Finance for nonfinancial managers

COURSE OVERVIEW
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.


LEARNING OUTCOMES
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.

METHODS
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.

WHO SHOULD ATTEND?
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.

PROGRAM OF THE SEMINAR

Day 1

Registration
Introduction of the Business Game methodology (how to?)

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

2-4. Quartals of the Game - Simulation in small groups

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

Sales actvities

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

Action planning, financial impacts of decisions

• Simulation of the 2nd year in small groups

 
Day 2

Interpretation of the financial performance of the second year

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

2-4. Planning of profit needed

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

Investment calculation methods with examples (NPV, IIR)

• How to enhance the value of the company?

Simulation of the 3rd year in small groups

• Information sources for financial analysises
• Conclusions of the training
   

LANGUAGE:
This workshop will be conducted in English.