Economist-financier - 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.

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

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.

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)

Financial model
• Management Accounting.
• Unit economics.
• Three main forms of financial model.
• Profit and loss statement (P&L).
• Revenue.
• Costs (fixed and variable, direct and indirect).
• Objectives of the OPU.
• Filling out and maintaining the Operating Procedures.
• Profitability.
• Types of profit.
• Filling examples.
• Balance sheet (BB).
• Balance goals.
• Assets and liabilities.
• Liquidity.
• Filling examples.
• Cash Flow Statement (CFS).
• ODDS objectives.
• Financial planning.
• Payment schedule.
• Operating activities of the company.
• Investment activities of the company.
• Financial activities of the company.
• Filling examples.
• ROE is the main indicator for the owner of the company.
• Typical errors.
• Templates, examples, formulas and their analysis.
• Recommendations and life hacks from personal experience.

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.

Treasury Department
• Treasury system: organization, automation and functions.

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

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.

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 planning
• Target audience of the business plan.
• Summary of the business plan.
• About insiders.
• Company description – mission and values.
• Company description – history and current position.
• Description of the company – organizational structure.
• Company description – business model.
• Description of the market and environment.
• Description of competitors.
• SWOT analysis.
• PESTLE analysis.
• Strategic planning.
• Typical mistakes in strategic planning.
• Operational plan.
• Sales (distribution).
• Implementation of the plan.
• Description of risks.
• Financial plan.
• Description of the command.
• Investment memorandum.
• Analysis of additional materials and links.