SETTING UP BUDGET MANAGEMENT • Setting up budgeting • Budget development and control • Typical mistakes in setting up budgeting FINANCIAL ANALYSIS – HOW TO ASSESS FINANCIAL POSITION OF A COMPANY • Place of financial indicators in the system of company assessment • Analysis of company financial position • Analysis of interrelations among different groups of financial performance indicators FINANCIAL AND INVESTMENT STRATEGIES – ENSURING BUSINESS DEVELOPMENT • Financial strategy formation for a company • Financial resources: substantiating the need therein and tools for securing • Investment management

WORKING CAPITAL MANAGEMENT • Net working capital planning • Inventories’ planning • Cash and receivables’ planning COST MANAGEMENT • Cost behavior analysis and target profit planning • Organization of control and cost-cutting • Rationalization of managerial decisions on cost management FINANCE FOR OWNERS AND TOP-MANAGERS • Decision-making on cost management • Decision-making on asset and capital management • Management accounting and budgeting fundamentals

SETTING UP MANAGEMENT ACCOUNTING • Management accounting tasks • Management accounts’ chart formation • Management accounting implementation BUSINESS PLAN DEVELOPMENT • Business-planning concept • Marketing sections of a business plan • Operational and financial sections of a business plan STRATEGIC PLAN DEVELOPMENT • Strategic management concept • Tools for strategic plan preparation • Efficient strategy implementation BUSINESS VALUATION • Multiplicative valuation methods • Direct valuation methods • Value adding methods