GoVenture Accounting simulation enables you to gain practical accounting skills while running a virtual business. More than learning basic bookkeeping, GoVenture Accounting puts you in the role of a business owner where you can directly experience the impact and importance of accounting in a business.
Practice makes perfect!
Knowing the mechanics of accounting does not necessarily mean one has a strong understanding of accounting as a fundamental foundation of business and finance.
With GoVenture Accounting you learn by doing. Every transaction is entered in the context of a real business situation — a business that you operate for days, months, or years.
How it works
GoVenture Accounting is a modified version of GoVenture Micro Business with an enhanced accounting module that allows you to make accounting entries manually.
The manual accounting features of GoVenture Accounting can be turned ON or OFF. When turned OFF, all accounting entries are made automatically by the computer (as they normally are with GoVenture Micro Business).
When turned ON, you have to make each accounting entry manually, at the moment a financial transaction occurs while running your virtual business.
Accounting entry window
The simulation will not proceed until you make the correct entry. If you get stuck, you have two options:
View Hint
Basic information is displayed to help you better understand the current transaction.
Show Answer
The answer will be provided for you.
In order to minimize use of the above options, the number of times they are accessed is tracked and displayed in the simulation Performance Report.
This allows an instructor/facilitator to determine if the learner is doing the transactions correctly on his own and making positive progress as the simulation continues.
Financial Reports, such as Balance Sheet, Income Statement, General Ledgers, General Journal, and several others, are created automatically by the simulation, based upon the accounting entries posted. Instructors/Facilitators can assign additional learning activities external to the simulation using spreadsheets and other approaches.
Simulation Details
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 ideal for youth and adults in self-directed or facilitated learning environments. It is also the perfect complement to any business course or curriculum - see below for what's included.
Plus, run an entire session of GoVenture Accounting within minutes, or over an extended period of time. Compete against others. Use a single computer, or play on multiple computers — over a local network or the Internet.
With over 180 activities, topics, and outcomes covered, GoVenture Accounting makes it quick and easy to deliver curriculum-matched outcomes in a way that is problem-based, cross-curriculum, thematic, and holistic.