Students mimic the accounting and financial reporting processes found in the ?real world? by conducting analytical reviews, soliciting information from clients, preparing adjusting and correcting entries, and drafting financial statements and notes for a fictitious client company (Hydromaint, Inc.). Issues become more complex as Hydromaint?s operations mature. The business begins as a service entity and later develops into a manufacturing and construction enterprise. During this transition, Hydromaint?s operations address all of the technical issues traditionally covered in a two-semester intermediate course. Ultimately, students are able to provide a complete set of financial statements (including the statement of cash flows) and appropriate note disclosures (for all seven years) for the company. The repetitive nature of the accounting and financial reporting process pursued in this approach integrates reinforcement with new learning and mimics the service processes found in the business environment.