• The role and importance of finance in the company
  • Tasks of the financial ring
  • What information can be obtained from the company’s balance sheet, components of the balance sheet
  • What information can be obtained from the profit and loss statement
  • How to calculate the profitability of the company
  • Meaning of profitability ratios and calculation mechanisms (EBITDA, EBIT, ROE, ROA, operating profit, net profit)
  • How to determine the selling price of products
  • Pricing methods and best practices
  • Why Break-Even Analysis is Important
  • Overview of income tax and accounting principles
  • Overview of VAT tax and calculation principles
  • Income and property tax overview and calculation principles
  • Overview of business forms of business
  • Cash Flow Structure
  •  Forms of Cash Flow (direct and indirect)
  • Importance of cash management for business
  • Assessment of the company’s current financial situation through key financial indicators
  • We will go through how to assess the company’s risks
  • Analysis of the company’s liquidity
  • Analysis of the working capital of the company
  • Importance of operational cycle of money and effective management mechanisms
  • The importance of the budget for the optimization of the company’s expenses
  • Budget preparation methods
  • Classification of costs, capital costs (Capex) operating costs (fixed, variable, direct, overhead costs)
  • Budget execution control and deviation analysis (Variance analysis)
  • Financing with own capital
  • Financing with short-term and long-term loans
  • Financing by issuing financial instruments
  • return on invested capital
  • Cash flow discounting method
  • weighted average cost of capital)

Finances for non-financial managers

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