The Introduction to Accounting and Finance - Bikes simulation familiarizes your students with the basics of accounting in the context of a fully functioning enterprise. The simulation is highly integrated and provides an ideal platform from which you can discuss and illustrate the fundamentals of accounting.
Storyline
In the Introduction to Accounting and Finance - Bikes simulation, your students are provided with the seed capital to start up their new business. They have limited financial resources and complete accounting responsibility. They build a factory, open up distribution channels, select a product portfolio and advertising budget. They hire workers and decide on the compensation packages, deal with demand projections and the basic concepts of production scheduling. After several quarters in business, your students’ firms can receive additional funding from the Venture Capitalists. They can invest this money in new R&D, bring out improved products, expand their distribution and production capacity in order to maximize their business performance.
Company: Marketplace Simulations
Approximate price: Unknown
Playtime: 3-6 hours
Learning objectives: Students will work within a multifunctional business setting where they experience the challenges of resource allocation, activity-based costing, pro forma accounting, profitability analysis, and financial ratios analysis. The decision content includes:
Finance and Accounting
Basic Marketing
Distribution
Human Resources
Basic Manufacturing
Link to simulation home page: https://www.marketplace-simulation.com/introduction-to-accounting-and-finance-bikes