ΠΕΡΙΓΡΑΦΗ

Due to the pandemic, small and medium-sized businesses have faced unexpected and unpleasant challenges over the last two years, including reduced sales, a lack of liquidity, and restrictions on their activities and the way they conduct business.

Throughout the pandemic, it became clear that understanding and analyzing financial statements is an absolute requirement for every entrepreneur and employee of small and medium-sized enterprises, which are unquestionably the backbone of the Cypriot economy.

The goal of this seminar is to provide an understandable framework for recording financial transactions using accounting science, which is constantly evolving and changing.

The seminar also aims to help participants understand financial statements in depth, identify critical points, and gain the knowledge needed to make more sound general decisions for their companies, as well as to facilitate communication with professional accountants and auditors.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

• Acquire the fundamental knowledge required to comprehend and read financial statements.
• Describe the key concepts in the main Financial Statements.
• List and identify the fundamental financial statements
• Separate and classify financial transactions in the Financial Statements based on the relevant categories.

• Discuss the utility of basic financial statements.
• Demonstrate a thorough understanding of the fundamental financial statements.
• Analyze and evaluate the company's financial position and performance. 4. Identify red flags on key issues such as the company's liquidity.
• Choose relevant information from the financial statements.
• To effectively manage any negative conclusions that may be drawn from the financial statement analysis using the appropriate indicators.

• Refute external auditors when necessary.
• Compare the data in this year's financial statements to the data in the previous year's financial statements. 3. Work more effectively with the accounting department staff as well as the external auditors.
• To criticize the financial statement results
• Attend critical meetings with external auditors and the Board of Directors.
• Have increased confidence in their ability to complete their tasks
• To effectively participate in important meetings with their bankers and to adequately defend their company's interests.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The course is addressed to:

Entrepreneurs, general managers, department heads, and other professionals who want to improve their understanding of and analysis of critical fundamental financial statements for strategic decisions and crisis management.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

CPD accreditation:

*The course may be approved for up to 7CPD units verified directly by the participant's association, regulator or other bodies which holds membership.

** For the Cyprus Bar Association Members this counts as part of their Continuous Professional Development, qualified as Non-verifiable CPDs.

Trainer

Chrystalla Kazara

Chrystalla is a holder of a Bachelor Degree in Business Administration, an MBA from CIIM and a Banking Certificate from the American Bankers Association. She is a Chartered Certified Accountant (ACCA) and a Certified Fraud Examiner (CFE), member of the Board of Directors and Training Director of ACFE Cyprus and member of ACFE Global. She is also a member of ICPAC, of the Cyprus Institute of Internal Auditors and of ISACA Cyprus Chapter. She has 20 years of experience in the Banking sector, in two of the largest financial institutions in Cyprus, and has also experience in the Corporate Services sector. Her expertise mainly focuses in Risk Management, Regulatory Compliance/AML, Corporate Governance, Internal Audit, Fraud Risk Management and Fraud Investigations. Currently, she is the Head-Internal Audit Function of a private company, a corporate trainer of Professional Development courses and an Internal Audit/Fraud Investigations Consultant.