FinanceXplained
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Financial Statements
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PROGRAM OUTLINE for this 1 day course in English

Highlight

In this one-day course, participants will learn how to read and interpret income statements, balance sheets and cash flow statements. The main topics include:

  • The nature of financial statements
  • The reporting standards and IFRS
  • The balance sheet (Assets versus Financing)
  • The income statement (Income versus expenses and the different types of profit)
  • The cash flow statement and working capital

Recommend background

This course is designed for all professionals directly or indirectly involved with financial 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 analysis and wider management skills.

What You Will Learn

In this one day you will be able to appreciate the strategic context behind modern financial statement analysis, gain practical and intuitive insights into what is going on in the accounts and how to interpret them.   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.
  • Management commentary, the balance sheet, the Income statements, Cash flow statement, the notes on the accounts and audit report.

 

The nature of financial statements:

  • Who needs financial statements
  • Reporting to external stakeholders
  • What are the financial statements
  • The links: Balance sheet, income statement and Cash Flow

 

The balance sheet:

  • The structure of the balance sheet
  • Current versus non-current
  • Assets versus financing

 

The income statement:

  • What is the income statement
  • What is recorded in the income statement
  • The Sales, COGS, Gross profit, EBIT, Taxation and profit for the financial year

 

The cash flow statement:

  • What is cash flow
  • What is reported in the cash flow statement
  • How is a cash flow statement organised
  • The cash flow cycle
  • Cash flow from investing activities
  • Cash flow from financing activities

 

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.

 

Learn the way that suits you most!



MEETING ROOM



ONLINE

1.  Small group sizes to ensure quality, debate & interaction (Max 15 People)
2.  Prime hotel locations
3.  Interact with the speakers & members
4.  Teamwork
5.  Access to our Online learning platform
6.  Use of whiteboard
7.  Share professional experience with other participants
8.  Network with participants
1.  Small group sizes to ensure quality, debate & interaction (Max 12 People)
2.  Via Zoom, Microsoft Teams or Cisco WebEx
3.  Interact with the speaker & members
4.  Virtual teamwork through breakout rooms
5.  Access to our Online learning platform
6.  Use of electronic whiteboard
7.  Share professional experience with other participants
8.  Network with participants
9.  Greater convenience at your office or home
10. Geographic flexibility - No travel needed

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 25 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.  


OUR INTERNATIONAL EXPERIENCE
Not convinced yet? Register to one of our "Free Online Open Event".
If none listed, request a seminar or personal talk


Books we studied for you





Companies who attended our courses

 

AG Insurance
Argenta NV
AXA Belgium
Banca Monte Paschi Belgio S.A.
Bank De Groof
Banking Association (Kosovo)
BNP Paribas Fortis
Bpost Bank
CBC Bank
Delta Lloyd Life
DKV Belgium
Euler Hermes Services
Euroclear Bank SA/NV
Europ Assistance
European Investment Bank-EIB (Luxembourg)
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
 
Abbott Logistics B.V. (Netherlands)
AbbVie (Canada)
Agfa HealthCare NV
Alcon
Alcon-Couvreur
Amplifon
Baxter International (Austria)
Catalent Pharma Solutions
CinnaGen (Tehran)
Hologic
Landelijke Christelijke mutualiteit (LCM)
Mutualités Libres: MLOZ
SA Bristol- Myers Squibb Belgium NV
Stryker (Netherlands)
Terumo BCT Europe NV
UCB Pharma
Vanbreda International
 
AW Europe
Belgacom
CISCO
Corelio Printing
De Persgroep Publishing nv
EDF Luminus
Elia System Operator
Eni Gas & power
Fluxys Belgium
Itineris NV
KEYRUS
M-Team
NRB
Siemens
 
 
Afton Chemical SPRL
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)
Dow Corning
Electrolux Appliances AB - EMA- EMEA (SEE)
European Owens Corning Fiberglas
GDF Suez
Hamon & Cie
KODAK SA/NV
Milliken Europe
Niko Group
NXP Semiconductors - Prodis  (Netherlands)
SOLVAY
SPX Cooling Technologies
Synventive Molding Solutions (Germany)
Tessenderlo
VPK Packaging Group NV
WABCO
Yara Belgium NV
 
Alcopa
ARC Europe 
AVEVE Biochem NV
Brussels Airport Company
Delhaize Corporate Group
Gemeentelijk Havenbedrijf Antwerpen
GSC Greensea Chartering 
HONDA Motor Logistics
IKEA 
Neovia Logistics
PSA Antwerp nv
Retail & Wholesale
Seatrade Reefer Chartering
EUROCONTROL 
Thalys International
 
Acturus sprl
ARC Europe
BDO 
Belgian Nuclear Research Centre (SCK-CEN)
BIA Africa
Bia Overseas
Brooser BE Operations 
Computacenter
Computer Task Group
Egemin International
Enhesa International
Interel Group
Matexi NV
Nationale Loterij
SD Diensten NV (SD Worx)
Toreon

 

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Contact our programme manager
 Kris De Clercq
- Call: +32496439400
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