Finance and Accounting Literacy Training Program

Info about the program

Business acumen helps your employees understand how their decisions impact the company’s financials.

Our business simulation gives your employees a fundamental understanding of business. They get a business vocabulary that will help them make better decisions, and understand how their decisions impact the company as a whole.

Here are some of the topics covered

1. 1. Decision making: learners face problem of whether they should expand production capacity, invest in research, and develop new product lines.
   2. Strategic thinking: learners must take into consideration forecasts and the competitive landscape to choose a strategic direction for their own virtual company.
   3. Product mix: learners will look at how producing at different volumes affects costs, and try to find a mix of products that yields the highest possible profitability.
   4. Forecasting: learners use market forecasts to plan operations and investments, and make budgets to see the financial side of their plans.
   5. Financial statements: learners can see how the income statement, balance sheet and cash flow statement differ, and use them in their decision making.
   6. Manage cash flow: contracts with back-loaded payments and investments can leave you short on cash. Should learners fund the cash delay with loans, credit, or in other ways.
2. The Business Simulation training:.
   • Students get to run a simulated business over 8 quarters (2 years)
   • The training is online and runs 4 hours per session (we do this in one morning sessions)
   • Group size is 3 to 4
   • The cost is $660 + GST per person.