steelBusiness
Financial Management for the Steel Industry
steelBusiness enable students to learn financial management while competing in a virtual marketplace.
Learning objectives
- Define key financial concepts necessary to operate a steel company;
- Analyse the impact of business decisions on financial performance;
- Apply a business strategy in a competitive marketplace; and
- Evaluate how competitors can impact business results.
Lesson Example
Theoretical concepts are explained with short videos in plain language and using real world examples from steel industry.
Background & Topics Covered
steelBusiness is a learning tool to motivate students to know more about financial management. steelBusiness is based in the learn by doing philosophy: learning should be relevant and practical, not just passive and theoretical.
Learners have to run a business successfully in a virtual environment. They will be introduced progressively in basic concepts discovering how principles, tools and financial indicators are applied.
Some of the topics covered are:
- Balance sheet
- Current vs Fixed Assets
- Receivables and Payables
- Working Capital
- Depreciation
- Income Statement
- Variable and Fixed Costs
- Retained Earnings
- Breakeven Analysis
- Performance Measures and Ratios
- Interest and Loans
- Cash Flow vs Profit
No previous financial management knowledge is required to take these lessons.
steelBusiness Team allows the facilitator to customise the session parameters to set different scenarios and adapt to the company’s learning needs.
Course Content
Not Enrolled
Course includes
- 1 Lesson
- Business
Login
Accessing this course requires a login. Please enter your credentials below!