The company, considered a living organism, is undergoing a permanent change in its economic and financial status. These changes motivated by the environment, in some cases, and management policies in others, may cause stress conditions on its financial position and difficulties in generating profit.
Therefore, a permanent monitoring of the evolution of economic and financial position is essential in the management; to implement measures aimed at causes that produce unwanted effects.
This course has been restructured into two sets:
- ANALYSIS AND INTERPRETATION OF ECONOMIC AND FINANCIAL PARAMETERS
- DIAGNOSIS OF ECONOMIC AND FINANCIAL HEALTH
Throughout the FIRST BLOCK statements are interpreted as a step absolutely necessary to understand events that have occurred in the company. Determines, in general, the economic and financial health and, therefore, to know and govern the activity. Without a basic understanding of the rules and conventions of the accountant language, a non financial manager is exposed to any eventuality, is virtually “blind” and “dumb”.
The SECOND BLOCK analyses the health of the company through the economic and financial parameters and the effects arising due to decisions taken by non financial departments.
The business passes inexorably by the evolution of its economic and financial position. Both positions have in common features refereeing to the final goals of the company, and both also have to know how to balance in order to fulfil the mission to stay on the profitable path, financially sound. This path is the best, and a guarantee of assurance and continuity.
Based on the accounting information over a period, the diagnosis can correct the pathologies that impede the normal operation of the company.
The Model of Economic and Financial Position (EFP) is a highly predictive tool because it allows to:
- Determine the current financial and economic status
- Indicate the path being made by the company
- Put the basis to correct the route in cases that do not evolve in a balanced way.
It is precisely this anticipatory vision which gives the greatest interest to the model, produced before the first signs of crisis appear, they are embodied in the tour, showing the kind of causes that generates them: economic and / or financial statements.
After the course the participant will be able to:
ENAE Business School is very conscious of the fact that every teaching institution is built by all and must be very careful about participant selection right from the very start by analysing their CV, qualification certificates, admission exam and through a personal interview of the student by the program director. Depending on the program, ENAE Business School carries out tests to evaluate language competence.
Most of our students come from the business world about 80% of ENAE’s students are graduate professionals and executives who wish to update their knowledge and improve their skills. These students come from different academic backgrounds mostly engeneering, business, law, economics, communication and humanities.
We encourage young and talented graduates with entrepreneur spirit to be involved in our programs as a fast track to achieve their goals in the business World.
ANALYSIS AND INTERPRETATION OF ECONOMIC AND FINANCIAL PARAMETERS
1. Interpretation of financial statements
1.1 Book value versus real value
1.2 Vulnerability of assets
2. Concept of economic and financial position
3. Where are the companies according to their economic and financial position.
4. The balance: a good measure of financial position
5. Income statement as a measure of economic status
6. Interpretation of the items that make exploitation
7. Messages from the income statement
DIAGNOSIS OF ECONOMIC AND FINANCIAL HEALTH
1. The key economic and financial diagnosis from the management perspective.
2. The Economic and Financial Position Model (EFP).
2.1 Natural impacts (inertial forces) that are permanently placed on companies.
2.2 Tactical and Strategic movements in the economic and financial position (EFP).
3. The messages emerging from the economic and financial position and guidelines for management improvements.
4. The position of liquidity, solvency, indebtedness of the company and financial coverage.
5. The economic function of financial leverage
6. The economic and strategic conception of the company.
To achieve the goals set out in this course and for its understanding and management by the participants, we analyze a case study that deals with the current situation of a real SMB.
Specified time period: This course has and extension of 20 contact ours at ENAE premises.
Timetable: This course is delivered on Friday from 16:30 h. to 21:30 h. and Saturday from 9:00 h. to 14:00 h
Place and Address:
Edif. ENAE. Campus Universitario de Espinardo 30100 Espinardo Murcia- Spain
Are you interested? Obtain the following benefits:
Price: 590 €
ENAE Business School offers the following discounts:
Partner companies of FUERM, their workers, and the members of Asociacion de Antiguos Alumnos of ENAE Business School will obtain a 10% of discount.
If the amount of the program is paid by your company through the credit offered by the Tripartite Foundation you may recover all or part of the amount of the program in ENAE Business School, discounting the amount to be credited for the payment of social insurance.
Part of the amount paid of our training programs, in-person and In Company, could be recovered through the Tripartite Foundation (only Spanish companies).
Ask us for more information. We make the process for obtaining the discounts to all those students who request it, at no additional cost to your training.
The program is part of a Master and has limited availability. Taking this course will provide you great opportunities for expanding your professional networks. Final admission decision is reserved to ENAE Business School on the basis of prerequisites established for the course, room availability and specific group profile required.