Develop a clear understanding of strategic-level Management Accounting
Get ready for the unpredictable future
My Chocolate Factory
In this management accounting simulation, players manage the operations and finances of a large chocolate confectionery company. Working in teams, roles should be clearly determined. Financial strategy should be formulated with the ultimate aim of increasing revenues and reducing costs and overheads. The simulation introduces techniques like Direct Product Profitability Analysis, Direct Customer Profitability Analysis, Porter’s Value Analysis, as well as budgeting techniques. Strategic performance metrics such as ROI, RI, and EVA are provided after each round, same can be calculated by teams using company data. Each round represents a year, and unexpected events challenge participants to critically assess both quantitative and qualitative information relevant to strategic management accounting.
What You will Practice in this business simulation
This business simulation will cover the following areas:
Understand how departments and functions interact and how decisions affect one another
Apply theoretical principles and accounting models to their decision-making processes
Understand and evaluate the financial consequences of decisions
Design and improve operational processes by taking decisions on behalf of all departments
Develop strong analytical skills, analyzing the effectiveness of inventories, financials, raw materials, cost prices, suppliers, production costs, and stock overviews
Learn performance improvement techniques and apply them in real-life scenarios
Evaluate business financial statements and results
Click to know more about this interactive AI-based simulation module
We enable businesses, professionals, and practitioners to experience and manage real business scenarios in a risk-free environment.
Interactive AI-Enabled Business Simulation Software
The simulation software uses embedded algorithms to amend scenarios based on difficulty level. In addition, AI chat serves as a supplementary resource for participants to receive a truly personalized learning experience.
Integrated Knowledge Base
The knowledge base provides users with access to a variety of materials presented in various formats; this includes training videos, articles, frameworks and other materials focused on content-related topics. These resources are designed to introduce users to new concepts and offer guidance throughout the simulation.
Supporting Charts / Graphs, Instant Messages & Videos
Mohakat business simulations are fully loaded with various business frameworks, models, charts, graphs, ready market analysis tools and templates. This enables participants to perform macro and micro analysis at country, industry, market, and business level.
Teamwork, Competition and Fun
Participants get the chance to work in diverse teams, improving problem-solving and decision-making. This enhances morale, communication, and trust, while easing stress and workloads. Competing teams create a fun and rewarding experience.
Decision Making
It’s all about business decisions. Mohakat simulations enable participants to overcome organizational silos and make decisions in various functional areas such as Strategy, Operations, R&D, Marketing, HR, and Finance to connect the entire organization with a single source of truth and purpose.
Financial Reports
After each round of operation, the impact of decisions made are reflected in the financial reports. This includes Balance sheet, Income statement, P&L statement with insightful messages and reminders.
Performance & Results
The system has auto evaluation based on simulation module specific KPIs. Participants can check their performance at the end of each round and take necessary actions accordingly.
