Financial management

Topics that will be covered during the training:

• Fundamentals, role, and functions of financial management.
• Peculiarities of finance and interactions between financiers and small & medium business owners.
• Difference between P&L and Cash Flow.
• Reporting.
• Criteria for recognizing events in the financial sector: cash and accrual methods.
• Statement of financial performance — P&L.
• How to read P&L statement and draw conclusions from it.
• Balance sheet and cash flow statement.
• Basic financial ratios.
• Working capital and money cycle.
• Cash Flow analysis. How to find out what are the expenditures in business.
• Preparing a cash flow statement under the indirect method.
• Analyzing a company’s break-even point (CVP analysis).
• Marginal profitability and how to use it to justify decisions.
• Cost price formation, variable and fixed costs.
• Pricing and its impact on marginal profitability.
• Financial planning and budgeting: from plan to implementation.

The program will be useful for:

• Business owners who want to deepen their knowledge of finance and need a systemic vision on the company’s financial map;
• Department heads and managers eager to learn how to make clear and sound financial decisions;
• Non-financial professionals who need to gain or enhance the financial view on the company’s work;
• Other non-financial professionals who need a solid financial background.