Accounting Simulation Software
On this page:
- About the Product
- Product Tour
- Video Demo
- What you need to use the software
- Product and Pricing Options
| About the Product |
GoVenture Accounting simulation is an easy-to-use program that introduces you to the experience of running your own micro business and practicing accounting. It's the perfect first step for younger students or adults who need to start with the basics of running a business. It also offers the opportunity to apply concepts in other subjects such as math, finance, career, or general life skills in a fun business setting.
Like a flight simulator for business, GoVenture Accounting puts you in the role of the owner of a mobile business cart, where you must decide what products to sell and where and when to sell them in order to maximize profits. It’s easy to use, visual, interactive, and exciting!
Unlike any book, course, or seminar, GoVenture Accounting enables you to gain years of experience in minutes! Manage all the key aspects of your own virtual business — price your products, buy inventory, advertise, review financial statements, hire employees, manage schedules, practise accounting, and more. Monitor your success by evaluating profitability, market share, and customer satisfaction.
Try your business skills on your own, against your friends and classmates, or compete with the computerized businesses in the simulation. Gain practical experience so you have the confidence to explore starting and running your own small business!
Play again and again — every new simulation you run is different!
GoVenture Accounting is a modified version of GoVenture Micro Business with an enhanced accounting module that allows you to make accounting entries manually.
Reporting Features
- Several reports are automatically generated by the simulation:
- Daily Summary
- Customer Comments
- Balance Sheet
- Income Statement
- Sales by Product
- Revenue/Expenses by day
- Cash Balance by day
- Customers Served by day
- Customer Satisfaction by day
- Market Share by day
- Startup and Working Capital
- Seed Financing
- General Journal
- General Ledger
- Auto-generated Income Statement and Balance Sheet can be hidden so that instructors can request that students build the financials on their own (outside of the simulation, such as on paper or in a spreadsheet).
- Every transaction made is recorded and displayed in the student's Performance Report.
- Performance Report can be printed or saved to a file.
Accounting Accounts
The following accounts are included in the simulation:
Assets
- Cash
- Inventory
- Property, Plant & Equipment
Liabilities
- Loans
Equity
- Paid-in Capital
Revenue
- Sales
- Cost of Goods
Expenses
- Licenses & Permits
- Insurance
- Interest
- Payroll
- Advertising
- Marketing
- Transportation
- Trailer Rental
- Repairs & Maintenance
- Miscellaneous
Accounting Transactions
The following actions in the simulation require accounting entries to be made:
- Seed Money
- Logo and Signage
- Equipment Purchase
- Cart Purchase
- Move Cart
- Trailer Rental
- Permits
- Insurance
- Loan Payment (Principal and Interest)
- Payroll
- Advertising — Radio
- Advertising — Newspaper
- Advertising — Busker
- Inventory Purchase
- Inventory Write-off
- Sales (Cash, Revenue, Cost of Goods, Inventory)
- Improve Appearance
- Improve Quality
- Maintenance
- Theft
Frequently Asked Questions
Does GoVenture include every aspect of accounting?
No. Including every aspect of accounting would require a much more complex business, making the simulation conceptually too difficult for most students. GoVenture is intended to provide hands-on experience and practice with the fundamental principles of accounting. Once the fundamentals are understood, it is much easier for an instructor to then provide students with additional accounting examples outside of the simulation, or by using the simulated business as a context.
Does a student have to know accounting before they play GoVenture?
It depends. If the manual accounting feature is turned off, then no — a student can dive in and play right away. If the manual accounting feature is turned on, then the student will need a very basic understanding of double-entry accounting prior to playing.
Which product is right for me: GoVenture Micro Business or GoVenture Accounting?
If you would like the ability to make accounting entries manually, then you need GoVenture Accounting. If this feature will never be used, then GoVenture Micro Business may be a less expensive option.
| Tour the Product |
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Market
Products
Schedule
Employees
Advertising
Accounting Entry Window
Open for Business
Performance
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| Watch the Product Video |
Watch the product video for a detailed step-by-step tour (Adobe Flash Format).
| What You Need To Use This Software |
CD-ROM Version
- Windows 95/98/2000/ME/XP/Vista/7/NT4.0
- Macintosh - Online version only (see below)
- At least 32MB of Memory (RAM)
- CD-ROM drive (to install)
- Sound (optional)
- Internet connection (optional)
Online INTERNET Version
- Any Windows or Macintosh computer
- Internet connection
- Sound (optional)
| Choose a Product Option |
The following product licensing and pricing options are available for home/individual use only. Choose an option to continue. For educational, nonprofit, government, and corporate licensing and pricing options, please visit www.goventure.net
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