The balance sheet is the only official document in which the company summarizes its economic/financial performance and photographs its assets. Understanding it, knowing how to read it, and above all being able to interpret its numbers means taking a snapshot of the financial health, level of profitability, and degree of efficiency of capital management of customers, suppliers, and competitors.
The development of economic sensitivity, even to “non-finance people” provides a concrete basis for making strategic choices and operational decisions.
The course is based on an experiential business game in which participants, thanks to the playful, tactile and concrete experience of the game, have the opportunity to simulate the operations of running a business while observing, in real time, the impact that these choices determine the company’s economic and financial performance.
Target audience
General Managers, Managers of non-administrative functions and all those who wish to approach economic-financial issues, understand financial statements, set up the reading and interpretation of financial statement numbers through economic-financial ratios.
Methodology
The tool used is the Financial Training Game®: a simulation game of all economic-financial scenarios involving a company and indicators to measure its performance and soundness. The methodology is based on the use of objects that make the dynamics of the simulation concrete and make performance results visible. The game methodology allows “non
finance” people to learn the fundamentals more quickly than with classic interactive
methodologies.
Duration
2-day in-person course.
Goals
- Understand and learn the most important levers for managing the enterprise and its business
- Verify the economic and financial impacts arising from the market, strategic choices, daily choices, and extraordinary external events
- Understanding the “numbers” of the company and its balance sheet
- Interpret economic/financial data through traditional KPIs
- Understand and manage the economic implications of the decisions you make every day (payment timing, customer or prospect evaluation, evaluation of new resource sourcing opportunities, make-or-buy, investing with own sources or using external financing, other innovative forms of business modeling, etc.).
Program
- The economic, asset, financial and monetary management of an enterprise
- Profit and “cash” compared
- What do I read in a budget?
- The construction and analysis of key economic/financial ratios.
