Profit Games Selling and Finance Diplomas

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Finance diplomas online

Begin directly taking Finance Diplomas in the business practices on the basic level. Do not read guides under Help, but having a question.

Save often to be able to continue later. When you have attained the targets of a course, you can print a diploma, which also is sent to you by e-mail.

Basic 1
- Resource and Balance practice: You build up a private economy.
- Profit/loss practice: You add profit/loss and begin to become a company.
- Profit and Cash planning: Practices in profit and liquidity cash budgeting. This practice presupposes that the two previous are done.

Basic 2
- Profit practice 1: Margins, markups and pricing.
- Profit practice 2: Break-even, safety margins and pricing.

Continuation
- Profit practice 3: Contribution, capacity utilization and pricing.
- Profitability practice: Return practices. This practice presupposes that the first Balance and Profit practices are done.
- Investment practice: Investments. This practice presupposes that the Profitability practice is done.

Advanced level
- Financial control 1: Sales calculation.
- Financial control 2: Financing and investment.
- Financial control 3: Budgeting.

Expert level
- Financial control 4: Profitability and return.
- Financial control 5: Pricing.

Selling & Finance Diplomas	Business practices	Business games
Finance Diplomas Basic 1 Resource and Balance Profit/loss practice Profit and Cash planning Basic 2 Profit practice 1 Profit practice 2 Continuation Profit practice 3 Profitability practice Investment practice Advanced Financial control 1 Financial control 2 Financial control 3 Expert Financial control 4 Financial control 5 Selling & Finance Diplomas Profit Games Basic 1 Profit Games Advanced Profit Games Expert	x x x x x x x x x x x x x x x x	x x x
The Executive level contains no courses leading to diplomas but the simulation and calculation tools with learning texts for your own use.

* Courses not yet included in the standard delivery.

Selling & Finance Diplomas online

Every game has an introducing practice presenting the company and mode of procedure.

The structure is simple

Profit Games Selling & Finance Diploma

Your decisions have business outcomes featuring the interdependencies of business concepts. The reports are generated after each decision. That stands out from other business games, where accounts include several decisions and give no direct feedback and knowledge.

In the games you choose an office depending on how you appraise the current finances of the company with the purpose of reaching the targets.
In the practices on the other side you follow a given story.

In the offices you normally solve problems, tasks, make decisions and answer questions. Exceptions are Strategies (see below) and also the Simulation room into which you always can go to test optional decisions.

(In trading companies there is no office "Production" down in the middle.)

To your help you have calculation tools and reports with audio books, dictionary, etc. including that you get immediate feedback after every decision, task and question.

Overall connections
The shortcut to effectual learning lies in shaping an early overall view. Financial reports are ultimately based on balance sheet and profit-and-loss account (income statement). Mnemonics is about having simple memory cells and structures to put information into to become knowledge.	The pedagogy is most efficient when your activity and practice come first leading to your searching for explanations and theory. All you need giving the financial structure and interrelationships you can find in the courses. All reports, calculations and other tools have a link, Audio, with specific learning materials with theory and factual knowledge. See below.

Business Finance and Simulation

Audio books in reports and tools

Balance reports

– Balance sheet (BS)

    Balance sheet.
    Vertical balance sheet.
    Assets.
    Fixed assets.
    Current assets.
    Financing.
    Owners equity.
    Loan capital.
    Invoices.
    Capital requirements.

    Trends.
    True and fair view.
    Intangible assets.
    Goodwill.
    Interactive reports.

– Graphic balance sheet

    Introduction.
    Standard layouts.
    Vertical layouts.
    Colors of the balance sheet.
    Connections with the P&L.

– Solidity

    Equity-to-Assets ratio.
    How big part is financed by equity?
    Debt ratio.
    How big part is financed by debt?
    Debt-to-Equity ratio.
    The relation debts / equity.

– Liquidity

    Can the short-term debts be paid?
    Net liquid ratio.
    Acid-test ratio.
    Current ratio.
    Working capital.
    Improve liquidity.
    The finance function.

– Shares

Expert level:
- Valuation
- Key ratios.

The goods handling companies as trading- and manufacturing companies use an external balance sheet. While the service and project companies use an internal balance sheet including underlying systems for contracted resource handling.

Income reports

– Profit-and-Loss account (P&L)

     Purpose.
     Layouts.
     The horizontal method.
     The vertical method.
     Profits and margins.
     Gross profit.
     Operating profit.
     Net profit.
     Finishing profit measures.
     Some cost terms.
     The flow of money.
     Interactive income statement.

– Graphic Profit-and-Loss

     Colors and layouts.
     Horizontal layout.
     Vertical layout.
     Private economies - the way to success.
     The flow of money.
     Invoices and accounting method.
     An invoice - a revenue ...?
     ... an expense ...?
     ... or an asset?
     Invoices at closing.

– Sales analysis

     Profit contribution analysis.
     Full costing analysis.
     Calculation models.
     Analysis of a new endeavour.
     Analysis of an established business.
     Capital costs.
     Calculated depreciation.
     Calculated interest.

– Rate of turnover

     Purpose.
     Inventory turnover ratio.
     The relation P&L and Balance sheet.
     Turnover and return.
     Demand for capital.

Profitability reports

– Return on Assets (ROA)

     Profitability diagram ROA.
     Profit is compared with the assets.
     Required return.
     What profit?
     Measure analysis.
     Math for economists.
     Satisfied customer index.
     Interactive report.

– Causal analysis

Analysis from the start of the period

– Trend-diagram

The development of profitability in graphic

– Margin and rate of turnover

     Purpose.
     Increase the rate of return.
     Increase the rate of turnover.
     Increase the profit margin.
     Connections.

– Return on Equity (ROE)

     Profitability diagram ROE.
     Equity.
     What profit?
     Required return.
     Measure analysis.

– Return on Capital Employed (ROCE)

   Expert level:
     What capital?
     What profit?
     Risk buffer.

– Financial Leverage (ROA to ROE)

   Expert level:
     Examples of return in different industries.
     Leverage effect.
     Leverage formula.
     Average interest on debt - IOD
     What profit?

Remaining report pictures

– Scorecard

     The targets of a diploma.
     Finance focus - economic laws.
     Liquidity and Solidity.
     Margin.
     Profitability.
     Development focus.
     Correctly answered.
     Customer focus.

– Cash flow analysis

     Payment oriented economics.
     Income and liquidity budget.
     Cash flow.
     Step 1: Adjusted income statement.
     Step 2: Balance sheet:
      - Current assets and short-term debts.
      - Fixed assets.
      - Long-term debts and equity.
      - Cash.
     Cash conversion and creation.

– Notes
     Write down your notes.
     Mission.
     Visions and objectives.
     Values and behaviour.
     Experiences and action plans.

– Selling and/or Finance Diplomas

     A diploma will be shown and sent when the
     targets are reached.

– Budget
     You put in your personal target of the
     solidity and start a new period.

Tools for calculations

– Sales-Purchase I

     Basic level:
     - Costs.
     - Average cost calculation method.
     - One-product company.
     - Markup and price.
     - Multi-product company.
     - Vat.
     - Discount.
     - Sales price and purchase price.

     Continuation level:
     - Margin and contribution.
     - Total and per unit.
     - Capacity utilisation.
     - Excess capacity.

     Advanced level:
     - Calculation in different industries.
     - The real contribution.
     - Contribution or Full cost pricing:
       1. Immediate goal.
       2. Strategy.
       3. Competitor pricing.
       4. Costs.
       5. Tactic.
       6. Set price.

– Buying tools II

     Basic level:
     - Purchase calculation
     - Purchase discount.

     Advanced level:
     - Storing cost and Rate of turnover.

     Expert level:
     - Economic quantity per time

– Profit budget

     Purpose.
     Layout.
     Profit budget contra liquid cash budget.

– Cash management

     Basic level:
     - Liquid cash budget:
     - Profit budget and liquid cash budget.
     - Project economy:
     - Comparison with companies.
     - Project management - time factor.
     - Project management - cash flows.

     Continuation level:
     - Credit days.
     - Pay-back time investments.

     Expert level:
     - Payment terms and risk.

Introductory parts of the tools above are used on the basic level. The following tools are mostly used on higher levels.

– Sales tools II

     Profit contribution method.
     Full cost calculation.
     Profitability analysis.
     Breakpoint and capacity utilization.
     One-product and multi-product company.
     In volume, money and percentage.
     Safety margin.
     In volume, money and percentage.
     Profitability point.
     Profitability volume.
     Profit budget and cost control system.
     Rate of occupation.

– Capital tool I

     Capacity utilization.
     Turnover ratios.
     Investments.
     Payoff and Pay-back time.
     Present value PV and Future value FV.
     Net present value.
     Annuity method.
     Compare investments.
     Internal rate of return - IRR.
     Required return.
     Return on Investment - ROI.
     What does determine the standard of living?
     Efficiency and productivity.
     Effectiveness and efficacy.

– Investments II

     Present value.
     Net Present Value NPV.
     Annuity method.
     Profitability comparison.
     Internal rate of return.
     Required return.
     Project economy.
     Comparisons.

– Price tools III

     Price cut.
     The lowest claim for a volume increase.
     Price increase.
     The lowest limit to reduced volume.
     Compute value change.

Business Simulations

On all levels you can, besides in the calculation tools, put in your own values in the simulation and see the results in the report pictures in order to ...

– Find out the answer to Why? What? and How?

– As well as in practices and games give an overall big-picture understanding of the business finance and its interrelationships, enabling you to make better decisions and meet the competition.

– Increase financial literacy and business acumen.

– Give an understanding of what drives profitability and value growth.

– Give training that is dynamic and emotionally engaging.

– Build on interactivity and be more effective than conventional training.

– Shorten training cycles (hours of games and simulation replace days of lecture).

– Be realistic and direct applicable to the job and your private finances.

Business Strategies

In the CEO-function, on the Expert level, you carry through strategies.

Market strategies

You compete on different markets and influence your market shares, stock in subsidiaries and value growth.

Base strategies

You change your price strategy and choose suitable supplementary strategies for better profitability, satisfied-customer-index, customer focus and market orientation. You make strategic changes in a dynamic structure. All values in the bases of decisions of the games will continuously be changed by your decisions and strategic changes.

The purpose is to
– Allow the participants to find out what is required to implement different strategies,
– Generate understanding of the relationship between goals, strategies and operative measures,
– Build competency and commitment around corporate goals and strategies.

Help

Business dictionary.
Instructions.
Leader guide.
Course design for blended learning.

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