Outline
-An introduction to financial management for non-professionals
-The objective of financial management from the viewpoint of (owners, management, employees) and the interaction of the interests of the parties concerned.
-Definition of financial management functions.
-Preparing financial statements in accordance with international standards
-Explain the content of the financial statements
-Statement of financial position
-income list
-statement of changes in owner’s equity
-Statement of Cash Flows
-Explanation of the most important accounting standards
-International Accounting Standard No. 1 – Presentation of Financial Statements
-International Accounting Standard No. 2 – Stock
-International Accounting Standard No. 7 – Statement of Cash Flows
-International Accounting Standard No. 8 – Change in accounting -estimates, errors and changes in accounting policies
-The First Accounting Standard No. 11 – Construction Contracts Long-term investment decisions
-The administrative principles to which fixed assets and the funds invested in them are subject.
Investment decisions.
-Short-term financing decisions
-The administrative principles to which current assets and funds invested are subject.
-Working capital and its management strategies.
-Managing accounts receivable.
-Investing in inventory.
-Cash management and liquidity planning
-Long-term financing decisions
-Definition of financing structure.
-Business risk and financial risk.
-Balancing risk and reward.
-Long-term sources of funding.
-Tools and methods of financial planning and preparation of expected -financial statements
-Comprehensive budget – income budget
-Revenue budget – production budget
-Expenses budget – the investment budget
-Financial analysis tools and methods for evaluating and evaluating investment and financing decisions and results
-Financial analysis tools and methods
-Horizontal financial analysis – vertical financial analysis – financial analysis by ratios
-Methods and methods of preparing the final report of the results of financial analysis.
-Use financial analysis to forecast and plan ahead
-How to manage financial crises successfully
-Crisis Management
-Liquidity crisis
-Profitability crisis
-The investment crisis
-Funding crisis