Organizational/Personal Situation
Non-financial personnel in an enterprise do not work on finance directly, but their routine activities are closely associated with the enterprise’s financial conditions. We usually find some activities which are not beneficial to the financial conditions:
- A budget war, in which each division cares about its own interest only regardless of optimization and allocation of all kinds of resources within the organization. Therefore, the financial department has to be locked in and suffers from a struggle among the various departments.
- Sales volume: the more, the better. The pricing is already down to the floor and no further preferential treatment can be afforded. The cost is high despite of considerable volume. What the enterprise can achieve is only a narrow profit margin.
- Signing of order is the most importance. The enterprise turns a blind eye to overdue payment. Subsequently, accumulation of accounts receivable results in crisis of the enterprise’s cash flow.
- A lot of new hires come out because increasing business issues require more manpower. However, increase in expenditure outpaces increase in profit.
- Additional raw materials and spare parts are purchased for uncertainties. Then, the inventory structure is found irrational.
The cause to above situations can be owed to a lack of sufficient understanding by non-financial staff about an enterprise’s financial operation, say how money is earned. They might know some basic concepts about finance like cost, profit, cash flow, return on investment and so on. However, they do not have the chance to experience the practical significance of these concepts on an enterprise’s survival and development from the viewpoint of corporate business operation. Therefore, they will find it harder to see how their activities affect the cash-in and cash-out inside an enterprise and how these factors are reflected by profit.

Program design
To help non-financial personnel in enterprise understand finance is not only the business for financial department but this is also everyone’s responsibility, it is necessary to let them know that they must take care and contribute with entrepreneurship. So we have designed the training course “1-day financial operation simulation + 1-day financial management learning” with the aim to establishing the financial awareness and to helping them master the financial management tools that can be immediately available when they return to the organization.
In the 1-day financial operation simulation, participants will learn how to control fund circulation among different business divisions. They will see that all activities in an enterprise are related to money and optimizing business activities can consequently improve fund circulation and financial results. In the simulation, participants are working on financial statements on their own. After repeating several times, they would find that preparing financial statements means no terrible thing and the principles and rules are easily accessible. When the simulation completes, participants are supposed to discuss on in which aspects they can make further efforts so as to help the organization utilize financial resources most effectively and enhance economic efficacy accordingly. 
The awareness of finance is not sufficient alone. To do the job well, we have to learn how to collect information and then perform analysis and make decisions. In the 1-day financial management course, participants will study on a set of key financial ratios based on the financial statements they know about and practice on financial analysis. Then, they will learn and practice how to conduct cost analysis and how to predict return on investment and to make analysis in this regard. Only with these tools can a participant be proficient in field work.

Program features
Curriculum design for the “1-day financial operation simulation + 1-day financial management learning” course has advantages in three aspects: first, participants can have a thorough understanding about corporate business operation, especially financial operation; second, participants will easily know how to read financial statements and to perform financial analysis, which are hard-won in a finance course without simulation; third, participants will have field experience in the job of the finance department and this is beneficial to their future coordination with the finance department. When returning back to enterprise, participants can spontaneously consider reasonableness of their decision-making from the viewpoint of financial management and whether their performance can contribute to the company to the greatest extent. On the corporate side, it will be obvious that the staff can be devoted to the job with entrepreneurship.
  

How you will benefit

- Learn to read and analyze financial statements, and use the financial ratios to assess and diagnose business operation
- Improve planning and decision making with finance savvy
- Look at profit and efficiency with increased sense of ownership
- Communicate and collaborate effectively with Finance people

What you will cover

Financial simulation
- Simulate managing a company
- Get an overview of business operation and finance operation
- Understand how different operating strategies impacts profit
- See how to increase profit and return with the same sales level
- Learn to read and produce financial statements
- Apply ratio analysis to analyze operation efficiency and develop improvement plans
- Take the learning one step further into real business world practice

Financial management and analysis
- Read and analyze financial statements
- Conduct financial ratios analysis
- Calculate and produce cash flow chart
- Understand cost concepts and classification
- Cost, quantity and profit analysis
- Breakeven analysis and pricing
- Budget management and process
- Investment analysis
- Expense control

“The program introduces how to make some basic but important financial analysis, basic capital operation and how to make budget. It’s very practical and easy to understand.”

“It enables me to have a basic understanding of financial operation mode and relevant tools. It’s very helpful to my work.”

“The program is more practical, since it introduces finance as business management tool.”