EUROPEAN CHAMBER OF COMMERCE OF THE PHILIPPINES (ECCP): Understanding Financial Reports to be Held September 3

European Chamber of Commerce of the Philippines (ECCP) recently issued the following announcement.

Understanding Financial Reports

DATE(s):

03

Sep

to

04

Sep

Trainings

Trainings

"Financial Reports are as revealing of the HEALTH OF A BUSINESS as the pulse rate and blood pressure are indicators of the HEALTH OF A PERSON."

A fundamental financial objective of all organizations is to be healthy and stable. The financial reports are the means of the company to summarize and communicate financial performance.

If all the organs and parts of the body contribute to the well-being of the person, it also follows that the different sections/departments of the company contribute to its financial condition.

The workshop aims to equip the participants with the knowledge and understanding of the contents of the basic financial reports so that they can link their role in the organization with the financial results of the business.

LEARNING OBJECTIVES

The course will enable the participants to:

To define the general financial objectives of the company

Profitability

Healthy cash flows o Financial stability

To identify and explain the information value of the basic financial statements:

Balance Sheet

Income Statement

To demonstrate the use of the financial information in decision-making in their day-to-day operations /functional areas

PROGRAM OUTLINE

Day 1

Introduction to Financial Reports

Overview of Business Decisions vs Financial Information

Introduction to o Balance Sheet

Income Statement

Definition of Accounting Principles & Terms

Transaction Analysis

Analyzing Balance Sheet & Income Statement Transactions

Accounting Link – Relationship between the income statement and balance sheet

Discussion on Taxes

Value Added Taxes

Income Taxes including Withholding Taxes

Excise Taxes

*including a discussion of changes relating to the above items under the new TRAIN

Analyzing the Income Statement (Annual Report)

Vertical Analysis – Story of Profitability o Sales analysis

Gross profit margin o Operating Expenses

Income from Operations (IFO)

Net profit margin

Day 2

Additional Tools for Profitability Analysis

Breakeven analysis

Return on investment o Return on assets o Return on equity

Analyzing the Balance Sheet

Asset Management

Accounts Receivable o Inventory

Property & Equipment

Capital Expenditures vs Operating Expenses

Working Capital

Capital Structure o Leverage ratios o Coverage ratios

Recap of Balance Sheet Management

Cash Flow Statement

Differentiating between profits and cash flows

Relating the cash flow statement to the balance sheet and income statement

Information value of the Cash Flow Statement

Learning Investments

PHP 15,000

ECCP Members

PHP 17,000

Non-Members

(includes coffee breaks, lunches, seminar materials and certificate of attendance)

No shows will be billed at full cost. Cancellations should be made at least 48 hours/two working days before the event.

Participants from outside Manila, requiring airfare and hotel bookings, should coordinate with ECCP for final confirmation of course schedule before booking. The ECCP shall not be responsible for charges incurred for changes in booking or flights.

Register Now!

For confirmations and more information, please contact

Ms. Nichole Raynera of ECCP at 845 1324 or email nichole.raynera@eccp.com

Original source: https://www.eccp.com/events/?id=552