Learning Model – This type of course is usually taught using dry lectures, long cases and pre-existing reports, which students tear apart trying to place and remember where each line item came from in this antiquated learning method. This only creates confusion and apathy.
In PCI’s Business Acumen Foundations, students work and learn in a unique team-based model. Each team works through a computerized simulation of a start-up business with blank dynamic financial reports, NOT a board game manually pushing chips to show money flow. They make real life business decisions to raise capital, borrow funds, set prices, hire staff and order equipment. They enter their own decisions into the simulation which immediately flashes on screen the accounting and financial implications of each decision on each line of each key report.
They can even toggle back and forth between reports, and choose to study reports in numbers or as a fast-moving bar chart. They run the start-up business for months in one real time day. Participants leave this hands-on course with months of basic finance learning, integrated and retained, to be applied back on the job any time thereafter.
Key Learning Points:
Learn Basics of Finance
Analyze a Balance Sheet – Assets, Liabilities, Owner’s Equity
Analyze Income (and Expense) Statements – Revenues and Costs
Analyze Cash Flow Statements – Sources and Uses of Cash
Financial Metrics – Return “Ratios” such as Return on Investment, Assets
Learn How global enterprises “account” for each dollar they take in and spend
Integrate all 3 reports and key metrics into one clear, comprehensive financial picture of a business
Make basic business decisions – raising capital, hiring, staff, borrowing money and purchasing supplies with immediate feedback on results