FinanceXplained
CAT16.Jpg Financial Statements and Performance Analysis
Upcoming dates in English

BE - Brussels - 29 & 30 June 2020 - NH Collection Brussels Centre (Route Map)
LU - Senningerberg - 21 & 22 September 2020 - NH Luxembourg (Route Map)
Ask us a question about this course or request In-Company information
PROGRAM OUTLINE for this 2 day course in English
Course Highlight

Learn to decipher the facts behind the figures

Leaders and managers interpret and utilise financial reports such as the annual report regularly. Reports can help to assess the overall financial performance of your organisation, a particular department and the competition.  Understanding the facts behind the figures provides a basis for sound managerial decision making and action.

In these two days, participants will learn how to read and interpret income statements, balance sheets and cash flow statements. By understanding these three principal financial reports, you will be able to conduct advanced analysis of your own or an external organisation financial performance. You will also learn the major financial ratios and their application, which reveals the relationships that exist between various items of information within the accounts.

The main topics:

  • How a company's business and financing activities are reflected in its financial statements?
  • The nature of financial statements and the accounting methods (GAAP & IFRS)
  • The components of financial statements, namely the balance sheet, the income statement and the cash flow statement.
  • The distinction between cash flow and profits and the importance of the three documents.
  • How to use the statements to forecast future performance.
  • How to measure operating, investing and financial performance using ratios.
  • Analyse the different types of profitability ratios.
  • Understand the liquidity and solvency of the organisation.
  • Learn how well the operations are efficient.
  • Review and interpret the key impacts of the "Notes of the Accounts". 

 

Recommended background

This course is designed for all professionals directly or indirectly involved with financial reports, analysis and decision making internally or externally. You could be working either as a new recruit or as experienced staff with new responsibilities, wanting to broaden your perspectives by adding financial statement, ratio analysis and wider management skills.

What you will Learn

In these two days you will be able to appreciate the strategic context behind modern financial statement analysis, gain practical and intuitive insights through accounting analysis into what is going on in the accounts and how to interpret them.  Understand through practical financial analysis how to analyse accounts through ratio, cash flow and liquidity analysis.  Develop the ability to look into the future through financial statement forecasting and gain an understanding of how all these pieces of the puzzle fit together.

Course Format

This course will be taught using a combination of formal instructions, combined with practical and interactive exercises and case studies used to reinforce the concepts taught in each section of the course.   Practice-based learning and critical engagement is a key theme through all our courses allowing delegates to acquire the needed skills and techniques to be applied as soon as they are learned and developed.

 

 

Syllabus
Day 1:

 

  Financial Statements Introduction

  • Introducing the key source of information for stakeholders of the organisation and the importance of them.
  • Learn the importance of the management commentary
  • The balance sheet: content & structure and the linkages.
  • The income statement: content & structure and the linkage with the balance sheet.
  • Cash flow statement: The importance and creation and evaluation of the cash flow statement.   
  • Evaluation of the notes on the accounts and audit report.

 

  Introduction to our Case Study

  • The case study is used throughout the 2-day presentation assessing the full complexity of an annual report. 
  • After each topic participants apply the techniques learned and put them into practise.  

 

  The Nature of Financial Statements

  • Who needs financial statements and analysis of the external stakeholders?
  • The reporting to external stakeholders

 

  The Balance Sheet

  • Learn how the balance sheet is structured.
  • Critical analysis of the items
  • Analysis of Current and Non-Current assets
  • Analysis of Tangible and Non tangible items

 

  The Income Statement

  • Learn the structure of the income statement
  • Determine what is recorded in the income statement
  • Analyse the different levels of profit
  • Assumptions and their impact.

 

  The Cash Flow statement

  • What is cash Flow
  • What is reported in the cash flow statement
  • How is a cash flow statement organised?
  • Cash flow from operating activities
  • Cash flow from investing activities
  • Cash flow from financing activities

 

Day 2:

 

  Ratio and performance analysis an Introduction

  • Interpreting the figures and business trends as provided in the balance sheet, the income statement and the cash flow statement.
  • Who needs and why do we need ratio's
  • Ratio historical analysis, peer and industry comparison

 

  Evaluation and analysis of profitability ratios

  • Profitability ratio's introduction
  • Return on sales (ROS) and analysis of efficiency
  • Asset utilisation ratio (AUR) and analysis of effectiveness
  • Return on capital employed (ROCE) and profitability performance assessment

 

  Liquidity and Solvency

  • Determine the sources offFinance
  • Liquidity introduction
  • The use of the current ratio
  • The use of the quick ratio and difference
  • Working capital and the importance of managing working capital 
  • Solvency
  • Leverage and gearing
  • Asses the capital employed in a business

 

  Operating Efficiency

  • Learn about the cycle of production
  • Creditor days and what is acceptable 
  • Stock days and managing inventory
  • Trade receivable days and managing the number of days

 

  Investor Ratio's

  • Return on equity
  • Pay-out ratio
  • Interest cover
  • Earnings per share
  • Residual Income

 

  A critical review and conclusion on our case

  •  Advantages and limitations of ratio's

 

Price and Registration Dates
Course Fee: € 1460 (VAT exclusive ) ** Prices and conditions might slightly change depending on country **
Early booking discount: 
A 10% discount is available if you register 2 month(s) before the course start date.

Belgium Subsidies: Flanders KMO-portefeuille: DV.O225876 and the Brussels Capital Region.
 

BE - Brussels :   29 & 30 June 2020
Number of Days: 2
Timing: From 09:00 till 17:00

Price: 1460 Euro  (Vat Exclusive)
Early booking discount: A 10% discount will be applied if you register before or on 30/04/2020
NH Collection Brussels Centre
Boulevard Adolphe Max. 7
1000 BE - Brussels
Belgium

LU - Senningerberg :   21 & 22 September 2020
Number of Days: 2
Timing: From 09:00 till 17:00

Price: 1460 Euro  (Vat Exclusive)
Early booking discount: A 10% discount will be applied if you register before or on 23/07/2020
NH Luxembourg
Route de Tréves 1
2633 LU - Senningerberg
Luxembourg





Course Lecturers
Maureen Whitehead-Lausman, MBA

19 years associate lecturer in Financial Strategy and Corporate Strategy for a triple accredited global business school. 20 years’ experience developing and delivering training programs for large and medium sized companies including in Germany, China, USA, Singapore, Ethiopia, South Africa, Russia and Romania. Corporate finance, value based management and finance for non-financial managers at middle and senior management level are a particular interest.  


Kris Blommaert, MBA

Kris Blommaert has over 20 years of international experience in both finance and general management for local and European based organisations and businesses. He has been an associate lecturer at a triple accredited global business school for 10 years at MBA level. He has lectured "Managing Performance and Change" and "Management Perspectives and Practice" in Belgium, Switzerland and France.  


Kris De Clercq, MBA

Kris has lectured finance to managers for more than 17 years in Europe and Eastern Europe. His teaching as an associate for a UK based global business school included “Issues in International Finance and Investments”,” Corporate Finance” and “Issues in IFRS”. His industry experience is over 20 years working for asset managers, investment banks, global custodians in the UK, Luxembourg and Belgium. He received a universities award for innovation in finance teaching and learning.  


Mag. Johannes Hofinger, MBA, FRM

Johannes Hofinger is specialized in Risk Management, Basel III, IFRS and regulatory reporting. His professional skills are reinforced by strong academic roots. He lectures for global business schools in corporate finance, managerial accounting and financial reporting. The main roles undertaken are lecturing, consulting and project management.  


Our International Experience
Participant feedback

A course with 10 participants is very good to favour the interactivity. Thanks for the perfect course content and lecture.

Very good course, teacher, and approach. Material available on-line prior the course + request to the participants about their expectations from the course.

A pleasant and knowledgeable instructor with a lot of interaction among participants.

An excellent course for people like myself.

Congratulations! Very well done. Nothing more to add.

I really appreciated the empathy and skills of the lecturer Bruno Bosch. Also, the size of the group (7 persons) was perfect to have the necessary interactivity throughout the course.

I strongly recommended this training to my colleagues as I found it very useful.

I think this was one of the best course I've ever attended. The trainer, Mrs Maureen, was extremely pedagogic and the structure of the course was very well planned with just the right mixture of theory versus practical examples and exercises.

It was a very enjoyable course. The group was small which made it easier to be 100% involved.  The exercises and case study were absolutely great and necessary to put the theory in practice. A very knowledgeable teacher.

It was nice to have a lecturer with profound knowledge on the topic so that the level of discussion could go further than the simple basics of valuation.

Lecturer had good understanding of the subject and good understanding of practical application.

Perfect for me. Exactly what I was looking for.

Thank you for the training, which was very clear and met my needs.

The course absolutely answered my expectations and needs.

The lecturer is a knowledgeable person with real market experience which is a plus.

The lecturer is excellent. She explained clear and control good interaction with students.

The training format and takeaways corresponds to what I expected. Thanks for the good preparation

Theoretical explanations good and with good interaction with audience.

There were lots of real life examples and relation to peoples own industries.

This was an excellent course and Kris made it very interesting and useful. He is highly knowledgeable, skilled and open to suggestions.

Thumbs up Maureen!

Very good and interesting training. One of the best I ever had.

 

Companies who attended our courses

 

 
AG Insurance
Allianz Benelux
Argenta NV
AXA Belgium
Baloise Insurance
Banca Monte Paschi Belgio S.A.
Bank De Groof
Banking Association (Kosovo)
Belfius Investment Partners
BNP Paribas Fortis
Bpost Bank
Buy Way
CBC Bank
Cegeka
Celio Finance SPRL
Credendo
Delen Private Bank
Delta Lloyd Life
Deutsche Bank AG
DKV Belgium
Ethias SA
Euler Hermes Services
Euroclear Bank SA/NV
Euroclear Investments
Europ Assistance
European Investment Bank - EIB (Luxembourg)
European Union - EDFIMC / ElectriFI
Flanders Investment & Trade
Gras Savoye Belgium
Incofin Investment Management
ING Bank België
KBC Bank
Mastercard
Ministry of European Integration (Kosovo)
National Bank of Belgium
NN Insurance Belgium
Petercam
Record Bank
Société Générale Private Banking
SWIFT
The Royal Bank of Scotland (RBS)
Triodos Bank
VGD International -Audit & Tax
Wolters Kluwer Financial Services
Zurich Insurance plc, Belgium branch
Vanbreda International
 
 
 
Afton Chemical SPRL
Air Liquide
Allnex Belgium SA/NV
ANL Plastics
Ansell
ARC EUROPE SA
Arcelor Mittal ( Belgium & Luxembourg)
Axalta Coating Systems 
BASF Antwerpen
BASF Belgium Coordination Center
Beaulieu International Group
Bekaert
Borealis Polymers NV
Bridgestone Europe SA
CNH Industrial Belgium NV
Cofely Fabricom
Cytec Belgium
DOMO Chemicals (Germany)
Donaldson
Dow Corning
Electrolux Appliances AB - EMA- EMEA (SEE)
Engineered Pressure Systems International
European Owens Corning Fiberglas
Fost Plus
GDF Suez
Griffith Foods
Hamon & Cie
Heraeus Electro-Nite International NV
Jacobs Belgium
KODAK SA/NV
Milliken Europe
Niko Group
NXP Semiconductors - Prodis  (Netherlands)
SOLVAY
SPX Cooling Technologies
Synventive Molding Solutions (Germany)
TERUMO EUROPE
Tessenderlo
Vinçotte International
VPK Packaging Group NV
WABCO
Yara Belgium NV
 
 
 
 
 
Antwerp World Diamond Centre
AVEVE Biochem NV
Carrefour Belgium
Delhaize Corporate Group
Godiva
IKEA 
 
Abbott Logistics B.V. (Netherlands)
AbbVie (Canada)
Agfa HealthCare NV
Alcon
Alcon-Couvreur
Amplifon
AZ Sint-Blasius
Baxter International (Austria)
Catalent Pharma Solutions
CinnaGen (Tehran)
Datwyler Pharma Packaging International
Groep OZ ESV
Hologic
Landelijke Christelijke mutualiteit (LCM)
Mutualités Libres: MLOZ
Novartis Pharma
SA Bristol- Myers Squibb Belgium NV
Stryker (Netherlands)
Terumo BCT Europe NV
UCB
Zorgbedrijf Antwerpen
 
 
 
AW Europe
Belgacom
Belgian Nuclear Research Centre (SCK-CEN)
CISCO
Corelio Printing
De Persgroep Publishing nv
EDF Luminus
Elia System Operator
Engie Electrabel NV/SA
Eni Gas & power
Fluxys Belgium
INFRABEL
Itineris NV
KEYRUS
M-Team
NRB
ORANGE
Proximus
Siemens
Telenet
 
 
Agentschap Innoveren en Ondernemen
Europees Parlement
Ministry of European Integration
National Agency for Protection of Personal Data
Nationale Loterij
SD Diensten NV (SD Worx)
SESAR Joint Undertaking
Stad Antwerpen
Stadsbestuur Harelbeke
Syntra Brussel
UGent - FBW
Vrije Universiteit Brussel (VUB)
 
 
 
Acturus sprl
ARC Europe
BDO 
BIA Africa
Bia Overseas
Brooser BE Operations 
Capgemini
Cipal Schaubroeck
Compass-Group
Computacenter
Computer Task Group
Deloitte Accountancy
Egemin International
Enhesa International
FIS (former Clear2Pay)
Interel Group
K&L Gates
Matexi NV
Minds&More
Pricewaterhouse Coopers
PwC Tax Consultants
Securex
Toreon
Vinçotte International sa
 
 
 
Alcopa
Alstom Belgium
ARC Europe 
Brussels Airport Company
De Lijn
D'Ieteren Auto
EUROCONTROL 
Gemeentelijk Havenbedrijf Antwerpen
Globachem nv
GSC Greensea Chartering 
HONDA Motor Logistics
JBT
Neovia Logistics
NMBS
PSA Antwerp nv
Retail & Wholesale
Seatrade Reefer Chartering
Thalys International
Trimble T&L
Volkswagen Group Services
Wallenius Wilhelmsen Logistics Zeebrugge NV
Westlandia
Witzenmann Benelux nv
 
 
 
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