Cash Flow - training course

Objectives and advantages

The purpose of the training is to familiarize participants with the technique of preparing a cash flow statement for the purposes of the financial statements, as well as to acquire the skills to use the information contained therein. 

• The training has a workshop character: it combines various trainer presentation techniques with the participants' own work.
• Intensive and practical: each of the rules is richly illustrated with numerical examples.
• Classes are run by a trainer with many years of practical experience.
• During the course, the MS Excel spreadsheet will be used to present ways of applying the acquired knowledge in practice. 

It is possible to organize a in-house training course on the individual customer's order. 

Programme 

The training program is spread over 2 days. You can take part in the whole two-day training or on any one day of your choice. 

Day 1 - cash flow statement according to IAS 7 and CRS 1 

• The role of the statement of cash flows in the financial statements
• Rules for preparing the statement of cash flows in accordance with the International Accounting Standard No. 7
• Differences between cash flow statements for the purposes of IFRS and CRS 1
• Preparation of the statement of cash flows using the direct and indirect method
• Case study using MS Excel spreadsheet to improve the preparation of cash flow statements based on the balance sheet and profit and loss account
• Discussion of issues related to the preparation of the consolidated cash flow statement.
• Preparation of the consolidated statement of cash flows using the MS Excel spreadsheet. 

Day 2 - flow analysis and liquidity management 

• What can you read in the cash flow statement?
• Should cash flows from operating, investing and financing activities be positive or negative?
• Review and analysis of sample cash flow reports from actual financial statements
• Analysis and assessment of the company's liquidity - basic indicators
• Working capital management - practical exercises
• Basic principles of cash flow forecasting

Materials 

Participants receive a full package of training materials. Due to the wide context of the issues presented, the materials are not only used in class, but also allow you to return to the topics discussed after the training to repeat and consolidate the acquired knowledge. Additional value - Excel sheet after training. 

Date and location 

12-13 October, 2020, Warsaw & Online 

Tutors

Michał Błeszyński FCCA, CIA Manager 

A graduate of the Faculty of Computer Science and Management at the Wrocław University of Technology. He is a certified auditor, he has CIA qualifications (Certifed Internal Auditor) and is a member of ACCA (Association of Chartered Certified Accountants). For five years he worked in the audit department of Ernst & Young and was involved in auditing financial statements of mainly manufacturing companies as well as capital groups operating on the real estate market. He also participated in training new employees of the audit department in the scope of performing external audit tasks. Since 2008, he has been working as a trainer at the EY Academy of Business, where he specializes in the subject of International Financial Reporting Standards, management accounting and in internal audit. 

Contact 

Aleksandra Trych, Warszawa | tel. +48 505 171 636 | aleksandra.trych@pl.ey.com

Natalia Medyńska, Wrocław, Kraków | tel. +48 789 407 645 | natalia.medynska@pl.ey.com

Educational points/units 

• accountancy
• financial audit
• taxes
• general economic knowledge - especially economic and financial law
• IT issues
• soft skills, the possession of which is necessary to perform the auditor's professional activities.