order to property prepare their MO&A. The financial transactions' will take place in class on Moray January 29th and Wednesday larvuary 31 depend on which groups are playing on each night There will be multiple Monopoly Hoards in play. Groups will be randomly assigned to a playing time and a board Complete sets of the Grey properties, Green properties or Dredge properties will be randomly assigned to a student for each board utility companies may not be purchased Isere play instructions below " Railroads may not be purchased (see play instruct A other properties are available for ask: . There is no requirement to go around the board before buying property and you may place s and houses on your properties at ray point during one of your tums. You MUST make at least one purchase during your 13 rounds. Hotel monopoly Loans from the bank may be available at the discretion of the instructor and carry a single and house pricing following standard interest rate of 5%