What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
A pilot and flight instructor were performing a suimulated power failure at takeoff in a Cirrus SR-22. The procedure was discussed prior to the flight. After rotation the flight instructor reduced power to simulate a power failure. At that time the flap seeting was at 50% (takeoff setting). The correct procedure was to lower flaps to 100% and use remaining runway for landing. The pilot incorrectly raised flaps resulting in a rapid sink of the aircraft and a hard landing on the runway.
As the FAA filed it
A PILOT AND FLIGHT INSTRUCTOR WERE PERFORMING A SUIMULATED POWER FAILURE AT TAKEOFF IN A CIRRUS SR-22. THE PROCEDURE WAS DISCUSSED PRIOR TO THE FLIGHT. AFTER ROTATION THE FLIGHT INSTRUCTOR REDUCED POWER TO SIMULATE A POWER FAILURE. AT THAT TIME THE FLAP SEETING WAS AT 50% (TAKEOFF SETTING). THE CORRECT PROCEDURE WAS TO LOWER FLAPS TO 100% AND USE REMAINING RUNWAY FOR LANDING. THE PILOT INCORRECTLY RAISED FLAPS RESULTING IN A RAPID SINK OF THE AIRCRAFT AND A HARD LANDING ON THE RUNWAY.