Finance for non financial

Acquiring a strong working knowledge of the main financial reports .

Contenu

1. Accounting and financial environment
the accounting principles : French GAAP and IFRS
why are the different financial standard formats need?
understand the Finance function
2. Understanding the different financial statements
the balance sheet (B&S) : net assets and capital employed, the traditionnal and the financial analysis format, definition of the profit and loss (P&L) accounts
the P&L overview : how and why do costs hit the P&L? why and how the P&L and the B&S put together?
3. Analysing the P&L
To understand the different margin levels: Gross Profit, EBITDA, EBIT, Operatin Profit, Net profit after tax…
Key concepts of financial ratios, ROS, ... : how do these factors deliver performance?
to learn from the results of competitors
Worshop : to build a financial analysis from P&L figures
4. Analysing the Balance Sheet
main accounts
the fixed assets, the working capital and net cash
two different definitions : liquidity and time, liabilities and equity
the main working capital ratios and other B&S ratios (debt ratios, ROCE, ROE…)
Worshop : to build a financial analysis through a standard firm and one being having problems from P&L and B&S figures
5. Understanding the Cash flow statement
the difference between profit and cash flow
the three sources of cash flow, retained profits, changes in assets, injection of share capital
cash flow from operating activities, from investing, from financing and the free cash flow
how to calculate and reconciliate cash flow from P&L and B&S figures?
Workshop : to elaborate cash flow statement and prepare comments. How has the CF increased or decreased over the fiscal year?
6. Identifying the main sources of finance
long term sources : equity, disposals, borrowings, loans
leverage effect
working capital : how to manage and to optimize it ? impact on asset turnover
net cash : exploring the different requirements of grants, equity and loan funder
evaluating the cost of each source of finance
Workshop : to compare two sources of finance: lease loan and borrowings
7. Investment appraisal
to define an global investment policy
to calculate costs and the performance of investments
to evaluate the Discounted Cash Flows
to use specific criteria: Return on Investment, Net Present Value, Internal Rate of Return, PAYBACK…
8. Return on capital employed
to define and calculate the capital employed
​wht does ROCE include?me
measurement of ROCE, ROE and comparison with other businesses
Workshop : evaluate an investment project
9. The different ways to evaluate firms
discounted Cash Flow
peer comparison methods
​multiple methods
transaction methods
using PER, earning per share
Workshop : to evaluate a company along with discounted cash flow and multiple methods
10. Business game (one day)
through a simulation, run a company in a virtual environment
as you are a member of the executive team; you should create value on a sustainable basis
achieving profit is the foundation of sustainable business

Objectifs


Acquiring a strong working knowledge of the main financial reports

Getting a better understanding of the main financial concepts

Understanding the financial impact of transactions undertaken in a business

Prérequis

Good level of current conversational English is necessary.
Public visé : Managers - Directors - Business Owners with little or no experience in financial matters

Diplôme visé

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Cette formation est pour moi
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