Financial management and financial analysis - free course from the Russian School of Management, training, date: December 6, 2023.

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.

MBA teacher at Russian School of Management. Expert in financial management, budgeting and analytics. Implemented more than 100 consulting projects.

Business consultant, teacher of financial disciplines. Expert in optimizing management systems, setting up management accounting and budgeting.

Business analysis: key users, questions, reporting forms. Profit and efficiency analysis
• Business analysis: key users, questions, reporting forms. Profit and efficiency analysis
• Cash flow and efficiency analysis
• Types of analysis and their applicability. Key indicators of profitability and profitability
• Indicators used to analyze the market, customers and business processes
• Personnel analysis. Analysis of the Cost-Volume-Profit relationship (C-V-P analysis)

Management of risks
• Risks in modern business. Qualitative and quantitative understanding of risks. The positive and negative side of forecasts. Managing flexibility (reactive and proactive).
• Business process risks and asset risks. Classification of assets for risk purposes.
• Risk management culture. Evolution of the risk management system. Major business failures caused by inadequacy of risk management systems. Development of new approaches to risk management regulation.
• Risk map as a tool for risk analysis and control. Examples of mapping for various industries. Risk register of a manufacturing company. Compiling a database of risk events that have occurred.
• Development of a risk management strategy.
• Anti-risk measures: passive and active.
• Internal control. Coso model.
• Financial risks. Exchange rate volatility. Risks in global financial systems. American and European attitudes towards risk control measures. Tighter regulation.
• Risk assessment. Quantitative risk analysis. Risk analysis, their prioritization. Diversification of risks.
• Risk and return. Risk statistics. Beta coefficient. Risk-free return. CAPM model.
• Process risk management with analysis of consequences and causes.

Justification and evaluation of investment projects
• Introduction to investment analysis.
• Project time frame.
• Time value of money.
• Return on investment, determination of the project discount rate.
• Procedure for evaluating investment initiatives.
• Strategic rationale for the project.
• Project implementation plan as the basis of the financial model.
• Indicators of economic efficiency of the project.
• Sources of financing and their impact on project performance.
• Analysis of project risks, making decisions on investments taking into account risks.

Management accounting: practice of application
• Concept, types and place in the economic system of the company.
• Objectives of management accounting.
• Basic components of a management accounting system.
• Interface of management accounting systems with the accounting system. Management accounting technology.
• Documentation in management accounting.
• Creation of an adequate reporting system.
• Creation of internal regulations governing management accounting.
• Control over management accounting.
• Ways to improve the efficiency of the management accounting system.
• Why is management accounting a CFO's problem? Automation.