Course Outline
The Advanced Program includes: 
- Two and a half hours of facilitator-led simulation – introduction to business, financial statements, terminology, fixed and variable costs, managing cash flow and profit separately;
- Sixteen plus hours of team competition simulation consisting of 6 decision-making cycles.
Each cycle includes:- Competitor and market analysis
- Formal and informal budget and cash flow exercises
- Setting prices in a competitive market
- Maintaining or expanding capacity
- Introducing new product lines
- Expanding into new markets
- Creating income statements and balance sheets
- Posting, comparing, and discussing results
- Five hours of other activities – break-even analysis and the cost-benefit analysis of various improvements such as raw material cost reduction, increased labour efficiency, quality and customisation price initiatives;
- Extensive discussion of Income Statement Analysis, and Ratio Analysis: ROS, Asset Turnover, ROA or RONA, EVA, Liquidity, Debt-to-Equity;
- Discussion of net present value (NPV), discounted cash flow (DCF) and planning; and
- Discussion and tie-backs relating simulation experience to your company concerns, measures and goals.