Financial Management Training
Introduction to the project
Objective of the assignment is to strengthen the local private sector
capacity by providing local IT Managers and Financial Specialists with
the techniques for Effective Business Planning & Budgeting, overview
of foreign investment markets operating principles and financial statements
Brief Description of the Content
This project was aimed at retraining 10-15 Chief Executive
Officers of and Financial Managers / Directors of Information Technology
Companies successfully operating in Armenian and International Markets.
It will cover the following topics:
Financial Accounting Environment - (6 hours). Basic financial definitions & terminology, discussion of how to read & understand balance sheets, income statements, & cash flow statements, & additional financial topics; International Accounting Standards.
Financial Statement Analysis - (6 hours). Ratios & other tools for analysis of balance sheets, income statements, & cash flow statements including: liquidity analysis, leverage analysis, profitability analysis, business valuation, cash flow, inventory & receivable efficiency, etc.
Techniques for Effective Business Planning & Budgeting (6 hours). Business planning progression, the business plan document, budgeting techniques budget control & analysis, & miscellaneous planning & budgeting topics.
Tax System of Armenia - (6 hours). Tax Legislation in Armenia (including latest amendments).
Financial Markets Fundamentals and Types of Enterprise Funding - (6 hours). Inside Armenia: self - financing, equity financing and debt financing; Sources of Funds in Armenia. Outside Armenia: Understanding the Financial Press. Financial Markets Fundamentals: Inflation, Interest Rates, Economic Growth Market Expectations. Venture Funds / types and requirements. Current situation with the venture funding. Recommended strategies and venture funding stages. Investor expectations and reality. Bootstrapping.