Training

Finance for Non-Financial Managers: Finance Picture for Top Managers(St. Petersburg)

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 hoursProvider:Venue:St. Petersburg, Malaya Morskaya Street, 23, Ernst&Young conference roomsLanguage:Russian Coach:Irina Nikitina
Irina NikitinaIrina Nikitina

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

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


All participants will receive a certificate of attendance

In case of questions or concerns, please, contact:
Alla Hovhannissyan, AEB North-Western Regional Committee Coordinator: alla.hovhannissyan@aebrus.ru
Tel. +7-911-012-6746