FINANCE FOR ENTREPRENEURS
Understanding the tax impact
MODULES
M41 Understanding the tax impact
1h 
EDUCATION GOALS
- To understand the difference between corporate income tax liability and personal income tax liability
- To understand why VAT is neither an expense nor a revenue item
- To know how to find the tax impact of corporate income tax and VAT in the financial statements
- To be able to find the corporate income tax and VAT payment schedules in the balance sheet
- To be able to assess the performance of disposable income
WORD FROM THE AUTHOR
Franck NICOLAS, Gilles BARJHOUX, Michel GRAFF
” Every tax decision that a company makes will affect its financial balances. It is also essential to fully understand the tax effects of corporate income tax and VAT in order to better understand a company’s financial statements.”
Price and value of the company
MODULES
EDUCATION GOALS
- Recognise so-called “expert” business appraisal methods
- Understand the various principles used to calculate goodwill
- Value a company using value creation techniques
- Make investment decisions using IRR appraisal techniques
WORD FROM THE AUTHOR
Franck NICOLAS
“A company’s value is not the same as its price. Assessing a business also depends on factors other than financial figures. This course will help you to understand how to estimate company value.
Which strategic factors should be taken into account, and what are the commonly-used expert appraisal techniques?
You will also study company valuation techniques based on value creation. You will learn how to apply IRR-based methods to determine whether an investment is profitable or not.”
Business Plan
MODULES
M91Business Plan : introduction and pre-assessment
30min
M92 Introduction to Business Plans
40min
M93Drafting a Business Plan
40min
M94 Building a Business Plan
1h
M95 Business Plan : final assessment
30min
EDUCATION GOALS
- Understand what a Business Plan is and who it is intended for
- Prepare the financial section of your Business Plan
- Sell and defend your project
WORD FROM THE AUTHOR
Franck NICOLAS
“You have come up with an innovative, new idea that you think is going to revolutionise the market? You want to bring your project to life by creating your own company?
Well, hold onto your seat, we’re ready to begin our business creation adventure, starting with preparing your Business Plan!”
Finance training for managers
MODULES
M111 Finance training for managers : pre-course evaluation
30min
M112 Interpreting financial statements
45min
M113 Changes in cash and income
30min
M114Tools and ratios for analysing efficiency
35min
M115 Performance challenges
55min
M116 Golden rules for sound financial management
25min
M117 Value creation approach
40min
M118 Finance training for managers : post-course evaluation
45min
EDUCATION GOALS
- Read and analyse the financial statements : balance sheet and profit and loss statement
- Realize a financial diagnostic
- Build financial dashboards
- Be able to measure the impact of the financing choices on the financial health of the company
- Dialogue with the bankers
- Get the expectations of the shareholders during raising funds stages
WORD FROM THE AUTHOR
Franck NICOLAS Rémy PALIARD
“Whether you are a manager, an entrepreneur, a project manager or head of a business unit, you may not be expert of business finance.
Yet, every manager has to understand and to deal with the global financial figures of the company. The risk calculation and the financial impact of these decisions are essential to drive the control of its business.
This program will allow you to get the financial approach in your operational decisions, to get methods and means to pilot your business like a financial manager taking into account the criteria of economic return of the company, with the requirements of the funds providers.”
Operational dashboards
MODULES
M141 Dashboard fundamentals
20min
M142 Constructing a dashboard
35min
M143 Dashboards and company strategy
25min
M144 Analysing and using a dashboard
40min
EDUCATION GOALS
- Design and implement a system of dashboards adapted to the specific needs of the business
- Use, analyse and update your dashboards
- Identify the relevant indicators for the different types of dashboard (sales, financial, HR, etc.)
- Monitor your business using an operational dashboard
WORD FROM THE AUTHOR
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.”
The company’s funds flow statement
MODULES
M211 Funds flow statement
2h
EDUCATION GOALS
- Understand the characteristics and purpose of the funds flow statement
- Understand the concepts of WCR and NWC
- Recognise the different types of cash flows
- Understand the methods for calculating cash flows
- Know how to prepare a funds flow statement under French GAAP (PCG)
- Know how to prepare a cash flow statement in accordance with IAS 7
WORD FROM THE AUTHOR
Michel TERNISIEN
“Analysing a company’s balance sheet and income statement will not provide us with sufficient information to assess the company’s performance. We need the funds flow statement for this.
To really understand this concept, let’s make a comparison with the world of sport, football to be precise. Imagine that I’m a sports commentator and that I need to give a summary of a match that has just finished. I give the final score of the match. This is the balance sheet.
I’m not happy with this information. So I indicate the various goals and when they were scored. This is the income statement.
I’m a bit happier with this information, but not completely. What’s missing? Now I want to understand the strategy behind each goal. This is the funds flow statement.”