Course Details

Training on Finance for Managers - Simulation Programme will have indepth tutoring on finance and budgets. The team competition consists of six business cycles in which teams have full decision-making power and are accountable for the results. In each cycle, teams develop and implement a business strategy for their company, which incorporates real-world dynamics, such as production capacity, customers, prices and financing. Each cycle includes the following activities:

• Examining market drivers: supply and demand, niche marketing, quality
• Competitor awareness, setting prices in a competitive market
• Ongoing strategic analysis, updating the strategic plan in response to changes in the industry and in the marketplace
• Budget and cash flow exercises
• Monitoring cash flow
• Maintaining the books of the operating company (Income Statement, Balance Sheet and Cash Flow Statement)
• Performance measurement and analysis
• Posting, comparing and discussion of results
• Analysis of competitors, break-even, income statement and cost-benefits