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 [email protected]
Original source: https://www.eccp.com/events/?id=552
