Reading, Analysing and Interpreting Financial Statements under IFRS
The training course is part of the series “Finance in Business – Case study workshops for Managers in Business – Modularised Programme“.
You present to the Board new attractive ideas but without the numbers, you will not be convincing anyone! How will such decisions impact the financial statements of the organization?
Do you feel uncomfortable during financial conversations or when you read the financial press? This course will not only give you comfort in understanding what is being said but will also give you the power to challenge financial ideas
Having obtained the skills to understand the language of finance, you will be able to appreciate how your decisions and actions affect the financial health of your company. Furthermore, you will be able to identify issues that arise because of others in the firm
Financial statements always tell the true story!
Case studies used in this module:
- Harvard Business School – The Accounting Framework and Financial Statements
- Harvard Business School – Financial Statements and Ratio Analysis
This training module is addressed to participants without formal education in finance, who, because of their day-to-day needs, are involved in a financial process and are required to apply and interpret information contained in financial statements.
This workshop is especially recommended to:
- Owners of companies
- Managers of non-financial functions
- Financial analysts or credit officers
- All persons wishing to broaden their understanding of finance
After completing this training module, you will be able to:
- Understand how business decisions made by you impact key elements of your company’s financial statements
- Feel more confident when talking to colleagues from the finance department
- Search the financial statements of your own company, as well as those of your counterparties and competitors in order to find needed information
- Constructing the balance sheet and income statement (case study)
- Key balance sheet and income statement positions – rules for recognition and measurement (exercises), including:
- Property, plant and equipment
- Intangible assets
- Financial instruments
- Provisions
- Constructing the cash flow statement and the statement of changes in equity – what they show and how to link them to information presented in the balance sheet and income statement (exercises)
- Financial ratios – construction, interpretation, advantages and disadvantages of principal ratios (exercises)
- Major case study – just by looking at the numbers and the ratios you will be able to:
- Identify problems and their root causes
- Link the various strategies together
- Come up with solutions to improve the health of the company in the medium as well as the long term
- Major financial accounting regulations in the EU and abroad (International Financial Reporting Standards and US GAAP) – what they are and who applies them
- What you can find out by reading the auditor’s opinion
- Creative accounting – what to look out for when reading financial statements (exercises)
Marinos Athanassiou - Marinos is the founder of the EY Academy of Business and has been a trainer since 1994. Marinos' training competences stem from both his professional experience and the knowledge he has gained from many years of delivering training courses.
