GoVenture Accounting

GoVenture Accounting simulation enables your student to gain practical accounting skills while running a virtual business. More than learning basic bookkeeping, GoVenture Accounting puts students in the role of a business owner where they 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 students 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, students have to make each accounting entry manually, at the moment a financial transaction occurs while running their own virtual business.

Accounting entry window

The simulation will not proceed until students make the correct entry. If they get stuck, they are given two options:

1. View Hint

Basic information is displayed to help them better understand the current transaction.

2. Show Answer

The answer will be provided for them.

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 you the  instructor/facilitator to determine if the learner is doing the independent transactions correctly 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 students to the experience of running their own micro business and practicing accounting. It’s the perfect first step for students 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 students in the role of owner of a mobile business cart, where they 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 students to gain years of experience in minutes; managing all the key aspects of their own virtual business — pricing products, buying inventory, advertising, reviewing financial statements, hiring employees, managing schedules, practising accounting, and more. Students monitor their success by evaluating profitability, market share, and customer satisfaction.

Students are able to use their business skills on their own, against  friends and classmates, or compete with the computerized businesses in the simulation; gaining practical experience and developing the confidence to build, explore and run their own small business!

Every new simulation 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.

An entire session of GoVenture Accounting can be run within minutes, or over an extended period of time.

1-minute video demo 

Hardware Requirements: Window – XP, VISTA, 7 Mac – all versions of OS-X including Lion

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