Financial management for non-finance professionals

  • Accounting principals and conventions.

  • Financial statements.

  • Budgeting and forecasting.

  • Cash Flow.

  • Financial modeling.

  • Investment decisions.

Budgeting for small and medium size businesses

  • The relationship between Budgeting, Planning and Actual Results Analysis.

  • Budgeting Methodologies.

  • Forecasting.

  • Variance Analysis.

  • Usefull Tools.

ERP Implementation - risks and useful tips.

  • ERP selection.

  • Contractor selection.

  • Inherent ambiguity and uncertainty (contracting stage).

  • Implementation stage tips.

  • Go-live tips.

  • Support tips.

Eight Steps to control your business through finance.

  • Start with goals.

  • Financials and other reports are tools.

  • Management vs Statutory reports.

  • Step 1 - Management Reports.

  • Step 2 - Lead and Lag indicators.

  • Step 3 - Financial Model.

  • Step 4 - Plans that you really need.

  • Step 5 - Actuals vs Plans.

  • Step 6 - Analyze BS and CF, not only P&L.

  • Step 7 - Take actions!

  • Step 8 - Never stop improving.

Small and medium investment decisions

  • Steps in capital budgeting.

  • Types of cashflow.

  • Tax considerations.

  • Capital budgeting methods.

  • Inflation.

  • Risks.

Financial Modelling made simple

  • What is financial model?

  • Where can we use financial models?

  • Types of financial models.

  • Tools for financial modelling.

  • Who should build financial models?

  • How to build financial models (practical guide and excercises.

Internal Control as an integrated system

  • Corporate governance.

  • Internal Control definition and three main tasks.

  • Five principles of Internal Control.

  • Internal Control components.

  • How to diagnose Internal Control system.

  • Fraud prevention

  • Internal Control for IT.

Six Steps to manage your cash.

  • Build a free cash flow model.

  • Do a monthly cash budget with at least three scenarios.

  • Prepare action plans for each scenario.

  • Calculate your cash cycle in days.

  • Build a rolling cash budget.

  • Analyze your actual cash flow vs budget every month and take actions on the results.

Risk management

  • Definition of Risk.

  • Types of Risk.

  • Risk management process.

  • ERM.