2 days





Financial management [Lviv]

About the programme
Insofar as financial arguments play a key role in the decision-making process or in negotiations with counterparties, Lviv Business School (LvBS) at the Ukrainian Catholic University invites you to join our programme in financial management and acquire skills required to leverage such financial arguments in everyday work and in communications both with financial and non-financial specialists.
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Participants will study the basic principles of financial management, as well as master financial planning and budgeting.

• They will enhance both professional and personal financial literacy.

• Participants will immerse themselves in the world of finance for 2 days.

• They will acquire the financial skills necessary for making sound management decisions.

• In this course, the participants will work on live practical cases (in teams).

• The presentation of financial material is easy to perceive.

All the participants will receive the Lviv Business School of Ukrainian Catholic University (LvBS) program completion certificate.

Program curriculum

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.


For whom

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.




Khrystyna Horna
Learning & development manager
  • +380 67 672 5800
  • khorna@lvbs.com.ua