Training

Finance Picture for Top Managers

Target Audience:Top managers and department managers. Administrative personnel, employees of sales, marketing and IT departments, with no special education in finance and accounting.Duration:2 days, 16 ac. hoursProvider:Venue:AEB office, Moscow, Krasnoproletarskaya ul. 16 bld. 3, entrance 8 (4th floor), nearest metro station - NovoslobodskayaLanguage:RussianCoach:Elena Zhukova
Elena ZhukovaElena Zhukova

Terms and Conditions

– The deadline for registration & payment is usually 5 days before the starting date of the course;
– Those who do not register and pay by the deadline will not be allowed to participate in the training;
– All payments are to be made by bank transfer;
– Once registration is closed, the fee is non-refundable.

 Training objectives and advantages
 To familiarize participants with the main aspects of accounting
and financial management, such as principles of financial statements and budget formation, cash flows and income management
 To demonstrate to participants how financial information is analyzed, how it is vital for making management decisions
 To train participants to effectively work with company’s financial statements
 To exercise practical skills for forming budgets

Training program
Day 1
Indicators reflecting the growth in market value of business. Their purpose and interrelation
► Acquaintance with market value growth “philosophy” and financial rations that reflect susses of company’s strategic decisions: Market-to-Book, ROE, PE
► Business growth and business risks reduction concept

Financial statements of the company: similarities and differences in tax, financial and management reporting
► Users of the company’s reports, their objectives and interests
► Components of financial statements, purpose of IFRS, US GAAP and RAS. Basic concepts of financial statements and their use

Balance sheet as a source of information on company’s investments and sources of financing. Assets and liabilities structure analysis, and analysis of balance sheet accounts’ behaviour

► Purpose and structure of balance sheet
► Industry specificity of balance sheet.

Case study – analysis of “THE COMPANY’S” balance sheet and identification of positive and negative trends

Income statement as a source of information of company’s revenue and expenses. «Value chain» concept. Analysis of revenue expenses and income
► Purpose and structure of income statement (IS)
► Understanding of income: operating, EBITDA/OIBDA, EBIT, net income. Their definition and use
► Industry specificity of income statement.

Exercise and discussion: analysis of OJSC «THE COMPANY» income statement accounts, their structure and trends. Identification of positive and negative trends

Day 2
Statement of cash flow as a source of information on cash inflows and outflows. Analysis of structure and trends of company’s cash flows
► Understanding the difference between income and cash flows
► Cash flows from operating, investing and financial activities, the concept of «Net cash flow»
► How SCF differ for companies return on assets that are in different life cycle stages.

Exercise and discussion: analysis of OJSC «THE COMPANY’S» SCF accounts, their structure and trends

The company’s (ROА) and its growth factors. ROА calculation and analysis
► Return on assets as a basis for growth of Return on equity (ROE) of the company
► ROA factor: return on sales and assets turnover
► Industry specificity in returns

Exercise and discussion: calculation of ROA of OJSC «THE COMPANY» identification of positive and negative trends

ROE – one of the most important indexes which measure the company’s effectiveness
► The main factors influencing ROE: return on sales, assets turnover, financial leverage

Exercise and discussion: calculation and analysis of OJSC «THE COMPANY» ROE factors, identification of positive and negative trends

Market value of shareholders, capital
► The company’s effectiveness and its «market value» - interrelations
► Financial ratios: Market-to-Book, ROE, PE
► Business growth and business risks reduction concept

Summarizing case study: assessment of the impact of managerial decisions on the business value growth
► Work in mini-groups. Assessment of the impact of managerial decisions on: (1) balance sheet (2) income statement, (3) return on sales, (4) return on assets, (5) financial leverage, (6) return on equity (ROE) , (7) business risks (8) and as a result – on the market value of equity of the company

Conclusions. Recommendations on the search for methods of improving performance efficiency

Methodology of training delivery
Training is conducted in an interactive form and includes a number of case-studies.Training participants are provided with specifically designed training materials in Russian language