Finance for Non-Financial Managers I: Accounting, Analysis, Budget Who should attend Top managers and department managers Administrative personnel, employees of sales, marketing and IT departments, with no special education in finance and accounting Coaches.
Objectives Duration 3 days/24 academic hours/ 24 CPDunits/21 CPE credits
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 methodology Training is conducted in an interactive form and includes a number of case studies. Training participants are provided with specially designed training materials in Russian.
Finance for Non-Financial Managers I: Accounting, Analysis, Budget
Training outline
2
Day 1
Factor Analysis based on financial measures of well-known companies from different industries
Part 1. Accounting and reporting
Day 3
Principal accounting systems
Case study (continued): Analyzing the results of company operations using the financial statements completed on the first training day
Finance, tax and management accounting Generally accepted accounting principles
Components of annual financial statements
Part 3. Company’s Budget Formation
Balance Sheet as a source of information on company’s investments and sources of financing
The system of financial planning and budgeting
Balance Sheet equation Main Balance Sheet sections Balance Sheet analysis
Examples of Balance Sheet structure of well-known companies from different industries Case study: Accounting for company’s operations, using “double entry method”, preparation of company’s Balance Sheet and its analysis Income Statement (IS) as a source of information of company’s business activity Problem of revenue and expenses recognition Income Statement formats Definition of income (gross, EBITDA, operating,
EBIT, net income)
Cycle of working with information in the
management process Setting up goals and objectives for the budget
period Order of budget estimation (steps to follow) Budget analysis
Case study (continued): Formulating company’s budget based on analysis of results of company operations using the calculations made on the first and second training days Budget analysis. Development of actions aimed to achieving of the objectives set. Conclusions and recommendations Summing-up the training. Questions and answers. Feedback.
Income Statement analysis
Certificates
Examples of structure and trends of IS measures
Certificates of the EY Academy of Business.
of well-known companies Case study (continued): Preparation and analysis of Income Statement
Day 2 Statement of Cash Flows (SCF) as an instrument of cash flows management Structure of Statement of Cash Flows Methods of preparation of Statement of Cash
Flows: direct and indirect Analysis of Statement of Cash Flows Examples of structure and trends of SCF
measures of well-known companies Case study (continued): Preparation and analysis of Statement of Cash Flows Part 2. Analysis of Financial Statements Financial ratios
Place and time Open trainings are conducted at EY Academy of Business from 9:30 to 16:30.
In-company training Preliminary analysis of clients’ training needs, identification of aims and goals Training adaptation industry Flexible approach to training location and schedules Report on the training results on request.
Recommended training scheme Finance for Non-Financial Managers I Finance for Non-Financial Managers II
Return on operations (sales), profit margin
Business-planning: capital budgeting and project management
Business activity (assets turnover, working
Management decisions: costs, profits, prices
capital management) Return on assets (ROA) Financial solvency and liquidity
Performance Management Planning and Budgeting I-II
Return on equity (ROE)
How to apply? Please complete the registration form online at our web site: ey.com/cis/academy
