Two simulations on one foundation. Teach statement preparation and certification with Flexee FA. Add acquisition analysis and capital structure with Flexee FA+. Same NovaVolt Industries, same operational engine, two depths of financial accounting practice.
Student teams run NovaVolt Industries. Each period they make six categories of operational decisions, the engine produces GAAP financial statements, and two officers certify them under simulated Sarbanes-Oxley Section 302. Rival teams read the certified books.
Everything in FA, plus the Strategic Review phase. Teams analyze rival books, value targets with DCF, submit acquisition bids with structured reasoning, and manage capital structure after the deal. Operate the company, then compete for it.
Students run NovaVolt Industries, a residential power management manufacturer selling the Home Power Monitor and the Smart Battery Controller across three regional markets. Six suppliers from China, the USA, Germany, Vietnam, Mexico, and India compete for the procurement allocation. Regional excise duties, seasonality, and elasticity move with every decision.
Faculty schedule the themes. Baseline Operations sets the engine. Service Level Pressure puts retail partners in play. Supply Disruption tests whether teams built redundancy during calm periods. Tax Optimization opens the postponed production mechanic. Competitive Pricing forces margin-versus-volume calls. And — in FA+ — Strategic Review opens the Rivals Board and the acquisition window.
Every period the engine produces a GAAP-compliant set of statements from the team's decisions. Two officers certify. The balance sheet balances. The books go public. And rivals start reading.
Both products share the same NovaVolt simulation, the same operational engine, and the same certification workflow. FA+ adds the Strategic Review phase — acquisition analysis, bid submission, and capital structure decisions.
Six categories of operational decisions drive the financial statements. Every choice flows through to revenue, COGS, working capital, or the notes — where students see the accounting consequences of their own inputs. Same in both FA and FA+.
Six forecasts — two products across three regional markets. Price elasticity applies against base prices. A poor forecast creates stockout penalties on one side and inventory pileup on the other.
Elasticity-driven demandProduction volumes by product, shift count from one to three. Second shift at 1.15× cost, third shift at 1.5×. The overtime multiplier lands directly in COGS labor.
Capacity = shifts × 250KSix suppliers across China, the USA, Germany, Vietnam, Mexico, and India. Cost ranges from $110 to $195. Lead times from zero to 45 days. Defect rates from 0.5% to 3.0%. Primary plus secondary plus allocation.
TCO sourcingRegional pricing for both products. Marketing budget as a percentage of revenue, allocated across four customer segments. Returns flow to revenue as a contra account. Rebates roll through the notes.
Revenue managementInspection level sets defect catch rate and warranty claim downstream. Logistics mode trades freight cost against service reliability. Fall below 92% perfect-order and the SLA penalty hits OpEx.
Service-level economicsCentral manufacturing, regional final assembly. Postponed production reduces excise duty exposure by 60% on postponed volume in R2 and R3 — but work-in-progress inventory inflates the balance sheet. An accounting election, not just an operational one.
Jurisdictional accountingThe mechanics that separate Flexee Financial Accounting from case studies, Excel exercises, and every other business simulation — because none of them put the student's name on the line.
Three statements per period: Income Statement, Balance Sheet, Statement of Cash Flows. Indirect method cash flow reconciling from net income through working capital changes. The balance sheet balances within tolerance — and our roadmap closes the remaining gap.
Significant Accounting Policies, Revenue Disaggregation, Inventories, PP&E, Debt and Credit Facility, Commitments and Contingencies, Subsequent Events. Students elect LIFO or FIFO. They set useful lives for each asset class. They choose warranty rates, lease classifications, capitalization thresholds. The elections drive the engine, not the other way around.
CEO and CFO names enter the certification panel. Both must confirm. Both get timestamped and audit-logged. Once certified, the statements hard-lock. A facilitator override creates a new revision with a reason — it never edits in place.
Certified statements become visible to competing teams. Side-by-side income, balance sheet, and cash flow comparisons. Teams read each other's books the way real analysts read 10-Qs — looking through the notes for the story the top line hides.
During Strategic Review, each team gets a private workspace to draft analytical theses on potential targets. Four structured sections: weakness signals, hidden value, accounting election analysis, and valuation method. The workspace persists between periods. The reasoning gets graded.
Teams submit bids at the final Strategic Review period: target firm, bid amount, financing method, and the four reasoning sections. Proximity to intrinsic value is scored mechanically. Reasoning quality is graded by faculty. The composite score reflects both judgment and execution.
Each company gets a full multi-period DCF baseline — historical trend extrapolation, faculty-configurable WACC, Gordon growth terminal value. Faculty can adjust the baseline with documented reasoning. Bids are scored against this ground truth, not against rival bids.
Teams choose debt, equity, or cash to finance the acquisition. The choice modifies the opening balance sheet of the post-bid period. Subsequent periods run normally — but interest coverage, leverage ratios, and cash position now reflect the financing decision. Capital structure scoring continues until simulation end.
Faculty-configurable number of periods. Faculty-configurable team count. Works for financial accounting, intermediate accounting, corporate finance, and MBA core finance courses. The fourth step — Compete — runs only when Strategic Review is on the schedule, which is FA+.
Each team enters six categories of decisions for the period — demand, production, sourcing, pricing, quality, logistics, and tax.
Engine runs. GAAP statements and seven notes generate automatically from the decisions and the team's accounting elections.
CEO and CFO enter their names, confirm the certification language, and sign. Statements lock. The audit log records everything.
Rivals Board updates with certified statements. In Strategic Review, acquisition analysis opens. Final period: who bid on whom, how much, and how well they justified it.
Sales, implementation, and training for Flexee Financial Accounting. Chuck helps faculty pick between FA and FA+, map the simulation to course objectives, and structure the debrief around the certification workflow and — for FA+ — the acquisition analysis.
Book a thirty-minute walkthrough. We'll show you the certification workflow, walk through a period of NovaVolt, and help you choose between FA and FA+ for your syllabus.