1. Information base for economic analysis. System of analytical indicators of enterprise activity. Stages of economic analysis.
2. Methodology for express analysis of financial statements.
3. Analysis of the financial condition of the enterprise. Level and dynamics of financial independence of the organization. Analysis of financial stability. In-depth liquidity analysis. Net Asset Analysis. Analysis of the efficiency of using current assets. Relative financial ratios.
4. Analysis of financial results. Marginal profit analysis. Factor analysis of the dynamics of profit before tax/net profit.
5. System of profitability indicators. Calculation of factors that caused dynamic changes in return on assets. Analysis of profitability of sales according to various profit indicators, features of their calculation. Cost effectiveness, interpretation of analysis results. Return on equity, DuPont model. Methods for identifying reserves for profit growth and profitability. Factor analysis of economic growth dynamics.
6. Analysis of the efficiency of use of fixed production assets. Analysis of the composition, structure, movement and condition, level of wear and tear of fixed assets.
7. Analysis of enterprise labor resources. Analysis of workers' compensation, analysis of the wage fund. Assessing the effectiveness of personnel use.
8. Cost analysis and cost management.
   • Types of costs, principles of cost management. Workshop on the distribution of cost items by type.
   • Factor analysis of the relationship between resource use and sales profits.
   • Determining the break-even point. Operating leverage (leverage). Calculation of the break-even point for companies with a wide range of products. Workshop to calculate the break-even point for a multi-product company.
9. Analysis of the volume and structure of products (works). Analysis of production and sales of products. Analysis of the rhythm of the enterprise.
10. Analysis and management of company cash flows.
    • Profit and cash flow. Methods for preparing a cash flow statement (CFT). Workshop.
    • Analysis of the report. Planning cash requirements depending on changes in the production program. Methods for determining the optimal cash balance. Workshop.
11. Investment analysis.
    • Methods for evaluating investment projects. DDS of the project, profit and balance of the project. Risk analysis.
    • Accounting for the value of money over time. Determination of the discount rate using the factor calculation method, CAPM, WACC, and the cumulative construction method. Calculation of the payback period of the project, indicators of the investment attractiveness of the project. Net present value and net present value of the project: NPV, IRR, MIRR. Workshop.
12. Summarizing the results of the analysis. Formation of conclusions and drawing up an analytical note; development of specific proposals and recommendations for mobilizing reserves. Making management decisions based on the results of the analysis.

Attached is a package of cases for practical solutions:

• express diagnostics of the enterprise; “bottlenecks”, their diagnosis;
• rating assessment of the borrower's creditworthiness;
• model of factor analysis of the use of current assets;
• model of factor analysis of return on total capital;
• model of factor analysis of return on equity;
• modeling of marginal analysis parameters in business conditions.

Topic 1. Accounting (financial) reporting is the basis for analyzing the financial condition of an organization

• Methods and techniques for analyzing financial statements. Methodological approaches to analysis. Conditions for successful analysis.
• Requirements for constructing an analytical balance. Horizontal and vertical balance analysis. Assessment of financial condition and its changes.
• Analysis of the formation of net assets and their role in assessing the financial sustainability of the organization. Assessment of the ability to preserve and increase capital.

Topic 2. Analysis and assessment of the liquidity of the organization’s balance sheet and its assets

• Grouping of assets by their liquidity and liabilities by the urgency of their payment, assessment of their dynamics and relationships. Possibility of applying the analysis results in practice.
• Analysis of business activity. Concept and analysis of the operating cycle. Sources of formation of working capital. Methodology for calculating the need for own working capital necessary to ensure normal economic and financial activities of the company. Assessing the adequacy of own working capital.

Topic 3. Cash flow analysis

• Analysis of the formation of cash flows from current, investment and financial activities; use of analysis results. Assessing the adequacy of the profit received to carry out current activities, form working capital, invest funds and pay dividends. Predictive analysis of cash flows and their operational management. The ability to use the cash flow statement for financial planning of cash flows.
• Generalization of the analysis results, their interpretation.

Topic 4. Analysis of financial results

• Analysis of income, expenses and financial results, their reflection in the financial results report.
• Analysis of the structure of income and expenses from ordinary activities. Analysis of other income and expenses. System of indicators of financial results and its use in analysis.
• Analysis of profitability of sales. Analysis of intermediate levels of profitability. Assessing the influence of factors on changes in sales profitability indicators.
• Generalization of the analysis results, their interpretation and identification of untapped opportunities for profit growth and increasing the level of profitability of business.
• Analytical use of the profit and loss statement in assessing the profitability of an enterprise.

Topic 5. Analysis of return on investment

• System of profitability indicators and its analytical capabilities.
• Analysis of the effectiveness of operating, investment and financial activities.
• Identification of reserves for profitability growth.
• New business performance measures. Use of analysis results.

Formation of a comprehensive analytical conclusion.

Financial analysis helps company managers make balanced management decisions. A deal that seems profitable at first glance can lead the company to serious problems in the future. Financial analysis skills are necessary not only for employees of the financial department, but also for any manager or employee responsible for financial and material flows.

Alpha Business School offers a seminar on “Fundamentals of Financial Analysis,” which intelligently combines a theoretical framework with practical examples.

The one-day course “Fundamentals of Financial Analysis” provides students with a universal methodology for financial analysis, which helps assess the performance and financial condition of an enterprise, outline ways to increase profitability and efficiency of capital management, and assess the solvency and financial stability of counterparties.

The seminar “Fundamentals of Financial Analysis” will give participants knowledge and a set of practical tools on the following issues:

How to analyze financial statements? What do you need to pay attention to from a manager, owner, and lender perspective? How to correctly draw conclusions and make management decisions based on a comprehensive analysis?

The target audience

The course “Fundamentals of Financial Analysis” is designed for beginners in the financial department: financial managers and economists, and will also be useful for accountants and heads of structural divisions.

Objectives of the course “Fundamentals of Financial Analysis”

• Consider universal methods of analyzing financial statements;
• To develop in students practical skills in conducting financial analysis based on the reporting of well-known Russian companies;
• Teach students to diagnose company problems based on financial reporting data and formulate recommendations for overcoming them;
• Understand the relationship between business growth, profitability and cost, and plan for balanced business growth.

Seminar program “Fundamentals of financial analysis”

• Financial analysis: goals and methods
• Vertical, horizontal and plan-factual analysis of financial statements
• Analysis of break-even, financial strength and risk
• Factor analysis
• Analysis of the ratio of costs, sales volumes and profits
• Balanced growth
• Analysis of financial ratios from the point of view of the manager, owner and lender:
  • Profitability
  • Turnover
  • Liquidity
  • Financial stability
  • Dupont formula

Business case: Analysis of profit structure and cash flows, assets and sources of financing.

Business case: Calculation of basic ratios. Assessment of the company's financial condition.

Business Case: Break-Even Analysis

Teaching Methodology

• Training is conducted interactively;
• The training seamlessly combines modern theory and practical examples from leading companies;
• The seminar uses advanced international experience and the knowledge of high-level teachers with extensive practical experience;
• Seminar participants discuss questions from their own practice with the teacher to better understand the techniques of financial analysis in their enterprise;
• The seminar is accompanied by special materials and templates for further use by participants in their work.

Feedback on the seminar "Financial and Investment Analysis"

“I liked the discussion of many examples from the teacher’s life experience, a lot of useful material in the handouts,” Irina Lvovna Nikolaeva, economist of the financial department, Insol Telecom CJSC, Moscow.

“I liked that not only theory was given, but also practical explanations. Despite the fact that the lecturer does not work in our industry, we analyzed examples applicable to our company,” - Kryzhanovskaya M.V., economist, Teleplats, Moscow.

“I liked the presentation of the material at the seminar, the practical tasks, the availability of handouts,” Bolshakova T.Yu., economist, Machine-Building Plant OJSC, Elektrostal.

“I liked the seminar with specific examples and analysis of specific problems,” - Pisarenko V.K., economist, Machine-Building Plant OJSC, Elektrostal.

• About the business school. Courses and seminars on finance for economists and managers

11.03.2019

A seminar “Cost Management” was held. Cost calculation" for employees of the economic department of the State Scientific Center of the Russian Federation FSUE "NAMI".

07.02.2019

Alpha Business School held a corporate seminar “Accounts Receivable Management” for employees of the distribution company “Lit Trading”.

16.10.2018

Alla Uvarova, director of the Alpha Business School, told the Community of Managers of the Executive.ru portal about how the demand for corporate distance learning is changing and about trends in business education.

28.06.2018

A seminar “Planning and Budgeting: Best Practices at Fuel and Energy Complex Enterprises” was held in Moscow for representatives of the financial and economic services of the Gazprom Corporation.

04.04.2018

A seminar on financial analysis was held in Ryazan for economists from the Ryazan Design Bureau "Globus".

How will I know if this course is right for me?

It's simple. Register and take the first lesson of the course for free to find out how everything works and whether this training format is right for you. If you like everything, sign a training agreement, pay for it and continue studying. If not, ask our managers for advice, they will help you find the best professional development program.

How can I prove that I am your student? Do you provide any documentation about your services?

Before the start of training, we conclude appropriate agreements with all our students.
Upon completion of training, we issue certificates of completed work (for legal entities), and for individuals - relevant diplomas and certificates.

Is it possible to receive a personal income tax refund after your courses?

Each of our students has the right to a refund of income tax on education, in accordance with the legislation of the Russian Federation, after receiving educational services. Take any course at the Aktiv Financial Academy and get 13% back of its cost. If you pay for training on any of our online courses yourself, as an individual, you can reduce personal income tax calculations for yourself (in accordance with paragraph 2 of Article 219 of the Tax Code of the Russian Federation). The cost of the course you choose will be deducted from your total taxable income. To do this, you need to provide a package of documents to the tax office. Please check with the managers for details of personal income tax refund.

What is a distance learning system?

The distance learning system (DLS) is an educational environment where all educational materials for courses are stored, webinars and consultations with lecturers, tests and diploma exams are held. All students who have registered for a trial lesson (limited access) or paid for the course (full access) have access to the LMS.

What is a student's personal account?

The student’s personal account is the student’s personal territory, which is accessible only to him and the portal administrators. The office contains educational materials (webinars, electronic handouts, lecture notes, tests, problem books, study guides) and a chat for consultations with the teacher.

Is it possible to download course materials?

Course students can download and print workbooks and handouts for webinars, as well as notes and problem books sent by portal administrators by email for study. They remain available even after access to the course is closed. Webinars are the intellectual property of the Aktiv Financial Academy and are not available for downloading and storing recordings by students outside the distance learning system. Upon completion of the course, access to all educational materials, except for the first module of the course, is closed.

What should I do if I missed an online class?

Is it possible to pause training?

Our listeners are practicing specialists; they also experience emergency situations at work, unplanned business trips and other unforeseen situations.
Therefore, any of our courses that involve online interaction between students and the teacher can be suspended for 10-20-30 days (maximum). To do this, you need to indicate the reason and duration of the suspension of training to the portal administrators.

What should I do if access to the course has ended or is ending, and I have already spent all the days of suspension?

If access to the course is coming to an end and there are no days of suspension left, then you can renew access to the course at any time. The service for extending access to the course is paid. To order it, you need to contact the administrators of the distance learning system or your personal manager.

If I fail the IPFM exam, what should I do?

According to inexorable statistics, 80% of our students successfully pass the IPFM exams the first time. They are helped in this by the IPFM trial exam at the end of the course and consultations with teachers. If you still fail to pass the official exam, repeated attempts are unlimited. To retake the exam, you will need to register for the exam and pay a fee.

1. Enterprise in market conditions and factors influencing its efficiency

• The essence, role, goals, functions and features of the enterprise in a market economy

2. Operating and financial leverage

• Business and financial risk of the company. The combined effect of leverage

3. Essence and methods of evaluating investment decisions

• Assessment of the financial viability of the investment project and the economic efficiency of the investment

4. Development of a capital investment budget

• Principles for developing a capital budget
• Forecasting cash flows of an investment project and accounting for inflation

5. Risk analysis of investment projects

• Characteristics of analysis methods and methods for assessing investment risks

6. Financing of economic activities

• System of financing economic activities. Budgetary financing in the Russian Federation and own sources of financing
• Sources and forms of debt financing and attraction of foreign capital

7. Structure and cost of capital of the company

• Theories of capital structure. Weighted average and marginal cost of capital

8. Capital structure management

• Analysis of the impact of financing on the risk and profitability of the company and factors influencing the choice of sources of financing
• Assessing the company's borrowing potential and choosing the optimal capital structure

9. Dividend policy

• Types of dividends, forms and procedure for their payment
• Dividend policy and firm value. Features of dividend policy in the Russian Federation

10. Fundamentals of financial analysis

• The relationship between financial and economic analysis. The structure of the country's financial system and objects of financial relations
• Information support and methods of financial analysis

11. Analysis of the financial results of the enterprise

• Analysis of enterprise profitability, profit indicators from product sales and main profitability indicators
• Model of the economic mechanism of an enterprise based on profit generation
• Tax payments of the enterprise. Directions for using net profit

12. Analysis of the structure of the value of the enterprise’s property

• The role of analyzing the financial condition of an enterprise and the tasks of analyzing the structure of the value of its property
• The concept of enterprise capital

13. Analysis of the dynamics and structure of sources of property formation

• Balance sheet. Financial resources of the enterprise and their sources
• Analysis of accounts receivable and payable, availability and movement of own working capital

14. Valuation of a financial enterprise

• Assessment of creditworthiness, financial condition and financial analysis results
• Analysis of the solvency and financial stability of the enterprise

"Financial Analysis" - financial analysis courses from University of Business No. 1, which will allow you to both learn this field from scratch and improve your skills. For any financial analyst, training in financial analysis of an enterprise is an important step in the development of professional skills. Our financial and business analysis courses will help you with this. How to analyze the financial stability of an enterprise? How does the model of the economic mechanism of an enterprise based on profit generation work? What is enterprise capital? How are financial relationships formed? You will find answers to all these questions in financial analysis courses at Business University No. 1!

Apply for training right now - and soon you will learn all the features of professional management! Become a successful finance specialist with the No. 1 Business University!