In this management accounting simulation, students manage the operations and finances of a large chocolate and confectionery company. Working in teams, students need to determine their roles within the company, analyse internal and external data, and determine their financial strategy with the ultimate aim of increasing revenues and reducing costs and overheads.
The simulation provides exposure to strategic performance improvement techniques such as ‘Direct Product Profitability Analysis’ and ‘Direct Customer Profitability Analysis’, ‘Value analysis’ (of Porter) and alternatives to budgeting etc.
Strategic performance indicators such as ROI, RI and EVA are presented to students by the system after each round (year), and can calculate those themselves using their company’s data.
Played over a number of rounds, each round is equal to one year of operations. Using unexpected events (news items / curveballs) such as “A fraud within your invoicing process occurred”, students learn how to critically evaluate quantitative and qualitative data and find relevant issues which occur in strategic management accounting.
The chocolate firm simulation can be assessed in a variety of ways. Below are the options that are used most frequently:
Register for exclusive offers, industry and new product updates, as well as our tips for great e-learning experiences for your students.