14 August 2015
on course website
It is All About Money; Management Game Finance
Face the consequences of your own financial management decisions, in learning to deal with the economic risks and developments that companies in Europe face. This course is a financial management game especially designed for those (aspirant) professionals who are interested in financial decision-making processes. Participants learn how to make sound policy decisions in the field of finance. Focus will be on the interdependency of investment decisions with regard to production, marketing and finance. Support and test financial policymaking by setting up liquidity budgets, operating budgets, capacity planning and cost analyses.
Imagine working at a multinational in a rapidly growing industry and the management wants to take over a competitor. Do you know what the financial implications of this decision are? To conquer other companies, your company performs a tough competition. To improve the financial position and strengthen the position on the market, the management has to make decisions concerning production, marketing and financing. Now, what can be more fun than taking decisions on management level yourself and getting away with it?
During this course you will have the opportunity to face the consequences of your own financial management decisions by playing a simulation game. You take over the leadership of a production company and learn how to make sound policy decisions in the field of finance. Focus will be on the interdependency of investment decisions with regard to production, marketing and finance. Support and test financial policymaking by setting up liquidity budgets, operating budgets, capacity planning and cost analyses. You can follow different strategies in several rounds to see what the effect of the decision will be. After each round comprehensive reports will be delivered. Will you be in the winning team at the end of the week?
This course has a very practical approach. In teams you run a challenging simulation. In addition you follow lectures about major financial statements, marketing strategy, cash flow statement, accrual accounting, ratio analysis, depreciation, CVP-analysis, the Dutch economy and current affairs in finance and economics. This increases the ability to discuss modern theoretical knowledge and supports successful participation in the game. In the middle of the week you will visit a well-known financial institute in the Netherlands, and experience how they focus on financial stability and thereby aim to contribute to sustainable prosperity in the Netherlands.
Wondering what participants of previous years think about the course? Read the experiences below!
‘I liked the lesson of Dutch economy. It was very useful to know an economic situation of another country’ (student from Turkey).
‘It’s not only about knowledge. It’s about an opportunity to see differences and similarities at an international level’ (student from Italy).
Jelly J. Offereins
This course is an interesting challenge for students in bachelor programs such as Business Administration, Marketing and Management, who want to strengthen their knowledge of Finance. The course is also open to bachelor and master students in other fields, as long as you have an interest in finance and the financial decision-making processes. A good command of English is necessary.
This course aims to provide you the opportunity to put your decision-making competences to the test in an international, sometimes hectic environment. At the end of the course you will have experienced your own strengths and weaknesses in the field of coordinating and cooperating in an international team in general, and in financial decision-making in particular. You will have also learned to use policy instruments, such as budget and variance analysis, and how to convert strategies into operational activities.
Certificate of Attendance
EUR 655: Course + course materials + housing
EUR 455: Course + course materials
The Utrecht Summer School does not offer scholarships for this course.Register for this course
on course website