Fiscal Feast: Restaurant Accounting

In this lab, students step into the role of junior accountants for Flavor Frenzy, a restaurant chain. They'll analyze income statements, consolidate financial data, and calculate taxes, gaining practical financial analysis skills.

Objectives:

1. Develop financial analysis skills through individual and consolidated restaurant analysis.
2. Understand corporate tax calculations and the progressive tax structure.
3. Apply theoretical knowledge to practical, real-world scenarios.

The lab provides a hands-on experience, preparing students for real-world financial challenges. Adapt as needed for your classroom.