Business Financial Statements - Code BFS
| Objective |
: |
To provide an understanding of key financial issues in business organizations and a framework for basic analysis of business performance indicators for business managers. |
| Audience |
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Participants are likely to be non financial executives of other management disciplines but with cost center or profit center responsibilities. |
| Methodology |
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Participants would be led by a combination of topical introductions with situation analyses and self discovery exercises. |
| Duration |
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2 days |
Course Outline
| I. |
Objective & Usefulness
a. Economic Value of Information
b. Transparency & Disclosure
c. Recognising Financial Information
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| II. |
The Financial Statements & Information
a. Structure and content of the income statement
b. Structure and content of the balance sheet
c. Structure and content of the cash flow statement
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| III. |
Financial Performance Indicators
a. Profitability: Profit Margins, Risk Return & their measures
b. Liquidity: Cash Flow Adequacy, Working Capital & Liquidity Risks
c. Solvency: Financial Risk, Policies & measures of Solvency
d. Management: Asset Management & Asset Quality |
| IV. |
Creative Accounting & its impact
a. Year end window dressing
b. Identifying Creative Accounting
c. Determining Financial Impact
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