Accountability Software

Financial literacy has become an important skill for all adults to have in our ever evolving world, yet so many high school students are graduating without the financial knowledge to succeed.

In 2010 a working group was put together by the Ontario Ministry of Education to research financial literacy in Ontario schools. They came up with a vision for financial literacy for students:

“Ontario students will have the skills and knowledge to take responsibility for managing personal financial well-being with confidence, competence, and a compassionate awareness of the world around them.” ^{[ 1 ]}

Financial literacy has been further defined as “having the knowledge and skills needed to make responsible economic and financial decisions with competence and confidence.” ^{[ 2 ]}

Arcuere has created Accountability Software, a simulation based software that engages students so that they can learn financial theories and concepts in a fun self-learning based manner.

Developed for students in Grades 9 through 12, this simulation software starts with a first job scenario teaching the basics of paying rent for a first apartment and day-to-day expenses.

Each grade is the equivalent of 4 years of life so as the student passes each grade the complexity of the game increases, matching the course curriculum of each grade. By Grade 12 students will have had many opportunities to experience financial decisions such as leasing versus purchasing a vehicle,

obtaining and paying down a mortgage, saving for emergencies, job changes, how to invest savings, etc.

Teachers are able to create their own exercises, tests and quizzes for assessment purposes. These can be shared with other teachers.

Students are motivated by quiz scores giving them “bonuses” which they can use in the game.

Arcuere believes that a fun simulation will assist students in better understanding financial terms, theories, and concepts. This software has been developed to support the current curriculum and the Province of Ontario’s goals of a financially well-educated population.