Financial Report Analyst (FRA) is not a generalized GBS tool, but a tool that builds very specific scenarios that are very INDIE-like. In FRA, students are assuming the role of a banker deciding whether or not to give a loan to a business on the basis of its financial statements. Students must generate a recommendation report that lists their conclusions about the company and a suggestion for what course of action to take on the loan (tender the loan, reject the application, tender it with various covenants). Students then learn the actual subsequent performance of the company and can compare it to their predictions.
FRA's cases come from actual or fictional business cases used in traditional business schools. Students examine a variety of financial statements, but students don't have a notebook like INDIE's (although certain calculations and other data are available on request, which are somewhat like INDIE's tests). Along the way, students have access to ASK questions and expert coaching that appears only when the student wants it, although the interface indicates when relevant stories are available for just-in-time help.
When students are ready to make a decision about the loan, they are presented with a fairly complex report that has them make qualitative judgments about the company, including overall financial soundness, potential profitability, liquidity, likelihood of ability to make all agreed loan payments, and so forth.
When students are ready to make a decision, they click a ``Submit report'' button and are critiqued with a list of warnings and/or suggestions for their report. These warnings and suggestions can find inconsistencies in the students' ratings (for example, students shouldn't rate the character of management ``good'' when they have uncovered questionable accounting decisions) or indications of a lack of understanding of accounting and investment principles. FRA's advice tends to be scenario-specific and precise about students' mistakes.
Once students have considered each suggestion and perhaps updated their report, they have the opportunity to see an annotated on-screen demonstration of an expert doing the same work, which consists mainly of a linear click-by-click recording as students read an expert's commentary.