Accounting and Finance for Managers

Managers and executives without an accounting or financial background (e.g. engineers, lawyers, doctors,...) who wish to:

• Deepen their knowledge of accounting, finance, budgeting and controlling
• Manage their professional activities more effectively
• Become more competent and self-confident in the field of accounting and finance
• Ask the right questions of other professionals (e.g. accountants, banks, etc.)

At the end of the training, the participant will be able to better understand:

• Accounting and finance terminology
• Practical links between accounting and budgeting
• The importance of their personal contribution to budgeting
• Key figures, ratios and dashboards

Balance sheet, P&L statement and notes

• What are the basic legal principles?
• What are the elements of an annual report?
• How are balance sheets and P&L statements structured?
• What information can be found in a balance sheet and P&L statement?
• What are the rules for valuing balance sheet positions?
• What important company values are not found in a balance sheet?

Ratios and key figures: what they contain and how to interpret them

• Different types of earnings (EBIT, EBITDA, OCF, etc.)
• Different categories of assets and liabilities
• Solvency
• Liquidity
• Cash flow
• Return on investment (ROI)
• Return on equity (ROE)

Budget planning

• Introduction and importance of budget planning
• Overview of fundamental principles;
• Key definitions
• Overview of tools.

At the end of the training, the participants will receive a certificate of participation delivered by the House of Training.