Simcountry is a multiplayer Internet game in which you are the president, commander in chief, and industrial leader. You have to make the tough decisions about cutting or raising taxes, how to allocate the federal budget, what kind of infrastructure you want, etc..
  Enter the Game

Accrual Based Accounting

Topics: Help: Accrual Based Accounting

Drew

Thursday, September 13, 2012 - 08:03 pm Click here to edit this post
Does this game use when determing the price of materials? The numbers I see don't seem to support materials being an expense at the moment they are purchased. I would like to know because without knowing it is very difficult to understand the effects of my actions in regards to supply.

Drew

Friday, September 14, 2012 - 08:27 am Click here to edit this post
I guess its short and far in between to find an accountant play online video games. Not saying other people wouldn't know, but I definition might help.

Accrual based accounting doesn't register revenue or expenses at the time they are purchased but instead the time they are earned or expensified. So the question really is If I bought like 100% of one material at 200 stocked for 10 months, then I changed it and bought 1 month a month later at 120. The distribution would be 90% at 200 and 10% at 120~ 192 quality. The game will register I paid 120 price last, I think it does use it. Which would mean I'd probably pay on my balance sheet for quality 192. As buying materials don't automatically put you in the red. But I want too make sure. Also I would be curious if it does use accural based accounting does it use LIFO or an average inventory, or does it simply average your inventory making me have 100% of materials be 192 instead of some one level and some another.

Well I successfully tried to make a question simplier and muckied it up with added complexity GO ME!

Madoff

Friday, September 14, 2012 - 04:54 pm Click here to edit this post
It's incorrect to regard Simcountry as a video game. It's a browser game.

Your composition skills need serious work, and try using spell check.

Supplies are expensed during the month of their use.

Drew

Friday, September 14, 2012 - 09:10 pm Click here to edit this post
Video Game=any of various games played using a microcomputer with a keyboard and often joysticks to manipulate changes or respond to the action or questions on the screen.

The term video game can be used to represent the totality of these formats, or it can refer more specifically only to games played on devices with video displays: television and arcade consoles

Video Game is completely general, and emcompasses browser games which is more specific. Spell check would have caught 2 things, expensified isn't a word (i don't think) and I began a sentence with a conjunction. This was done so it was easier to understand and to get to the root of my question. SOOOOO.... stop being a dousche!

Madoff

Friday, September 14, 2012 - 10:08 pm Click here to edit this post
You average about one spelling mistake per sentence. That's especially grueling since you write a treatise to try to say anything.

Logic isn't your strength either.

Since I enjoy reading good writing, I usually skip your posts. I'll be more consistent at that.

Crafty

Saturday, September 15, 2012 - 12:44 am Click here to edit this post
Supplies are paid for immediately from cash float.
The total stock quality is a weighted average.
The monthly cost for material used is the unit price at that averaged quality muliplied by number of units consumed.

N'est pas?


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