ΠΕΡΙΓΡΑΦΗ

To remain competitive and provide a truly top-quality service, all legal professionals serving the international business and finance markets, need to be in a position to read and understand financial information and statements, for both the efficiency of their own departments and business, as well as to be able to develop a stronger understanding of their clients’ requirements.

This highly interactive seminar provides participants with a thorough understanding of financial statements, offering the opportunity to learn the key financial concepts and use this information in their everyday work, such as to propose and manage budgets and track initiatives’ financial performance.  It integrates team exercises that will allow participants to practice their new skills in real-life scenarios.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

• Understand the language associated with finance
  
• Know how and when to use financial terms and analysis techniques
• Read and assess company performance using financial statements
• Recognize the link between organizational strategy and financial objectives
• Use “the numbers” to their best advantage to make more informed and sound decisions

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The programme is ideal for lawyers at any level that are engaged in business decision making or engage in any way to the financial of the organization and would like to acquire a basic overview of the topic.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline

Introduction

• Introductions and course objectives
  
• Participants’ own needs and wants from the course

The Balance Sheet

• Understanding different Assets and Liabilities
  
• About Fixed Assets
• Current Assets – what they are and how to improve
• Current Liabilities – what they are and how to improve them
• Benchmarking and comparators
• Key Ratios and trends
• About Gearing

 The Income and Expenditure Account (or Profit and Loss Account)

• The key components of the Income and Expenditure Account
  
• Analysing Key ratios and trends
• Managing different types of Costs and their behaviour
• Analysing income streams
• Improving Profitability and Productivity
• The Power of 1%
• Profit/Surplus and Cashflow are different things!

 Management Accounts

• What Management Accounts should tell us
  
• How these figures contribute to overall performance
• Managing the cashflow as well as the costs
• Managing variances and making any necessary improvement

 Using ratios to benchmark performance

• How to use the key ratios to benchmark our performance
• Recognising areas where performance is slipping, and which need management attention

 Generating ideas to improve financial performance, including people’s productivity

• Identifying and investing more in high performing assets and activities
  
• Identifying and improving underperforming assets and costs

 Moving from Analysis to Forecasting

• The principles of Forecasting and Budgeting
  
• Revenue Budgets
• The strengths and problems of traditional budgeting methods
• 2 other approaches which can complement and improve traditional budgeting methods
• Budgeting for Projects – how to do a Cost-Benefit Analysis

 Capital expenditure

• Cost of Capital issues and the time value of money
• Where budgeting can go wrong and how to avoid the principal problems

 Understanding the jargon

• A free discussion clarifying any remaining questions about terminology and jargon
  
• Benchmarking and comparators

CPD Recognition

This programme may be approved for up to 14 CPD units in Law. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

Professionals requiring CPD units to meet the education requirements for an occupational licence renewal and/or for maintaining other professional memberships/certifications which accept CPD in Law are advised to consider training subjects in categories that indicate CPD training in Law.

Trainer

Marios Mortis holds a bachelor’s degree in Business Administration in Accounting, a Master’s in Banking and Finance, and he is a qualified member of Association of Certified Chartered Accountants (ACCA). Marios has developed and conducted professional training courses on corporate reporting, Accounting and Finance, and Financial Workshops. He had, also, participated to researches on the area of finance and accounting in both academic and professional level. He has a working experience in the accounting, audit, advisory, assurance and banking sectors in various positions and companies in Cyprus. During last 4 years Marios continued his path in the education field which is a challenging and interesting field for him. He currently works as a Visitor Academic for a local University in Cyprus, where he is teaching courses such as Corporate Governance and Business Ethics, Corporate Finance, Corporate Risk Management and Audit and Assurance. He also holds the position of Trainer & Accountancy Programmes Leader for a local institute where among others he is teaching many courses of various accountancy qualifications, such as the Cash and Treasury Management, Credit Management, Governance, Ethics, and Risks, Management Accounting, and Indirect Tax.