Financial management for small and medium business

The program - Financial management

1. Part - Book-keeping

1. Financial information using

• Financial information
• Accounting systems
• Book-keeping principles
• Determining of future values
• Information accordance, comparability, reliability
• Accounting principles

2. Distinctions between management accounting and financial accounting

• Financial bookkeeping (accountancy)
• Management accounting (bookkeping)
• Financial information for management or administration

3. Main accounting documents

• Book-keeping accounts
• Profit or losses acount
• Balance (Balance sheet)

4. Assets and liabilities

• Assets
• Long-term and current assets
• Revision of fixed assets values
• Any other assets
• Liabilities
• Attraction of long-term capital

2. Part - Business financial statements and estimations of investments

1. Business classification

• Small and medium business
• Business foundational and organizational purposes

2. Equity accounts

• Taxes and profit
• Common and voting right share
• Reserves

3. Economic activity analysis

• Coeficient analysis
• Coeficient types
• Coeficient meaning (sense)

4.Investments assessment

• Capital source
• Risks
• Project choise
• Project assessment methodes
• Comparing of project assessment methodes
• Assessment of Investments attraction
• Investments attraction coeficients

3. Part- Plan's composition and control

1. Forecasts composition

• Forecasts of income
• Determination of forecasts
• Forecasts's accordance of a reality

2. Expenses determination

• Expenses and cash flow
• Expenses and costs types

3. Direct and indirect (overhead) costs

• Direct costs
• Indirect costs
• Apportionment of costs
• Alternations (changes) of costs

4. Forecasting and determination of costs

• Pricing
• Calculation of costs methodes
• Determination of income and expenses borders
• Apportionment of expenses and costs

5. Budgetary control

• Functions and purposes of budget
• Determination of period depending on budget (budgetary) type
• Budget (budgetary)composition
• Budget (budgetary) types