Analyzing Simulations with Computer-Based Programs and Applying the Experience to a Real-World Business

Authors

  • Denise R. Markovich

Abstract

This paper describes and evaluates changes in the capstone course in finance. In response to AASCB recommendations, the course was redesigned to give students both a simulated and real-world experience in financial analysis. Students were first organized into teams for a total enterprise simulation, Fingame, and required to evaluate decisions using fIsCAL, a financial software program. Following the simulation, students participated in a Small Business Development Center (SBDC) program in which they served as consultants to SBDC real-world clients. The two course components were linked by fisCAL, which was also used to analyze SBDC clients financial statements. Evaluations by students, SBDC personnel and clients indicated the learning experience and the outcomes of the course were much better than expected.

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Published

1995-03-06