Enhancing Financial Awareness Through a Business Simulation Training Program

Introduction
In today’s competitive business landscape, understanding financial statements is not just a mandate for management but a necessity for all employees, irrespective of their roles. Recognizing this vital need, Riskill has unveiled an innovative training program known as the "Business Simulation Training Program." This program adopts a gaming approach to immerse participants in simulated business operations, where they can grasp the significance of financial figures and effectively interpret key financial statements.

The program is designed to allow participants to experience firsthand how their decision-making impacts financial outcomes. This experiential learning aims to dismantle anxieties related to numbers and nurture a perspective that connects actions on the ground with tangible profit outcomes.

The Need for Financial Acumen in the Workplace

Overcoming Psychological Barriers

In an era where financial comprehension is imperative for business success, employees often struggle with financial statements like Profit and Loss (PL) statements and Balance Sheets (BS). Traditional classroom instructions fail to robustly connect theoretical lectures to real-world applications. This disconnection can prevent employees from viewing these financial concepts as relevant to their roles, ultimately hindering their performance.

Risks from a Lack of Business Perspective

When employees do not recognize how their tasks affect corporate financial health, it could lead to a poor understanding of costs or misjudgment around cash flow management. Increased awareness of how inventory management impacts cash on hand exemplifies the necessity for companies to foster a sound business acumen throughout the organization.

Overview of the Training Program

Training Title

Business Simulation Training Program

Target Participants

- All employees including new hires, junior staff, mid-level employees, and management.

Skills and Objectives to Be Gained

The program’s primary goal is to help participants understand the structure of PL and BS through the lens of a business simulation. Here are the skills targeted for development:

- Comprehension of the basic mechanisms of Profit and Loss and Balance Sheets
- Experiencing the impact of business decisions on financial statements
- Understanding the relationship between inventory and cash as well as the significance of funds

Training Features

1. Revisiting Basic Mechanisms of Financial Statements
Participants will dissect the core concepts of PL and BS to systematically understand the role of figures in a business context.

2. Experiential Learning through Simulation
The gaming aspect enables participants to make decisions that reflect how changes in sales or costs affect financial documents. This hands-on approach solidifies understanding through real-time feedback.

3. Understanding Inventory and Cash Relationships
By examining the balance between cash and inventory, participants will develop a foundational healthy business mindset to avert risks of insolvency.

Extracts from the Curriculum

1. Overview of Financial Figures and Games
- Importance of acquiring financial knowledge
- Introduction to Profit and Loss and Balance Sheets
- Understanding inventory and cash flow relationships

2. Practical Simulation Game
- Preparations for the game including product info, pricing, fixed costs, sales mechanisms, expansion rules, and conditions for game termination
- Engaging in the simulation game

3. Reflection on the Game and Sharing Insights
- Harnessing financial figures for strategic decision-making
- Developing an actionable plan based on skills acquired during the training

About Riskill

Flexible Training Management and Robust Support Systems

Riskill specializes in facilitating diverse training themes, including business games, ensuring high-quality training led by instructors with extensive business and lecturing experience. All necessary training materials are dispatched to participating organizations, significantly reducing preparation time.

Transparent Pricing Structure

Riskill’s business training sessions are offered at a uniform, clear pricing model. Estimates can be generated based solely on expected training duration and number of participants. Furthermore, changes to participant numbers, training content customization, and transitions to online formats incur no additional fees. Riskill is accessible for conducting training across Japan and online.

With the Business Simulation Training, Riskill is dedicated to equipping companies with the financial acumen vital for thriving in today's business environment.