Financial Statements Interpretation for Decision-makers

Date: October 11-14,2017
Venue: Shanghai

Chinese
Programme Fee: 
RMB 37,800

Programme Fee includes tuition, case licensing fees, lunches, stationery, other course materials, interpretation and translation fees if required.
The full fee must be paid within two weeks upon receipt of the payment notice. Applications made within 30 days of the start of a programme require immediate payment. Any successful applicant for programmes offered by CEIBS Executive Education Department via the official website will be entitled to a 
1,000-yuan discount per programme. CEIBS reserves the right to amend information on this programme including price, discount, date, location, faculty, daily schedule and other details.

Description

Highly profitable enterprises won’t go bankrupt; fast-growing companies won’t have to tackle cash flow problems; companies will not face insolvency as long as they still own assets; enterprises may inject their retained earnings into investment projects. If you agree with any of the statements above, you are strongly urged to upgrade your financial knowledge as soon as possible, as these are all common misconceptions held by many executives from non-financial backgrounds (and even by some financial professionals).

Objective

The specific objective of this programme is to help participants develop an understanding of how to read, understand, and analyse a firm’s financial statements in light of its business strategies for the purpose of evaluating past performance and projecting future performance. We adopt a user perspective, rather than a producer perspective, because most business professionals are users of financial statements, internal (managers, executives, etc.) or external (investors, analysts, etc.), rather than preparers of financial statements.


Participants

This programme is designed for non-financial middle/senior managers whose work involves financial statements interpretation.


Comments From Participants

The programme is characterized by its unique and innovative ideas, broad vision and real cases. It’s a very enlightening programme and I’ve benefited a lot from it.  

Liao Zengtai 
CEO 
Yantai Wanhua Polyurethanes Co., Ltd.

 

The programme is very helpful for business managers and decision makers to make use of financial statements, especially the three common ones. 

Li Zhimin 
President 
Wanbang Pharmaceutical Marketing and Distribution Co., Ltd.

 

The in-depth knowledge I acquired from the appropriate mix of case studies has broadened my horizons.  

Wang Xiaobo 
Partner 
Shanghai Shangwei Lawyer Office

 

The programme is designed for non-financial managers. It is on the basis of the instructor’s innovative teaching cases and inspirational case studies about world-renowned listed companies, articulated the preparation of financial statements and data structures, data application, and financial forecast and decision-making. The 4-day programme helped me develop a better-than-ever understanding on accounting knowledge and tools required for financial statements analysis and forecast in real life.

Wang Wei
Vice General Manager
High Hope Int'l Group Jiangsu Woollen Knit & Garmtex Imp & Exp Corp Ltd.

 

I have participated in CEIBS’s executive education programmes since 2001. I believe that the Financial Statements Interpretation for Decision-makers programme is tremendously helpful in understanding the business operation from the financial statements perspective. Armed with a better understanding of financial statements, I’m able to communicate with my board directors more effectively.

Zuo Yongquan
General Manager
Shenzhen Energy Logistics Co., Ltd.

Benefits

The programme will help participants to:

  • Communicate more effectively with their finance departments
  • Properly assess a company’s business performance and its market value
  • Understand important operational and strategic issues revealed by seemingly boring financial data
  • Understand the process of accumulating, identifying, measuring and recording economic information
  • Effectively utilise accounting information for external decision-making
  • Master the different “tools” used to perform a financial statement analysis

Schedule

Day 1
Morning

Introduction

  • Definition of financial accounting
  • Users of financial accounting
  • Introduction to the accounting process
Afternoon

Presentation of the Financial Statements (1)

  • Balance sheet
  • Income statement
  • Notes to financial statements
  • Cash flow statement

Business Game (1)

Day 2
Morning

Business Game (2)

Presentation of the Financial Statements (2)

  • Balance sheet
  • Income statement
  • Notes to financial statements
  • Cash flow statement
Afternoon

Accounting Principles and Preparation of Financial Statements

Accounting Principles

End-of-period Entries

  • Adjusting entries
  • Changes in value of fixed assets
  • Changes in value of current assets
  • Other entries and adjustments (errors, inventory)

Tangible Assets

  • Basic principles: Definition, the difference between tangible assets and inventories, the difference between tangible assets and expenses
  • Acquisition: Definition of acquisition cost
  • Depreciation: Main concepts, straight line and declining balance methods, how to record depreciation
Day 3
Morning

ntangible Assets

  • Definition
  • Identification
  • Treatment of changes in value
  • Accounting for R&D

Intercompany Investments and Business Combinations

  • Types of financial assets
  • Treatment of changes in value
  • Consolidation: Full consolidation, equity method and proportional consolidation
  • Accounting for goodwill
Afternoon

Short-term Liquidity

Capital Structure and Solvency

Day 4
Morning

Comprehensive Analysis of Balance Sheets (Group Work)

Income Statement Analysis

Afternoon

Cash Flow Statement Analysis

Summary of Ratio Analysis​

 

Programme Director

Professor Su Xijia

Admissions Procedures
Applications are requested at least 30 days before the programme start date. Applications are reviewed as they arrive and admissions are subject to the final confirmation of CEIBS. Any applications received after that date will be considered on the basis of space availability. For more information, please contact our Customer Service Team in Shanghai, Beijing or Shenzhen.

Cancellations
Any cancellation made 30 days or more prior to the programme start date is eligible for a full refund of programme fees paid. However, the expenses arising therefrom shall be for the account of the applicant or his/her employer. Any cancellation made less than 30 days prior to the programme start date shall be subject to a fee of 20 percent of the total programme fee. After the programme starts, no fees shall be refunded for participants who withdraw from the programme for any reason.

Notification
To ensure the continuity of your learning, you are required to make proper arrangements according to the course schedule after receiving your letter of enrollment. We will neither make up lessons for you nor confer you with the certificate of completion if you are absent from the course for personal reasons. CEIBS reserves the right to amend information on this programme including price, discount, date, location, faculty, daily schedule and other details.


Contact Information

Shanghai
Customer Service Team
699 Hongfeng Road, Pudong, Shanghai, 201206, P.R.C.
Tel: +86-21-2890 5187
Email: exed@ceibs.edu

Beijing
Customer Service Team
No.20, Zhongguancun Software Park
No.8, Dongbeiwang West Road,Haidian District
Beijing, 100193, P.R.C.
Tel: +86-10-8296 6688
Email: exed@ceibs.edu

Shenzhen
Customer Service Team
8/F, Block A, Rongchao Business Center
No.6003, Yitian Road, Futian District
Shenzhen 518026 P.R.C.
Tel: +86-755-3337 8136
Email: exed@ceibs.edu