Need a better understanding of accounting & finance principles & where your managerial budget fits into the firm’s big picture? Want to understand accounting lingo? Want some “hands on” interaction to help you come to grips with those bottom line decisions? Whether you are an experienced manager with increasing budget responsibilities, a new manager, a small business owner, a board member or investor—you need to understand the basics of accounting & finance
We are pleased to announce our partnership with the makers of Zodiak, a financial game being used by several fortune 500 companies to educate employees on the basics of accounting & finance. Zodiak involves participants in a game simulation where they purchase a company, invest $4 million, sign a bank loan & try to make business decisions that will make the firm successful.
But it’s not all fun & games. Along the way, terms like “cash flow”, “return on equity”, “working capital”, “cost of goods sold” &“assets” come vividly to life. More importantly, through the profits & pitfalls of running their own company, participants discover tools that may well change the way they view & do their jobs.
From the game to the real world, participants will leave with a new understanding of accounting & finance, including:
- Financial statements & basic accounting principles: Balance sheet, income statement & statement of changes in stockholders’ equity
- Net Income versus cash flow
- Statements of cash flow: Financial analysis using ratios & other tools
- Nature of financial management: Functions of financial management goals & objectives of the firm, asset & financing needs & cash basis vs. accrual basis
- The working capital cycle: Funds flow through the firm's operating cycle & cash cycle time line
- Managing cash: Why hold cash & the cash budget as a key planning tool
- Other current assets & liabilities: Accounts receivable, inventory management & accounts payable
- Capital budgeting: Identification of capital projects with excess value, measuring costs & benefits of capital projects, evaluating capital
Experienced managers with budget responsibilities
Small business owners
Anyone who needs to understand the basics principles of finance & accounting