The 1-day course will provide business managers with the fundamental concepts of accounting and finance management, so that they can handle day-to-day finance-related problems in a professional way. Furthermore, this course will help managers improve their performance by monitoring key figures and ratios in financial statements.
Who Should Attend
➢ Business Mangers
➢ Sales and Marketing Personnel
➢ People Who Use Financial Statements
➢ People Who Need to Produce Budgets
Course Outline
• Objectives and introduction Objectives of this course: why the training is necessary, what the course will cover and methods the trainer will use.
• Introduction of basic finance concepts Introduce basic concepts that help the participants relate to what they have already known in daily life, so as to remove the “fear” mentality if they run across such terminologies for the first time. ²
➢ Exercise: household finance
➢ History of Accounting
➢ Basic accounting terminologies such as Assets, Liabilities, Cash and Inventory.
• Financial Statements Understand the 3 statements of Balance Sheet, Income Statement and Cash Flow Statement.
➢ Use the GO chess board to simulate the 3 statements.
➢ Interrelationship among the three statements
➢ BASF Profitability Analysis
➢ Case studies: financial statements of BASF vs. other chemical companies
• Ratio Analysis The five sets of rations that measure the performance of a company and department. Application of these ratios and analysis using benchmark figures.
➢ Ratio exercise using actual figures from the statements
➢ Analysis of case studies using ratios
➢ Benchmark studies of industry averages
• Budget making
The basic concepts in financial statements, the significance of using budgets and relationship between financial budgets and statements.
➢ The purpose of having budgets
➢ Different types of budgets
➢ Making operational budgets
• Summary and close
Course summary and closing
➢ Key knowledge points
➢ Take-away sharing.
Terms & Conditions
Events have limited seating so to ensure your attendance we encourage advance online registration and payment. We cannot guarantee entry to anyone not registered in advance.
Payment can be made by cash, (domestic) credit/debit card or WeChat. If pay in advance via WeChat we are typically able to provide Fapiao upon your arrival. For payments made on-site we will dispatch the Fapiao to the given address within 5-10 days.
Events are held in English and follow the Chatham House rule unless otherwise stated.
Advisory Council Policy
Members of the Advisory Council may receive complimentary admission to Chamber seminars, conferences and factory visits up to two attendees per event. Additional participants will be charged at the member rate.
Advisory Council members will still be charged the standard member rate for participation in training courses and special events, such as gala balls, government appreciation dinners, or admission to corporate social events/tournaments.
For further information contact Maureen Dai mtdai@europeanchamber.com.cn
Cancellation Policy
If you cannot attend the event for which you have registered, please cancel your registration no later than one business day prior to the event. If you fail to notify us of your cancellation in a timely fashion, you will be charged for event costs.
To cancel you can: 1) email yangzhao@europeanchamber.com.cn, or 2) cancel online if you registered for the event through the website.