• Accounting – main concepts and mechanisms;
• Financial statements;
• Budgeting elements;
• Financial ratios analysis;
• Financial forecasting;
• Investment decisions;
• Capital market and financial products;
• The financing decision;
• Treasury management;
• Financial management in turbulent times;

The Finance for Non Finance Managers program addresses to every manager or specialists that want to understand better the financial-accounting activity.

• You will master the accounting and finance language and know to ask the right questions;
• You’ll evaluate the consequences of the company’s transactions from a financial perspective;
• You’ll understand the content of the financial statements (balance sheet, P&L account, financial ratios);
• You’ll analyze and assess the financial performance of the company;
• You will understand the impact of each decision on the company’s financial stability;
• You will use financial indicators for improving strategy use and, therefore, competitiveness and credibility of company;
• You will understand the budgeting mechanism;
• You will apply the concepts, make decisions and see how the financial mechanisms work, through the EXCELSIOR business simulation.

Among other things, you’ll find answers to questions such as:

• What is the difference between the current value and the market value of an asset?
• What is EBITDA (or other such indicators), how are they calculated and what is their usefulness in business?
• What indicators do potential investors, creditors or shareholders of the company look at?
• How do I determine financial profitability?
• Why do I need short and long term financial forecasting and planning?
• If I want to develop / grow the company, is it sustainable in financial terms?
• What are the selection criteria for an investment project?

EXCELSIOR simulation

Represents an intense learning experience, which takes place over several rounds, in teams, both in the program sessions and in meetings set by each team, outside the program. At the end, each team presents its results and discusses the impact of their decisions and other possible alternatives.

• The benefits of simulation
  • Provides an overview of a business’s processes;
  • Contributes to refining the skills needed to make decisions, helping participants to test their impact in a risk-free environment;
  • Develops team spirit, by involving each member in the decision-making process and obtaining consensus;