- Financial analysis and diagnosis - Balance sheet balances (FRN, BFR, Cash flow), net debt and financial analysis ratios. Analyze financial structure, liquidity and solvency.
- Operating cash flow - Know how to calculate and analyze cash flow and free cash flow using direct and indirect methods. Know how to make forecasts. Cash and WCR management and optimization - Know how to calculate cash flows - Know how to establish cash positions - €/currencies - Calculate and interpret the main current asset turnover ratios (DSO, DPO, DII). - be able to draw up and reconcile cash flow forecasts - master methods for optimizing cash flow and WCR in conjunction with operational staff
- Cost accounting and job costing - Learn about cost accounting, direct/indirect cost analysis and job costing, activity-based costing and activity-based management.
- Consolidation - Know the principles and methods of consolidation (full consolidation - equity method). Analyze consolidated financial statements.
- Off-balance sheet commitments - Off-balance sheet commitments
- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- Financial information and the Universal Reference Document - Present account analyses and half-yearly and annual accounting and financial reporting, quarterly information and segment reporting. Understand the content of the Reference Document and how to read it.
- LT and CT financing methods - Understanding the main LT and CT financing methods
- Financial risks: counterparty, liquidity, interest rate, foreign exchange, equity - Analysis, valuation, risk mapping and hedging strategy: - Counterparty risk: financial analysis and mastering rating practices (internal, external) - Liquidity risk: ALM and group cash flow forecasts - Interest-rate risk: TF and TV loans, bond issues - Foreign exchange risk: exports, imports, hedging - Equity risk: dividends, share acquisitions and disposals, dealing room) - Project & (dis)investment risk Master the identification and valuation of financial and non-financial risks
Understanding and implementing
Target audience
- Bankers / Account managers
- Account managers
- Project managers
- Management controller
- Management controllers
- Members of the financial communications department
- Members of the legal department
- Users of financial statements
2 day
Formation Analyse Financière Débutant - First steps towards reading financial statements
Prerequisites
We recommend that you master the principles of accounting and the preparation of financial statements, for example by taking the "Corporate Finance - Level 1 (Financial statements for everyone) [FHGEFI]" course.
Corporate Finance – Level 1 – Financial Statements Made Easy [FHGEFI]
Acquire the fundamentals
Objectives
◗ How financial statements work
◗ Identify the impact of restatements and accounting options
◗ Use concepts and tools to conduct a financial analysis
◗ Diagnose a company's financial performance
Training program
◗ Discover the objectives of financial analysis
- What financial statement analysis can (and cannot) do
- Global approach: performance, balance, solvency
- Link between strategy, key figures and financial statement structure
- Structure of financial statements: balance sheet, income statement, cash flow statement and notes
✔ UNDERSTANDING | Brainstorming: what are the main objectives of financial analysis?
✔ UNDERSTANDING | Brainstorming: what do financial statements contain?
✔ APPLY | Case study: articulating financial statements
◗ Assess the company's financial equilibrium
- Introduction to the financial cycle
- Financial equilibrium: working capital, working capital requirements, cash flow
- Interpreting signals of imbalance: trends, pressure, risks
✔ APPLIQUER | Case study: analysis of several tax returns
◗ Understanding the main financial ratios
- Families of ratios: profitability, solvency, liquidity, turnover
- Critical interpretation and sectoral perspective
- Review of intermediate operating totals (IER)
- Analysis of operating income: EBITDA, EBIT, EBIT
- Self-financing: self-financing capacity, cash flow, free cash flow
✔ UNDERSTANDING | Brainstorming: what are financial ratios used for, which ratios do you know?
✔ APPLY | Case study: breaking down the profitability ratio - Link between structure, turnover and profitability ratios.
✔ APPLY | Case study: analysis of several tax returns
✔ UNDERSTAND | Summary table of analysis ratios by theme
◗ Understanding the impact of consolidation and accounting options
- Characteristics and limits of accounting
- Individual (company) accounts or consolidated accounts?
- Challenges and points to watch when analyzing consolidated financial statements:
Scope analysis - Impact of consolidation methods - Intra-group restatements and eliminations
Intra-group restatements and eliminations
- Accounting options and their impact on financial statements: leases, debts,
employee benefits, etc.
- Window dressing principles
✔ APPLIQUER | Case study: impact of the choice of consolidation method
✔ APPLIQUER | Case study: impact of capitalizing leasing in the accounts
✔ APPLY | Case study: restatement of window dressing
✔ ASSESS | Quiz: which accounting standards to apply?
> Analysis of the company's activity through its flows
- Cash flow statement (operating, investing, financing)
- From net income to cash flow from operations
✔ APPLIQUER | Case study: reconstituting a cash flow statement from a tax return
◗ Debt and leverage
Why choose this financial analysis course?
Financial statements are a valuable source of information about companies... provided you know how to read them! This training course will help you understand the major financial balances and the usefulness of each statement. It puts into perspective the analysis of profitability, solvency and liquidity. In just two days, you'll be autonomous enough to carry out an initial financial analysis.
Teaching and assessment methods
Before: self-assessment quiz
During the session: technical presentation accompanied by examples and case studies. Illustrations drawn from current events and real cases encountered by companies and/or the presenter's own experience in the field. Participants are invited to bring their own financial statements, which can be analyzed during the session. Numerous discussions and interactive quizzes during the session ensure that knowledge is acquired.
After: summary sheets.
The trainer is available to answer any training-related questions.
General training | FinHarmony Conseil & Formation
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Price
1,860 EXCLUDING VAT
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Beginner financial analysis training
Beginner financial analysis training
Beginner financial analysis training
Jonathan C.
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