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412B: Zodiak - Service Organisations
Program Overview
Discover the world of business finance and the fundamentals of how business operates in this fast paced program using the Zodiak business simulation. Participants need not have any pre-existing financial skills or knowledge as the simulation is led by a skilled facilitator who guides and supports people through the process of running an organisation. The simulation offers a fun, engaging way to learn financial concepts, terminology and money flows. Two versions of the program are available – one for Industrial Organisations and one for Service Organisations.
Designed for
Anyone with a desire or need to acquire business acumen, financial literacy and an understanding of how money flows around an organisation. People who want to fully understand how they impact their organisation’s financial health and their role in increasing revenues, managing costs or building sustainability.
Content
Participants are formed into teams to run an organisation over a simulated three year time period. Over the course of the day, each team is required to make a series of strategic, business and financial decisions that will impact on the long term success of the organisation they are running. After each major decision, the facilitator will explain the consequences of the decisions taken by each team and provide an easy to understand explanation and analysis of the financial implications.
Cash flow
Capital investment decisions
Process improvement, lean production techniques and service quality
Price discounting and price increases
Profit vs cash
Reading financial statements
Shareholder value
Understanding the flow of money around organisations.
Learning Outcomes
As a result of attending this program, participants should be able to:
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Define and use common financial terms
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Construct and interpret two basic financial statements (Income Statement, Balance Sheet)
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Understand the importance of monitoring cash flow
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Explain the impact of product discounting and/or price increases on profitability
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Explain how strategic issues such as lean production techniques, accounts receivable and payable changes and debt strategies impact success
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Assess the impact of staffing and training decisions
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Identify the criteria for making investment decisions for the development of new services
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Improve processes
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Manage external contractors and suppliers
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Respond positively to quality challenges.
Nationally Recognised
No
Residential
No
Miscellaneous Information
Duration
1 day
*AIM Open Learning Programs are GST free, however GST applies to the catering component and is included in the fee.
Fees
| Professional Member: | $470.00 |
| Affiliate Member: | $565.00 |
| Corporate Member: | $470.00 |
| Public: | $565.00 |
Dates