Preparing Financial Reports and Effective Planning

The Language of Business for Professionals (25 Training Hours)

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day 1
Reading and Understanding Basic Financial Statements
  • Axis 1: Understanding the Nature and Components of the Statement of Financial Position (Balance Sheet).
  • Axis 2: Understanding the Nature and Components of the Income Statement. (Revenues, Expenses, and Profits).
  • Axis 3: Linking Financial Statements to Understand the Complete Picture. (How operations affect different statements).
day 2
Analyzing Financial Performance and Financial Position
  • Axis 1: Analyzing Key Financial Ratios. (Liquidity, profitability, activity, and solvency ratios).
  • Axis 2: Trend Analysis. (Evaluating performance over multiple time perods).
  • Axis 3: Comparative Analysis. (Comparing performance with competitors or industry standards).
day 3
Fundamentals of Preparing Internal Financial Reports
  • Axis 1: Cost and Revenue Reports. (Tracking performance at the department or product level).
  • Axis 2: Budget vs. Actual Reports (Variance Analysis). (Analyzing variances and their causes).
  • Axis 3: Using Dashboards. (Displaying key financial indicators visually and quickly).
day 4
Basics of Financial Planning and Budgeting
  • Axis 1: The Process of Preparing the Budget. (From preparing estimates to final approval).
  • Axis 2: Financial Forecasting. (Scientific estimation of future revenues and expenses).
  • Axis 3: Capital Budgeting. (Evaluating the feasibility of long-term investments).
day 5
Transforming Numbers into Strategic Insights
  • Axis 1: The Art of Financial Storytelling. (Transforming complex data into a clear report that influences the decision-maker).
  • Axis 2: Preparing Customized Reports for Different Management Levels. (Tailoring content and detail according to the audience).
  • Axis 3: Practical Workshop. (Analyzing real financial data and preparing a comprehensive financial report).

References: International Financial Reporting Standards (IFRS), financial analysis tools (financial ratios), and the basics of preparing budgetary estimates.