I. FINANCIAL ACCOUNTING

OBJECTIVE: Participants will be able to make a reasonable presentation about basic accounting information, by applying financial information norms. Relating business decisions with accounting information. Distinguishing when a party represents an asset, liability, capital, income, cost or expense. Knowing the difference between cash flow and profitability.

A. Introduction

B. Accounting Customers

C. Financial Information Goals

D. Logical Structure to create Quality Financial Information

E. Financial Information Norms

F. Conceptual Framework

G. Financial Information and Decisions in Business

H. Defining the main Elements that are part of Financial Statements

I. Relation between Financial Statement

J. Company’s Activities Cycle

II. EFFECTIVE FUNCTION AND FINANCIAL STATEMENTS ANALYSIS AND INTERPRETATIONS

OBJECTIVE: Acquiring knowledge, and develop skills to analyze and interpret a company’s financial statements in order to manage it better.

A. COMPANY’S FINANCIAL FUNCTION

– Financial Field

– Financial Manager Goals

– Manager Activities

– Finance Function Areas

B. ANALYZING AND INTERPRETING FINANCIAL STATEMENTS

– Objective

– Analysis Tools

– Analysis Areas

III. SHORT TERM DECISION MAKING COSTS

OBJECTIVE: Acquiring Knowledge and developing skills about cost management for taking decisions. Applying the relevant costs and edge analysis technique in short term decision making, for situations that represent a challenge for the company

A. DIFFERENT COSTS FOR DIFFERENT COSTS

– Costs Goals

– Costs Usage

– Costs Reach

– Costs Dichotomy

B. SHORT TERM DECISION MAKING COSTS

– Information Relevance for Decision Taking before Globalization

– Information Nature

– Data Types in Decisions

– Edge Analysis

– Short Term Decision Taking Model

– Opportunity Costs

– Main Short Term Decisions

IV. RESOURCES MANAGEMENT

OBJECTIVE: Learning and developing skills to make policies and establishing optimal levels for the parties incorporating the company’s workforce.

A. Receivable Accounts Financial Management

B. Inventory Financial Management

C. Cash Financial Management

D. Debts to Pay Financial Management

V. FINANCIAL PLANNING AND BUDGET

OBJECTIVE: Acquiring tools and developing skills to improve the company’s profitability. Using financial planning to avoid temporary bankruptcy situations due to a tight budget. Correctly select the tools that help to improve the different company’s department performance.

A. FINANCIAL PLANNING

– What is planning?

– Normative, Strategic and Operative Planning

– Strengths, Weaknesses, Opportunities, and Threats Analysis

B. FINANCIAL PLANNING TOOLS

– Profitability Planning

– Financial Projection

– Master Budget

– Cash Budget