The Management Accounting Simulation: Principles Version adds a new dimension to the
teaching of basic principles of Management Accounting. Students now have an
opportunity to actively practice using management accounting tools in a simulated dynamic
competitive market enviroment. Rather than passively learn the theory underlying
management accounting, students can practice using management accccounting tools such
as budgeting, cost-volume-profit analysis, ratio analysis, incremental analysis, capital budgeting
incremental analysis, capital budgting, and inventory EOQ.
Students are assigned to teams and each team respresents the management of a specific
firm. The students as management find thmemselves making marketing, production, and
financial decisions. Also, students must pay close attention to the decisiions of other firms
which are trying to take away market share.