ΠΕΡΙΓΡΑΦΗ

In today’s demanding and fast-paced business world, it is considered imperative that professionals and management staff possess the necessary skills and knowledge in order to interpret accounting and financial data. The trainers of this seminar are Board Members of KPMG in Cyprus who aim to provide participants with the basic skills and knowledge required to understand financial statements. This seminar will also give participants the opportunity to familiarise themselves with the operational cycle of a business considering risk, financial and investment appraisal factors. 

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the seminar, participants will be in a position to:

• Describe and apply the basic accounting and financial principles

• Explain the stages of a business’s life cycle

• Acknowledge the substance of the operational and financial risk

• Read and analyse a set of financial statements

• Familiarise themselves with the basic tools for investment analysis and appraisal

• Be aware of the dates for tax and financial statements submission.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The seminar is addressed to management staff, Directors of departments and other professionals who do not deal in depth with accounting matters or do not possess a qualification on accounting or finance, Lawyers, Legal Advisors, Officers at financial institutions (such as Banks, Insurance Companies, etc.) as well as professionals and business owners who wish to improve their accounting and financial skills and knowledge. 

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Introduction: Seminar’s objectives (10 min)

• Assist participants to comprehend the basic principles of accounting

• Improve participants’ capacity in understanding the basic financial principles

Accounting and Finance (2 h)

• “Accounting”, “Finance” and other useful definitions

• Fair values

• Revenue

• Business combinations

• A set of financial statements: contents

• Financial Risks and Credit Risks

Reading and understanding a set of financial statements (1 h & 40 min)

• Comprehending and investigating the balance sheet statement, profit or loss, other comprehensive income statement and cash flow statement

• Key financial ratios/indicators

• Ratio analysis and practical examples

Corporate Finance (1 h & 45 min)

• Business life cycle

• Costing and Budgeting

• Corporate financing options

• Investment appraisal: short and medium term investments

• Business valuation– basic principles

• Creditworthiness and ability to borrow

Regulatory environment (35 min)

• Tax compliance and submission requirements

 Other regulatory issues (20 min)

• Requirement to prepare financial statements

• Management report

• Auditors report

• General Healthcare System and other requirements.