Blue Wave Fishing Supplies will help students gain an overall understanding of how accounting information is recorded in journals and transferred between journals, ledgers and sub-ledgers and inventory records, and then used in financial statement preparation to help managers in making decisions for the future.Blue Wave Fishing Supplies reinforces a Procedural approach to the subject. The practice set takes the student through a one month accounting cycle and the student fills the role of the accountant for the Proprietorship. The set takes 6-10 hours to complete and includes all source documents such as invoices, cheques, sales receipts, etc. The student processes the transactions, completes the worksheets, journal entries, special journals, prepares a trial balance and the financial statements for the first quarter. This is a manual practice set that can be converted to a computerized set through the instructions provided for Simply Accounting.