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X-WR-CALNAME:Impact for Learning & Development
X-ORIGINAL-URL:https://impact-ld.com
X-WR-CALDESC:Events for Impact for Learning & Development
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DTSTART;TZID=UTC:20200216T090000
DTEND;TZID=UTC:20200217T170000
DTSTAMP:20260405T225418
CREATED:20200119T082039Z
LAST-MODIFIED:20200122T104104Z
UID:5464-1581843600-1581958800@impact-ld.com
SUMMARY:Talking Numbers
DESCRIPTION:Talking Numbers “Finance For Non Financiers & KNOLSKAPE Build Your Business Simulation” \nWorkshop Overview\nOrganizations today\, more than ever\, need managers and employees who can contribute to the financial success of the business. Impactful members of the organization are expected to think and act like business owners; recognizing how they fit into the company and how their actions affect the bottom line. That’s what “Talking Numbers” is all about. \nThe workshop helps attendees recognize the full depth of what it takes for a business to make money\, what the numbers mean and how everyone’s actions impact the financials and viability of the company in the end. The workshop is boosted with a powerful online simulation – Build Your Business® by Knolskape – that takes participants right into action to apply what they have learned. \nLearning Outcomes\n\nDistinguish what drives some of the most common errors in business and how to avoid them\nBreak through the language of finance\nAnalyze and interpret financial statements within the context of industry analysis \nAppreciate & distinguish the inter-connectedness & impact of business decisions among the different functions\nUtilize and effectively manage the three axes of strategic execution: Competitive analysis\, Financial Acumen\, Market Trends\nExtrapolate why ‘cash is king’\nIdentify risk and explain the options available to manage risk\nApply management accounting tools to business problems\n\n  \nWorkshop content\nModule One: Analyzing and Interpreting Financial Accounting Statements \nPart One: The Financial Accounting model \nParticipants will learn the common model that is often used  to evaluate business performance\, its limitations\, and how to overcome them:  \n\nUnderstanding the accounting process \nApplying the fundamental accounting concepts \nEvaluating the performance of listed companies \nTools used to identify ‘value’ \nWhy ‘Cash is King’ \nUnderstanding commonly used words and acronyms\, e.g. EBITDA\, ROCE\, CFROI\, etc. \nLearning the limitations of the traditional accounting model and how to overcome them \n\nPart Two: Management Accounting \nOrganizations with excellent Management Information Systems have a significant competitive advantage. When an organization is under pressure to lift profits\, a reflex reaction is often to slash costs. Therefore\, a more creative approach is needed. In this section\, participants will be exposed to: \n\nUnderstanding what drives a company’s ‘bottom line’ \nCost – Volume – Profit analysis\n\n  \nModule Two: Understanding Financials in a Business Context \nPart One: Deriving and Implementing Strategy \n\nComprehensive ratio analysis and linking ratios to the strategic view of the firm\nPutting a measurement system in place to include both financial and non-financial metrics\, through budgeting and designing a KPI system\n\nPart Two: Risk & Return in the Valuation Model \n\nManaging risk and building certainty to add value \nThe Risk & Return Tradeoff and the impact on the company’s value\n\nPart Three: Strategic Management Accounting  \n\nLinking accounting to strategy  \nHow value drivers are identified and what benefits  they deliver valuation tools \nThe most commonly applied valuation tools\n\nPart Four: Appraising Investment and Financing Decisions \n\nDiscounted Cash Flow analysis (DCF)\, A key Valuation approach\nNet Present Value of an investment (NPV) \nForecasting cash flows \nMeasuring the required rate of return \nCost of capital \nWACC \nIRR \n\n Forecasting Techniques\, Tips and Pitfalls \n \nSimulation Overview\nTeaching Business Acumen can be a very dry & boring topic\, that’s where “BYB“ comes! \nBusiness Acumen tackles the three competencies that need to be mastered by any true business leader: Market Perspective\, Financial Literacy\, Business System Thinking \n\nParticipants of (BYB) will experience the thrill of running business in a safe learning environment. They learn to interpret financial statements and realize their impact on business decisions.\nParticipants will be tested on critical thinking and effectiveness of their individual strategies to make the most net profit at the end of the simulation (12 virtual months).\n\n  \nSimulation content\nThis web-based simulation is competitive in nature and can have up to 6 teams of 3-5 members each\, competing against each other. Each team will be assuming the role of the organization’s CEO’s\, who are in charge of building & growing their business through strategic business decisions.  \nAt the beginning of every round in the simulation\, the CEO makes decisions in six different functional areas: Human Resources\, Production\, Pricing\, Marketing\, R&D\, Banking. Then they get to see the impact of their decisions on the overall revenue\, market share\, and customers’ satisfaction  \nThe winning team is the one who manages to make the highest success by the end of the simulation. \n \nSimulation De-brief\nThe de-brief highlights the experiences learners witnessed through the simulation\, and how to use the grasped insights as areas of focus for future application in day-to-day work & strategic decisions \n\n\n\nImportance of market sensitivity for monitoring changing needs & trends\nManaging Competition \nBuilding on financial data for deciding appropriate business strategies\nMaking the best out of opportunities & challenges\nChoosing the right growth strategy according to company and market status\nCreating\, delivering\, and capturing value\nOptimizing service portfolio and margins to capture the market\n\n\n\nWho should attend?\n\nMiddle managers who make strategic decisions \nProfessionals who deal with several stakeholders inside and outside the company \nBusiness owners and entrepreneurs\n\nWorkshop Fees: EGP 5\,200\n
URL:https://impact-ld.com/event/talking-numbers-finance-for-non-financiers-knolskape-build-your-business-simulation/
LOCATION:Helnan Landmark Hotel\, Street 90\, 5th Settlement\, Cairo\, Egypt
ATTACH;FMTTYPE=image/png:https://impact-ld.com/wp-content/uploads/2020/01/Talking-Numbers.png
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