€230
+ VATLive Online
7 CPD Units | 7 Hours
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
An ability to understand the financial health and capabilities of a company is one of the most vital skills for aspiring managers, investors, and entrepreneurs to develop. Armed with this knowledge, investors can better identify promising opportunities while avoiding undue risk, and professionals of all levels can make more strategic business decisions.
Financial statements are telling a story of what happened to a company during a specific period. The story explains the financial position of the company and its changes and describes its performance, offering a window into the health of a company, which can be difficult to gauge using other means. While accountants and finance specialists are trained to read and understand these documents, many business professionals are not. The effect is a complication of critical information.
This training program will expose participants to the world of financial statements with the purpose to read the story behind the numbers presented and identify useful information about a company.
Training Objectives
By the end of the programme, participants will be able to:
Describe the context and purpose of financial reporting.
List the qualitative characteristics of financial information.
Convey the ethical principles that underpin financial reporting and specify their importance for maintaining the integrity of financial information.
Separate financial information that relates to assets, liabilities, equity, expenses and income.
Describe the main elements of financial accounting information â assets, liabilities, revenue and expenses.
List the main financial ratios that can be used to assess the financial position and financial performance of a business.
Describe the main techniques that can be used to value a business.
Identify and evaluate alternative sources of business finance.
Describe investment appraisal techniques.
Explain the importance of adhering to the accounting principles and standards in order to maintain the consistency and integrity of financial information.
Explain the main principles of financial reporting.
Perform the analysis of a financial statement and interpret financial information.
Choose effective investment appraisal techniques based on available information.
Justify investment decisions based on analysis.
Perform a proper business valuation.
Choose the most appropriate financing option for business.
Manage stakeholders' expectations
Assess the readiness of the organization to apply the requirements of the standards
Recommend solutions based on financial information analyzed
Justify the importance of properly analyzing the financial information
Justify the need of a manager to understand the financial statements
Training Outline
First Things First - Basic Accounting Principles for Non-Financial Professionals
Accounting: Information for decision making
Accounting principles and professional practice
Conceptual framework for financial accounting and reporting
How to use International Financial Reporting Standards like a pro
Non-accounting considerations that affect the value of financial statements
The primary groups who are users of financial information â who they are, what they need to know
Mastering Income Statement
The components of a classified income statement
The concept of income
The concept of expenses
Why tax expense on the income statement is not always the same as taxes paid during the year
Understand why tax expense on the income statement is not always the same as taxes paid during the year
Cost of Goods Sold - what this means to an analysis of expenses
How to determine gross profit, compare it to net profit and draw conclusions about a company's operating environment
Discontinued operations.
Statement of other comprehensive income.
How to calculate net profits or losses
Anatomy of a balance sheet
Discovering what a balance sheet is and what sets it apart from other financial statements
How accounts are classified within the balance sheet
Identifying cash, marketable securities, inventory, and prepaid expenses on the balance sheet
"Current," "fixed" and "other" assets - what they are, and how to assess their value to the company
How to recognize an organization's liquid assets
Historical cost depreciation and amortization - what the weaknesses are
The difference between short- and long-term liabilities
When liabilities can be evaluated as assets
Equity: what it is, where it appears on the balance sheet, and how it relates to an organization's liabilities
Using comparative analysis to assess an organization's financial picture over a specified period of time
Controlling cash -The Cash Flow Statement
Definition of cash and cash equivalent
Cash sources and uses
Cash Vs Profits
Presentation of cash flow statement
Other reporting requirements
Walking through a comprehensive example
Understanding and Analysing Financial Statements
What financial statements can't tell you - review the limitations of financial analysis
Using horizontal analysis to determine increases or decreases in income, profits, and expenses
How to use vertical analysis to compare individual income and expense amounts with net sales
An introduction to ratio analysis
Applying ratios to determine profitability: proven formulas for net profit margin, net operating margin, return on assets, return on equity, earnings per share, and more
Current and quick ratios - two ways to determine your organization's liquidity
A must-know formula for revealing inventory turnover and ensuring inventory management is on track
Using numerous other ratios to compare, analyse and make sense of financial data, including:
Current liability to owners' equity
Fixed assets to owners' equity
Long-term debt to working capital
Inventory to working capital
Long-term debt to total capitalization
Fixed assets to long-term debt
Operating ratio
Owners' equity turnover
Networking capital turnover
Return on investment
Exploring the use of financial ratios to analyse trends, make industry comparisons and predict financial problems
Evaluating capital investment proposals by calculating:
The present values of future cash flows
The net present values and internal rates of return
Who Should Attend
Business owners
Non-financial professionals and managers
Financial analysts
Lawyers
Bankers
Investors
Company Stakeholders
Credit risks analysts
Anyone who wants to know about financial statements.
Training Style
Illustration of key terms and concepts
Preparation and discussion of practical examples, including mini cases
The course will have both a theoretical and practical framework with real examples drawn from actual companies, local and international
Activities and Break-out groups
CPD Recognition
This programme may be approved for up to 7 CPD units in Accounting and Auditing. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Marios Mortis
Marios Mortis holds a Bachelor's degree in Business Administration with a focus on Accounting, as well as a Master's degree in Banking and Finance. He is a qualified member of the Association of Certified Chartered Accountants (ACCA). Marios has accumulated valuable experience working in various positions and companies within Cyprus's accounting, audit, advisory, assurance, and banking sectors. In the past seven years, Marios has embarked on a new and fulfilling career path in the field of education, which he finds both challenging and fascinating. He served as a Visitor Academic at a local university in Cyprus, where he taught several courses, including corporate governance and business ethics, corporate finance, corporate risk management, and audit and assurance. Currently, Marios holds the position of Trainer and Accountancy Programmes Leader at EIMF (European Institute of Management and Finance). In this role, he oversees the management of both professional and academic accounting and finance programmes. Marios has successfully designed and delivered professional training courses covering topics such as corporate reporting, tax, AML (Anti-Money Laundering), funds, forensic accounting, financial analysis, auditing, and financial workshops. Furthermore, Marios is entrusted with leading the Department of Accounting & Finance within EIMF's Academic School. He actively engages in research within the domains of finance and accounting, contributing to both academic and professional endeavors in these fields.
The invoice is issued on the day the course starts.
Payments can be made by bank transfer, cheque, or credit card.
Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.
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