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              Early Bird Deadline       CGBP                                                                     

Wednesday & Thursday, 10 & 11 July 2019 * 9:00AM to 5:00PM

As a business decision-maker, it is important to know how to read financial statements and interpret the numbers correctly in order to make that right decision.

This two-day training will teach you all that including how to spot important issues and ask intelligent questions in management and board meetings. This user-friendly format will teach you to understand not only balance sheets, income and cash flow statements, but also how to interpret those footnotes and disclosures on audit reports. You will learn how to make sense of those financial ratios and analysis to know if you have a healthy business and find out what is right, what is wrong, and fishy in the financial report.

Whether you are in marketing, HR, or operations, or the board director, owner or stakeholder, it's your business to know the language of business!

   Limited Seats Only, Pre-Registration Required

   REGISTER NOW & Avail of the Early Bird & Group DISCOUNTS

   Contact Person: Paula Zaldivar
   Manila lines: (+632) 556-8968 or 69
 Manila Telefax: (+632) 842-7148 or 59
   Cebu lines: (+63 32) 512-3106 or 07
   Baguio line: (+63 74) 423-2914
   Legazpi line (+63 52) 736-0148
Lecturer 1: Mary Jane O. Rosales, CPA, CIA - President, The Institute of Internal Auditors in the Philippines (2008). She has a mastery of finance, having spent most of her career handling controllership & risk management functions in Petron Corporation. Obtained a B.S.B.A. degree, major in accounting, from the University of the Philippines (1979).

Lecturer 2: Jonathan Ravelas - He was recently named as one of the "Most Accurate Forecasters" in the world by FocusEconomics Consensus Forecast and is the Chief Market Strategist of the largest universal bank in the Philippines -- BDO. Part of his job is to analyze volumes of financial statements to provide valuable insights on the financial performance of companies and the equities markets. His investment advice is well sought after with his commentaries appearing in Asian Wallstreet Journal, Business World and Philippine Daily Inquirer newspapers, as well as televised interviews on ANC, Bloomberg and BBC.

    Who Should Attend:

     All business
     & stakeholders
     in all industries


   Training Investment is P15,580
   inclusive of Meals, Resource Kit, &
   Certificate of Attendance

How to Really Read Financial Statements
for Board Directors & Decision-Makers

Makati Shangri-La Hotel, Makati City, Philippines
9:00 am to 5:00pm, Wednesday & Thursday, July10 & 11, 2019

Course Outline

1.  Framework for Financial Statement Reporting
     A. Users of Financial Statements & their Purpose for Reading FS
     B. Management & Employees
     C. Owners and Investors - Current and Potential
     D. Creditors and vendors - Current and Potential
     E. Equity Analysts
     F. Regulatory and Government Agencies
     G. Social Responsibility Groups

2.  Principal Financial Statements and Their Uses
     A. Balance Sheet
     B. Income Statement
     C. Statement of Cash Flows
     D. Footnotes/Disclosures
     E. Supplementary Schedules
     F. Management Discussion & Analysis

3.  What Decision-Makers Need to Know About the 3 Principal Financial Statements
     A. Purpose
     B. Statement of Management Responsibility for FS

4.  What Board Directors and Management Need to Know About Accounting Principles
     A. The Impact of Using Different Accounting Methods
     B. Use of Footnotes/Disclosures & Schedules
     C. Relationships/Links Between Financial Statements

5.  Income Statement, Balance Sheet & Statement of Cash Flows
     A. Importance & Use
     B. Accounting Principles & Methods
     C. Footnotes/Disclosures
     D. Relationships/Links
     E. Massaging Numbers
     F. Review by Audit Committee & Board of Directors

6.  Financial Statement Analysis
     A. How to Know if Your Company is Really Making Money - Profit Analysis
     B. Interpreting the Numbers Using Financial Statement Ratios
     C. Impact of Growth & Decline on Financial Statements

7.  What to Spot in Financial Statements

8.  Issue Spotting
     - What Questions Should You Be Asking As Business Owner or Management

9.  What You Should Include in Performance Dashboards

10. Pointers to Ensure that Recording, Processing & Reporting Data Do Not Result in Material
     Misstatement of Financial Statements

11. Pointers to Avoid Material Weaknesses in Internal Controls

12. Financial Policies for Fraud Prevention that Decision-Makers Should Have

13. What Decision-Makers Need to Know About the External Auditor's Opinion
     A. Types of Opinion
     B. How to Read and Understand the Opinion

14. Understanding Basic Concepts in Making Business Decisions
     A. Understanding the "Cash to Cash" Concept
     B. What is Working Capital?
     C. What are the Basic Internal Financial Decision-Making Concepts?
         • Cost-Volume-Profit Analysis
         • Break-Even Point
         • Economic Order quantities
         • Others

15. What Decision-Makers Can Get From Reading Financial Statements
     A. What clues we can get from Financial Statements?
         • Creating Strategies
         • In Valuing Companies
         • In Investment Decision-Making

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- TRAINING FEE PER PERSON: P 15,580 (Fee covers Meals, Resource Kit, Certificate of Attendance)


Less 5% for early registrants (on registrations made on or before June 10, 2019)
Less 5% for early payment (if made on or before June 30, 2019)
Less 5% for group registration (minimum of 3 participants)


Share |
Download: Flyer - Black&White (.PDF 389kb)
                         Course Outline (.PDF 256kb)