Finance for Non-Financial

Managers I: Accounting,
Analysis, Budget
Who should attend
Top managers and department managers
Administrative personnel, employees of sales, marketing and IT departments,
with no special education in finance and accounting
Coaches.

Objectives
Duration
3 days/24 academic
hours/ 24 CPDunits/21 CPE credits

To familiarize participants with the main aspects of accounting and financial

management, such as principles of financial statements and budget formation,
cash flows and income management
To demonstrate to participants how financial information is analyzed, how it is
vital for making management decisions
To train participants to effectively work with companys financial statements
To exercise practical skills for forming budgets.

Training methodology
Training is conducted in an interactive form and includes a number of case
studies.
Training participants are provided with specially designed training materials
in Russian.

Finance for Non-Financial Managers I: Accounting, Analysis, Budget

Training outline

Day 1

Factor Analysis based on financial measures

of well-known companies from different industries

Part 1. Accounting and reporting

Day 3

Principal accounting systems

Case study (continued): Analyzing the results

of company operations using the financial
statements completed on the first training day

Finance, tax and management accounting

Generally accepted accounting principles

Components of annual financial statements

Part 3. Companys Budget Formation

Balance Sheet as a source of information on

companys investments and sources of financing

The system of financial planning and budgeting

Balance Sheet equation

Main Balance Sheet sections
Balance Sheet analysis

Examples of Balance Sheet structure of well-known

companies from different industries
Case study: Accounting for companys operations,
using double entry method, preparation
of companys Balance Sheet and its analysis
Income Statement (IS) as a source of information
of companys business activity
Problem of revenue and expenses recognition
Income Statement formats
Definition of income (gross, EBITDA, operating,

EBIT, net income)

Cycle of working with information in the

management process
Setting up goals and objectives for the budget

period
Order of budget estimation (steps to follow)
Budget analysis

Case study (continued): Formulating companys

budget based on analysis of results of company
operations using the calculations made on the
first and second training days
Budget analysis. Development of actions aimed
to achieving of the objectives set. Conclusions
and recommendations
Summing-up the training. Questions and answers.
Feedback.

Income Statement analysis

Certificates

Examples of structure and trends of IS measures

Certificates of the EY Academy of Business.

of well-known companies
Case study (continued): Preparation and analysis
of Income Statement

Day 2
Statement of Cash Flows (SCF) as an instrument
of cash flows management
Structure of Statement of Cash Flows
Methods of preparation of Statement of Cash

Flows: direct and indirect

Analysis of Statement of Cash Flows
Examples of structure and trends of SCF

measures of well-known companies

Case study (continued): Preparation and analysis
of Statement of Cash Flows
Part 2. Analysis of Financial Statements
Financial ratios

Place and time

Open trainings are conducted at EY Academy
of Business from 9:30 to 16:30.

In-company training
Preliminary analysis of clients training needs,
identification of aims and goals
Training adaptation industry
Flexible approach to training location and
schedules
Report on the training results on request.

Recommended training scheme

Finance for Non-Financial Managers I
Finance for Non-Financial Managers II

Return on operations (sales), profit margin

Business-planning: capital budgeting and project

management

Business activity (assets turnover, working

Management decisions: costs, profits, prices

capital management)
Return on assets (ROA)
Financial solvency and liquidity

Performance Management
Planning and Budgeting I-II

Return on equity (ROE)

How to apply?
Please complete the registration form online
at our web site: ey.com/cis/academy