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Finance for Non-Financial Managers I: Accounting, Analysis, Budgeting

$
1800.00
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3 days | 24 academic hours



Training objectives
Training program Day 1
Training program Day 2
Training program Day 3

Training objectives

  • Communicate in the language of finance both inside and outside the company
  • Understand financial terms, read and analyze financial statements
  • Gain skills in budget development
  • Learn how your work and the work of your department impact the financial performance of the business

Training program Day 1

Accounting and Reporting
  • Primary types of accounting systems: tax accounting, financial accounting, and management accounting
  • Components of a company’s annual financial statements
  • Statement of Financial Position (balance sheet). Balance sheet equation and key sections of the balance sheet. Balance sheet analysis. Industry-specific structure of the Balance Sheet
Practical assignment (comprehensive case study): “double-entry method,” preparing and analyzing the balance sheet
  • Statement of Profit & Loss (Income Statement, P&L). Recognition of revenues and expenses. Different types of profit: gross profit, EBITDA, operating profit, EBIT, and net profit. Common-size and trend analysis of the P&L. Industry-specific structure of the P&L.
Practical assignment (comprehensive case study): preparing and analyzing the P&L

Training program Day 2

  • Accounting and Reporting (continued)
  • Statement of Cash Flows
  • Structure of the statement. Direct and indirect approaches to preparing Cash Flow Statement. Analysis, structure and dynamics
Practical assignment (comprehensive case study): preparing and analyzing the Cash Flow Statement
Financial Analysis of the Company
  • Financial ratios: profitability, efficiency, liquidity and financial stability
  • Profitability ratios: profit margins
  • Efficiency ratios: assets turnover, working capital management
  • Return on Assets (ROA)
  • Financial stability and liquidity
  • Return on Equity (ROE)
  • Comparative Analysis
Practical assignment (comprehensive case study): financial analysis of the company’s performance

Training program Day 3

Company Budget Development
  • Financial planning and budgeting system. Information flow cycle in the management process. Setting goals and objectives for the budget period
Practical assignment (comprehensive case study): developing a company budget
  • Budget analysis. Development of measures aimed at achieving the set goals. Conclusions and recommendations
  • The impact of management decisions on the company’s financial health
Practical assignment: qualitative assessment of the impact of various management decisions on the company’s financial ratios
  • Summary of the training. Q&A session