Marketplace Simulations: Accounting

The Accounting Bundle is suitable for applied accounting courses. It is designed to stretch the advanced student's ability to make informed decisions and inspire lower-level students to take more advanced courses. The microsimulations in this bundle are also available individually.
In the Accounting bundle students discover the relationships behind the numbers. They explore pricing, costs, revenues, profit, and how accounting captures business' activities and keeps the records organized. This bundle consists of four self-contained microlearning exercises: Fundamentals of Accounting, Fundamentals of Pricing, Price Elasticity in Practice, and Profitability. Students uncover an improperly recorded accounting transaction and correct the books once they understand the accounting equation and double entry accounting. They run a pricing survey and build a demand curve to determine the price a new product. They make data-driven price adjustments in response to rising supply costs, using price elasticity. Students also learn how to use profitability analysis to adjust company spending to maximize profit.
Each exercise in the bundle focuses on a single topic and culminates in a practical business challenge. The quick format, bite-sized delivery, and individualized pacing increase student focus, engagement, and knowledge retention. The microsimulations can be used as self-study prior to a class session, such as in a flipped classroom model, or in class to prime a rich discussion.
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