Close the books and certify the statements.
Student teams run a company across multiple periods, apply accounting rules to the transactions their decisions create, and close the books each period. FA+ goes further: teams analyze competitors' financial statements and choose one company to acquire. Available today in manufacturing, with services and data center versions in development. Six AI advisors help teams think each decision through, and the final call stays with the team.
Accounting rules applied to business decisions.
Students learn accounting by recording the results of decisions they made themselves. That shows them what accounting is for: telling the people who read financial statements how a business is doing.
Student teams run a company across multiple periods. They make the business decisions that create transactions, apply the rules that record them, close the books, and read the financial statements that result. Along the way they face the questions accountants face: what to capitalize and what to expense, what to recognize now and what to defer, and what their estimates say about how they see the future.
Every version runs on the same engine and teaching approach. FA Manufacturing is available today. FA Services, built around revenue recognition under ASC 606, and FA Data Centers, built around capital-intensive infrastructure under ASC 250 and 360, are in development. FA+ extends FA: teams analyze competitors' financial statements and choose one company to acquire.
Accounting the way it gets used.
Books built from their own decisions.
Teams make business decisions across multiple periods, apply accounting rules to record what happened, and close the books. The statements they produce are the kind an auditor would examine.
In FA+, read the competitors' books.
FA+ teams see the financial statements of competing companies, each shaped by different accounting choices. Students read them the way an analyst would, asking what those choices reveal about each business, and then choose one company to acquire.
Industry rules that change the work.
Manufacturing centers on inventory costing and cost of goods sold. The services version, in development, centers on ASC 606 revenue recognition, and the data center version on capital allocation under ASC 250 and 360. Each one teaches the standards through decisions that make students think about what the standards are for.
One engine, several industries, two tiers.
The same simulation engine runs in different industries, where the same accounting standards create different challenges. Manufacturing is available today. Services and data centers are in development.
Every period ends with closed books.
Multi-period accounting simulation.
Teams run their companies across multiple accounting periods. Each period they make business decisions, record transactions, prepare adjusting entries, close the books, and produce the financial statements. Faculty set the number of periods to fit the course length.
Read the market's books.
In FA+, teams see the financial statements of competing companies. Different accounting choices produce different pictures, and teams have to see past them to decide which company is worth acquiring.
FA+ ends with an acquisition.
FA+ is the extended version of FA. Teams analyze competitors' financial statements, each built on different accounting choices, work out what those choices hide or reveal, and choose the one company worth most to them to acquire. Programs teaching introductory financial accounting can stay with FA, and faculty who want students to use accounting for a real decision can add FA+.
See if Flexee Financial Accounting fits your accounting curriculum.
FA Manufacturing is in use today in undergraduate financial accounting, MBA accounting concentrations, and CPA-track intermediate courses. Services and data center versions are in development. Talk to Chuck about how Flexee Financial Accounting would fit your program.