General accounting notes
- Vocabulary, double-entry method, entries, general overview.
- The accounting plan
- Amortizations and provisions.
- The profit and loss account.
- Handling inventories.
- The balance sheet.
- Tax aspects.
Hands-on work
Hands-on work Examples and exercises in making several accounting entries.
The company as an investment
- The profit and loss account.
- The bottom line. Working capital requirements. Cash. The notion of cash flow.
- Equity. Working capital, net assets, net position. Ongoing capital.
- Basics of financial analysis: Operating ratios and financial structures.
Hands-on work
Case study on an actual case and a tax return: Financial analysis.
Capital investment as a one-time project
- Differences between "capital investment" and "operating expenses", CAPEX and OPEX.
- Characteristics of a project
- Project management criteria.
- Budgets: Creating them, updating them, calculating deviations in time and cost.
Hands-on work
Deviation-calculating exercises.
Capital assets
- Main.
- Secondary.
- Component-based approach.
Amortization: Different methods
- Straight-line.
- Accelerated.
- Other methods.
Investment calculations
- Flows and cash flows.
- Discounting. Concept. Financial calculations: The basics.
- Investment profitability: Concept and calculation.
- Investment-choosing criteria: NPV, IRR, payback period, etc.
Hands-on work
Exercises in choosing different investments.
Financing investments: Benefits and drawbacks
- From equity.
- Buying on credit.
- Leasing.
Hands-on work
Exercises in choosing different financing methods for a single investment.
2d
- 14h00 
