This highly interactive training workshop is designed to give non-financial managers a solid grounding in the principles of finance and how it relates to them. It is based on a team-based board game we have designed from scratch where teams compete with each other in a marketplace.
This highly interactive training workshop is designed to give non-financial managers a solid grounding in the principles of finance and how it relates to them. It is based on a team-based board game we have designed from scratch where teams compete with each other in a marketplace.
Their success (or otherwise) is recorded, and financial statements are prepared. Consequently, delegates can easily see and draw a link between their actions and the financial statements. A thorough understanding of financial terms, reports and how money moves through a business is crucial for managers. Yet, the terms and concepts are often misunderstood or not understood at all.
This Finance for the Non-Financial Manager training course is centred around an interactive board game where teams compete to win business and then generate financial reports and ratios, respectively. There is no 'Black Box' software approach here, and delegates can immediately see the impact of sales, cost-control etc., and their ramifications are immediately evident in the team's financial statement in each cycle.
Consequently, the link between strategic decisions they make and the financial statements of the fictional companies are immediately obvious, and a clear link is drawn between the dry, almost academic financial reports they see and real-life actions and consequences.
Every action has ramifications that appear immediately on the board and on the financial statement the teams will prepare. Therefore, financial management is brought to life for the delegates and made 'real'.
Day One: Business Basics
Overview
Finance Basics
Profit & Loss Accounts
Balance Sheets
Working Capital
Introduction to the Simulation
Planning
Simulation Month 1
Simulation Month 2
Day Two: Looking Forward
Pricing Strategy
Fixed & Variable Costs
Break-even Analysis
The Market 1
Cash Flow Forecasting
Publish P&L Accounts
Simulation Month 3
Sales Forecasting
Simulation Month 4
Working Capital
Day Three: Strategies For Value Creation I
Financial Ratios
Gearing
Acid Test
Return on Sales (ROS)
Return on Net Assets (RONA)
Gross Profit
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)
Day Four: Strategies For Value Creation II
Strategies for Success
Cost Leadership & Differentiation
Segmentation Strategies
Customer Personas
Proposition-Building
Simulation Month 5 (Cost Leader or Differentiation?)
Day Five: How Can I Affect Value
Return On Net Assets (RONA)
How do I affect RONA?
Action Plans
What will I do starting tomorrow?
Where do I make a difference?
Project Appraisal Techniques
Discounted Cash Flow
NPV and IRR in Project Appraisal
XCalibre Training Centre offers unique development and skill-based training courses internationally that aim to nurture practical result-driven abilities in individuals to keep up with the constantly changing business requirements.
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XCalibre Training Centre assists our delegates from varied backgrounds, qualifications, designations, and industries willing to improve their career path for self-sustenance and self-realization. The end goal is to create a mutually beneficial relationship between organizations and their employees to reach their desired levels of success.
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