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Finance & Budgeting

Finance for Managers – Simulation Programme

Learn & Fall in Love with Finance & Budgets

 

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.

Other Programmes you may be interested in:

This ILM Accredited course is eligible for Unit Credits towards ILM Level 3 Leadership & Management Diploma, Certificate and Award qualifications.


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