Financial director - rate 65,500 rub. from Russian School of Management, training, date November 28, 2023.

Ph.D., Staff consultant to the Moscow Government on optimization of business processes and development of IT infrastructure.

Expert, consultant. Certified internal auditor. Honorary member of the International Compliance Association. Experience in retail and FMCF as Head of the Internal Audit Service and Financial Director - more than 18 years.

01. Organization of financial, economic and accounting services
• CFO of the new era - how we make decisions and what they should be like in our organization.
• Financial and economic service – structure, goals, role and place in the organization.
• Functions and products of financial and economic service departments – what and for whom we create in order to benefit the organization.
• Fundamentals of Internal Control – an effective tool for managing the organization’s activities (COSO Model).
• Fundamentals of Risk Management – ​​creating and protecting organizational value: COSO ERM 2017 and ISO 31000:2018.
• Fundamentals Compliance is the basis for the success and sustainable development of an organization and ethical business conduct (ISO 37301:2021).
• Basics of Corporate Fraud – how not to lose what we create.
• Cycles of accounting operations and components of working capital - business process diagrams, internal control systems and management systems, fraud risks, compliance and ethics of business relations.
• Effective communication - why it is important for financial, economic and accounting services and other departments of the organization. Financial service employees – what competencies they need.
• Basics of the Balanced Scorecard – how to use indicators to manage a company and its divisions.

02. Effective budgeting system
• Implementation of a budgeting system in the company. General budgeting cycle.
• Budget structure of the company. Financial Responsibility Centers (FRC).
• Step-by-step implementation of a budgeting system in the company. Budget analysis techniques.
• General budget structure of a manufacturing and trading company.
• Application of Unit economics in the development of budgets.
• Application of Direct-costing methodology in budgeting.
• Formation of a budget for income and expenses using the reverse method.
• Identification of infrastructural limitations of the business development model.
• Formation of a cash flow budget.
• Determination of the profit zone during budgeting.
• Formation of a forecast balance.
• Regulations for operational budget planning

03. Management of risks
• Basic requirements for the risk management system.
• The concept of three lines of defense.
• Components and principles of the risk management system.
• Participants and main elements of the risk management system.
• Identification and formulation of risks.
• Expert methods for identifying risks.
• Risk analysis and assessment.
• Development and implementation of risk management measures.
• Internal documents in the field of risk management.
• Risk reporting forms.

04. Working capital management
• Improving company efficiency through working capital management.
• Analysis of the efficiency of using the company's current assets.
• The relationship between the financial (monetary) cycle and the level of working capital. Management of the company's financial cycle.
• An example of increasing company efficiency through optimization of the financial cycle.
• Analyze the company's ability to generate cash flows based on its cash flow budget.
• Calculation of the company's working capital needs.
• Company cash management. Ensuring balance sheet liquidity and solvency.
• Accounts receivable management. Use of factoring.
• Cost of working capital financing.
• Example of calculating the cost of financing net working capital.

05. Business value management and valuation of small and medium-sized businesses in Russia
• The concept of value-based management. Basic concepts.
• The value of public companies and the value of medium and small companies. Comparative analysis. Value multipliers.
• Value creation factors for small and medium-sized companies in Russia.
• Analysis of cases of created and not created value of small and medium-sized companies.
• Economic effect from mergers and acquisitions.
• Concept of economic profit. Economic profit as a condition for creating business value.
• Business valuation. Basic approaches and methods.
• Business valuation. Income approach.
• Reasons for selling small and medium-sized businesses, peculiarities of behavior of sellers. Risks when selling a business.
• Preparation for the sale of small and medium-sized businesses. Stages of the transaction. Financial and legal schemes of transactions.