|03 11 2020 - 04 11 2020 - Warszawa||Zgłoś się|
Exclusive, intensive training course delivered in English for all people involved in finance and accounting departments who must use English in their work.
Bartłomiej Nita holds his Ph.D. in economics and financial management and works as an associate professor in the Institute of Accounting in the Faculty of Management, Computer Science and Finance at the Wroclaw University of Economics. He also studied finance and accounting at the University of Limerick in Ireland. He co-operates with a consulting firm, where he delivers advisory services for various companies and institutions. He is the author of many economic studies and restructuring programs for enterprises and institutions as well as he deals with corporate valuations for the purposes of ownership transformation and the Economic Court. In practice, he designs systems of controlling, accounting and financial management. He is also a business coach, and as a trainer explains complex issues in a clear and understandable manner with passion and commitment. In order to enhance his training competences he graduated from the School of Tutors. He delivered training programs for several Polish and foreign businesses, including Polish Telecommunication, Metsa Tissue, Axel Springer, Latex, POCH Polish Chemical Reagents, Martifer. He is also the lecturer at Executive MBA Program in Poland (Warsaw Business School) and abroad. He published more than 100 scientific academic papers and several books.
Financial managers, employees involved in finance departments, accountants, controllers, managers at all levels in organizational hierarchy, all interested in the subject.
• to explain basic financial terms and concepts in English
• to show the structure of financial statements and the most important financial ratios
• to present the procedures for cash budgeting and how to evaluate the additional funds needed amount
• to depict the techniques of managerial accounting and controlling
• to explain basic investment appraisal methods
• interactive lecture
• presentations of various examples from practice
• tutorial exercises, cases, simulations
1. Basic Financial Terms and Concepts:
a) fundamental financial terms and cost concepts – how to recognize variable and fixed costs, direct cost and overhands etc.,
b) financial accounting versus management accounting and controlling – practical consequences,
c) elements of financial statement (balance sheet, profit and loss account, cash flow statement),
d) interrelationships among different elements of financial statement,
e) key terms and concepts (EBIT, EBITDA, cash flow etc).
2. Operational Profitability Analyses:
a) evaluation of the income statement – what is the impact of the applied cost accounting system on the financial performance and profitability of a company, how can one control the financial performance?
b) variable and absorption costing – how to prepare profit and loss account statement according to legal requirements and for controlling purposes,
c) cost-volume profit analysis – how to calculate break-even point,
d) examining safety margins – how much you can reduce sales to not go bankrupt?
e) operating leverage and Financial Leverage – how do demand fluctuations affect profit and how profit changes impact on return on equity?
f) sensitivity analysis – how decisions made in other divisions (eg marketing) affect the profitability threshold,
g) budgeting as an instrument for short-term financial planning.
3. Financial Analysis:
a) financial ratios:
• liquidity ratios,
• profitability ratios (ROI, ROA, ROS),
• debt ratios,
• asset management ratios,
• market ratios.
b) the DuPont System as a comprehensive tool for investigating the reasons of financial situations.
4. Liquidity management:
a) concept and essence of financial liquidity,
b) financial liquidity measurement (static and dynamic liquidity analysis, liquidity ratios, monetary performance and cash flow structure),
c) net working capital and net working capital management strategies – how to estimate and control the net working capital demand?
d) cash conversion cycle (rotation, receivables, liabilities, inventory),
e) inventory management – how to determine optimum stock levels?
f) receivables management (trade credit policy, estimating the cost of trade credit).
5. Investment Appraisal and Management:
a) time value of money – the impact of time on the value of money,
b) different criteria used for investment appraisal:
• net present value,
• internal rate of return,
• payback period,
• book rate of return,
• profitability index.
c)risk analysis and investment appraisal.
6. Long-term financial planning in the enterprise:
a) the purpose of the business from the owner’s point of view,
b) financial planning and budgeting in the context of enterprise value,
c) methods of estimating cash flows:
• how to estimate the cash flow for owners (equity cash flow),
• how to forecast free cash flow.
d) estimating the residual value and its impact on the financial evaluation of the company and the projects implemented,
e) calculation of the cost of capital from various sources of financing – calculation of the cost of equity (transferred by the shareholders), calculation of the cost of foreign capital (loans, issue of bonds),
f) calculation of weighted average cost of capital (WACC),
g) financial projections using financial ratios.
7. Value-Based Management:
a) value drivers in management,
b) methods of corporate valuation:
• income-based approach,
• asset-based approach,
• market relative approach.
c) value Creation Measures (Economic Value Added EVA, Market Value Added MVA).
Course fee for one participant: 1790 + 23% VAT
Price includes: participation in classes, copyright course materials, coffee breaks, lunch, certificate.
Time of classes: between 10:00 and 16:00
Venue: city centers
|03 11 2020 - 04 11 2020 - Warszawa||Zgłoś się|