Online course financial management from the online school of accounting «Finlabs»

Session 1. Mission, goals and objectives of the company

• Course structure - how we will work during the course.
• Mission, goals, objectives of the organization, using examples, we analyze the difference.
• Formation of SMART tasks.
• Determination of critical success factors.
• Identification of all stakeholders (Stakeholders) of the organization.

Session 2. Financial reporting as a diagnostic tool for a company

• Company diagnostics (performance evaluation) using financial statements.
• Qualitative characteristics of financial information.
• Forms of financial statements, a complete set of financial statements. Structure, content, relationships between reports.
• Characteristics of the main items of financial statements.

Session 3. Horizontal and vertical analysis of financial statements

• Horizontal and vertical analysis of financial statements.
• How to use the results of the analysis of financial statements.
• We will study the techniques of analysis and, using the example of individual articles, we will consider what decisions need to be made based on the results of the analysis.

Session 4. Balanced system of performance indicators of the company

• Balanced system of performance indicators as a tool for analysis and decision support.
• Financial and non-financial indicators for assessing the company's performance.
• We study the structure of the balanced scorecard.
• We consider all blocks with examples of indicators that are used for assessment.
• An example of the formation of a balanced scorecard.

Session 5. Evaluation of performance using financial indicators

• Company diagnostics (performance evaluation) using financial indicators.
• We study the financial perspective in more detail, namely, we consider the structure of financial analysis.
• Operational analysis.
• Analysis of transaction costs.
• Asset Management.
• Liquidity indicators.
• Profitability indicators.
• Capital structure indicators.
• Debt service indicators.
• Market indicators.

Session 6. Working capital management

• Working capital management.
• Working capital analysis.
• Inventory Management.
• Accounts receivable management.
• Accounts payable management.
• Payment schedule.
• Operational cycle.
• Value chain - we will consider the concept in order to better understand where it is possible to improve business processes and, therefore, to manage the RK more effectively.

Session 7. Financial planning and financial forecasting

• Financial planning and financial forecasting.
• An introduction to risk management in an organization.
• Basic concepts of risk management.
• Risk management in the organization.
• Business continuity planning.
• Market risk.
• Credit risk.
• Liquidity risk.

Session 8. Questions and Answers

• Conclusions on the course - presentation of a cross-cutting case for assessing the effectiveness of the company.
• Block with questions and answers.

Bonus package (comes with the course)

• Reporting templates in Excel. The format of management reporting with a description of articles and relationship formulas. An add-on for horizontal and vertical analysis with a set of reasons and a description of the identified changes.
• Financial Dashboard in Excel. Excel file with different groups of financial indicators, with formulas, with graphs, histograms.
• Instructions. File with the register of financial ratios - formulas, values of indicators and the value of their changes. Working capital analysis file with formulas.
• PDF Checklists. Registry for tasks and critical success factors, with SMART criteria. A list of indicators with a description of all components of the Balanced Scorecard. Procedures for managing accounts receivable. Buyer's choice checklist.
• Budget and financial plan model in Excel with formulas and comments.
• Strategic cards. Excel file for the balance sheet of the company. Registry for company risks - a risk map, linked to key indicators, linked to financial statements.