The FEFE Game is a free mobile digital game to support the development of introductory accounting and finance skills for business which can be played on iPhones and Android phones. The game can be downloaded from the App Store and from Google Play.
The benefits of using the FEFE Game:
- Provides an engaging and fun way to support learning accounting
- Builds confidence in the form, content and terminology of financial statements
- Develops broader business, commercial, ethical and risk awareness
- Students receive immediate formative feedback
- Has an optional bookkeeping mode and so is equally relevant for courses which require students to complete the debits and credits and those which do not
The Game Process
The FEFE Game puts the student in the role of the owner-manager of a retail start-up business who runs their business over a series of ‘simulated months’ by responding to events, making business decisions, interpreting financial information and completing timed multiple choice quizzes.
Once the user has successfully proved their accounting and finance literacy, they progress to the next Game Level and unlock new business features, new financial data and new challenges.
The FEFE Game Levels
|Game Level||Business Structure||Annual Financial Target for Business||Accounting and Finance Topics|
|Sole Trader||Positive Cash at Year-End||Cash transactions; drawings; statement of profit or loss; statement of financial position; accounting terminology; presentation of financial statements|
|Sole Trader||Revenue of V$3.6m||Tangible non-current assets and depreciation; accounting policies|
|Sole Trader||Profit of V$0.75m||Credit transactions; accruals and prepayments; sources of rules,accounting concepts and conventions; financial ratio definitions; basic accounting measurements and treatments under IFRS|
|Limited Company||Return on Capital Employed of 20%||Statement of cash flows; share issues; dividends; intangible assets and amortisation; bad debts; provisions; capitalise and expense decisions; ratio interpretation; advanced accounting measurements and treatments under IFRS; the IFRS framework|