Finance for Non-Financiers… and More

Target Audience:A wide range of managers at a Russian or an international corporationDuration:2 days, 16 hoursProvider:НОЧУ «АИБЭк. Американский институт бизнеса и экономики»Venue:AEB office, Moscow, Krasnoproletarskaya ul. 16 bld. 3, entrance 8 (4th floor), nearest metro station - NovoslobodskayaLanguage:RussianCoach:Konstantin Kontor
Konstantin Kontor Konstantin Kontor

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
− Discuss the methodology of decision making by major financial stakeholders
− Understand the role and functions of accounting in the analysis of financial position and efficiency of companies and projects
− Learn how to analyze the financial position of a company on the basis of financial statements and ratios
− Study the meaning of major concepts and terms of modern corporate finance
− Understand the core methodology of valuation of investment projects and companies
− Gain an overview of the role of capital markets and financial institutions in project financing
− Discuss useful pieces of advice in dealing with financial institutions at a corporate and personal level.

Training program
Finance is everywhere, sometimes, against our will. It plays an extremely important role and influences specialists in other areas – marketing, sales, HR, project management, operations etc. The core of this influence is based on the fact that financial stakeholders – shareholders, debtholders, and top management – play the key role in modern corporation’s decision making and strategy implementation.
That is why all corporate managers would benefit from the understanding of how these decisions are made and what information is used in this process. This training is devoted to the review of the main financial indicators of a modern corporation and major concepts used in investment decision making.
During the first day we review the basic concepts of financial and managerial accounting as major tools of the analysis and assessment of the company’s financial position and efficiency.
The second day covers the major concepts and terms of corporate finance, key parameters of financial efficiency, methods of valuation of investment projects and value creation mechanisms at a modern corporation, as well as the overview of the role of real capital markets and financial institutions.
No prerequisites or relevant experience is expected. At the same time, the participants will gain insight into many important financial issues, and will understand major concepts and practice of modern finance no worse (and, in some cases, even better) than finance professionals. They will also get useful advice as to how to deal with financial institutions at a corporate and individual level more efficiently.

Topics that will be covered in the course:
− Basic concepts of financial accounting
− Accounting for current assets – examples
− Specifics of accounting for operational assets. Depreciation
− Long-term liabilities and equity as sources of capital
− Analysis of financial statements and ratios
− The nature and use of managerial accounting
− Behavior of costs. Fixed and variable costs
− Measuring direct costs. Allocation of indirect costs
− Activity-based costing, ABC
− Relevant costs
− Fundamental financial concepts – the opportunity cost of capital, NPV, IRR, risk and return, diversification etc.)
− Key parameters of financial efficiency (ROTA, ROCE, ROIC etc.)
− Value creation in project and companies (EVA, MVA)
− Risk and return – a closer look (random variables, correlations, β, CAPM, CCC)
− Real capital markets and problems caused by private information
− Moral hazard and adverse selection
− Major financial institutions and their role in project financing
− Capital markets structure in developed countries and in Russia
− Bank regulation and reform

Methodology of training delivery
The training is structured as a practical facilitated dialogue, with exercises, questions and answers, as well as the analysis of participants’ and instructor’s experience.