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Online Development Programme on Finance for Non-Financial Managers

Finance Economists, Finance

About the Programme

Knowing the basic principles of financial accounting and understanding key business performance indicators is the way to the success of making economically-based managerial decisions. Therefore, today almost every leader faces the need to obtain basic knowledge and tools in finance.

EBA Management Development Centre together with Mykhailo Kolisnyk is launching the Online Development Programme on Finance for Non-Financial Managers that allows you to get understanding and tools for analysis, forecasting, planning and control, assessment and management of key performance indicators and financial indicators of a company or a project.

Each module is provided with examples or cases that will help participants clearly understand the material and experience the knowledge in practice.

TARGET AUDIENCE

  • Top-managers and non-financial managers who wish to increase the effectiveness of managerial decisions
  • Employees of sales, marketing, HR and IT departments who do not have special education in finance and accounting, but are involved in reporting and budgeting.

What skills and knowledge you will acquire:

Module 1. Accounting and reporting as decision-making tools

 Company strategic goals

  • Strategic goals and KPIs of the company / division. Measuring activities and performance.
  • Value-Based Management to improve strategic and operational decisions
  • The concept of business value
  • Managing the value creation process
  • Criteria for value creation (MVA and EVA).

Accounting and reporting

  • Financial, tax, management accounting
  • Annual financial report
  • Balance sheet – main sections and analysis
  • Balance sheet – case study
  • P&L – profit and loss statement analysis
  • Profit definition: gross, operating, net profit, EBIT and EBITDA
  • P&L – case study
  • Cash flow statement – structure and analysis

Financial statement analysis

  • Profitability ratios
  • Liquidity ratios
  • Turnover ratios
  • Financial stability ratios

Module 2. Budgeting and investment assessment

Company planning and budgeting

  • Types of budgets and their purpose
  • Algorithm for budget calculating
  • Budget analysis and execution
  • Case study on budgeting

Investment project modelling

  • Long-term managerial decisions
  • Determination and calculation of the project relevant cash flows, considering inflation and taxes
  • Discounting method
  • Project business plan: structure, requirements, recommendations

Assessment of investment projects and decision making

  • Investment performance criteria and project cost estimation (PP, ARR, NPV, IRR)
  • Identification and accounting of non-financial factors affecting long-term decisions
  • Investment feasibility decisions
  • Business plan development and evaluation – case study

Trainers

1 / 1
Mykhailo Kolisnyk
Ph.D. (economics), president at CFO Ukraine, Managing Partner at FINART Smart Solutions (FASS), holds corporate and open executive development programs in Finance and heads corporate consulting projects, in particular those dealing with enterprises’ financial restructuring, an instructor for courses “Financial Accounting”, “Management Accounting”, and “Financial Management”, his past internship experience includes Wayne State University (Detroit, MI), Copenhagen Business school, Danish consulting firm Dansk Management Forum, IMTA, IEDC, Maastricht University (Maastricht, Holland).
Mykhailo Kolisnyk

You can send a question to:

Contact person:

Лілія Ямборак

Contact
+380 (67) 218-27-41
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