Business Simulation I

Taking into account the objectives of the curricular unit, it is interesting to use active, collaborative learning, involving the student in practical activities, integrating a group, responsible for the management and accounting of a company, promoting social skills and allowing the development of skills acquired through throughout your academic career.

More specifically, students are organized into groups of three or four members, with each group responsible for managing and accounting a virtual company, in a business simulation environment.

Companies will begin their activity in November of the current year, so that at the end of the financial year, students will have the opportunity to carry out all procedures related to preparing the end of the year.

In the course of their activity, companies will generate and receive documents that will be organized, classified and entered into an integrated management computer system. Along with day-to-day management, students will be faced with accounting and tax challenges, so that they can apply in practice the theoretical knowledge acquired in other curricular units such as knowledge of financial accounting, corporate accounting, taxation, commercial law , labor law, among others.

At the end of the semester, students should be able to:

• Know the procedures and procedures required to set up companies;

• Know the methods of organizing accounting documents;

• Carry out accounting classification in a commercial documentation environment that is very close to reality;

• Know the integrated management software (ERP) in order to allow the articulation and coherence of data between the different software modules;

• Understand the procedures and stages of closing accounts and the operations that underlie them;

• Know how to interpret and analyze the various accounting documents: account statements, journals, ledger balances, analytical balance sheets, balance sheet and income statement.

Classes will take place in computer rooms, where each group will have access to computers and respective integrated management software. From the input of data, documents for external and internal use will be produced, and demonstrations and analysis maps will be obtained. This work will result in outputs, generated by the different software modules, which will be organized and archived in a dossier.

The teacher, in addition to providing a brief approach to the most relevant concepts within the scope of the tasks to be performed, namely in the areas of Accounting, Taxation, Labor Law, Corporate Law and Management, will combine theoretical explanations of the architecture of an integrated management computer program with practical exemplification in the software chosen to support the Business Simulation I classes.

• Raise students’ awareness of the relevance of using information technologies in conducting business management;

• Use and understand a type of software that allows you to produce documents for internal and external use as well as prepare control and analysis maps and financial statements;

• Promote teamwork;

• Provide students with useful and essential tools for simulating a business environment.

At the end of the semester, students should be able to:

• Know the procedures for setting up companies;

• Know the methods of organizing accounting documents;

• Perform accounting classification in a commercial documentation environment very close to the real thing;

• Know integrated management software (ERP) in order to allow data articulation and coherence between the different software modules;

• Understand the procedures and phases of closing accounts;

• Know how to interpret and analyze the various accounting documents.

1.Objectives of Business Simulation

2. Presentation of the computer program

3.Creation of a business activity and preparation of the business plan

4.Simulation of situations that allow the recording of accounting operations and compliance with legal obligations over the last two months of the financial year

5. Preparation of financial statements of an accounting nature