ΠΕΡΙΓΡΑΦΗ

The programme will provide participants with the ability to interpret the key information contained in the annual financial statements.

By understanding financial statements, participants will be in a better position to identify the financial strengths and weaknesses of their own organisation together with other companies in which they may have an interest. Furthermore, participants will be introduced to the main principles of financial planning.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

• Learn the terminology of accounting & finance
• Understand the principles involved in preparing financial statements
• Interpret and use the information contained in financial statements
• Understand the budgeting and reporting process
• Appreciate the limitations of financial statements
• Master practical tools of financial analysis
• Identify ways of increasing cash flows

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

Managers from all departments, except from Accounting and Finance

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Topics to be covered

• The role of accounting and finance in the management process
• Communicating financial performance
• Financial statements
• Measuring and reporting profitability
• Current vs. capital expenses
• Depreciation rules
• Tracing changes in revenue, costs and income
• Balance Sheets
• Assets, liabilities and equity
• Current vs. Fixed Assets
• Capital Employed
• Gearing and Liquidity
• Cash Flow Statements
• Ratios
• Steps of the Financial Planning Process
• Forecasting sales and net income
• Budgeting
• External Financing
• Variance Analysis and KPIs
• Break-Even Analysis and Cost-Optimisation
• Practical examples, cases and illustrations from local and international companies

Instructor: Dr. Stelios N. Markoulis

Dr. Stelios N. Markoulis studied finance at Cass Business School (BSc, MSc, PhD) and London School of Economics (MSc). He currently teaches in the area of finance – as a member of the visiting faculty - at University of Cyprus, Cyprus International Institute of Management and Cyprus Open University. In the past he worked for several years in the investment banking industry, obtaining valuable experience in the areas of raising public and private capital from the equity and bond markets, mergers and acquisitions, private equity, and company valuation, among others. His main research interests focus on empirical finance issues, such as the probability of bank default, capital raising through initial public offerings, the micro - and macro - economic determinants of stock returns, and the effect of exogenous shocks, such as terror attacks, on capital and foreign exchange markets. He is a member of the Editorial Board of several international journals and his work has been published in a number of refereed international journals and books and presented in international finance conferences. He is also an Honorary Visiting Research Fellow at Cass Business School, London.