SMART Financial Statement Analysis for Senior Executives

SMART Financial Statement Analysis for Senior Executives is a one-day workshop which aim to provide fundamental knowledge of accounting and finance for senior executives in marketing, operations, HR & IT, entrepreneurs, CEO and self-employed professionals with non-finance background.

It demystifies finance by explaining simply and clearly what the key financial statements mean, how they work and relate to each other and how to apply key management ratios to evaluate the strengths and weaknesses of the business operations.

Objective

By the end of the course, learners will be able to understand:

• The Nature & Role of Accounting

• Desirable Qualities of a Financial Report

• Accounting as an Information System

• Financial & Management Accounting compared

• Fundamental Accounting Policies, Concepts and Assumptions

• Objectives of Financial Statements

• User groups & their areas of interest: Internal & External Stakeholders

• Essential financial analytical techniques to examine the performance of the business

Outline

Basic Financial Statements

• Balance Sheet

• Current assets

• Fixed assets

• Liabilities

• Shareholders’ funds

• Capital employed

• Net worth

• Working capital

• Long & short balance sheet analysis

Profit & Loss Account

• Timing adjustments

• Distribution or appropriation of profits

Cash Flow Statement

• Operating cash cycle

• Relationship between depreciation & cash flow

• Non-operating cash outflows & inflows

Interpreting Auditors’ Reports

• Objectives & scope of audit

• Reasonable assurance

• True & fair view

• Auditors’ opinion:

Unqualified, emphasis of matters, qualified, disclaimer, adverse opinion

• Analysing Performance of an Enterprise

• Liquidity Ratios

• Profitability Ratios

• Solvency Ratios

• Asset Management Ratios

• Stock Market Ratios

Who Should Attend

Senior executives from Marketing, Operations, HR & IT, Entrepreneurs, CEO and self-employed professionals, including anyone who need to analyse financial statements

Methodology

This course will be conducted in a conducive environment where quizzes and group work will be used to reinforce learning. Illustrations and real-world examples from the trainer and participants experiences will be shared during the course. Published accounts of public-listed companies will be used to facilitate.