Final Project on Board Game Narrative: Accounting, Finance, SPSS Essay

Final Project on Board Game Narrative
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Board games help to learn more about accounting, finance, and economic-themed games and business management and negotiation. The board game is known as “Prima Sum.” It involves financing events, with the player having to choose cards with different financing options, paying taxes, generating income, and paying for expenses and assets purchase. There cards with the accounting terms and details of properties where the 2-5 players also need to match the cards with the accounting terms. The game's objective is to understand the nature of business accounting transactions and have enough funds left for any emergency. The player who has accumulated) the highest net income generation will be declared the winners of the game.
Understanding the dynamics of accounting for transactions requires active participation in the Prima Sum game as there is addition, subtraction, negotiation, and playing a few times. Buying an events management company is a long term investment. If a player chooses this option, they are committed to financing operations and providing services to events management customers. On the other hand, one can choose the option of procuring the services of and events Management Company where transactions, along with treasured cash, are recorded to understand the accounting and bookkeeping principles. The players need to familiarize themselves with the accounting equation, business accounting transactions, and terminology to make decisions that maximize profitability, minimize costs, and place them in a position where there are positive cash flows.
In the board game, the players choose cards that allow them to purchase businesses or seek an event management company's services. Based on what they choose, if they invest in a company, they will make investment decisions. Gad (2019) points out that in the game of Monopoly it is important to always keep cash on hand as there is a risk of running out of money if one buys recklessly. This principle is equally important in Prima Sum, as having cash is necessary to meet the obligations and reduce the need to sell when there are difficulties to finance operations.
The players will learn basic personal accounting, investing basics the difference between assets and liabilities, expenses and revenue (income). They will also understand the importance of understanding the financial statement where there is an accurate recording of the transactions and the statements depend on accurate record keeping. Owning assets brings income, but there are also expenses associated with maintaining the assets, and the challenge is to buy and keep liquid assets that are affordable to maintain.
There is an option to sell the business and seek debt financing if there are unplanned negative impact on finance. Buying and investing early in options that are more likely to generate revenue income increases the chances of starting to accumulate more money and to cushion against potential l...