Reading and understanding financial statements
  • Consolidation - Know consolidation principles and methods (Full consolidation – Equity method) Know how to analyze consolidated accounts.
  • Cost Accounting and Costing - Know cost accounting, direct/indirect cost breakdown and cost calculation, activity-based costing, and activity-based management
  • Financial analysis and diagnosis - Balance sheet aggregates (FRN, WCR, Cash), net debt and financial analysis ratios. Know how to analyze financial structure, liquidity and solvency.
  • Financial disclosure and Universal Registration Document - Present half-yearly and annual financial reports, quarter ly information, and segment information. Know the content and be able to read the Registration Document
  • Financial risks: counterparty, liquidity, interest rates, exchange rates, marketable securities - Analysis, valuation, risk mapping and hedging strategy: - Counterparty risk: financial analysis and control of rating practices (internal, external) - Liquidity risk: ALM and group cash flow forecast - Interest rate risk: fixed and floating rate debt, bond issues - Foreign exchange risk: exports, imports, hedging, forward - Securities risk: dividends, acquisition and disposal of securities, trading room - Project & investment related risk Managing the identification and valuation of financial and non-financial risks
  • Financial statements and notes - Know the balance sheet, the income statement, the cash flow statement, the statement of changes in shareholders' equity, the OIC, the notes.
  • Financing through debt - Know the main LT and CT funding tools and levers, the reasons for favoring debt
  • Off-balance sheet - Off-balance sheet commitments and contingencies
  • Operating Cash Flow - Know how to calculate and analyze Cash Flow and Free Cash Flow using direct and indirect methods. Cash forecasting, steering and WCR optimization: - Know how to calculate cash flows - Know how to establish cash positions - €/currencies - Know how to calculate and interpret the main current asset turnover ratios (DSO, DPO, DII) - Know how to prepare and reconcile cash flow forecasts - Master Cash Flow and WCR optimization tools in relation to operations.

Public visé

- Bankers, Account Managers
- Financial Analysts
- Management Controllers
- Members of the Financial Communication Department
- Project Managers
- Users of financial statements

2 jours

Prerequisites

It is recommended to have a prior knowledge of Corporate Finance fundamentals, which may be acquired by attending « Corporate Finance – Level 1 (Financial statements for all) »

Objectives

– Master the concepts and tools allowing to perform a financial analysis
– Learn how to draw conclusions about the financial performance of a company

Detailed content

> Reading financial statements

– The financial cycle
– How financial statements work together: balance sheet, profit and loss, cash flow statement and notes

> Analysing the financial structure of a company

– Resources and financing needs
– Financial balance: working capital, working capital requirement, cash balance
– Financial structure ratios

> Analysing the business and profit and loss key line items

– Profit and loss key ratios: operating profit, EBITDA, EBIT
– Self-funding: cash flow, cash flow from operations, free cash flow…

> Restatement and reclassification of balance sheet and profit and loss items: lease agreements, debts, employee benefits…

> Analysing the business based on its cash flows

– Cash flow statement (operating, investing, financing)
– From net income to operating cash flow

> Available financial information and financial statements

– Benefits and limits of accounting
– Individual or consolidated accounts?
– Accounting options available to a company, their impact and interpretation

> Non-financial information and diagnosis

– Sector specificities
– Business strategy and financial diagnosis

Why should you attend?

Financial statements are a valuable source of information about companies… if you know how to read them! In two days, this training programme will teach you the vocabulary and the method to perform a simple financial analysis.

Training methods and assessment

> Prior to the session: educational videos and self-assessment quiz
> During the session: detailed technical presentation supported by examples and practical case studies. Presentation of illustrations drawn by current events and real cases encountered by companies and/or the trainer’s « on-the-ground » experience. Participants are welcome to bring financial statements to be analyzed during the training.
The numerous exchanges and interactive quizzes during the session ensure acquisition of knowledge.
> After the session: summary sheets. Post-training e-learning.
The trainer is available to answer any follow-up questions participants may have.

Price

1 630 € Excl. VAT

Médias

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Témoignages

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Jonathan C.
Entreprise
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