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Description

The B|FC (Business Finance & Control) course is designed to provide participants with an in-depth understanding of the principles of finance and management control within companies. Through a comprehensive programme, participants will acquire the skills needed to analyse and interpret financial data, make informed decisions and contribute to optimising business performance.

Day 1: Introduction to accounting and finance

  • Accounting principles: Understanding the basics of accounting.
  • Financial statements: Analysis of the balance sheet, income statement and cash flow statement.
  • Basic concepts in corporate finance: Introduction to fundamental notions.

Day 2: Financial analysis

  • Financial ratios: Study of financial ratios, their calculation and interpretation to assess profitability and financial structure12.
  • Profitability analysis: Methods for analyzing profitability and managing costs.
  • Investment evaluation techniques: Introduction to net present value (NPV) and internal rate of return (IRR).

Day 3: Management control

  • Drawing up and managing budgets: Techniques for drawing up and monitoring budgets.
  • Variance analysis: Tools and methods for identifying variances between forecasts and actuals.
  • Dashboards: Implementation of performance monitoring tools.

Day 4: Strategic decision-making

  • Evaluating investment projects: Methods for selecting projects for financing.
  • Resource optimization: Strategies for efficient resource management.
  • Role of finance in corporate strategy: Importance of finance in strategic development.

Day 5: Ethics and compliance

  • Accounting standards: Understanding current accounting standards.
  • Financial risk management: Techniques for preventing fraud and managing the associated risks.
  • Transparency best practices: Importance of ethics in financial practices.

B|FC training is aimed at a variety of audiences:

  • Finance professionals: Accountants, management controllers and financial analysts who want to deepen their knowledge and skills in corporate finance.
  • Executives: Executives and managers wishing to strengthen their understanding of financial issues in order to make informed strategic decisions.
  • Entrepreneurs: Founders and managers of small and medium-sized businesses who need to manage their company's finances effectively to ensure its growth and longevity.
  • Students and recent graduates: Students of business, management or finance who want to acquire practical skills to enhance their employability in the job market.
  • Retraining professionals: Individuals seeking to re-orientate themselves towards careers in finance or management control.

To take full advantage of the B|FC training, certain prerequisites are recommended:

  • Level of education: Participants should have a minimum level of education equivalent to Bac+2 in finance, management or related fields. This will provide a sufficient basis for more advanced concepts.
  • Basic accounting knowledge: An understanding of the fundamentals of accounting is desirable. Participants should be familiar with the notions of balance sheet, income statement and cash flow.
  • Analytical skills: Trainees should possess basic analytical skills, including the ability to work with numbers and data.
  • Motivation and commitment: The training requires active commitment on the part of participants. A willingness to learn and apply the concepts covered is essential to maximize the impact of the training.

The main objectives of the B|FC training course are as follows:

  • Understanding financial fundamentals: Participants will learn the basics of accounting, financial statements and key performance indicators. They will be able to read and interpret balance sheets, income statements and cash flow statements.
  • Performance analysis: Trainees will develop analytical skills to assess a company's financial performance. This includes the use of measurement tools such as financial ratios and variance analyses.
  • Strategic decision-making: The course aims to teach participants how to use financial information to make strategic decisions. This includes evaluating investment projects, managing budgets and optimizing costs.
  • Management control: Participants will learn about the principles of management control, including budget planning, performance monitoring and dashboarding. They will learn how to identify discrepancies between forecasts and actual results, and how to propose corrective action.
  • Compliance and ethics: Another important objective is to make participants aware of the challenges of regulatory compliance and ethics in financial management. This includes understanding accounting standards and legal requirements.

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