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Description |
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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 to any of the above statements, then you urgently require to upgrade your financial knowledge as these are all common misunderstandings of executives with non-financial background (even including some financial professionals). |
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Objective |
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The specific objective of this programme is to enable participants to 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 one, because most business people are users of financial statements, internal (managers, executives) or external (investors, analysts...), rather than preparers of financial statements. |
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Participants |
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This programme is designed for non-financial mid/senior managers whose work involves financial statements interpretation. |
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Benefits |
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The programme will help participants to:
- Communicate more effectively with finance department
- Assess a company's business performance and its market value in a correct way
- Understand implied problems in terms of operation and strategy behind the seemingly boring financial data
- Use accounting information effectively while in making external decisions
- Understand the process of accumulating, identifying, measuring and recording economic information
- Appreciate the use of accounting information for external decision-making
- Master the different "tools" used to perform a financial statement analysis
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Coverage |
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- Accounting - the language of business
- The accounting model
- International and comparative financial accounting
- Financial statement analysis
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Schedule |
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Day 1
- morning
- Introduction
- Definition of financial accounting
- Users of financial accounting
- Introduction to the accounting process
- afternoon
- Presentation of the Financial Statements
- 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
- 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
- Change in value of fixed assets
- Change in value of current assets
- Other entries and adjustments (errors, inventory)
- Tangible Assets
- Basic principles: definition, difference between tangible assets and inventories, 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
- Intangible Assets
- Definition
- Recognition
- 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 on Balance Sheet (Group Work)
- Income Statement Analysis
- afternoon
- Cash Flow Statement Analysis
- Summary of Ratio Analysis
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Faculty |
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Professor Ding Yuan, Programme Director |
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Venue |
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- Shanghai (CEIBS Shanghai campus, 699 Hongfeng Road, Pudong, Shanghai)
- Shenzhen (Novotel Bauhinia Shenzhen at Qiaocheng Dong Road, Overseas Chinese Town, Shenzhen)
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Admissions |
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Applications are reviewed as they arrive. Completed applications must be received 20 working days before the start of the programme. Any applications received after that date will be considered on a space-available basis. Please address all applications and enquiries to our customer service team in Shanghai, Beijing or Shenzhen.
If a confirmed booking is cancelled within 15 working days of the start of the programme, or if the applicant fails to attend the programme, a cancellation fee equaling to 20 percent of the total programme fee will be charged. If an applicant is unable to attend the programme, the applicant may transfer to another CEIBS Executive Education Programme within the same calendar year. When a request to substitute participant(s) for the same programme is made less than 15 working days prior to the start of the programme, the seat(s) will not be guaranteed. |
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* CEIBS reserves the right to amend information on this programme including price, date, location, faculty, daily schedule and other details. |
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