Financial Analysis in practice
  • Cash Management - Treasury management: - Master cash management techniques: cash pooling, SEPA, etc. - Master the nature of regulations and treatment techniques - Know and be able to use the operational levers of cash optimization - Know the banking procedures and conditions, scale of interests - Understand payment modes and know how to contribute to their development
  • 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 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.

Target audience

- Chartered Accountants, Statutory Auditors
- Financial Directors and Controllers

2 day


This training does not require any particular prerequisite.


– Understand interconnections between the various financial statements and the limits to financial analysis
– Know the key ratios used in financial analysis (financial health and performance indicators)
– Understand the key accounting mechanisms leading to deferring revenue or expense (expense capitalization, principle of matching revenues and expenses…)
– Know how to retrace and utilize a simplified cash flow statement

Detailed content

> Financial analysis and strategic analysis

– The different angles of financial analysis (credit, valuation, …)

> Objectives and metrics: profitability, solvency, liquidity

> Financial statements

– Role and purpose of the balance sheet, the income statement, the cash flow statement and the financial disclosures

> Financial structure analysis: how to interpret and utilize the balance sheet and disclosures

> Profitability analysis

– The income statement, non-recurring and tax effects
– Income statement key line item
– Margin and margin rate

> From net income to cash flow “profit is an estimate, cash is a fact”

– From EBITDA to operating cash flow
– Cash flow and free cash flow
– The cash flow statement
– Obtaining cash (factoring, sale and lease-back, leverage effect…)

> Analysis methodology

– The different steps in financial analysis
– Summary case with a multi-year financial analysis

Why should you attend?

Far from solely providing a long list of standard financial ratios to apply to all types of companies, this very hands-on training provides analysts with the keys to understanding financial statements, taking into account their line of business, their financing methods, their investment levels to make the best of available information. Following the training, participants will also be able to appreciate whether a company had recourse to accounting mechanisms to defer profit or loss or used other types of transactions to improve its financial statements.

Training methods and assessment

Presentation filled with numerous illustrations drawn from actual financial statements, and simple practical cases, to be concluded with a summarized case addressing the training’s learning objectives.
Assessment questionnaire.
A training certificate is delivered at the end of the session.

The trainer is available by e-mail and telephone to answer any follow-up questions participants may have.


1 840 € Excl. VAT – 2 208 € Incl. VAT


illustration doc de ref


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Jonathan C.