Datum i mjesto održavanja:
Četvrtak, 16.11.2017.  -  Petak, 17.11.2017.
Westin Zagreb
Rok za prijavu:
Ponedjeljak, 13.11.2017.
Finance for nonfinancial managers

The goal of the workshop is to understand the financial basics and the most common key performance indicators. Participants get acquainted with financial basics – the result is the better understanding of financial reports.

During the business game the participants understand:

  • how transactions are recorded in the income statement and balance sheet;
  • the components of the income statement, balance sheet, cash flow statement;
  • factors affecting cash flow;
  • how the statements of cash flow are related to the income statement and balance sheet;
  • key financial statement ratios;
  • how to interpret budget to actual results and reflect changes in
  • budget assumptions;
  • what effect business decisions take on financial matters.

Factory® business game – to understand complex issues in a simple manner.
Using interactive learning materials we encourage participants to remain actively engaged throughout the entire course.
Learning by doing in teams guarantees a high and sustainable transfer of knowledge:

  • work in small groups;
  • short lectures on theoretic background;
  • discussions;
  • case analyses.

The workshop will be useful for:

  • functional managers
  • business area managers
  • future managers
  • sales experts
  • colleagues from different functional areas (HR, IT, logistics etc.) who don’t have financial degrees.



Day 1

08:30 - 09:00 Registration
09:00 - 11:00 Introduction of the Business Game methodology (how to?)

  • Stakeholders, market informations, financial statements
  • 1. Quartal of the Game - Simulation Plenum

11:00 - 11:15 Break
11:15 - 12:45 2-4. Quartals of the Game - Simulation in small groups

  • Closing tasks, evaluation of financial performance
  • Goal of Reporting, major components. Income Statement

12:45 - 13:45 Lunch
13:45 - 15:15 Sales actvities

  • Focus on cash-flow & costs
  • Elaboration of Balance Sheet
  • Financial analysis methodologies, Key performance indicators

15:55 - 15:30 Break
15:30 - 17:00 Action planning, financial impacts of decisions

  • Simulation of the 2nd year in small groups

Day 2

09:00 - 11:00 Interpretation of the financial performance of the second year

  • Objectives. Managers influence on KPI’s, responsibility, incentive system

11:00 - 11:15 Break
11:15 - 12:45 2-4. Planning of profit needed

  • Improvement of the company’s performance
  • Shareholder Value, EVA®

12:45 - 13:45 Lunch
13:45 - 15:15 Investment calculation methods with examples (NPV, IIR)

  • How to enhance the value of the company?

15:55 - 15:30 Break
15:30 - 17:00 Simulation of the 3rd year in small groups

  • Information sources for financial analysises
  • Conclusions of the training

This workshop will be conducted in English.

Róbert Velenczei

Róbert Velenczei, Principal consultant, Senior trainer, Head of the Organization & Operations Competence Center
6 years experience in consulting and coaching.

Professional Experience - Training (Extract)

  • Holding process optimization and cost-effectiveness trainings since 2005
  • Moderating strategy creation and business planning trainings since 2006
  • Holding financial, accountancy and controlling trainings  with Business games (Factory®, Global Factory®) since 2007 for more than 1000 participants
  • Elaborating a framework for Lean Six Sigma program, training and coaching of LSS projects at a major telecommunication company (2013)

Professional Experience – Consulting Projects (Extract)

  • Developing a process governance model for a telecommunication
  • Elaborating a framework for Lean Six Sigma program, training and coaching of LSS projects
  • Analysis and redesign of the controlling processes (in particular: planning, reporting, KPI’s) of a service provider’s central European subsidiaries 
  • Business process reengineering of procurement processes and organizations – from conceptualizing to detailing internal regulations and implementation at a major pharmaceutical company 
  • Creating the main concept for the reorganization of the engineering department and processes at various public utilities 
  • Supporting project management  in implementing SAP BPS, BW and BCS modules.
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