Kurz: Management accounting basics – manažerské účetnictví v anglickém jazyce

INTRODUCTION TO FINANCIAL STATEMENTS:

• importance of financial measures.
THE BALANCE SHEET:

• the key components of the balance sheet,

• about fixed assets,

• current assets – what they are, and how to improve,

• current liabilities – what they are, their relationship to current assets,

• the vital importance of working capital management,

• the balance sheet performance.
THE INCOME STATEMENT (P/L):

• the key components of the income statement,

• about revenues,

• expenses and costs – what they are, and how to improve,

• profits – what they are,

• the role of depreciation expense,

• the income statement performance.
STRATEGIC ANALYSIS OF FINANCIAL STATEMENTS:

• ratio analysis of the balance sheet and the income statement,

• assessment of the viability, stability and profitability of a business,

• quick test of a company’s financial strength and liquidity,

• bubble chart – economical course of the company.

By the end of the course, participants will be able to:
• read and interpret Czech financial statements,
• analyze balance sheet performance,
• consider why the numbers on the balance sheet are as they are,
• understand and use alternative expressions of profit,
• monitor the success of the company,
• identify current vital financial indicators that are important to the organization,
• understand fundamental financial terminology,
• communicate effectively with financial executives and staff.