| Course Overview & Target Audience
This course is designed for non-financial, senior business executives in Macedonia but who have regular contact with financial executives and who need to develop an understanding of finance and accounting in their professional roles. The course therefore strives to develop a general understanding on how your decisions and actions affect your company profitability and cash flow. It has been designed to reflect the current financial and economic situation facing companies in the local market.
The course will be held on: 08.06 (online) and 10-11.06 (in-person)
We also provide an online, one day foundation course in finance for those delegates who would like to attend this course, but who have very little or no experience in finance. Information on that course can be found below.
How is this course different?
In addition to covering fundamental concepts in finance, the course will provide delegates with a comprehensive understanding of how funding decisions have an impact on the value of the organisation and will complete the course with the ability to integrate financial measures into their business decision making. This is highly applied course that will allow delegates to apply immediately their new technical knowledge directly to their professional responsibilities.
Training methodology:
The training methodology will be a mix of formalised technical sessions applied to case study problem solving through intensive workshops. This will bed in the knowledge learned by the delegates. The workshops are designed with active delegate participation to solve the financial challenges faced in each corporate case study.
Course Objectives:
By the end of the course, the delegates will have a detailed and applied understanding of:
Developing an understanding of core financial and accounting principles;
The importance of budgeting in terms of financial control in business
Using the company’s financial statements to develop your business area
Understanding and applying key financial ratios and drivers to assess the performance of your business area and its value added to your company;
What is meant by EBITDA and why is doesn’t spell cash flow
Reviewing the importance of liquidity, working capital and cash flow management in business and its importance over profitability
Modelling a 13 week cash flow forecast to ensure the smooth operation of your business line.
The avoidance of overtrading and its impact on liquidity;
Using the Cash conversion cycle to calculate your short term financing needs
Detailed analysis of the cash flow statement and its central use in forecasting the company’s ability to repay debt.
Day 1
Session 1 – Introduction to Corporate and Financial Objectives
Session 2 – Introduction to the Financial Statements and the Income Statement
Session 3 – The Balance Sheet
Session 4 – The Balance Sheet – Ratio Analysis
Day 2
Session 1 – Working capital management and its impact on company liquidity
Session 2 – The Cash Flow Statement
Session 3 – Creation of the Cash Flow Statement
Session 4 – Cash Flow workshop
Foundation course in finance for non finance executives
One day online course: 9am – 4.30pm :
For delegates that would like to attend the main two day, Finance for Non Finance Executives course but who have very little experience in finance, we also offer a Foundation course in finance. Having completed this course, the delegate will be in a strong position to attend the two day Introduction to Finance course where we will build on a number of the key financial conepts introduced on this foundation course. The content of this course is presented below:
Course Objectives
Introduction to fundamental concepts in finance
The aims of shareholders and interests of lenders
The importance of planning and budgeting for the long-term success of the company
Different types of budgeting and how we can use budgeting in finance to implement control
The difference between debt and equity financing
When different types of capital (debt or equity) is suitable for a company’s development
The concept of profit and why this is different to cash
Why shareholders are interested in profit maximisation but only within a specific risk profile.
How company’s decide dividend payments
The impact of taxation on company performance and profitability.
The accruals concept in accounting and how it creates profit
Why cash is king in business and profit is secondary.
An introduction to the main financial statements, their use individually in financial assessment and how the financial statements can be used together to provide a holistic view of the company’s performance.
An introduction to financial accounting and its principal concepts in contrast to Management accounting.
Course Methodology & Timing
This online course will be delivered through a highly interactive online platform through which delegates will work in project teams to provide solutions to case study questions and examples, consolidating the financial concepts covered during the course. The programme for the online training will run as follows:
Session 1 – Introduction to Fundamental concepts in Finance
Session 2 – The importance of capital in the development of the business
Session 3 – The importance of cash and the concept of cash flow for the business development
Meet the lecturer
Juan Gamecho – Finance Trainer
Juan is a British professional banking and finance trainer and the managing partner of JBS Training, who for 20 years has been training banking students in finance, credit analysis, debt restructuring and loan workout, as well as in corporate business diagnostics and development. He has been providing training programmes in Corporate Credit Risk Analysis, Cash Flow forecasting and debt structuring, Early Warning Signals and Debt Restructuring in South Eastern Europe and the MENA region for nearly 20 years. Juan has been training a wide range of professional bankers in the Balkan region since 2003 and has established a strong working relationship with many banks across the region.
In parallel to his lecturing career, Juan has a 30-year career in banking and finance initiated in the City of London with Hill Samuel Bank, NM Rothschilds, Charterhouse Bank and the European Bank for Reconstruction and Development.
Juan currently acts as a Senior Investment Partner in HBRD Capital, a London based Investment Management company specialising in raising seed capital through to Series A and Series B financing for SMEs across a wide range of sectors. Juan has a wide range of different sector expertise including medical technology, agricultural technology, Fin Tech, general manufacturing, steel and aluminium process production, food & beverage industries, including food processing companies, soft drinks manufacturers and breweries as well as transportation, shipping & aircraft finance.
Following graduation from Business School in Economics and Finance in the United Kingdom in 1991, Juan joined the Government of Slovakia as an Economic and Political Adviser to the Slovak Prime Minister.
Price:
799 EUR + VAT
For 2 or more persons from the same company, contact us at info@m6.edu.mk
The course will be held on: 08.06 (online) and 10-11.06 (in-person)
This activity is co-financed by M6 Educational Centre and the Government of Switzerland through the Swiss project “Education for Employment” – E4E@mk implemented by Helvetas.