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Financial management - free course from the Russian School of Management, training, date: December 6, 2023.
Miscellaneous / / December 09, 2023
How to effectively manage the financial flows of an enterprise? What expenses are considered priority? How to avoid overspending? How to build an effective financial policy for a company? If you are busy looking for answers to such questions, our “Financial Management” seminar is a must-have for you.
In our training course you:
— You will understand how to wisely distribute costs and reduce risks.
— Learn what CVP analysis is and how to use it.
— You will acquire practical skills in calculating financial indicators.
— Learn to competently manage costs and cash flows of your organization.
— You will learn which methods of calculating working capital meet the goals and objectives of your company, where and how to distribute working capital.
— Learn to maintain and automate management accounting, find errors in management reports and analyze data.
Petrov Alexey Alexandrovich
44
courseACCA, 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.
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.
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.
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.
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