Finance for Non-Financial Managers
How do you teach a notoriously dry subject like finance to non-financial managers? Put away the handouts and cancel the presentations. People learn by doing. And when you want your people to understand and apply difficult financial concepts, the best tactic is to get them to actually put those concepts to use. At LDL we use business simulations to engage delegates and deepen the learning on our financial skills courses.
Can you read a balance sheet? Or what a profit and loss is telling you? Or recognise the difference between cash and profit? How about interpreting key financial ratios? Or optimising the working capital cycle?
The highly interactive LDL ‘Finance for Non-Financial Managers’ programme brings financial statements to life through a physical simulation of a fictional company. Participants form the incoming management team of the company, leading it from mediocrity to excellence via a series of simulated exercises across three financial years. Through the simulation participants learn first-hand how to monitor cash flow, better utilise resources and improve productivity.
The tried and tested simulation has been used by companies of all sizes around the world to increase the business acumen of their people, as well as to generate applicable business improvement insights across finance, sales, operations and management.
Whether you want your managers to improve their understanding of cash flow and balance sheets, your salespeople to become more confident using financial language, or simply to encourage more of your people to see profit improvement as part of their role, the LDL Finance for Non-Financial Managers programme offers a route to increasing the financial understanding of your team.
“This turns the ‘black art’ of finance into an easily understood subject. I particularly liked the pace of the course, the size of the group and the exercises that tested the learning. Very helpful to show how much we’d learned by the last exercise – assessing it all in one day!” – CF, Director, Allocate Software