Finance for Managers and Executives

A 2 day workshop that targets managers, executives and staff who are engaged in budgeting, forecasting, strategy and analysis.

Business Challenges Solved with This Course

Strategic Thinking

Leaders draw on a range of skills to meet more complex sales and marketing challenges such as competitive differentiation, falling prices, and disruptive technology.

Gain Practical Experience

Leaders decide which customer profiles to target, what product mix to adopt, what prices to set, whether to increase capacity, how much money to borrow, and the R&D options to pursue. Learners gain practical experience in the use of a range of financial planning and analysis tools including cash flow forecasting, budgeting, and ratio analysis.

Understand How Multiple Roles Effect the Bottom Line

Leaders play all the major roles in an operating company: production, R&D, sales and marketing, management, and finance.

Delivery Options

Face-to-Face Workshops

Virtual Workshops

Finance for Managers and Executives

Learn to run a business in a highly competitive and team environment in this 2 day workshop that targets managers, executives and staff who are engaged in budgeting, forecasting, strategy and analysis.

What You Can Expect From This Course

Program Overview

Developed by Andromeda Simulations International, Income:Outcome Finance for Managers and Executives is a two day simulation that utilizes the Income/Outcome simulation board to allow leaders to decide which customer profiles to target, what product mix to adopt, what prices to set, whether to increase capacity, how much money to borrow, and the R&D options to pursue. Learners gain practical experience in the use of a range of financial planning and analysis tools including cash flow forecasting, budgeting, and ratio analysis.

Facilitator-Led Simulation

This group experience provides the rules for the simulation, a general introduction to the process of business (financial statements, business terminology, fundamental business dynamics), and sets the framework of needing to manage separately for cash and profit.

Team Competition Simulation

Team competition in this simulation consists of six strategically complex business cycles in which teams have full decision-making power and are held accountable for the results.

In each cycle, teams develop and implement a business strategy which incorporates real-world dynamics: production capacity, customers, prices, financing, and more. Each cycle includes:

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 and Balance Sheet)
Performance measurement and analysis
Posting, comparing, and discussion of results
Other activities include break-even analysis, SWOT analysis, income statement analysis and cost-benefit analysis.

Ratio Analysis

In this module, participants discuss common business metrics with the Income/Outcome Triangle for Ratio Analysis.

Analysis of Your Company’s Financial Position

Using The Company Board^®, a 3D visual representation of your current corporate financial position. This module transitions the learning from the classroom to the real world. The tie-back and discussion relate the simulation experience to your company’s concerns, measures, and goals. It can include additional visualization exercise and discussion of real world competitors such as:

An additional exercise in planning and analysis
A discussion of Key Performance Indicators (KPIs)

Learning Approach

Our Learning That Never Stops^™ approach will ensure skills learned in the Income:Outcome Finance for Managers and Executives will be transferred to day-to-day work practices. To achieve this, Income:Outcome Finance for Managers and Executives includes components and activities: