FINANCE FOR NON-SPECIALISTS

Franck NICOLAS

“You know that  cash  flow  and  net  income  (or loss)  are  fundamental  concepts  for managing your business.

By  understanding  the consequences  of  depreciation, stock  control  and  provisioning,  you can  anticipate  and  better  control the  presentation  of  your  financial statements.

Good management is all about forward planning?”

Franck NICOLAS

“In the business world of today, if we want to understand the financial health of a competitor, customer or supplier, or if we simply want to better manage our department’s income and expenses, it is essential to know how to perform a financial analysis.

More so that in the past, financial strength is a key concern because it is one of the foundations of a company’s long-term survival.”

Franck NICOLAS

“This course has been specifically created for anyone wanting to add a “cost approach” to their decision making. Its goal is to familiarise you with the key terms and to describe the main tools used to address the different management control needs.

For example, we will answer the following question: At what price should I sell my product and/or service to make a profit?

There is a relevant cost for each decision. Using this relevant cost, you will learn how to decide which cost method to use to analyse profitability and make the appropriate decision.”

Gilles BARJHOUX

“A dashboard is not only a performance measurement tool. It is first and foremost a management instrument that helps the manager, and all of his or her team members, to make decisions and to manage risk in times of uncertainty.

I have developed this course to unlock the secrets of the dashboard: from its methodology to its use, not forgetting how to build the dashboard and keep it up to date.

Because “By planning we make better decisions, and by measuring we make better leaders.”

Franck NICOLAS

“Preparing the annual financial statements means preparing the balance sheet, the income statement and the notes to the accounts. But how do we prepare these annual financial statements to meet the requirements of the French PCG rules? How do we prepare the notes to the accounts? What are the respective roles and legal responsibilities of the two types of accounting professional – chartered accountants and statutory auditors?”

Franck NICOLAS

« All companies record their day-to-day accounting transactions gradually throughout the financial year, on the day they take place. These day-to-day transactions are then summarised in the trial balance. At the year end, the company must present summary documents relating to the year that has just ended (namely balance sheet, income statement and notes to the accounts). However, these summary documents are not created solely from the trial balance. At the year end, the accountant* needs to ensure that the account balances that will be used to prepare the balance sheet truthfully represent the underlying transactions and accurately reflect the company’s net worth at the end of the period.»

*The word accountant is used here in the broad sense: it refers to any person responsible for preparing the summary documents (independent chartered accountant, the company’s chief accountant, etc.).