Who Should Attend:
- Managers who analyse, forecast and plan
Course Objectives
- Prepare budgets, targets and forecasts
- Integrate planning of cash flow, sales, costs and profits
- Partner with customers and suppliers
- Optimise the way sales and purchases are structured
- Prepare operating reports and financial reports
- Target profit opportunities
- Prioritize and control costs
- Reduce inventories and working capital
- Use bench-marking to improve the bottom line
- Improve working relationships with others in the organisation.
What will you gain?
The workshop presents key financial tools and concepts:
- Management uses of basic financial statements
- Why market conditions dominate business decisions
- The need to manage separately for cash and profit
- Fixed and variable costs
- The value of budgets and cash flow forecasts
- The impact of inventory build-up
- The need to control working capital
- Break-even analysis
- Unit cost analysis
- Income Statement analysis
- ROA, ROI and other metrics for management
- Financial metrics used by your company.
Course Content
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.
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