Income Statement Escape Activity
A Group Activity with Lectures

Learning Goals
This activity is designed to help students calculate a merchandising business’s profitability (i.e., create their income statement) while engaging in an escape room experience.
Students will learn to

• Determine what transactions affect revenues, cost of sales, and expenses (and which do not)
• Prepare an income statement for a merchandising company
• Make decisionsn that affect future net income
• Know about a career in Managerial Accounting

Student Level
This activity is recommended to accompany discussion of merchandising businesses. However, it is appropriate for middle school or high school students who have not prior knowledge of accounting or bookkeeping.

Activity Overview
After an introductory lecture about profits and the multi-step income statement, students (in groups of 2-3) will categorize 12 transaction cards into 4 categories. Once categorized, the students will visit a virtual escape room (a Google sheet), and use dollar amounts from the categories to open five virtual locks and escape! Time will depend on the leve of students, but can range from 50 to 100 minutes.

Materials

Activity Materials	Teacher Resources
10 unique Google Sheets (These are the virtual escape rooms) 10 unique sets of Group Materials	Activity Teacher's Guide Solution for 10 groups (password protected) Hints for struggling groups (password protected)
PreActivity PowerPoint Post Activity PowerPoint	PreActivity Notes PostActivity Notes