Financial and economic strategy of the company: planning and implementation - free course from the Russian School of Management, training, date: December 6, 2023.
Miscellaneous / / December 06, 2023
The program was prepared by experts to develop the competencies of specialists in financial and economic services. During the training, you will become familiar with cost management, the use of CVP analysis for making management decisions, tools for assessing and analyzing working capital, as well as:
— Systematize modern methods of company valuation.
— You will understand what the value of a business is made up of and what methods and approaches are used when valuing a business.
— Analyze the applicability of assessment methods using practical examples.
— Master the tools for cost optimization and cost management in the enterprise.
— Understand the need for working capital to finance operating activities.
— Learn to correctly assess risks.
ACCA, MBBA, practicing auditor, specialist in tax, financial, management consulting, business coach
Practicing auditor, business coach, member of the Moscow Chamber of Auditors, Institute of Internal Auditors, Chamber of Tax Consultants of Russia.
Expert in the field of corporate finance, auditing and investment analysis.
Business broker, consultant, expert on purchase and sale transactions of small and medium-sized businesses. Successfully completed more than 48 business sales transactions.
Business broker, consultant, expert on purchase and sale transactions of small and medium-sized businesses. Successfully completed more than 48 business sales transactions.
Cost management
• Cost management and business efficiency
• Levels of cost management
• Cost classification
• Product costing
• Cost management and operational management decisions
• Cost optimization methods
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.
Liquidity management. Working capital
• Working capital management.
• Lack of working capital and overstocking. Control over inventory turnover.
• Cash flow management.
• Bank lending and financial risk management.
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.
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.