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www.philipkyoung.com a learning bursts workbook
Business AcumenYour Key to success
Course DescriptionWe offer Business Acumen: Your Key to Success as a self-directed course. We also offer this course
in a virtual classroom setting. In this format, we suggest the following three components:
1. A virtual class which is 4 weeks long (length is adjustable, depending on customer requirements)
consisting of three 75-minute webcasts with learners working between sessions
2. Selected assignments from our 21 Business Acumen Learning Bursts (depending on level
and learning requirements of the participants) that teach essential financial concepts and
tools of analysis. These are 8–10 minutes audio casts accompanied by a workbook of simple
explanations and practical exercises
3. A team-based business simulation exercise (exercise can also be done on an individual basis)
Objectives • UnderstandthemeaningandsignificanceofkeyfinancialindicatorssuchasReturnonEquity.
• Usefinancialanalysistomaintainfiscaldisciplineandtomakesoundbusinessdecisions.
• Recognizerevenueandprofitpotentialinbusinessopportunities.
• Manageabusiness’overallfinancialperformance(balancesheet,incomestatementandcash
flow statement).
Target Audience • Highpotentialemployeeswhoarebeingpreparedfortheirfirstmanagementrole.
• Firstlineandmiddlemanagers.
• Executiveswhoneedarefresheronbusinessacumen.
PHIL YOUNG CONSULTING1
Price Contact Dr. Phil Young at (914)238-4895
Email:[email protected]
Virtual Sessions
Webinar #1: Kickoff
1. Introduction to the Learning Burst methodology (Learning Burst 1)
2. Highlightsof“IntroductiontoBusinessAcumen”(LearningBursts2-4)
3. Assignment of additional Learning Bursts (to be completed individually in two weeks)
Webinar #2: Mid-Session Check-in
1. ReviewofkeypointsinpreviouslyassignedLearningBursts
2. Introduction to highlights of newly assigned Learning Bursts
3. Assignment of team to play the Business Simulation and creation of their presentations
Webinar #3: Simulation and Program Debrief
1.ReviewofkeypointsfrompreviouslyassignedLearningBursts
2. Board of Directors presentation and debrief of the Business Simulation
3. Wrap-up and Summary of the Course
PHIL YOUNG CONSULTING2
Kickoff Mid-Session Check-in
Simulation & Program Debrief
The Learning Bursts
The Business Simulation
PHIL YOUNG CONSULTING3
Introduction to Business Acumen1. Getting Started2.TheFinancialGoalsofaFirm3. The importance of Creating Sharehold Value4.CommonlyUsedTermsinFinance&Accounting
Cash Flow15.CashFlowvs.AccruedProfit16.TheManagementofWorkingCapital
Managerial and Cost Accounting17.Financialvs.ManagerialAccounting18. Break-even Analysis and Operating Leverage19.ManagingtheOperatingBudget20. The Cost of Capital21.MakingaBusinessCaseforCapitalSpending
How to Read a Financial Report5. Why the Balance Sheet Balances6.AccrualAccountingandtheMatchingPrinciple7.DepreciationandAmortization8. Analysis of the Income Statement
Key Financial Indicators9.AssetsandAssetUtilization10.WaystoImproveAssetutilization11.UnderstaingtheDifferentMeasureofProfitandProfitMargin12.KeyFinancialIndicators13.UnderstandingBusinessModels14.UnderstandingtheGrossProfitMarginsofyourProductMix